Center For Responsible Lending - A Resource For Predatory Lending Opponents

New Fed rules miss one key lending abuse
07/23/08, CNNMoney.com
Mortgage brokers are getting paid fat fees by lenders to put unsuspecting borrowers into expensive loans. And the new lending rules issued last week by the Federal Reserve do nothing to stop this abusive practice.

City Sues Mortgage Giant
07/23/08, NBCSanDiego.com
City Attorney Mike Aguirre filed a civil complaint Wednesday against Countrywide Financial Corp. in an attempt to stop foreclosures in San Diego.

Wachovia to exit wholesale mortgage lending
07/22/08, Nahville Business Journal
Wachovia Corp. is getting out of the wholesale mortgage lending business, exiting a market Bank of America Corp. left several months ago.

Durbin rate cap could close payday loan loopholes
07/19/08, Daily Herald
Arlington Heights business owner Bob Griffith balked as soon as he read the letter from a payday loan company demanding that he garnish the wages of one of his employees.

Payday lenders told not to rush ballot process
07/09/08, The Columbus Dispatch
Ohio payday lenders lost their first round in court yesterday, leaving them at the mercy of the attorney general.

Meeks: Native consumers beware: Payday lenders are predators
06/27/08, Indian Country Today
The payday lending industry is mounting quite a campaign to appear legitimate. It reminds me of the old adage, ''Watch out for wolves in sheep's clothing.'' It is certainly a fitting analogy. Both wolves and payday lenders are predators and need to disguise their true purpose.

Creditors Garnishing Protected Funds
07/13/08, Washington Post
The reports just keep coming that consumers are still having difficulty paying their debts.

Judge OKs class-action suit against Wachovia over fees
07/04/08, Winston-Salem Journal
Wachovia Corp. must face a proposed class-action lawsuit over overdraft fees after a federal judge in Atlanta refused yesterday the bank's motion to dismiss the case.

Banks raise penalty fees for customers' overdrafts
06/18/08, USA Today
As the economy weakens, banks are increasingly squeezing customers who overdraw their bank accounts.

Limits on title loans called a 'good start'
07/24/08, Chicago Tribune
State officials moved Wednesday to close a loophole that has allowed title loan companies to dodge consumer protection rules the state implemented seven years ago.

Bills limit student credit cards
07/23/08, Columbus Dispatch
Among a flurry of bills designed to rein in credit-card companies is a proposal that would make it harder for college students to qualify.

Credit cards are not helping the nation
07/23/08, HoumaToday.com
There was an eye-opening article in the newspaper recently, and boy, did it open these eyes. It was a discussion about credit-card debt. It seems like a lot of people are going under because of credit-card debt. The interest rate on that kind of loan is outrageous. I’m not saying credit-card use is bad.

Credit card debt on campus
07/14/08, CNNMoney.com
Been turned down for a credit card lately? Probably not if you're a teenager with no job and no credit history.

Anti-RAL efforts continue
06/07/08, Don't Mess With Taxes
High tax season is over, which means that the rush for refund anticipation loans, or RALs as they are usually called, also has quieted down.