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1 May 2007, 4:31 pm
Matthew Lee, a well-known gadfly who often presses banks to revise their policies on mortgage loans to the poor, is the only blogger at the United Nations with media credentials, entitling him to free office space and access to briefings and press conferences. [read post]
1 May 2007, 3:59 pm
Burroughs and the next witness, Henry Sommer (president of the National Association of Consumer Bankruptcy Attorneys), proposed a simple solution -- Congress should restore the bankruptcy law to its original intent before the Supreme Court's decision in Nobelman. [read post]
1 May 2007, 8:15 am
From 1978 to 2001, annual inflation based on consumer prices averaged anywhere between 47% and 125%. [read post]
30 Apr 2007, 11:08 am
For two years, Georgia consumers have been spared the crippling cost of paying triple-digit interest on payday loans. [read post]
30 Apr 2007, 8:03 am
Plagued by high inflation for three decades, Turkey could not previously handle long-term consumer credits. [read post]
26 Apr 2007, 8:21 pm
Bert Ely, a banking industry consultant in Alexandria, Va., disagreed, pointing out that lenders have every incentive to prevent foreclosures. [read post]
25 Apr 2007, 8:22 pm
National banks and federal thrifts who have been subject to rigorous oversight to ensure that they adequately protect their customers' nonpuplic personal information and consumer information from unauthorized access (online and offline) will be pleased to note that the parent of the OCC and the OTS, the Treasury Department, recently received a failing grade for computer security. [read post]
25 Apr 2007, 1:04 am
Outside attorneys will be needed to help companies with corporate restructurings, asset sales and bankruptcy filings; guide them through state and federal government probes; and take on class actions by consumers, investors and employees. [read post]
22 Apr 2007, 4:39 am
The states filed an amicus arguing they could oversee non-banking subsidiaries of national banks. [read post]
21 Apr 2007, 2:07 am
After payments under the lease were delayed by Blue Diamond's cash flow problems, Epic sold the lease to Cupertino National Bank. [read post]
19 Apr 2007, 6:48 pm
Those who are Anti-Illegal Immigration, while perturbed at the thought of low border security and weak national defense, would agree that the issuance of some type of identification number only for purposes of collecting taxes would help increase government revenues. [read post]
19 Apr 2007, 8:23 am
  But as later chapters illustrate, the consumer can get burned when things go wrong. [read post]
18 Apr 2007, 8:31 pm
Congress, national banks are equally "afflicted. [read post]
17 Apr 2007, 8:27 pm
Regulation of national bank operations is a prerogative of Congress under the Commerce and Necessary and Proper Clauses. [read post]
17 Apr 2007, 2:14 pm
by Elizabeth Renuart (National Consumer Law Center) Rather than discussing why the majority may be legally wrong (the dissent does an excellent job of that), my thoughts focus on the lines drawn by the decision and its potential practical effects. [read post]
17 Apr 2007, 1:45 pm
  According to the majority, the National Bank Act preempts the Michigan statute affecting state-chartered mortgage lending corporations which are structured as operating subsidiaries of national banks. [read post]
17 Apr 2007, 11:30 am
After all of the complicated arguments in the wage/penalty debate, future points and authorities regarding the issue can now be boiled down to a single sentence and citation: The "additional hour of pay" due to an employee under Labor Code § 226.7 is a wage, not a penalty. [read post]
17 Apr 2007, 8:40 am
The statutes at issue did not regulate depository institutions such as national or state banks and had consumer protection (rather than protection of bank depositors) as their purpose. [read post]
15 Apr 2007, 8:18 pm
Mortgage banking consultant Brian Chappelle said there would be considerable lender interest in this program if it were implemented. [read post]
12 Apr 2007, 9:09 am
by Deepak Gupta Three consumer groups -- Consumer Federation of America, Center for Responsbile Lending, and National Consumer Law Center -- issued a statement today expressing disappointment with the Pentagon's new proposed rules on predatory lending to servicemembers. [read post]