Center for Responsible Lending

30/07/2026

19/07/2026

Predatory Auto Lending Exploits Black Consumers: Higher car costs, double-digit interest rates, misleading sales tactics drive historic delinquency https://loom.ly/R8XFhz4

Higher car costs, double-digit interest rates, misleading sales tactics drive historic delinquency  Nearly 92 percent of American households rely on a personal vehicle to manage their daily lives.  Consumers shopping for a vehicle in May le...

18/07/2026

Legal challenges, differing timelines spur confusion for federal student loan borrowers
July 1, loan service providers started the process of reaching out to borrowers to start their 90-day deadline to switch from the SAVE repayment plan. However, everyone's timeline won't be same. https://loom.ly/AsMi79I

July 1, loan service providers started the process of reaching out to borrowers to start their 90-day deadline to switch from the SAVE repayment plan. However, everyone's timeline won't be same.

17/07/2026

High-cost loans from lenders like OppFi and Enova do not promote financial inclusion for communities of color. They extract from communities already facing barriers to fair credit.
Read CRL's report on how predatory lenders trap borrowers in unaffordable debt: https://loom.ly/O4FfqpE

16/07/2026

CRL joined the National Consumer Law Center in supporting Colorado’s authority to enforce its interest-rate limits against out-of-state state-chartered banks and their non-bank lending partners when they make loans to Colorado residents. Read our amicus brief: https://loom.ly/M37SBu4

08/07/2026

Let’s not revive the predatory mortgages Barney Frank eliminated https://loom.ly/GfBY1FU

As regulators review Dodd-Frank, it is important to maintain its core requirements that lenders verify borrowers’ ability to repay, that the market operate with transparency, and that borrowers understand what they are agreeing to before they sign.

01/07/2026

In 2025, subprime borrowers had an average loan size of $22,500 and an average interest rate of 18.9% over a 5.5-year term. Auto loan debt is now the second largest household debt after mortgages.
Read our new report: https://loom.ly/H6TXUps

30/06/2026

Payday loan apps drain wages from workers’ paychecks before families can cover basic needs.

Help us to Stop The App Trap and ensure that all payday loan apps are accurately regulated and transparent!
Take Action: https://bit.ly/no9330

30/06/2026

Webinar: Student Loan Repayment Updates - CRL's Jaylon Herbin will join NAACP's Wisdom Cole, Keturah Butler-Reed, Keisha Bross, Demar Roberts, Protect Borrowers' Aissa Canchola Banez, and Debt Collective's Dr Shamell Bell tonight at 7pm ET. https://loom.ly/6nhofwg

25/06/2026

Payday loan apps drain wages from workers’ paychecks before families can cover basic needs. Let’s stop the app trap and ensure that all payday loan apps are accurately regulated and transparent! Take Action: https://bit.ly/no9330