June, 2010
Securities backed by student loans for sale
A few lenders that deal in federally backed student loans are preparing a big sale. These "securities" made of student loans are going to be sold soon. Is it a good idea to sell government-backed loan credit? Or are companies relying on taxpayers to bail them out should something go wrong?
How student loans have worked
Since ...
Congress agrees upon auto dealer exemption
The National Automobile Dealers Association has political muscle, and it was not afraid to use it to get the highly sought-after auto dealer exemption from Consumer Financial Protection Bureau oversight. Automotive News interviewed NADA spokesman Bailey Woods, who told the industry publication the House and Senate committees came to the proper conclusion for consumers, as ...
Cash Store weathers trials, continues to serve public
Payday loan companies like Cash Store have faced an excellent deal of legal opposition in their quest to provide instant cash loans for consumers. Much of this has come from consumer interest groups with lobbyist connections to some elected officials. They say they represent the best interests of consumers in their opposition to such outlets ...
Auto dealer regulation – An inability to compromise
Auto dealer regulation continues to be on the minds of House Democrats of late, or a lot more specifically a lack thereof. Their belief is that the newly formed Consumer Financial Protection Agency (CFPA) would likely hamper auto dealers' ability to recuperate during these trying financial times by limiting their ability to continue offering dealer-assisted ...
Will the BP escrow fund really help?
In a private, closed-door meeting, Obama administration officials and BP executives agreed to the creation of a $20 billion BP escrow fund. The business is expected to set aside money in the BP escrow fund. Victims of the oil spill will be paid for lost income and other damages. The real problem, though, is the ...
