Credit unions remake themselves in image of payday lenders

Credit unions remake themselves in image of payday lenders

Excerpts from this story referencing "North Carolina":

"… rom a modest 12 percent with no fees at State Employees’ Credit Union in North Carolina to the high triple-digits loans sold by Mountain America. It has become a …"

"… edit unions have closed since 2009.Thomas Glatt, an industry consultant in North Carolina, said that his analysis of financial reports suggests that 700 mostly smal …"

Maryland challenges online payday lender owned by tribal member

By Amy Biegelsen

Western Sky Financial’s website features a logo with three teepees and a toll-free number for customers to apply for an overnight loan. A no

Payday lenders boost spending on lobbying, campaigns as consumer agency takes shape

By Julie Vorman

Payday lenders more than doubled their spending on federal lobbying to $9.2 million in 2009-10, an investment that defeated Congressional at

Excerpts from this story referencing "Debt":

"… or Public Integrity reported in a February investigation as part of its “Debt Deception” series. Several Internet-based payday lenders say they are en …"

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Fights over tribal payday lenders show challenges of financial reform

By Michael Hudson and David Heath

High-interest payday lenders are teaming up with Native Americans to shield their online businesses from lawsuits and consumer-lending regul

Excerpts from this story referencing "Debt":

"… “We decline to comment on matters in litigation.”‘Revolving Door of Debt’The federal government has mostly left oversight of payday lenders up to …"

Unregulated FICO has key role in each American's access to credit

By Amy Biegelsen

New consumer agency examines opaque credit scoring process

Excerpts from this story referencing "Credit":

"… gulated by any government agency and its Credit rating formulas are secret.Credit scores boil down consumer payment histories on short and long-te …"

"… their financial futures.Terry Clemans, executive director of the National Credit Reporting Association, Inc. is not convinced. While consumers can get a fr …"

"… vice president of scoring who now works for the consumer education website Credit.com. “If the data predicts a different pattern,” between people with d …"

"… prevents artificial score inflation.”Another concern of consumer groups: Credit bureaus have little, if any, financial incentive to treat consumers fairly …"

After a disabled borrower’s six-year ordeal, bureaucracy finally forgives student loan

By Sasha Chavkin

After six years battling Education Department, the government finally has forgiven Tina Brooks.
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Broad reach of new consumer financial agency may fall short in some areas

By David Heath

The Consumer Financial Protection Bureau that opens on July 21 faces Republican lawmakers who want to chip away at its power, companies that

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Excerpts from this story referencing "Debt":

"… rtise.     …"

Under attack, credit raters turn to the First Amendment

By Ben Protess and Lagan Sebert

Under attack, credit rating agencies turn to the First Amendment

Excerpts from this story referencing "Credit":

"… , it’s going to get people’s attention.”'The Safest Possible Place’Credit raters are entrenched in the U.S. financial system.When banks, corporation …"

Judge orders Quicken Loans to pay $2.7 million award in West Virginia fraud case

By Michael Hudson

A West Virginia judge has slapped online mortgage giant Quicken Loans Inc. with more than $2.7 million in punitive damages and legal costs a

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