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Press Releases

October 2, 2019
WASHINGTON, D.C. – Strong majorities across political parties show concern about the level of student debt in the United States and oppose the Department of Education’s and the Consumer Financial Protection Bureau's (CFPB) recent actions to weaken protections for students, according to a new poll released by Americans for Financial Reform (AFR) and the Center for Responsible Lending (CRL). The poll was conducted by the bipartisan team of Lake Research Partners and Chesapeake Beach Consulting. View the polling memo showing voter opposition to recent Department of Education and CFPB actions...
September 26, 2019
WASHINGTON, D.C. – Today, U.S. Senator Lamar Alexander (R-TN), chair of the Senate Health, Education, Labor, and Pensions Committee (HELP) Committee, unveiled a package of eight bills to rewrite parts of the Higher Education Act. This action comes after Alexander once again blocked consideration of the Fostering Undergraduate Talent by Unlocking Resources for Education (FUTURE) Act, which would have extended a two-year mandatory funding for Black Colleges and Universities (HBCUs), Hispanic Serving Institutions (HSIs), Tribally Controlled Colleges or Universities (TCUs), and Minority-Serving...
September 19, 2019
WASHINGTON, D.C. – Today, Senator Lamar Alexander (R-TN), chair of the Senate Health, Education, Labor, and Pensions Committee (HELP) Committee, blocked consideration of the Fostering Undergraduate Talent by Unlocking Resources for Education (FUTURE) Act. The bipartisan bill, introduced by Senator Doug Jones (D-AL) and Senator Tim Scott (R-SC), extends important mandatory funding for Historically Black Colleges and Universities (HBCUs), Hispanic Serving Institutions (HSIs), Tribally Controlled Colleges or Universities (TCUs), and Minority-Serving Institutions (MSIs) set to expire at the end...
September 18, 2019
WASHINGTON, D.C. - Unsealed court documents are shedding new light on student loan servicing company Navient and its practice of steering student loan borrowers into forbearance rather than helping them enroll in affordable income-base repayment plans (IBR). According to the documents, an internal memo outlining Navient’s predecessor’s forbearance strategy was: “forbear them, forbear them, make them relinquish the ball … said another way, we are very liberal with the use of forbearance once it is determined that a borrower cannot pay cash or utilize other entitlement programs.” A federal...
September 17, 2019
WASHINGTON, D.C. – This evening, the U.S. House of Representatives passed the Fostering Undergraduate Talent by Unlocking Resources for Education (FUTURE) Act introduced by Representative Alma Adams (D-NC) and Representative Mark Walker (R-NC). The FUTURE Act extends important mandatory funding for Historically Black Colleges and Universities (HBCUs), Hispanic Serving Institutions (HSIs), Tribally Controlled Colleges or Universities (TCUs), and Minority-Serving Institutions (MSIs) set to expire at the end of this month. The Senate companion bill, introduced by Sen. Doug Jones (D-AL), Sen. Tim...
September 10, 2019
WASHINGTON, D.C. – Today, Center for Responsible Lending (CRL) Senior Policy Counsel Ashely Harrington testified before the full House Financial Services Committee for hearing entitled A $1.5 Trillion Crisis: Protecting Student Borrowers and Holding Student Loan Servicers Accountable. In her remarks, Harrington discussed the need to rein in the abusive practices of the student loan servicing industry and urged members of the committee to pass reforms that allow student borrowers easy access to affordable repayment plans. View Harrington’s full written testimony for the record. “Student...
August 30, 2019
WASHINGTON, D.C. – Today, the U.S. Department of Education Secretary Betsy DeVos announced her new Borrower Defense to Repayment rule. These final rules will severely weaken accountability for for-profit colleges and prevent defrauded students from accessing relief. The new rules arrive more than a year after DeVos’ decision to rescind the Obama Administration’s Borrower Defense to Repayment rule, which provided a viable pathway for students to obtain relief and institutions to be held accountable. Among its many changes, the Department’s new regulations place an extremely high bar in...
August 29, 2019
Navient Claims It Doesn’t Have to Follow State Laws WASHINGTON, D.C. – The Center for Responsible Lending (CRL), the Student Borrower Protection Center (SBPC), the Pennsylvania SeniorLAW Center, the Lawyers’ Committee for Civil Rights Under Law, New Jersey Citizen Action, and the Community Legal Services of Philadelphia filed an amicus brief today in the Third Circuit Court of Appeals in support of Pennsylvania Attorney General Josh Shapiro’s lawsuit against Navient Corporation, one of the nation’s largest student loan servicers. The brief focused on the impact of improper student loan...
August 20, 2019
Policies Should Prioritize Quality and Accountability, Not Allow Unmanageable Debt to Weigh Down Families and NC Economy DURHAM, NORTH CAROLINA – In a comprehensive analysis of North Carolina-specific data, a Center for Responsible Lending (CRL) report released today paints a picture of a deepening student debt crisis that is distressing many communities, delaying home purchases and the creation of small businesses, and diverting dollars away from the local economy. North Carolina’s Student Debt: Dimensions of a Crisis finds that North Carolinians are burdened with increasing—...
August 16, 2019
WASHINGTON, D.C. – Today, Consumer Financial Protection Bureau (CFPB) Director Kathy Kraninger announced the appointment of Robert G. Cameron to serve as the Bureau’s private education loan ombudsman. Cameron most recently worked as a high-ranking official at the Pennsylvania Higher Education Assistance Agency (PHEAA), a student loan servicer that has been cited for mishandling payments and forgiveness programs for public service workers. The Center for Responsible Lending (CRL) Executive Vice President Debbie Goldstein released the following statement: What we’ve seen today is more...

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