Pipes Output http://pipes.yahoo.com/pipes/pipe.info?_id=d6fda8a6224f6357b44cc7915dba1587 Thu, 01 Oct 2015 23:12:23 +0000 http://pipes.yahoo.com/pipes/ http://www.responsiblelending.org/media-center/press-releases/archives/Report-Shows-Payday-Car-Title-Lenders-Moving-Into-Unsafe-Installment-Loans.html A new policy brief released today by the Center for Responsible Lending provides a state-by-state snapshot showing predatory payday and car title lenders increasingly moving into installment loans. The lenders are continuing to offer unsafe loans with excessive interest rates, which are carefully designed to trap borrowers in a cycle of debt they cannot escape, and actively seeking to expand into new states. www.responsiblelending.org-667903300 Thu, 01 Oct 2015 05:00:00 +0000 http://www.responsiblelending.org/media-center/press-releases/archives/Fifth-Third-to-Pay-21-Million-for-Illegal-Auto-Lending-Credit-Card-Practices.html Yesterday, the federal Consumer Financial Protection Bureau (CFPB) announced that Fifth Third Bank will pay $21 million back to consumers as a part of two investigations into the institution’s practices. The bank will pay $18 million to African American and Latino consumers for engaging in auto dealer markups a discriminatory lending practice that resulted in borrowers of color paying more for their car loans. www.responsiblelending.org-667376042 Tue, 29 Sep 2015 05:00:00 +0000 http://www.responsiblelending.org/media-center/press-releases/archives/Report-Shows-Student-Loan-Servicing-Is-A-Mess-In-Need-of-Urgent-Cleanup.html Today, the Consumer Financial Protection Bureau’s (CFPB) and Department of Education (DOE) issued a new report on student loan servicing that confirms concerns that the student loan servicing system is both hurting borrowers and taxpayers and in need of swift regulatory reform. www.responsiblelending.org-667594352 Tue, 29 Sep 2015 05:00:00 +0000 http://www.responsiblelending.org/media-center/press-releases/archives/A-Plus-Heitkamp-Private-Student-Loan-Refinancing-Bill-Will-Provide-Relief-for-Borrowers.html This week, South Dakota Senator Heidi Heitkamp introduced the Private Education Loan Refinancing Act of 2015, which would provide relief to students burdened with risky or expensive loans. The bill would create incentives for lenders to work with borrowers to refinance and modify loans to help borrowers avoid default. In the mortgage market, loan modification and refinancing has helped many people avoid foreclosure or save money. There would be no net cost to taxpayers. www.responsiblelending.org-666243447 Wed, 23 Sep 2015 05:00:00 +0000 http://www.responsiblelending.org/media-center/press-releases/archives/CFPB-Mortgage-Rule-Change-Will-Help-Community-Banks.html Yesterday, the Consumer Financial Protection Bureau finalized changes to its Qualified Mortgage (QM) rule. The changes, which raise the number of loans a small creditor can re-sell and expand the number of banks that can qualify as a "rural bank," are a response to feedback from lenders. www.responsiblelending.org-666018721 Tue, 22 Sep 2015 05:00:00 +0000 http://www.responsiblelending.org/media-center/press-releases/archives/Mortgage-lending-continues-under-Dodd-Frank.html Despite a number of industry predictions, new data from the Home Mortgage Disclosure Act (HMDA) report today revealed that Dodd-Frank's mortgage protections and the Consumer Financial Protection Bureau's related new mortgage regulations did not produce a decrease in mortgage accessibility for homebuyers. www.responsiblelending.org-666060593 Tue, 22 Sep 2015 05:00:00 +0000 http://www.responsiblelending.org/media-center/press-releases/archives/CRL-Senior-Vice-President-Chris-Kukla-Named-to-CFPB-Consumer-Advisory-Board.html Today, the federal Consumer Financial Protection Bureau (CFPB) announced new members of its Consumer Advisory Board, including Center for Responsible Lending (CRL) Senior Vice President Chris Kukla. The board brings together external experts, industry representatives, consumers, community leaders and advocates to discuss consumer protection issues, financial products and services, civil rights and underserved communities. www.responsiblelending.org-665208320 Fri, 18 Sep 2015 05:00:00 +0000 http://www.responsiblelending.org/media-center/press-releases/archives/Financial-Fairness-and-Hispanic-Heritage-Month.html In recognition of Hispanic Heritage Month, September 15-October 15, the Center for Responsible Lending will highlight issues this month that disproportionately affect this community. If your outlet is planning or considering coverage of financial services that pose challenges for consumers in general or Latinos in particular, CRL experts in policy, research and advocacy are available for scheduled interviews. www.responsiblelending.org-664733977 Wed, 16 Sep 2015 05:00:00 +0000 http://www.responsiblelending.org/media-center/press-releases/archives/Big-Fines-for-Abusive-Debt-Collection.html Today, the Consumer Financial Protection Bureau (CFPB) announced enforcement actions against Encore Capital Group and Portfolio Recovery Associates, the two largest debt buyers active in the United States. www.responsiblelending.org-663191225 Wed, 09 Sep 2015 05:00:00 +0000 http://www.responsiblelending.org/media-center/press-releases/archives/Federal-Housing-Administration-s-Proposal-Falls-Short-Hits-Borrowers-Coming-and-Going.html The Federal Housing Administration’s mutual mortgage insurance fund plays a critical role in providing access to credit so that millions of Americans -- many of whom are first-time buyers, come from low- and moderate-income backgrounds, or purchase homes in communities of color -- can be successful homeowners. The FHA today proposed revised language on the lender certification of loan and borrower eligibility and lender disbarment. www.responsiblelending.org-661494093 Tue, 01 Sep 2015 05:00:00 +0000 http://www.responsiblelending.org/payday-lending/tools-resources/bank-payday-media-coverage.html Banks that engage in payday lending have been in the media spotlight. Here we give a large sample of recent media coverage, legislative proposals, and public concerns directed at debt-trap lending by banks. www.responsiblelending.org-413332499 Mon, 11 Mar 2013 05:00:00 +0000 http://www.responsiblelending.org/payday-lending/tools-resources/behind-the-veil-bank-payday.html The numbers show that bank customers that take payday loans based on their direct deposit advance get caught in the same high-cost debt trap that storefront payday loan borrowers do. These 365% loans siphon fees from the customer's bank account over and over as the cycle continues. But customers may not recognize them as payday loans because they are named differently. www.responsiblelending.org-308709371 Fri, 03 Feb 2012 06:00:00 +0000 http://www.responsiblelending.org/other-consumer-loans/car-title-loans/tools-resources/car-title-news.html Stay informed about developments in the car title loan and auto title loan industry www.responsiblelending.org-255789190 Wed, 13 Jul 2011 05:00:00 +0000 http://www.responsiblelending.org/credit-cards/tools-resources/credit-card-and-prepaid-card-news.html Stay informed with developments in the credit card and prepaid card industries. www.responsiblelending.org-252002265 Wed, 13 Jul 2011 05:00:00 +0000 http://www.responsiblelending.org/payday-lending/tools-resources/payday-lending-news.html Stay informed with developments in the credit card and prepaid card industries. www.responsiblelending.org-255788007 Wed, 13 Jul 2011 05:00:00 +0000 http://www.responsiblelending.org/overdraft-loans/tools-resources/overdraft-news.html Stay informed about developments in overdraft loans, overdraft fees and other banking fees. www.responsiblelending.org-255787852 Wed, 13 Jul 2011 05:00:00 +0000 http://www.responsiblelending.org/mortgage-lending/tools-resources/mortgage-news.html Mortgage news from the Center for Responsible Lending www.responsiblelending.org-251727766 Tue, 12 Jul 2011 05:00:00 +0000 http://www.responsiblelending.org/other-consumer-loans/auto-financing/tools-resources/yo-yo-scam.html No description available www.responsiblelending.org-234993933 Fri, 06 May 2011 05:00:00 +0000 http://www.responsiblelending.org/other-consumer-loans/auto-financing/tools-resources/signs-of-predatory-auto-loans.html Don't get into car trouble: learn to spot predatory auto finance loans. www.responsiblelending.org-144841331 Fri, 02 Apr 2010 05:00:00 +0000 http://www.responsiblelending.org/overdraft-loans/tools-resources/predatory-signs-of-unfair-overdrafts.html Many banks and credit unions use unfair overdraft systems that cost Americans $24 billion per year in excessive fees. These signs of unfair overdrafts will help consumers identify them and distinguish between unfair and affordable overdraft coverage. www.responsiblelending.org-136991716 Fri, 02 Apr 2010 05:00:00 +0000 http://www.responsiblelending.org/other-consumer-loans/car-title-loans/research-analysis/report-shows-payday-car.html No description available www.responsiblelending.org-667895447 Thu, 01 Oct 2015 05:00:00 +0000 http://www.responsiblelending.org/north-carolina/take-action/recent-updates/north-carolina-legislative-sep2015.html No description available www.responsiblelending.org-667673038 Thu, 01 Oct 2015 05:00:00 +0000 http://www.responsiblelending.org/other-consumer-loans/online-marketplace-lending-treasury2015.html No description available www.responsiblelending.org-667832188 Thu, 01 Oct 2015 05:00:00 +0000 http://www.responsiblelending.org/mortgage-lending/policy-legislation/2014-hmda.html No description available www.responsiblelending.org-666071469 Tue, 22 Sep 2015 05:00:00 +0000 http://www.responsiblelending.org/north-carolina/take-action/recent-updates/north-carolina-legislative.html No description available www.responsiblelending.org-656829023 Wed, 12 Aug 2015 05:00:00 +0000 http://www.responsiblelending.org/student-loans/research-policy/coalition-letter-to-ncua-july2015.html No description available www.responsiblelending.org-654070028 Thu, 30 Jul 2015 05:00:00 +0000 http://www.responsiblelending.org/other-consumer-loans/auto-financing/research-analysis/oppose-hr-1737-reforming-cfpb.html No description available www.responsiblelending.org-653633032 Tue, 28 Jul 2015 05:00:00 +0000 http://www.responsiblelending.org/other-consumer-loans/auto-financing/research-analysis/oppose-hr-1210-portfolio.html No description available www.responsiblelending.org-653634692 Tue, 28 Jul 2015 05:00:00 +0000 http://www.responsiblelending.org/student-loans/research-policy/student-lending-servicing.html No description available www.responsiblelending.org-650698045 Tue, 14 Jul 2015 05:00:00 +0000 http://www.responsiblelending.org/mortgage-lending/research-analysis/comments-on-proposed-changes.html No description available www.responsiblelending.org-651400535 Tue, 14 Jul 2015 05:00:00 +0000