The Center for Responsible Lending (CRL) works to ensure a fair, inclusive financial marketplace that creates opportunities for all credit-worthy borrowers, regardless of their income, because too many hard-working people are deceived by dishonest and harmful practices. CRL’s work focuses on those who may be marginalized or underserved by the existing financial marketplace, or in many cases, people who are targeted for unfair and abusive financial products that leave them worse off. This includes people of color, women, rural residents and low-wealth families and communities.

 

CRL Policy Recommendations

• The Paycheck Protection Program Continues to be Disadvantageous to Smaller Businesses, Especially Businesses Owned by People of Color and the Self-Employed

• COVID-19 Crisis Requires Comprehensive Response to Protect Financial Security, CARES Act Falls Short

• State Consumer Protection Response to the COVID-19 Crisis

• Small Business Support Must Extend to Businesses of Color

• Student Debt Cancellation is Essential to Economic Recovery from COVID-19

• Congress Should Pause Debt Collection and Protect Assets, Including Stimulus Checks During COVID-19 Crisis

• Housing Policy Recommendations for Economic Recovery from COVID-19

• Congress Must Protect Consumers from Predatory Lending During the COVID-19 Crisis

• Banks Should Not Read Federal Regulators’ COVID-19 Small Dollar Loan Guidance as Permitting Payday Loans

• Congress Should Halt Outrageous Bank Overdraft Fees During COVID-19 Crisis

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CRL Statements, Comments, & Letters

• Testimony on Loan Forgiveness and Other Challenges of the Paycheck Protection Program (June 17)

• Ensuring Minority Depository Institutions and Community Development Financial Institutions Get Fair Share of Funds Allocated by the Paycheck Protection Increase Act of 2020 (April 26)

• Advocate And Industry Organizations Urge Treasury Secretary Mnuchin to Set Aside $10 Billion in Replenished PPP Funds for CDFIs and MDIs, Provide Relief for Business Owners of Color (April 26)

• Coalition Urges Congress to Protect Families from Financial Devastation (March 20)