Tag: charlene crowell

Blacks often pay higher fees for car purchases than whites

Blacks often pay higher fees for car purchases than whites

| November 3, 2017

Buying car with add-on products, services seldom good deal for consumers By Charlene Crowell (Deputy Communications Director, Center for Responsible Lending) It’s that time of year again when auto dealers try to make room in their showrooms for next year’s models. The seasonal clearance sales that come right before the holidays are just as tempting […]

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Trump’s budget blueprint cuts close to home

Trump’s budget blueprint cuts close to home

| April 21, 2017

Time for Congress to restore $6 billion in HUD Funding By Charlene Crowell (NNPA Newswire Columnist) From youth yearning for the time to have their own place, to older Americans hoping to age in place, the need to have a home is a shared concern of consumers of all ages and locales. It’s where children […]

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FTC takes action against ‘yo-yo scams’ in auto industry

FTC takes action against ‘yo-yo scams’ in auto industry

| March 25, 2017

Law enforcement agencies take action against deceptive auto dealers By Charlene Crowell (NNPA Newswire Columnist) When it comes to purchasing and financing a vehicle, African American and Latino consumers—more often than other racial or ethnic groups—are frequently targets of deceptive advertising and abusive financing practices. In recent days, two law enforcement agencies have acted to […]

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Navient charged student borrowers too much, says CFPB

Navient charged student borrowers too much, says CFPB

| February 27, 2017

By Charlene Crowell (NNPA Newswire Columnist) The financial futures of more than 12 million federal and private student loan borrowers who collectively owe approximately $300 billion is at the crux of a lawsuit filed by the Consumer Financial Protection Bureau (CFPB). CFPB is suing Navient Corporation and two of its subsidiaries for using shortcuts and […]

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The value of white privilege and the American Dream

The value of white privilege and the American Dream

| February 22, 2017

Racial wealth gap could close with systemic public policy reforms, says new research By Charlene Crowell (NNPA Newswire Columnist) As 2017’s Black History observances unfold in communities across the country, new research on racial wealth gaps refutes the age-old advice for people of color to pull themselves up by their proverbial bootstraps. According to researchers […]

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CBC, state AGs, consumer advocates stand up to CFPB foes

CBC, state AGs, consumer advocates stand up to CFPB foes

| February 7, 2017

Lawmakers, lobbyists attack consumer protection agency By Charlene Crowell (NNPA Newswire Columnist) As a new Congress and White House begin their respective governmental roles, a still-growing cadre of supporters and opponents are focusing on the future of the Consumer Financial Protection Bureau (CFPB). Ironically, Capitol Hill’s ongoing regulatory tug-of-war is really not a partisan issue […]

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As for-profit college enrollment climbs, blacks graduate with more debt

As for-profit college enrollment climbs, blacks graduate with more debt

| February 6, 2017

Borrowers face more $125 million in unnecessary interest charges By Charlene Crowell (NNPA Newswire Columnist) With 44 million consumers owing about $1.4 trillion in student loans, a new report by the Consumer Financial Protection Bureau finds that student loan servicing and debt collection together will boost borrower costs even higher over the next two years. […]

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New York AG, CFPB join forces to fight illegal national debt collection scheme

New York AG, CFPB join forces to fight illegal national debt collection scheme

| December 10, 2016

By Charlene Crowell (NNPA Newswire Columnist) A new federal lawsuit alleges that since at least 2009, two major players in the debt collection industry have illegally operated, harassed, threatened and deceived millions of consumers across the country—often for debts that were either inflated or not even owed. The scheme based in Buffalo, New York, also […]

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Dream deferred: Despite incomes, black families still denied access to home loans

Dream deferred: Despite incomes, black families still denied access to home loans

| November 22, 2016

By Charlene Crowell (NNPA Newswire Columnist) In recent weeks, a spate of news coverage has referred to America’s “inner cities.” Some may even interpret it as a new code word for minorities, usually referring to African Americans and Latinos. Yet today, according to Richard Rothstein, a research associate with the Economic Policy Institute, the inner […]

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CFPB sues, fines TMX Finance $9 million over misleading loans

CFPB sues, fines TMX Finance $9 million over misleading loans

| October 14, 2016

By Charlene Crowell (NNPA Newswire Columnist) Many consumers breathe a sigh of relief when their car loans are finally paid off. Gaining title to personal vehicles should free up monthly monies—unless that title is later used as collateral for a high-cost and abusive loan. Car-title loans provide a percentage of a vehicle’s total value in […]

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