Home > Research & Policy

CRL conducts in-depth research on the extent and impact of predatory lending, to provide useful information to consumers, community advocates, and policymakers alike.

Items 21 - 40 of 79  Previous1234Next
  • Triple-Digit Danger: Bank Payday Lending Persists
    Published: Mar 21 2013      Issue: Bank Payday Loans, Payday Loans

    Banks making payday loans continue to trap customers in a cycle of debt, according to a CRL study, "Triple-Digit Danger: Bank Payday Lending Persists." Banks pitch payday loans as short-term...

  • Renewed Call for Federal Action Against Bank Payday Loans
    Published: Mar 13 2013      Issue: Bank Payday Loans, Payday Loans

    Federal regulators should take immediate action to stop unaffordable, high-cost payday lending by banks. That is the key message from more than 260 groups and individuals in a letter to the heads...

  • New York Times Article on Banks Aiding Payday Loans: There's Even More to the Story
    Published: Feb 26 2013      Issue: Bank Payday Loans, Payday Loans

    On February 23, the New York Times published an article describing how some banks enable Internet payday lending. In this brief, CRL provides additional legal context to supplement that article....

  • U.S. Senators ask Regulators to Stop Bank Payday Lending
    Published: Jan 7 2013      Issue: Bank Payday Loans, Payday Loans

    Five U.S. Senators have asked the OCC, the FDIC and the Federal Reserve to stop the banks under their respective jurisdictions from making predatory payday loans. At least four big banks have...

  • CRL Comments on Proposed Rules for NCUA Payday Alternatives Loan Program
    Published: Nov 30 2012      Issue: Bank Payday Loans, Payday Loans

    CRL urges the NCUA to structure their Payday Alternatives Loan (PAL) program to reflect the broad range of alternatives, to prevent the program from operating like a series of high-cost payday...

  • CRL and NCLC Comments on Wells Fargo Payday Lending and CRA Examination
    Published: Nov 29 2012      Issue: Bank Payday Loans, Payday Loans

    Wells Fargo's direct engagement in payday lending should have a significant negative impact on their upcoming Community Reinvestment Act evaluation.

  • H.R. 6139: Payday Lender Carve-out Will Undermine Consumer Financial Protection Bureau and States
    Published: Aug 27 2012      Issue: Payday Loans

    Carve-outs for payday lenders will undermine state protections and CFPB.

  • CRL's Testimony: A National Payday Charter Is A Bad Idea
    Published: Jul 24 2012      Issue: Car Title Loans, CFPB, Installment Loans, Payday Loans

    Testimony of Kenneth W. Edwards Vice President of Federal Affairs, Center for Responsible Lending, before the House of Representatives Committee on Financial Services Subcommittee on Financial...

  • FDIC Promises Investigation of Bank Payday Lending
    Published: May 31 2012      Issue: Bank Payday Loans, Payday Loans

    The FDIC has promised that to make investigation of bank payday lending a priority investigation. In response to a letter submitted by 250 advocates, Acting Chairman Martin Gruenberg said the...

  • Comments to the Consumer Financial Protection Bureau on Payday Lending Abuses
    Published: Apr 23 2012      Issue: CFPB, Payday Loans

    Comments to the Consumer Financial Protection Bureau on payday lending abuses on behalf of several organizations concerned about the documented abuses of payday lenders.

  • Letter to Bank Regulators: Stop Bank Payday Lending
    Published: Feb 22 2012      Issue: Payday Loans

    Two hundred and fifty national, state and local organizations and individual advocates have asked bank regulators to stop banks from making predatory payday loans, which carry triple-digit annual...

  • Predatory Payday Lending
    by Banks on the Rise

    Published: Dec 2 2011      Issue: Payday Loans

    Four big banks are making payday loans to customers, stripping funds from their checking accounts in a cycle of debt near 400% annual interest.

  • AFR Sign-on to OCC on Overdraft and Bank Payday
    Published: Aug 9 2011      Issue: Overdraft Loans, Payday Loans

    Consumer groups fear OCC proposed guidance may legitimize and facilitate the spread of payday lending by national banks, and banks would continue abusive overdraft practices—harming bank customers,...

  • Big Bank Payday Loans
    Published: Jul 21 2011      Issue: Payday Loans

    A new CRL report describes how banks are adding predatory payday loans to their arsenal of inappropriate loan products. These loans drain cash from low-income Americans.

  • Payday Loans, Inc: Short on Credit, Long on Debt
    Published: Mar 31 2011      Issue: Payday Loans

    New CRL research tracking borrowers over two years dispels the notion that a payday loan is a short-term debt. Although marketed and advertised as a quick solution to an occasional financial...

  • Military and Payday
    Published: Nov 22 2010      Issue: Payday Loans

    Military and Payday: Congress acted to protect military families from this predation by including a measure in the Defense Authorization Act of 2006 that prohibits payday and title lenders from...

  • Map of US Payday Stores per Household
    Published: Nov 1 2010      Issue: Payday Loans

    This color-coded map of payday stores by household reveals a disturbing pattern. Southern states are among the most targeted for these high-cost, low-dollar loans.

  • High-Cost Payday Lending Traps Mississippi Borrowers
    Published: Jul 26 2010      Issue: Payday Loans

    The state of Mississippi is gearing up for a legislative battle as the expiration of a law approaches in 2012. If the law sunsets as scheduled, payday lenders will no longer be exempt from a 36...

  • Payday lenders pose as brokers to evade interest rate caps
    Published: Jul 16 2010      Issue: Payday Loans

    In recent years, a growing number of states have enacted interest rate caps and other protections to eliminate abusive payday lending practices that trap consumers in long term debt. Payday lenders...

  • Comments on NCUA's Notice of Proposed Rulemaking on Short-term, Small Amount Loans
    Published: Jul 6 2010      Issue: Payday Loans

    Comments of the Center for Responsible Lending on the Notice of Proposed Rulemaking on Short-term, Small Amount Loans from National Credit Union Administration--12 CFR Part 701--RIN 3133-AD71....

Items 21 - 40 of 79  Previous1234Next