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.
#DefendCFPB
#DefendCFPB
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As families struggle with soaring costs for rent, groceries & basics, nearly 200 labor, consumer & civil rights groups are warning Congress: a bill the payday loan app industry is urging Congress to introduce would open the door to predatory payday loan apps. https://loom.ly/Uuzme1s
Don’t Let Predatory Debt Traps Rob the Holiday Season’s Joy - App-based Loans Could Magnify Financial Stresses After Government Shutdown #StopTheDebtTrap #BlackFriday #BNPL
https://loom.ly/9TDx7Zs
https://loom.ly/9TDx7Zs
Don't Let Predatory Debt Traps Rob the Holiday Season's Joy
Learn how predatory lenders exploit financially strapped families during the holidays with high-cost loans. Avoid BNPL and EWA scams.
www.washingtoninformer.com
November 28, 2025 at 3:54 PM
Don’t Let Predatory Debt Traps Rob the Holiday Season’s Joy - App-based Loans Could Magnify Financial Stresses After Government Shutdown #StopTheDebtTrap #BlackFriday #BNPL
https://loom.ly/9TDx7Zs
https://loom.ly/9TDx7Zs
Reposted by Center for Responsible Lending
“Strong rules are especially important…most BNPL loans & that BNPL credit is disproportionately used by Black & Hispanic consumers, who already face disadvantages in the credit marketplace." #ProtectConsumers #Fintech #StopTheDebtTrap @crlonline.bsky.social www.washingtoninformer.com/holiday-cred...
Don't Let Predatory Debt Traps Rob the Holiday Season's Joy
Learn how predatory lenders exploit financially strapped families during the holidays with high-cost loans. Avoid BNPL and EWA scams.
www.washingtoninformer.com
November 21, 2025 at 6:37 PM
“Strong rules are especially important…most BNPL loans & that BNPL credit is disproportionately used by Black & Hispanic consumers, who already face disadvantages in the credit marketplace." #ProtectConsumers #Fintech #StopTheDebtTrap @crlonline.bsky.social www.washingtoninformer.com/holiday-cred...
Reposted by Center for Responsible Lending
“Payday loan apps that claim to be offering access to ‘earned wages’ are following a long line of payday lender attempts to evade the law so they can exploit people with rates over 300% APR,” said Lauren Saunders @nclc4consumers.bsky.social. @crlonline.bsky.social #EWA www.nclc.org/proposed-law...
Proposed Law Would Supercharge Predatory ‘Earned Wage’ Payday Lending
Legislation would open the door for payday loan apps to take even more from the already stretched-thin paychecks of military servicemembers and other workers.
www.nclc.org
November 20, 2025 at 2:51 PM
“Payday loan apps that claim to be offering access to ‘earned wages’ are following a long line of payday lender attempts to evade the law so they can exploit people with rates over 300% APR,” said Lauren Saunders @nclc4consumers.bsky.social. @crlonline.bsky.social #EWA www.nclc.org/proposed-law...
As families struggle with soaring costs for rent, groceries & basics, nearly 200 labor, consumer & civil rights groups are warning Congress: a bill the payday loan app industry is urging Congress to introduce would open the door to predatory payday loan apps. https://loom.ly/Uuzme1s
November 20, 2025 at 3:28 PM
As families struggle with soaring costs for rent, groceries & basics, nearly 200 labor, consumer & civil rights groups are warning Congress: a bill the payday loan app industry is urging Congress to introduce would open the door to predatory payday loan apps. https://loom.ly/Uuzme1s
“We are likely, given where house prices are today, to see much slower house appreciation over the next decade at least,” says Mike Calhoun, CRL President.
Read the full article from the Scotsman Guide: https://loom.ly/i04h_6w
Read the full article from the Scotsman Guide: https://loom.ly/i04h_6w
Experts warn of 50-year mortgage risks - Scotsman Guide
As affordability tightens, experts caution 50-year mortgages could lower payments but reduce equity, pushing more households into renting.
www.scotsmanguide.com
November 18, 2025 at 9:22 PM
“We are likely, given where house prices are today, to see much slower house appreciation over the next decade at least,” says Mike Calhoun, CRL President.
Read the full article from the Scotsman Guide: https://loom.ly/i04h_6w
Read the full article from the Scotsman Guide: https://loom.ly/i04h_6w
CFPB's Proposed ECOA Changes Will Weaken Fair Lending: Ending Agency's Role Will Increase Housing Inequality, Encourage Financial Predators
https://loom.ly/sEbx4rc
https://loom.ly/sEbx4rc
November 17, 2025 at 4:10 PM
CFPB's Proposed ECOA Changes Will Weaken Fair Lending: Ending Agency's Role Will Increase Housing Inequality, Encourage Financial Predators
https://loom.ly/sEbx4rc
https://loom.ly/sEbx4rc
Tomorrow: Join us at the NAREB Black Homeownership Summit to explore how Black wealth is hindered by redlining and algorithmic discrimination - and the bold strategies need to dismantle these barriers.
November 13, 2025 at 6:06 PM
Tomorrow: Join us at the NAREB Black Homeownership Summit to explore how Black wealth is hindered by redlining and algorithmic discrimination - and the bold strategies need to dismantle these barriers.
The Military Lending Act is a readiness tool. When servicemembers aren’t locked in high-cost debt, they stay deployable & focused. Weakening the MLA reintroduces a substantial readiness risk that DoD and Congress already solved. #ProtectConsumers #VeteransDay #KeeptheMLAstrong
November 11, 2025 at 8:49 PM
The Military Lending Act is a readiness tool. When servicemembers aren’t locked in high-cost debt, they stay deployable & focused. Weakening the MLA reintroduces a substantial readiness risk that DoD and Congress already solved. #ProtectConsumers #VeteransDay #KeeptheMLAstrong
Appellate Court Upholds Colorado’s Power to Block Predatory Out-of-State Bank Loans: Tenth Circuit Court of Appeals Finds that Federal Law Allows States to Opt to Enforce Their Interest Rate Limits
https://loom.ly/yFc5vr8
https://loom.ly/yFc5vr8
November 11, 2025 at 7:33 PM
Appellate Court Upholds Colorado’s Power to Block Predatory Out-of-State Bank Loans: Tenth Circuit Court of Appeals Finds that Federal Law Allows States to Opt to Enforce Their Interest Rate Limits
https://loom.ly/yFc5vr8
https://loom.ly/yFc5vr8
The current administration’s gutting of the #CFPB and dismissal of cases or light penalties levied against lenders for violations of the MLA harm service members #ProtectConsumers #KeeptheMLAstrong @starsandstripes.bsky.social #VeteransDay
https://loom.ly/0BZc5yg
https://loom.ly/0BZc5yg
Protect the Military Lending Act, which protects service members
MLA protections extend beyond imposing a 36% cost of credit cap on credit offered to service members and families.
www.stripes.com
November 11, 2025 at 6:04 PM
The current administration’s gutting of the #CFPB and dismissal of cases or light penalties levied against lenders for violations of the MLA harm service members #ProtectConsumers #KeeptheMLAstrong @starsandstripes.bsky.social #VeteransDay
https://loom.ly/0BZc5yg
https://loom.ly/0BZc5yg
As our nation pauses to honor those who have served, we also salute the principles they fought for. The Military Lending Act reflects those values by ensuring that those who wear the uniform—and their families—are protected from predatory debt traps. #VeteransDay #KeeptheMLAstrong #FinancialFairness
November 11, 2025 at 3:32 PM
As our nation pauses to honor those who have served, we also salute the principles they fought for. The Military Lending Act reflects those values by ensuring that those who wear the uniform—and their families—are protected from predatory debt traps. #VeteransDay #KeeptheMLAstrong #FinancialFairness
Join us at the NAREB Black Homeownership Summit to explore how Black wealth is hindered by redlining and algorithmic discrimination - and the bold strategies need to dismantle these barriers.
November 10, 2025 at 9:02 PM
Join us at the NAREB Black Homeownership Summit to explore how Black wealth is hindered by redlining and algorithmic discrimination - and the bold strategies need to dismantle these barriers.
New Rule Puts Politics in Education’s Public Service Loan Forgiveness: An Estimated 9 Million Borrowers Face Being Kicked Out of the Program https://loom.ly/K1Zzugo
@washingtoninformer.com
@washingtoninformer.com
New Rule Puts Politics in Education's Public Service Loan Forgiveness
New rule redefines eligibility for Public Service Loan Forgiveness Program, focusing on nonprofit employers. Millions of borrowers affected.
www.washingtoninformer.com
November 10, 2025 at 2:25 PM
New Rule Puts Politics in Education’s Public Service Loan Forgiveness: An Estimated 9 Million Borrowers Face Being Kicked Out of the Program https://loom.ly/K1Zzugo
@washingtoninformer.com
@washingtoninformer.com
“Debt settlement is specifically aimed at encouraging people to not pay their debts in hope that the company can reduce the debt load,” said Ellen Harnick CRL EVP. But you may end up in more debt than when you started. https://loom.ly/JIgQTms
Debt settlement secrets: Avoid scams
Curious about debt settlement? Find out what you need to know to avoid scams and select the right options for your financial health.
www.nbcdfw.com
November 7, 2025 at 5:37 PM
“Debt settlement is specifically aimed at encouraging people to not pay their debts in hope that the company can reduce the debt load,” said Ellen Harnick CRL EVP. But you may end up in more debt than when you started. https://loom.ly/JIgQTms
Reposted by Center for Responsible Lending
𝐖𝐡𝐚𝐭’𝐬 𝐇𝐚𝐩𝐩𝐞𝐧𝐢𝐧𝐠 𝐰𝐢𝐭𝐡 𝐭𝐡𝐞 𝐒𝐀𝐕𝐄 𝐏𝐥𝐚𝐧? The most affordable student loan repayment option is 𝐜𝐮𝐫𝐫𝐞𝐧𝐭𝐥𝐲 𝐛𝐥𝐨𝐜𝐤𝐞𝐝 𝐛𝐲 𝐭𝐡𝐞 𝐜𝐨𝐮𝐫𝐭𝐬, and Congress decided to eliminate it by July 2028. #ProtectBorrowers studentloanborrowerassistance.org/whats-happen...
What’s Happening with the SAVE Plan? - Student Loan Borrowers Assistance
The SAVE plan was created in 2023 as the most affordable student loan repayment option, but it’s currently blocked by the courts, and Congress decided to eliminate the plan by …
studentloanborrowerassistance.org
November 3, 2025 at 6:36 PM
𝐖𝐡𝐚𝐭’𝐬 𝐇𝐚𝐩𝐩𝐞𝐧𝐢𝐧𝐠 𝐰𝐢𝐭𝐡 𝐭𝐡𝐞 𝐒𝐀𝐕𝐄 𝐏𝐥𝐚𝐧? The most affordable student loan repayment option is 𝐜𝐮𝐫𝐫𝐞𝐧𝐭𝐥𝐲 𝐛𝐥𝐨𝐜𝐤𝐞𝐝 𝐛𝐲 𝐭𝐡𝐞 𝐜𝐨𝐮𝐫𝐭𝐬, and Congress decided to eliminate it by July 2028. #ProtectBorrowers studentloanborrowerassistance.org/whats-happen...
.@AFT.org Settlement Grants Loan Forgiveness for Millions of Student Borrowers. We urge the administration to build on this progress and deliver comprehensive relief for borrowers still struggling under the weight of student debt. https://loom.ly/9NjEXGM
October 22, 2025 at 2:24 PM
.@AFT.org Settlement Grants Loan Forgiveness for Millions of Student Borrowers. We urge the administration to build on this progress and deliver comprehensive relief for borrowers still struggling under the weight of student debt. https://loom.ly/9NjEXGM
Read the new CRL policy brief for an important update on federal & state developments as well as recommendations for protecting borrowers: "Nickel and Dimed: How Payday Loan Apps Drain Workers’ Pay and How to Stop Them." #StopTheDebtTrap www.responsiblelending.org/research-pub...
October 16, 2025 at 6:30 PM
Read the new CRL policy brief for an important update on federal & state developments as well as recommendations for protecting borrowers: "Nickel and Dimed: How Payday Loan Apps Drain Workers’ Pay and How to Stop Them." #StopTheDebtTrap www.responsiblelending.org/research-pub...
New Policy Brief on Payday Loan Apps Draining Workers’ Pay: Fintech companies are using smartphones to issue predatory loans that they deny are loans, lobbying for legal exemptions, defending against lawsuits for violations of credit laws. #StopTheDebtTrap https://loom.ly/2i_zlo8
October 16, 2025 at 4:16 PM
New Policy Brief on Payday Loan Apps Draining Workers’ Pay: Fintech companies are using smartphones to issue predatory loans that they deny are loans, lobbying for legal exemptions, defending against lawsuits for violations of credit laws. #StopTheDebtTrap https://loom.ly/2i_zlo8
As #HispanicHeritageMonth comes to a close, we reaffirm our efforts to close the racial wealth gap and end predatory lending for all.
October 15, 2025 at 3:44 PM
As #HispanicHeritageMonth comes to a close, we reaffirm our efforts to close the racial wealth gap and end predatory lending for all.
CRL stands with #FederalWorkers. Today, members of Congress spoke outside the #CFPB, where staff face RIF warnings—just days after the entire CDFI Fund team was illegally terminated. These workers are vital to ensuring fair, affordable financial services for all. #ConsumerProtection
October 14, 2025 at 9:07 PM
CRL stands with #FederalWorkers. Today, members of Congress spoke outside the #CFPB, where staff face RIF warnings—just days after the entire CDFI Fund team was illegally terminated. These workers are vital to ensuring fair, affordable financial services for all. #ConsumerProtection
Illegal firing of federal employees puts Americans at risk of predatory lending! #DefendCFPB
CRL signed onto an amicus brief supporting NTEU’s request for en banc review at the US Court of Appeals for the DC Circuit. Learn more and read the brief: https://loom.ly/prJcYp8
CRL signed onto an amicus brief supporting NTEU’s request for en banc review at the US Court of Appeals for the DC Circuit. Learn more and read the brief: https://loom.ly/prJcYp8
October 7, 2025 at 8:09 PM
Illegal firing of federal employees puts Americans at risk of predatory lending! #DefendCFPB
CRL signed onto an amicus brief supporting NTEU’s request for en banc review at the US Court of Appeals for the DC Circuit. Learn more and read the brief: https://loom.ly/prJcYp8
CRL signed onto an amicus brief supporting NTEU’s request for en banc review at the US Court of Appeals for the DC Circuit. Learn more and read the brief: https://loom.ly/prJcYp8
Want to learn more about why these apps are just #PaydayLoans in disguise? Read our new report: www.responsiblelending.org/research-pub...
#StopTheDebtTrap #ProtectConsumers
#StopTheDebtTrap #ProtectConsumers
October 3, 2025 at 6:12 PM
Want to learn more about why these apps are just #PaydayLoans in disguise? Read our new report: www.responsiblelending.org/research-pub...
#StopTheDebtTrap #ProtectConsumers
#StopTheDebtTrap #ProtectConsumers
Some Workers Are Turning to Pay-Advance Apps for Basic Expenses - These tools can carry costs akin to those of traditional payday loans.
https://www.nytimes.com/2025/10/03/your-money/cash-advance-apps-workers-expenses.html
https://www.nytimes.com/2025/10/03/your-money/cash-advance-apps-workers-expenses.html
nytimes.com
Pay-advance apps are marketed as a way to help workers living paycheck to paycheck pay for unexpected expenses, but workers are often using the apps to manage basic expenses like groceries, rent and other needs, a new report found.
www.nytimes.com
October 3, 2025 at 3:22 PM
Some Workers Are Turning to Pay-Advance Apps for Basic Expenses - These tools can carry costs akin to those of traditional payday loans.
https://www.nytimes.com/2025/10/03/your-money/cash-advance-apps-workers-expenses.html
https://www.nytimes.com/2025/10/03/your-money/cash-advance-apps-workers-expenses.html
Reposted by Center for Responsible Lending
Yesterday, PHADA's Michael Webb participated in a roundtable the Congressional Black Caucus Foundation hosted by Rep. Pressley and Rep. Cleaver. The roundtable discussed ways to expand and streamline affordable housing to continue serving low-income families. #ALC54
September 26, 2025 at 12:50 PM
Yesterday, PHADA's Michael Webb participated in a roundtable the Congressional Black Caucus Foundation hosted by Rep. Pressley and Rep. Cleaver. The roundtable discussed ways to expand and streamline affordable housing to continue serving low-income families. #ALC54
Thank you @econaction.bsky.social for gathering community leaders and legislators today to fight for an affordability agenda. Rohit Chopra delivered a powerful keynote including calling out payday loan apps.
#PaydayLoanApps #DebtTrap
#PaydayLoanApps #DebtTrap
September 25, 2025 at 9:11 PM
Thank you @econaction.bsky.social for gathering community leaders and legislators today to fight for an affordability agenda. Rohit Chopra delivered a powerful keynote including calling out payday loan apps.
#PaydayLoanApps #DebtTrap
#PaydayLoanApps #DebtTrap