Wells Fargo Hires Two CFPB Experts on Mortgage Rules
Two officials of the Consumer Financial Protection Bureau who played important roles in shaping the new mortgage rules have joined Wells Fargo.
  more »
A report on student loan debt suggests that borrowing by people in graduate and professional degree programs is rising and could total a larger-than-expected portion of the nation’s $1 trillion in total outstanding federal student loans. more »
The Social Security Administration announced Monday the suspension of a program to collect more than 10-year-old taxpayers' debts by seizing tax refunds. more »
A South Dakota-based payday lending operation settles charges after using tribal affiliation to illegally garnish wages. more »
Debt buyer Encore Capital Group Inc. has earned DBA International's industry certification. The program was launched last year and all DBA members are required to meet the standards by 2016. more »
Kaulkin Ginsberg announces that its spring semester research fellows program, in conjunction with the University of Maryland, College Park’s Department of Economics undergraduate studies program, is underway. more »
Arizona's attorney general quietly rehired his former spokeswoman to lead the state's Collections Enforcement Unit, a move that could lead to political fallout. more »
A Missouri House panel adopted a measure to drop renewals on payday loans and lower the amount of interest borrowers can charge. more »
Two West Virginia auto loan companies settled complaints over their debt collection practices. more »
The city lacks recourse and thus seeks help from the state legislature to collect the delinquent accounts. more »
The private student loan default rate dropped to 3.4% in the fourth quarter ended December 31 and will continue to decline in 2014, according to Moody's Investors Service. But more »
U.S. residential properties sold at an estimated annual pace of 5,083,241 in February, a slight decrease from the previous month but an improvement from a year ago, according to a new report. February marked the fourth consecutive month that saw sales activity fall. more »
A growing number of home lenders are lowering their minimum credit scores in an attempt to boost origination volumes that have suffered as interest rates climb. more »

Email Newsletters

Get the Payments Update and the Morning Scan when you sign up for a free trial.

Already a subscriber? Log in here
Please note you must now log in with your email address and password.