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. 

Filter Results

Preserve the Independence of the Consumer Financial Protection Bureau

Preserve the Independence of the Consumer Financial Protection Bureau

This letter urges the opposition of HR 1261 or any similar bills that undermine the independence of the Consumer Financial Protection Bureau (CFPB) by subjecting it to the appropriations process. It is less than five years since the CFPB was established. Since then, it has fulfilled Congress's vision of a federal agency with "the authority and accountability to ensure that...
More
Letters to Congress
Consumer Finance

Issues and Outcomes Report: January to December 2015

Issues and Outcomes Report: January to December 2015

In a new report, the Center for Responsible Lending – along with Americans for Financial Reform – examines the impact of advocacy efforts of policy and regulation. The report take stock of both gains (actions that support or defend consumer protections) and losses (actions that jeopardize or reduce consumer protections) – specifically in the following areas: Federal legislation State legislation...
More
Research
Consumer Finance

Oppose H.R. 2896 Putting Consumers at Risk from Dangerous Products or Practices

Oppose H.R. 2896 Putting Consumers at Risk from Dangerous Products or Practices

The consumer groups signing this letter oppose the Taking Account of Institutions with Low Operation Risk Act of 2015 (H.R. 2896) and amendments that will put consumers at risk from dangerous products or practices and undermine the established notice and comment process in place for financial regulations. If adopted, the TAILOR Act could allow financial institutions to justify and exploit...
More
Letters to Congress
Consumer Finance

Comments to the Federal Trade Commission on Remedying Unfair and Deceptive Practices in the Marketplace

Comments to the Federal Trade Commission on Remedying Unfair and Deceptive Practices in the Marketplace

The Holder Rule is one of the most important actions the Commission has ever taken in preventing and remedying unfair and deceptive practices in the marketplace. When a seller of a good or service originates or helps arrange credit, the Rule allows consumers to raise the seller’s misconduct as a basis for bringing claims or defenses against the entity holding...
More
Comment Letter
Consumer Finance

Oppose H.R. 4294 Legislation to Weaken Protections for Retirement Savers

Oppose H.R. 4294 Legislation to Weaken Protections for Retirement Savers

This letter urges Chairman Kevin Brady and Ranking Member Sander Levin to reject H.R. 4294, the "SAVERS Act," and support the Department of Labor's (DoL) effort to strengthen retirement income security for working families and retirees. Far from being a pro-retirement security alternative to DoL rulemaking, the legislation would weaken the already inadequate protections afforded by current outdated regulations.
More
Letters to Congress
Consumer Finance

Oppose H.R. 766 the Financial Institution Customer Protection Act of 2015

Oppose H.R. 766 the Financial Institution Customer Protection Act of 2015

This letter to Chairman Pete Sessions and Ranking Member Louise Slaughter urges a strong opposition to H.R. 766, the Financial Institution Customer Protection Act of 2015, introduced by Representative Luetkemeyer. The bill will hamper critical Department of Justice and banking regulator efforts to detect fraud and money laundering, putting consumers and financial institutions at risk of serious financial loss. It...
More
Letters to Congress
Consumer Finance

Oppose FY 2017 Appropriations Bills that Contain Inappropriate Ideological Policy Riders

Oppose FY 2017 Appropriations Bills that Contain Inappropriate Ideological Policy Riders

The organizations represented on this sign-on letter asked President Obama to oppose any FY 2017 appropriations bills which include inappropriate ideological policy riders. Appropriations bills have been used before to undermine essential safeguards through "policy riders" – provisions that address extraneous policy issues, and are slipped into appropriations bills to win approval as part of must-pass funding legislation. Last year...
More
Letters to Congress
Consumer Finance

Oppose H.R. 4293 Legislation to Weaken Protections for Retirement Savers

Oppose H.R. 4293 Legislation to Weaken Protections for Retirement Savers

As strong supporters of the Department of Labor's (DoL) effort to strengthen retirement income security for working families and retirees, the undersigned on this letter urge the rejection of H.R. 4293, the "Affordable Retirement Advice Protection Act." Far from being a pro-retirement security alternative to DoL rulemaking, the legislation would weaken the already inadequate protections afforded by current outdated regulations...
More
Letters to Congress
Consumer Finance

Proposed Final Judgment and Competitive Impact Statement: One Main and Springleaf Holdings

Proposed Final Judgment and Competitive Impact Statement: One Main and Springleaf Holdings

The Center for Responsible Lending submits this comment to provide additional context about the consumer installment loan market, in particular to highlight issues unaddressed by the proposed settlement with One Main and Springleaf. In this letter, the undersigned organizations bring to your attention three areas of concern that the settlement did not address, but which have a significant impact on...
More
Consumer Finance

Proposed Final Judgment and Competitive Impact Statement: One Main and Springleaf Holdings

Proposed Final Judgment and Competitive Impact Statement: One Main and Springleaf Holdings

The Center for Responsible Lending1 submits this comment to provide additional context about the consumer installment loan market, in particular to highlight issues unaddressed by the proposed settlement with One Main and Springleaf. In this letter, the undersigned organizations bring to your attention three areas of concern that the settlement did not address, but which have a significant impact on...
More
Comment Letter
Consumer Finance
Displaying 91 - 100 of 119