Press Releases

Interactive Map and Fact Sheets Break Down Numbers DURHAM, N.C. – The Center for Responsible Lending (CRL) released, “ The State of For-Profit Colleges” today, featuring an interactive map that enumerates for-profit colleges by state and fact sheets that indicate, in most states, the disproportionate harms on low-income families, communities of color and women. With certain exceptions, the scroll-over map...

WASHINGTON, D.C. – A Government Accountability Office (GAO) letter released earlier this week in response to a Congressional inquiry threatens to undermine the Consumer Financial Protection Bureau’s (Consumer Bureau) 2013 indirect auto lending guidance. This important guidance is a key step to limit discriminatory impact of dealer interest rate markups in the auto lending industry. In the letter, the GAO...

Agency’s Independence Is Necessary to Its Mission, Groups Say WASHINGTON, D.C. – The U.S. Consumer Financial Protection Bureau’s (CFPB) independence from external political influence is crucial to the agency’s mission of protecting consumers, 10 groups told a court today in an amicus brief (PDF) filed in the U.S. District Court for the District of Columbia. The groups are Public Citizen...

Mulvaney’s Call for Congress to Rescind Basic Borrower Protection Shows He Sides with Loan Sharks Over Consumers WASHINGTON, DC – OMB Director Mick Mulvaney, who is unlawfully behaving as Acting Director of the Consumer Financial Protection Bureau (CFPB), last night voiced support for a Congressional Review Act to repeal the Consumer Bureau rule on payday and car-title loan debt traps...

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...