A Significantly Higher Compliance Burden Mulvaney's criticism of the CFPB was not limited to its regulations of payday lenders... READ MORE›
Even after making deep reductions this year, Italian banks are still weighed down by about 324 billion euros 384 billion of non-performing loans, the highest total in Europe... READ MORE›
Single-pay loans made up 28 percent of Curo Group's business in the nine months that ended on Sept. 30... READ MORE›
Counterintuitively, while the central bank is less worried about high-ratio loans, it is getting more worried about low-ratio ones... READ MORE›
Prefacing a question to Cordray on payday loans and certain types of installment loans, Mulvaney's comments suggest a deference to payday lenders... READ MORE›
Qualified lending institutions should also increase self-discipline, charge interest rates at a reasonable level, and increase information disclosure, the association added... READ MORE›
On Thursday, the People's Bank of China and China Banking Regulatory Commission held a meeting to call for the regulation and rectification of online micro loans... READ MORE›
Advance America is one of the payday lending companies that have donated to the campaigns of sponsors of the Protecting Consumers' Access to Credit Act of 2017... READ MORE›
Today, more than half of new car loans are for seven years or longer, according to automotive research firm J.D... READ MORE›
Micro-lending in China typically refers to cash loans of up to 3,000 yuan (US$452) that are obtained via online platforms. These facilitate real-time approval and rapid remittance to borrowers' accounts... READ MORE›
U.S. President Donald Trump embarks on his first trip to Asia in the coming week, stopping in Japan, South Korea, China, Vietnam and the Philippines... READ MORE›
Gross debt-to-GDP reached 220 percent in China, 190 percent in South Korea, 80 percent in Turkey and 65 percent in India... READ MORE›
The Central Bank Governor insisted the probe was the largest, most complex and significant conduct review undertaken by the bank to date... READ MORE›
Approximately 60 percent of these cases arose as a result of customers not receiving a tracker product, Mr Lane said... READ MORE›
Ant Financial strictly follows relevant regulatory rules in disclosing information to investors... READ MORE›
Leo Varadkar The deadline for banks to act over tracker mortgages was yesterday... READ MORE›
Working-class families saw debt levels rise last year as incomes grew slower than for consumers as a whole... READ MORE›
Robbie McCall's payday loan nightmare began nine years ago with a simple wish to buy his teenage daughter a special Christmas gift... READ MORE›
Chapter 11 was certainly not the company's preferred outcome, Chief Executive David Brandon said in a court filing... READ MORE›
The deal comes a month after Dutch insurer Aegon NV agreed to fund 160 million pounds in small business loans originated by Funding Circle Ltd... READ MORE›
Few things capture this phenomenon like the partnership between Fiat Chrysler Automobiles NV and Banco Santander SA... READ MORE›
Ottawa has announced new rules aimed at limiting foreign money into Canadian real estate and ensuring that borrowers take on mortgages they can afford... READ MORE›
Kathleen Manafort purchased a vacant lot in 1992 for 400,000, according to the Southampton assessor's office... READ MORE›
It's rare for the big banks to leave much gap between themselves on their prime lending rates, so other major lenders are expected to follow suit... READ MORE›
With the Bank of Canada set to raise lending rates, mortgage holders have been warned to expect more expensive debt than they've become used to... READ MORE›
We are very bullish on New York real estate, and we are confident that 666 Fifth has great upside potential, Kushner said at the time... READ MORE›
Berkeley's Federal Funding by Himself Trump accused the school of stifling free speech after protesters shut down an event... READ MORE›
Further intensifying the squeeze is a rising cost of living, with electricity prices climbing as much as 20 percent in New South Wales state next month... READ MORE›
People with not-great credit scores have always made up about a fifth of the auto-loan market... READ MORE›
Christopher Woolard, of the FCA, said the regulator had taken action because it was clear that payday loans had been pushing some people into unmanageable debt... READ MORE›
Losses from auto loan fraud this year will likely be 4 billion to 6 billion, up from 2 billion to 3 billion in 2015, the firm said... READ MORE›
Fourth-quarter results due this week from DBS Group Holdings Ltd... READ MORE›
An Education Department study last year revealed that some 57 percent of borrowers, or 696,000 people, whose income information came due at re-certification missed their deadline... READ MORE›
Earlier this year, Mr Kelly gave approval for Irish Water to enter into a number of committed facilities with commercial banks totalling EUR550m... READ MORE›
Drivers with credit scores below 620 now comprise less than 20 percent of new loans, down from almost 30 percent a decade ago... READ MORE›
Reaching agreement would release another tranche of funds from it latest 86 billion euro bailout, and facilitate Greece making a major 7.2 billion euro debt repayment this summer... READ MORE›
In addition, an assortment of local government matching funds will also be made available... READ MORE›
Another problem for smaller borrowers There are almost no new banks... READ MORE›
At least two dozen lenders have tapped the debt market to sell bonds that hold their subprime auto loans over the last few years... READ MORE›
Puerto Rico financial crisis Country on the brink of defaulting on debts... READ MORE›
This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled... READ MORE›
Half the time, Navient employees didn't bother to mention income-based repayment plans... READ MORE›
It is an extraordinary fact that Australian households shoulder the biggest debts in the world, relative to our incomes... READ MORE›
Prospective homebuyers should think twice about their homebuying budget as interest rates climb, Taylor says... READ MORE›
Home Capital accounts for just 1 percent of the Canadian mortgage market... READ MORE›
But instead of ramping up lending to keep up with deposits, banks are plowing into U.S. government and related debt at the fastest clip since 2014... READ MORE›
Noble Group Halted After 32 percent Plunge as S P Sees Default Risk... READ MORE›
Unfortunately, having health insurance in no way guarantees that you won't fall victim to medical debt... READ MORE›
Losses on risky subprime loans rose to 8.35 percent in August, the highest since 2010... READ MORE›
In March 2014, George Osborne announced that the equity loan scheme in England would be extended to 2020... READ MORE›
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