CRL conducts in-depth research on the extent and impact of predatory lending, to provide useful information to consumers, community advocates, and policymakers alike.
- The Impact of Dodd-Frank's Home Mortgage Reforms
Published: Jul 11 2012 Issue: Mortgage Lending
CRL Senior Vice President Eric Stein emphasized the importance of defining "Qualified Mortgage" broadly to avoid shutting out creditworthy borrowers from the mortgage market. He recommended that QM...
- Comments on Qualified Mortgages to the Consumer Financial Protection Bureau
Published: Jul 9 2012 Issue: Consumer Financial Protection Bureau, Mortgage Lending
The Center for Responsible Lending, Consumer Federation of America and The Leadership Conference on Civil and Human Rights responded to the CFPB's request for comments on qualified mortgages. Much...
- Comments to CFPB on Overdraft Practices
Published: Jul 6 2012 Issue: Consumer Financial Protection Bureau, Overdraft Loans
CRL joined with CFA and NCLC to provide the CFPB (Consumer Financial Protection Bureau) with documentation of bank overdraft practices and their impact on consumers. The CFPB should stop banks from...
- Expanding, Streamlining Mortgage Refinances
Published: Jun 27 2012 Issue: Mortgage Lending
The Boxer-Menendez bill to expand refinances offers a bipartisan opportunity to help homeowners and boost the economy. The bill would more than double the number of homeowners who could refinance...
- 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...
- Are prepaid credit cards helping or hurting consumers?
Published: May 25 2012 Issue: Consumer Financial Protection Bureau, Credit Cards, Prepaid Cards
Martin Eakes remarks on prepaid cards before a CFPB field hearing.
- Regulatory Compliance Costs and Small Financial Institutions
Published: May 9 2012 Issue: Consumer Financial Protection Bureau, Mortgage Lending
CRL President Michael Calhoun testifies before a House Financial Services subcommittee on the benefits of strong lending protections. Financial reform, including the CFPB, is good for American...
- Predatory Credit Card Lending: Unsafe, Unsound for Consumers and Lenders
Published: May 8 2012 Issue: Credit Cards
What hurts consumers financially hurts business. Losses in downturns mount faster at banks enagaging in unfair, deceptive practices. High-cost penalty fees, interest rates don’t mitigate risk—as...
- Comments to the Consumer Financial Protection Bureau on Payday Lending Abuses
Published: Apr 23 2012 Issue: Consumer Financial Protection Bureau, 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.
- Deal or No Deal: How Yo-Yo Scams Rig the Game against Car Buyers
Published: Apr 4 2012 Issue: Auto Financing
This latest paper by CRL provides a clear picture of the prevalence of yo-yo scams, insight into how yo-yo scams are perpetrated, and identifies which consumers are most likely to be targeted by...
- Summary of National Mortgage Settlement
Published: Mar 14 2012 Issue: Mortgage Lending
Forty-nine state attorneys generals and two government agencies have reached a $25 billion agreement with the nation's five largest mortgage servicers to address mortgage loan servicing and...
- 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...
- National mortgage Settlement is a game-changer
Published: Feb 17 2012 Issue: Mortgage Lending
A lawsuit highlights possible foreclosure fraud, as loan servicing employees admit they don’t actually review foreclosure documents; instead they do "robo-signing.
- America's Top Consumer Cop Reports to Congress
Published: Jan 31 2012 Issue: Consumer Financial Protection Bureau
The Consumer Financial Protection Bureau (CFPB) delivered its first agency’s first report to Congress January 31, 2012
- Highlights of the New Credit Card Rules: What They Do and Don’t Do
Published: Jan 26 2012 Issue: Credit Cards
Credit CARD Act of 2009 – Learn what the law does and does not cover.
- Balancing Risk and Access: Underwriting Standards for Qualified Residential Mortgages
Published: Jan 18 2012 Issue: Mortgage Lending
Mandatory down payments on mortgages would put fairly-priced loans out of reach for millions of creditworthy families.
- Comments on the Federal Housing Finance Agency Joint Initiative on Mortgage Servicing Issues
Published: Dec 27 2011 Issue: Mortgage Lending
FHFA has the mandate and the opportunity to improve mortgage servicing practices. CRL recommends incentives to encourage better service by loan servicers and to promote more timely and effective...
- 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.
- Foreclosure Counseling: Areas of Greatest Need in 2011
Published: Dec 1 2011 Issue: Mortgage Lending
Which areas of the U.S. have been hardest hit by the foreclosure crisis in 2011? Which areas have the greatest need for foreclosure counselors? This report analyzes 366 metropolitan and 577...
- Facing the Foreclosure Crisis:
Four Urgent Needs to Address Now.
Published: Nov 29 2011 Issue: Mortgage Lending
This policy brief is a companion piece to CRL's foreclosure research, "Lost Ground, 2011." Here we discuss practical policies that would help stop the foreclosure epidemic and restore confidence in...