The team of 17 lawyers and eight special agents from the state Department of Justice will pursue corporate fraud, scams and fraudulent lending practices, Atty. Gen. Kamala Harris says. California Atty. Gen. Kamala Harris, saying that years of unscrupulous lending still haunts the state, is creating a 25-person task force to target mortgage fraud of [...]
Payday and other quick- fix loans may draw heavy criticism for sky-high interest rates and excessive fee structures, but they are proving popular with borrowers. New research from Moneysupermarket revealed that this month saw a 58 per cent increase in demand for payday loans compared to the same period last year. View full post on [...]
The banks’ willingness to fight millions of borrowers who were wrongly sold insurance alongside their loans is crumbling View full post on All Stories
Mumbai, May 7 (PTI) Two banks including State Bank of Travancore (SBT) today raised lending rates by 50 basis points which will make auto, home and other loans from the lender costlier to existing as well as new borrowers. The revised base rate or the View full post on All Stories
Lack of regulation and a surplus of donor funds in Bangladesh’s microcredit industry have led to NGOs pushing loans to over-indebted borrowers, says BRAC, the world’s largest development organization and heavily involved in the country’s microfinance industry. View full post on Banking Stories
The number of federally guaranteed loans to Orange County small businesses plunged 34% to 128 loans in the January-through-March period after the higher guarantees for lenders and fee subsidies for borrowers ended Dec. 31. The dollar amount of… View full post on All Stories
If you are facing any financial urgency, and are in need of cash to meet out all your needs for a very short span of time, then you may go for our easy to get monthly payday loans. These are the loans which are issued to you for a very short period of time. The [...]
Banks are increasing the percentage of loans obtainable by borrowers who use real estate as collateral, as soaring property prices reduce the risk of losses from default. Most Kenyan banks cap the … View full post on All Stories
Bank of America executives said on Tuesday that a government idea to write off tens of billions worth of mortgage debt was unworkable and warned that it would be unfair to untroubled borrowers. View full post on All Stories
ROW over banking competition has made potential home buyers more aware of pitfalls and lenders more competitive, figures show. View full post on All Stories
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