Press Releases

WASHINGOTN, D.C. – The Center for Responsible Lending (CRL) joined The Leadership Conference on Civil and Human Rights and 46 other national civil rights organizations in announcing new principles for the reauthorization of the Higher Education Act (HEA). The principles are rooted in boosting college access for all students and addressing the student loan debt crisis. The HEA was first passed in 1965 at the height of the civil rights movement in response to public demands from communities of color that the federal government do more to expand higher education opportunities for students. While

*** MEDIA ADVISORY FOR WEDNESDAY, MAY 2, 2018 *** WASHINGTON, D.C. – On Wednesday, May 2, at approximately 8:45 a.m. ET, the Center for Responsible Lending (CRL), NAACP, National Fair Housing Alliance, National Coalition for Asian Pacific American Community Development, The Leadership Conference on Civil and Human Rights, National Urban League, and other national civil rights organizations will convene in Washington, D.C., to host a symposium honoring the 50th year of the Fair Housing Act. At the event, CRL will present a new research report that examines Federal Housing Administration (FHA)

At bankers’ conference, Mick Mulvaney signaled that the CFPB would prevent public access to the Consumer Complaint Database – a critical tool for spotting patterns of financial abuse. WASHINGTON, D.C. – Yesterday, amidst his revealingly nonchalant remarks about engaging in pay-to-play politics as a Congressman, Mick Mulvaney, the Consumer Financial Protection Bureau’s (CFPB) illegitimate Acting Director, told 1,300 bankers and other financial industry officials gathered at a conference that nothing in the law requires for him to maintain public access to the CFPB’s Consumer Complaint Database

WASHINGTON, D.C. - A New York Times story has reported that Mick Mulvaney, the unlawful Acting Director of the Consumer Financial Protection Bureau (CFPB) and the current Director of Office and Management and Budget (OMB), told more than 1,000 bankers and lending industry officials at the American Bankers Association’s (ABA) Government Relations Summit in Washington, D.C., that when he was a U.S. Congressman he would only meet with lobbyists if they contributed to his campaign. “ We had a hierarchy in my office in Congress...If you’re a lobbyist who never gave us money, I didn’t talk to you

WASHINGTON, D.C. – Today, the Office of the Comptroller of the Currency (OCC) and the Consumer Financial Protection Bureau (CFPB) issued a $1 billion fine against Wells Fargo, ordered the bank to make restitution to customers harmed by its practices, and required certain management changes. The enforcement action was triggered by the bank’s auto finance practices over recent years that led to an estimated 800,000 consumers pushed into auto insurance they did not need, an estimated 274,000 customers being pushed into delinquency, and wrongful vehicle repossessions estimated to be around 25,000

Car lending industry and their allies in Congress have consistently attacked the CFPB auto lending guidance despite clear evidence showing that, for decades, car dealer markups have led to discriminatory lending Several Civil Rights organizations urge Members to vote “no” on repealing guidance that protects against unlawful discrimination WASHINGTON, D.C. – Tomorrow, the U.S. Senate is expected to schedule a vote on Congressional Review Act (CRA) resolution S.J. Res 57, which was introduced by U.S. Senator Jerry Moran (R-Kan.) to undo the Consumer Financial Protection Bureau’s (CFPB) 2013

Oregonians Suffer Liens and Wage Garnishment for Unproven Debts DURHAM, N.C. – Debt buyers are clogging Oregon’s court system with lawsuits often based on sworn statements that the debts are owed, and with no requirement for backup documentation. A new research report by the Center for Responsible Lending (CRL) analyzes court records and complaints to the Consumer Financial Protection Bureau (CFPB) and finds that a system tilted in favor of debt buyers puts Oregonians on the hook for $18 million per year in judgments for likely unproven debts. Oregon law makes it easy for debt buyers to obtain

Under questioning from Senator Elizabeth Warren, Mulvaney unconvincingly defends his attempts to kill the consumer watchdog he now heads CRL report documented the failures of other regulators in the run-up to crisis and argued for creation of the Consumer Financial Protection Bureau WASHINGTON, D.C. – Today in testimony before the U.S. Senate Banking Committee, Mick Mulvaney, the de-facto head of the Consumer Financial Protection Bureau (CFPB), sang his familiar but frightening tune: the CFPB should never have been created and if the agency were to be abolished, other federal financial

As Mulvaney, the “Acting Director” of the Consumer Financial Protection Bureau, testifies before Congress, ConsumersUnderAttack.Org shows how he has favored predatory lenders over American consumers WASHINGTON, D.C. – Today, as Mick Mulvaney, the unlawfully appointed Acting Director of the Consumer Financial Protection Bureau (CFPB), testifies before the House Financial Services Committee, consumer groups announce the launch of a website, www.ConsumersUnderAttack.org, which documents the many ways that his actions are harming consumers. The website was created by the Center for Responsible

Payday lenders’ legal challenge to important CFPB protections would keep working families stuck in crippling debt traps WASHINGTON, D.C. – By filing a legal challenge to an important Consumer Financial Protection Bureau (CFPB or Consumer Bureau) rule, payday lenders are seeking to avoid consumer protections against harmful business models that keep distressed borrowers in a cycle of debt, members of the Stop the Debt Trap coalition said today. Led by the Community Financial Services Association of America (CFSA) and the Consumer Service Alliance of Texas, the payday lending industry filed a