Foreclosure rate is the lowest since 2005, report says

Jan 18, 2018
Foreclosure activity fell in 2017 to a 12-year low, according to a new report by ATTOM Data Solutions. In 2017, 0.5 percent of all U.S. residential properties were in some stage of foreclosure — notice of default, scheduled auction or bank repossession. That’s down from a peak of 2.2 percent at the height of the […]

The mystery behind slowing business borrowing

Jan 3, 2018
The amount companies borrow from banks can be an important economic indicator. That’s money those companies might use to buy new equipment or purchase more stuff to sell, or to expand their business or be more productive. And yet, despite a strong economy, last year the rate of business-loan growth slowed. To be clear, it’s […]

Oil prices start the year on a high note

Jan 2, 2018
It’s the highest first-of-the-year price for oil since 2014. But the companies producing crude are taking a more cautious view of things than the investors and lenders who back their efforts. From unrest in Iran to uncertainty about the new tax code, oil could face a profitable but turbulent year. Click the audio player above […]

Subprime loan market losing its appeal for lenders

Dec 27, 2017
Subprime loans give money to borrowers with less-than-stellar credit ratings. In return, lenders collect higher interest. But the shine is off lending to riskier borrowers these days. There’s word this week that Uber is selling off its subprime car-leasing division. That’s according to the Wall Street Journal, although Uber would not comment. The company originally […]

Auto-loan market starting to spook lenders

May 12, 2017
The state of the auto loan market is causing some concern among analysts. Many are drawing comparisons with the mortgage-lending crisis that figured largely in the financial crash of 2008. At issue is the growing number of riskier, subprime loans. Default rates are going up too.  And lenders are starting to get spooked.  Click the […]

Holding individuals responsible for the financial crisis

Jul 31, 2014
A former Countrywide employee was fined $1 million, but such cases are rare.

Why military personnel fall prey to payday lenders

May 17, 2013
The government provides countless resources to help military families with financial literacy and even offers low interest loans to help them in times of emergency. So, why are many troops opting to take out risky payday loans instead?

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Could big banks help rein in payday lenders?

Mar 20, 2013
Payday lenders circumvented state laws by moving online, and in the process big banks became enablers (and potentially profited) from payday lending. Now Chase is making changes to protect its customers from payday lenders. Will other banks follow?