Center for Responsible Lending
@CRLONLINE
We are a non-partisan research, analysis and advocacy organization focused on creating #FinancialFairness and economic opportunity for all. #DefendCFPB
“The law is clear. Only Congress holds the authority to dismantle the Department of Education," CRL vice president Mitria Spotser said in response to the Supreme Court's ruling allowing sweeping layoffs at the agency. More here: loom.ly/inXbPvI
Similar efforts to dismantle the SEC in the runup to the financial crisis illustrate how industry lobbyists have used Congress to starve financial regulators of funds needed to do their job and to weaken oversight, writes Mike Calhoun, @CRLONLINE. nationalmortgagenews.com/opinion/why-th…
Today! Hear Crystal German, Self-Help EVP, discuss the urgency of renewable energy solutions for climate justice at the 4:30 panel in the Climate in Color Hub Space at 116th #NAACPConvention.
Don't miss Self-Help EVP Crystal German on a panel discussing renewable energy solutions for climate justice on Monday at 4:30 pm at 116th #NAACPConvention.
Systemic barriers prevent Black borrowers from the resources they need to avoid debt and build wealth. #StudentDebt
The Education Department plan to restart student loan interest charges beginning Aug. 1 will push at least 7.8 million working families further into debt and force them to pay $3500 -- about $300 more a month -- in unnecessary interest charges every year.
"The Ocean State will no longer have payday loan sharks." - CRL Policy Counsel Monica Burks on #RhodeIsland becoming the 21st state to #StopTheDebtTrap of payday loans with a strong interest rate cap. #RIpol
“For many people who live paycheck to paycheck, this will be a financially devastating law. This act of Congress will take critical resources away from people with the least wealth, making it more likely they will go bankrupt,” said @CRLMike Calhoun. loom.ly/6Tg0qs4
“For many people who live paycheck-to-paycheck, this will be a financially devastating law. It should be repealed.” -President of @CRLMike Calhoun on Congress passing the big budget bill. #FinancialFairness #BigUglyBill #HR1 responsiblelending.org/media/congress…
Another way President Trump's big brutal bill would hurt low-income communities: putting them at greater risk of getting cheated by a predatory financial company.
The big brutal bill would cut Consumer Financial Protection Bureau funding to below what even CFPB directors from President Trump's first term determined was needed to protect consumers. #DefendCFPB 📊: @librarycongress
Defunding the CFPB = Defanging our Consumer Protection Watchdog. Demand that your elected officials stand up for hardworking consumers by calling 202-224-3121 to tell your representatives to #DefendCFPB!
The big brutal bill would cut Consumer Financial Protection Bureau funding to below what even CFPB directors from President Trump's first term determined was needed to protect consumers. #DefendCFPB 📊: @librarycongress
Defunding the CFPB = Defanging our Consumer Protection Watchdog. Demand your elected officials stand up for hardworking consumers everywhere! Call 202-224-3121 and tell your representatives to #DefendCFPB!
Longstanding payday lending reform policy poised for passage in Rhode Island this year: Compromise would make cap on loans take effect in 2027 @NancyKLavin @RICurrent loom.ly/O_yvgmU
As in many other states in the Midwest, wages in Indiana have not kept pace with escalating cost of living. This is why the existence of the CFPB remains vital - to protect the hard-earned assets of our most vulnerable populations. #DefendCFPB #ProtectConsumers @ProsperityInd
If the CFPB is shuttered, farmers and rural communities will face more financial challenges. It will be easier for banks, debt collectors, and payday lenders to scam people. #DefendCFPB #StopTheDebtTrap
As Housing Costs Go Up, HUD Proposes A 51 Percent Budget Cut According to the National Association of Home Builders, nearly 75 percent of families – 100.6 million households – cannot afford a median priced new home in 2025. @CharleneM2 @SeattleMedium loom.ly/ELhH0e8
"This decision has once again preserved the CFPB, which has survived several near-death experiences this year. @BankingGOP attempted to essentially zero out the CFPB by reducing the cap for funds that the @federalreserve can transfer to the agency to 0%." buff.ly/vBtJGUz
The latest #CFPB report doesn't counter research that raises concerns over #BNPL use, said @lsaundersnclc. “The June study does not refute the negative impacts of buy now, pay later credit found by other studies & surveys." #ProtectConsumers #Fintech paymentsdive.com/news/consumer-…
.@Revdrgould @FIAIntl The CFPB has been a great partner to people of faith because the protect vulnerable people. "Do not rob the poor, because they are poor." Proverbs 22:22 #DefendCFPB #ProtectConsumers