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| Reports Say National Consumer Credit Balances Go Up as Payment ... LoanSafe (SOURCE Equifax) – Outstanding balances on non-mortgage consumer accounts reached a 28-month high, according to Equifax's latest monthly National Consumer Credit Trends Report. The total balance of $2.43 trillion in June 2012 is an increase of more ... See all stories on this topic » | ||
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| Old Mutual's Nedbank Says Profit Rises 27% on Boost in Loans Businessweek Nedbank, South Africa's fourth-largest lender by assets, has been boosting lending to consumers to win a bigger share of South Africa's consumer market from rivals such as Standard Bank Group Ltd. (SBK) and Barclays Plc's Absa Group Ltd. (ASA) The ... See all stories on this topic » | ||
| Consumer Protection Agency's First Lawsuit Targets Law Firm Wall Street Journal (blog) The complaint also names his business partner, Abraham Pessar, and two of Mr. Pessar's companies, Division One Investment and Loan Inc. and Processing Division LLC. Messrs. Gordon and Pessar "used consumers' last dollars to fund a lavish lifestyle, ... See all stories on this topic » | ||
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| Supreme Court rules on payday loans issue Hannibal.net If the issue is approved in November it will set a 36 percent limit on the interest that can be charged on payday loans and some other small consumer loans in Missouri, where the average interest rate is now 445 percent, according to Branson Wood. See all stories on this topic » | ||
| US Consumer Financial Agency Hits Lawyer in First Suit Businessweek The lawsuit, filed in federal court in Los Angeles, alleges that Chance Gordon used his law firm and affiliated companies to falsely promise loan modifications in exchange for advance fees, ranging from $2500 to $4000, according to a complaint unsealed on ... See all stories on this topic » | ||
| U.S. Consumer Financial Agency Hits Lawyer in First Suit Bloomberg "Rather than helping homeowners modify their mortgage loans or avoid foreclosure, defendants dupe distressed homeowners into paying thousands of dollars based on false promises and misrepresentations," Kent Markus, the bureau's enforcement director, ... See all stories on this topic » | ||
| New Unsecured Loans Site Matches Borrowers to US Lenders DigitalJournal.com (press release) In 2012 the consumer has more choices than ever before when it comes to finding the loan that's right for them. Whereas in previous years a perfect credit score was a prerequisite for obtaining a personal loan, a car loan or even a new credit card, today, ... See all stories on this topic » | ||
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| Bad Credit Cash Advance ORG Fills the Lending Gap for Bad Credit Borrowers Virtual-Strategy Magazine BadCreditCashAdvance.org's online lending matchmaking platform appeals to individuals with less than desirable credit scores; in today's financial climate, the average consumer. BadCreditCashAdvance.org matches borrowers with reputable lenders in an ... See all stories on this topic » | ||
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| Continued margin pressure to affect banking sector: OSK Sin Chew Jit Poh "While we observed disappointing growth trends in loans disbursements for properties and personal loans for credit cards, the industry loans growth for June is supported by business loans in anticipation of ETP-related initiatives. "Furthermore, a strengthened ... See all stories on this topic » | ||
| Payday loan customers get better protection Think Money The President of the Consumer Finance Association, Caroline Walton, said: "With more people taking advantage of different sources of finance, the Charter explains clearly how a short-term or payday loan works and how much it costs. We have consulted the ... See all stories on this topic » | ||
| Bills Introduced on Regulation of Short Term, Small Dollar Lending JD Supra (press release) NCCCs would be subject to certain restrictions, including a prohibition on consumer loans with terms of 30 days or less. The House Financial Services Committee's Subcommittee on Financial Institutions and Consumer Credit held a hearing to consider H.R. ... See all stories on this topic » | ||
| How JPMorgan Chase Gouged its Credit Card Customers JD Supra (press release) JPMorgan Chase Bank will pay $100 million to settle claims that it jacked up interest rates on loan balances that were transferred to consumers' credit cards after it promised them a fixed rate, according to documents just filed in a California federal court. See all stories on this topic » | ||
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| Medallion Financial Corp. Reports 2012 Second Quarter Results MarketWatch (press release) The managed commercial loan portfolio was $115000000 at quarter end, down from $126000000 last year. In both cases, the declines primarily reflected portfolio repayments. Medallion Bank's consumer loan portfolio increased 16% to $227000000 at ... See all stories on this topic » | ||
| Federal regulator sees no benefit in reducing troubled loans Pittsburgh Post Gazette Treasury Secretary Timothy F. Geithner struck an unusually personal tone in chastising Mr. DeMarco for his decision, even while acknowledging Mr. DeMarco's role as an independent regulator of Fannie and Freddie. "Five years into the housing crisis, ... See all stories on this topic » | ||
| Consumer Confidence Index remains at above average levels during Q2 2012 AME Info The latest index showed a drop in the number of consumers who spend their reserves on holidays, new products, technology, home renovations, investment, loans or credit cards compared to Q1 of 2012. Almost 40% of consumers have committed their ... See all stories on this topic » | ||
| NAFCU Letter to Reps. Graves & Velazquez on CFPB Regulations on Small ... CUinsight.com (press release) The Consumer Financial Protection Bureau (CFPB) began its Know Before You Owe initiative to combine mortgage loan disclosure forms in May 2011. The project was set up to integrate two federally required mortgage disclosures into a single, simpler form ... See all stories on this topic » | ||
| Commercial Real Estate Loan Prices Gain in June MarketWatch (press release) About DebtX. DebtX is the world's premier, full-service loan sale advisor for commercial, consumer and specialty finance debt. DebtX operates the largest online marketplace for loan sales, serving commercial banks, investment banks, insurance companies, ... See all stories on this topic » | ||
| BOK Financial Reports Quarterly Earnings of $98 Million MarketWatch (press release) Consumer loans decreased $24 million from March 31, 2012, primarily due to continued runoff of indirect automobile loans related to the previously announced decision to curtail that business in favor of a customer-focused direct approach to consumer ... See all stories on this topic » | ||
| The Top Ten Consumer Complaints 24/7 Wall St. Complaints regarding payday loans and debt collections were considered among the worst type of complaints in the last year. In terms of debt collection, growing problems include creditors obtaining judgments against consumers without ensuring those ... See all stories on this topic » | ||
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| Home loans up €55m Herald.ie ... fell by €15m, while loans to households, for other purposes, declined by €24m," the Central Bank commentary outlined. Public consumption is expected to fall back by a further 2pc and remain at an historic low, however, consumer confidence has picked up. See all stories on this topic » | ||
| The look ahead: Will US consumer data hint at optimism? CGMA Magazine Overall, consumer credit has expanded in recent months, as increases in student loans boosted non-revolving credit. Revolving credit was about flat. Delinquency rates for consumer credit remained low, partly reflecting a shift in the composition of borrowers ... See all stories on this topic » | ||
| Supreme Court ruling clears way for payday loan and minimum wage petitions Springfield News-Leader Payday Loans: Faith groups and consumer activists have backed an initiative to cap interest rates on payday loans at 36 percent.The interest cap also applies to other forms of short-term lending, such as companies who use car titles for collateral and loans ... See all stories on this topic » | ||
| 1099 Pages to Propose a Three-page Mortgage Disclosure - CFPB Explains Why Mortgage News Daily Currently, two federal laws - the Truth in Lending Act (TILA) and the Real Estate Settlement Procedures Act (RESPA) - mandate that consumers receive disclosures of certain information about mortgage loans. The Dodd-Frank Act required the CFPB to ... See all stories on this topic » | ||
| United Security Bancshares, Inc. Reports Improved Second Quarter Results MarketWatch (press release) In addition, the Company's operations include Acceptance Loan Company, Inc., a consumer loan company, and FUSB Reinsurance, Inc., an underwriter of credit life and credit accident and health insurance policies sold to the bank's and ALC's consumer loan ... See all stories on this topic » | ||
| Nissan Sells $1.4 Billion of Auto ABS at Lowest Yield on Record Bloomberg Nissan Motor Co. sold $1.4 billion of bonds tied to auto loans at the lowest rate ever as the Federal Reserve's efforts to spur economic growth reduce borrowing costs. The company issued the top-rated ... recently reached record-low yields. Companies from Ford Motor Co. to JPMorgan Chase & Co. have sold about $129 billion in asset-backed securities linked to consumer and business borrowing this year, with auto debt accounting for $62 billion, excluding today's sale, according to data compiled by Bloomberg. See all stories on this topic » | ||
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| Real estate hits top 10 list of consumer complaints MarketWatch CHICAGO (MarketWatch)—Real estate woes including fraud and timeshares made it onto the list of top 10 consumer complaints for the first time, and mortgage issues were among the five worst complaints, according to an annual survey by key consumer agencies. The top 10 list, generated by the Consumer Federation of American and the North American ... Some families are forgoing pricey student loans in favor of alternative strategies. Photo: AP. Credit cards, credit scores and more • Why prepaid cards aren't for ... See all stories on this topic » | ||
| Nedbank's home loan focus may lose market share Moneyweb.co.za "We have tailored our risk appetite on different products," Brown said, adding that the bank may also lose some share of the unsecured loans market because it doesn't want to increase the size and duration of the personal loans it grants. Nedbank will also ... See all stories on this topic » | ||
| Regulators rejected discrimination allegations against BB&T before BankAtlantic ... Upstart (blog) The Federal Reserve reviewed allegations of discrimination in both banks' lending practices. One consumer complaint was filed in opposition to the deal because BB&T (NYSE: BBT) and BankAtlantic allegedly engaged in discriminatory treatment of minorities ... See all stories on this topic » | ||
| Bank of Ireland Set to Launch Student Loans Nationwide The University Times The Bank of Ireland College Finance scheme is different to a standard personal loan as it aims to ensure that low repayments are made throughout the duration of study, and further affordable repayments upon graduation. Loan repayments are to be made in ... See all stories on this topic » |
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| Standard Chartered Bank PLC – Medical Equipment – Advisory ... By admin The bank serves both consumer and wholesale banking customers. Consumer banking provides credit cards, personal loans, mortgages, deposit taking and wealth management services to individuals and small/medium sized businesses. Healthcare Store Online | ||
| Colombia: weightlifting classes? | beyondbrics By Andres Schipani Economists at the central bank have also expressed concern over levels of household debt, after a 22 per cent increase in consumer loans over the past year. In May, the government announced measures to cool credit expansion. Despite the ... beyondbrics |
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| Personal Loans Blog - Tips & Advice from mmPersonalLoans.com Read latest personal finance articles about personal loans, cash loans, bad credit loans, payday loans, auto loans, home loans, loans for bad credit, unsecured ... www.mmpersonalloans.com/blog/ | ||
| LatAm Weekly: Consumer Loan Defaults Rise in Brazil Brazil's slowdown is pushing up consumer delinquency and default rates. Increasing financial pressure on households drove default rates on auto loans to a ... https://www.economy.com/.../ds_proLogin_4.asp?... | ||
| Unsecured Consumer Credit Doubled Between May and April This ... According to statistics from the Bank of England, unsecured consumer lending on loans and overdrafts doubled from £379 million in April to £732 million in May. finance.yahoo.com/.../unsecured-consumer-credit-doubled-bet... | ||
| The peril of personal lending - Worcester Telegram & Gazette ... You've probably heard many of the cautions about lending money to people you know. www.telegram.com/article/20120721/.../-1/business12 |
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