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Center for Responsible Lending @crlonline.bsky.social · 16h

CRL stands with #FederalWorkers. Today, members of Congress spoke outside the #CFPB, where staff face RIF warnings—just days after the entire CDFI Fund team was illegally terminated. These workers are vital to ensuring fair, affordable financial services for all. #ConsumerProtection

Center for Responsible Lending @crlonline.bsky.social · 7d

Illegal firing of federal employees puts Americans at risk of predatory lending! #DefendCFPB
CRL signed onto an amicus brief supporting NTEU’s request for en banc review at the US Court of Appeals for the DC Circuit. Learn more and read the brief: https://loom.ly/prJcYp8

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Center for Responsible Lending @crlonline.bsky.social · 11d

Want to learn more about why these apps are just #PaydayLoans in disguise? Read our new report: www.responsiblelending.org/research-pub...
#StopTheDebtTrap #ProtectConsumers

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Center for Responsible Lending @crlonline.bsky.social · 11d

View the full report, "Escalating Debt: The Real Impact of Payday Loan Apps Sold as Earned Wage Advances (EWA)" www.responsiblelending.org/research-pub...

Center for Responsible Lending @crlonline.bsky.social · 11d

Christelle Bamona, CRL senior researcher & a co-author of the report, said rising use “is not a signal of satisfaction” with the product. Rather the pattern suggests workers are continually trying to make up for a shortfall in their paychecks resulting from repeated loans & fees.

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Center for Responsible Lending @crlonline.bsky.social · 11d

Some Workers Are Turning to Pay-Advance Apps for Basic Expenses - These tools can carry costs akin to those of traditional payday loans.
https://www.nytimes.com/2025/10/03/your-money/cash-advance-apps-workers-expenses.html

nytimes.com

Pay-advance apps are marketed as a way to help workers living paycheck to paycheck pay for unexpected expenses, but workers are often using the apps to manage basic expenses like groceries, rent and other needs, a new report found.

www.nytimes.com

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Reposted by Center for Responsible Lending

PHADA_USA @phadausa.bsky.social · 19d

Yesterday, PHADA's Michael Webb participated in a roundtable the Congressional Black Caucus Foundation hosted by Rep. Pressley and Rep. Cleaver. The roundtable discussed ways to expand and streamline affordable housing to continue serving low-income families. #ALC54

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Center for Responsible Lending @crlonline.bsky.social · 19d

Thank you @econaction.bsky.social for gathering community leaders and legislators today to fight for an affordability agenda. Rohit Chopra delivered a powerful keynote including calling out payday loan apps.
#PaydayLoanApps #DebtTrap

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Center for Responsible Lending @crlonline.bsky.social · 19d

Thank you @cleaver.house.gov for joining us at #NAREB #ALC54 and for being a staunch ally in the fight for affordable housing. #MadeForThisMoment #DemocracyInHousing

Center for Responsible Lending @crlonline.bsky.social · 19d

"There is no future of the housing market unless you and your clients are at the very center of homeownership. That is why we are #MadeForThisMoment." Mitria Wilson Spotser #NAREB #ALC54 #DemocracyInHousing

Center for Responsible Lending @crlonline.bsky.social · 20d

“Housing serves as a pathway to opportunity - not a barrier to it.” @ItsLisaRice.bsky.social @natfairhouse.bsky.social #ALC54 #MadeForThisMoment
#DemocracyInHousing

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Center for Responsible Lending @crlonline.bsky.social · 20d

CRL is proud to partner with NAREB in advocacy and community partnerships. “Advocacy is not optional. It’s essential.” Danny Felton, NAREB #ALC54 #MadeForThisMoment
#DemocracyInHousing

Center for Responsible Lending @crlonline.bsky.social · 20d

Starting soon - join us!

National Fair Housing Alliance @natfairhouse.bsky.social · 20d

The NAREB Breakfast session “Closing the Gap” starts tomorrow at 9AM! Join NFHA's President & CEO @itslisarice.bsky.social + #fairhousing & fair lending experts discussion on equitable access to homeownership & wealth-building opportunities. #ALC54 #MadeForThis Moment

Center for Responsible Lending @crlonline.bsky.social · 20d

New fact sheet from the Center for Responsible Lending:
Student loan borrower protections are under threat.

2025 changes mean higher costs, fewer safeguards, & more uncertainty for millions.

Read more 👉 https://loom.ly/wnNELgw

#StudentDebt #HigherEd

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Center for Responsible Lending @crlonline.bsky.social · 20d

Tomorrow: Join CRL's Mitria Wilson Spotser and NFHA's @itslisarice.bsky.social at the NAREB Legislative Breakfast on Thursday, September 24 at 9am. www.nareb.com #BlackRealEstateProfessionals #Realtist #ItsAGreatTimeToBeARealtist

Center for Responsible Lending @crlonline.bsky.social · 22d

New CRL Report on the Real Impact of Payday Loan Apps: Escalating Debt -
New data show apps multiply costs and financial insecurity for borrowers – puncturing industry claims.
#PaydayLoanApps #StopTheDebtTrap #ConsumerProtection
https://loom.ly/lfC8yRU

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Center for Responsible Lending @crlonline.bsky.social · 22d

New CRL Report “Escalating Debt: The Real Impact of Payday Loan Apps Sold as Earned Wage Advances (EWA)” Data show apps multiply costs and financial insecurity for borrowers – puncturing industry claims
#StopTheDebtTrap #ConsumerProtection #DebtTrap
https://loom.ly/XzG2Q6k

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Center for Responsible Lending @crlonline.bsky.social · 25d

CRL Welcomes Seema Agnani to Its Board of Directors - “Seema's decades of leadership in housing and community development will help strengthen CRL’s work to ensure a fair and inclusive financial marketplace,” said Martin Eakes, CRL CEO. https://loom.ly/s03emRs

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Center for Responsible Lending @crlonline.bsky.social · 25d

Join CRL's Mitria Wilson Spotser and NFHA's @itslisarice.bsky.social at the NAREB Legislative Breakfast on Thursday, September 24 at 9am. www.nareb.com #BlackRealEstateProfessionals #Realtist #ItsAGreatTimeToBeARealtist

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Center for Responsible Lending @crlonline.bsky.social · 26d

“This rule would add powers Congress never authorized and inject uncertainty into a program that millions rely on to plan their careers and finances,” said Jaylon Herbin, director of federal campaigns at CRL. “The proposal sets a dangerous precedent...” www.responsiblelending.org/media/crl-ur...

Center for Responsible Lending @crlonline.bsky.social · 26d

This week CRL submitted a comment on the PSLF program to emphasize how the proposed rule’s vague and ambiguous standards would undermine program integrity, create a dangerous precedent for future administrations, and ultimately harm borrowers and the communities they serve.
https://loom.ly/iudw18A

Center for Responsible Lending @crlonline.bsky.social · Sep 4

In the 30 states that allow payday lending, these loans drained more than $2.4 billion in fees in a single year from low-income borrowers. In 2022 alone, borrowers took out over 20 million loans, for a total of nearly $8.6 billion. https://loom.ly/zC6uJlc

Payday Loan Traps: Here’s How to Break Free

Learn smart, legal ways to eliminate payday loan debt and get relief. We’ll walk you through real options, even if you’re behind on payments.

www.nationaldebtrelief.com

Center for Responsible Lending @crlonline.bsky.social · Aug 31

Payday Lender Restrictions Weaken, as Christian Orgs Step In: Millions of Americans borrow loans with triple-digit interest rates each year. Tennessee just sent those costs even higher. https://loom.ly/FMfsSEE

Payday Lender Restrictions Weaken, as Christian Orgs Step In - Christianity Today

Millions of Americans borrow loans with triple-digit interest rates each year. Tennessee just sent those costs even higher.

www.christianitytoday.com

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Center for Responsible Lending @crlonline.bsky.social · Aug 30

Student Loan Delinquency Drops 2.2 Million Borrower Credit Scores by 100 Points or More https://loom.ly/HAdSEMo

Student Loan Delinquency Drops 2.2 Million Borrower Credit Scores by 100 Points or More

By Charlene Crowell, Senior Fellow, Center for Responsible Lending At least 2.2 million delinquent student loan borrowers have seen their credit scores drop by 100 points or more since loan servicers resumed reporting to credit bureaus in the first quarter of this year.

www.linkedin.com

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Center for Responsible Lending @crlonline.bsky.social · Aug 28

There’s a new wave of predatory lenders on the market. “Cash-advance" make millions off of outrageous APR & hidden fees. Some borrowers are paying 4-figure interest rates — but these fintech companies still ask for a tip. #StopTheDebtTrap @moreperfectunion.bsky.social www.youtube.com/shorts/xgnnu...

Predatory Apps Are Manipulating Borrowers Into Tipping

YouTube video by More Perfect Union

www.youtube.com

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