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!

All elected officials, regardless of party, need to step up and defend the Consumer Financial Protection Agency. Defanging our consumer protection watchdog is an attack on working families by the billionaire class. #DefendCFPB #ProtectConsumers

As National Homeownership Month, June is a time to celebrate the American Dream of safe, stable housing and reflect on how we can expand access to that dream. Read the latest blog post from Mike Calhoun on the importance of equitable homeownership www.linkedin.com/pulse/nation...

Advocates worry debt burden is worse with installment payments as credit card debt balloons to over $1tn in US - Buy Now, Pay Later “prompts people into spending more than they can really afford,” Lauren Saunders, @nclc4consumers.bsky.social. #StopTheDebtTrap www.theguardian.com/us-news/2025...

Today consumer advocates from across the country and workers at the Consumer Financial Protection Bureau held a press conference to warn of the harm HR1 would inflict on our communities across the country. #DefendCFPB

TODAY:

THURSDAY: State consumer advocates and workers at the CFPB will hold a press conference tomorrow at Consumer Bureau headquarters to warn of the imminent threat of Congress which plans to defund the Consumer Bureau. Join us!

Senator Warren (@warren.senate.gov) is hosting a forum at 2:30 PM today on how Congress is dangerously raising education costs for families. Watch here and demand Congress protect #BorrowersNotBillionaires: www.youtube.com/live/smM60NE...

Legalizing Exploitation: Why Maryland Must Reject Predatory Lending Apps @marylandmatters.org @govwesmoore.bsky.social loom.ly/gMuwlPk

NAACP of Maryland, Unions, and Consumer Advocates Urge @govwesmoore.bsky.social to Veto Bill that Legalizes Predatory Payday Loans and Weakens Ban on Lending Discrimination #StopTheDebtTrap www.responsiblelending.org/media/naacp-...

"Julian Bond had a message for younger people: Your time is now. Your time is now and it is important to step up and fulfill your destiny," Wade Henderson, Vice Chair CRL Board of Directors. Learn more and get involved at julianbondinstitute.org

“Congress quickly enacting a partial claim program would benefit Veteran homeowners and the VA as well, since avoidable foreclosures on federally-backed loans result in unnecessary government losses,” Mike Calhoun, CRL President. www.responsiblelending.org/media/abrupt...

The truth is that Section 1071 serves compelling national interests whose benefits far outweigh its modest costs. openbanker.beehiiv.com/p/congress-g...

Thank you to everyone who has written Congress demanding they oppose any provision in the upcoming budget reconciliation bill that defunds, restructures, or otherwise weakens the Consumer Financial Protection Bureau. Let's keep the pressure up! Write yours here: actionnetwork.org/letters/tell...

"Today, they are slashing the [CFPB]'s budget by 70%. This is ridiculous because the Bureau has saved American consumers $21 billion by returning to them funds that big banks and predatory lenders swindled out of them." - @ushousefsc.bsky.social Ranking Member Rep Waters

With the shuttering of the Consumer Financial Protection Bureau, rules are changing on bank overdraft fees, medical debt’s credit impact and more. #StopTheDebtTrap #DefendCFPB www.washingtonpost.com/business/202...

91-year-old veteran faces snowballing payday loan with 682% interest rate. #StopTheDebtTrap "You reach out in a moment of desperation and then they lock you in... But this isn't credit. This is real harm," Ellen Harnick, CRL. abc7news.com/post/91-year...

It's time to recognize that financial hardship is not simply a matter of individual responsibility. It's a systemic issue that requires bold policy solutions. #FinancialFairness #StopTheDebtTrap @forbes.com www.forbes.com/sites/aishan...

The Julian Bond Financial Equity Research Institute is proud to introduce its new web presence. Please take a look and stay tuned for more announcements in the near future. julianbondinstitute.org

“It has been harder to save money, because I often find myself paying back more than what I borrowed every time...” said one user, named Ayanna. A loan shark in your pocket: Cellphone payday loan apps leave many consumers worse off #StopTheDebtTrap afro.com/earned-wage-...

High-cost Earned Wage Advance (EWA) providers with 400% loans came in to Maryland, skirted the law, and now the legislature wants to give them a pass. NO on HB1294. @iamwesmoore.bsky.social @govwesmoore.bsky.social #StopTheDebtTrap

Tariffs, a crashing market, and now Maryland wants to welcome payday loans, OH MY. Vote NO on HB1294. #StopTheDebtTrap @iamwesmoore.bsky.social @govwesmoore.bsky.social

Maryland is poised to open their centuries old usury law for new-age payday lending. Why are Dems supporting this? NO on HB1294 @iamwesmoore.bsky.social @govwesmoore.bsky.social #StopTheDebtTrap

Why did the Maryland's Senate Finance Committee have the Earned Wage industry testify during their committee hearing, but refused to let consumer advocates talk? NO on HB1294. @govwesmoore.bsky.social @iamwesmoore.bsky.social #StopTheDebtTrap

Maryland is poised to vote to allow a new type of payday loan- Earned Wage Advance. They have APRs of up to 400%, trap people in debt, and ask users to tip the company. Why are they voting to ignore the usury caps? NO on HB1294 @govwesmoore.bsky.social #StopTheDebtTrap

Thank you, Sen. Kramer, for standing against the predatory HB1294 that conflicts with years of protecting voters from similar payday loans. The Maryland Senate should vote no on HB1294! #StopTheDebtTrap

Tens of millions of Americans have not only been assessed overdraft fees but also lost their checking account because of them. Congress should reject 'High Bank Fees Forever Act' #FinancialFairness www.bakersfield.com/opinion/comm...