RICHMOND, Va. — Del. Mark Levine recalls receiving a $1,000 loan offer from a company with a 299% interest rate buried deep in the fine print. “As the company compounds daily at this interest rate, ...

In recent months, virtually every regulated industry has witnessed announcements of significant regulatory changes, including the financial services sector. While the Federal Deposit Insurance ...

From the industry's perspective, credit card pricing reflects risk. Lowering the ceiling compresses margins on higher-risk borrowers, making those accounts uneconomical. Analysts told Reuters that ...

On December 12, Wisconsin legislators introduced Senate Bill 759 (SB 759), which would substantially shift Wisconsin’s approach to consumer lending. The bill would: Under current Wisconsin law, with ...

Aggregate U.S. consumer spending still looks healthy, but that strength is increasingly misleading. Beneath the surface, a ...

NEW YORK (MarketWatch) -- The Federal Reserve on Tuesday unveiled its new Term Asset-Backed Securities Loan Facility (TALF), a plan under which it will lend up to $200 billion to support the issuance ...

Guest Opinion. My foremost responsibility as Principal Chief is to protect the well-being of the Cherokee people. That ...

Business loans typically have higher funding amounts and better rates, but newer business might not qualify ...

Banks see room for consumer credit to continue rising Higher workforce and economic strength viewed as drivers Bad debt ratios tick higher but far below 2008-09 levels Spanish government to set caps ...

MANILA, Philippines — Banks expanded consumer lending at a rapid pace in the first half, supported by lower borrowing costs and stronger household demand, according to the Bangko Sentral ng Pilipinas.