CRL in the News

Caution: If you're someone who grabs money management tips after a quick read of a headline or two on Twitter, take note. Don't bank on getting a big break yet on your college debt. "College students who are graduating this year should not count on having their student loans forgiven," said Mark Kantrowitz, publisher and vice president of research for...

Ten years after the financial crisis and Great Recession, WalletHub measured the financial literacy of each state. The average grade? No higher than a B, with most states falling in the D+ to B- range. The reason? Little to no financial education. “We don’t learn personal finance anywhere in school —some schools have very limited financial education — so for...

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...

Kelly Tornow of the Center for Responsible Lending discusses a new study on the shortcoming of for-profit colleges and the debt-load those students face versus those who attend traditional public four-year institutions. Learn more about the failings of for-profit colleges.

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.