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Yasmin Farahi

Deputy Director of State Policy & Senior Policy Counsel

Yasmin Farahi is a deputy director of state policy and senior policy counsel based out of CRL’s Durham, North Carolina office. She advises local organizations and lawmakers that are working to eliminate abusive lending practices in their states, with a particular focus on small dollar lending and student loans.

Prior to joining CRL, Yasmin was a civil rights attorney at Disability Rights NC working with clients who faced barriers to full participation in community life. She was also a consumer protection and employment law attorney at Legal Services of Southern Piedmont in Charlotte, NC, focused on helping homeowners facing foreclosure during the financial crisis.

Yasmin graduated with honors from N.C. State University with degrees in Political Science and Philosophy and received her law degree from New York University School of Law. Outside of work, she enjoys traveling, exploring the local food scene, and spending time outdoors with her family.

Research & Policy

Our in-depth research of financial practices is intended to guide policymakers and opinion leaders working to improve the state of lending.


June 5, 2023 | By Polo Rocha
Minnesota's law is not a flat out 36% rate cap, but by putting strict limits on payday loans with rates between 36% and 50%, it could drastically reduce the product's availability. The law will "...
June 2, 2023 | By Michael Sainato | The Guardian
“The debt trap is very much by design and it’s how payday lenders’ business model works,” said Yasmin Farahi, deputy director of state policy and senior policy counsel at the Center for Responsible...
June 1, 2023
DURHAM, NC – Governor Tim Walz signed into law last week a measure capping annual interest rates on payday loans at 36% in Minnesota, with strict limitations on loans bearing annual rates from 37% to...
May 19, 2023 | By Miriam Cross | American Banker
Yasmin Farahi, deputy director of state policy at the Center for Responsible Lending, agrees. "A lot of the bills look similar and have been drafted off the same model bill," she said. "It's...