- 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 ...
- Prepaid Debit Cards Becoming Choice Of Scammers
CBS 4 Denver 23 Jun 2014
Scam artists are turning to prepaid debit cards. "The scammers are having to turn to these money cards more and more, so they're taking their time, they're talking slowly to seniors, they're walking ...
- Alternative Credit Draws Mainers In, at Heavy Cost
Portland Press Herald (Maine) 22 Jun 2014
With 7.5 percent of its population patronizing payday lenders, rent-to-own shops, refund anticipation loans, and pawn shops, Maine more than any other New England state is finding its residents ...
- Dunn Still Focused on Payday Loan Bill
Troy Messenger (AL) 20 Jun 2014
Troy, Ala., City Councilman Charlie Dunn is holding out hope for a plan that would limit the number of payday lenders locally.
- SunTrust Fined Over Mortgages
Wall Street Journal 18 Jun 2014
SunTrust Banks will pay $968 million in fines and consumer relief to settle federal allegations of abusive mortgage practices.
- Some Americans are Getting Into Debt Just to Get By
MarketWatch 18 Jun 2014
While the wealthy have returned to their pre-crisis behavior of paying for everything from higher education, cars, and luxury homes with cash, the rest of the consumer sector has changed dramatically ...
- U.S. Extends Navient Corp Student Loan Contract
Wall Street Journal 17 Jun 2014
Bucking pressure to terminate its contract with student loan servicer Navient Corp., which is under fire for allegedly gouging some borrowers, the Department of Education has instead renewed the ...