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Press Releases

September 18, 2020
WASHINGTON, D.C. - Center for Responsible Lending President Mike Calhoun released the following statement on the passing of Supreme Court Justice Ruth Bader Ginsburg: Tonight, we pause to honor the life of Justice Ruth Bader Ginsburg. Justice Ginsburg was a pioneer, a titan, a brilliant jurist, and one of the fiercest advocates for women’s rights and gender equality, civil liberties, and fair pay, among so many other issues. Even before her service on the United States Supreme Court, she shattered glass ceilings and led the fight in setting legal precedents that help women move toward...
September 10, 2020
WASHINGTON, D.C. - Today, Senators voted down the Senate Majority Leader’s narrow COVID-19 bill, which was introduced earlier this week. As written, the bill fails to provide substantive relief for renters, student loan borrowers, small business owners, unemployed workers, and other people who are still struggling during this pandemic. The bill did not receive bipartisan support. Center for Responsible Lending Federal Advocacy Director and Senior Counsel Ashley Harrington released the following statement: This bill is an inadequate response to our current economic fallout and public health...
August 11, 2020
WASHINGTON, D.C. – The Trump Administration issued four executive orders Saturday related to the COVID-19 pandemic that fail to recognize and adequately address the magnitude of the ongoing crisis and the need for massive reform. The orders are weak and inadequate, and they leave out millions who are struggling to survive in grim circumstances. We need comprehensive legislation that rises to this historic challenge and brings the full force of our government and its vast resources to bear on these enormous societal problems. Ashley Harrington, Federal Advocacy Director at the Center for...
July 29, 2020
Washington, D.C. — The Bank Policy Institute (BPI), Center for Responsible Lending (CRL) and Independent Community Bankers of America (ICBA) today urged Congress to impose a three-year moratorium on industrial loan company licensing applications. The moratorium on Federal Deposit Insurance Corporation approvals would provide Congress time to close the ILC loophole and ensure ILCs and their parent companies don’t pose unnecessary risks to consumers and taxpayers. “ILCs offer banking products and services that are functionally indistinguishable from those offered by banks, but the ILC...
July 28, 2020
WASHINGTON D.C. – Last night, the U.S. Senate unveiled a $1 trillion rescue package called the HEALS Act in response to the ongoing public health and economic crisis resulting from the COVID-19 pandemic. The bill falls far short of what is needed to support families and businesses in this crisis. It fails to include additional funding to state and local governments, extend the eviction moratorium and provide rental assistance, include provisions to protect consumers from predatory debt collection practices, provide relief for student loan borrowers, and add structural program fixes needed for...
July 24, 2020
WASHINGTON, D.C. - This week, President Trump issued an unconstitutional memorandum barring undocumented immigrants from being counted in the Census when lawmakers redraw Congressional Districts next year. Center for Responsible Lending President Mike Calhoun released the following statement: This unconstitutional memorandum is effectively robbing immigrants of their humanity, agency, and dignity as contributing and integral members of American society and culture. Undocumented people deserve to be counted and live in communities where they’re treated and represented fairly. The...
July 21, 2020
On Thursday, July 23, CRL to host virtual discussion to commemorate Dodd-Frank anniversary with special introductions by Congresswoman Maxine Waters & U.S. Senator Elizabeth Warren View virtual talk and RSVP details. WASHINGTON, D.C. – Center for Responsible Lending (CRL) President Mike Calhoun released the following statement marking the 10-year anniversary since the Dodd-Frank Wall Street Reform and Consumer Protection Act was signed into law: Dodd-Frank is landmark legislation that has given consumers, especially low-income Americans and consumers of color, a much-needed and...
July 20, 2020
For Planning Purposes: ***Advisory for Thursday, July 23, AT 3:30 p.m. ET/ 12:30 p.m. PT*** The Civil Rights Fight Behind Dodd-Frank: A Reflection of the Last Decade With special speakers: Congresswoman Maxine Waters & U.S. Senator Elizabeth Warren WASHINGTON, D.C. - On Thursday, July 23, at 3:30 p.m. ET/ 12:30 p.m. PT, the Center for Responsible Lending (CRL) will host a virtual panel discussion to commemorate 10 years since the passage of the Dodd–Frank Wall Street Reform and Consumer Protection Act, which established the Consumer Financial Protection Bureau (CFPB). The...
July 18, 2020
WASHINGTON, D.C. – Center for Responsible Lending Executive Vice President Nikitra Bailey released the following statement today on the passing of civil rights hero U.S. Congressman John Lewis: We are heartbroken by the passing of Congressman John Lewis. His steadfast leadership and immeasurable contribution to the civil rights movement’s fight for freedom and justice changed the course of our nation’s history. He was the son of sharecroppers who became a devoted public servant continuing to push America towards her ideals along the way. He truly embodied what it means to be an American...
July 1, 2020
WASHINGTON, D.C. - Last night, the U.S. Senate approved a bill to extend the Small Business Administration’s (SBA) Paycheck Protection Program (PPP) application deadline. The bill extends the PPP authorization cutoff from June 30 to August 8, 2020, preserving funding for additional PPP loans. The bill now goes to the U.S. House of Representatives for consideration. The Senate legislation also decouples the PPP authorization from the SBA 7(a) program, eliminating the risk that the regular 7(a) program could shut down when the PPP hits its authorization cap. More than $100 billion in relief...

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