Press Releases

DURHAM, NC. -- Calling fee-based overdraft programs now being used by 1,000 banks and other financial institutions "a hidden and unfair tax on the most vulnerable depositors," 54 national advocacy groups -- including the Center for Responsible Lending (CRL), National Community Reinvestment Coalition, National Consumer Law Center and ACORN -- are calling on the Federal Reserve Board to implement minimum...

Download the full report (PDF) DURHAM, N.C. -- North Carolina's 1999 landmark anti-predatory lending law, the first of its kind in the country, saved consumers at least $100 million in predatory lending costs in its first year without drying up the availability of subprime credit for low-income borrowers in the state, according to a new study released today by the...

More than 200 national advocacy groups including the Coalition for Responsible Lending, AARP, Consumers Union, ACORN, NAACP, Consumer Federation of America, National League of Cities and National Council of La Raza joined 44 state Attorneys General in supporting an Office of Thrift Supervision (OTS) proposed rule change that would help prevent a predatory lending practice that costs 500,000 American homeowners...

WASHINGTON, D.C., July 25 -- The North Carolina-based Coalition for Responsible Lending (CRL) today released a major new report showing that predatory lending practices cost U.S. borrowers an estimated $9.1 billion annually. The U.S. Senate Banking, Housing and Urban Affairs Committee is to hold hearings on July 26-27th on predatory lending abuses and possible reforms. Spokesman Martin Eakes will testify...