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Mike Calhoun Profile
Mike Calhoun

@CRLMike

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306

President of @CRLOnline. Working to create opportunity for everyone by eliminating abusive financial practices. #StopTheDebtTrap

Washington, DC
Joined May 2014
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@CRLONLINE
Center for Responsible Lending
8 months
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 @CRLMike Calhoun on the importance of equitable homeownership
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linkedin.com
By Mike Calhoun, President of the Center for Responsible Lending As National Homeownership Month, June is a time to celebrate the American Dream of safe, stable housing and reflect on how we can...
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@CRLMike
Mike Calhoun
11 months
The Consumer Bureau prevents banks, credit card and other companies from illegally taking money out of your pocket. Rather than hobble this watchdog agency, President Trump should let it do this vital job. @SunSentinel #DefendCFPB
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sun-sentinel.com
The president of the nonprofit Center for Responsible Lending writes that the gutting of the Consumer Financial Protection Bureau is a boon to scam artists, shady lenders and financial crooks acros…
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@CRLMike
Mike Calhoun
11 months
Consumer Bureau rules to lower the cost of overdraft fees, lessen the burden of medical debt, and track gaps in small business lending are popular and Congress should let these rules stand. #DefendCFPB #FinancialFairness
@CRLONLINE
Center for Responsible Lending
11 months
New Poll Shows Two-thirds of Americans support CFPB “The Administration’s shutdown of the Consumer Bureau is wildly out of step with Americans, across the political spectrum, who want this consumer watchdog agency doing its job,” said @CRLMike. #DefendCFPB
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@CRLMike
Mike Calhoun
1 year
Reduced @FHAgov mortgage insurance premiums have helped make homeownership a reality for more buyers, including Black and Hispanic purchasers who often are not served well by the private mortgage market. https://t.co/XgP2p6UgQf
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@CRLONLINE
Center for Responsible Lending
2 years
CRL, @RealBankReform, and @NCRC Blast Senate Democrats For Betraying Small Business Owners With Vote To Rescind Section 1071
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@CRLONLINE
Center for Responsible Lending
3 years
Alluring Cash-out Refinance Offers Can Be Financial Trap for Homeowners: New research from @AEI and CRL raises concerns that government guarantee policies are promoting the use of “the house as an ATM” by lower-wealth, cash-constrained buyers. https://t.co/U7dzHPBqVM
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@FDICgov
FDIC
3 years
Why should the nearly 6 million unbanked households #GetBanked? @CRLMike of @crlonline believes opening a bank account can put you on the road to financial security. https://t.co/gXGbLlQVXa
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@CRLMike
Mike Calhoun
3 years
Unless Congress is nostalgic for rampant predatory lending, it should not defang this consumer watchdog.
@CRLONLINE
Center for Responsible Lending
3 years
Congress should not undermine funding for the @CFPB, the only government agency dedicated to defending consumers from financial malfeasance. -⁦@CRLMike⁩ in ⁦@theobserver⁩, ⁦@newsobserver⁩ & ⁦@TheHerald_Sun
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@CRLMike
Mike Calhoun
3 years
It is thanks to you that we have so much to celebrate as 2022 draws to a close. When we stand together, we can make a real difference for those who have been disenfranchised by our financial systems. Thank you for standing with us.
@CRLONLINE
Center for Responsible Lending
3 years
This #GivingTuesday, consider supporting CRL as we fight for economic justice for those historically excluded and underserved. Give now at https://t.co/9GZUzekhZM.
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@CRLMike
Mike Calhoun
3 years
Unaffordable student debt is one of the major obstacles to Black families obtaining homeownership. A recent survey that found 9% of student loan borrowers put savings from the pause toward buying a home. https://t.co/0TtKxFoCdN
@CRLONLINE
Center for Responsible Lending
3 years
Black and Latino homeownership rates increased during the pandemic @EmilyRPeck @Axios https://t.co/dxUvotd9MR "The increase was larger for Black and Latino buyers because their homeownership rates were so much lower to begin with, said @CRLMike Calhoun."
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@CRLMike
Mike Calhoun
3 years
On reforming overdraft fee practices, @BankofAmerica is miles ahead of what Wells and Chase have done. Both of them did some reforms, we certainly applaud those changes, but they are still charging the $35 fee. 📝: @kensweet @AP
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apnews.com
Bank of America says the revenue it gets from overdrafts has dropped 90% from a year ago, after the bank reduced overdraft fees to $10 from $35 and eliminated fees for bounced checks.
@kensweet
Ken Sweet
3 years
NEWS -- Bank of America's revenue from overdraft are down 90% from a year ago after it cut its fee to $10 from $35 and eliminated fees for bounced checks, the bank's CEO Brian Moynihan said in an exclusive interview with AP on Wednesday. More to come:
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@CRLMike
Mike Calhoun
3 years
We need our government to stop financial institutions from fleecing consumers with overdraft fees. #FinancialFairness My op-ed in @AmerBanker @BankThink:
americanbanker.com
Fees on overdrawn accounts have become so important to some banks' bottom lines that the industry can't be trusted to police itself.
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@CRLONLINE
Center for Responsible Lending
4 years
Watch the opening statement of @CRLMike at the continuing @FSCDems hearing "Boom and Bust: Inequality, Homeownership, and the Long-Term Impacts of the Hot Housing Market" 🧵1/3
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@CRLMike
Mike Calhoun
4 years
Looking forward to the opportunity to testify on the state of homeownership and the US housing market. We'll be getting started soon.
@CRLONLINE
Center for Responsible Lending
4 years
Today @ NOON: Watch the @FSCDems hearing "Boom and Bust: Inequality, Homeownership, and the Long-Term Impacts of the Hot Housing Market" w/ testimony from @CRLMike Calhoun, @SamChandan, @Jungs_Home, Lydia Pope, @REALTIST_NAREB @NorbertJMichel https://t.co/khztI0VXqV
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@CRLONLINE
Center for Responsible Lending
4 years
ICYMI: “It is particularly hard for people who are buying smaller houses with smaller mortgages to find a lender and to get that mortgage,” said @CRLMike Calhoun, president of the Center for Responsible Lending. “And they also surprisingly are more expensive.”
@CNBC
CNBC
4 years
More than a quarter of home sales nationwide are for homes priced below $100,000. Yet, just 23.2% of those are purchased using a mortgage.
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@CRLMike
Mike Calhoun
4 years
Sandra Thompson is committed to seeing that Fannie Mae, Freddie Mac and the Federal Home Loan Banks act to reduce the racial wealth gaps. We look forward to working with Ms. Thompson to ensure affordable housing opportunities for all Americans.
@CRLONLINE
Center for Responsible Lending
4 years
CRL Applauds Confirmation of Sandra Thompson to Full Term as Director of @FHFA https://t.co/OSVFAQMunK
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@CRLMike
Mike Calhoun
4 years
American families need protections from abusive financial practices, and Director @ChopraCFPB’s commonsense requests for information on bank mergers and on junk fees, such as overdraft fees, are appropriate steps to gather the data.
@CRLONLINE
Center for Responsible Lending
4 years
At congressional hearings today and tomorrow, Consumer Financial Protection Bureau Director Rohit Chopra will get potshots for… his actions to protect consumers. He deserves praise instead.
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@CRLMike
Mike Calhoun
4 years
Michael Barr has a record of standing up for regulations – like the Community Reinvestment Act and overdraft protections – that promote #FinancialFairness for all Americans. We urge swift confirmation of this well-qualified nominee.
@CRLONLINE
Center for Responsible Lending
4 years
The Biden Administration announced today that it will nominate Michael Barr as Vice Chair for Supervision at the @FederalReserve. https://t.co/qkwkcUUmZG
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