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 loom.ly/-Uhci48

Let’s not revive the predatory mortgages Barney Frank eliminated loom.ly/GfBY1FU Op-Ed in @TheHillOpinion by @CRLMike Calhoun

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.

“We found 77% of Black Gen Z and 70% of Latino Gen Z say that they want to build an inheritance to pass on to their loved ones, even though they're much less likely than their white and Asian peers to expect to receive an inheritance...” said Candice Wang, JBI senior researcher

In 2025, subprime borrowers had an average loan size of $22,500 and an average interest rate of 18.9% over a 5.5-year term. Auto loan debt is now the second largest household debt after mortgages. Read our new report: loom.ly/H6TXUps SubprimeLending #FinancialFairness

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

Webinar: Student Loan Repayment Updates - CRL's @HerbinJaylon will join @NAACP's @WordsofWiz27, Keturah Butler-Reed, @KeishaDBross, Demar Roberts, @BorrowerJustice's Aissa Canchola Banez, and @StrikeDebt's @ShamellBell tonight at 7pm ET. loom.ly/6nhofwg

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: bit.ly/no9330 #StopTheAppTrap

During the HFSC markup, members are expected to vote on at least four pieces of legislation that would harm families living paycheck to paycheck and struggling with affordability and access to credit. #ProtectConsumers #Fintech #CreditReporting 1/3 nclc.org/congress-ignor…

@CRLMike “Earned wage access products are nothing more than high interest payday loans in disguise that allow fintech companies to prey on workers already struggling to make ends meet with deceptive lending practices and astronomically high interest rates,” Tom Feltner @RealBankReform.

"Payday lenders generate millions in fees by price-gouging consumers," said @CRLMike, CRL president. "These poll results make clear that voters across the political spectrum want lenders to be held to a 36 percent rate cap and other consumer protections.”

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

Prevent families’ biggest financial asset from turning into their biggest financial catastrophe. ✍️ : @TheHillOpinion thehill.com/opinion/financ…

Conversation with two borrowers and a financial coach starting now! bit.ly/crl0617

And read the full report at responsiblelending.org/research-publi…

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

Let’s not revive the predatory mortgages Barney Frank eliminated tinyurl.com/4ee9kdhf

A tsunami of delinquencies and foreclosures engulfed American homeowners twenty years ago.

And join us tomorrow for a webinar which will explore key findings from the new report and hear directly from two borrowers about their recent experiences with auto lenders. bit.ly/crl0617 #SubprimeLending #FinancialFairness

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.” responsiblelending.org/research-publi…