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Recent News Headlines : Credit
THESE GUYS WANT TO LEND YOU MONEY AGAINST YOUR BITCOIN
Bitcoin's price hovered around 17,000 much of this week, giving the cryptocurrency a total market value of almost 300 billion... READ MORE›
THESE GUYS WANT TO LEND YOU MONEY AGAINST YOUR BITCOIN
Bitcoin's price hovered around 17,000 much of this week, giving the cryptocurrency a total market value of almost 300 billion... READ MORE›
TRUMP FINANCIAL REGULATOR MULVANEY PUSHED CFPB TO BACK OFF INDUSTRY THAT BANKROLLED HIM
A Significantly Higher Compliance Burden Mulvaney's criticism of the CFPB was not limited to its regulations of payday lenders... READ MORE›
CHINA'S CONSUMER LOANS WILL REACH US$1.48 TLN THIS YEAR
Meanwhile, the Internet has subverted traditional consumer loans from the perspective of customers, products, services, business process and risk control... READ MORE›
350 PERCENT INTEREST RATE? SENATORS BANKROLLED BY PAYDAY LENDERS CAN LIVE WITH THAT
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›
'IT'S VERY TROUBLING': HIDDEN CAMERA CATCHES CAR DEALERSHIPS BREAKING SALES RULES
Today, more than half of new car loans are for seven years or longer, according to automotive research firm J.D... READ MORE›
CRACKDOWN LOOMS FOR CHINA'S ONLINE LOAN SHARKS
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›
CENTRAL BANK ADJUSTS CAR LOANS TO BOOST GREEN INDUSTRY
In March last year, the two ministries jointly issued a guiding opinion on increasing financial support to green consumption and automobile loans... READ MORE›
ASIAN POWERHOUSES AT RISK FROM CREDIT BINGE, RISING INTEREST RATES
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›
PLUS, COMPLAINTS FROM OBESE HOSPITAL PATIENTS, WESTJET SWOOPS IN AND EQUIFAX'S APOLOGY
Instead, Equifax Canada is offering complimentary credit monitoring for a year for those affected... READ MORE›
BANK OF ENGLAND ASKS BANKS TO HOLD MORE CAPITAL ON CONSUMER LOAN RISKS
Most economists expect the BoE to raise interest rates to 0.5 percent from 0.25 percent in November... READ MORE›
Trending News Headlines : Credit
CHINA'S PLAN TO ORGANIZE ITS SOCIETY RELIES ON 'BIG DATA' TO RATE EVERYONE
With few people in China owning credit cards or borrowing money from banks, credit information is scarce... READ MORE›
A HIGH CREDIT SCORE CAN MAKE YOU LOOK SEXY ON DATING APPS
A good credit score is more appealing than a nice car, said 58 percent of those surveyed... READ MORE›
S&P CUTS CHINA'S CREDIT RATING, CITING RISK FROM DEBT GROWTH
S P also lowered Hong Kong's credit rating, a move that reflects the strong linkages between the financial hub and mainland China, the firm said... READ MORE›
THE DEBT-BUBBLE LANDMINE OBAMA LEFT FOR TRUMP
People with not-great credit scores have always made up about a fifth of the auto-loan market... READ MORE›
UK TO GIVE PETROBRAS A?330M DESPITE THE COMPANY FACING CORRUPTION CHARGES
The UK's export finance agency, UKEF, said it will extend the line of credit to Petrobras for it to purchase goods and services from UK exporters... READ MORE›
BANKS TIGHTEN AUTO LENDING AS MORE BORROWERS FALL INTO DEFAULT
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›
'DEEP SUBPRIME' AUTO LOANS ARE SURGING
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›
SUNEDISON AT RISK OF BANKRUPTCY, UNIT SAYS; SHARES PLUMMET 60 PERCENT
If SunEdison does not perform under these agreements, it could have a material adverse effect on TerraForm Global, TerraForm Global said... READ MORE›
7 BANK RIP-OFFS THAT WONT EXIST IN 2020
As a result of their cosy oligopoly, Australian banks have become the most profitable in the world, collecting 29 billion in profit this year... READ MORE›
BANKS START CUTTING LENDING TO RISKIER EUROPEAN REAL ESTATE
A total of 435 billion of newly raised equity and debt is available to invest in commercial real estate, 2 percent less than a year ago, Cushman said... READ MORE›
HIGHER INTEREST RATES: WINNERS AND LOSERS
McBride says this is particularly true for variable-rate debts that have large balances, such as adjustable-rate mortgages, student loans and home equity lines of credit... READ MORE›
ELIZABETH WARREN BACKS PAYDAY LOAN REGULATION; DEMOCRATIC LEADER TOUTS PERMISSIVE 'FLORIDA MODEL'
The average annual percentage rate for a payday loan in Florida is 304 percent... READ MORE›
HOW MUCH HOUSE DO AMERICANS ACTUALLY OWN?
It also represents a major portion of most Americans' net worth, making net housing wealth a critical element to many families' economic future and security... READ MORE›
1 IN 4 AMERICANS ARE ON VERGE OF FINANCIAL RUIN
Some groups -- for example, the 30 to 49 age group -- are in worse off than others when it comes to credit card debt and savings... READ MORE›
DOES A 'BLACK' NAME HURT YOUR LOAN CHANCES?
The emails also included information about the borrowers low credit score, high credit score or did not contain credit score information at all... READ MORE›
AMERICANS ARE STRUGGLING TO PAY OFF THEIR AUTO LOANS
But despite the uptick in delinquencies in loans, the New York Fed is mostly concerned with those made to subprime borrowers with credit scores under 620... READ MORE›
CHINA ORDERS BANKS TO CLEAR HURDLES SLOWING PRIVATE SECTOR LENDING
Data shows the proportion of private investment as a share of total social financing rose from 49.8 in 2012 to 64.2 percent in 2015... READ MORE›
BANK OF AMERICA REVS UP AUTO LOANS BUSINESS DESPITE WARNING SIGNS
Portales Partners analyst Charles Peabody said Bank of America is late to the auto loans party... READ MORE›
AS INVENTOR OF SUBPRIME CAR LOANS EXITS, CRITICS SMELL A LEMON
A month after he left, he sold a big chunk of his Credit Acceptance shares for 128 million... READ MORE›
JOHN OLIVER TOPS OPRAH GIVEAWAY BY BUYING $15 MILLION IN DEBT, FORGIVING IT ON TV
He explained to his viewers that he undertook the surprisingly easy task of starting a debt buying company, Central Asset Recovery Professional, Inc... READ MORE›
AMERICAN APPAREL RAISES GOING CONCERN DOUBTS
It said the covenant violations were waived under the new credit facility with Wilmington Trust... READ MORE›
CREDIT BINGE COULD HIT $1 TRILLION. YES, THAT'S A 'T'
Crews Cutts, chief economist at Equifax, said issuers want to get your permission before raising credit limits... READ MORE›
NON-BANK FINANCE FIRMS CASH IN ON INDIAN LENDERS' BAD LOAN PAIN
Saurabh Jhalaria, who heads Incred's SME division, says the company aims to disburse 234 million in new credit by next March... READ MORE›
WHY YOUR EX IS STILL ON YOUR CREDIT REPORT
Contact your financial institutions and close or separate all shared accounts, including credit cards, home loans and mortgages... READ MORE›
BATTLE OVER PAYDAY LOAN INDUSTRY BEGINS
In contrast, payday loan industry representatives warned that requiring lenders to assessA borrowers' ability to repay would raiseA business costs... READ MORE›
BANK OF ENGLAND'S CARNEY: CURBING CONSUMER LENDING WOULD BE 'BIG CALL'
The FPC lacks specific tools to target consumer borrowing, but one option would be to make banks hold more capital to penalize risky lending in general... READ MORE›
LOAN TO CALIFORNIA SHOOTER PUTS ONLINE LENDERS UNDER SCRUTINY
Shooter Syed Rizwan Farook took out the loan from Prosper around the middle of last month, according to a source familiar with the matter... READ MORE›
SURGE IN PRICES REFLECTS HOW BADLY MARKET HIT OUTSIDE CAPITAL
It was inevitable that property prices around the country would finally spring back from six years of stagnation... READ MORE›
GERMAN GOVERNMENT SAYS AIR BERLIN BRIDGING LOAN ON SCHEDULE
"There are a few technical details but the credit is there and everything is progressing according to the timetable," the spokeswoman told a regular government news conference in Berlin... READ MORE›
CHINA ORDERS BANKS TO CLEAR HURDLES SLOWING PRIVATE SECTOR LENDING
Data shows the proportion of private investment as a share of total social financing rose from 49.8 in 2012 to 64.2 percent in 2015... READ MORE›