CRL in the News
March 6, 2023
| By Lorin Cox | Wisconsin Public Radio
The interview explores the ramifications of the Supreme Court case about the federal consumer watchdog agency.
March 3, 2023
| By Robert Kuttner | The American Prospect
According to research and complaints by the Center for Responsible Lending, TD charges U.S. customers more than $100 a day for overdrafts by levying $35 fees three times a day. These fees bear no relationship to the bank’s actual costs. They are purely opportunistic.
March 3, 2023
| By Jim DuPlessis | Credit Union Times
On Monday, Nadine Chabrier, a lawyer for the Center for Responsible Lending, said in a news release that the Supreme Court would be reviewing a lawsuit that poses “an existential threat” to the CFPB and similarly funded agencies.
“If the Supreme Court accepts this deeply flawed argument against CFPB funding, it would set a dangerous precedent that would be used to challenge agencies with legally indistinguishable funding, including the Federal Reserve, FDIC, Medicare and Social Security,” Chabrier said.
February 28, 2023
| By Bruce Leshan | WUSA9
Critics say much of the money will go to people who can afford to pay it back. But Jaylon Herbin of the Center for Responsible Lending says it will help low income Americans recover from a pandemic that’s hit them disproportionately.
"Working class families, they're the ones who take out debt at a higher rate," Herbin said. "They're the ones that are impacted higher."
February 28, 2023
| By The Kristal Knight Show
Jaylon Herbin, Director of Federal Campaigns for the Center for Responsible Lending, joins Kristal to discuss the upcoming showdown as President Biden's student loan forgiveness program heads to SCOTUS.
February 28, 2023
| By Jon Healey | The Los Angeles Times
Financial experts say there are steps that you can take now to prepare for the aftermath of the court’s decision.
First, determine which company is servicing your federal loan or loans so you’ll know whom to pay if and when the time comes. Jaylon Herbin, director of federal campaigns for the Center for Responsible Lending, said there has been a lot of turnover among loan servicers in the nearly three years since borrowers were last required to make a payment.
February 27, 2023
| By Mitria Spotser | Law360
One of my favorite quotes comes from the 2000 political drama "The Contender." In it, the vice presidential nominee, Laine Hanson, explains her refusal to neither confirm nor deny the sexist smear campaign against her with one sentence: "Principles only mean something if you stick by them when they're inconvenient." Twenty-three years later, I find myself thinking about that line in the context of the U.S. Supreme Court. And, when it comes to student loan forgiveness, the members of the court could learn a thing or two from the scriptwriters in Hollywood.
February 27, 2023
| By Robert Barnes | Washington Post
“If the Supreme Court accepts this deeply flawed argument against C.F.P.B. funding, it would set a dangerous precedent that would be used to challenge agencies with legally indistinguishable funding, including the Federal Reserve, F.D.I.C., Medicare and Social Security,” said Nadine Chabrier, a senior policy and litigation counsel at the nonpartisan research group Center for Responsible Lending.
February 27, 2023
| By Adam Liptak | The New York Times
“If the Supreme Court accepts this deeply flawed argument against C.F.P.B. funding, it would set a dangerous precedent that would be used to challenge agencies with legally indistinguishable funding, including the Federal Reserve, F.D.I.C., Medicare and Social Security,” said Nadine Chabrier, a senior policy and litigation counsel at the nonpartisan research group Center for Responsible Lending.
February 24, 2023
| By Charlene Crowell | New Pittsburgh Courier
While acknowledging the Bureau’s earlier efforts to rein in high-cost overdraft fees, Nadine Chabrier, a Senior Policy Counsel with the Center for Responsible Lending says more must be done to protect consumers from other costly junk fees.
“These charges wreak havoc on household budgets,” said Chabrier. “We applaud President Biden for highlighting their harm… We are encouraged that the consumer bureau announced it will take additional steps, and we urge the bureau to place strong limits on the size and frequency of these fees.”