Skip to main content
Home

Main navigation

  • About CRL
    • Staff
    • Board of Directors
    • FAQs
    • Careers
    • Impact
  • Issues
    • Consumer Finance
    • Debt Collection & Settlement
    • Mortgage Lending
    • Overdraft Fees
    • Payday and Other Small Dollar Loans
    • Small Business
    • Student Loans
  • Research & Policy
  • Newsroom
    • CRL in the News
    • Press Releases
  • Contact Us
  • Search
  • Donate

Main menu

  • About CRL
    • Staff
    • Board of Directors
    • FAQs
    • Careers
    • Impact
  • Issues
    • Consumer Finance
    • Debt Collection & Settlement
    • Mortgage Lending
    • Overdraft Fees
    • Payday and Other Small Dollar Loans
    • Small Business
    • Student Loans
  • Research & Policy
  • Newsroom
    • CRL in the News
    • Press Releases
  • Contact Us
  • Search
  • Donate

Consumer Finance

Consumer Finance

CRL monitors developments across the consumer finance sector and acts to protect people’s pocketbooks from financial misconduct so families can build financial stability. This includes advocating for enforcement of laws banning discrimination based on race, national origin, sex, and other protected characteristics. CRL also fights to defend the Consumer Financial Protection Bureau, a crucial government watchdog that was established in the wake of the 2008 Financial Crisis to stop predatory practices. 

Filter Results

Wednesday, October 25, 2023

Testimony of Mitria Spotser on Preserving Consumer Protections While Modernizing Financial Services

Watch the recorded testimony of Mitria Spotser before United States House of Representatives Committee on Financial Services on the importance of protecting consumers in an evolving marketplace.
Testimony
Consumer Finance

Tuesday, October 24, 2023

Advocates Warn Earned Wage Access Bill Facilitates Fintech & Payday Lender Harm to Consumers

In a letter to the author of the Earned Wage Access Consumer Protection Act, advocates warn: "In the guise of offering protections, the bill obscures its true effect: to exempt fintech cash advances from the Truth in Lending Act, to endorse a form of loan that makes workers pay to be paid, and to facilitate new evasions by payday lenders ." The bill, currently a discussion draft, was considered as part of a House Financial Services Subcommittee hearing "Modernizing Financial Services Through Innovation and Competition," held on October 25, 2023— a hearing that the Center for Responsible...
Letters to Congress
Consumer Finance Small Business

Tuesday, October 24, 2023

Advocates Warn Financial Services Innovation Act Would Cause "Sahara Desert" of Consumer Protections

In a letter to the House of Representatives' Financial Services Committee, consumer advocates warn that the Financial Services Innovation Act of 2023 would facilitate evasion of existing consumer protection laws and regulations. Citing the foreclosure crisis around 2008 and other examples, the letter states: "Blind endorsement of 'innovations' leads to consumer harms." The bill, currently a discussion draft, was considered as part of a House Financial Services Subcommittee hearing "Modernizing Financial Services Through Innovation and Competition," held on October 25, 2023— a hearing that the...
Letters to Congress
Consumer Finance Small Business

Thursday, October 5, 2023

Waiving Criminal Court Fees Prevents Harms of Civil Debt

Many people involved in the criminal legal system live on the economic margins. Most defendants are unable to hire their own lawyer due to indigency. In North Carolina, the average person in prison doesn’t have a high school diploma. The cost of involvement in the criminal legal system can quickly add up to thousands of dollars, but the people expected to pay these costs often don’t have the financial resources to do so. Debt that results from this involvement can be difficult or impossible for them to pay off. North Carolina law provides a number of ways for court officials to attempt to...
Research
Consumer Finance

Friday, September 29, 2023

Quick Take Video on Supreme Court Case that Imperils Financial System

In September, the Supreme Court heard oral arguments for a lawsuit that could abruptly and permanently close the Consumer Financial Protection Bureau – which would not only harm consumers and businesses but would also cause economic chaos.
Policy & Legislation
Consumer Finance

Friday, September 29, 2023

Voters Overwhelmingly Support the Consumer Bureau’s Mission Across Party Lines

New data from the bipartisan polling team Lake Research Partners and Chesapeake Beach Consulting shows that voters across the political spectrum overwhelmingly support the ongoing mission of the Consumer Financial Protection Bureau (CFPB) to regulate the financial industry and protect consumers. The survey also revealed strong support for maintaining the secure, independent funding mechanism for the CFPB. These new findings are consistent with over 10 years of opinion research demonstrating strong public support for the agency’s role and work. Voters are strongly supportive of a variety of...
Research
Consumer Finance Small Business

Monday, July 3, 2023

Comment to CFPB on Abusive Acts and Practices

The Consumer Financial Protection Bureau (CFPB) issued a Policy Statement on Abusive Acts and Practices and invited comments from the public. The Center for Responsible Lending applauds the CFPB for its efforts to further clarify abusive acts and practices. The Center further offers insights into how the statement may be strengthened to clarify the ways these acts take unreasonable advantage of a consumer’s inability to protect their interests in selecting or using a product.
Comment Letter
Consumer Finance Debt Collection & Settlement Mortgage Lending Overdraft Fees

Tuesday, June 6, 2023

Letter for House Hearing: “Uncertain Debt Management: Treasury Markets and Financial Institutions”

From the letter: We strongly believe many of the reforms being considered today will harm consumers and the financial markets. These misguided approaches will place every American taxpayer at risk by increasing the likelihood that our nation’s economy may suffer yet another financial crisis. There are two proposals that are especially concerning. The first increases the asset thresholds at which financial institutions become subject to regulatory oversight. There are more than 4,000 banks in the United States, and this legislative draft would exempt all but 50 from having to comply with...
Letters to Congress
Consumer Finance

Tuesday, June 6, 2023

Letter for House Hearing: “Uncertain Debt Management: Treasury Markets and Financial Institutions”

From the letter: We strongly believe many of the reforms being considered today will harm consumers and the financial markets. These misguided approaches will place every American taxpayer at risk by increasing the likelihood that our nation’s economy may suffer yet another financial crisis. There are two proposals that are especially concerning. The first increases the asset thresholds at which financial institutions become subject to regulatory oversight. There are more than 4,000 banks in the United States, and this legislative draft would exempt all but 50 from having to comply with...
Letters to Congress
Consumer Finance

Monday, May 15, 2023

Amici Brief from Center for Responsible Lending, Self-Help, and NALCAB in Support of the CFPB

The CFPB plays an integral role in the nation’s financial system. The Bureau’s work ensures that the system functions in a manner that is responsive to the interests of all market participants—consumers, large financial entities, and smaller institutions like Amici . Congress’s chosen method of funding the Bureau underpins the Bureau’s ability to do this important work, free from the outsized influence of any one market segment. Petitioners’ brief convincingly demonstrates that nothing in the text or history of the Constitution—or any decisions of this Court—supports the Fifth Circuit’s...
Amicus Brief
Consumer Finance

Pagination

  • Current page 1
  • Page 2
  • Page 3
  • Page 4
  • Page 5
  • Page 6
  • Page 7
  • Page 8
  • Page 9
  • …
  • Next page ››
  • Last page Last »
Displaying 1 - 10 of 112

Issues

  • Consumer Finance
  • Debt Collection & Settlement
  • Mortgage Lending
  • Overdraft Fees
  • Payday and Other Small Dollar Loans
  • Small Business
  • Student Loans

Support CRL

CRL circle

CRL operates on contributions from individuals and institutional funders. 

Donate Now 

Thank you for your support!

© 2023 Center for Responsible Lending. 
All rights reserved. 

Center for Responsible Lending 
302 West Main Street, 
Durham, NC 27701 
(919) 313-8500 

District of Columbia Office 
910 17th Street NW, Suite 800, 
Washington, DC 20006 
(202) 349-1850 

California Office 
1970 Broadway Suite 350, 
Oakland, CA 94612 
(510) 379-5500

Join Our Mailing List  
Sign up for updates on the fight against predatory lending.

Join a Mailing List

Building on Over 40 Years of Lending Experience

CRL’s expertise gives it trusted insight to evaluate the impact  of financial products and policies on the wealth and economic stability of Asian, Black, Latino, rural, women, military, low-wage, low-wealth, and early-career workers and communities.

CRL is an affiliate of Self-Help, one of the nation’s largest nonprofit community development financial institutions. Our work leverages the strength of partnerships with national and local consumer and civil rights organizations.

Stay Connected

‌‌‌‌

Footer menu

  • Home
  • About CRL
  • Issues
  • Research & Policy
  • Newsroom