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11 Mar 2010 at 4:56am
Payday lenders, pawnbrokers, car dealers and other companies that make loans but do not hold bank charters would be shielded from the scrutiny of a proposed federal consumer protection regulator under the terms of a tentative compromise between senators who are attempting to craft a bipartisan bill.
11 Mar 2010 at 3:54pm
A U.S Bankruptcy Court judge on Thursday denied a Wichita bank's motion to procedurally uncouple itself from partner lenders in the Rainbows United bankruptcy.
11 Mar 2010 at 6:59pm
Lenders to Dubai World may not have to incur any losses on the principal debt as a result of the conglomerate?s $26bn restructuring, the Financial Times reported yesterday, citing people familiar with the matter.
10 Mar 2010 at 8:46pm
Consumer advocates hoped the lenders would be reined in by a new federal consumer financial protection agency, but a bipartisan proposal would largely exempt them from regulation. Payday lenders didn't cause the economic crisis, but consumer advocates hoped their sky-high interest rates on loans would be reined in as part of a sweeping regulatory overhaul to prevent a repeat of the financial ...
10 Mar 2010 at 12:25pm
Contrary to some reports, there will be no special exemptions for payday lenders in sweeping bank reform legislation under consideration on Capitol Hill, says a key lawmaker.
10 Mar 2010 at 9:57pm
anyone that the republicans don't want pawnbrokers, payday lenders, and loan sharks regulated? Anything to make the administration look ? read more bad, no matter who it hurts. What scum.
10 Mar 2010 at 11:39am
WASHINGTON, March 10 (UPI) -- Senators in Washington negotiating financial reform have agreed to excuse payday lenders from new regulatory enforcement, sources close to the talks said.
10 Mar 2010 at 11:32am
THE thawing of specialist credit markets is helping to inject new competition into the home loans market, now dominated by the big four banks. The raising of $1.3 billion in funds by smaller mortgage lenders was announced yesterday.
10 Mar 2010 at 9:22pm
ALEXANDRIA, Va.----Today, the Community Financial Services Association of America , the trade association representing America?s responsible, small denomination, short-term payday lenders, questioned the activities of certain large Wall Street financial institutions for promoting their own interests over those of hard-working, middle income consumers.
10 Mar 2010 at 9:30am
Lenders to Dubai International Capital's alumina business, Almatis, have agreed a deal to take control of the company and implement a restructuring of its $1bn debts.
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