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All CRL Content
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Issues and Outcomes Report: January to December 2013
In July 2014, CRL released an Issues and Outcomes Report that summarized financial regulations for the year 2013. This report provides a review of some of the financial products and services most in need of reform and an accounting and analysis of reform outcomes from January to December 2013.

The State of Lending: Debt Settlement
Debt settlement companies offer the promise of settling a consumer’s debt for a fraction of what they owe. Unfortunately debt settlement carries significant risks that may result in consumers becoming even worse off.

Letter of Support for Higher Education Act
This letter is written to the Chairman of the HELP Committee, Senator Tom Harkin (D – IA), as he seeks to reauthorize the Higher Education Act.

CRL Supports Proposed CFPB Amendments to Qualified Mortgage Rule (QM)
In these comments, CRL expresses general support for the Consumer Financial Protection Bureau’s proposals to amend the 2013 Mortgage Rules under the Truth in Lending Act (Regulation Z).

Comments on Amendments to the 2013 Mortgage Rules
No description available

Gainful Employment Regulations Needed to Protect Students
Reforming for-profit college lending is a critical consumer protection need. For-profit colleges aggressively market their education programs and, in many cases, fail to provide a useful education to the students they enroll.

Coalition Comment Letter on Proposed Gainful Employment Regulation
CRL added its support to a broad coalition calling for the Department of Education to ensure that its final gainful employment rulemaking must be strengthened to protect both students and taxpayers.

Car Title Lenders Ignore Ability to Repay
Car title loans, like payday loans, are marketed as a quick financial fix, but lead to long-term debt and carry 300% annual interest rates. A typical borrower pays twice as much in interest and fees than she receives in credit extended.

Comments to CFPB: Eliminate Harmful Practices in Debt Buying and Debt Collection
Responding to an Advance Notice of Proposed Rulemaking, CRL addresses harmful practices that have become common in the debt buying and third-party debt collection industries. Debt buyers typically acquire charged-off debt without any supporting documentation.

Letter to OCC: Improving Documentation When Banks Sell Debt
CRL and several other consumer and civil rights organizations commend the Office of the Comptroller of the Currency for issuing best practices on banks’ sales of charged-off consumer debt. They urge the OCC to strengthen debt management practices further by adopting strict guidance to reduce harm to American families.

Bank Payday Lending: Overview of Media Coverage and Public Concerns
Banks that engage in payday lending have been in the media spotlight. Here we give a large sample of recent media coverage, legislative proposals, and public concerns directed at debt-trap lending by banks.

Getting Behind the Veil on Bank Payday Loans
The numbers show that bank customers that take payday loans based on their direct deposit advance get caught in the same high-cost debt trap that storefront payday loan borrowers do. These 365% loans siphon fees from the customer's bank account over and over as the cycle continues. But customers may not recognize them as payday loans because they are named differently.

Payday Lending News
Stay informed with developments in the credit card and prepaid card industries.

Credit and Prepaid Card News
Stay informed with developments in the credit card and prepaid card industries.

Overdraft News
Stay informed about developments in overdraft loans, overdraft fees and other banking fees.

Car Title News
Stay informed about developments in the car title loan and auto title loan industry


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