A Washington state law that restricts payday loan marketing to poor families has caused the states payday lenders to lose three-quarters of their business in the five years since it was enacted, according to published reports. Collection & Credit Risk
The Consumer Financial Protection Bureau soon will release its first draft of regulations aimed at governing a wide range of short-term loans - including credit backed by car titles, some installment loans and often-criticized payday loan. Collection & Credit Risk
Mortgage underwriting overlays are not only tighter than they were precrisis, they're more restrictive than they were 15 years ago — a trend that Department of Housing and Urban Development Secretary Julian Castro wants to change. News
The Federal Housing Finance Agency issued a proposal Tuesday designed to exclude captive insurers from the Home Loan Bank system. News
