- Wells Fargo's Foreclosure Process Draws New Fire
American Banker 17 Mar 2014
Wells Fargo is under the spotlight once again due to allegations that it developed a how-to manual for producing false documents to justify foreclosures.
- Millennials? Money Misfortune
Washington Post 16 Mar 2014
Many so-called Millennials are struggling financially, and they may be the first U.S. generation to be worse off than their parents. The 80 million-strong demographic is vital for the U.S.
- DOJ Inspector General Says Department Is Not as Tough as It Claims on Mortgage Fraud
Washington Post 14 Mar 2014
Despite claims to the contrary, a new audit reveals that mortgage fraud has not been a big priority at the FBI.
- Church, Housing Groups Sue Gov. Brown Over Mortgage Settlement Money
Los Angeles Times 14 Mar 2014
Several religious groups and homeownership advocates are suing California Gov. Jerry Brown, demanding that he return about $350 million from California's share of the 2012 national mortgage ...
- Are Post-Crisis Credit Requirements Holding Back 1.2M Mortgages?
Housing Wire 14 Mar 2014
More than 1.2 million mortgages could be made if credit conditions and requirements were at traditional, pre-crisis levels, according to a new paper from the Urban Institute.
- Why the DOJ Won?t Back Down on Auto Lenders
Washington Post 13 Mar 2014
Auto dealers have been receptive to new industry-generated pricing recommendations aimed at stamping out discrimination, but that is not enough to make the government step down its scrutiny.
- AGs Push for New Collection Rules
American Banker 13 Mar 2014
Attorneys general representing 30 states and Washington, D.C., are pressing the Consumer Financial Protection Bureau to install new debt collection rules that more effectively safeguard the public ...
- More Car Loans Exceed 6 Years as Prices Rise
USA Today 13 Mar 2014
More new-car buyers are choosing long loans stretching out past six years or going for leases in an effort to keep monthly payments in check as car prices climb.
- Cash Store Proposed in Grand Rapids as Mayor Explores Payday Lending Crackdown
MLive.com 13 Mar 2014
In Michigan, Grand Rapids Mayor George Heartwell is opposing an Approved Cash Advance store that wants to set up shop in the city.
- CFPB Takes Aim at 'Zombie' Foreclosures
American Banker 13 Mar 2014
The Consumer Financial Protection Bureau is looking into how bank "walkaways" from distressed homes are hurting borrowers and how to rectify the situation.
- Fed Watchdog Investigates Companies That Link Borrowers, Payday Lenders
Columbus Dispatch 13 Mar 2014
The Consumer Financial Protection Bureau (CFPB) is conducting a probe into companies that connect cash-poor consumers with payday lenders.
- Another Push for Debit Card Rules
Inside Higher Ed 12 Mar 2014
The Department of Education’s Office of Inspector General has joined the call for a crackdown on the use of debit cards that give college students access to their financial aid funds.
- States, Federal Government Cracking Down on For-Profit Colleges
CNNMoney 12 Mar 2014
The U.S. Department of Education has attempted to deepen its oversight of for-profit colleges but has been rebuffed by lobbying and legal challenges.
- Debt Collectors Targeting Members of the Armed Services
Huffington Post 11 Mar 2014
Despite increased efforts to protect members of the U.S. Armed Forces from debt collection abuse, collectors still target military personnel by calling their superior officers or threatening ...
- Net Tool Tracks Fraud Against Older People
Boston Globe 11 Mar 2014
AARP has developed a new interactive Fraud Watch Network map to alert older consumers to fraudulent schemes that target them.
- With Clock Ticking on Mortgage Relief, Homeowners Wonder What's Ahead
Washington Post 11 Mar 2014
Five years after the federal government rescued more than 1 million distressed homeowners, many who received aid could still wind up in foreclosure.
- Payday Lending Bill Passes Idaho Senate
Idaho Statesman 11 Mar 2014
The Idaho Senate has passed SB 1314 to curb payday lending in the state and cap the maximum amounts and interest rates of these loans.
- Payday Loan Law Helps State Borrowers
Minnesota Daily (MN) 10 Mar 2014
Minnesota State Rep. Joe Atkins (DFL-Inver Grove Heights) has introduced legislation to regulate the state's payday lending industry.
- Speeding Up Vacant-Home Foreclosures Could Save Big: Fed Paper
American Banker 10 Mar 2014
A new study by the Federal Reserve Bank of Cleveland concludes that fast-tracking foreclosures in states that handle the process through the courts could lead to significant savings for all parties.
- 5 Ways Children Hold the Key to Housing's Future
Housing Wire 10 Mar 2014
Financial education for children is the key to helping shape housing's future, Consumer Financial Protection Bureau director Richard Cordray said at the President's Advisory Council for Financial ...