Webinar: Register now for 'Beyond Predatory Lending: Building Pathways to Wealth Through Community and Faith-Based Financial Solutions' 🗓️ Nov 10 | 7–8:15 PM 💻 https://loom.ly/snsyOQ4

New CRL & NAACP joint policy brief: How Payday Loan Apps Target Communities of Color — and How to Avoid Them. These apps are marketed as a modern fix for today's affordability crisis, but they recreate the same #DebtTraps as traditional payday lending. https://loom.ly/Qx-pxLY

#𝐇𝐑𝟕𝟖𝟔𝟔 𝐢𝐬 𝐚𝐧 𝐚𝐧𝐭𝐢-𝐚𝐟𝐟𝐨𝐫𝐝𝐚𝐛𝐢𝐥𝐢𝐭𝐲 𝐛𝐢𝐥𝐥. It would undermine state interest rate protections, make it easier for high-cost lenders to impose triple-digit rates, and add thousands of dollars to the annual cost of borrowing. Congress must vote NO. #StopTheDebtTrap @crlonline.bsky.social

URGENT: 2 dangerous bills aim to make it easier for predatory lenders to profit off families in financial distress. Send a letter to the House Financial Services Committee right now urging them to vote NO on #HR7866 and #HR10184. #StopTheDebtTrap https://loom.ly/I1-avGY

We're honored to see CRL's Jaylon Herbin in the CBC Power 100 among other dynamic stars in law, politics, business, and medicine. Come meet Jaylon and others from the CRL, Self Help & Julian Bond Institute teams this week at CBCF #CBCF #ALC55 (Booth #711). https://loom.ly/-d6giMs

We talked to residents of Atlanta’s Westside neighborhood about the need for tailored, holistic, and community-informed solutions to access financial security and wealth building. The findings serve as a national model for providing more inclusive access. Read more at https://loom.ly/1DOqZ1I

Watch the newest episode of JBI's podcast, the Viewpoint, where we discuss #BuyNowPayLater and the credit reporting agencies with JP Morgan's Makada Henry-Nickie. Subscribe on your podcast platform: https://loom.ly/IosXcm4 #BNPL #JBIViewpoint

The fact that EarnIn does not call its product a loan does not make it so. Thank you @coattnygeneral.bsky.social for working to #StopTheDebtTrap of payday loans.

Colorado Attorney General@coattnygeneral.bsky.social · 2mo ago

Attorney General Weiser today announced a lawsuit against Activehours, Inc., which does business as EarnIn, for illegally providing high cost payday loans to tens of thousands of Colorado consumers: https://bit.ly/45TfMnP

Watch a sneak peek of our next podcast episode! JBI's Sara Weiss discusses #BuyNowPayLater and the credit reporting agencies with JP Morgan Chase's Makada Henry-Nickie. #BNPL #JBIViewpoint

Most States Ban Predatory Loans. Lenders Are Using This Loophole to Charge 150% APRs Anyway “These loans are like poison to people's long-term financial prospects,” says Mike Calhoun, CRL president. https://loom.ly/6ZWMONc

Lenders like OppFi and Enova worsen wealth and income disparities, trapping borrowers in cycles of debt. The #FederalReserve and #OCC should deny their bids to own a national bank and spread more financial misery to working people. #PaydayLoanApps #DebtTrap

Fintech lenders set up consumer and small business borrowers to fail with triple-digit APR loans. Read why 120 groups say regulators should deny their bank applications. https://loom.ly/r8OZuQk #PredatoryLending #FederalReserve #OCC

Crystal German, new president of Julian Bond Institute “Crystal’s decades of experience advancing inclusive economic opportunity and managing critical programs as well as her financial business expertise make her a perfect fit to lead JBI,” said CRL President Mike Calhoun. https://loom.ly/J7rWulU

Predatory Auto Lending Exploits Black Consumers: Higher car costs, double-digit interest rates, misleading sales tactics drive historic delinquency https://loom.ly/R8XFhz4

Predatory Auto Lending Exploits Black Consumers: - The Milwaukee Courier

Higher car costs, double-digit interest rates, misleading sales tactics drive historic delinquency  Nearly 92 percent of American households rely on a personal vehicle to manage their daily lives.  Consumers shopping for a vehicle in May learned that the average cost of a new car was $49,307, and that used cars averaged $25,918, according to Cox Automotive.  &...

milwaukeecourier.com

Legal challenges, differing timelines spur confusion for federal student loan borrowers https://loom.ly/AsMi79I

Legal challenges, differing timelines spur confusion for federal student loan borrowers

July 1, loan service providers started the process of reaching out to borrowers to start their 90-day deadline to switch from the SAVE repayment plan. However, everyone's timeline won't be same.

wral.com

High-cost loans from lenders like OppFi and Enova do not promote financial inclusion for communities of color. They extract from communities already facing barriers to fair credit. Read CRL's report: https://loom.ly/O4FfqpE #FinancialInclusion #PredatoryLending #FairLending

Acting CFPB Director Russell Vought was back in front of Congress today to face questions from Senators over the Bureau's actions under his watch. Some highlights and lowlights from today's proceedings 1/13

CRL joined @nclc4consumers.bsky.social in supporting Colorado’s authority to enforce its interest-rate limits against out-of-state state-chartered banks and their non-bank lending partners. #RentABank Read our amicus brief: https://loom.ly/M37SBu4

.@warren.senate.gov's report attributes up to $15B to the #CFPB abandoning an $8 cap on most credit card late fees, $7.5B to the repeal of the overdraft fee rule, and the remainder to three dozen dropped enforcement actions & settlements. #ProtectConsumers @cnbc.com www.cnbc.com/2026/07/16/t...

Sen. Warren says Trump's CFPB overhaul has cost Americans $26.5 billion

Sen. Elizabeth Warren says the Trump administration's rollback of CFPB rules and enforcement has cost Americans up to $26.5 billion so far.

cnbc.com

“If the company can simply turn, go behind the scenes and take a shortcut and undo years of work simply because they know the right people or have whispered in the right ears, it's incredibly corrosive to the ability of the government to pursue public justice."

Vought Gutted America’s Consumer Watchdog — Now Congress Seeks Answers

Trump's CFPB head has let big businesses walk away from enforcement actions while changing how the bureau operates.

bloomberg.com

Upon taking over the #CFPB, Russell Vought issued a stop work order preventing CFPB staff from helping families at risk of imminent foreclosure, and leaving 16,000 consumer complaints in limbo. #ProtectConsumers

Excited to speak at the NAACP National Convention on building pathways to wealth and protecting families from predatory lending. 📅 July 18 | 🕑 2–3:15 PM 📍 In the Hub Join us! @crlonline.bsky.social @naacp.org #NAACPConvention #FinancialJustice #NAACPConvention #FinancialJustice #EconomicJustice

Many student loan borrowers are financially strained, and policy changes will make it harder to keep up. Read the new JBI policy brief at https://loom.ly/-Uhci48

Let’s not revive the predatory mortgages Barney Frank eliminated https://loom.ly/GfBY1FU

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.

New report from @crlonline.bsky.social: 77% of Black Gen Z and 70% of Latino Gen Z want to build generational wealth — despite facing steep barriers to do it. 23% of Black millennials own homes vs. 51% of white millennials. Black Gen Z is 3x more likely to have used a payday loan app. #WealthGap

Report: Why are young people of color locked out of wealth building?

A new national report showed young Black and Latino Floridians want to own homes, start businesses and build wealth for their families at rates matching or exceeding their white peers

app.publicnewsservice.org

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: https://bit.ly/no9330

Payday loan apps drain wages from workers’ paychecks before families can cover basic needs. Let’s #StopTheAppTrap and ensure that all payday loan apps are accurately regulated and transparent! TAKE ACTION: https://bit.ly/no9330

Earned wage access apps are just payday loans in disguise. Let’s #StopTheAppTrap and ensure that all payday loan apps are accurately regulated and transparent! Take Action and tell Congress to vote NO on H.R. 9330: bit.ly/no9330

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 https://loom.ly/86WGQbs #ProtectConsumers #FinancialFairness