Lenders Predict Heavier Regulation, Tighter Standards

Personal Finance

Lenders Predict Heavier Regulation, Tighter Standards

Lenders Predict Heavier Regulation, Tighter Standards

Within the next few months, some new mortgage regulations designed to protect consumers from certain lending practices will likely go into effect, but home loan issuers say that if that happens, they will likely have to tighten restrictions on credit eligibility. Many housing and financial experts – including Federal Reserve chair Ben Bernanke and U.S…. Read More

This Week in Credit News: The CFPB Is Busy

Personal Finance

This Week in Credit News: The CFPB Is Busy

This Week in Credit News: The CFPB Is Busy

The Consumer Financial Protection Bureau may be coming under fire during the run-up to the 2012 Presidential election, but that’s not stopping it from getting down to business. Debt Collectors Getting New Federal Oversight The federal Consumer Financial Protection Bureau’s final rules for debt collections agencies will take effect on Jan. 2, when it gains… Read More

Hackers Gain Access to Barnes and Noble Customer Data

Identity Theft

Hackers Gain Access to Barnes and Noble Customer Data

Hackers Gain Access to Barnes and Noble Customer Data

Consumers who shopped at one of the best-known bookstores in the nation over the last several months may want to keep tabs on their financial records, as the company recently revealed it had been compromised by hackers. Card-reading PIN pads in 63 Barnes and Noble stores across the country – concentrated heavily on the east… Read More

Fed Will Wait and See on Housing Recovery

Mortgages

Fed Will Wait and See on Housing Recovery

Fed Will Wait and See on Housing Recovery

Federal monetary regulators are currently meeting to determine whether to make any policy changes, and many financial experts believe that they will not make any more drastic alterations to the plans currently in place. The Federal Reserve Board recently announced a new round of bond buying under the QE3 plan, and as such, it made… Read More

Women More Likely to Take Out Payday Loans

Managing Debt

Women More Likely to Take Out Payday Loans

Women More Likely to Take Out Payday Loans

Bonnie faces a lot of problems. She is disabled and depressed, with a heart problem and high blood pressure. In the middle of it all, she’s getting hounded with calls about her payday loans. “I have some payday loans I can not pay. They are calling every day with threats, and they are calling my… Read More

Homeowners, Students Facing Similar Loan Headaches

Managing Debt

Homeowners, Students Facing Similar Loan Headaches

Homeowners, Students Facing Similar Loan Headaches

Many Credit.com readers know all about getting the runaround from their student loan servicers. One reader, William, is trying to find more information about income-based repayment. But everywhere he goes, someone seems to pass the buck. “It is hard to find answers to many of these questions,” William wrote in response to a Credit.com op/ed… Read More

CFPB Now Keeping Tabs on Credit Reports

Credit Score

CFPB Now Keeping Tabs on Credit Reports

CFPB Now Keeping Tabs on Credit Reports

In the past, the federal watchdog agency in charge of protecting consumers’ finances and credit has taken responsibility for handling complaints about a number of different types of loans, but has once again expanded its purview. In addition to all the other types of issues over which it accepts complaints, the Consumer Financial Protection Bureau… Read More

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