Buyer beware

By David Heath

New consumer agency powerless against dishonest auto lending practices

Excerpts from this story referencing "Center for Responsible Lending":

"… y’ve been charged more because the markup usually isn’t disclosed. The Center for Responsible Lending calls these “kickbacks” and calculates that they cost car buyers $20 b …"

"… the buyer from shopping around once an offer has been made.Research by the Center for Responsible Lending shows that one in eight car buyers making less than $40,000 have experienc …"

After decade of inaction, FTC holds meeting on auto financing concerns

By David Heath

After decade of inaction, FTC holds meeting on auto financing concerns

Excerpts from this story referencing "Center for Responsible Lending":

"… or car buyers, especially those with low credit scores, Chris Kukla of the Center for Responsible Lending told the meeting. The pro-consumer group surveyed 1,000 consumers and foun …"

Report: Car loans include billions in undisclosed charges

By Keith Epstein

Beyond regulation, auto lenders charge billions in hidden rate markups

Excerpts from this story referencing "Center for Responsible Lending":

"… efaulting on the loan and losing the car, according to a new report by the Center for Responsible Lending, a nonprofit, nonpartisan research and policy group.The report, which exam …"

"… ut of reach of the fledgling U.S. Consumer Financial Protection Bureau.The Center for Responsible Lending report examines hidden rate markups, the interest rate car dealers can add …"

"… f 2.5 percent on hidden markups,” says Delvin Davis, a researcher at the Center for Responsible Lending, “the added interest on that loan can be nearly $1700 for a new vehicle …"

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Auto dealers spend big to stay out of financial reform

By Joe Eaton

As Congress developed sweeping changes to police financial markets, U.S. automobile dealers responded with a strong lobby push to protect th

Excerpts from this story referencing "Center for Responsible Lending":

"… atory lending practices out there,” said Kathleen Day, a spokeswoman for Center for Responsible Lending. “If the whole point of this bill is to put everyone under some common s …"

Where’s the HAMP loan data?

By Julie Vorman

The Treasury Department should stop dragging its feet and release some of the specific loan-level data it has collected from mortgage servic

Excerpts from this story referencing "Center for Responsible Lending":

"… romised date of release is pushed back,” Julia Gordon, a lawyer with the Center for Responsible Lending, told the Congressional Oversight Panel on TARP at a hearing today.The dat …"

New system to track mortgage loan originators

By Sarabeth Sanders

In the years before the current economic collapse, it seemed as though everyone was getting in on the subprime mortgage frenzy. Usually, it

Excerpts from this story referencing "Center for Responsible Lending":

"… a struggling housing market.But Uriah King, senior policy associate at the Center for Responsible Lending, notes that the new rules may be limited in their effect.“States like No …"

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Treasury Department holding back on details of mortgage modification program

Just how effective is the Obama Administration’s effort to help homeowners stave off foreclosure? It’s hard to know, in part because detaile

Excerpts from this story referencing "Center for Responsible Lending":

"… hs and weaknesses has not been released, says Keith Ernst at the nonprofit Center for Responsible Lending. For instance, says Ernst, the Treasury Department has data on the terms o …"

Borrower Nightmares: $700 dormitory fee costs family its car

By Amy Biegelsen

Car-title loans are a quick way to get money but woe to those who fall behind in payments

Excerpts from this story referencing "Center for Responsible Lending":

"… r fixed-rate mortgage.”Uriah King, vice president of state policy at the Center for Responsible Lending, sees car-title loans as no choice at all. “The entire business model is …"

"… a 90-day loan limit and cap small loans at 36 percent annual interest.The Center for Responsible Lending’s King hopes to see the CFPB set limits on how often car-title loans can …"

Predatory lending: A decade of warnings

By Kat Aaron

Both Congress and the Fed did little to stop spread of subprime crisis

Excerpts from this story referencing "Center for Responsible Lending":

"… former assistant attorney general in Iowa who is now an attorney with the Center for Responsible Lending, a fair lending advocacy organization. HOEPA sought to eliminate the abusi …"

"… $35 billion to $665 billion, according to a 2006 report from the Center for Responsible Lending, using industry data. In 1998, the CRL report said, subprime mortgages wer …"

"… ueled a rapid decline in underwriting standards, according to Keest of the Center for Responsible Lending. Once the credit-worthy borrowers were tapped out, she said, lenders began …"

"… ril 29, and is expected to receive a vote on the House floor.Keest, of the Center for Responsible Lending, said such assignee liability provisions could have helped to avert the cr …"

Borrower Nightmares: Disabled homeowner alleges broker, bank sold her mortgage she couldn’t afford

By Ben Hallman

Queens woman fights foreclosure on her childhood home

Excerpts from this story referencing "Center for Responsible Lending":

"… Others see it differently. Nina Simon, the director of litigation at the Center for Responsible Lending, said that making loans to people with bad credit without checking their i …"

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