Credit unions remake themselves in image of payday lenders

Credit unions remake themselves in image of payday lenders

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

Boiler rooms, foreclosure mills: The story of America’s mortgage industry

By Michael Hudson

The news about the nation’s foreclosure scandal has been coming fast and furious, driven by tales of backdated documents, false affidavits a
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Bank of America pays $108 million to settle latest case against troubled Countrywide unit

Struggling homeowners who were overbilled by two Countrywide Financial subsidiaries for services such as lawn care and home inspections at t

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

Buyer beware

By David Heath

New consumer agency powerless against dishonest auto lending practices
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Report: Car loans include billions in undisclosed charges

By Keith Epstein

Beyond regulation, auto lenders charge billions in hidden rate markups

Weekend reading suggestions

By Jeremy Borden

Autumn temperatures are dipping lower this weekend, making it a good time to catch up on reading. ...

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

Claims of high-pressure sales, fraud at odds with Quicken Loans’ straight-shooting image

By Michael Hudson

Quicken Loans, the giant mortgage lender founded by Cleveland Cavaliers owner Dan Gilbert, goes on trial Tuesday in Detroit to face allegati

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