Research & Analysis
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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. We also share our market and legal knowledge with advocates and policymakers across the nation interested in reforming lending practices. Below you will find CRL research and analyses on a range of topics.
Want more information? Go to the Tools & Resources page, or check out our Resources for Consumers, Policymakers, Allies, and Litigators pages. A good external source for research on predatory lending and related issues is www.knowledgeplex.org
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- Examining the Making Home Affordable Program
March 19, 2009
Testimony of CRL Senior Policy Counsel Ellen Harnick before House Financial Services Subcomittee on Housing and Community Opportunity.
- Mortgage Lending Reform: A Comprehensive Review of the American Mortgage System
March 11, 2009
Comprehensive testimony detailing the current state of the mortgage system, the reasons it is broken, and the steps and tools needed to stem the massive growth of foreclosures.
- Massachusetts Fights "Exploding" Subprime Mortgages
February 26, 2009
CRL applauds Massachusetts AG for using consumer protection laws, specifically the unfair or deceptive acts or practices (UDAP) law, to stop foreclosures on unfair subprime loans
- Payday Loans Put Families in the Red
February 20, 2009
Explains how payday lending does not help borrowers avoid overdraft fees in spite of industry claims.
- Highlights of the New Housing Plan
February 20, 2009
Highlights of President Obama's plan to address the housing crisis
- Promoting Bank Liquidity and Lending Through Deposit Insurance, The HOPE for Homeowners Program, And Other Enhancements
February 3, 2009
Testimony re: H.R. 703, a bill to promote bank liquidity and lending through deposit insurance, the HOPE for Homeowners program, and other enhancements.
- A 36% APR Cap on High-Cost Loans Promotes Financial Recovery
January 31, 2009
Explains the importance of a federal 36% interest rate cap in stopping predatory lending and stimulating the economy.
- Common-Sense Solutions for Saving Homes and Communities
January 30, 2009
CRL proposes four policy recommendations that focus on removing obstacles that prevent systematic, sustainable loan modifications
- CRL’s Summary of Credit Suisse Findings on Bankruptcy Reform
January 29, 2009
Excerpts from Credit Suisse report which discussed bankruptcy reform
- A Tax-Free Foreclosure Solution: Loan Mods Through the Courts
January 28, 2009
Report advocates use of Court-supervised loan modifications without using public funds in order to preserve home values and provide fair terms to lenders
- Key Tool for Stabilizing the Housing Market
January 23, 2009
Report advocates the use of court-supervised loan modifications in bankruptcy
- Reducing Foreclosures without Cost to Taxpayers
January 23, 2009
Overview and endorsement of The Helping Families Save Their Homes in Bankruptcy Act of 2009 (S 61 and HR 200)
- Priorities for the Next Administration: Use of TARP Funds under EESA
January 13, 2009
Michael D. Calhoun, President, CRL
- Continued Decay and Shaky Repairs: The State of Subprime Loans Today
January 8, 2009
Update on subprime mortgages and current crisis, focusing on loan performance and foreclosures.
- Priceless or Just Expensive? The Use of Penalty Rates in the Credit Card Industry
December 16, 2008
While credit card companies compete to offer the lowest "headline" rates in solicitations, they also depend on less obvious tactics to boost their financial returns. Repricing customers based on penalty triggers is a common revenue-boosting strategy. This CRL study shows that penalty repricing leads people to underestimate the interest they are paying and that credit card issuers try to keep it that way. Furthermore, it shows that penalty repricing is increasingly common and there is a growing disparity between the size of the penalty and what consumers expect to pay.
- What's Draining Your Wallet? The Real Cost of Credit Card Cash Advances
December 16, 2008
This report demonstrates that credit card “payment allocation” policy can be both expensive and confusing for credit card customers and shows that allocating payments to the lowest rate first is harmful to borrowers, highly deceptive, and inconsistent with risk-based pricing.
- Experts Support Judicial Loan Modification
December 12, 2008
List of quotes from experts in support of allowing bankruptcy judges discretion to modify terms of mortgage for a principle residence.
- State & Local Foreclosure Prevention Policy Options
November 21, 2008
Report summarizes state and local policy options for reducing foreclosures
- Helping Families Save Their Homes: The Role of Bankruptcy Law
November 19, 2008
Testimony points to need for decisive policy actions to realign interests of homebuyers and institutions that provide the loans and the entities that invest in those mortgages
- Oversight of the Emergency Economic Stabilization Act: Examining Financial Institution Use of Funding Under the Capital Purchase Program
November 13, 2008
Urges effective policies to maximize number of families who stay in their homes. Urges Treasury and Congress to support loan modifications