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  • Troubling Sale of Corinthian Colleges Set to Close Today (January 12) 
    Public Citizen: Consumer Law & Policy Blog 12 Jan 2015
    The sale of Corinthian Colleges (the for-profit college chain that operates Everest, WyoTech, and Heald) to the student loan debt collector ECMC is poised to close today. The deal has raised serious concerns about the fate of Corinthian students and whether the new entity represents a true reform for student borrowers.
  • Expanding Consumer Protection in Auto Finance 
    Center for American Progress 12 Jan 2015
    Eighty-five percent of new-car purchases and 54 percent of used-car purchases in the United States involve financing, but not always through banks or credit unions.
  • Miss a Car Payment? N.J. Bill Would Ban Remote Kill Switch 
    South Jersey Times (NJ) 12 Jan 2015
    New Jersey Assemblymen Paul Moriarty and Angel Fuentes have sponsored a measure that would ban the use of "kill-switch" remote shut-down technology that car dealers or loan lenders use to enforce ...
  • Payday Lending Focus of New Bills in Legislature 
    El Paso Times (TX) 10 Jan 2015
    Consumer advocates and some members of the Texas Legislature are preparing to pursue new regulations for the short-term loan industry.
  • Step forward for the FHA 
    The Hill 09 Jan 2015
    Yesterday, President Obama took another important step to responsibly boost the housing market in a recovering economy.
  • Churches Step In With Alternative to High-Interest, Small-Dollar Lending Industry 
    Washington Post 09 Jan 2015
    Faith-based organizations nationwide have launched initiatives to offer an alternative to costly financial services like payday loans.
  • Interest-Only Loans Set the Bar High 
    Wall Street Journal 09 Jan 2015
    Interest-only loans have made a comeback; but these days, they are mainly available only to affluent, jumbo borrowers and are unlikely to create the kind of problems that predicated the subprime ...
  • CFPB Reviews Debt Obstacles for Service Members 
    ACA International 09 Jan 2015
    Writing in a blog post on the Consumer Financial Protection Bureau (CFPB) website, Holly Petraeus -- assistant director of the Office of Servicemember Affairs -- emphasizes that debt can be a major ...
  • Disparate Impact Defended 
    Credit Union Times 09 Jan 2015
    After cases in 2011 and 2013 were settled before reaching the nation's high court, the issue of "disparate impact" is once again before the Supreme Court justices.
  • FHA to Lower Fees in Bid to Aid Housing Market 
    Washington Post 08 Jan 2015
    The FHA will reduce annual premiums on its loans to 0.85 percent of mortgage value toward the end of January, the Obama administration confirms.
  • As Fewer Consumers Overdraw, Fees Rise 
    Boston Globe 07 Jan 2015
    U.S. consumers are taking better care not to spend more than what is available in their checking accounts, but financial service providers have responded by jacking up the fees to cover overdrafts ...
  • Debt Collection Scams Skyrocketing in Colorado, Attorney General Warns 
    7News Denver 07 Jan 2015
    Consumer complaints about debt collection scams in Colorado surged 1,350 percent between 2013 and 2014, state data show.
  • Payday Lending Expansion a No-Go for Now 
    Public News Service 06 Jan 2015
    With help from the Michigan Credit Union League, which organized a statewide effort to warn the public about the drawbacks of the plan, a push to grant more leeway to payday lenders was killed in ...
  • TD Bank's Overdraft-Fee Abuses Surge, Class Says 
    Courthouse News Service 06 Jan 2015
    Although TD Bank recently paid $62 million to settle litigation over its overdraft practices, it still engages in an "egregious" scheme to maximize overdraft revenue, according to a federal class ...
  • Payday Lending by Tribe Targeted by Connecticut 
    Bloomberg Businessweek 06 Jan 2015
    John Shotton, chairman of Oklahoma’s Otoe-Missouria tribe, and two payday loan companies businesses owned by it have been hit with a $1.
  • New York City Announces $1.3 Million Settlement With Debt Collection Agency 
    InsideARM 05 Jan 2015
    New York City’s Department of Consumer Affairs (DCA) has reached a settlement with National Credit Adjusters (NCA) over debt collection on illegal payday loans.
  • Warren Vows to Keep Fighting for Lower Student Loan Rates 
    Shelbyville Daily Union (IL) 05 Jan 2015
    Sen. Elizabeth Warren (D-Mass.) has promised to renew her push to reduce costs for higher education.

    “The student loan debt has become a drag on the economy,” the legislator ...
  • Payday Lending Jumps in Colorado, Attorney General?s Report Says 
    Daily Sentinel (CO) 04 Jan 2015
    An annual report by the Colorado attorney general’s office found that more than 165,000 state residents owed an aggregate $56 million to payday lenders at the end of 2013.
  • New Home Loan Helps Lower-Income Borrowers Build Equity Quickly 
    Los Angeles Times 02 Jan 2015
    The wealth-building home loan features a dramatically reduced interest rate on a 15-year-term, allowing borrowers to buy down the rate instead of making a down payment.
  • U.S. Agency Claims OC Company Running Student Debt-Relief Scam 
    Orange County Register (CA) 15 Dec 2014
    The Consumer Financial Protection Bureau (CFPB) has lodged a complaint against IrvineWebWorks Inc. and owner James Krause, alleging that the Orange County, Calif.
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