http://www.responsiblelending.org Press releases on predatory mortgage lending, payday lending, and other issues from the Center for Responsible Lending web@responsiblelending.org 2010 Center for Responsible Lending Convio Content Management System Module en-us http://www.responsiblelending.org/styles/images/crl-logotag.jpg http://www.responsiblelending.org www.responsiblelending.org-336032731 http://feedproxy.google.com/~r/responsiblelending/Jboq/~3/FR9t_QDcIGQ/CRL-California-Statement-on-Gov-Brown-s-May-Revise.html Funds specifically collected to help California homeowners access National Mortgage Settlement programs should be used for that purpose--not for reducing the state's budget deficit. Tue, 15 May 2012 00:00:00 -0500 http://www.responsiblelending.org/media-center/press-releases/archives/CRL-California-Statement-on-Gov-Brown-s-May-Revise.html www.responsiblelending.org-334213567 http://feedproxy.google.com/~r/responsiblelending/Jboq/~3/sHbkYDovTuE/Predatory-Credit-Card-Practices-Hurt-Banks-Bottom-Line.html New CRL research shows that losses on credit cards in the current downturn mounted faster at banks engaging in unfair, deceptive practices. High-cost penalty fees and interest rates didn’t mitigate risk—as credit card issuers claimed—but instead were the risk that caused consumers to default. Tue, 08 May 2012 00:00:00 -0500 http://www.responsiblelending.org/media-center/press-releases/archives/Predatory-Credit-Card-Practices-Hurt-Banks-Bottom-Line.html www.responsiblelending.org-324574991 http://feedproxy.google.com/~r/responsiblelending/Jboq/~3/iQgi6E703hw/Yo-Yo-Car-Dealer-Scams-Rig-the-Game-Push-Buyers-into-Bad-Loans.html Car dealers often target consumers with poor or no credit for yo-yo scams, a new CRL report demonstrates. Wed, 04 Apr 2012 00:00:00 -0500 http://www.responsiblelending.org/media-center/press-releases/archives/Yo-Yo-Car-Dealer-Scams-Rig-the-Game-Push-Buyers-into-Bad-Loans.html www.responsiblelending.org-313813873 http://feedproxy.google.com/~r/responsiblelending/Jboq/~3/6HsSQxUUJxg/End-predatory-bank-payday-lending-now-250-groups-tell-bank-regulators.html Two hundred and fifty national, state and local organizations and individual advocates have asked bank regulators to stop banks from making predatory payday loans, which carry triple-digit annual interest rates of as much as 400 percent. Wed, 22 Feb 2012 00:00:00 -0600 http://www.responsiblelending.org/media-center/press-releases/archives/End-predatory-bank-payday-lending-now-250-groups-tell-bank-regulators.html www.responsiblelending.org-311539842 http://feedproxy.google.com/~r/responsiblelending/Jboq/~3/kEF57D-CCb8/CRL-Receives-2012-MacArthur-Award-for-Creative-and-Effective-Institutions.html Today the John D. and Catherine T. MacArthur Foundation named the Center for Responsible Lending (CRL) as a recipient of the MacArthur Award for Creative and Effective Institutions. The award recognizes CRL’s decade of work fighting predatory lending practices nationally, and provides the group with a major grant to support future efforts. CRL is one of only 15 organizations from six countries to be recognized today with this award. Thu, 16 Feb 2012 00:00:00 -0600 http://www.responsiblelending.org/media-center/press-releases/archives/CRL-Receives-2012-MacArthur-Award-for-Creative-and-Effective-Institutions.html www.responsiblelending.org-310317199 http://feedproxy.google.com/~r/responsiblelending/Jboq/~3/bSNcTU46YwY/AG-Settlement-Ends-Robo-Signing-Provides-Model.html The foreclosure settlement announced today will help build a stronger housing market while keeping more people in their homes. But while a significant step, much more work is required. Thu, 09 Feb 2012 00:00:00 -0600 http://www.responsiblelending.org/media-center/press-releases/archives/AG-Settlement-Ends-Robo-Signing-Provides-Model.html www.responsiblelending.org-309761305 http://feedproxy.google.com/~r/responsiblelending/Jboq/~3/TMiWAIwnstQ/CRL-Response-to-Wall-Street-Journal-Editorial-1-31-12-on-Payday-Lending.html Your editorial, “Bashing Payday Lenders; Obama targets another industry that serves low-income Americans,” is wrong on every point. Tue, 07 Feb 2012 00:00:00 -0600 http://www.responsiblelending.org/media-center/press-releases/archives/CRL-Response-to-Wall-Street-Journal-Editorial-1-31-12-on-Payday-Lending.html www.responsiblelending.org-305931949 http://feedproxy.google.com/~r/responsiblelending/Jboq/~3/uqEePG3Hr7s/AG-Settlement-Not-Perfect-but-Significant-Reform-of-Mortgage-Servicing.html Based on what we’ve heard, the settlement between major banks and the states’ Attorneys General (AGs), the federal Department of Housing and Urban Development, and the Department of Justice would represent an important step forward in addressing foreclosure abuses. Tue, 24 Jan 2012 00:00:00 -0600 http://www.responsiblelending.org/media-center/press-releases/archives/AG-Settlement-Not-Perfect-but-Significant-Reform-of-Mortgage-Servicing.html www.responsiblelending.org-304420284 http://feedproxy.google.com/~r/responsiblelending/Jboq/~3/s1KAbaMxKLI/Mandated-Down-Payments-would-Block-Creditworthy-Home-Buyers.html As federal regulators consider setting down-payment standards on new mortgages, a new study shows such rules could push 60 percent of creditworthy borrowers into high-cost loans or out of the market altogether. Wed, 18 Jan 2012 00:00:00 -0600 http://www.responsiblelending.org/media-center/press-releases/archives/Mandated-Down-Payments-would-Block-Creditworthy-Home-Buyers.html www.responsiblelending.org-301283405 http://feedproxy.google.com/~r/responsiblelending/Jboq/~3/i2J6zs4lTL4/New-CFPB-Director-is-Good-News-for-Consumers-Firms-US-Economy.html Today's appointment of Richard Cordray as director of the Consumer Financial Protection Bureau is welcome news. Finally, the agency can run at full speed. Wed, 04 Jan 2012 00:00:00 -0600 http://www.responsiblelending.org/media-center/press-releases/archives/New-CFPB-Director-is-Good-News-for-Consumers-Firms-US-Economy.html