Corker Comes Under Fire for Payday Lender Exemptions Chattarati (blog) The first-term Republican also reiterated, in remarks at a conference, that consumer protection should not be allowed to trump supervision of bank safety ...
CT AG Blumenthal Suing Rating Agencies Benzinga In late January, we witnessed a massive lawsuit filed on behalf of the Federal Home Loan Bank of Seattle against a large number of Wall Street banks. ...
Bank of America to scrap overdraft fees People's Daily Online The fees have become a major source of revenue for banks by covering consumer overdrafts, and then offering a short-term loan. Economic research firm Moebs ...
Senators closer to deal on protection Financial Times Amid widespread dismay at moves in the Senate banking committee to exempt "payday" lenders and other expensive non-bank credit providers, senators were ...
FairPoint Reorganization Plan, Loan Approved by Court BusinessWeek FairPoint filed for Chapter 11 protection in October, listing assets of $3.24 billion and liabilities of $3.23 billion and citing increased competition for ...
The Payday Lender Senator: Corker of Tennessee AllGov The payday loan industry was a part of the new plan until Corker convinced Senator Christopher Dodd (D-Connecticut), chairman of the Senate Banking ...
Banks Under Stress Climb On News Of Bad Loans NewsOXY Depositors are insured by the FDIC even when the bank does fail. However, the FDIC protection has its limits. The basic limit had been $100000 per depositor ...
Obama Wants to Tax Good Banks, Protect Bad Ones Opposing Views Fannie and Freddie helped spawn the mortgage crisis by acting as loan toilets, buying up risky mortgages and thus creating an artificial market for junk. ...
Smart banks with dumb customers don't exist Daily Report (registration) But there is no such thing as a smart bank with a dumb customer; if the loan turns sour, the banker was dumb, too. And in the mid-2000s, scads of them were. ...
Members might bail out Federal Club RichmondBizSense It is currently not paying its loan to the Bank of Essex. On March 24, a judge will rule on whether the Federal Club can remain in bankruptcy protection and ...
Help! My friend owes me money Fin24 Where the credit provider benefits from the interest and fees charged, it stands to reason that by extending the period of the loan, they would still be ...
The payday lender CFPA carve-out Ethiopian Review Payday lenders, pawnbrokers, car dealers and other companies that make loans but do not hold bank charters would be shielded from the scrutiny of a proposed ...
Fight to Overhaul Bank Rules Enters New Stage Wall Street Journal Jack Reed (D., RI) is working on an amendment to create an independent, freestanding Consumer Financial Protection Agency, something Messrs. ...
