- Socorro Works on Payday Ordinance
El Paso Times (TX) 04 Oct 2014
Socorro has become the latest Texas jurisdiction to attempt to restrict payday lenders, which have recently opened branches locally.
- The High-Tech Ways Debt Collectors Get You to Pay Up
Credit.com 02 Oct 2014
Debt collectors are using the latest technology, including social media and "ignition interrupt devices," to track down debtors, prompting the Consumer Financial Protection Bureau (CFPB) to launch ...
- High Court to Take Housing Bias Case
Associated Press 02 Oct 2014
The nation's highest court is again preparing to take on the controversial principle of "disparate impact" as it applies to housing bias.
- Checking the Check Cashers
Bohemian.com 01 Oct 2014
California is one of 32 states that has seen growth in payday lending over the last two decades. It has had trouble enacting any limits on payday lenders beyond the existing laws since the practice ...
- Subprime Credit Cards Are Making a Comeback: ABA
American Banker 01 Oct 2014
The American Bankers Association says that after a six-year slump, the subprime credit card market has posted a 62 percent gain, with new subprime accounts rising from 1.
- Hispanic Borrowers Diminishing in California Housing
Bloomberg BusinessWeek 30 Sep 2014
In California, Hispanics -- more than any other group -- have been unable to tap into the housing recovery and rebuild wealth through homeownership, mainly due to tighter mortgage underwriting and ...
- U.S. to Shield Military From High-Interest Debt
Wall Street Journal 26 Sep 2014
The Obama administration will propose more stringent financial protections for personal loans made to military borrowers, due to concern that lenders are avoiding existing rules meant to keep ...
- Minority Borrowers Feel Mortgage Pinch
Wall Street Journal 23 Sep 2014
While the housing market continues its unsteady rebound, a new Federal Reserve study shows that black and Hispanic borrowers are receiving a smaller slice of the mortgage pie.
- Should Mortgage Lending Standards Ease?
Wall Street Journal 22 Sep 2014
One reason home construction is barely rising is today's tough lending standards. Whether or not to relax underwriting, however, is no simple matter.
- 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.
- 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.