Tuesday, December 10, 2019
The Consumer Financial Protection Bureau proposes to repeal sections of a rule aimed to protect vulnerable American borrowers from predatory payday lenders. The federal agency for consumer protection in the financial sector is moving to dismiss requirements for lenders to...
The moneylender Amigo Loans, which has more than 200,000 customers in the UK, is now lending to Irish customers but charging nearly 50% interest charge. The listed lender who markets to individuals with a poor credit score is offering loan...
The Federal Reserve recently announced the weakening of demand for loans among US businesses and households within the last quarter of 2018, a survey of bank officers conducted by the Fed said. According to the survey, banks tightened their lending...
Despite having a $3B cash reserve in 2018, China continues to loan money from the World Bank to fund its domestic programs. It is still the top borrower from the Washington DC-based organization, with loans amounting to almost $2B each...
The number of people getting mortgages in Singapore is drastically falling. According to Bloomberg, house loans in the country reduced from a 4.2% growth in 2017 to a mere 1.9% in 2018. This is a huge contrast from 1998’s...
The fourth quarter results of regional banks in the US showed a robust domestic economy amid concerns of unsteady global markets, economic slowdowns in China, Europe and a global talks in trade. Business and credit card loans grew 6% at...
Student loan debt is pulling down the chances of young people to own homes over the past decade, economists at the Federal Reserve said. In a recently released paper, Federal Reserve researchers Alvaro Mezza, Daniel Ringo, and Kamila Sommer...
Climate change spurs a foreclosure crisis, which poses a threat to the mortgage industry, according to a mortgage expert. Extreme weather and other natural calamities are now occurring frequently. Ed Delgado, CEO of the Five Star, a national mortgage...
Earnings of pawnshops and payday lenders soared since the U.S. government shutdown started in December 2018. The shutdown, the longest in American history has denied the salary of hundreds of thousands of government employees and contractors. To make their ends...
Public protests are on-going at Beijing after the recent crackdown of 76% of China’s Peer-to-Peer (P2P) lending platforms, wiping out an estimated $217.96 billion funds from its investors. What started out as a promising venture, with its peak period...

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