- Irvington Moves a Step Closer to Using Eminent Domain to Fight Foreclosures
New Jersey Star-Ledger 30 Mar 2014
Irvington, N.J., council members recently approved a resolution that moves the town a step closer to using eminent domain to seize underwater mortgages.
- Mortgage Delinquencies, Foreclosures Continue to Fall: OCC
American Banker 28 Mar 2014
The latest Mortgage Metrics report from the Office of the Comptroller of the Currency shows that 2013 was a more stable year for mortgage portfolios.
- 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.
- Lawsuit Against Payday King for Spam Texts Gains Class-Action Status
Times Free Press 28 Mar 2014
A lawsuit against a Chattanooga-based payday lender accused of spamming Americans with unwanted text messages has received class-action status.
- 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.
- Pitfalls of Reverse Mortgages May Pass to Borrower?s Heirs
New York Times DealBook Blog 27 Mar 2014
A growing number of U.S. baby boomers are dealing with their parents' home loans, some of which are threatening their own inheritances.
- 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.
- Senator Warns of a Student Loan Bubble
NPR Online 27 Mar 2014
The federal government provides more than $150 billion in grants and loans to college students each year.
- Proposed Housing Bill Would Create a Co-Op of Mortgage Lenders
New York Times 27 Mar 2014
Rep. Maxine Waters (D-Calif.) believes the housing finance system should act more like a public utility, a concept backed by consumer advocates like the Center for Responsible Lending.
- U.S. Could Target Colleges Steering Students to Certain Banks
Wall Street Journal 26 Mar 2014
The U.S. Education Department is proposing to prevent colleges and universities from encouraging students who receive federal aid to open bank accounts offered by firms that have business ties with ...
- AARP Asks Senate to Reject Bill on Predatory Lending
Chino Valley Review (Arizona) 26 Mar 2014
Officials with AARP Arizona and its community partners intend to defeat "Consumer Lender Loan" House Bill 2526.
- HSBC Sued by Illinois? Cook County Over Minority Lending
Bloomberg 26 Mar 2014
Cook County, Ill., is suing HSBC North America Holdings Inc. for allegedly targeting minority borrowers in Chicago with high-cost mortgages.
- 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 ...
- Lawsuit Lenders Should Be Regulated as Other Lenders
Tennessean 26 Mar 2014
The Nashville Area Hispanic Chamber of Commerce is currying favor for a proposal in the state legislature that shields people from predatory lending tied to lawsuit payouts.
- Consumer Protection Bureau Says It's Nearing Crackdown on Payday Loans
Cleveland Plain Dealer (OH) 25 Mar 2014
The Consumer Financial Protection Bureau has put payday lenders on notice, confirming that "we are now in the late stages of our considerations about how we can formulate new rules to bring needed ...
- Do Financial Products Need Warning Labels?
MarketWatch 25 Mar 2014
The Consumer Financial Protection Bureau (CFPB) has proposed new debit-card disclosures that resemble the nutrition labels found on food packaging.
- Grad Students Driving the Growing Debt Burden
Wall Street Journal 25 Mar 2014
Widely available government credit and a weak economy have contributed to a recent surge in student loan debt for those pursuing graduate degrees, according to a new report by the think tank New ...
- Card Issuers Up Ante With Free Credit Score Data
American Banker 24 Mar 2014
A handful of credit card issuers now give consumers free access to their credit scores -- a move that was "strongly encouraged" by the Consumer Financial Protection Bureau last month.
- Monday Morning Cup of Coffee: Foreclosures Down 550K From Last Year
Housing Wire 24 Mar 2014
In its "First Look" report on February mortgage data, Black Knight Financial Services estimates that the number of loans in foreclosure nationwide has contracted by more than 500,000 from a year ...