- Ala. Payday Lender Bill Stalls in Committee
Associated Press 13 Feb 2014
The Alabama House Financial Services Committee this week sent a payday loan bill to a subcommittee, a move that Rep. Patricia Todd (D-Birmingham) says was meant to kill the legislation.
- Payday Lending Bill Sees Criticism
MagicValley.com 13 Feb 2014
The group Idaho Community Action Network (ICAN) is working toward state and city laws that would protect consumers from payday lenders.
- Fees Matter Most When Choosing a Bank: Survey
American Banker 12 Feb 2014
Bank fees could make or break customer loyalty, according to a survey from GoBankingRates. Out of 1,517 poll respondents, 45 percent said that "low or no fees" is the banking feature or service ...
- Data Brokers Come Under Fresh Scrutiny
Wall Street Journal 12 Feb 2014
The Federal Trade Commission (FTC), the Consumer Financial Protection Bureau (CFPB), and some lawmakers are turning up the heat on data brokers that compile profiles of financially troubled consumers ...
- Predatory Lawmaking
Willamette Week 12 Feb 2014
Although Oregon lawmakers outlawed payday lenders in 2007, a debt collection firm wants to offer a type of lending that consumer advocates say is equally egregious.
- Late Payment Rate on Mortgages Falls
Associated Press 11 Feb 2014
The return of home appreciation, a strengthening job market, and mortgage modification programs have bolstered Americans' finances, allowing more of them to keep current on their home loans.
- Bill Would Give Tax Relief for Student Loans
Statesman Journal (Oregon) 11 Feb 2014
College students in Oregon are holding out hope for House Bill 4097, which would let let taxpayers in the state subtract loan interest from their federal taxable income.
- Ally Holds Firm Against CFPB's Auto Lending Push
American Banker 10 Feb 2014
The Consumer Financial Protection Bureau (CFPB) and the Justice Department are clashing with lenders and dealerships over efforts to change the way auto loans get priced at U.S. car dealers.
- HARP Hits 3 Million Mark
Mortgage Orb 10 Feb 2014
The Home Affordable Refinance Program (HARP) has now helped more than 3 million borrowers to refinance their homes, confirms the Federal Housing Finance Agency.
- Rep. Mason's Student Debt Bill Gets a Hearing
Journal Times (Wis.) 10 Feb 2014
Wisconsin State Rep. Cory Mason (D-Racine) has proposed a bill to help borrowers struggling with student loans. The measure faces an uncertain future, but it received a hearing on Feb.
- Repaying Home Equity Loans
New York Times 09 Feb 2014
Borrowers who took out home equity lines of credit (Helocs) between 2004 and 2007 -- the top of the housing bubble -- can expect to see their monthly payments swell over the next few years.
- Idaho Legislators Take Aim at Predatory Loans
Idaho State Journal 09 Feb 2014
Legislators in Idaho concur that residents deserve better protections against predatory loans but disagree on the best approach to accomplish this goal.
- Prepaid Cards Often Used to Manage Funds
Boston Globe 08 Feb 2014
Prepaid debit cards are widely considered an alternative for consumers who do not qualify for traditional checking accounts, but the Pew Charitable Trusts has discovered that most Americans who use ...
- Seniors Overspend on Mortgage, Credit Cards
USA Today 08 Feb 2014
Older Americans are spending too much on mortgage debt and credit cards, according to a new report from the nonprofit National Center for Policy Analysis (NCPA). In 2012, interest payments made up 4.