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Press Releases

December 1, 2017
WASHINGTON, D.C. - The House Committee on Education and the Workforce is expected to begin deliberations next week on a proposal for reauthorization of the Higher Education Act of 1965. The prior reauthorization expired in 2013 and was extended.  The Congressional Budget Office is also expected to score the bill over the next few days.   In an initial review of the major changes in the legislation, Ashley Harrington, a policy counsel with the Center for Responsible Lending made the following statement:  The proposed legislation is yet another boost for the private...
November 30, 2017
OAKLAND, CALIF. –  On November 29, California Attorney General Xavier Becerra sued Ashford University, a for-profit and online college based in San Diego. The suit alleges that Ashford made false promises and provided false information to boost enrollment.  Illegal debt collection practices and misleading information given to investors and the Securities and Exchange Commission are also alleged.  In response, Graciela Aponte-Diaz, Center for Responsible Lending’s California Policy Director made the following statement: Once again, a for-profit college is...
November 30, 2017
Negotiated rule making process will include various education and consumer advocates from across the country. *Advisory for Monday, Dec 4 to Thursday, Dec 7, 2017* WASHINGTON, D.C. – On Monday, December 4, 2017, at approximately 9 a.m. ET the Center for Responsible Lending (CRL) along with various advocacy organizations including the Maryland Consumer Rights Center, will participate in the U.S. Department of Education’s (DOE) negotiated rulemaking process on the Gainful Employment (GE) Rule. This will be the second of two negotiated rulemakings where CRL is representing...
November 28, 2017
WASHINGTON, D.C. – Today, Judge Timothy J. Kelly of the U.S. District Court for the District of Columbia denied a request for a temporary restraining order to keep Office of Management and Budget (OMB) Director Mick Mulvaney from serving as Acting Director of the Consumer Financial Protection Bureau (CFPB). Center for Responsible Lending Senior Policy Counsel Melissa Stegman issued the following statement: Today's ruling is disappointing and a cause for concern.  Payday lenders and their allies in Congress, including then-Representative Mick Mulvaney, have consistently attempted...
November 27, 2017
WASHINGTON, D.C. - National civil rights groups are standing behind Leandra English, Deputy Director and Acting Director of the Consumer Financial Protection Bureau (CFPB), as the lawful Acting Director of the Consumer Bureau. Acting Director English filed a federal lawsuit last night against the Trump Administration challenging the unlawful appointment of Mick Mulvaney as head of the CFPB. The National Coalition for Asian Pacific American Community Development (National CAPACD), NAACP, National Urban League, UnidosUS, the National Fair Housing Alliance, Lawyers' Committee for Civil Rights...
November 27, 2017
WASHINGTON, D.C. – In case you missed it, Center for Responsible Lending (CRL) President Mike Calhoun was on CNN and NPR, calling out the unlawful attempt to name Mick Mulvaney as Acting Director of the Consumer Financial Protection Bureau (CFPB) and advocating for the appointment of a Director who is committed to protecting consumers. Watch the CNN segment Listen the NPR segment For more information, or to arrange an interview with a CRL spokesperson on this issue, please contact Matthew Kravitz at matthew.kravitz@responsiblelending.org or 202-349-1859.
November 26, 2017
WASHINGTON, D.C. – Center for Responsible Lending’s President Mike Calhoun released the following statement tonight after Leandra English, Deputy Director and Acting Director of the Consumer Financial Protection Bureau (CFPB), filed a federal lawsuit against the Trump Administration challenging the unlawful appointment of Mick Mulvaney as head of the CFPB: Instructions under the Dodd-Frank and Wall Street Reform and Consumer Protection Act are plain and simple--if the CFPB Director steps down, the Deputy Director assumes the role of Acting Director until the President nominates, and the...
November 24, 2017
WASHINGTON, D.C. – Tonight, President Trump unlawfully attempted to name Mick Mulvaney to serve as Acting Director of the Consumer Financial Protection Bureau (CFPB). Mulvaney currently serves as Director of the Office of Management and Budget. Center for Responsible Lending President Mike Calhoun issued the following statement: The President must follow his authority written in the in Dodd-Frank law and nominate a candidate who can be confirmed by the U.S. Senate to serve as the director of the CFPB. Until that plan is followed, Leandra English is the rightful Acting Director of the...
November 24, 2017
WASHINGTON, D.C. – Center for Responsible Lending (CRL) President Mike Calhoun released the following statement today after Richard Cordray tenured his resignation as Director of the Consumer Financial Protection Bureau (CFPB): We commend Richard Cordray’s years of public service and commitment to protect Americans from financial predators. As the CFPB’s first director, he brought accountability and transparency to consumer finance, and helped clean up Wall Street's mess after the 2008 financial crisis. The Bureau and its staff are strong because of Richard’s leadership--cracking down on...
November 21, 2017
Faith Leaders Hand Deliver Letter Signed by 230 Groups DURHAM, N.C. – As a federal agency re-opens the door to predatory payday lending for some banks, scores of groups representing a broad cross-section of Americans are saying “not so fast.” Advocates are mailing hard copies of an open letter to banks and regulators, and faith leaders are delivering the letter directly to bank branches, some where the congregations hold their accounts. The letter, which urges the banks to pledge not to start making payday loans, was coordinated by the Stop the Debt Trap campaign and is signed by 230 faith...

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