Public Chapter 440 of the Acts of 2005 significantly amends the Tennessee Title Pledge Act (“Act”), set forth in Title 45, Chapter 15, regarding the operation and regulation of the title pledge industry. Specifically, Public Chapter 440 subjects the title pledge industry to licensing and examination by the Department of Financial Institutions (“Department”).

Comment to Federal Reserve on proposals regarding Open-End Credit Implementation of the Bankruptcy Amendments of 2005, December 16, 2005.

The Center for Responsible Lending submits these comments on the proposed rules, ere part of a larger package of preemption rules urged upon the FDIC by the Financial Services Roundtable.

The fear of overwhelming credit card debt is driving many Americans to hand their equity back to mortgage lenders in the form of "cash-out" refinances. Rather than generating cash to invest in the family's future or cover short term emergencies, cash-out refinances frequently serve as equity-draining transactions that only repay ("consolidate") short-term debts, such as credit card balances. Worse, the benefits of refinancing are often temporary, as homeowners build up additional new credit card debt and start the refinance process again.

This 2005 survey provides new information about why households are in credit card debt, how long they have carried their debt and the impact this debt has had on their economic security. American families are turning to credit cards to make ends meet in an increasingly volatile economy.

Predatory payday lending costs military families over $80 million in abusive fees every year.

Paper argues for more strict regulation of mortgage brokers

Overview and comments pertaining to Fed Reserve's analysis of HMDA data

Report concludes that automated compliance technologies are economical and serve to decrease predatory lending and the incidence of foreclosures.

Report finds serious flaws in research done by NHEMA which looked at mortgage lending in NJ and PA

Ernst urges reform of Home Mortgage Disclosure Act (HMDA)

CRL report finds unauthorized overdrafts cost American $10 billion per year, and that they are effectively high-cost loans

Testimony states that authorizing state banks to disregard banking laws of sister-states is a problem of constitutional magnitude that would deprive state assemblies of an essential regulatory role

Eakes urges reform of the subprime mortgage market

Research report from CRL and CFA documenting the cost of title loans, the predatory terms, and the best solutions.

Eakes lauds FHLBs and makes suggestions for improvement

Makes correlation between predatory/payday lending and the impact on the military and local communities