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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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  • Qualified Residential Mortgages: Down Payment Rules Threaten Home Buyers—and the Economy
    Published: Aug 31 2012      Issue: Mortgage Lending

    The housing market of the future can drive economic growth without shutting out responsible home buyers. Find reports, data and other resources on Qualified Residential Mortgages.

  • Letter to Regulators on Down Payments (QRM Requirements)
    Published: Aug 30 2012      Issue: Mortgage Lending

    CRL and six other organizations submit comments to regulators explaining why government-mandated down payments would be damaging to lower- and middle-income families and the housing market as a whole.

  • "Qualified Residential Mortgages" -- the Negative Impact of a Government-Mandated 10 Percent Down Payment
    Published: Aug 29 2012      Issue: Mortgage Lending

    On August 29, 2012, CRL and several other organizations submitted a letter to federal and financial regulators opposing a government-mandated down payment requirement as part of the pending...

  • H.R. 6139: Payday Lender Carve-out Will Undermine Consumer Financial Protection Bureau and States
    Published: Aug 27 2012      Issue: Payday Loans

    Carve-outs for payday lenders will undermine state protections and CFPB.

  • Comment to CFPB: The financial exploitation of older Americans
    Published: Aug 20 2012      Issue: Consumer Financial Protection Bureau

    CRL told the CFPB of abusive financial practices against older Americans. More than 13 million older adults live on $21,800 a year or less. Further, the average credit card debt for these consumers...

  • Comments on Enterprise Housing Goals
    Published: Jul 31 2012      Issue: Mortgage Lending

    The Center for Responsible Lending, Consumer Federation of America, and Empire Justice Center submitted comments to the Federal Housing Finance Agency on a proposed rule for the 2012-2014...

  • CRL Tells CFPB: Prepaid Cards Lack Consumer Protections
    Published: Jul 24 2012      Issue: Credit Cards, Prepaid Cards

    The CFPB should prohibit overdraft and credit features on prepaid cards.

  • CRL's Testimony: A National Payday Charter Is A Bad Idea
    Published: Jul 24 2012      Issue: Car Title Loans, Consumer Financial Protection Bureau, Installment Loans, Payday Loans

    Testimony of Kenneth W. Edwards Vice President of Federal Affairs, Center for Responsible Lending, before the House of Representatives Committee on Financial Services Subcommittee on Financial...

  • No Credit Crunch: The CFPB and Consumer Access to Credit
    Published: Jul 24 2012      Issue: Consumer Financial Protection Bureau, Mortgage Lending

    Mike Calhoun, CRL President, testified that lack of regulation led to the foreclosure crisis. The Dodd-Frank reforms and CFPB are important reforms to prevent a future housing crisis, and will be...

  • 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...

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