Finance

Credit card debt becoming less than student loan debt

Students loans have become more of a problem when it comes to debt than credit card debt. It is beginning to cost more to go to college, but credit card balances are being paid off. Some analysts say less consumer protection for student loans than other types of borrowing is a reason for the trend. ...

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New York targets mortgage loan officers with new regulations

In many states, personal unsecured loan products are being subjected to new regulations, mostly based around who offers them. Unscrupulous agents that offered small loans and large loans to customers are the intended target. When New York passed these regulations in 2006, the federal government passed comparable laws in 2008. Licensing loan officers in New York The ...

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Canadian limits on payday lenders

Manitoba, Canada can have limits on payday advance cash charges after October 18. The government finally set the date after two years. Payday advances already have limits this ads to in other provinces. Manitoba was a limit on payday loans $ 17 per $ 100 is the limit on quick extra cash. Manitoba's Public Utilities Board recommended ...

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Taking the Wells Fargo Finance Division out of the mix

After heavy subprime mortgage losses, Wells Fargo has announced the closure of the Finance Division. Only about 3,800 of the 14,000 jobs within the Finance Division will be lost. Wells Fargo financial products, like line-of-credit loans, will nevertheless be accessible. The work of Wells Fargo Finance Division In existence for the last 100 years, the Wells Fargo ...

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Credit card offers more deceitful with credit reform

Consumers can’t relax with the credit card reform. People need to be wary now a lot more than ever. The credit card reform act of 2009 has looked at a lot more underhanded credit card scams from financial institutions. So now those establishments are trying much harder to sign people up for credit card debt ...

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