- Facts are Facts: Auto Dealer Interest Rate Markups Cost Consumers
By Mike Calhoun 08 May 2015
A recent blog on the Washington Post site took Senator Elizabeth Warren to task for citing a statistic in a report from the Center for Responsible Lending (CRL). Our report quantified the amount that consumers pay in auto dealer markups.
- Martin Eakes Honored by Princeton University
By Millree Williams 26 Feb 2015
CRL founder and CEO Martin Eakes received Princeton University’s James Madison Medal on Saturday, February 21, 2015 during the university’s 100th anniversary of Alumni Day. Queen Noor of Jordan, Princeton alumna, was also honored.
- CRL Identifies Risks Lurking in the Subprime Auto Market
By Chris Kukla 04 Feb 2015
Media outlets continue to report on the potential dangers of the rise in subprime auto lending. Auto lenders, particularly in the subprime auto lending market, are increasingly using risky practices to fuel lending growth.
- CFPB Tweaks Forward Mortgage Disclosure Rules
Reverse Mortgage Daily 20 Jan 2015
The Consumer Financial Protection Bureau's (CFPB's) new forward mortgage disclosure rules have been finalized and will go into effect on Aug. 1.
- Looser Credit for Home Buyers
New York Times 18 Jan 2015
An analysis by the Urban Institute's Housing Finance Policy Center indicates that FHA-backed loans will be more attractive to the most creditworthy borrowers when insurance premiums on the loans drop ...
- Homeowners Billed for Houses Lost in Foreclosure
Boston Globe 18 Jan 2015
Thousands of people nationwide are finding themselves on the hook for "mortgage deficiencies," or tens of thousands to hundreds of thousands of dollars related to the homes they lost in ...
- Poll: Utahns Favor Limits on Payday Loans
Utah Policy Daily 15 Jan 2015
Payday loans are likely to re-surface as a legislative target this year in Utah, where a December survey has found that most of the state's residents believe tighter control of the industry is ...
- Chattanooga Seeks to Limit Payday Lending and Title Pawns
Chattanooga Times Free Press 13 Jan 2015
The Chattanooga-Hamilton County Regional Planning Commission in Tennessee on Jan. 12 unanimously approved a proposed zoning amendment that would prevent alternative financing businesses, including ...
- Credit Counselor Has Ties to High-Interest Lenders
Wall Street Journal 13 Jan 2015
Howard S. Dvorkin, founder and former president of Consolidated Credit Counseling Services Inc., also owns interests in businesses that provide services to payday lenders, a Wall Street Journal ...
- Miss a Car Payment? N.J. Bill Would Ban Remote Kill Switch
South Jersey Times (NJ) 12 Jan 2015
New Jersey Assemblymen Paul Moriarty and Angel Fuentes have sponsored a measure that would ban the use of "kill-switch" remote shut-down technology that car dealers or loan lenders use to enforce ...