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Press Releases

March 25, 2020
WASHINGTON, D.C. - Center for Responsible Lending (CRL) Director of Federal Advocacy Ashley Harrington released the following statement today ahead of a vote where the Senate is expected to approve its deal with the White House on a phase three spending bill to address the economic impact of the COVID-19 public health crisis: This bill falls short of providing full relief for hard-working families across the country, especially for LMI families and communities of color who are getting hit hard by this pandemic. In a time of crisis, taxpayer dollars shouldn’t be used to only bail out...
March 23, 2020
WASHINGTON, D.C. - Today, U.S. House of Representatives Speaker Nancy Pelosi (D-Calif.) and the House Democratic Caucus introduced their COVID-19 stimulus package, Take Responsibility for Workers and Families Act. Among the proposals, the bill includes provisions that support student loan debt cancellation and a halt on home foreclosures. Center for Responsible Lending Federal Advocacy Director and Senior Counsel Ashley Harrington released the following statement: This proposal is a great step toward providing families and workers much needed relief as the country continues to tackle...
March 20, 2020
At “time of national crisis,” immediate adoption of bold financial protection and relief measures is needed in stimulus package   WASHINGTON, D.C. – Today, the Center for Responsible Lending (CRL) joined with sixteen leading, civil rights, consumer, housing and labor groups in sending a letter to Congress with specific financial services policy proposals that help address the needs of families most at risk from the impending economic collapse. Full text of the letter is included at bottom.   The letter states that the “organizations write with urgency to recommend that...
March 16, 2020
WASHINGTON, D.C. – The Bank Policy Institute, Center for Responsible Lending (CRL), NAACP, The Leadership Conference on Civil and Human Rights, and Independent Community Bankers of America sent a letter to Federal Deposit Insurance Corporation (FDIC) Chairwoman Jelena McWilliams urging the agency not to approve deposit insurance applications submitted by industrial banks or industrial loan companies (ILC) until its ILC rulemaking is final. The letter was sent ahead of FDIC’s meeting on Tuesday, March 17, where agency leaders are expected to announce a notice of proposed rulemaking...
January 22, 2020
The CFPB’s structure is constitutional and critical to ensuring that it can carry out its consumer protection mission free from undue political and industry influence. WASHINGTON, D.C. – Today, the Center for Responsible Lending (CRL) and Cohen Milstein Sellers & Toll PLLC (Cohen Milstein) submitted an amicus brief to the United States Supreme Court in the case of Seila Law LLC v. Consumer Financial Protection Bureau  (CFPB) on behalf of their clients, community development financial institutions (CDFIs) Self-Help Credit Union, Hope Enterprise Corporation / Hope Credit Union (HOPE),...
October 18, 2019
WASHINGTON, D.C. – The U.S. Supreme Court said today that it will take up Seila Law LLC v. Consumer Financial Protection Bureau (CFPB), a case attempting to undermine the independence of the nation’s consumer protection watchdog.  Seila Law LCC is pushing the Supreme Court to give President Trump influence and control over how the CFPB oversees the financial services industry. Specifically, the lawsuit contends that the structure of the CFPB is unconstitutional because it only allows the President to remove the CFPB Director for-cause. Congress, however, established the independent CFPB to...
October 17, 2019
WASHINGTON, D.C. – Center for Responsible Lending Executive Vice President Nikitra Bailey released the following statement today on the passing of U.S. Congressman Elijah Cummings, Chairman of the House Committee on Oversight and Reform: We are saddened by the passing of Chairman Elijah Cummings. He was a steadfast leader who served his community and country with passion and conviction. For consumers, he was the voice who championed reforms to protect families from abusive payday lenders, predatory for-profit colleges, and housing discrimination. His legacy is a shining example of what...
October 7, 2019
2008 Crisis Echoes Through American Politics As Americans Seek More WASHINGTON, DC – As candidates vie to set the agenda for the next presidency, Democratic primary voters in Iowa, New Hampshire, Nevada, and South Carolina strongly support a tough approach to oversight and reform of Wall Street, according to a new poll conducted by the bipartisan team of Lake Research Partners and Chesapeake Beach Consulting. The views of these voters, whose decisions will influence the early trajectory of the race for the Democratic nomination, align with Democrats and independents broadly, and on many...
September 20, 2019
WASHINGTON, D.C. – Today, the U.S. House of Representatives passed the Forced Arbitration Injustice Repeal Act (FAIR Act) (H.R. 1423), a bill that would restore the ability of Americans to take their disputes with companies to a real court of law. Specifically, the legislation would prohibit contracts from requiring civil rights, consumer, or employment disputes be settled in arbitration – a process shown to be rigged in favor of powerful companies and against the average American. Center for Responsible Lending Executive Vice President Debbie Goldstein issued the following statement...
September 17, 2019
WASHINGTON, D.C. – Today, Consumer Financial Protection Bureau (CFPB) Director Kathy Kraninger joined the Trump Administration in urging the U.S. Supreme Court to give the president more influence and control over the CFPB, the agency that regulates the financial services industry. Kraninger and the U.S. Department of Justice (DOJ) jointly asked the Court to consider an appeal that would allow the president to remove the CFPB director at-will instead of for-cause. Since its creation, the CFPB has operated as an independent agency, free of political influence or interference. In joining DOJ...

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