Testimony

Watch the recorded testimony of Mitria Spotser before United States House of Representatives Committee on Financial Services on the importance of protecting consumers in an evolving marketplace.

CRL submitted this letter for the record on the Subcommittee on Higher Education and Workforce Development hearing entitled, "Breaking the System: Examining the Implications of Biden's Student Loan Policies for Students and Taxpayers."

CRL policy counsel Monica Burks recommends Vermont lawmakers decline to codify an Earned Wage Advance business model that could risk enabling payday lending-like debt traps in a state with an 18% usury cap.

The Center for Responsible Lending submitted a letter for the record on the House Committee on Financial Services’ Subcommittee on Financial Institutions and Monetary Policy hearing entitled, “Consumer Financial Protection Bureau: Ripe for Reform.” The letter details the importance of the CFPB and draws on new data from Republican polling firm Chesapeake Beach Consulting and Democratic firm Lake Research Partners shows that 79 percent of voters across the political spectrum – including 64 percent of independents and 75 percent of Republicans – overwhelmingly support the mission of the CFPB to...

On December 14th, Mitria Spotser, a consultant for the Center for Responsible Lending (CRL) testified before the House Committee on Veterans Affairs hearing on a discussion draft bill, the VA Housing Loan Forever Act of 2022. Her written testimony is available for download and the recorded video is available below.

On August 18, 2022, Nadine Chabrier, senior litigation and policy counsel for the Center for Responsible Lending, provided testimony at a public meeting of the Office of the Comptroller of the Currency (OCC) and the Federal Reserve System on the proposed merger of TD Bank and First Horizon Bank.

On June 29, 2022, Mike Calhoun, CRL's president, testified before the House Committee on Financial Services for a hearing entitle, “Boom and Bust: Inequality, Homeownership, and the Long-Term Impacts of the Hot Housing Market.” His written testimony is available for download. Watch a recording of the hearing:

On March 21, 2022, CRL submitted written testimony to the U.S. House of Representatives Committee on Small Business Subcommittee on Oversight, Investigations, and Regulations for the hearing, “ An Empirical Review of the Paycheck Protection Program.”

On November 2, 2021, Marisabel Torres, director of California Policy, CRL testified before the House Task Force on Financial Technology. Her written testimony as well as her oral remarks are available for download. Watch the live hearing:

On September 1, 2021, Tracy Ward, director of the SBA 504 Loan Program at Self-Help Ventures Fund testified before the House Committee on Small Business. Her written testimony as well as her oral remarks are available for download. Watch the live hearing: Ward focused on the following recommendations, which we believe are necessary to correct inequities in the PPP forgiveness process: Avoid “gotcha” denials of loan forgiveness due to sudden changes in SBA rules imposed without advance notice by requiring SBA to retroactively apply a standard 30- day grace period for effectiveness of PPP rules...