CRL in the News
Araceli Panameño, Center for Responsible Lending "vaya a la página de internet de la comisión federal de comercio, busque ahí la información acerca de este acuerdo, regístrese para recibir correos electrónicos". El acuerdo final está sujeto al visto bueno de una corte federal en los próximos meses.
FIRST LOOK: NAACP TO PUT SPOTLIGHT ON STUDENT DEBT:Student loan debt is unsustainable for many student borrowers — especially borrowers of color, the Center for Responsible Lending and the NAACP warn in a new research report.
Credit union advocates and lawmakers are arguing over the benefit of overdraft protection credit union programs as the CFPB considers new rules.
In the wake of the financial crisis, the Consumer Financial Protection Bureau (CFPB) was established to stop predatory financial activity central to the collapse. For years, the CFPB has stood up to financial predators, holding companies acting in bad faith accountable for wrongdoing and returning $12 billion of ill-gotten profits to consumers.
Our team sat down and spoke with Cheye-Ann Corona, Senior Policy Associate with the Center for Responsible Lending (CRL), to have her shed some light on common issues in the student loan industry. The CRL is part of the Self-Help Credit Union, a member-owned credit union, non-profit loan fund, and policy advocacy organization that works to help low-income families strengthen their economic opportunities.
The higher education system is broken, but instead of fixing it, the Department of Education is intent on breaking it even more.
The question of what will happen in mortgage lending after the government-sponsored enterprise (GSE) Patch expire in January 2021 is the focus of a new report published by the Center for Responsible Lending (CRL).
According to a survey by Bankrate, roughly 25 percent of Americans live paycheck to paycheck. The money they make just barely covers their day-to-day expenses, with little or nothing left over for emergencies. If you’re in this situation, any unplanned expense – such as a $300 car repair – can cause a financial crisis.
According to the Center for Responsible Lending, interest rates on these loans average 24 percent: 3 to 4 times the average rate for used car loans.
After the government-sponsored enterprise patch expires, "near prime" loans over the 43% debt-to-income ratio should be qualified mortgages if they have compensating factors, according to a new Center for Responsible Lending report.