The Federal Housing Administration is limiting lender liability for some underwriting errors, which could open up FHA loans to more borrowers.
Credit unions see lending outpace spending for the first time since 2007.
Four major U.S. banks exit deposit advance business, but might not be gone for long.
CFPB alleges an online lender engaged in abusive and deceptive lending practices.
The Center for Responsible Lending reports that regulators are cracking down on payday lenders.
Black and Latino homebuyers in communities of color received significantly fewer conventional mortgages than white homebuyers.
Financial service companies are barred by federal law from discriminating — yet still, it occurs.
A few weeks ago, I wrote about the multi-decade low in U.S. CD balances. As you can see in the chart below, researched by our own Chris Persaud, there’s little mystery to why that is. When the Federal Reserve lowers its key federal funds rate, CD rates dive. CD investors, in turn, refuse to roll