Two car title lenders settled Federal Trade Commission charges requiring them to stop using deceptive advertising to market title loans. The complaints mark the first time the FTC has taken action against car title lenders. Collection & Credit Risk
U.S. auto lending is still booming, but those in the industry are not smiling as widely as you might expect. Collection & Credit Risk
Giving roughly 5 million immigrants at least temporary relief from deportation could conceivably ease lenders' and borrowers' qualms about mortgages to undocumented workers who qualify with individual taxpayer identification numbers. News
Federal Housing Finance Agency Director Mel Watt has struck a conciliatory tone, seeking lenders' input and making loan-buyback rules more industry-friendly — a clear signal the administration thinks it needs bankers' help to reignite the tepid housing recovery. News
Lenders could face tougher enforcement and higher penalties if they make errors on the new mortgage disclosure forms that are slated to go in effect next August. News
WASHINGTON To hear the Consumer Financial Protection Bureau tell it, the private student loan market is a mess, filled with angry borrowers many of whom claim to have been taken advantage of by banks and servicers. Collection & Credit Risk
House Republicans are criticizing plans by the Consumer Financial Protection Bureau to regulate more auto lenders. Collection & Credit Risk
WASHINGTON The Consumer Financial Protection Bureau has taken a sweeping approach in using its authority to propose supervision of the largest nonbank auto lenders, unveiling a plan that would effectively cover 90% of the market. Collection & Credit Risk
WASHINGTON -- The Consumer Financial Protection Bureau issued a warning Wednesday to credit card companies that use deceptive marketing to mask hidden charges within promotional interest rates. Collections - Credit Card
WASHINGTON -- The Consumer Financial Protection Bureau's proposal to require more data from lenders through the Home Mortgage Disclosure Act has already sharply divided industry and consumer groups. Collections - Other Consumer
