June, 2010
A failure to compromise – auto dealer regulation
Auto dealer regulation is on the minds of House Democrats of late, or a lot more specifically a lack thereof. Their belief is that the newly formed Consumer Financial Protection Agency (CFPA) would hamper auto dealers' ability to recuperate by limiting their ability to continue offering dealer-assisted financing. Led by New York Reps. Bill Owens ...
The want to defer strategic default with consequences by Fannie Mae
Fannie Mae is upping the bet on strategic default of home mortgages Wednesday, saying that borrowers who default despite having ability to pay in good faith won't be eligible for a new Fannie Mae-backed mortgage for seven years from the date of foreclosure. Home foreclosures and strategic defaults are both increasing. To assist in strategic ...
Rising consumer confidence calms volatile stocks with low retail sales
In May, retail sales dropped, and the stock market dropped in step with data delivered by the Commerce Department retail sales report. Stock market volatility is normal now. The stock market actually rose on Thursday before reversing direction early Friday when the May retail sales report was released. The market then seesawed throughout the day ...
Lansing Journal article neglects payday loans no fax facts
Now and then, an anti-payday loan article will appear that falls back on the very same tired arguments. As an example, the Lansing State Journal article "Going with payroll loans may not be worth fees" covers the exact same old territory of 391 percent APR and the regulatory differences around the U.S. These tried and ...
