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Consumer watchdog calls payday loans a trap
The U.S. consumer watchdog said high-cost, short-term loans often trap borrowers in a cycle of debt, warning in a report on Wednesday...
Feds gets tough on shady mortgage advertisers
The feds warned the mortgage industry on Monday that potentially false or misleading advertisements will not be tolerated. The Consumer...
Feds want cleaner disclosure of home appraisals by lenders
It doesn’t matter how much you want that house or whether you qualify for the loan, if the appraisal comes in lower than the amount of...
Credit bureaus to get more federal oversight
America’s credit bureaus are about to get some new scrutiny. The Consumer Financial Protection Bureau adopted a rule on Monday that will...