“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

CFPB's Proposed ECOA Changes Will Weaken Fair Lending: Ending Agency's Role Will Increase Housing Inequality, Encourage Financial Predators 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.

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

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#CFPB

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.

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

“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

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...

[email protected] 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...

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.

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

Want to learn more about why these apps are just #PaydayLoans in disguise? Read our new report: www.responsiblelending.org/research-pub... #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

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

Thank you @cleaver.house.gov for joining us at #NAREB #ALC54 and for being a staunch ally in the fight for affordable housing. #MadeForThisMoment #DemocracyInHousing

"There is no future of the housing market unless you and your clients are at the very center of homeownership. That is why we are #MadeForThisMoment." Mitria Wilson Spotser #NAREB #ALC54 #DemocracyInHousing

“Housing serves as a pathway to opportunity - not a barrier to it.” @ItsLisaRice.bsky.social @natfairhouse.bsky.social #ALC54 #MadeForThisMoment #DemocracyInHousing

CRL is proud to partner with NAREB in advocacy and community partnerships. “Advocacy is not optional. It’s essential.” Danny Felton, NAREB #ALC54 #MadeForThisMoment #DemocracyInHousing

Starting soon - join us!

New fact sheet from the Center for Responsible Lending: Student loan borrower protections are under threat. 2025 changes mean higher costs, fewer safeguards, & more uncertainty for millions. Read more 👉 https://loom.ly/wnNELgw #StudentDebt #HigherEd

Tomorrow: Join CRL's Mitria Wilson Spotser and NFHA's @itslisarice.bsky.social at the NAREB Legislative Breakfast on Thursday, September 24 at 9am. www.nareb.com #BlackRealEstateProfessionals #Realtist #ItsAGreatTimeToBeARealtist

New CRL Report on the Real Impact of Payday Loan Apps: Escalating Debt - New data show apps multiply costs and financial insecurity for borrowers – puncturing industry claims. #PaydayLoanApps #StopTheDebtTrap #ConsumerProtection https://loom.ly/lfC8yRU

New CRL Report “Escalating Debt: The Real Impact of Payday Loan Apps Sold as Earned Wage Advances (EWA)” Data show apps multiply costs and financial insecurity for borrowers – puncturing industry claims #StopTheDebtTrap #ConsumerProtection #DebtTrap https://loom.ly/XzG2Q6k

CRL Welcomes Seema Agnani to Its Board of Directors - “Seema's decades of leadership in housing and community development will help strengthen CRL’s work to ensure a fair and inclusive financial marketplace,” said Martin Eakes, CRL CEO. https://loom.ly/s03emRs

Join CRL's Mitria Wilson Spotser and NFHA's @itslisarice.bsky.social at the NAREB Legislative Breakfast on Thursday, September 24 at 9am. www.nareb.com #BlackRealEstateProfessionals #Realtist #ItsAGreatTimeToBeARealtist

“This rule would add powers Congress never authorized and inject uncertainty into a program that millions rely on to plan their careers and finances,” said Jaylon Herbin, director of federal campaigns at CRL. “The proposal sets a dangerous precedent...” www.responsiblelending.org/media/crl-ur...

This week CRL submitted a comment on the PSLF program to emphasize how the proposed rule’s vague and ambiguous standards would undermine program integrity, create a dangerous precedent for future administrations, and ultimately harm borrowers and the communities they serve. https://loom.ly/iudw18A

In the 30 states that allow payday lending, these loans drained more than $2.4 billion in fees in a single year from low-income borrowers. In 2022 alone, borrowers took out over 20 million loans, for a total of nearly $8.6 billion. https://loom.ly/zC6uJlc

Payday Lender Restrictions Weaken, as Christian Orgs Step In: Millions of Americans borrow loans with triple-digit interest rates each year. Tennessee just sent those costs even higher. https://loom.ly/FMfsSEE

Student Loan Delinquency Drops 2.2 Million Borrower Credit Scores by 100 Points or More https://loom.ly/HAdSEMo

There’s a new wave of predatory lenders on the market. “Cash-advance" make millions off of outrageous APR & hidden fees. Some borrowers are paying 4-figure interest rates — but these fintech companies still ask for a tip. #StopTheDebtTrap @moreperfectunion.bsky.social www.youtube.com/shorts/xgnnu...

Tens of thousands of student loan borrowers who are likely eligible for Public Service Loan Forgiveness are stuck in a backlog waiting for relief. https://www.msn.com/en-us/money/personalfinance/46-year-old-woman-is-weeks-away-from-student-loan-forgiveness-but-stuck-in-trump-era-backlog/ar-AA1KBwRx

Number of Americans Considering Buy-Now-Pay-Later Loans Hits Record High "Consumers are at risk of overextension given that lenders are not required under the law to meaningfully check a borrower's ability-to-repay," said Nadine Chabrier, CRL. https://loom.ly/OjfMEDQ

ICYMI: "The administration’s attempts to dismantle the nation’s only consumer financial protection watchdog will expose millions of households to excessive fees and financial predators, and increase risk to the nation’s financial system." Mike Calhoun, CRL President https://loom.ly/sgJoFKw

There’s a new wave of predatory lenders on the market. Though “cash-advance" apps talk about fighting big banks, they make millions off of outrageous APR and hidden fees. @moreperfectunion.bsky.social Watch the video: https://loom.ly/sXnm5pM

ICYMI - NEW CRL Report - How State and Federal Governments Can Protect Rooftop Solar Financing Consumers: https://loom.ly/0mN3Ezg

‘Civil Rights Emergency’: Judge Orders HUD to Release $32M in Fair Housing Funds https://loom.ly/dwDMwgI

NEW CRL Report - Learn how federal and state governments can protect consumers in our Policy Recommendations for Rooftop Solar Financing. https://loom.ly/0mN3Ezg

New mortgage relief law will help thousands of veterans avoid foreclosure - More action is needed to give Veteran borrowers and their families the assistance they deserve. https://loom.ly/i7DqW5M

New Mortgage Relief Law Will Help Thousands of Veterans Avoid Foreclosure https://loom.ly/W3LBcbY

“For many people who live paycheck-to-paycheck, this will be a financially devastating law. It should be repealed.” -President of @CRLMike Calhoun on Congress passing the big budget bill. #FinancialFairness #BigUglyBill #HR1 www.responsiblelending.org/media/congre...

The big brutal bill would cut Consumer Financial Protection Bureau funding to below what even CFPB directors from President Trump's first term determined was needed to protect consumers. #DefendCFPB 📊: @librarycongress

Defunding the CFPB = Defanging our Consumer Protection Watchdog. Demand your elected officials stand up for hardworking consumers everywhere! Call 202-224-3121 and tell your representatives to #DefendCFPB!