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| Lax Student Loan Standards Created Debt Crisis ABC News (blog) Lax loan standards have left many college graduates struggling to repay private student loans, according to a new study. A report by the Consumer Financial Protection Bureau and the Department of Education found that the private student loan market grew ... See all stories on this topic » | ||
| Fitch: No Shocks to Student Loan Market in CFPB Recommendations MarketWatch (press release) CHICAGO, Jul 23, 2012 (BUSINESS WIRE) -- A study of lending practices in the private student loan market conducted by the Consumer Financial Protection Bureau (CFPB) and the U.S. Department of Education provides no clear foundation for a major ... See all stories on this topic » | ||
| More Consumers With Bad Credit Scoring Car Loans Fox Business These changes have been fueled by the fact that more consumers are paying back their loans as agreed, experts say. According to the report, the number of loan payments that were 30 days late dropped by 7.6% and those 60 days late dropped by 12.1%. See all stories on this topic » | ||
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| Private Student Lending Followed Same Path as Burst Mortgage Bubble Credit Union Times The private student loan market shares some similarities with the real estate market before the mortgage bubble burst, according to a report released Friday by the Consumer Financial Protection Bureau and U.S. Department of Education. Specifically, private ... See all stories on this topic » | ||
| CFPB urges reconsideration of student loan practices Memphis Business Journal (blog) A study published by the Consumer Financial Protection Bureau has a suggestion for Congress: reconsider allowing student loan debt to be discharged in bankruptcy and require schools to be more active in educating student borrowers on the potential risks ... See all stories on this topic » | ||
| Jobs to go, lending languishes Sydney Morning Herald The comments by NAB's head of personal banking, Lisa Gray, were made as new data showed that consumers' demand for credit was flat in the past year, with home-loan inquiries historically low. ''Today, most of the banks have tens of thousands of ... See all stories on this topic » | ||
| Subprime car loans return to favor among auto lenders The Detroit News Consumers without top-tier credit are finding it easier to get new car loans, as banks and other lenders are lowering the scores needed to qualify. While that means additional sales for automakers, and enables more motorists to get into new cars and trucks, ... See all stories on this topic » | ||
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| Chrysler setting the pace in auto lending The Detroit News But analysts say some of Chrysler's gains can be traced to its special relationship with Santander Consumer USA Inc., the local arm of the Spanish bank Santander that specializes in lending to consumers with less-than-stellar credit. "Chrysler opening ... See all stories on this topic » | ||
| Northwest Bancshares, Inc. Announces Second Quarter 2012 Earnings and ... MarketWatch (press release) Northwest Bancshares, Inc. and Subsidiaries Asset quality (Dollars in thousands) June 30, March 31, June 30, December 31, 2012 2012 2011 2011 Non-accrual loans current: Residential mortgage loans $ - - - - Home equity loans - - - - Other consumer loans ... See all stories on this topic » | ||
| Decline in lending continues at pace despite government schemes Creditman Corporate lending is forecast to shrink by 6.2% this year, a similar rate to last year, and the outlook for consumer credit has worsened since last quarter. In the Spring forecast consumer credit was predicted to shrink by 7.6% this year, but weaker-than-expected ... See all stories on this topic » | ||
| UBP Projects 20% Loan Growth Despite Corporate Slowdown In 2012 Manila Bulletin "We think we're going to grow 20 percent as far as loans are concerned, but the corporate sector will be lower," said Union Bank president and COO Victor B. Valdepenas. "It will be slower (in growth) than the consumer loans." Valdepenas noted that private ... See all stories on this topic » | ||
| Manchester loan brokerage shut down MyIntroducer.com On its website the company stated that it had a wide range of financial solutions for people who had been turned down for loans or for those under pressure from debts. However, the investigation found that Easy Finance Limited did not have a valid consumer ... See all stories on this topic » | ||
| Dodd-Frank love-hate Crain's Detroit Business Finding bankers who like the Dodd-Frank Wall Street Reform and Consumer Protection Act is about as easy as finding bankers eager to start writing subprime mortgages again. While they agree reform was needed, they think it was bureaucratic overkill that drove ... Larger mortgage companies such as United Shore Financial Services LLC of Birmingham, Ross Mortgage Inc. of Royal Oak and Detroit's Quicken Loans Inc. are thriving, too. They are big enough to absorb the higher costs of compliance. And in this era of ... See all stories on this topic » | ||
| Lending to businesses and households to fall further Evening Standard The respected Ernst & Young ITEM Club's report on the financial services sector said the UK's double-dip recession meant consumer credit would shrink 10.5% this year, rather than the 7.6% it forecast just three months ago. Corporate lending is also set to ... See all stories on this topic » | ||
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| Demand for credit showing signs of life Ninemsn Interest rate cuts and federal government handouts appear to have made consumers a little more confident about taking on credit in the past couple of months. A pick-up in demand for personal loans and mortgage applications in the June quarter almost offset ... See all stories on this topic » | ||
| Decline in lending to businesses set to continue Plastics & Rubber Weekly The Ernst & Young Item Club argues that the decline in total lending to the economy – a similar rate to last year – will "sharpen" throughout 2012, with banks aware of companies and households "heightened risk of default". Consumer credit is expected to ... See all stories on this topic » | ||
| The new chairman of the Maine Bankers Association checks in Mainebiz Daily But, according to Chris Emmons, president of Gorham Savings Bank, it's also introduced complications into the lending process for banks and consumers alike. The new chairman of the Maine Bankers Association believes banks — particularly local ... See all stories on this topic » | ||
| Q&A: Cordray marks consumer protection agency's 1st year College Times In addition, many lawmakers and financial executives continue to worry that the new oversight and regulations will hurt business and stifle lending to consumers. Cordray, a soft-spoken former Ohio attorney general, acknowledged the continued controversy. See all stories on this topic » | ||
| S&T Bancorp, Inc. Announces Second Quarter Earnings MarketWatch (press release) The low interest rate environment continues to impact our net interest margin as the rates on new loans are well below the loans being replaced from early payoffs and normal amortization. .... 345698 Installment & Other Consumer 78768 82223 70171 Construction 2208 2211 3365 Total Consumer Loans 913717 908966 850997 Commercial Commercial Real Estate 1401751 1416663 1441813 Commercial & Industrial 717107 703112 690956 Construction 162872 169039 208111 Total Commercial Loans 2281730 ... See all stories on this topic » | ||
| Consumer advocate Eugene Kimmelman turns to human rights The Seattle Times Kimmelman was this newspaper's choice in 2010 to lead the new Consumer Financial Protection Bureau. The agency is charged with protecting Americans from the abuses suffered in recent years with mortgages, credit cards, private student loans and debt ... See all stories on this topic » | ||
| Corporate lending to plummet as businesses grapple with credit crunch London Loves Business Corporate lending is forecast to drop by 6.2% this year, a similar decline to the one seen last year, while consumer credit will drop by 10.5%, a sharper drop than the 7.6% it forecast three months ago. Overall lending by the banking sector will drop by 2% in ... See all stories on this topic » | ||
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| Chemical Financial Corporation Reports Second Quarter 2012 Results MarketWatch (press release) Total loans were $3.96 billion at June 30, 2012, compared to $3.84 billion at March 31, 2012 and $3.75 billion at June 30, 2011. Total loans increased $119 million, or 3.1%, in the second quarter of 2012. This increase was largely driven by a consumer loan ... See all stories on this topic » | ||
| 2000 Teachers 'Vanish' With SACCO Loans AllAfrica.com "We are now working with CRB and are convinced that we shall get more information concerning these teachers so that they can repay their loans," said Museruka. CRB Africa is a private South African company that collects individual consumer credit ... See all stories on this topic » | ||
| Conservative Business Decisions Keep Bluegrass Credit Unions in the Green Credit Union Times "A lot of it is fueled by consumer loans: cars, personal loans, those types of things." The community charter credit union hasn't had problems making mortgage loans, either. Fromma said he tries to hold his long-term assets to 20% of assets, allowing it to go as ... See all stories on this topic » | ||
| Experts: Wealth Plummets for People of Color, 'Bad' Loans to Blame Public News Service "African American and Latino consumers were often steered into products - frankly, subprime loans or nontraditional loans - when they qualified for prime, high credit, high-quality products." Some have blamed the Community Reinvestment Act as the reason ... See all stories on this topic » | ||
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| Study: Private Student Loan Defaults Top $8.1 billion. Patch.com Additionally, during this period, lenders were more likely to originate loans to borrowers with lower credit scores than they had previously been. These trends made private student loans riskier for consumers." Related Topics: Daily Pickup CT and student loan ... See all stories on this topic » | ||
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| Chicken industry gives consumers less for more Independent Online The letter from Kevin Lovell, spin doctor for the SA Poultry Association, regarding poultry imports (Business Report, July 16) begs a response. We as informed consumers are no longer duped by Lovell's bogus employment figures, manipulated import statistics ... See all stories on this topic » | ||
| Recycling loan aids expansion at Canyon Plastics Waste & Recycling News Among its operations, the company can capture a job's remaining hot-runner resin and use it for the same customer to meet a specific demand for post-consumer recycled content in a product, Gijera said. "We use our own material for our own customers," he ... See all stories on this topic » |
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| Student Loan Crisis Needs Congressional Intervention: Consumer ... By Emily Richmond Student Loan Crisis Needs Congressional Intervention: Consumer Protection Bureau. Not surprisingly, the repercussions of the nation's student loan debt crisis continue to grow. A new consumer protection agency, in a report to Congress and ... The Educated Reporter | ||
| CFPB's Proposed Mortgage Disclosure Rules and Criticism of Them ... By Brian Wolfman The Dodd-Frank financial reform law directed the Consumer Financial Protection Bureau to propose new disclosures that consumers will receive when they apply for and close on a mortgage loan. Current law demands differing and arguably ... CL&P Blog | ||
| Study: Private Student Loan Defaults Top $8.1 billion. - Danbury Patch By Eileen McNamara Student-loan debt has grown to $1 trillion, topping all other forms of consumer debt in the U.S., according to a new report released by the Consumer Finance Protection Bureau. While the amount of private student loan issued in the last year or ... Danbury Patch |
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| Consumer loan rates ripe for refinancing » Business » The Norman ... New LoansOption to reduce payments is not just for home loansHome loans aren 't the only place consumers can save money because of historically low int. normantranscript.com/.../Consumer-loan-rates-ripe-for-refinan... | ||
| Efforts to Increase Consumer Protection for Private Student Loans As more and more private student loans flood the lending market, the risk of default on this front is creeping up exponentially. During the financial scam of 2008, ... www.capcredit.com/efforts-to-increase-consumer-protection-f... |
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