Report 1: America’s Household Balance Sheet and Abusive Practices in Traditional Lending
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In the first report in the State of Lending series, CRL finds that predatory lending continues to undermine American households trying to rebuild their post-recession finances. This first report gives an in-depth view of U.S. households' income, spending, debt, and wealth. It also examines mortgage lending, auto loans, credit cards, and student loans.
The study shows that consumers are better off because of new, stronger protections on mortgages and credit cards. But it also finds that consumers are paying billions of dollars in extra costs from abusive lending practices that still exist.
Download the report or read it below.
Published: December 12, 2012