Press Releases

Bill Eliminates Critical Consumer Protections and Safeguards Against Another Economic Meltdown WASHINGTON, DC –The Center for Responsible Lending (CRL), along with the National Community Reinvestment Coalition, and the National Consumer Law Center, announced opposition to and released an analysis of S. 2155, a harmful financial deregulation bill. The measure, the most significant since Dodd-Frank, is scheduled for markup tomorrow in...

"The line in the sand is clear, you’re either siding with the payday lenders or you’re siding with consumers." WASHINGTON, D.C. – Today, Rep. Dennis Ross (R-Fla.), along with Rep. Alcee Hastings (D-Fla.), Tom Graves (R-Ga.), Henry Cuellar (D-Texas), Steve Stivers (R-Ohio), and Collin Peterson (D-Minn.), introduced a Congressional Review Act (CRA) resolution that would repeal the new payday and...

Credit: Salt Lake City Tribune’s Pat Bagley WASHINGTON, D.C. – Mick Mulvaney, who was unlawfully named as Acting Director of the Consumer Financial Protection Bureau (CFPB), has been excoriated by news outlets for his disturbing ties to the exploitative payday lending industry. His cozy relationship is especially concerning as the CFPB will be charged with implementing its recently issued consumer...

WASHINGTON, D.C. - The House Committee on Education and the Workforce is expected to begin deliberations next week on a proposal for reauthorization of the Higher Education Act of 1965. The prior reauthorization expired in 2013 and was extended. The Congressional Budget Office is also expected to score the bill over the next few days. In an initial review of...

Negotiated rule making process will include various education and consumer advocates from across the country. *Advisory for Monday, Dec 4 to Thursday, Dec 7, 2017* WASHINGTON, D.C. – On Monday, December 4, 2017, at approximately 9 a.m. ET the Center for Responsible Lending (CRL) along with various advocacy organizations including the Maryland Consumer Rights Center, will participate in the U.S...

OAKLAND, CALIF. – On November 29, California Attorney General Xavier Becerra sued Ashford University, a for-profit and online college based in San Diego. The suit alleges that Ashford made false promises and provided false information to boost enrollment. Illegal debt collection practices and misleading information given to investors and the Securities and Exchange Commission are also alleged. In response, Graciela...

WASHINGTON, D.C. – Today, Judge Timothy J. Kelly of the U.S. District Court for the District of Columbia denied a request for a temporary restraining order to keep Office of Management and Budget (OMB) Director Mick Mulvaney from serving as Acting Director of the Consumer Financial Protection Bureau (CFPB). Center for Responsible Lending Senior Policy Counsel Melissa Stegman issued the...

WASHINGTON, D.C. – In case you missed it, Center for Responsible Lending (CRL) President Mike Calhoun was on CNN and NPR, calling out the unlawful attempt to name Mick Mulvaney as Acting Director of the Consumer Financial Protection Bureau (CFPB) and advocating for the appointment of a Director who is committed to protecting consumers. Watch the CNN segment Listen the...

WASHINGTON, D.C. - National civil rights groups are standing behind Leandra English, Deputy Director and Acting Director of the Consumer Financial Protection Bureau (CFPB), as the lawful Acting Director of the Consumer Bureau. Acting Director English filed a federal lawsuit last night against the Trump Administration challenging the unlawful appointment of Mick Mulvaney as head of the CFPB. The National...

WASHINGTON, D.C. – Center for Responsible Lending’s President Mike Calhoun released the following statement tonight after Leandra English, Deputy Director and Acting Director of the Consumer Financial Protection Bureau (CFPB), filed a federal lawsuit against the Trump Administration challenging the unlawful appointment of Mick Mulvaney as head of the CFPB: Instructions under the Dodd-Frank and Wall Street Reform and Consumer...