Federal action to exempt national banks from state anti-predatory lending laws resulted in more defaults and riskier lending compared to other banks, a study funded by the National State Attorneys ...
DES MOINES, Iowa (AP) -- States with laws against predatory lending have seen decreases in the high-interest loans targeted at consumers with poor or nonexistent credit ratings, according to a study ...
The Federal Deposit Insurance Corporation (FDIC) Supervisory Policy on Predatory Lending (FDIC FIL-6-2007) describes certain characteristics of predatory lending and reaffirms that such activities are ...
Opinion: New York's Consumer Litigation Funding Act in New York will help reform the industry but more must be done to protect plaintiffs while they pursue their case.
300%+ Interest Rates: Klover Accused of Predatory Lending Practices in Class-Action Suit This action was surfaced by Law.com Radar, which delivers real-time alerting on new litigation across more than ...
Predatory lending is spreading like wildfire through houses in New York–the state and city legislatures, that is. The City Council is considering a bill that would bar the city from doing business ...
New bill aims to stop predatory lending, junk fees and deceptive practices FAIR Act gives Attorney General power to impose tougher penalties Penalties increase from $50 to $1,000 for first offenses ...
LOUISVILLE, Ky. (WAVE) - Payday loans can cripple people with debt they may never repay. Metro government is looking into rule changes that may lead to fewer shops like these popping up across ...
New York Attorney General Letitia James today applauded the passage of legislation to protect consumers and small businesses. Responding to cutbacks at federal consumer protection agencies, New York ...
Northern Star Lending was hit with a consumer class action on Sept. 18 in Indiana Southern District Court over alleged predatory lending practices. The suit, brought by Edelman, Combs, Latturner & ...
Predatory lending might sound like a finance buzzword, but its impact is all too real. Picture signing up for a loan that seems like a quick fix, only to discover hidden fees and sky-high interest ...