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.
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. https://loom.ly/Qx-pxLY
September 15, 2026 at 5:40 PM
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. https://loom.ly/Qx-pxLY
Reposted by Center for Responsible Lending
#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
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
September 14, 2026 at 6:45 PM
#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
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
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 https://loom.ly/I1-avGY
#StopTheDebtTrap https://loom.ly/I1-avGY
September 15, 2026 at 2:25 PM
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 https://loom.ly/I1-avGY
#StopTheDebtTrap https://loom.ly/I1-avGY
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). https://loom.ly/-d6giMs
September 14, 2026 at 7:12 PM
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). https://loom.ly/-d6giMs
Reposted by Center for Responsible Lending
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 https://loom.ly/1DOqZ1I
September 9, 2026 at 3:50 PM
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 https://loom.ly/1DOqZ1I
Reposted by Center for Responsible Lending
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: https://loom.ly/IosXcm4
#BNPL #JBIViewpoint
#BNPL #JBIViewpoint
September 1, 2026 at 4:18 PM
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: https://loom.ly/IosXcm4
#BNPL #JBIViewpoint
#BNPL #JBIViewpoint
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.
Attorney General Weiser today announced a lawsuit against Activehours, Inc., which does business as EarnIn, for illegally providing high cost payday loans to tens of thousands of Colorado consumers: https://bit.ly/45TfMnP
August 28, 2026 at 3:56 PM
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.
Reposted by Center for Responsible Lending
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
August 28, 2026 at 3:33 PM
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
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.
https://loom.ly/6ZWMONc
“These loans are like poison to people's long-term financial prospects,” says Mike Calhoun, CRL president.
https://loom.ly/6ZWMONc
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.
money.com
August 27, 2026 at 7:23 PM
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.
https://loom.ly/6ZWMONc
“These loans are like poison to people's long-term financial prospects,” says Mike Calhoun, CRL president.
https://loom.ly/6ZWMONc
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
August 21, 2026 at 1:04 PM
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
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. https://loom.ly/r8OZuQk #PredatoryLending #FederalReserve #OCC
August 19, 2026 at 8:08 PM
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. https://loom.ly/r8OZuQk #PredatoryLending #FederalReserve #OCC
Reposted by Center for Responsible Lending
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. https://loom.ly/J7rWulU
“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. https://loom.ly/J7rWulU
July 30, 2026 at 7:02 PM
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. https://loom.ly/J7rWulU
“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. https://loom.ly/J7rWulU
Predatory Auto Lending Exploits Black Consumers: Higher car costs, double-digit interest rates, misleading sales tactics drive historic delinquency https://loom.ly/R8XFhz4
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. &...
milwaukeecourier.com
July 19, 2026 at 2:27 PM
Predatory Auto Lending Exploits Black Consumers: Higher car costs, double-digit interest rates, misleading sales tactics drive historic delinquency https://loom.ly/R8XFhz4
Legal challenges, differing timelines spur confusion for federal student loan borrowers
https://loom.ly/AsMi79I
https://loom.ly/AsMi79I
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.
www.wral.com
July 18, 2026 at 6:33 PM
Legal challenges, differing timelines spur confusion for federal student loan borrowers
https://loom.ly/AsMi79I
https://loom.ly/AsMi79I
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: https://loom.ly/O4FfqpE
#FinancialInclusion #PredatoryLending #FairLending
Read CRL's report: https://loom.ly/O4FfqpE
#FinancialInclusion #PredatoryLending #FairLending
July 17, 2026 at 6:35 PM
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: https://loom.ly/O4FfqpE
#FinancialInclusion #PredatoryLending #FairLending
Read CRL's report: https://loom.ly/O4FfqpE
#FinancialInclusion #PredatoryLending #FairLending
Reposted by Center for Responsible Lending
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
Some highlights and lowlights from today's proceedings
1/13
July 16, 2026 at 7:20 PM
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
Some highlights and lowlights from today's proceedings
1/13
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: https://loom.ly/M37SBu4
#RentABank
Read our amicus brief: https://loom.ly/M37SBu4
July 16, 2026 at 7:33 PM
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: https://loom.ly/M37SBu4
#RentABank
Read our amicus brief: https://loom.ly/M37SBu4
Reposted by Center for Responsible Lending
[email protected]'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 www.cnbc.com/2026/07/16/t...
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.
www.cnbc.com
July 16, 2026 at 5:27 PM
[email protected]'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 www.cnbc.com/2026/07/16/t...
Reposted by Center for Responsible Lending
“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."
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.
www.bloomberg.com
July 15, 2026 at 12:29 PM
“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."
Reposted by Center for Responsible Lending
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
July 15, 2026 at 2:45 PM
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
Reposted by Center for Responsible Lending
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
📅 July 18 | 🕑 2–3:15 PM
📍 In the Hub
Join us!
@crlonline.bsky.social @naacp.org
#NAACPConvention #FinancialJustice
#NAACPConvention #FinancialJustice #EconomicJustice
July 14, 2026 at 8:42 PM
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
📅 July 18 | 🕑 2–3:15 PM
📍 In the Hub
Join us!
@crlonline.bsky.social @naacp.org
#NAACPConvention #FinancialJustice
#NAACPConvention #FinancialJustice #EconomicJustice
Reposted by Center for Responsible Lending
Many student loan borrowers are financially strained, and policy changes will make it harder to keep up. Read the new JBI policy brief at https://loom.ly/-Uhci48
July 9, 2026 at 7:22 PM
Many student loan borrowers are financially strained, and policy changes will make it harder to keep up. Read the new JBI policy brief at https://loom.ly/-Uhci48
Let’s not revive the predatory mortgages Barney Frank eliminated https://loom.ly/GfBY1FU
July 8, 2026 at 6:39 PM
Let’s not revive the predatory mortgages Barney Frank eliminated https://loom.ly/GfBY1FU
Reposted by Center for Responsible Lending
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.
And Republicans voted it down.
Grateful Massachusetts is leading the way & protecting consumers who were victims of predatory earned wage access products.
July 1, 2026 at 8:56 PM
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.
And Republicans voted it down.
Grateful Massachusetts is leading the way & protecting consumers who were victims of predatory earned wage access products.
Reposted by Center for Responsible Lending
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
#WealthGap
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
app.publicnewsservice.org
July 1, 2026 at 1:03 PM
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
#WealthGap