Consumer Finance

CRL monitors developments across the consumer finance sector and acts to protect people’s pocketbooks from financial misconduct so families can build financial stability. This includes advocating for enforcement of laws banning discrimination based on race, national origin, sex, and other protected characteristics. CRL also fights to defend the Consumer Financial Protection Bureau, a crucial government watchdog that was established in the wake of the 2008 Financial Crisis to stop predatory practices. We support the development of policy and regulatory infrastructure needed to ensure an equitable green lending marketplace for all consumers. 

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Comments to the Federal Trade Commission on Remedying Unfair and Deceptive Practices in the Marketplace

Comments to the Federal Trade Commission on Remedying Unfair and Deceptive Practices in the Marketplace

The Holder Rule is one of the most important actions the Commission has ever taken in preventing and remedying unfair and deceptive practices in the marketplace. When a seller of a good or service originates or helps arrange credit, the Rule allows consumers to raise the seller’s misconduct as a basis for bringing claims or defenses against the entity holding...
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Comment Letter
Consumer Finance

Oppose H.R. 4294 Legislation to Weaken Protections for Retirement Savers

Oppose H.R. 4294 Legislation to Weaken Protections for Retirement Savers

This letter urges Chairman Kevin Brady and Ranking Member Sander Levin to reject H.R. 4294, the "SAVERS Act," and support the Department of Labor's (DoL) effort to strengthen retirement income security for working families and retirees. Far from being a pro-retirement security alternative to DoL rulemaking, the legislation would weaken the already inadequate protections afforded by current outdated regulations.
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Letters to Congress
Consumer Finance

Oppose FY 2017 Appropriations Bills that Contain Inappropriate Ideological Policy Riders

Oppose FY 2017 Appropriations Bills that Contain Inappropriate Ideological Policy Riders

The organizations represented on this sign-on letter asked President Obama to oppose any FY 2017 appropriations bills which include inappropriate ideological policy riders. Appropriations bills have been used before to undermine essential safeguards through "policy riders" – provisions that address extraneous policy issues, and are slipped into appropriations bills to win approval as part of must-pass funding legislation. Last year...
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Letters to Congress
Consumer Finance

Oppose H.R. 766 the Financial Institution Customer Protection Act of 2015

Oppose H.R. 766 the Financial Institution Customer Protection Act of 2015

This letter to Chairman Pete Sessions and Ranking Member Louise Slaughter urges a strong opposition to H.R. 766, the Financial Institution Customer Protection Act of 2015, introduced by Representative Luetkemeyer. The bill will hamper critical Department of Justice and banking regulator efforts to detect fraud and money laundering, putting consumers and financial institutions at risk of serious financial loss. It...
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Letters to Congress
Consumer Finance

Oppose H.R. 4293 Legislation to Weaken Protections for Retirement Savers

Oppose H.R. 4293 Legislation to Weaken Protections for Retirement Savers

As strong supporters of the Department of Labor's (DoL) effort to strengthen retirement income security for working families and retirees, the undersigned on this letter urge the rejection of H.R. 4293, the "Affordable Retirement Advice Protection Act." Far from being a pro-retirement security alternative to DoL rulemaking, the legislation would weaken the already inadequate protections afforded by current outdated regulations...
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Letters to Congress
Consumer Finance

Proposed Final Judgment and Competitive Impact Statement: One Main and Springleaf Holdings

Proposed Final Judgment and Competitive Impact Statement: One Main and Springleaf Holdings

The Center for Responsible Lending1 submits this comment to provide additional context about the consumer installment loan market, in particular to highlight issues unaddressed by the proposed settlement with One Main and Springleaf. In this letter, the undersigned organizations bring to your attention three areas of concern that the settlement did not address, but which have a significant impact on...
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Comment Letter
Consumer Finance

Proposed Final Judgment and Competitive Impact Statement: One Main and Springleaf Holdings

Proposed Final Judgment and Competitive Impact Statement: One Main and Springleaf Holdings

The Center for Responsible Lending submits this comment to provide additional context about the consumer installment loan market, in particular to highlight issues unaddressed by the proposed settlement with One Main and Springleaf. In this letter, the undersigned organizations bring to your attention three areas of concern that the settlement did not address, but which have a significant impact on...
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Consumer Finance

Don't Give Corporations an "Ignorance of the Law" Defense

Don't Give Corporations an "Ignorance of the Law" Defense

The 40 undersigned organizations oppose inclusion in any criminal justice reform package of "mens rea" (state of mind) provisions that would make it harder for prosecutors to criminally prosecute companies and corporate executives that engage in criminal wrongdoing. Specifically, there are various mens rea proposals, including mens rea legislation proposed in the Senate, that are premised on the belief that...
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Letters to Congress
Consumer Finance

Oppose H.R. 712 Sunshine for Regulatory Decrees and Settlements Act of 2015

Oppose H.R. 712 Sunshine for Regulatory Decrees and Settlements Act of 2015

On behalf of our millions of members and supporters nationwide, these 45 groups urge the opposition of the so-called "Sunshine for Regulatory Decrees and Settlements Act of 2015" (H.R. 712), which would undermine citizen enforcement of our laws and impede the resolution of consumer protection, anti-discrimination, environmental protection, and other important cases before our federal courts. H.R. 712 targets consent...
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Letters to Congress
Consumer Finance

Oppose Appropriations Bills that Contain Inappropriate and Ideological Policy Riders

Oppose Appropriations Bills that Contain Inappropriate and Ideological Policy Riders

The organizations represented on this sign-on letter asked President Obama to oppose any appropriations bill that contains inappropriate and ideological policy riders. With the passage of the framework bill for funding the government, has turned to how to allot the monies and what may be attached. Appropriations bills have been used before to undermine essential safeguards through "policy riders" –...
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Letters to Congress
Consumer Finance
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