Créditos Hipotecarios: La Gran Brecha
A los prestatarios latinos se les niega el acceso al crédito hipotecario en mucha mayor medida que a los blancos, lo cual continúa causando profundas brechas en la riqueza racial y segregación en la vivienda.
Consumers Want Action On Illegal Debt Collection
If you are one of the 77 million Americans who are hounded each year by debt collectors, the Consumer Financial Protection Bureau (CFPB) is taking on this $13 billion industry. At a July 28 field hearing in Sacramento, Richard Cordray, CFPB Director, announced the Bureau’s intent to rein in illegal practices that harass and rob consumers.
Banned Payday Lenders Eye a Comeback in North Carolina
“Payday (loans) are costing people in states where it is legal… (up to) $8 billion in fees from (the) pockets of people that are living paycheck to paycheck,” said Susan Lupton, a senior policy associate with the Center for Responsible Lending.
Payday Loans Making a Comeback
“Payday (loans) are costing people in states where it is legal… (up to) $8 billion in fees from (the) pockets of people that are living paycheck to paycheck,” said Susan Lupton, a senior policy associate with the Center for Responsible Lending.
Why It’s So Hard To Regulate Payday Lenders
Auto-title loans, in which people borrow by using their vehicles as collateral, are arguably the most pernicious of payday lending’s mutant offspring: an estimated two million Americans borrow this way, earning lenders four billion dollars in fees every year. They’ve become particularly pervasive in Georgia. According to the Center for Responsible Lending, four hundred and nineteen car-title lenders were operating...
Has CRA Reform Missed Its Moment?
Nikitra Bailey, who oversees coalition building and constituent services at the Center for Responsible Lending, said that if bringing unbanked or underbanked Americans into the financial mainstream is a part of addressing income inequality, building off the CRA would be a logical place to start.
Regulators Draw Up New Rules To Stop Abusive Practices By Debt Collectors
Graciela Aponte-Diaz, director of California policy at the Center for Responsible Lending, said the proposals "endorse the common-sense idea that people should not be harassed for debts they do not owe." But she expressed concern that some parts of the proposals don't protect consumers from unwarranted collection attempts.
Consumers Want Action on Illegal Debt Collection
If you are one of the 77 million Americans who are hounded each year by debt collectors, the Consumer Financial Protection Bureau (CFPB) is taking on this $13 billion industry. At a July 28 field hearing in Sacramento, Richard Cordray, CFPB director, announced the Bureau's intent to rein in illegal practices that harass and rob consumers.
Google Stops Promoting Payday Loans
Many payday loan borrowers aren’t able to repay the loan when it’s due and roll it over into a new loan, incurring new fees. The CFPB found that nearly half of borrowers had more than 10 transactions in the 12-month period covered in a survey. The Center for Responsible Lending found that payday loan borrowers are more likely to become...
More, Not Less, Financial Regulation Needed Say Voters
“Nearly five years following the creation of the Consumer Financial Protection Bureau, consumers are still calling for financial accountability,” said Mike Calhoun, CRL president. “Efforts to bring transparency and fairness to personal finance may have begun. But these new results signify that our work must continue. Every consumer is entitled to financial fairness.”