U.S. Economy Grows But Black Unemployment Rises

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Parker Riley | Chicago Defender
The Black unemployment rate is almost double the 3.5 percent unemployment rate for whites and 4.6 percent for Hispanics. About eight percent of African-American homeowners lost their properties to foreclosure from 2007 to 2009, according to estimates from the Center for Responsible Lending. Also, only 43 percent of Black people owned homes in 2017, according to an annual report from the Joint Center for Housing Studies of Harvard University.

State AGs to DeVos: Work with, Not Against, State Law Enforcement

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Charlene Crowell | Center for Responsible Lending
“If it wasn’t clear before, it certainly is now,” observed Whitney Barkley-Denney, a Senior Policy Counsel with the Center for Responsible Lending. “The Department of Education and Secretary DeVos are more interested in shielding corporate actors like Navient and for-profit colleges from taking responsibility for their bad acts,” added Barkley-Denney. “Like the Attorneys General speaking out against this latest development, we remain dedicated to standing up for students, and urge Secretary DeVos to remember who she was appointed to serve.”

ED's Proposed Borrower Defense Regulations Could Narrow Path to Debt Relief

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Allie Bidwell | NASFAA
Ashley Harrington, a policy counsel with the Center for Responsible Lending, served as a member of the negotiated rulemaking committee and said in a statement that the proposed rule "reads more like a roadmap for institutions seeking to abuse students and avoid accountability and transparency rather than a plan to protect students and taxpayers." "Under this rule, [ED] goes further than any proposal discussed at negotiated rulemaking, proposing that relief be limited to borrowers in default in addition to very limited access to relief," she said. "A better solution to this growing financial

Legislation Seeks Debt-Free College Degrees and Real Career Opportunities

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Charlene Crowell | Center for Responsible Lending
“For too long, for-profit colleges have failed to serve the educational purpose for which they were intended,” Harrington said. “The combination of high costs and low graduation rates by these bad actors have resulted in unfair burdens for student borrowers and taxpayers. This bill improves accountability for all higher education institutions and creates a sensible path to fix our broken student loan repayment system.”

Education Department Shielding Bad Actors

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Charlene Crowell | Center for Responsible Lending
“If it wasn’t clear before, it certainly is now,” observed Whitney Barkley-Denney, a senior policy counsel with the Center for Responsible Lending. “The Department of Education and Secretary DeVos are more interested in shielding corporate actors like Navient and for-profit colleges from taking responsibility for their bad acts.”

Trump CFPB Pick Would Be First Director of Consumer Agency with Student Debt

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Ben Wieder | The Charlotte Observer
"While Ms. Kraninger's own status as one of 44 million Americans with outstanding student loan debt provides her with some insight, this is but a drop compared to a tidal wave of evidence weighing against her nomination," said Ashley Harrington, counsel at the Center for Responsible Lending. "Student borrowers need a director who will be their champion - she is not that person."