Due to series of reports of customers and investigations conducted by the U.S. Office of the Comptroller of the Currency (OCC), Citigroup was fined $25M for denying mortgages borrowers in the basis of race, color and other factors.
In 2012,...
According to a former US official Seth Frotman of the CFPB, the weak government and ‘lousy system’ are the reasons behind the student debt crisis in the country.
Since 2003, outstanding balances have already reached 500 percent, according to the...
The Singaporean-headquartered company Grab Financial Group launched new services SME lending and Micro-Insurance during Money 20/20 Asia Conference in Singapore held last March 19, 2019.
On the first day of the conference, the company introduced these new products as part...
The amount of car debt Americans has is now record-high and raises concerns about the financial condition of millions of households in the future, a new report said.
Auto debt has grown an astounding 75% since the latter part of...
Last Friday, June 14, 2019, the Department of Justice dismissed the lawsuit filed against Quicken Loans. The news follows Quicken Loans’ decision to settle over its involvement in the Federal Housing Authority’s lending program. The settlement totals to $32.5...
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...
For the first time in nearly three years, mortgage lenders in the U.S. turned optimistic about profits in the second quarter as falling interest rates led to a surge in demand for home loans, a recent Fannie Mae survey...
Tagged by Bloomberg as America’s most hated home loan, reverse mortgage, allowing homeowners over age 62 to convert some of their home equities into cash, is back on business.
Just recently, Chris Mayer, a professor from Columbia Business School and...
In a press release published in Bitcoin, Bankera announced that it will be launching crypto-backed loan solutions. Bankera Loans, the firm's own solution to lending needs, is part of its move to develop blockchain-based banking services.
The lending service seeks...
The Bank of America has teamed up with the Tory Burch Foundation, adding in an addition $50 million in pledges. The total amount offered by the joint partnership has now amounted to $100 million, double the amount from what...
