Press Releases
February 5, 2018
CRL Alarmed by Mick Mulvaney Removing Enforcement Powers from Consumer Bureau’s Fair Lending Office
WASHINGTON, D.C. – Today, the Center for Responsible Lending (CRL) condemned an alarming move by the unlawfully appointed Acting Director of the Consumer Financial Protection Bureau (CFPB), Mick Mulvaney, which will have the practical effect of taking away the ability of the Office of Fair Lending and Equal Opportunity to enforce laws against discrimination. By weakening this office, Mulvaney is making it easier for financial companies to commit and get away with unlawful discriminatory acts...
January 31, 2018
WASHINGTON, D.C. – Today, the U.S. Court of Appeals for the District of Columbia Circuit decided in PHH Corporation v. CFPB that the President can only remove the Director of the Consumer Financial Protection Bureau (CFPB) for cause instead of at will. The decision invalidates a 2016 court panel’s previous and unprecedented 2-1 ruling where two judges agreed that the CFPB Director can be removed at will instead of for cause.
Center for Responsible Lending Senior Policy Counsel Melissa Stegman released the following statement:
Today's decision by the D.C. Circuit is a victory for...
January 30, 2018
WASHINGTON, D.C. – During the State of the Union address, the President said, “we have eliminated more regulations in our first year than any administration in history.” If you wish to see this deregulation he is touting in action, look to the Consumer Financial Protection Bureau (CFPB). Unlawfully appointed CFPB Acting Director Mick Mulvaney is systematically weakening vital consumer protections.
Yana Miles, Senior Legislative Counsel at the Center for Responsible Lending (CRL), issued the following statement:
Mick Mulvaney is making it easier for predatory lenders to pick the...
January 18, 2018
Unlawfully Appointed Acting Director Mulvaney Wants CFPB to Use Emergency Funds Instead, Signaling Latest Chapter in Campaign to Dismantle the Consumer Bureau
WASHINGTON, DC – Today, Mick Mulvaney sent a letter to Federal Reserve Chairwoman Janet Yellen that “for Second Quarter of Fiscal Year 2018, the Bureau is requesting $0.” Mulvaney wants to instead deplete the reserve fund. Also this week, Mulvaney initiated a public review to critique the CFPB, reopened a CFPB rule intended to stop payday loan debt traps, and without explanation, the CFPB dropped a case against a payday lender...
December 5, 2017
Mulvaney’s Call for Congress to Rescind Basic Borrower Protection Shows He Sides with Loan Sharks Over Consumers
WASHINGTON, DC – OMB Director Mick Mulvaney, who is unlawfully behaving as Acting Director of the Consumer Financial Protection Bureau (CFPB), last night voiced support for a Congressional Review Act to repeal the Consumer Bureau rule on payday and car-title loan debt traps.
Center for Responsible Lending Director of Federal Advocacy Scott Astrada issued the following statement:
The Consumer Financial Protection Bureau was established to prevent Americans from losing...
December 4, 2017
Bill Eliminates Critical Consumer Protections and Safeguards Against Another Economic Meltdown
WASHINGTON, DC –The Center for Responsible Lending (CRL), along with the National Community Reinvestment Coalition, and the National Consumer Law Center, announced opposition to and released an analysis of S. 2155, a harmful financial deregulation bill. The measure, the most significant since Dodd-Frank, is scheduled for markup tomorrow in the Senate Banking Committee. Read the group’s analysis of S. 2155, which focused on the housing portions.
CRL Senior Legislative Counsel Yana Miles...
November 28, 2017
WASHINGTON, D.C. – Today, Judge Timothy J. Kelly of the U.S. District Court for the District of Columbia denied a request for a temporary restraining order to keep Office of Management and Budget (OMB) Director Mick Mulvaney from serving as Acting Director of the Consumer Financial Protection Bureau (CFPB).
Center for Responsible Lending Senior Policy Counsel Melissa Stegman issued the following statement:
Today's ruling is disappointing and a cause for concern. Payday lenders and their allies in Congress, including then-Representative Mick Mulvaney, have consistently attempted...
November 27, 2017
WASHINGTON, D.C. - National civil rights groups are standing behind Leandra English, Deputy Director and Acting Director of the Consumer Financial Protection Bureau (CFPB), as the lawful Acting Director of the Consumer Bureau. Acting Director English filed a federal lawsuit last night against the Trump Administration challenging the unlawful appointment of Mick Mulvaney as head of the CFPB.
The National Coalition for Asian Pacific American Community Development (National CAPACD), NAACP, National Urban League, UnidosUS, the National Fair Housing Alliance, Lawyers' Committee for Civil Rights...
November 27, 2017
WASHINGTON, D.C. – In case you missed it, Center for Responsible Lending (CRL) President Mike Calhoun was on CNN and NPR, calling out the unlawful attempt to name Mick Mulvaney as Acting Director of the Consumer Financial Protection Bureau (CFPB) and advocating for the appointment of a Director who is committed to protecting consumers.
Watch the CNN segment
Listen the NPR segment
For more information, or to arrange an interview with a CRL spokesperson on this issue, please contact Matthew Kravitz at matthew.kravitz@responsiblelending.org or 202-349-1859.
November 26, 2017
WASHINGTON, D.C. – Center for Responsible Lending’s President Mike Calhoun released the following statement tonight after Leandra English, Deputy Director and Acting Director of the Consumer Financial Protection Bureau (CFPB), filed a federal lawsuit against the Trump Administration challenging the unlawful appointment of Mick Mulvaney as head of the CFPB:
Instructions under the Dodd-Frank and Wall Street Reform and Consumer Protection Act are plain and simple--if the CFPB Director steps down, the Deputy Director assumes the role of Acting Director until the President nominates, and the...