Stories tagged: loans
UPDATED: Fri., April 20, 2018, 4:40 p.m.
Wells Fargo to pay $1B for mortgage, auto lending abuses
Wells Fargo will pay $1 billion to federal regulators to settle charges tied to misconduct at its mortgage and auto lending business, the latest punishment levied against the banking giant …
UPDATED: Tue., Feb. 6, 2018, 5:27 p.m.
If interest rates rise, GM likely to expand subsidized loans
If auto loan interest rates rise as expected this year, General Motors and others are likely to make more subsidized loans, including zero-percent financing, to keep car sales flowing.
Wed., Oct. 18, 2017, 12:32 p.m.
Montana U.S. Senate hopefuls make large loans to campaigns
Two Montana Republicans seeking to challenge incumbent Democrat U.S. Sen. Jon Tester in 2018 are chipping in large amounts of their own money to jumpstart their campaigns.
Thu., June 15, 2017, 10:29 a.m.
Betsy DeVos delays Obama-era rules designed to protect students from predatory for-profit colleges
The Trump administration is suspending two key rules from the Obama administration that were intended to protect students from predatory for-profit colleges, saying it will soon start the process to …
Wed., May 24, 2017, 8:25 a.m.
Deutsche Bank is asked for files on Trump family loans
Democratic lawmakers asked Deutsche Bank to hand over its findings on two politically charged matters — its banking on behalf of now-President Donald Trump and trades from the bank’s Moscow …
UPDATED: Mon., May 22, 2017, 6:12 p.m.
Credit cards give investors jitters, but bankers sleep fine
For Kevin St. Pierre, the math on credit cards is pretty simple. “Generally, if the consumer has income, they pay their debts,” St. Pierre, an analyst at Sanford C. Bernstein, …
Wed., April 26, 2017, 11:03 a.m.
Low interest loans available to area producers
The U.S. Department of Agriculture Farm Service Agency announced Tuesday that physical loss loans are available in numerous counties throughout the Northwest, including Latah and Whitman counties.
Sun., Jan. 22, 2017
Mortgage discount points now tossed in one basket
Mortgage points are a pain. They are difficult to explain to the first-time homebuyer, sometimes an added expense for the seller, a tender bargaining spot for agents and a mandatory, …
Tue., Dec. 27, 2016, 10:31 a.m.
Congress’ budget patch averts national farm loan crisis
U.S. farmers drained all available government agricultural loan money this past fiscal year to get through one of the worst agricultural downturns in recent years, but no one who qualifies …
Wed., Dec. 7, 2016, 1:38 p.m.
Consumers boost borrowing $16 billion in October
Consumers increased their borrowing in October at the slowest pace in four months as growth in credit card debt and the category that covers auto loans and student loans slowed.
Sun., Nov. 27, 2016, 7:07 a.m.
No credit history, no problem: Lenders now look at phone data
Financial institutions, overcoming some initial trepidation about privacy, are increasingly gauging consumers’ creditworthiness by using phone-company data on mobile calling patterns and locations.
Mon., Sept. 19, 2016, 1:29 p.m.
Education Department beefs up effort to help ITT Tech students
The Department of Education announced new online resources Monday for students affected by the abrupt closure of ITT Technical Institutes, amid criticism that the government is not doing enough to …
Fri., July 29, 2016, 10:41 a.m.
U.S. regulators: Still heavy risk in big bank loans
Federal regulators say risk remains heavy in large loans made by banks and other financial institutions, though lending standards have improved.
Thu., June 2, 2016, 12:48 p.m.
Payday lenders face federal restrictions in aim to protect borrowers
Federal regulators are proposing a significant clampdown on payday lenders and other providers of high-interest loans, saying borrowers need to be protected from practices that wind up turning into “debt …
Fri., May 6, 2016, 12:33 p.m.
U.S. consumer borrowing jumps 10 percent in March
U.S. consumers sharply increased use of their credit cards in March, pushing up total borrowing at the fastest pace in more than a decade.
Thu., May 5, 2016, 11:06 a.m.
Average rate on 30-year mortgages falls to 3.61 percent
Long-term U.S. mortgage rates fell this week, following the Federal Reserve’s decision not to raise its benchmark interest rate.
Mon., May 2, 2016, 10:59 a.m.
Puerto Rico skips bond payments, says Congress must help
Puerto Rican officials say the island’s default on a $422 million bond payment is only the beginning if the U.S. Congress doesn’t help resolve the situation soon.
Mon., May 2, 2016, 9:20 a.m.
Atlantic City avoids default, makes $1.8M bond payment
Financially strapped Atlantic City scraped together enough money to make a $1.8 million bond payment Monday morning, narrowly avoiding becoming the first New Jersey municipality to default on its debt …
Thu., April 7, 2016, 4:23 p.m.
Government: Student loan defaults won’t result in jail time
It won’t help your credit history, but defaulting on student loans will not earn you a one-way ticket to jail. That word comes from the Education Department in a blog …
Thu., April 7, 2016, 3:51 p.m.
Student loan debt adjustors in Washington to refund illegal fees
The state Attorney General’s Office says several student loan debt adjustors in Washington that overcharged hundreds of students and collected illegal fees will refund the money.
Thu., April 7, 2016, 3:46 p.m.
U.S. consumer borrowing rises at weak pace again
U.S. consumers borrowed at a modest pace in February for the second month in a row, evidence of ongoing caution that has kept a lid on spending this year.
Tue., Nov. 17, 2015
Editorial: For-profit colleges a bad bargain
For-profit colleges have draining public funds and exploiting veterans for far too long. Congress needs to act.
Thu., Feb. 14, 2013
Glenewinkel: Bond lacked parent support
East Valley School District faces the aftermath of repeated failure as voters rejected a $65 million bond Tuesday that would have renovated schools and built an athletic facility and performing …
Sun., June 12, 2011
Wells Fargo rolls out fixed-rate student loans
NEW YORK — Wells Fargo is hoping to make its student loans more attractive to families. The San Francisco-based bank says it is now offering fixed-rate student loans, which is …
Sun., Oct. 10, 2010
Company’s plan offers hope for ‘underwater’ borrowers
Many lenders have not budged from their prepayment penalties – the practice of charging a significant fee if the borrower refinances or sells within a specific period of time – …
Mon., Jan. 25, 2010
Tough times could boost use of tax refund loans
WASHINGTON – After several years of declining use, tax refund anticipation loans could make a big comeback this tax season among cash-strapped taxpayers. Known as “RALs,” refund anticipation loans are …
Thu., Dec. 11, 2008, 11:07 a.m.
Fed: Household debt, net worth post declines
WASHINGTON — U.S. households, hit by declining home values and stock market losses, have cut back on their debt levels for the first time on record as loans remain scarce …