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Press Releases

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,...
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 26 national civil rights, consumer, housing and labor groups, and 35 state 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 the...
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),...

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