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Wednesday, July 22, 2020
Tuesday, July 21, 2020
Moment of truth: Some homeowners expect struggle to pay mortgage when extra unemployment ends
Simona Roganovic is worried about how she’ll resume paying her mortgage once the extra $600 that Americans get in weekly unemployment benefits expires at the end of July. The enhanced money has given her family a lifeline.
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Thursday, July 16, 2020
CFPB files lawsuit against Chicago-based Townstone Financial for alleged discriminatory lending practices
The Consumer Financial Protection Bureau (CFBP) on Wednesday filed a lawsuit against Townstone Financial Inc., a Chicago-based nonbank retail-mortgage creditor.
CFPB’s complaint alleges that Townstone violated the Equal Credit Opportunity Act (ECOA) and Regulation B by engaging in discriminatory mortgage-lending practices and that those violations also constituted violations of the CFPA, the Consumer Financial Protection Act.
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Wednesday, July 15, 2020
Tuesday, July 14, 2020
Retail Banking in the United States: COVID-19 Impact Snapshot 2020 – ResearchAndMarkets.com
This report focuses on the impact of the Coronavirus outbreak on the economy and the retail banking industry in the US. Based on proprietary datasets, the snapshot provides a detailed comparison between pre-COVID-19 forecasts and revised forecasts of total mortgage, consumer, credit card loan balances as well as deposit balances in terms of value and growth rates. It also offers information on measures taken by the government to combat Coronavirus.
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Thursday, July 9, 2020
Your credit and the CARES Act
If you made accommodations with your lenders or creditors due to financial hardships related to coronavirus, follow these steps to ensure that your credit reports and scores are not negatively impacted.
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Wednesday, July 8, 2020
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