An attorney for a legal financing company asked an 11th Circuit panel Wednesday to throw out a class action claiming agreements it reached with consumers violate Georgia’s Payday Lending Act by assessing high interest rates.
Read moreA law firm that carried out a nonjudicial foreclosure against a homeowner who defaulted on his loan does not qualify as a debt collector, the U.S. Supreme Court ruled Wednesday.
Read moreSAN FRANCISCO (CN) – The judge overseeing Pacific Gas & Electric’s bankruptcy case said Wednesday he still hasn’t made up
Read moreThe nation’s farmers are struggling to pay back loans after years of low crop prices and export markets hit by President Donald Trump’s tariffs, with a key government program showing the highest default rate in at least nine years.
Read moreReporting systematic problems in the student loan industry, the inspector general of the Department of Education found Thursday that none of the nine entities that service borrowers’ accounts have done their jobs properly for years, with no pushback from regulators.
Read morePresident Donald Trump on Wednesday nominated Treasury Undersecretary David Malpass to lead the World Bank, calling him “a strong advocate for accountability” at the global lending institution that Malpass has frequently criticized.
Read moreThe average rate on the benchmark 30-year, fixed-rate mortgage rose to 4.46 percent, Freddie Mac said Thursday, marking a boost from 4.45 percent last week and from 4.22 percent a year ago.
Read moreThe House of Representatives approved a bill Thursday that would reopen the government through February, but the measure is unlikely to end what has become the longest government in U.S. history.
Read moreConvicted Tuesday by a federal jury, finance executive Peter Cash Doye, 41, and real estate broker Raquel Reid, 38, both of San Diego, face more than 80 years in prison for a $49 million real estate loan fraud.
Read moreAdvocate Law Groups of Florida; its lawyer-president and his wife “deliberately targeted” Latinos in “unfair and predatory loan modifications and foreclosure rescue services,” the United States claims in a federal complaint.
Read moreDefending a no-politics policy that took effect after an openly anti-Muslim group beat it in court, a lawyer for the Southeastern Pennsylvania Transportation Authority testified Monday that the agency was justified in blocking advertising about racial disparities in mortgage lending.
Read moreTackling consumer-protection issues that the Hungarian Legislature has expressly ignored, the European Court of Justice ruled Thursday that national courts have a duty to study the fairness of contracts.
Read moreInterest rates on consumer loans of $2,500 or more can be deemed unconscionable under California’s lending laws, the state’s high court ruled Monday.
Read more(CN) – The 11th Circuit ruled that an action brought by a self-regulatory commission does not preclude subsequent action by a government regulatory agency after an appeal by Southern Trust Metals Inc., which was found guilty of fraud for misleading customers about metal commodities purchases and charging interest on fraudulent loans.
Read moreA lawsuit accusing Wells Fargo of violating the Fair Housing Act by offering predatory loans to minority homebuyers will advance, a federal judge ruled Friday.
Read moreTargeting minorities and veterans lacking access to fair credit, lenders pushing small loans with interest rates above 100 percent are flourishing in California.
Read moreThe European Court of Justice gave a Flemish court the go-ahead Thursday to rule on the fairness of an interest-free loan that a student got from her college for a school trip.
Read moreA couple saddled with burdensome loan payments because of currency fluctuations curried favor Thursday with a magistrate for Europe’s top court.
Read more