Two members of the National Credit Union Administration board on Wednesday called for the agency to make it easier to start new credit unions. “There has got to be an easier path for de novo credit unions,” NCUA Vice Chairman … Continue reading →
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Millions of Americans face foreclosure and eviction, and credit bureau TransUnion is concerned that automotive loans and leases could be the next troubled consumer segment. The Consumer Financial Protection Bureau said in a report this week that 11 million Americans … Continue reading →
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(InvestigateTV) – One out of every 20 Americans has a serious error on their credit reports, according to the Federal Trade Commission. James Casula believes he’s among that group. Last summer, Casula became concerned when he and his wife Jill … Continue reading →
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WASHINGTON, D.C. — U.S. Sen. Chris Van Hollen, D-Md., has introduced a federal measure aimed at preventing health care and medical providers from seizing bank accounts and garnishing wages of financially strapped patients who owe them money during the coronavirus … Continue reading →
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STATEN ISLAND, N.Y. — New York State will halt, for the 12th time, the collection of medical and student debt owed to the state until the end of March, Attorney General Letitia James announced Sunday. The 30-day extension is a … Continue reading →
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For many of us, every week begins the same way: a Monday morning phone call with a recorded voice offering “important information” about car warranties or credit cards (often, warranties or credit cards that are entirely fictional). These robocalls are … Continue reading →
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BANGOR — Due to the national public health emergency caused by COVID-19, the U.S. Department of Agriculture has announced the temporary suspension of past-due debt collections and foreclosures for distressed borrowers under the Farm Storage Facility Loan and the Direct … Continue reading →
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Classified in:Business, Covid-19 virus COLUMBIA, Md., Mar. 2, 2021 /PRNewswire-PRWeb/ — NACM’s January Credit Managers’ Index (CMI) just might be the bellwether of an economic resurgence for 2021. Its combined score reached 59.7?a result not seen since March 2006. Despite the … Continue reading →
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In January, Neuberger Berman analyst Steven Eisman announced a new headline short position for his firm. From his senior portfolio manager perch, Eisman (of “Big Short” fame) said he has made the bet that equity shares of bad-credit auto finance … Continue reading →
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The effects of the pandemic continue to pummel subprime automotive consumers, who have the lowest origination levels and highest delinquency rates, credit bureau TransUnion and the Federal Reserve Bank of New York said in separate reports last week. Auto loan … Continue reading →
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