- CFPB Targets Mini-Correspondent Divisions
Housing Wire 11 Jul 2014
The Consumer Financial Protection Bureau is focusing on a possible loophole that its qualified mortgage rules have possibly created for lenders.
- Missouri Governor Vetoes Payday Loan Legislation
St. Augustine Record 11 Jul 2014
Missouri Gov. Jay Nixon has vetoed a bill that would have re-written the state's payday loan laws. He called the newly proposed limits an industry-backed “sham” that fell short of ...
- The Big Benefits of Postal Service Banking
U.S. News and World Report 07 Jul 2014
About 68 million Americans depend on nonbank financial services, such as check cashing or payday lending, because they have been shut out of traditional banking, writes Sen. Elizabeth Warren (D-Mass.
- 8 Tricks Up Your Auto Dealer's Sleeve
Philly.com 03 Jul 2014
Auto dealers may use a variety of tactics that net them greater profit from a sale but cause consumers to pay more than necessary.
- Miss. Payday Lending Company Investigated
Jackson Clarion-Ledger (MS) 02 Jul 2014
The Mississippi Department of Banking and Consumer Finance is investigating potentially illegal practices at payday lender All American Check Cashing Inc.
- Interest Rates on Student Loans Go Up Today
Columbus Dispatch 01 Jul 2014
A hike in interest rates on new federal student loans is in effect, as of July 1. Although the increase is relatively small, it may be just the first of others to follow.
- New Frontier Bank Fined $70,000 by FDIC
St. Louis Post-Dispatch 30 Jun 2014
New Frontier Bank has paid a $70,000 penalty after being accused of violating the Real Estate Settlement Procedures Act (RESPA).
- In Home Loans, Subprime Fades as a Dirty Word
New York Times 29 Jun 2014
Subprime mortgages gained notoriety as a key contributor to the financial crisis, but a safer version of the loans is gaining popularity in response to tight underwriting that has blocked millions of ...
- FHFA Assists 3.2 Million Troubled Homeowners
Housing Wire 27 Jun 2014
The number of foreclosure prevention actions completed by Fannie Mae and Freddie Mac during the first quarter fell to 88,800, down from 99,704 in the fourth quarter of 2013, according to the Federal ...
- Credit-Card Lenders Pursue Riskier Borrowers
Wall Street Journal 27 Jun 2014
More than ever since the financial crisis, lenders are wooing riskier credit card borrowers in hopes of boosting revenue amid slow growth and more regulation. Lenders issued 3.
- Fresno City Council Votes to Put a Lid on Payday Lenders
ABC30 Action News 26 Jun 2014
The Fresno City Council has voted to limit payday lenders. City leaders have learned that Fresno's 66 existing payday lenders may be hurting the local economy by imposing interest rates topping 400 ...