Analysis of the FDIC guidance that stopped the "rent-a-charter" scheme that payday lenders were using to operate in states where they were illegal. FDIC issued strict guidelines under which their insured banks could partner with payday lenders.

CRL feels OCC’s guidance for national banks is no substitute for meaningful and effective legislative efforts at the state and federal level.

Report concludes that prepayment penalties are more frequent with subprime loans and that there is no interest rate benefit when a prepayment penalty is included.

Report concludes that prepayment penalties are more frequent with subprime loans and that there is no interest rate benefit when a prepayment penalty is included.

Payday lenders offer defective product, claiming if fills need for access to credit

Report discussing the costly effects of the current RAL market, makes the case that a well-designed RAL program can actually benefit consumers, and provides guidance on evaluating and developing a worthwhile RAL program.

Brief overview of tax refund products with discussion of the three major products: RALs, RACs and Stored Value Cards. Explores ways to design better versions of each product that meet market demand in a more consumer-friendly way.

CRL ask the FED to put overdraft loans under the Truth in Lending Act under the grounds that they are an extension of credit.

Hearing on the Office of the Comptroller of the Currency's Rules on National Bank Preemption and Visitorial Powers

In 2001, the Coalition for Responsible Lending estimated that several common predatory mortgage practices cost U.S. borrowers $9.1 billion each year. For the most part, these practices were entirely legal under the law at that time. The report concludes that the solution is reforms to state and federal lending laws.

With huge profits at stake, the payday lending industry is fighting reform efforts by positioning itself as "consumer friendly," misrepresenting the facts, and circumventing state laws.