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Center for Responsible Lending

@crlonline.bsky.social
977 followers 73 following 228 posts

We are a non-partisan research, analysis and advocacy organization focused on creating #FinancialFairness and economic opportunity for all.

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Center for Responsible Lending @crlonline.bsky.social · 8h
Webinar: Register now for 'Beyond Predatory Lending: Building Pathways to Wealth Through Community and Faith-Based Financial Solutions' 🗓️ Nov 10 | 7–8:15 PM 💻 loom.ly/snsyOQ4
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Center for Responsible Lending @crlonline.bsky.social · 15/09/2026
New CRL & NAACP joint policy brief: How Payday Loan Apps Target Communities of Color — and How to Avoid Them. These apps are marketed as a modern fix for today's affordability crisis, but they recreate the same #DebtTraps as traditional payday lending. loom.ly/Qx-pxLY
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National Consumer Law Center @nclc4consumers.bsky.social · 14/09/2026
#𝐇𝐑𝟕𝟖𝟔𝟔 𝐢𝐬 𝐚𝐧 𝐚𝐧𝐭𝐢-𝐚𝐟𝐟𝐨𝐫𝐝𝐚𝐛𝐢𝐥𝐢𝐭𝐲 𝐛𝐢𝐥𝐥. It would undermine state interest rate protections, make it easier for high-cost lenders to impose triple-digit rates, and add thousands of dollars to the annual cost of borrowing. Congress must vote NO. #StopTheDebtTrap @crlonline.bsky.social
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Center for Responsible Lending @crlonline.bsky.social · 15/09/2026
URGENT: 2 dangerous bills aim to make it easier for predatory lenders to profit off families in financial distress. Send a letter to the House Financial Services Committee right now urging them to vote NO on #HR7866 and #HR10184. #StopTheDebtTrap loom.ly/I1-avGY
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Center for Responsible Lending @crlonline.bsky.social · 14/09/2026
We're honored to see CRL's Jaylon Herbin in the CBC Power 100 among other dynamic stars in law, politics, business, and medicine. Come meet Jaylon and others from the CRL, Self Help & Julian Bond Institute teams this week at CBCF #CBCF #ALC55 (Booth #711). loom.ly/-d6giMs
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Julian Bond Institute @julianbondinst.bsky.social · 09/09/2026
We talked to residents of Atlanta’s Westside neighborhood about the need for tailored, holistic, and community-informed solutions to access financial security and wealth building. The findings serve as a national model for providing more inclusive access. Read more at loom.ly/1DOqZ1I
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Julian Bond Institute @julianbondinst.bsky.social · 01/09/2026
Watch the newest episode of JBI's podcast, the Viewpoint, where we discuss #BuyNowPayLater and the credit reporting agencies with JP Morgan's Makada Henry-Nickie. Subscribe on your podcast platform: loom.ly/IosXcm4 #BNPL #JBIViewpoint
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Center for Responsible Lending @crlonline.bsky.social · 28/08/2026
The fact that EarnIn does not call its product a loan does not make it so. Thank you @coattnygeneral.bsky.social for working to #StopTheDebtTrap of payday loans.
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Julian Bond Institute @julianbondinst.bsky.social · 28/08/2026
Watch a sneak peek of our next podcast episode! JBI's Sara Weiss discusses #BuyNowPayLater and the credit reporting agencies with JP Morgan Chase's Makada Henry-Nickie. #BNPL #JBIViewpoint
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Center for Responsible Lending @crlonline.bsky.social · 27/08/2026
Most States Ban Predatory Loans. Lenders Are Using This Loophole to Charge 150% APRs Anyway “These loans are like poison to people's long-term financial prospects,” says Mike Calhoun, CRL president. loom.ly/6ZWMONc
money.com
Most States Ban Predatory Loans. Lenders Are Using This Loophole to Charge 150% APRs Anyway
This niche lending loophole could soon become federal policy, setting off an APR arms race with grave consequences for borrowers.
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Center for Responsible Lending @crlonline.bsky.social · 21/08/2026
Lenders like OppFi and Enova worsen wealth and income disparities, trapping borrowers in cycles of debt. The #FederalReserve and #OCC should deny their bids to own a national bank and spread more financial misery to working people. #PaydayLoanApps #DebtTrap
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Center for Responsible Lending @crlonline.bsky.social · 19/08/2026
Fintech lenders set up consumer and small business borrowers to fail with triple-digit APR loans. Read why 120 groups say regulators should deny their bank applications. loom.ly/r8OZuQk #PredatoryLending #FederalReserve #OCC
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Julian Bond Institute @julianbondinst.bsky.social · 30/07/2026
Crystal German, new president of Julian Bond Institute “Crystal’s decades of experience advancing inclusive economic opportunity and managing critical programs as well as her financial business expertise make her a perfect fit to lead JBI,” said CRL President Mike Calhoun. loom.ly/J7rWulU
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Center for Responsible Lending @crlonline.bsky.social · 19/07/2026
Predatory Auto Lending Exploits Black Consumers: Higher car costs, double-digit interest rates, misleading sales tactics drive historic delinquency loom.ly/R8XFhz4
milwaukeecourier.com
Predatory Auto Lending Exploits Black Consumers: - The Milwaukee Courier
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 learned that the average cost of a new car was $49,307, and that used cars averaged $25,918, according to Cox Automotive.  &...
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Center for Responsible Lending @crlonline.bsky.social · 18/07/2026
Legal challenges, differing timelines spur confusion for federal student loan borrowers loom.ly/AsMi79I
wral.com
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.
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Center for Responsible Lending @crlonline.bsky.social · 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: loom.ly/O4FfqpE #FinancialInclusion #PredatoryLending #FairLending
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National Association of Consumer Advocates @consumeradvocates.bsky.social · 16/07/2026
Acting CFPB Director Russell Vought was back in front of Congress today to face questions from Senators over the Bureau's actions under his watch. Some highlights and lowlights from today's proceedings 1/13
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Center for Responsible Lending @crlonline.bsky.social · 16/07/2026
CRL joined @nclc4consumers.bsky.social in supporting Colorado’s authority to enforce its interest-rate limits against out-of-state state-chartered banks and their non-bank lending partners. #RentABank Read our amicus brief: loom.ly/M37SBu4
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National Consumer Law Center @nclc4consumers.bsky.social · 16/07/2026
.@warren.senate.gov's report attributes up to $15B to the #CFPB abandoning an $8 cap on most credit card late fees, $7.5B to the repeal of the overdraft fee rule, and the remainder to three dozen dropped enforcement actions & settlements. #ProtectConsumers @cnbc.com www.cnbc.com/2026/07/16/t...
cnbc.com
Sen. Warren says Trump's CFPB overhaul has cost Americans $26.5 billion
Sen. Elizabeth Warren says the Trump administration's rollback of CFPB rules and enforcement has cost Americans up to $26.5 billion so far.
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CFPB Union @nteu335.bsky.social · 15/07/2026
“If the company can simply turn, go behind the scenes and take a shortcut and undo years of work simply because they know the right people or have whispered in the right ears, it's incredibly corrosive to the ability of the government to pursue public justice."
bloomberg.com
Vought Gutted America’s Consumer Watchdog — Now Congress Seeks Answers
Trump's CFPB head has let big businesses walk away from enforcement actions while changing how the bureau operates.
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National Consumer Law Center @nclc4consumers.bsky.social · 15/07/2026
Upon taking over the #CFPB, Russell Vought issued a stop work order preventing CFPB staff from helping families at risk of imminent foreclosure, and leaving 16,000 consumer complaints in limbo. #ProtectConsumers
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Julian Bond Institute @julianbondinst.bsky.social · 14/07/2026
Excited to speak at the NAACP National Convention on building pathways to wealth and protecting families from predatory lending. 📅 July 18 | 🕑 2–3:15 PM 📍 In the Hub Join us! @crlonline.bsky.social @naacp.org #NAACPConvention #FinancialJustice #NAACPConvention #FinancialJustice #EconomicJustice
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Julian Bond Institute @julianbondinst.bsky.social · 09/07/2026
Many student loan borrowers are financially strained, and policy changes will make it harder to keep up. Read the new JBI policy brief at loom.ly/-Uhci48
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Center for Responsible Lending @crlonline.bsky.social · 08/07/2026
Let’s not revive the predatory mortgages Barney Frank eliminated loom.ly/GfBY1FU
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Congresswoman Ayanna Pressley @pressley.house.gov · 01/07/2026
I introduced an amendment to ensure that states have the authority to take action to improve consumer protections. And Republicans voted it down. Grateful Massachusetts is leading the way & protecting consumers who were victims of predatory earned wage access products.
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Public News Service @publicnewsservice.bsky.social · 01/07/2026
New report from @crlonline.bsky.social: 77% of Black Gen Z and 70% of Latino Gen Z want to build generational wealth — despite facing steep barriers to do it. 23% of Black millennials own homes vs. 51% of white millennials. Black Gen Z is 3x more likely to have used a payday loan app. #WealthGap
app.publicnewsservice.org
Report: Why are young people of color locked out of wealth building?
A new national report showed young Black and Latino Floridians want to own homes, start businesses and build wealth for their families at rates matching or exceeding their white peers
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Center for Responsible Lending @crlonline.bsky.social · 30/06/2026
Payday loan apps drain wages from workers’ paychecks before families can cover basic needs. Help us to #StopTheAppTrap and ensure that all payday loan apps are accurately regulated and transparent! Take Action: bit.ly/no9330
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Center for Responsible Lending @crlonline.bsky.social · 25/06/2026
Payday loan apps drain wages from workers’ paychecks before families can cover basic needs. Let’s #StopTheAppTrap and ensure that all payday loan apps are accurately regulated and transparent! TAKE ACTION: bit.ly/no9330
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National Association of Consumer Advocates @consumeradvocates.bsky.social · 24/06/2026
Earned wage access apps are just payday loans in disguise. Let’s #StopTheAppTrap and ensure that all payday loan apps are accurately regulated and transparent! Take Action and tell Congress to vote NO on H.R. 9330: bit.ly/no9330
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Center for Responsible Lending @crlonline.bsky.social · 25/06/2026
New Poll Finds Voters Across Parties Agree "Earned Wage Access" Payday Loan Apps Should Play by the Same Rules as Banks and Other Lenders - Rates should be capped at 36% and follow other consumer protections loom.ly/86WGQbs #ProtectConsumers #FinancialFairness
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Center for Responsible Lending @crlonline.bsky.social · 25/06/2026
Payday loan apps drain wages from workers’ paychecks before families can cover basic needs. Let’s #StopTheAppTrap and ensure that all payday loan apps are accurately regulated and transparent! TAKE ACTION: bit.ly/no9330
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Center for Responsible Lending @crlonline.bsky.social · 24/06/2026
Payday loan apps are just predatory loans with a fancy tech wrapper. Write to your representatives today to tell them to Vote NO on HR 9330 and demand that these apps abide by our current credit laws. Take Action Here: bit.ly/no9330 #StopTheAppTrap
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Center for Responsible Lending @crlonline.bsky.social · 17/06/2026
ICYMI: There's still time to register for TODAY's webinar which will explore key findings from CRL's NEW report, "We Woke Up to Them Taking Our Car": Borrowers' Experiences with Subprime Auto Lending. bit.ly/crl0617 #SubprimeLending #FinancialFairness
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Center for Responsible Lending @crlonline.bsky.social · 16/06/2026
With auto loan delinquencies and defaults as well as vehicle repossessions at the highest levels since the Great Recession, today we released a new report, “‘We Woke Up to Them Taking Our Car’: Borrowers’ Experiences with Subprime Auto Lending.” Read the report: loom.ly/H6TXUps
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Center for Responsible Lending @crlonline.bsky.social · 11/06/2026
Next Wednesday: Join us for a webinar which will explore key findings from CRL's upcoming report, "We Woke Up to Them Taking Our Car": Borrowers' Experiences with Subprime Auto Lending. bit.ly/crl0617 #SubprimeLending #FinancialFairness
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Center for Responsible Lending @crlonline.bsky.social · 08/06/2026
Join us for a webinar which will explore key findings from CRL's upcoming report, "We Woke Up to Them Taking Our Car": Borrowers' Experiences with Subprime Auto Lending. bit.ly/crl0617 #SubprimeLending #FinancialFairness
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Center for Responsible Lending @crlonline.bsky.social · 05/06/2026
Regulators should reject high-cost lenders' bank charter applications - by Mike Calhoun in American Banker loom.ly/bDbiSSw
americanbanker.com
Regulators should reject high-cost lenders' bank charter applications
Applications from Enova International and Opportunity Financial for national bank charters present a danger to consumers. The Federal Reserve and Office of the Comptroller of the Currency should block them.
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Center for Responsible Lending @crlonline.bsky.social · 03/06/2026
ICYMI: Yesterday CRL joined advocates from all over the country to urge lawmakers to protect and fully fund the CFPB, and support policies that curb high-cost lending and payday loan apps. #CAD2026 #FinancialFairness
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Consumer Federation of America @consumerfed.bsky.social · 02/06/2026
Packed house for our Consumer Advocacy Day kickoff breakfast, we are ready to urge lawmakers to address the growing threat of high-cost lending #debttraps, oppose efforts to weaken consumer protections for #EWA payday loan apps, and defend the #CFPB #CAD2026
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National Consumer Law Center @nclc4consumers.bsky.social · 02/06/2026
Attacks on the CFPB are 𝐡𝐮𝐫𝐭𝐢𝐧𝐠 𝐬𝐭𝐫𝐮𝐠𝐠𝐥𝐢𝐧𝐠 𝐟𝐚𝐦𝐢𝐥𝐢𝐞𝐬. We're in DC for Consumer Advocacy Day to call on Congress to 𝐬𝐭𝐚𝐧𝐝 𝐮𝐩 𝐟𝐨𝐫 𝐭𝐡𝐞 𝐂𝐅𝐏𝐁 𝐚𝐧𝐝 𝐭𝐡𝐞 𝐜𝐨𝐧𝐬𝐮𝐦𝐞𝐫𝐬 𝐢𝐭 𝐡𝐞𝐥𝐩𝐬. #CAD2026 #ProtectConsumers
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Indiana Community Action Poverty Institute @incap.bsky.social · 02/06/2026
👀 Look at these consumer advocates asking for a 36% maximum APR, to call Earned Wage Access what it is - a payday loan app - and fund the Consumer Financial Protection Bureau. #ProtectConsumers #CAD2026
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Center for Responsible Lending @crlonline.bsky.social · 02/06/2026
CRL is joining advocates from across the country in DC today to urge lawmakers to protect and fully fund the CFPB, and support policies that curb predatory lending and strengthen consumer protections. #CAD2026 #FinancialFairness
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National Consumer Law Center @nclc4consumers.bsky.social · 21/05/2026
Consumer advocates have fiercely opposed Enova’s proposed deal, noting the company has faced charges that it violated federal consumer financial protection laws. 1/2 #ProtectConsumers #RentaBank #Fintech #StopTheDebtTrap www.nclc.org/broad-coalit...
nclc.org
Broad Coalition Urges Congress to Oppose Unaffordable 100%+ APR Bank Loans
Groups Urge Lawmakers to Reject Enova and OppFi’s National Bank Applications and to Support State and Federal Interest Rate Limits WASHINGTON – Today, over 100 consumer, civil rights, and community or...
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Center for Responsible Lending @crlonline.bsky.social · 22/05/2026
Thank you @warren.senate.gov & @vanhollen.senate.gov for working to stop new high-cost loans in states with interest rate caps. The OCC & @federalreserve.gov must stop Enova from merging with Grasshopper Bank. #NoPredatoryBanks #ProtectBorrowers news.bloomberglaw.com/banking-law/...
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Center for Responsible Lending @crlonline.bsky.social · 21/05/2026
Federal banking regulators should reject Enova's bid to buy a national bank because it would allow them to issue high-cost loans in states with interest rate caps, said @warren.senate.gov @vanhollen.senate.gov. #StopTheDebtTrap news.bloomberglaw.com/banking-law/...
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Julian Bond Institute @julianbondinst.bsky.social · 14/05/2026
Today we release Ambition Without Access — the first nationally representative survey of financial experiences and aspirations at the intersection of race and generation. julianbondinstitute.org/2050-survey 5,269 Americans. Four racial groups. Four generations. Here’s what we found. 🧵 ↓
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Center for Responsible Lending @crlonline.bsky.social · 13/05/2026
Senate Democrats plan to force votes on CFPB rollbacks “Today, we are going to hear from 20 senators about how the Trump administration has hurt American families by rolling back commonsense CFPB rules.." Sen. @elizabeth-warren.bsky.social loom.ly/KZoVllg
apnews.com
AP Exclusive: Senate Democrats plan to force votes on Consumer Financial Protection Bureau rollbacks
Senate Democrats plan to force Republicans to go on record about the Trump administration's dismantling of the Consumer Financial Protection Bureau.
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Julian Bond Institute @julianbondinst.bsky.social · 05/05/2026
Save the Date! JBI will host a cross-community conversation to accompany our first major report: "Ambition Without Access: Race, Generation, and the Barriers to Wealth Building in America." #JBI2050 Register now: bit.ly/jbi0514
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Consumers for Auto Reliability and Safety @autosafety4all.bsky.social · 22/04/2026
No Californian should be trapped in a 364% interest rate debt spiral. CARS is proud to support #AB2558 to bring fairness to #California's lending market. Stop legalized loan sharks! #CALEG @crlonline.bsky.social @nclc4consumers.bsky.social @consumercal.bsky.social
media.tenor.com
a pixel art of a monster sitting at a desk with the words cash money written on it
ALT: a pixel art of a monster sitting at a desk with the words cash money written on it
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National Consumer Law Center @nclc4consumers.bsky.social · 23/04/2026
A disproportionate number of complaints against Enova were generated in predominantly Black and Latino communities, raising questions of equity and disparate impact. @crlonline.bsky.social @civilrightsorg.bsky.social @legaldefensefund.bsky.social #Fintech #RentaBank www.nclc.org/fed-urged-to...
nclc.org
Fed Urged to Reject Bank Application that Would Greenlight Enova’s 100% APR Loans Nationwide
Civil Rights and Consumer Groups Warn Approval Would Harm Communities of Color
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