Student loan borrowers face renewed collection efforts as advocates warn that rising default rates (esp among Black and older borrowers) could deepen financial strain nationwide.

Tune in now! Listen as CRL’s Lucia Constantine and Yasmin Farahi join fellow guest Joseph Schuster to discuss the dangers of payday loan apps on the award-winning Consumer Finance Monitor podcast, hosted by @BallardSpahrLLP’s Alan Kaplinsky. https://t.co/jRxlAvmVGy

According to a lawsuit by the District of Columbia, 75% of pre-tax income that OppFi makes from borrowers is the result of refinancing. Learn how OppFi keeps borrowers trapped on the debt treadmill in CRL's new report. #StopTheDebtTrap https://t.co/7kF4SkUIsc

"A really striking finding is how much OppFi profits from repeated refinancing." "One person in our sample refinanced over a dozen times." The cost of these loans is astronomical. Watch the video and read the full report: https://t.co/1vnoMqhxuj

CRL Report: OppFi Charges Americans Nearly 200% APR, Evading Most State Lending Laws “OppFi is charging interest rates that would make a loan shark blush,” said Whitney Barkley-Denney, report co-author & senior policy counsel at the CRL. #StopTheDebtTrap https://t.co/1vnoMqhxuj

ICYMI: Minnesota’s Cap on Interest Rates Brings Financial Relief to Families. “Payday lenders can no longer drown underpaid, low-income Minnesotans in debt,” said Lucia Constantine, CRL report co-author and senior researcher. https://t.co/i6nk7melxs

View the🆕 behind-the-scenes video on the latest report from CRL and @ExodusLending. The report, Escape from the Debt Trap, shows that ending payday lending improved financial stability and gave Minnesota borrowers real relief. View the full report at https://t.co/5y9yeiqsas

“Payday lenders can no longer drown underpaid, low-income Minnesotans in debt. Without these debt traps, Minnesotans are better positioned to meet essential expenses, build an emergency fund, and achieve greater financial stability,” Lucia Constantine, CRL https://t.co/B9bJkkbIWi

Yesterday at the Supreme Court, House Dems made it clear: firing a Federal Reserve Governor threatens economic stability and democratic norms. CRL stands with @DrLisaDCook and an independent @FederalReserve. @RepMaxineWaters @RepBeatty @RepHorsford @RepAlGreen @TheBlackCaucus

Payday lenders sold “quick cash” as help—but in MN it meant 220% APR and deeper debt. A strong rate cap ended storefront payday lending in 2024. New CRL & @ExodusLending research shows borrowers are better off—and relieved. #ConsumerProtections work. https://t.co/0xuwXwlqFn

Dr. King’s Poor People’s Campaign Foretold America’s Affordability Crisis “With how the economy is, I can barely afford to live. I have to choose between rent, loans, or putting food on the table...it feels like [the] government doesn’t care..." @NDGEditor https://t.co/ejdcBySKUI

A draft bill that would weaken state laws that stop lenders from charging predatory high interest rates was considered yesterday in Congress. @ConsumerReports’ Delicia Reynolds Hand warned: when costs aren’t clear, consumers can’t compare options and fall into debt traps.

Consumer groups lamented the retreat of the CFPB from fintech enforcement actions. “We are going to have a much harder fight in the coming years here to enforce existing laws on behalf of consumers,” says Monica Burks, CRL policy counsel. @CQResearcher https://t.co/AppP1yPtjx

CRL is ready to continue fighting for stronger consumer protections, exposing harmful lending practices, and advancing policies that protect all consumers. Stay tuned for new reports coming out in 2026! #CRLResearch #HappyNewYear2026 https://t.co/QYSIxZfJx7

And just this month, CRL published "Buried in Debt" which exposed problems facing families nationwide by highlighting how expensive credit in Colorado is burying people in debt, debunking arguments for legalizing even costlier credit. https://t.co/2aiOJvhnqb

Continuing with the theme of predatory payday loan apps, we released a policy brief called “Nickel and Dimed: How Payday Loan Apps Drain Workers’ Pay and How to Stop Them.” #StopTheDebtTrap https://t.co/TPKMiMyP3E

CRL's next report focused on new data showing that payday loan apps multiply costs and financial insecurity for borrowers – puncturing industry claims. Read the full report to learn the real impact of these dangerous apps: https://t.co/bhAHmopKkg #StopTheDebtTrap #2025wrap

During the sunny days of August, we released an important new report which called for state and federal action to combat abusive practices in solar financing. https://t.co/9Ty4drKtGc

In February, CRL also published a report called "Down the Drain" which outlined how predatory payday lenders took $2.4 billion in fees from borrowers in a single year. https://t.co/KA7Igv6lQh

2025 began with a research brief filled with fresh evidence of car-title lenders operating illegally in 22 states and DC. #2025wrap Read the report: https://t.co/HHATWfHTFF