CRL in the News

Critics say much of the money will go to people who can afford to pay it back. But Jaylon Herbin of the Center for Responsible Lending says it will help low income Americans recover from a pandemic that’s hit them disproportionately. "Working class families, they're the ones who take out debt at a higher rate," Herbin said. "They're the ones...

“If the Supreme Court accepts this deeply flawed argument against C.F.P.B. funding, it would set a dangerous precedent that would be used to challenge agencies with legally indistinguishable funding, including the Federal Reserve, F.D.I.C., Medicare and Social Security,” said Nadine Chabrier, a senior policy and litigation counsel at the nonpartisan research group Center for Responsible Lending.

One of my favorite quotes comes from the 2000 political drama "The Contender." In it, the vice presidential nominee, Laine Hanson, explains her refusal to neither confirm nor deny the sexist smear campaign against her with one sentence: "Principles only mean something if you stick by them when they're inconvenient." Twenty-three years later, I find myself thinking about that line...

“If the Supreme Court accepts this deeply flawed argument against C.F.P.B. funding, it would set a dangerous precedent that would be used to challenge agencies with legally indistinguishable funding, including the Federal Reserve, F.D.I.C., Medicare and Social Security,” said Nadine Chabrier, a senior policy and litigation counsel at the nonpartisan research group Center for Responsible Lending.

While acknowledging the Bureau’s earlier efforts to rein in high-cost overdraft fees, Nadine Chabrier, a Senior Policy Counsel with the Center for Responsible Lending says more must be done to protect consumers from other costly junk fees. “These charges wreak havoc on household budgets,” said Chabrier. “We applaud President Biden for highlighting their harm… We are encouraged that the consumer...

In comments submitted last spring, the Center for Responsible Lending, a consumer advocacy group, praised the revamped procedural rules, saying they would strengthen "the ability of the agency to protect consumers and the rights of respondents subject to agency action." Allowing bifurcated proceedings, for example, mirrors how cases can be handled in federal court, promotes case law development and "saves...

It’s become more expensive to carry debt in recent months since the Federal Reserve has been raising interest rates to try to get inflation under control. That may be contributing to the increase in credit card balances in a couple of ways, according to David Silberman at the Center for Responsible Lending. “As interest rates go up, the amount of...

A dozen advocacy groups, led by the Center for Responsible Lending, wrote to the Office of the Comptroller of the Currency and the Federal Reserve Bank of Philadelphia in August, urging them to curb the deal over the amount TD collects in overdraft fees.

The Prison Policy Initiative, a criminal justice policy think tank, and the National Consumer Law Center, along with 27 other organizations, including the Center for Responsible Lending, and Southern Poverty Law Center, signed the letter. It explained that incarcerated people are often hit with fees for phone calls and messaging services, electronic monitoring and post-arrest diversion programs.

“Saying that people who are in hard financial straits need access to this kind of credit is sort of like giving a starving person rotten food,” Whitney Barkley-Denney, senior policy counsel at the Center for Responsible Lending, told The Intercept. “It makes them sicker than they were in the first place. People who borrow with payday loans find themselves facing...