Keyword Search Results

Predatory Lending

  1. Press: Mulvaney leading Consumer Financial Protection Bureau over a cliff
    Accounts of the slow death of the Consumer Financial Protection Bureau are not exaggerations. In his just released report to Congress, the agency’s acting director, Mick Mulvaney, was clear about his mission. “The bureau is… | Apr 12, 2018
  2. Press: Payday lenders, charging 460%, aren’t subject to California’s usury law
    It’s a question I get asked a lot: If California’s usury law says a personal loan can’t have an annual interest rate of more than 10%, how do payday lenders get away with interest rates… | Jun 02, 2017
  3. Press: City Attorney Mike Feuer Sues to End Allegedly Predatory Pension Loan Business (Chinese)
    【新唐人2017年02月17日讯】欠债还钱,本是理所应当。但故意隐瞒利率的高利贷公司,会让很多人吃尽苦头。周四(2月16日),洛杉矶市检察长,起诉一名涉嫌在网络上坑骗退伍军人和领养老金长者的借贷公司老板。检方还指出,类似公司在加州还有上百家,要市民在投资和借贷要小心陷阱。   | Feb 16, 2017
  4. Press: To recoup losses from housing collapse, Miami pursues novel suit
    The housing collapse of 2008 nearly broke the city of Miami.  Miami sued Bank of America, Wells Fargo and Citigroup under the 1968 Fair Housing Act, which bars discrimination in the sale, rental and financing… | Nov 07, 2016
  5. Press: Why it’s so hard to regulate payday lenders
    In June, when the Consumer Financial Protection Bureau (C.F.P.B.) announced new draft rules to protect American debtors from exploitative lenders—the first federal regulation of the payday-loan industry by the C.F.P.B.—industry advocates immediately began assessing the… | Aug 04, 2016
  6. Press: How a scorned industry plans to keep the 400 percent loan around
    Interviews with executives from several payday lenders provide a window into how one of the most scorned industries in the United States will try to contend with a regulatory attack. | Jun 10, 2016
  7. Press: Payday, car title loan rule could save U.S. consumers millions
    Washington, DC—Today, the Consumer Financial Protection Bureau (CFPB) unveiled a proposal for a new national rule on payday and car title lending that has the potential to save millions for U.S. consumers. Research shows… | Jun 03, 2016
  8. Press: Federal consumer watchdog takes aim at payday lenders
    The government’s consumer watchdog on Thursday proposed a set of new rules designed to rein in the practices of American payday lenders, taking aim at a profit-making model that involves staggeringly high fees and often… | Jun 02, 2016
  9. Press: New Military Lending Act rules will protect troops from predatory lending
    (SAN FRANCISCO, CA) – Today, Consumer Action applauded the Department of Defense for issuing new proposed rules to protect servicemembers and their families from predatory lending practices. The new rules update implementation of the… | Sep 26, 2014
  10. English: Saving Your Home from Foreclosure (2011)
    Foreclosure is the legal process that your mortgage lender uses to take your home when you fall behind on your mortgage payments. If you are faced with foreclosure, you can work to save your home—or… | Nov 01, 2011
  11. Books: The Monster
    The Monster: How a Gang of Predatory Lenders and Wall Street Bankers Fleeced America—and Spawned a Global Crisis tells the story of the rise and fall of subprime lending by chronicling the rise and… | Oct 22, 2010
  12. Vietnamese: Saving Your Home from Foreclosure (2009) (Vietnamese)
    Tịch thu nhà (foreclosure) là một tiến trình pháp lý chủ nợ nhà của quý vị dùng để lấy nhà của quý vị khi quý vị trễ hạn trả tiền nợ. Nếu quý vị bị tịch thu nhà, quý vị có thể làm một số việc để cứu lại căn nhà của mình – hay ít nhất giảm thiểu sự thiệt hại tài chánh gây ra bởi việc siết nhà – nếu quý vị biết được quyền lựa chọn của mình và có những xúc tiến thích hợp.
  13. Press: Borrowers bled dry
    State legislatures unknowingly legalized loan sharking when they exempted short-term, “payday” lenders from usury laws that generally capped interest rates at about 36 percent. The lenders, which now charge interest of 400 percent or more,… | Jul 13, 2009
  14. Korean: Saving Your Home from Foreclosure (2009) (Korean)
    차압은 여러분이 모기지론 패이먼트를 제대로 납부하지 못할 때 여러분의 주택을 융자기관의 소유로 만들기 위한 법적인 절차입니다. 여러분이 어떻게 적절한 조치를 취하는 지를 이해할 경우 차압에 직면했을 때 여러분의 주택 소유를 유지하기 위해 노력하거나 차압에 의한 재정적인 손상을 최소화할 수 있습니다.
  15. Press: 391 percent payday loan
    It seems like just a little loan, a few hundred dollars in advance of payday. But at an interest rate of $15 per $100, that little loan gets big in a hurry. And if another… | Apr 13, 2009
  16. Chinese: Saving Your Home from Foreclosure (2009) (Chinese)
    當你付不起房屋抵押貸款時﹐貸款公司就會以法律行動將你的房子查封拍賣。如果在面臨這種情況時你瞭解有關個人的選擇權而且採取適當的行動﹐也許能夠保住家園﹐或者至少減輕一些房子被查封拍賣所造成的財務損失。
  17. Spanish: Saving Your Home from Foreclosure (2009) (Spanish)
    La ejecución hipotecaria es el proceso legal que el prestamista hipotecario utiliza para quitarle su casa cuando usted se atrasa con las cuotas de su préstamo. Si usted corre el riesgo de una ejecución hipotecaria,… | Mar 03, 2009
  18. Links: PayDay Loan Info
    The Consumer Federation of America's information resource on payday lending for consumers and advocates. Check out how payday loans work, how they are regulated, and the legal status of payday lending in each state. | Sep 03, 2008
  19. Press: Fix rates to save loans
    There have been many proposals to deal with the problems in the mortgage market. But the best place to begin is by looking at the poor lending standards and weak consumer protections at the root… | Oct 19, 2007
  20. English: Questions & Answers About Subprime Lending
    This eight-page training guide, written in a question-and-answer format, discusses subprime lending and its pitfalls from a consumer advocacy perspective. The guide covers risk-based pricing of loans, subprime loans, credit scoring, predatory lending, illegal practices,… | Apr 01, 2004
 

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