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Durbin seeks cap on consumer loan interest rates
Proposed law would end rates higher than 36% U.S. Sen. Dick Durbin (D-Ill.) has taken aim at the high-interest-loan industry, introducing a bill proposing to cap rates charged for payday loans, car title loans and other forms of consumer credit at 36 percent annual interest.
Read more News Source - Chicago Tribune
Publish date - 16:20:55 07/19/08

Protection from unscrupulous car sales needed
The biggest purchase you're likely to make is a home. And while a complicated project such as building or adding on to a home rarely goes smoothly, there are plenty of precautions you can take to make sure your good faith, investment, hopes and dreams are not crushed.
Read more News Source - Arizona Daily Star
Publish date - 07:42:07 07/20/08

McCain: Electric car 'vital' to oil independence
Washington allies haven't always been easy to come by for U.S. automakers, but Republican presidential candidate John McCain told General Motors Corp. employees Friday that reviving the struggling industry would be of utmost importance in his administration.
Read more News Source - USA Today
Publish date - 17:44:37 07/18/08

2 men accused of defrauding 4 Des Plaines banks
Suspects secured car loans with fake documents, police say Two men were charged with defrauding four Des Plaines banks of $120,000 in a scheme that let them secure loans to buy new cars that were shipped to Poland, authorities said Thursday.
Read more News Source - Chicago Tribune
Publish date - 23:26:41 07/17/08

St George debt raising changes gear
AS St George Bank yesterday announced the terms of a $1.2 billion debt raising, backed by car loans and not the home mortgages now shunned by global investors, it is clear that the current global funding freeze will take some time to thaw.
Read more News Source - The Australian
Publish date - 14:38:08 07/18/08

In credit, the right score can be elusive
DAVE LIEBER The letter in the mailbox was most welcome. I was offered a chance to buy my credit score from consumer-credit bureau TransUnion for a mere $7.95. I had never seen my credit score before. But anyone who reads the news knows that in today’s crazy credit climate, an individual’s credit score is more important than ever. A credit score affects your ability to get a mortgage, a car ...
Read more News Source - Fort Worth Star-Telegram
Publish date - 05:19:58 07/20/08

Given a shovel, digging deeper into debt
Practices that produced record profits for many banks have led millions of Americans to the brink.
Read more News Source - International Herald Tribune
Publish date - 07:03:03 07/20/08

Buying a car
Whether you're considering buying used or new, from a large dealership or a small-time corner lot, here's some advice to follow.
Read more News Source - Miami Herald
Publish date - 21:02:24 07/18/08

Investors get in line to recover their funds from Valley lender
Weeks after the death of Mortgages Ltd. owner Scott Coles, it is the target of multiple lawsuits.
Read more News Source - The Arizona Republic
Publish date - 08:01:33 07/20/08

Credit cards blaze paths to profit
Right up until she hit the wall financially, Diane McLeod was a dream customer for lenders.
Read more News Source - Denver Post
Publish date - 06:51:30 07/20/08

Conservation key to solving energy crisis
Am I the only one feeling the pain of the pump? The last time I took to the highway, I tried driving 55 miles an hour to save gas. Talk about lonely: Not only did everyone pass me, most whizzed by as though my car were broken down on the side of the road. And...
Read more News Source - San Francisco Chronicle
Publish date - 07:24:42 07/19/08

Avoiding auto loans that backfire on you
Skidding sticker prices may have you revving up to buy a new set of wheels, but steering clear of a bad loan is critical.
Read more News Source - New York Daily News
Publish date - 17:15:59 07/17/08

Slump cracks nest eggs
With home values continuing to decline and stock markets slumping, American households can expect to see more of their wealth evaporate this year.
Read more News Source - Denver Post
Publish date - 06:45:19 07/20/08

When Scott Almeida walked out of federal prison and into the mortgage business, he took a gamble
When Scott Almeida walked out of federal prison and into the mortgage business, he took a gamble. He admitted on his license application that he had been convicted of cocaine trafficking.
Read more News Source - Miami Herald
Publish date - 07:23:59 07/20/08

Lenders cash in as buyers despair
The collection agencies call at least 20 times a day. For a little quiet, Diane McLeod stashes her phone in the dishwasher. But right up until...
Read more News Source - Seattle Times
Publish date - 07:34:54 07/20/08

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