U.S. authorities cracked down on two major payday lending empires Wednesday, arresting three people tied to the industry, including race car driver Scott Tucker. more »
The percentage of auto loans to buyers with the poorest credit ratings is growing faster than the rest of the auto finance market, according to an analysis from Experian Automotive. more »
Three in four lenders said it is increasingly difficult to find and acquire new customers and that theyre challenged by a low interest rate environment thats spurring competition for a pool of consumers who receive multiple credit offers, according to a TransUnion survey. more »
WASHINGTON The flood of new apartments will put upward pressure on vacancy rates in the next two years, but the multifamily market should stay strong, according to a new Freddie Mac forecast.
The CFPB is reporting on a financial scam targeting older consumers who previously were victims of fraudulent money-making schemes such as timeshare investments and in-home business opportunities.
Louisianas Office of Motor Vehicles has recovered $22.5 million of the projected $444 million owed to the agency as a result of residents with lapsed auto insurance. But some drivers believe the states Office of Debt Recovery is being too aggressive.
Outstanding revolving debt, including ongoing lines of credit used by consumers, jumped to $935.6 billion as of December from $841 billion in 2010, according to data from the Federal Reserve and a report from ValuePenguin.
The FCC is reviewing possible rules to allow companies using modern dialing technologies to call consumers on their cell phones concerning government-related debts including student loans and mortgages.
U.S. consumers in December increased their borrowing at the fastest pace in three months. The result suggests that consumer spending should remain strong in the coming months.
The Ninth Circuit Court of Appeals ruled Wednesday in Baird v. Sabre Inc., et al. that a consumer provided prior express consent required by the Telephone Consumer Protection Act when she provided her cellphone number on a contact sheet.
Sen. Bernie Sanders' victory in the New Hampshire primary will undoubtedly provide fresh momentum for his campaign against Hillary Clinton, but is also likely to subject many of his proposals to a harsher spotlight as his credibility as a candidate grows.