- New Lenders Spring Up to Cater to Subprime Sector
Wall Street Journal 06 Mar 2014
New lenders are reaching out to consumers with subprime credit, a population often ignored since the financial meltdown. Equifax Inc.
- New York Demands Data From Mortgage Firm Nationstar
New York Times 06 Mar 2014
New York State's top banking regulator, Benjamin M. Lawsky, is raising questions about the capabilities of Nationstar Mortgage Holdings.
- House, Senate Committees Approve Payday Loan Bills
Montgomery Advertiser (AL) 06 Mar 2014
Committees in the Alabama House and Senate on March 5 approved two bills that would place some limitations on payday lending in the state.
- State Lawmakers to Consider Proposals to Add New Caps to Payday Lending Rates in Louisiana
Associated Press 05 Mar 2014
In Louisiana, legislation sponsored in the state House by Rep. Ted James (D-Baton Rouge) and in the upper chamber by Sen.
- Subprime Auto Boom Besieged by Late-Payment Jump
Bloomberg 05 Mar 2014
A three-year lending boom to car buyers with flawed credit that helped push auto sales to a six-year high is starting to show signs of overheating.
- Americans Borrowing Record Amount to Buy Cars
CNBC News 04 Mar 2014
Americans are borrowing a record amount to pay for their cars, due in large part to a combination of higher prices for new cars and relatively low rates for auto loans.
- Credit Card Breaches: Are Consumers out of Luck?
CBS News 04 Mar 2014
Although recent cyber-security attacks at major retailers like Target have received national media attention, less well-known security breaches have occurred in recent years.
- Pay Day Loan Reform Bill May Return
Montgomery Advertiser (AL) 04 Mar 2014
Alabama lawmakers are planning to revive a proposal to regulate payday lending in the state. The House Financial Services Committee is scheduled to revisit legislation sponsored by Rep.
- Judge Shuts Down 13 Debt Collection Companies for Strong-Arm Tactics
Denver Post 04 Mar 2014
U.S. District Court in Buffalo, N.Y., has issued a temporary restraining order preventing at national network of debt collectors from doing business while the Federal Trade Commission looks deeper ...
- Student Loans Entice Borrowers More for Cash Than a Degree
Wall Street Journal 03 Mar 2014
Some Americans caught in the weak job market are lining up for federal student aid in order to take out low-cost loans, sometimes with little intention of getting a degree.
- Taking Risk, Credit Unions Push Student Loans
Boston Globe 03 Mar 2014
Credit unions have expanded into the private student loan market as a means of attracting younger customers and higher returns, but regulators are increasingly concerned about the risks involved in ...
- PNC Under Investigation for FHA, Fannie, Freddie Mortgages
Housing Wire 03 Mar 2014
The U.S. Attorney's Office for the Southern District of New York has subpoenaed PNC Bank in connection with allegations of faulty lending practices at National City Bank.
- New Home Loan Balances Overtake Foreclosures: Equifax
American Banker 28 Feb 2014
The volume of new mortgage debt is outpacing that of loans in foreclosure for the first time in more than three years, Equifax reports.
First mortgage balances grew to $7.
- College Station City Council Joins Bryan in Regulation of Payday Loans
The Eagle (TX) 28 Feb 2014
In Texas, the College Station City Council has adopted regulations that restrict payday lenders. The state currently has no limits on fees or loan sizes from payday or auto title lenders, but ...
- Fair Housing Group Goes After Banks Failing to Maintain REO
American Banker 28 Feb 2014
The National Fair Housing Alliance has filed administrative complaints with HUD against Bank of America, U.S.
- A Call to Give Consumers Their Credit Scores Free
New York Times 28 Feb 2014
The Consumer Financial Protection Bureau (CFPB) has called on credit card companies to give customers free copies of their credit scores.
- House Passes Bill Limiting Consumer Regulator
Wall Street Journal 27 Feb 2014
The GOP-led House of Representatives on Feb. 27 passed a bill to curtail the power of the Consumer Financial Protection Bureau (CFPB).
- Top Debt Collection Complaints
CNNMoney 27 Feb 2014
Since it began fielding complaints about debt collection last summer, the Consumer Financial Protection Bureau has received more than 11,000 related gripes -- second in volume only to mortgage ...
- The Hidden Cost of Car Loans
US News 27 Feb 2014
Car dealers are cheating buyers by failing to disclose interest rate markups.
- U.S. Sues College Chain ITT Over Loans
USA Today 27 Feb 2014
The Consumer Financial Protection Bureau (CFPB) sued national college chain ITT Educational Services this week, accusing it of predatory lending.