CRL conducts in-depth research on the extent and impact of predatory lending, to provide useful information to consumers, community advocates, and policymakers alike.
- Payday Loans, Inc: Short on Credit, Long on Debt
Published: Mar 31 2011 Issue: Payday Loans
New CRL research tracking borrowers over two years dispels the notion that a payday loan is a short-term debt. Although marketed and advertised as a quick solution to an occasional financial...
- Fix or Evict? Loan Modifications Return More Value Than Foreclosures
Published: Mar 23 2011 Issue: Mortgage Lending
CRL's new research reveals banks and other loan servicers have a strong foreclosure bias that cheats investors. Banks push for foreclosures even when investors benefit more with a loan mod.
- Numbers Game: The True Cost of Credit Card Mail Offers
Published: Oct 25 2010 Issue: Credit Cards
Credit card offers have grown increasingly complex over time. Using a straightforward measure of complexity—the total number of numeric figures that appear on a credit card direct mail offer—this...
- A National Tragedy: HMDA Data Highlight Homeownership Setbacks for African Americans and Latinos
Published: Sep 24 2010 Issue: Mortgage Lending
Borrowers of color received more unsustainable loans, suffer more than their share of foreclosures, and have less access to credit. The result is that homeownership rates have gone down for...
- Analysis of Federal Reserve Research on Behavioral Scoring
Published: Aug 11 2010 Issue: Credit Cards
Analysis of Federal Reserve Research on Behavioral Scoring: On “Report to the Congress on Reductions of Consumer Credit Limits Based on Certain Information as to Experience or Transactions of the...
- Banks Target, Mislead Consumers As Overdraft Deadline Nears
Published: Aug 5 2010 Issue: Overdraft Loans
Banks want you to allow your checking account to be subject to overdraft fees from debit card purchases.
- Foreclosures by Race and Ethnicity: The Demographics of a Crisis
Published: Jun 18 2010 Issue: Mortgage Lending
Center for Responsible Lending report sheds light on the nation's foreclosure crisis by using government and industry data to estimate the number of foreclosures in recent years and their impact by...
- A “Foreclosure Capital” in the Shadow of the Nation’s Capital
Published: Jun 18 2010 Issue: Mortgage Lending
In Prince George's County, where African Americans are a majority, an alarming number of black families are struggling to fight foreclosure. Louise Golden's story highlights the impact of the...
- A Just Fee or Just a Fee?
Published: Jun 8 2010 Issue: Credit Cards
CRL research report finds that even after the new credit card law and credit card reform, credit card late fees still penalize cardholders while increasing profits for credit card banks and credit...
- Capitalizing on New Credit Card Consumer Protections
Published: May 6 2010 Issue: Credit Cards
This brief explains the benefits of credit card reform by showing that cardholders paying more than the credit card minimum payment since the passage of the new credit card law, the Credit CARD Act...
- Racial Disparities in Auto Lending
Published: May 4 2010 Issue: Auto Financing, Consumer Financial Protection Bureau
A brief by the National Consumer Law Center shows state-by-state markups on auto loan rates by race, revealing wide disparities between costs for African-American and white car buyers.
- Snapshot of a Foreclosure Crisis
Published: Mar 17 2010 Issue: Mortgage Lending
The magnitude of foreclosures and associated costs are daunting; the numbers tell the story.
- Dodging Reform: As Some Credit Card Abuses Are Outlawed, New Ones Proliferate
Published: Dec 10 2009 Issue: Credit Cards
New CRL credit card research identifies hidden and deceptive credit card issuer tricks and traps continue, even after the passage of the Credit CARD Act of 2009 and pending Federal reserve rules....
- Mortgage Repairs Lag Far Behind Foreclosures
Published: Dec 4 2009 Issue: Mortgage Lending
Mortgage companies have blocked sensible actions to stop foreclosures, promising to fix the problem themselves – but they’re not delivering. The latest MBA figures show that the proportion of...
- Overdraft Explosion: Bank fees for overdrafts increase 35% in two years
Published: Oct 6 2009 Issue: Overdraft Loans
Banks and credit unions collected $23.7 billion in overdraft fees in 2008.
- Research Comment: On “Liar’s Loan? Effects of Origination Channel and Information Falsification on Mortgage Delinquency”
Published: Sep 24 2009 Issue: Mortgage Lending
While the study will be a valuable contribution to the existing literature on loan delinquency, the authors should consider several adjustments as they move to a final analysis.
- Phantom Demand: Short-term due date generates need for repeat payday loans, accounting for 76% of total volume
Published: Jul 9 2009 Issue: Payday Loans
CRL analysis reveals that a sizeable majority of payday lending volume is generated by payday debt itself—borrowers need to open a new loan shortly after repaying a previous loan because repayment...
- APR Matters on Payday Loans
Published: Jun 23 2009 Issue: Payday Loans
CRL explores the payday lending industry’s attempt to deny the importance of the APR, or annual percentage rate of interest, in disclosing the cost of their 400 percent interest product, which...
- Stacked Deck: A Statistical Analysis of Forced Arbitration
Published: May 31 2009 Issue: Credit Cards, Mandatory Arbitration
Mandatory arbitration study. CRL's analysis shows consumers lack rights in forced arbitration (binding mandatory arbitration). Almost all credit card contracts with major issuers contain a hidden...
- Car Trouble: Predatory Auto Loans Burden North Carolina Consumers
Published: Apr 30 2009 Issue: Auto Financing
Center for Responsible Lending research finds North Carolina consumers who rely on the dealer to finance their auto loans are vulnerable to a litany of predatory practices. Without fairness and...