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. We support the development of policy and regulatory infrastructure needed to ensure an equitable green lending marketplace for all consumers. 

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40+ Organizations Write in Support of DACA Enrollees

40+ Organizations Write in Support of DACA Enrollees

From the brief’s introductory passage: Imbued with the spirit of the American dream, and in reliance on the DACA program, enrollees have made substantial investments in themselves, their families, and their communities. Contrary to the government’s assertion in its brief to this Court (e.g., Pet. Br. 46), the DACA enrollees are not engaged in “ongoing illegal activity” or “ongoing violation...
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Amicus Brief
Consumer Finance

Strong Opposition to Proposed Changes to the Public Charge Guidelines

Strong Opposition to Proposed Changes to the Public Charge Guidelines

Self-Help and the Center for Responsible Lending strongly oppose the Department of Homeland Security’s proposed rule to drastically expand the criteria that will be considered to determine whether an immigrant is likely to become a public charge. Being deemed a public charge is of tremendous consequence for individuals and families, as it permits the government to deny someone admission to...
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Comment Letter
Consumer Finance

Comment: OCC Should Not Weaken Community Reinvestment Act

Comment: OCC Should Not Weaken Community Reinvestment Act

Today, the Center for Responsible Lending, Americans for Financial Reform, and other leading national labor, civil rights, consumer advocacy, fair housing, and legal services organizations responded in a joint comment to the Office of the Comptroller of the Currency’s (OCC) Advance Notice of Proposed Rulemaking (ANPR) on how the agency should update Community Reinvestment Act (CRA) procedures. The groups pressed...
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Comment Letter
Consumer Finance Mortgage Lending

Testimony: Ensuring Consumer Protections in Financial Markets of the Digital Era

Testimony: Ensuring Consumer Protections in Financial Markets of the Digital Era

This important hearing addresses how technological innovation has resulted in the development of new services and delivery platforms by both traditional financial institutions and non-bank fintech companies. The rapid expansion of market participants and their products has brought new opportunities, as well as significant consumer protection concerns, to the financial marketplace. In my written testimony I will discuss in detail...
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Testimony
Consumer Finance

Protecting Servicemembers from Abusive Financial Practices

Protecting Servicemembers from Abusive Financial Practices

"The undersigned consumer, community, and civil rights organizations write to urge the Consumer Financial Protection Bureau to reverse its recent decision to suspend the supervision of payday, car title, and other lenders for violations of the Military Lending Act (MLA). We also urge the Department of Defense to ensure that the Military Lending Act is vigorously implemented without exemptions or...
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Letters to Congress
Consumer Finance Payday and Other Small Dollar Loans

North Carolina Legislative Update August 16, 2018

North Carolina Legislative Update August 16, 2018

Dear Coalition Supporters, This update covers important predatory lending developments over the past few months, including action at the NC General Assembly, challenge of the payday rule in Congress (spoiler, we won!), threats to our state usury cap, rollback of federal student loan protections, and recent CRL research. NC General Assembly: What Happened? House Bill 810, backed by the NC-based...
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Bill Law
Consumer Finance

Win in Congress: Attempt to Roll Back Payday Rule Fails

Win in Congress: Attempt to Roll Back Payday Rule Fails

Dear Coalition supporters, At a time when victories are hard to come by, please take a minute to celebrate a big win! We stopped Congress from rolling back the Consumer Financial Protection Bureau’s national payday rule. Last week, the clock ran out on efforts to use the fast-track Congressional Review Act to repeal the rule and prevent the bureau from...
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Bill Law
Consumer Finance

Bank Payday Loans Are High-cost Debt Traps, Just Like Payday Loans From Non-banks

Bank Payday Loans Are High-cost Debt Traps, Just Like Payday Loans From Non-banks

This sign-on letter of national civil rights, faith, and consumer groups, argues that bank payday loans are high-cost debt traps, just like payday loans from non-banks. It urges the prevention of high-cost, usurious loans by banks and credit unions—whether short-term, balloon-payment payday loans (which banks sometimes call “deposit advance” loans) or longer-term high-cost installment loans or lines of credit, and...
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Letters to Congress
Consumer Finance
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