Press Releases

State lawmakers should prevent such abuses before they occur DURHAM, N.C. – On Friday, New York Attorney General Letitia James and Department of Financial Services Superintendent Maria T. Vullo announced a settlement with ACS Education Services, now Conduent Education Services, that will require the student loan servicer to pay $9 million for deceiving student loan borrowers about their repayment options...

OAKLAND, CALIF. – In his inauguration speech earlier today, Governor Gavin Newsom criticized abusive payday lenders as special interest who target California’s most vulnerable populations, “… Polluters who threaten our coastline and pay-day lenders who target our most vulnerable…interests like these still have a tight grip on power. But here in California, we have the power to stand up to...

DURHAM, NC. – In response to the nation’s still-spiraling student loan debt, the Center for Responsible Lending (CRL) convened a day-long summit to examine the impacts and solutions for North Carolina. People from around the state gathered at the Durham Convention Center for this working conference and included a wide variety of stakeholders that included: banks, colleges and universities, as...

WASHINGTON, D.C. – Today, upon the Senate voting on party lines to confirm Kathy Kraninger for Director of the Consumer Financial Protection Bureau (CFPB), Center for Responsible Lending Senior Legislative Counsel Yana Miles issued the following statement: Mulvaney’s tenure at the CFPB wasn’t public service—it was service to predatory lenders. The Administration’s pattern of nominating unqualified, political candidates to important...

WASHINGTON, D.C. – El Senado de los Estados Unidos se prepara para la votación final para confirmar a Kathy Kraninger, actual directora adjunta de la Oficina de Administración y Presupuesto (OMB, por sus siglas en inglés), como directora de la agencia de protección del consumidor (CFPB, por sus siglas en inglés). Hace un año, el actual director del OMB, y...

November 27, 2018 By Yana Miles A year ago today, the Trump Administration’s budget chief Mick Mulvaney took over as head of the Consumer Financial Protection Bureau (CFPB) and launched a campaign of sabotage against the agency’s mission and work. Mulvaney’s tenure provides ample reason for the Senate to reject Kathy Kraninger’s nomination for permanent Director of the CFPB. The...

WASHINGTON, D.C. – Today, the Center for Responsible Lending, Americans for Financial Reform, and other leading national labor, civil rights, consumer advocacy, fair housing, and legal services organizations responded in a joint comment to the Office of the Comptroller of the Currency’s (OCC) Advance Notice of Proposed Rulemaking (ANPR) on how the agency should update Community Reinvestment Act (CRA) procedures...

Broad Coalition has Urged Agency to Maintain Guidance That Guards Against Unaffordable Loans By Banks WASHINGTON, D.C. – The Federal Deposit Insurance Corporation (FDIC) yesterday issued a Request for Information (RFI) on small-dollar lending by banks. Existing FDIC policies have kept predatory lending by FDIC-supervised banks largely at bay, and they should not be weakened. Civil rights, faith, and consumer...

Campaign led by representatives of highly impacted communities garnered support from over 50 veterans’ groups, faith groups, lawmakers of both political parties, and both urban and rural communities OAKLAND, C.A.– Coloradans have come together to stop predatory payday lending by passing a 36% cap on annual interest rates for payday loans. Today’s results make Colorado the fifth state to affirm...

WASHINGTON, D.C. – This evening, several news outlets are reporting that Congressional Democrats have gained control of the U.S. House of Representatives. Media wires are also showing that Republicans have kept their majority in the U.S. Senate. Center for Responsible Lending (CRL) Executive Vice President Debbie Goldstein released the following statement: We look forward to working with this new Congress...