- Abusive Lending Denies Latinos Their American Dream
By Mike Calhoun and Noel Poyo 14 Oct 2015
As the month-long observance of Hispanic Heritage Month concludes, we must acknowledge that much more needs to be done to ensure that Latino families have the opportunity to more fully participate in a financial marketplace that is fair and responsible.
- 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 ...
- 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 ...
- 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 ...