CRL in the News

Americans are slipping ever deeper into hock. To cope, many people turn to debt consolidation loans, cash-out mortgage refinancing and retirement plan loans that promise relief but could leave them worse off. Paying off high-rate debt such as credit cards with lower-rate loans may seem like a no-brainer. Unfortunately, many of these loans have hidden costs and drawbacks. And consolidation...

As graduation approached and they started looking for jobs in 2010, Jacqueline Franklin, Jami Reichardt, Bridgette Collins, and about 14 other women at the Sanford Brown Institute in Trevose came to a harsh realization: Their for-profit school wasn’t accredited for its ultrasound program even though they had each borrowed tens of thousands of dollars from the federal government to go...

Ent Credit Union is facing a class action overdraft protection lawsuit, which alleges the financial institution charged unfair overdraft fees when accounts had a positive account balance. The claim was filed by two consumers, each alleging different experiences of unfair overdraft fees that allegedly violated Ent’s overdraft protection policy.

Nearly 300 bills died last week in the Democrat-dominated Nevada Legislature. Outnumbered Republicans were far from the only ones left to mourn the casualties. Progressive activists were flummoxed by a number of bills either heavily amended or scrapped ahead of the first major bill passage deadline. From hiking the minimum wage to regulating “predatory” payday lenders to eliminating cash bail...

The Consumer Financial Protection Bureau will unveil debt collection rules in a few weeks, the agency’s director said Wednesday, potentially unleashing a battle over the industry’s tactics and consumers’ rights. The proposal, which would be the first update to the Fair Debt Collection Practices Act in more than 40 years, will address how often debt collectors can call someone and...

The Consumer Financial Protection Bureau's new director said Wednesday that she plans to use the agency's tools to focus on preventing consumer harm, outlining an agenda that includes rethinking the supervisory...

DURHAM – Karen Turrentine, 66, a former hairdresser, retired in 2004 because she suffers with lupus, scleroderma, and rheumatoid arthritis. Turrentine said she was just getting over a bout of sickness when she was threatened with eviction following an altercation with a neighbor.

One rainy afternoon early in February 2018, a procession of consumer experts and activists made their way to the headquarters of the Consumer Financial Protection Bureau in Washington to meet Mick Mulvaney, then the bureau’s acting director. The building — an aging Brutalist layer cake, selected by the bureau’s founders for the aspirational symbolism of its proximity to the White...

RALEIGH, N.C. — A bill to increase bounced check fees, and double some loan origination fees, moved forward at the statehouse Tuesday with a boost from House Republican leadership. House Bill 327 would increase the state cap on returned check fees from $25 to $35, raising that fee for the first time in more than 20 years.

According to a recent report by the Center for Responsible Lending, in our County, we have 12 payday stores which annually drain over 2M in fees from consumers, the majority of whom have low incomes, are people of color, and reside in 48197/98. The maxim “it costs more to be poor” has never been more evident than in how payday...