Center for Responsible Lending
@crlonline.bsky.social
We are a non-partisan research, analysis and advocacy organization focused on creating #FinancialFairness and economic opportunity for all.
#DefendCFPB
#DefendCFPB
Colorado borrowers have plenty of loan options even with rate limits, study shows @denverpost.com
“You can’t use a credit product to solve a structural difference between incomes and expenses,” said Andrew Kushner, a sr policy counsel CRL
https://loom.ly/NzY24a0
“You can’t use a credit product to solve a structural difference between incomes and expenses,” said Andrew Kushner, a sr policy counsel CRL
https://loom.ly/NzY24a0
Colorado borrowers have plenty of loan options even with rate limits, study shows
The Center for Responsible Lending failed to find a single low-income borrower with no access to credit in a study of more than 3,000 bankruptcies in the state.
www.denverpost.com
December 11, 2025 at 9:33 PM
Colorado borrowers have plenty of loan options even with rate limits, study shows @denverpost.com
“You can’t use a credit product to solve a structural difference between incomes and expenses,” said Andrew Kushner, a sr policy counsel CRL
https://loom.ly/NzY24a0
“You can’t use a credit product to solve a structural difference between incomes and expenses,” said Andrew Kushner, a sr policy counsel CRL
https://loom.ly/NzY24a0
Behind the Report Video: Watch Andrew Kushner, CRL senior policy counsel and author of our new report, explain why this research is so important. https://loom.ly/Udb3mqU
December 11, 2025 at 7:49 PM
Behind the Report Video: Watch Andrew Kushner, CRL senior policy counsel and author of our new report, explain why this research is so important. https://loom.ly/Udb3mqU
NEW Report: Buried in Debt shows that raising interest rate caps harms families who are already struggling to afford the high price of housing and other necessities. Download the report to learn how these trends affects your community. #StopTheDebtTrap https://loom.ly/0-2K6fU
December 11, 2025 at 4:13 PM
NEW Report: Buried in Debt shows that raising interest rate caps harms families who are already struggling to afford the high price of housing and other necessities. Download the report to learn how these trends affects your community. #StopTheDebtTrap https://loom.ly/0-2K6fU
“Buy-Now-Pay-Later loans may seem simple and safe, but they can lead to surprise fees and growing debt,” North Carolina Attorney General Jeff Jackson wrote in a statement Monday. https://www.heraldsun.com/news/business/article313314335.html
The Herald Sun
NC wants more answers from six leading ‘buy now, pay later’ lenders
www.heraldsun.com
December 4, 2025 at 9:52 PM
“Buy-Now-Pay-Later loans may seem simple and safe, but they can lead to surprise fees and growing debt,” North Carolina Attorney General Jeff Jackson wrote in a statement Monday. https://www.heraldsun.com/news/business/article313314335.html
"Earned wage access" apps like MoneyLion advertise zero percent interest, but most of the advances carry fees. The average APR grows to more than 800% once fees and tips are included. #StopTheDebtTrap #ProtectConsumers https://loom.ly/h57NL44
Critics warn apps keep consumers stuck in 'cycle of reborrowing'
About a quarter of all United State households are living paycheck to paycheck, according to new data released by Bank of America.
For many families, pay is just not keeping up with inflation. That’s why it can be tempting to turn to a short-term loan; however, critics warn technology can now trap people in a cycle of payday lending.
www.fox13memphis.com
December 2, 2025 at 8:06 PM
"Earned wage access" apps like MoneyLion advertise zero percent interest, but most of the advances carry fees. The average APR grows to more than 800% once fees and tips are included. #StopTheDebtTrap #ProtectConsumers https://loom.ly/h57NL44
Don’t Let Predatory Debt Traps Rob the Holiday Season’s Joy - App-based Loans Could Magnify Financial Stresses After Government Shutdown #StopTheDebtTrap #BlackFriday #BNPL
https://loom.ly/9TDx7Zs
https://loom.ly/9TDx7Zs
Don't Let Predatory Debt Traps Rob the Holiday Season's Joy
Learn how predatory lenders exploit financially strapped families during the holidays with high-cost loans. Avoid BNPL and EWA scams.
www.washingtoninformer.com
November 28, 2025 at 3:54 PM
Don’t Let Predatory Debt Traps Rob the Holiday Season’s Joy - App-based Loans Could Magnify Financial Stresses After Government Shutdown #StopTheDebtTrap #BlackFriday #BNPL
https://loom.ly/9TDx7Zs
https://loom.ly/9TDx7Zs
Reposted by Center for Responsible Lending
“Strong rules are especially important…most BNPL loans & that BNPL credit is disproportionately used by Black & Hispanic consumers, who already face disadvantages in the credit marketplace." #ProtectConsumers #Fintech #StopTheDebtTrap @crlonline.bsky.social www.washingtoninformer.com/holiday-cred...
Don't Let Predatory Debt Traps Rob the Holiday Season's Joy
Learn how predatory lenders exploit financially strapped families during the holidays with high-cost loans. Avoid BNPL and EWA scams.
www.washingtoninformer.com
November 21, 2025 at 6:37 PM
“Strong rules are especially important…most BNPL loans & that BNPL credit is disproportionately used by Black & Hispanic consumers, who already face disadvantages in the credit marketplace." #ProtectConsumers #Fintech #StopTheDebtTrap @crlonline.bsky.social www.washingtoninformer.com/holiday-cred...
Reposted by Center for Responsible Lending
“Payday loan apps that claim to be offering access to ‘earned wages’ are following a long line of payday lender attempts to evade the law so they can exploit people with rates over 300% APR,” said Lauren Saunders @nclc4consumers.bsky.social. @crlonline.bsky.social #EWA www.nclc.org/proposed-law...
Proposed Law Would Supercharge Predatory ‘Earned Wage’ Payday Lending
Legislation would open the door for payday loan apps to take even more from the already stretched-thin paychecks of military servicemembers and other workers.
www.nclc.org
November 20, 2025 at 2:51 PM
“Payday loan apps that claim to be offering access to ‘earned wages’ are following a long line of payday lender attempts to evade the law so they can exploit people with rates over 300% APR,” said Lauren Saunders @nclc4consumers.bsky.social. @crlonline.bsky.social #EWA www.nclc.org/proposed-law...
As families struggle with soaring costs for rent, groceries & basics, nearly 200 labor, consumer & civil rights groups are warning Congress: a bill the payday loan app industry is urging Congress to introduce would open the door to predatory payday loan apps. https://loom.ly/Uuzme1s
November 20, 2025 at 3:28 PM
As families struggle with soaring costs for rent, groceries & basics, nearly 200 labor, consumer & civil rights groups are warning Congress: a bill the payday loan app industry is urging Congress to introduce would open the door to predatory payday loan apps. https://loom.ly/Uuzme1s
“We are likely, given where house prices are today, to see much slower house appreciation over the next decade at least,” says Mike Calhoun, CRL President.
Read the full article from the Scotsman Guide: https://loom.ly/i04h_6w
Read the full article from the Scotsman Guide: https://loom.ly/i04h_6w
Experts warn of 50-year mortgage risks - Scotsman Guide
As affordability tightens, experts caution 50-year mortgages could lower payments but reduce equity, pushing more households into renting.
www.scotsmanguide.com
November 18, 2025 at 9:22 PM
“We are likely, given where house prices are today, to see much slower house appreciation over the next decade at least,” says Mike Calhoun, CRL President.
Read the full article from the Scotsman Guide: https://loom.ly/i04h_6w
Read the full article from the Scotsman Guide: https://loom.ly/i04h_6w
CFPB's Proposed ECOA Changes Will Weaken Fair Lending: Ending Agency's Role Will Increase Housing Inequality, Encourage Financial Predators
https://loom.ly/sEbx4rc
https://loom.ly/sEbx4rc
November 17, 2025 at 4:10 PM
CFPB's Proposed ECOA Changes Will Weaken Fair Lending: Ending Agency's Role Will Increase Housing Inequality, Encourage Financial Predators
https://loom.ly/sEbx4rc
https://loom.ly/sEbx4rc
Tomorrow: Join us at the NAREB Black Homeownership Summit to explore how Black wealth is hindered by redlining and algorithmic discrimination - and the bold strategies need to dismantle these barriers.
November 13, 2025 at 6:06 PM
Tomorrow: Join us at the NAREB Black Homeownership Summit to explore how Black wealth is hindered by redlining and algorithmic discrimination - and the bold strategies need to dismantle these barriers.
The Military Lending Act is a readiness tool. When servicemembers aren’t locked in high-cost debt, they stay deployable & focused. Weakening the MLA reintroduces a substantial readiness risk that DoD and Congress already solved. #ProtectConsumers #VeteransDay #KeeptheMLAstrong
November 11, 2025 at 8:49 PM
The Military Lending Act is a readiness tool. When servicemembers aren’t locked in high-cost debt, they stay deployable & focused. Weakening the MLA reintroduces a substantial readiness risk that DoD and Congress already solved. #ProtectConsumers #VeteransDay #KeeptheMLAstrong
Appellate Court Upholds Colorado’s Power to Block Predatory Out-of-State Bank Loans: Tenth Circuit Court of Appeals Finds that Federal Law Allows States to Opt to Enforce Their Interest Rate Limits
https://loom.ly/yFc5vr8
https://loom.ly/yFc5vr8
November 11, 2025 at 7:33 PM
Appellate Court Upholds Colorado’s Power to Block Predatory Out-of-State Bank Loans: Tenth Circuit Court of Appeals Finds that Federal Law Allows States to Opt to Enforce Their Interest Rate Limits
https://loom.ly/yFc5vr8
https://loom.ly/yFc5vr8
The current administration’s gutting of the #CFPB and dismissal of cases or light penalties levied against lenders for violations of the MLA harm service members #ProtectConsumers #KeeptheMLAstrong @starsandstripes.bsky.social #VeteransDay
https://loom.ly/0BZc5yg
https://loom.ly/0BZc5yg
Protect the Military Lending Act, which protects service members
MLA protections extend beyond imposing a 36% cost of credit cap on credit offered to service members and families.
www.stripes.com
November 11, 2025 at 6:04 PM
The current administration’s gutting of the #CFPB and dismissal of cases or light penalties levied against lenders for violations of the MLA harm service members #ProtectConsumers #KeeptheMLAstrong @starsandstripes.bsky.social #VeteransDay
https://loom.ly/0BZc5yg
https://loom.ly/0BZc5yg
As our nation pauses to honor those who have served, we also salute the principles they fought for. The Military Lending Act reflects those values by ensuring that those who wear the uniform—and their families—are protected from predatory debt traps. #VeteransDay #KeeptheMLAstrong #FinancialFairness
November 11, 2025 at 3:32 PM
As our nation pauses to honor those who have served, we also salute the principles they fought for. The Military Lending Act reflects those values by ensuring that those who wear the uniform—and their families—are protected from predatory debt traps. #VeteransDay #KeeptheMLAstrong #FinancialFairness
Join us at the NAREB Black Homeownership Summit to explore how Black wealth is hindered by redlining and algorithmic discrimination - and the bold strategies need to dismantle these barriers.
November 10, 2025 at 9:02 PM
Join us at the NAREB Black Homeownership Summit to explore how Black wealth is hindered by redlining and algorithmic discrimination - and the bold strategies need to dismantle these barriers.
New Rule Puts Politics in Education’s Public Service Loan Forgiveness: An Estimated 9 Million Borrowers Face Being Kicked Out of the Program https://loom.ly/K1Zzugo
@washingtoninformer.com
@washingtoninformer.com
New Rule Puts Politics in Education's Public Service Loan Forgiveness
New rule redefines eligibility for Public Service Loan Forgiveness Program, focusing on nonprofit employers. Millions of borrowers affected.
www.washingtoninformer.com
November 10, 2025 at 2:25 PM
New Rule Puts Politics in Education’s Public Service Loan Forgiveness: An Estimated 9 Million Borrowers Face Being Kicked Out of the Program https://loom.ly/K1Zzugo
@washingtoninformer.com
@washingtoninformer.com
“Debt settlement is specifically aimed at encouraging people to not pay their debts in hope that the company can reduce the debt load,” said Ellen Harnick CRL EVP. But you may end up in more debt than when you started. https://loom.ly/JIgQTms
Debt settlement secrets: Avoid scams
Curious about debt settlement? Find out what you need to know to avoid scams and select the right options for your financial health.
www.nbcdfw.com
November 7, 2025 at 5:37 PM
“Debt settlement is specifically aimed at encouraging people to not pay their debts in hope that the company can reduce the debt load,” said Ellen Harnick CRL EVP. But you may end up in more debt than when you started. https://loom.ly/JIgQTms
Reposted by Center for Responsible Lending
𝐖𝐡𝐚𝐭’𝐬 𝐇𝐚𝐩𝐩𝐞𝐧𝐢𝐧𝐠 𝐰𝐢𝐭𝐡 𝐭𝐡𝐞 𝐒𝐀𝐕𝐄 𝐏𝐥𝐚𝐧? The most affordable student loan repayment option is 𝐜𝐮𝐫𝐫𝐞𝐧𝐭𝐥𝐲 𝐛𝐥𝐨𝐜𝐤𝐞𝐝 𝐛𝐲 𝐭𝐡𝐞 𝐜𝐨𝐮𝐫𝐭𝐬, and Congress decided to eliminate it by July 2028. #ProtectBorrowers studentloanborrowerassistance.org/whats-happen...
What’s Happening with the SAVE Plan? - Student Loan Borrowers Assistance
The SAVE plan was created in 2023 as the most affordable student loan repayment option, but it’s currently blocked by the courts, and Congress decided to eliminate the plan by …
studentloanborrowerassistance.org
November 3, 2025 at 6:36 PM
𝐖𝐡𝐚𝐭’𝐬 𝐇𝐚𝐩𝐩𝐞𝐧𝐢𝐧𝐠 𝐰𝐢𝐭𝐡 𝐭𝐡𝐞 𝐒𝐀𝐕𝐄 𝐏𝐥𝐚𝐧? The most affordable student loan repayment option is 𝐜𝐮𝐫𝐫𝐞𝐧𝐭𝐥𝐲 𝐛𝐥𝐨𝐜𝐤𝐞𝐝 𝐛𝐲 𝐭𝐡𝐞 𝐜𝐨𝐮𝐫𝐭𝐬, and Congress decided to eliminate it by July 2028. #ProtectBorrowers studentloanborrowerassistance.org/whats-happen...
[email protected] Settlement Grants Loan Forgiveness for Millions of Student Borrowers. We urge the administration to build on this progress and deliver comprehensive relief for borrowers still struggling under the weight of student debt. https://loom.ly/9NjEXGM
October 22, 2025 at 2:24 PM
[email protected] Settlement Grants Loan Forgiveness for Millions of Student Borrowers. We urge the administration to build on this progress and deliver comprehensive relief for borrowers still struggling under the weight of student debt. https://loom.ly/9NjEXGM
Read the new CRL policy brief for an important update on federal & state developments as well as recommendations for protecting borrowers: "Nickel and Dimed: How Payday Loan Apps Drain Workers’ Pay and How to Stop Them." #StopTheDebtTrap www.responsiblelending.org/research-pub...
October 16, 2025 at 6:30 PM
Read the new CRL policy brief for an important update on federal & state developments as well as recommendations for protecting borrowers: "Nickel and Dimed: How Payday Loan Apps Drain Workers’ Pay and How to Stop Them." #StopTheDebtTrap www.responsiblelending.org/research-pub...
New Policy Brief on Payday Loan Apps Draining Workers’ Pay: Fintech companies are using smartphones to issue predatory loans that they deny are loans, lobbying for legal exemptions, defending against lawsuits for violations of credit laws. #StopTheDebtTrap https://loom.ly/2i_zlo8
October 16, 2025 at 4:16 PM
New Policy Brief on Payday Loan Apps Draining Workers’ Pay: Fintech companies are using smartphones to issue predatory loans that they deny are loans, lobbying for legal exemptions, defending against lawsuits for violations of credit laws. #StopTheDebtTrap https://loom.ly/2i_zlo8
As #HispanicHeritageMonth comes to a close, we reaffirm our efforts to close the racial wealth gap and end predatory lending for all.
October 15, 2025 at 3:44 PM
As #HispanicHeritageMonth comes to a close, we reaffirm our efforts to close the racial wealth gap and end predatory lending for all.
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
October 14, 2025 at 9:07 PM
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