CRL Files Amicus Brief Supporting Consumer Credit Rights in Solar Fraud Case

CRL Files Amicus Brief Supporting Consumer Credit Rights in Solar Fraud Case

The Center for Responsible Lending, along with the Consumer Federation of America and National Consumer Law Center, filed an amici curiae on November 7, 2025. The amici are in support of plaintiff Eva Migligore’s request for en banc review at the US Court of Appeals for the Third Circuit to vacate the district court’s ruling to dismiss the case. The...
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Amicus Brief
Clean Energy Transition

Factsheet: New Jersey Voters Overwhelmingly Support 36% Rate Cap

Factsheet: New Jersey Voters Overwhelmingly Support 36% Rate Cap

New Jersey has long been a national leader in the fight against predatory lending which strips wealth from communities. Strong state usury laws protecting New Jerseyans from payday lending in the state save New Jerseyans over $193 million annually. New Jerseyans continue to overwhelmingly support a rate cap on payday and consumer installment loans and want to ensure the strong...
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Research
Payday and Other Small Dollar Loans

High-Cost Lenders Scheme with Banks to Evade Consumer Protections

High-Cost Lenders Scheme with Banks to Evade Consumer Protections

A few high-cost lenders are evading state consumer protections through rent-a-bank schemes. Through these sham arrangements, these companies are exploding right through the interest rate limits that most states have put in place for good reason, to protect people from high-cost debt traps that drain them of their hard-earned income. In the following states, payday lenders are using banks, which...
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Research
Payday and Other Small Dollar Loans

Lawmakers Approve Oversight for Companies Servicing Student Loans

Source
CARLY SITRIN | NJ Spotlight
State lawmakers have again taken aim at the growing student-debt crisis in New Jersey, releasing a bill that former Gov. Chris Christie let die when he left office. The Assembly Higher Education Committee on Thursday passed S-1149/A-455 which would establish a student-loan ombudsman within the state Department of Banking and Insurance (DOBI). It would give DOBI the power to enforce...
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Student Loans

OP-ED: New Jersey can help students with their loan debt

Source
BEVERLY BROWN RUGGIA AND STEPHAN LALLY | NJ Spotlight
Last month 400 extremely fortunate Morehouse College graduates flipped their tassels to the amazing revelation that they would be starting their post-college careers without student debt. Richard Smith, an incredibly generous billionaire from Texas, has pledged to pay off all of their student loans. Smith’s gesture is noble, but unfortunately most other college graduates can’t count on the generosity of...
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Student Loans

New Jersey Must Act to Address Student Loan Crisis

New Jersey Must Act to Address Student Loan Crisis

In the last decade, student loan debt has exploded, directly impacting the lives of millions of Americans and leaving its mark on the entire economy. There are currently over 44 million Americans with student loan debt. With the costs of higher education continuing to rise at alarming rates and a college education becoming a requirement for more and more jobs...
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Policy & Legislation
Student Loans

States without Payday and Car‐title Lending Save $5 Billion in Fees Annually

States without Payday and Car‐title Lending Save $5 Billion in Fees Annually

Payday and car title loans are small-dollar, high-cost products that thrive on keeping consumers in a cycle of debt. With lenders doing essentially no underwriting, consumers find it easy to obtain these loans, often marketed as a solution to financial emergency. However, the unaffordability of the loan and the lenders extreme leverage over the borrowers – either through direct access...
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Research
Payday and Other Small Dollar Loans

Response to NHEMA's "Analysis of 1st Quarter 2004 Mortgage Lending in New Jersey and Pennsylvania"

Response to NHEMA's "Analysis of 1st Quarter 2004 Mortgage Lending in New Jersey and Pennsylvania"

On September 15th, 2004, the National Home Equity Mortgage Association (NHEMA) released a report by Professors Richard DeMong and Richard Netemeyer of the University of Virginia that asserts that New Jersey's Homeownership Protection Act of 2002 has decreased access to credit for non-prime borrowers in the state. The authors assert that non-prime lending was lower and comprised a smaller share...
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Research
Mortgage Lending