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Protecting Homeowners: Preventing Abusive Lending While Preserving Access to Credit

Prepared Testimony of George Brown, Senior Vice President, Self-Help and Spokesperson, Coalition for Responsible Lending before the House Financial Services Subcommittee on Financial Institutions and Consumer Credit and the Subcommittee on Housing and Community Opportunity.

Fact v. Fiction: The Truth about Payday Lending Industry Claims

With huge profits at stake, the payday lending industry is fighting reform efforts by positioning itself as "consumer friendly," misrepresenting the facts, and circumventing state laws. Claim 1: Payday loans provide needed emergency credit. Claim 2: Payday lenders serve the working middle class. Claim 3: Customers understand the cost of this service. Claim 4: Payday loans are cheaper than other...

SB 1149 North Carolina's Predatory Mortgage Lending Law

In 1999, North Carolina became the first state to enact legislation to curb predatory mortgage lending. Over the many years since, the North Carolina law has proven its effectiveness in curtailing predatory lending while preserving a robust subprime lending market. Full Text of the Law Short Summary of SB 1149 Full Summary of SB 1149 During the first year after...

1999 NC Predatory Lending Law

Full Text of the Law Short Summary of SB 1149 Full Summary of SB 1149 In 1999, North Carolina became the first state to enact legislation to curb predatory mortgage lending. Over the many years since, the North Carolina law has proven its effectiveness in curtailing predatory lending while preserving a robust subprime lending market. During the first year after...
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