CRL conducts in-depth research on the extent and impact of predatory lending, to provide useful information to consumers, community advocates, and policymakers alike.
- Interest Rate Survey
Published: Mar 30 2009 Issue: Car Title Loans, Payday Loans
CRL conducted a national survey to measure public support for one strategy on the table: a 36 percent cap on annual interest rates for consumer loans. The survey found high levels of support for...
- Predatory Profiling
Published: Mar 26 2009 Issue: Payday Loans
New CRL analysis finds that California's payday lenders overwhelmingly locate in African-American and Latino neighborhoods, even after controlling for income and other factors, and drain $247...
- Payday Loans Put Families in the Red
Published: Feb 20 2009 Issue: Overdraft Loans, Payday Loans
Explains how payday lending does not help borrowers avoid overdraft fees in spite of industry claims.
- A 36% APR Cap on High-Cost Loans Promotes Financial Recovery
Published: Jan 31 2009 Issue: Payday Loans
Explains the importance of a federal 36% interest rate cap in stopping predatory lending and stimulating the economy.
- Wealth-stripping payday loans trouble communities of color
Published: Oct 2 2008 Issue: Payday Loans
An examination of payday lending storefront locations in Maricopa and Pima Counties—in which over three-quarters of Arizona payday lenders are located—reveals a pattern of these stores clustering...
- High-Cost Payday Lending Traps Arizona Borrowers
Published: Sep 16 2008 Issue: Payday Loans
CRL looks at payday lending in Arizona, where $149 million per year are stripped from working families in unfair payday lending fees.
- Ohio Payday Hearing
Published: May 7 2008 Issue: Payday Loans
Testimony of Uriah King, Center for Responsible Lending before the Ohio Senate Finance and Financial Institutions Committee
- Comment: Implementation of Military Lending Amendment
Published: Feb 26 2008 Issue: Car Title Loans, Credit Cards, Mortgage Lending, Overdraft Loans, Payday Loans, Refund Anticipation Loans
Comments on Implementation of Limitations on Terms of Consumer Credit Extended to Service Members and Dependents
- Springing the Debt Trap
Published: Dec 13 2007 Issue: Payday Loans
CRL analysis of states that have tried to reform payday lending, finding that only the 36% rate cap has worked.
- Springing the Debt Trap-Exec Summary
Published: Dec 13 2007 Issue: Payday Loans
Executive summary of Springing the Debt Trap - outlines what reforms states have tried, documents that none have worked except for the 36% rate cap.
- CRL Critique of “Payday Holiday: How Households Fare After Payday Credit Bans” by Donald P. Morgan and Michael R. Strain
Published: Dec 10 2007 Issue: Payday Loans
A working paper by a staffer at the Fed Bank of NY is fundamentally flawed, offers no valid information, and is being used to justify policy that keeps low-wealth borrowers trapped in...
- The Payment Plan Smokescreen
Published: Jun 4 2007 Issue: Payday Loans
Facing increasing scrutiny of the problems caused by payday lending, the industry trade group recently announced a new public relations campaign that claims to address the problem of loan flipping...
- Foreclosure, Predatory Mortgage and Payday Lending
Published: Mar 21 2007 Issue: Mortgage Lending, Payday Loans
Testimony discusses development of subprime market, inequities and foreclosures having a devastating effect in areas including urban areas with high concentrations of minorities
- Comment: To Department of Defense on Military Lending Act
Published: Feb 8 2007 Issue: Car Title Loans, Payday Loans
Comments on Military Lending Act submitted to Department of Defense by Consumer Coalition on Feb. 5, 2007.
- Small Loan CRA Comment
Published: Feb 2 2007 Issue: Car Title Loans, Overdraft Loans, Payday Loans
CRL Comment to the Federal Deposit Insurance Corporation on its proposed guidelines for affordable small-dollar loans.
- CRL Review of "Defining and Detecting Predatory Lending" by Donald P. Morgan, Federal Reserve Bank of NY, January 2007
Published: Jan 23 2007 Issue: Payday Loans
CRL critiques faulty research report by Don Morgan, which attempts to compare states with and without payday lending but misidentifies many of those states.
- Financial Quicksand: Payday lending sinks borrowers in debt with $4.2 billion in predatory fees every year
Published: Nov 30 2006 Issue: Payday Loans
CRL research report finds that payday lending costs Americans $4.2 billion per year in fees.
- Georgia's Payday Loan Law: A Model for Preventing Predatory Payday Lending
Published: Jun 29 2006 Issue: Payday Loans
Brief analysis of Georgia's law preventing payday lenders from circumventing their consumer credit interest rate cap and other protections.
- North Carolinians can sue abusive payday lenders without going to arbitration
Published: Jun 19 2006 Issue: Payday Loans
CRL's amicus brief in support of the plaintiffs in Kucan v. Advance America. CRL argues that consumers who received payday loans, which have been declared illegal by North Carolina regulators,...
- Payday lenders cannot avoid state laws by partnering with banks
Published: Apr 19 2006 Issue: Payday Loans
CRL's amicus brief in support of Georgia Attorney General Baker in Bankwest v. Baker. CRL argues that the Federal Deposit Insurance Act does not provide payday lenders with the benefit of...