- In Checking Accounts, The Less You Have, The More You May Pay
New York Times 21 Sep 2014
The rules and fees associated with basic checking accounts can vary widely, with the annual cost ranging from $0 to more than $700, based on a 2014 survey by WalletHub.
- College Debt Leaves Generation X Grads Less Wealthy Than Parents
Dallas Morning News 21 Sep 2014
Although most college-educated Americans in their 30s and 40s earn more than their parents did at the same age, a new Pew Charitable Trusts report finds they are saving less -- partly due to student ...
- Lenders Turning to High-Interest Personal Loans
Wall Street Journal 19 Sep 2014
Lenders are focusing on high-interest personal loans in an attempt to increase revenue, which is being chipped away by new rules on mortgages and credit cards.
- CFPB Memo Extends Mortgage Protections to Same-Sex Marriages
Housing Wire 19 Sep 2014
The Consumer Financial Protection Bureau has quietly issued guidance reminding mortgage professionals that it expects same-sex households to receive fair treatment when applying for home loans and ...
- Student Debt Could Reduce Home Sales 8 Percent This Year, Report Says
Wall Street Journal 19 Sep 2014
Mounting student loan obligations will hold back home sales by about 8 percent this year, predicts John Burns Real Estate Consulting. A report released by the advisory firm on Sept.
- The Democrats' Student-Loan Weapon
Wall Street Journal 18 Sep 2014
Sen. Elizabeth Warren (D-Mass.) has become her party's primary advocate for student-loan reform; however, her proposal to let borrowers refinance at current rates was shot down by Republicans.
- Congress Considers Bill to Aid Homeowners Facing Foreclosures
Central Valley Business Times (CA) 17 Sep 2014
With bipartisan co-sponsorship and support from the real estate sector, U.S. Rep. Jerry McNerney (D-Calif.) has introduced a proposal that would accelerate short sales.
- Banks Discount Mortgages
Wall Street Journal 17 Sep 2014
In a move to help low-income and subprime borrowers, two of the country's biggest banks have agreed to offer below-market interest rates on certain home loans.
- El Paso City Council Approves Payday Lending Zoning Restrictions
El Paso Times (TX) 16 Sep 2014
City councilors in El Paso, Texas, have passed a new zoning ordinance for payday lenders, subjecting the "predatory" businesses to new restrictions.
- Student-Loan Borrowers Have Chance to Refinance at Lower Rates
Wall Street Journal 16 Sep 2014
Citizens Financial Group has joined the handful of lenders that are now refinancing federal student loans into private ones.
- Would a GOP Senate Foretell Change for Consumer Agency?
McClatchy News Service 16 Sep 2014
The growing pains of the controversial Consumer Financial Protection Bureau have attracted negative attention in Congress and could cause further headaches for the bureau, which likely will come ...
- Old Debts, Fresh Pain: Weak Laws Offer Debtors Little Protection
ProPublica 16 Sep 2014
New research reveals that millions of Americans, most earning $40,000 or less, are feeling the financial pain of having a chunk of each paycheck garnished to pay off consumer debts.
- New Ordinance Regulates Amarillo Pay Day Loan Industry
ConnectAmarillo.com (TX) 16 Sep 2014
The Amarillo City Council on Sept. 16 gave final approval to an ordinance concerning Credit Access Businesses (CABs), after a community meeting and two public hearings.
- City of El Paso May Place New Restrictions on Payday Loans
El Paso Times (TX) 15 Sep 2014
El Paso, Texas, is considering a zoning change that would restrict locations for new payday and auto title lenders. The change would not affect businesses already in operation.
- Federal Agency Sues Two Johnson County Men, Says They Bilked Payday Loan Customers out of Millions
Kansas City Star 15 Sep 2014
The Federal Trade Commission (FTC) has asked for injunctions against more than a dozen payday lending outfits controlled by Timothy A. Coppinger and Frampton T. Rowland III of Johnson County, Mo.
- Last Week Tonight on Student Loans
Last Week Tonight with John Oliver 15 Sep 2014
On Sunday, September 7, 2014, the HBO program Last Week Tonight with John Oliver featured a segment on student loans. In addition to discussing the size of student loan debt, the segment also featured information about the role for-profit colleges play...
- Counterpoint: Race Does Matter in Mortgage Lending
Housingwire 15 Sep 2014
In response to a Housing Wire column that alleged that mortgage lending was color-blind, CRL’s Nikitra Bailey, executive vice-president for external affairs, penned a rebuttal. Her column cites research that proves the journey towards far fair housing still has a long way to go.
- Credit Access Is a Top Worry for Housing-Industry Executives Looking at 2015
MarketWatch 15 Sep 2014
With 2015 just over the horizon, housing executives are concerned about the impact of tight underwriting on next year's residential property market.
- CFPB Finalizes Plan to Supervise Money Transmitters
American Banker 15 Sep 2014
The Consumer Financial Protection Bureau (CFPB) has finalized a rule that will bring large, nonbank global money transmitters under its control starting on Dec. 1.
- Mortgage Lead Generator Charged With Deceptive Advertising
Reverse Mortgage Daily 15 Sep 2014
The Federal Trade Commission (FTC) has charged Intermundo Media LLC, a Colorado-based mortgage lead generator, with allegedly deceiving consumers through false advertising claiming it could refinance ...