Category Archive: Credit Ratings

2016
10/08

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Credit Ratings

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Payday lending focus of two Nov. 8 ballot questions

IM 21's interest rate limits apply to commercial and personal loans, including car-title loans. It does not apply to state and national banks, bank holding companies, other federally insured financial institutions and state-chartered trust companies

2016
09/21

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Credit Ratings

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Prepared remarks of CFPB Director Richard Cordray to the National Association of Federal Credit Unions

For small-dollar loans, we have issued a rulemaking proposal that would cover payday loans, vehicle title loans, and certain installment loans.

2016
09/17

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Credit Ratings

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Payday Lenders Mobilize Consumers With Dire Warnings

These new rules will put so many restrictions on products you use, including payday and title loans that you may no longer be able to qualify for a loan, the Financial Service Centers of America, another trade group warns on its website that can be

2016
09/03

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Credit Ratings

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Payday lenders retreat in the face of new restrictions

Anyone in need of a quick buck – and willing to pay exorbitant interest rates – could choose between Cash America, Loan Star Title Loans, TitleMax, EZ Money Loan Services, Ace Cash Express, two First Cash Advance outlets and several independent …

2016
07/16

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Credit Ratings

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Financial Service Centers Of America Statement In Response To HR 5485 And Sewell-Waters Amendment Votes

The Sewell-Waters Amendment would have stripped provisions from the underlying government funding bill, which prohibits funds from being used by the CFPB to enforce regulations or rules with respect to payday loans, short term loans, vehicle title

2016
06/28

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Credit Ratings

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Auto loan rates for Wednesday, June 15

About 1 in 5 borrowers of single-payment car-title loans have their car or truck seized by the lender for failing to pay back their debt.

2016
06/19

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Credit Ratings

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Car Dependence and the Troubling Rise of Subprime Auto Loans

There have been warning signs about the growth in subprime auto loans for years now. But the issue got some very high-profile attention last week when JP Morgan Chase CEO Jamie Dimon raised concerns that there may be a bubble in the auto lending …

2016
06/12

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Credit Ratings

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New Rules On Payday Loans

The proposals would extend consumer protection to various kinds of short-term or cash loans including auto-title loans, payday loans, and some installment loans, requiring lenders to make more efforts to establish whether the customer would be able to

2016
03/01

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Credit Ratings

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S&P Raises Argentina Credit Ratings: Macri Policies Working?

Argentinas beleaguered economy has managed to take a significant step toward recovery on Wednesday, Feb. 3, as the countrys local credit ratings were significantly raised by Standard and Poors. The Samp;Ps approval comes as a clear sign that the current projects and financial decisions of newly-elected Argentine president Mauricio Macri are working well, according to Bloomberg Business.

The new Administration has presented a credible plan to deal with long-standing macroeconomic imbalances, eliminated foreign-exchange restrictions, and begun negotiations with its holdout creditors. As a result, we are raising our long-term unsolicited local currency rating to B- from CCC+, analysts from Samp;P stated.

Since coming to power last December, President Macri has been particularly keen on settling cases that have been embroiling Argentinas economy. He has also been putting a lot of effort in expanding the countrys access to global markets.

2016
02/29

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Credit Ratings

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‘K’ Line, MOL credit ratings reviewed as profits slide

Two of Japan’s big three shipping lines sailed into the crosshairs of Moody’s ratings agency, with the outlook of Mitsui OSK. Lines being reviewed to negative and K Line heading for a downgrade as weaker than expected profitability clouded their 2016 prospects.