Tags » Consumer Finance

Lies and statistics

You may recognize the title to this post as part of a famous quote popularized by Mark Twain. There are two key words missing from the quote, but this is a family friendly blog, so…. 559 more words


Sullivan & Cromwell discusses CFPB Consideration of Rules to Restrict Certain Short-Term Lending

On March 26, 2015, the Consumer Financial Protection Bureau (the “CFPB” or the “Bureau”) announced that it will be considering rules imposing significant structural limitations and other requirements on payday and similar loans: (1) short-term (45 days or less) loans to consumers; and (2) longer-term (more than 45 days) high-interest rate personal loans (more than 36% measured by an “all in” annual percentage rate (APR) that is more inclusive than the Truth in Lending Act APR) where a lender has the right to collect from the customer’s paycheck or bank account, or where a non-purchase money loan is secured by the customer’s vehicle. 1,689 more words

Finance & Economics

Famed Dallas Minister TD Jakes Helps Radio One’s Empowerment Expos For Black Women | The Chicago Defender

Radio One, the parent company of NewsOne, plans a series of expos aimed at African American women to introduce them to financial management tools, including the company’s affinity credit card, the One VIP Card from American Express Serve.

36 more words
Affluent Blacks

Digital Content: Should you take out a second mortgage to pay for that?

A home equity line of credit works a lot like a credit card, with one big caveat: Your home is on the line as collateral until you’ve paid off the debt. 122 more words


Negative interest rates and adjustable-rate mortgages: Should banks pay interest to their borrowers?

A vast majority of mortgage loans in Spain have adjustable rates, with the rate typically linked to some index, such as the 12-month EURIBOR. Why more than 90% of mortgages have adjustable rates could be due to both demand and supply reasons. 560 more words

Consumer Finance

Dallas Tollway Fees Are Not Meant to be Permanent | Dallas Business Journal

Rep. Matt Shaheen, R-Plano, doesn’t mind rocking the boat during his first session in the House: He has filed a bill that, if passed, would return toll roads to the state highway system once revenue bonds are paid in full.That’s a bold statement, given that North Texas has the largest and oldest system of tolled roads in the state.

43 more words
Affluent Blacks

Golden Oldie: One United Bank is the Largest Black Owned Bank in America

OneUnited Bank for the last 50 years has been the premier bank for urban communities with offices in CaliforniaFlorida and Massachusetts. Its… 323 more words

Affluent Blacks