- Architect of Postal Banking Proposal Speaks Out
American Banker 31 Mar 2014
While the U.S. Postal Service (USPS) already offers domestic money orders and global money transfers, a paper released in January proposes to greatly expand its menu of financial services to reach ...
- Payday Loan Reform Still a Possibility
Albuquerque Journal 31 Mar 2014
New Mexico legislators have proposed a constitutional amendment that would limit total charges on all short-term loans to an annual percentage rate (APR) of 36 percent.
- CFPB Issues TILA-RESPA Compliance Guide
Housing Wire 31 Mar 2014
The Consumer Financial Protection Bureau has put together a manual to help lenders comply with the Integrated Disclosure Rule, which consolidates the Truth in Lending Act (TILA) and the Real Estate ...
- Fannie Mae to Fine Mortgage Servicers
Housing Wire 30 Mar 2014
Beginning on May 1, mortgage servicers that submit loan reports that are behind deadline or inaccurate could incur a penalty from Fannie Mae.
- Controversial FHA Payoff Rule to End
Los Angeles Times 30 Mar 2014
For years, if an FHA mortgage was paid off before maturity, at closing the borrower would be expected to pay up a full month's interest.
- Millennials Still Struggling to Buy Their Own Nests
Investor's Business Daily 28 Mar 2014
While many Millennials are finally in a position to strike out on their own, economists say the impact of this trend on America's residential real estate sector probably will not be felt for at least ...
- Student Loan Debt Strangles Budgets
Associated Press 28 Mar 2014
About 37 million Americans are saddled with a combined $1 trillion-plus in student loans, and they may never catch up with peers who graduate without this financial burden.
- Lawmakers Clash Over Payday Lending Concerns
American Banker 27 Mar 2014
Lawmakers remain concerned about alternative lending products such as payday loans, but they are far from a consensus about what changes are needed.
- Credit Checks Pose Hurdle for Job Seekers
Consumer Eagle 27 Mar 2014
About half of employers perform credit checks on job prospects; and although the checks are permitted by law, there are limits to how they can be used.
- Congress Weighs Payday Lending Changes
Dayton Daily News 26 Mar 2014
The Ohio General Assembly passed a bill in 2008 to crack down on payday lenders in the state, but it has simply allowed those products to be replaced with auto title and installment loans, according ...