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CRL in the News

July 24, 2019 | By Shailaja Neelakantan | Education Dive

Outstanding student debt continues to grow, with some 43 million Americans owing a total $1.4 trillion in federal student loan debt alone. 

July 24, 2019 | By Andrew Kreighbaum | Inside Higher Ed

When Senator Elizabeth Warren, a contender for the 2020 Democratic presidential nomination, joined House Majority Whip James Clyburn in unveiling an ambitious student debt cancellation bill Tuesday, she said they weren’t “looking for one headline” about the $640 billion proposal.

Clyburn, a member of the Democratic leadership, said he plans to push legislation that could pass in the House. The South Carolina lawmaker added that the bill was about making headway over headlines.

July 23, 2019 | By Poonkulali Thangavelu

Even as the Consumer Financial Protection Bureau (CFPB) moves to update the Fair Debt Collection Practices Act of 1977 to better reflect the impact of newer communications technology, some consumer advocates point to the inadequacy of the proposed measures.

July 23, 2019 | By Sara Weissman | Diverse: Issues in Higher Education

Student loan debt is swelling for graduates across the country.

But according to a new report, the crisis is hitting students of color the hardest – and widening the racial wealth gap in the process.

July 23, 2019 | By WINK-FTM (CBS) - Fort Myers, FL

National student debt has reached the trillion-dollar mark and some senators want to cancel it, proposing huge amounts of money to do so. But it turns out - 10-thousand dollars might do the trick. Market Watch looked at a new analysis from the center for responsible lending. It suggests just 10 grand might make a difference for a huge amount of borrowers. 40 percent of people in repayment--- and a majority of people who are defaulting. 

July 22, 2019 | By Jillian Berman | MarketWatch

The race to become the Democratic nominee for president has brought the idea of mass and even total student-debt cancellation into the spotlight.

July 22, 2019 | By KNSO (TEL) - Fresno, CA

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. 

July 22, 2019 | By KIMBERLY HEFLING | Politico

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.

July 20, 2019 | By Brigette Honaker | Top Class Actions

Credit union advocates and lawmakers are arguing over the benefit of overdraft protection credit union programs as the CFPB considers new rules.

July 18, 2019 | By REP. RAJA KRISHNAMOORTHI (D-ILL.) | The Hill

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.