Press Releases
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...
June 29, 2020
WASHINGTON, D.C. - Today, the U.S. Supreme Court released their decision in Seila Law LLC v. Consumer Financial Protection Bureau, where it found that the CFPB's leadership structure, which features a single head removable only for inefficiency, neglect, or malfeasance, is unconstitutional.
In January, the Center for Responsible Lending and Cohen Milstein Sellers & Toll PLLC (Cohen Milstein) submitted an amicus brief to the United States Supreme Court in the case on behalf of their clients, community development financial institutions (CDFIs) Self-Help Credit Union, Hope Enterprise...
June 1, 2020
WASHINGTON, D.C. - Center for Responsible Lending President Mike Calhoun released the following statement today on the recent protests that took place over the weekend:
Communities across the country rightly expressed their raw, unfiltered emotions because of the complacency that has allowed racism and oppression to continue in the United States. The senseless killings of unarmed black men and women—like George Floyd, Ahmaud Arbery, Breonna Taylor, and so many others before them—by irrational, and often racist, law enforcement officers are both heart-shattering and enraging.
These...
May 29, 2020
Coalition of civil rights and consumer organizations urge Senate to include provisions to strengthen PPP’s infrastructure
WASHINGTON, D.C. - The U.S. House of Representatives recently passed H.R. 7010, the Paycheck Protection Program Flexibility Act. The bill makes two important improvements to the Paycheck Protection Program (PPP), including extending the covered expense period from 8 to 24 weeks and pushing back the PPP processing deadline from June 30 to December 31, 2020.
The legislation did not include several key fixes that are critically important for ensuring that the smallest...
May 13, 2020
WASHINGTON, D.C. – The U.S. House of Representatives, led by Speaker Nancy Pelosi (D-Calif.), yesterday released the HEROES Act (H.R. 6800), the latest legislative response to the unprecedented COVID-19 public health and economic crisis.
Center for Responsible Lending (CRL) Federal Advocacy Director and Senior Counsel Ashley Harrington issued the following statement:
The HEROES Act would help prevent families from losing their homes and stop an avalanche of debt that threatens to bury them.
The HEROES Act would help protect the communities and families that have been hardest hit by...
April 21, 2020
WASHINGTON, D.C. – The U.S. Senate passed a deal today to replenish funding for the Paycheck Protection Plan (PPP), the loan program designed to help small businesses slammed by the coronavirus crisis. Lawmakers agreed to send an additional $310 billion to the PPP, which ran out of its initial funding capacity last week. Like the initial PPP funding, most of these new funds will continue to go to larger, wealthier and less diverse businesses leaving smaller businesses of color excluded from the program unless changes are made.
Center for Responsible Lending Federal Advocacy Director and...
April 17, 2020
Oakland, CA – As people en masse are losing their jobs and income, creditors are taking from desperately needed stimulus checks in order to collect on debts. The Center for Responsible Lending today continued its call for state and federal officials to take immediate action to protect this emergency funding.
Marisabel Torres, Center for Responsible Lending’s Director of California Policy, issued the following statement:
The CARES Act stimulus checks are meant to help people meet basic needs like food, housing and medicine – not to pay off creditors. As it stands, a bank could take $1,...