Overview
What is Center For Responsible Lending?
The Center For Responsible Lending is a nonprofit organization situated in Durham, North Carolina. Their primary mission is to safeguard economic opportunities for low-income and minority families and communities. They achieve this by conducting thorough research, offering educational resources, and providing technical assistance. The organization focuses on addressing predatory lending and other harmful financial practices, with a particular emphasis on racial disparities. In the realm of federal student loan debt repayment, they offer legal analysis and insights, engage in rulemaking processes, and advocate for meaningful consumer protections. Additionally, they work with industry participants to implement policy changes aimed at reducing disparities in small dollar lending and home ownership. The Center For Responsible Lending also extends its assistance to state-based community, policy, and civil rights groups, helping them navigate consumer financial product regulations at the state level.
Official website here: www.responsiblelending.org
Is Center For Responsible Lending legitimate?
Center For Responsible Lending is a legitimate nonprofit organization registered as a 501(c)(3) entity. Center For Responsible Lending submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.responsiblelending.org
What is the mission statement of Center For Responsible Lending?
The Center for Responsible Lending operates with a mission to safeguard economic opportunities for low-income and minority families and communities. They accomplish this by conducting thorough research, offering educational resources, and providing technical assistance. The focus is on combating predatory lending practices and other abusive financial behaviors that disproportionately impact these communities. Their activities include offering legal analysis, participating in rulemaking processes for federal student loan forgiveness and repayment models, and assisting in the development of regulations and laws for consumer protections in small dollar lending products. Additionally, the Center for Responsible Lending collaborates with various industry and regulatory entities to promote policy changes aimed at reducing racial and socioeconomic disparities in areas like home ownership and overdraft policies.
Official website here: www.responsiblelending.org
Who is the CEO of Center For Responsible Lending?
Michael Calhoun is the President of Center For Responsible Lending. The CEO's salary of Center For Responsible Lending is $0 and their total compensation is $124,909.
Official website here: www.responsiblelending.org
What is the revenue of Center For Responsible Lending?
Center For Responsible Lending's revenue in 2022 was $4,782,304.
Official website here: www.responsiblelending.org
Who are the executives of Center For Responsible Lending and what are their salaries?
Here are 15 key members and their salaries (Center For Responsible Lending's CEO's salary is $0 and their total compensation is $124,909):
- Compensation: $0
- Related: $127,392
- Other: $38,780
- Compensation: $0
- Related: $132,897
- Other: $23,035
- Compensation: $0
- Related: $123,787
- Other: $24,586
- Compensation: $0
- Related: $90,352
- Other: $42,144
- Compensation: $0
- Related: $109,296
- Other: $22,161
- Compensation: $0
- Related: $91,215
- Other: $39,201
- Compensation: $0
- Related: $90,354
- Other: $34,555
- Compensation: $0
- Related: $100,215
- Other: $21,569
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.responsiblelending.org
Where can I find the form 990 for Center For Responsible Lending?
Center For Responsible Lending's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.responsiblelending.org
Learn more at the official website: www.responsiblelending.org
Mission Statement of Center For Responsible Lending
The Center for Responsible Lending, a nonprofit organization, is committed to safeguarding economic opportunities for low-income families and communities, particularly those of ethnic minorities. To achieve this mission, the Center conducts thorough research, offers educational resources, and provides technical assistance. This work focuses on identifying and addressing predatory lending practices and other financially abusive behaviors.
By conducting research, the Center for Responsible Lending aims to shed light on the impact of predatory lending and other abusive financial practices on vulnerable communities. This research informs policy proposals and initiatives aimed at protecting these communities. Additionally, the Center offers educational resources to help individuals and organizations understand these issues and advocate for change.
In terms of technical assistance, the Center works closely with various stakeholders, including industry participants, regulators, and community organizations. This collaboration is instrumental in developing policies and regulations that promote meaningful consumer protections and reduce racial and socioeconomic disparities in areas such as home ownership and small dollar lending. The Center's technical assistance also helps state-based organizations to advocate for consumer financial products that align with their communities' needs and interests.
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Impact
October, 2024
The Center for Responsible Lending (CRL) significantly impacts low-income and minority families and communities by addressing predatory lending and other abusive financial practices. Through rigorous research and outreach, CRL provides vital education and technical assistance aimed at enhancing consumer protections and economic opportunities.
Their work involves analyzing racial disparities in federal student loan debt repayment and participating in the development of new rules for federal student loan forgiveness, thus advocating for fairer repayment models. Additionally, CRL plays a crucial role in shaping regulations around small dollar lending products, ensuring that policies are designed to minimize racial and socioeconomic disparities in home ownership.
CRL has also made strides in collaborating with financial institutions to improve overdraft and nonsufficient funds policies, promoting more equitable practices that benefit consumers. By offering technical assistance to various community, policy, and civil rights organizations at the state level, CRL continues to be a formidable force in advocating for consumer rights and better financial standards. Their commitment to research and education directly contributes to creating a more just financial landscape for vulnerable populations.
This information is meant to be a general summary of Center For Responsible Lending. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $71,764
- Program Service Revenue: $45,357
- Gross Receipts: $4,782,304
Assets and Liabilities:
- Total Assets: $9,921,887
- Total Liabilities: $2,129,398
- Net Assets: $7,792,489
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Litigation
Revenue
$45,357
Organization Details
Founding Year
2002
Principal Officer
Michael Calhoun
Main Address
302 West MAIN STREET, Durham, NC, 277013227
Website
www.responsiblelending.orgNTEE Category
Code: I80 - Crime
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