WASHINGTON - A California-based chain of for-profit colleges is being accused by the Consumer Financial Protection Bureau of making predatory student loans and engaging in illegal debt collection tactics. Collection & Credit Risk
Fair lending is a key consideration for any consumer lending program. According to the "effects test" or disparate impact doctrine used by the Consumer Financial Protection Bureau, credit card issuers must avoid not only direct, intentional discrimination but also practices that have the effect of discrimination. Collection & Credit Risk
There is a Phil Rizzuto in the home lending business again, and that's appropriate, because home equity is making a comeback. Collections - Other Consumer
Since the collapse of the subprime mortgage market, lenders have all but stopped offering loans that sound too good to be true. But that's not the case with subprime automobile loans, which lenders continue to market aggressively to consumers with imperfect credit. Collections - Other Consumer
The Consumer Financial Protection Bureau is concerned that some mortgage brokers may be shifting to the "mini-correspondent" lender model under the mistaken belief that identifying themselves as such will automatically exempt them from consumer protection rules affecting broker compensation. Collections - Other Consumer
The Consumer Financial Protection Bureau on Tuesday clarified that when a borrower dies, the name of the borrower's heir generally may be added to the mortgage without triggering its' Ability-to-Repay rule. Collections - Other Consumer
The city of Miami claims in a new lawsuit that JPMorgan Chase & Co. engaged in discriminatory lending practices for years that worsened the foreclosure crisis in minority neighborhoods during the last decade's housing crisis. Collections - Other Consumer
The House Financial Services Committee passed three bills last week that could make mortgage lending a little easier. Collections - Other Consumer
Total outstanding balances and new credit in auto lending reached record highs this year as the sector continues to lead the economic recovery, according to the latest Equifax National Consumer Credit Trends Report. Collections - Other Consumer
WASHINGTON -- Lenders across the country reported increased demand from consumers and businesses, continuing a prevailing trend from earlier this year, according to a Federal Reserve report released Wednesday. Collections - Other Consumer
