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News Headlines - predatory lending

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Bloomberg

Firms Making Predatory Mortgages to Veterans Face Crackdown
Bloomberg
If a lender's mortgages refinance extremely quickly or if they charge rates that are more than 1.5 percentage points above the market, they may face penalties. The bonds the lenders issue would carry a designation flagging to investors that they are ...

and more »

Crackdown on predatory mortgages to vets
WatertownDailyTimes.com
WASHINGTON — The U.S. is taking steps to stamp out the practice of service members and veterans being pressured into taking mortgages they don't need, a move that officials say will lower consumer costs and could lead to financial penalties for ...


The Latest: New Mexico delays rules on predatory lending | News ...
News & Observer
Full implementation has been delayed for a New Mexico law that protects against predatory lending by lowering maximum interests rates on small, short-term loans.

and more »

Ingersoll Times

Predatory lenders profiting from poor | Ingersoll Times
Ingersoll Times
News, Local, Provincial, Canada, World, Sports, High School Sports, Local Hockey, Hockey, Basketball, Baseball, Football, Soccer, Lacrosse, Curling, Other Sports, Entertainment, Local, Movies, Music, Television, Celebrities, Life, Health, Food, Travel ...

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Toledo Blade

House bill would rein in predatory lenders - The Blade
Toledo Blade
State Representative Michael Ashford introduced a bill, along with Representative Kyle Koehler, that would help slow down predatory lenders. THE BLADE Enlarge | Buy This Image. Four out of five people who take out a short-term payday loan cannot afford ...

and more »

HuffPost

Prestige Predators: Private Equity Cashes In On Payday Lending
HuffPost
Subprime installment loans are typically larger, with terms of several months or a few years, with effective annual interest rates that can climb into the high double-digits. Though these firms often market themselves as more humane alternatives to the ...


Washington Post

House GOP higher ed bill could limit D.C.'s oversight of student loan ...
Washington Post
The legislation would allow the federal government to preempt state laws governing federal student loan servicing and debt collection.

and more »

Wall Street Journal

Wells Fargo Fights Oakland's Lending Lawsuit
Courthouse News Service
SAN FRANCISCO (CN) — Wells Fargo on Thursday asked a federal judge to reject Oakland's lawsuit claiming the bank's racist lending practices cost the city millions in lost tax revenue. “If a borrower got a bad loan, did they default because of that or ...
Wells Fargo & Company - WFC - Stock Price Today - ZacksZacks Investment Research
SEC FORM 4 - SEC.govSEC.gov
WFC | Stocks Latest Headlines for Wells Fargo & Company - Barchart.comBarchart.com

all 248 news articles »

Columbia Business Times

2018's 20 Under 40: Brianna Lennon, The Law Office of Mike Campbell
Columbia Business Times
If you had unlimited funds, what is the one specific thing you would do to improve Columbia? I would love to bring alternative lending sources or microloan programs to Columbia to reduce the power of predatory lending. St. Louis has some model ...


Jalopnik

Read This Story Of A Man's Quest For Revenge Against The Tuckers, Racing's Payday Loan Scammers
Jalopnik
He bought a private jet and spent more than $60 million to start his own professional Ferrari racing team. Around 2005, Joel split to start a company that would allow anyone to get into online payday lending—supplying software to process applications ...

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