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

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  • Phantom Demand: Short-term due date generates need for repeat payday loans, accounting for 76% of total volume
    Published: Jul 9 2009      Issue: Payday Loans

    CRL analysis reveals that a sizeable majority of payday lending volume is generated by payday debt itself—borrowers need to open a new loan shortly after repaying a previous loan because repayment...

  • Financial Reform that Protects Consumers
    Published: Jun 25 2009      Issue: Auto Financing, Car Title Loans, Credit Cards, Mortgage Lending, Overdraft Loans, Payday Loans, Refund Anticipation Loans

    For years, federal bank regulators looked the other way; now Congress has a chance to reform our system of checks and balances, make banks accountable, and protect consumers from abusive financial...

  • Financial Reform that Protects Consumers
    Published: Jun 25 2009      Issue: Auto Financing, Car Title Loans, Credit Cards, Mortgage Lending, Overdraft Loans, Payday Loans, Refund Anticipation Loans

    For years, federal bank regulators looked the other way; now Congress has a chance to reform our system of checks and balances, make banks accountable, and protect consumers from abusive financial...

  • Regulatory Restructuring: Enhancing Consumer Financial Products Regulation
    Published: Jun 24 2009      Issue: Auto Financing, Car Title Loans, Consumer Financial Protection Bureau, Credit Cards, Mortgage Lending, Overdraft Loans, Payday Loans, Refund Anticipation Loans

    Kathleen Keest, Senior Policy Counsel at CRL, testified before the House Financial Services Committee on CRL's support for a strong, state-of-the-art consumer protection agency for financial...

  • APR Matters on Payday Loans
    Published: Jun 23 2009      Issue: Payday Loans

    CRL explores the payday lending industry’s attempt to deny the importance of the APR, or annual percentage rate of interest, in disclosing the cost of their 400 percent interest product, which...

  • Testimony of Kathleen Keest In Regards To HR 2309
    Published: May 12 2009      Issue: Auto Financing, Credit Cards, Financial Literacy, Overdraft Loans, Payday Loans

    Testimony of Kathleen E. Keest on behalf of the Center for Responsible Lending, Consumer Federation of America, and the National Consumer Law Center before the Subcommittee on Commerce, Trade and...

  • 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-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.

  • 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.

  • 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.

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