Press Releases

Washington, D.C. — Education Secretary Linda McMahon appeared before the House Appropriations Committee today to discuss the White House’s proposed 2026 budget for the U.S. Department of Education. The proposal outlines $67 billion in cuts, a 15 percent reduction in discretionary funding for the Department. Mike Calhoun, president of the Center for Responsible Lending (CRL), issued the following statement: The...

ANNAPOLIS, Md. –  With the window closing fast for Maryland Governor Wes Moore to sign or veto legislation, NAACP Maryland State Conference and the Center for Responsible Lending (CRL) today released a letter from over 40 advocates for civil rights, consumers, and workers urging the Governor to veto HB 1294. This legislation would give app-based payday lenders a special exemption...

Washington, DC – The Julian Bond Institute (JBI) today revealed the first members of its new Research Advisory Council, representing a range of educational institutions, community members and financial industry participants that will advise the institute on research selection, research design, and analysis of findings. Including community perspectives and industry stakeholders in the institute’s research provides insights into the real-world...

Veterans Affairs Servicing Purchase Program Provided ‘Last Resort’ for Veterans, Congress Must Act Quickly to Fill the Gap WASHINGTON – Today, the U.S. Department of Veterans Affairs (VA) dramatically increased the risk of foreclosure for tens of thousands of Veterans and their families. The VA discontinued the Veterans Affairs Servicing Purchase (VASP) program, the only VA mortgage assistance option that...

Veto would help millions of families struggling with the high cost of living WASHINGTON, DC – The Center for Responsible Lending today joined a group of consumer, economic justice and civil rights organizations in sending a letter to the White House, urging President Trump to veto S.J. Res 18, legislation that would eliminate a Consumer Financial Protection Bureau (CFPB) rule...

Passage would send the bill to the president’s desk to be signed into law WASHINGTON, DC – The U.S. House of Representatives will vote today on S.J.Res.18, legislation that would overturn a Consumer Financial Protection Bureau rule designed to reduce the typical price of an overdraft fee at very large banks and credit unions from around $35 to an amount...

ANNAPOLIS, Md. – The Maryland State Senate is scheduled to vote this afternoon on HB 1294, legislation that would exempt payday loans made through cell phone apps from the state’s usury law, which limits annual interest rates to 33% APR. "Maryland policymakers should reject this legislation, which would legalize cellphone app payday loans that regularly trap people in debt,” said...

WASHINGTON, DC – The U.S. Senate is expected to begin voting today on S.J.Res.18, legislation that would prevent a Consumer Financial Protection Bureau (CFPB) rule from lowering the typical price of an overdraft fee at very large banks and credit unions from around $35 to $5. If enacted, the legislation would eliminate this CFPB rule and forbid issuance of the...

WASHINGTON, D.C. – President Donald Trump is set to sign an executive order today aiming to dismantle or significantly restructure the U.S. Department of Education. The department, established by Congress nearly 50 years ago, plays a critical role in enforcing civil rights protections, distributing federal education funding and administering financial aid programs that make higher education accessible for millions of students...

Washington, D.C.—The U.S. Department of Education announced yesterday evening that it will reduce nearly half of its staff. In response, Nadine Chabrier, senior policy counsel at the Center for Responsible Lending (CRL), issued the following statement: While Secretary McMahon frames this as a step toward restoring greatness in our education system, slashing staff at this scale is reckless and threatens...