CRL in the News

Student loan debt is swelling for graduates across the country. But according to a new report, the crisis is hitting students of color the hardest – and widening the racial wealth gap in the process. The National Association for the Advancement of Colored People (NAACP) and the Center for Responsible Lending (CRL) released a report titled “Quicksand: Borrowers Of Color...

National student debt has reached the trillion-dollar mark and some senators want to cancel it, proposing huge amounts of money to do so. But it turns out - 10-thousand dollars might do the trick. Market Watch looked at a new analysis from the center for responsible lending. It suggests just 10 grand might make a difference for a huge amount...

The race to become the Democratic nominee for president has brought the idea of mass and even total student-debt cancellation into the spotlight. A new analysis suggests that even a relatively small amount of debt relief would make a difference to a large share of student-loan borrowers. Cancelling $10,000 of every federal student-loan borrower’s debt would wipe out the federal...

Araceli Panameño, Center for Responsible Lending "vaya a la página de internet de la comisión federal de comercio, busque ahí la información acerca de este acuerdo, regístrese para recibir correos electrónicos". El acuerdo final está sujeto al visto bueno de una corte federal en los próximos meses.

FIRST LOOK: NAACP TO PUT SPOTLIGHT ON STUDENT DEBT:Student loan debt is unsustainable for many student borrowers — especially borrowers of color, the Center for Responsible Lending and the NAACP warn in a new research report. — The report will be released today in conjunction with the NAACP’s national convention in Detroit, which is expected to draw 10,000 attendees. The...

Credit union advocates and lawmakers are arguing over the benefit of overdraft protection credit union programs as the CFPB considers new rules. The Consumer Financial Protection Bureau (CFPB) has recently been soliciting public opinion on potential changes to the rules that govern overdraft fees. In a financial climate where consumers are growing increasingly frustrated with excessive overdraft fees, changes to...

Our team sat down and spoke with Cheye-Ann Corona, Senior Policy Associate with the Center for Responsible Lending (CRL), to have her shed some light on common issues in the student loan industry. The CRL is part of the Self-Help Credit Union, a member-owned credit union, non-profit loan fund, and policy advocacy organization that works to help low-income families strengthen...

In the wake of the financial crisis, the Consumer Financial Protection Bureau (CFPB) was established to stop predatory financial activity central to the collapse. For years, the CFPB has stood up to financial predators, holding companies acting in bad faith accountable for wrongdoing and returning $12 billion of ill-gotten profits to consumers. When the CFPB saw predatory payday and auto...

The higher education system is broken, but instead of fixing it, the Department of Education is intent on breaking it even more. The gainful employment rule was an Obama-era regulation that protected against the predatory loan practices of for-profit colleges by monitoring their students’ ability to earn back their debt after graduation. Last week, the Department of Education repealed it...

The question of what will happen in mortgage lending after the government-sponsored enterprise (GSE) Patch expire in January 2021 is the focus of a new report published by the Center for Responsible Lending (CRL). “ A Smarter Qualified Mortgage Can Benefit Borrowers, Taxpayers, and the Economy” calls on the Consumer Financial Protection Bureau (CFPB) to formulate a strategy that would...