CRL in the News
A new poll shows that student loan debt and predatory practices by some lenders that make paying loans back increasingly expensive prevents a majority of borrowers in the state from buying a home, a car or paying for necessities, and has spurred as many as one in four to move out of state for better-paying jobs.
Three months ago, one of the government’s top student loan watchdogs, Seth Frotman, stepped down from his job at the Consumer Financial Protection Bureau with a scathing resignation letter that criticized the Trump administration for undermining the agency’s enforcement efforts.
Then he took some people with him.
The racial wealth gap is the disparity in median household wealth between the different races. Home equity is a large percentage of most families’ wealth. As a result, increasing minority homeownership is critical to closing the gap.
Bank regulators have not come out with a formal plan for updating the Community Reinvestment Act, but a preliminary list of questions about the reform effort issued by the Office of the Comptroller of the Currency has produced a treasure trove of public feedback to guide their deliberations.
Maxine Waters of California is known as a partisan firebrand who gives as good as she gets, especially where President Trump is concerned.
Now, with Democrats assuming control of the House in January, the California Democrat is about to become more visible than ever before, with the power to slow down an important part of Trump's agenda and even shine a light on his company's finances.
Colorado voters have overwhelmingly opted for tighter regulations on payday lending, easily approving a proposal to cap interest rates on the short-term loans.
WASHINGTON — Rep. Maxine Waters has been in the headlines recently more as an outspoken critic of the Trump administration than for her banking policy positions on the House Financial Services Committee.
Meet the new payday loan. It looks a lot like the old payday loan.