Tag Archive: Consumer Financial Protection Bureau

Oct 01 2015

Military Members to Get Boost


By Texas Appleseed Texas payday and auto title loan alarming trend: borrowers trapped in debt at 500% APR or higher Active duty service members in Texas, their spouses, and dependents will be better protected against a range of consumer loan and credit products via the Military Lending Act (MLA) final rule. The final federal rule, by …

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Permanent link to this article: http://www.easttexasreview.com/military-members-to-get-boost/

Aug 08 2015

Discriminatory Lending Honda Finance Division Makes $25 Million Settlement

Honda Motors

By Nicole James Scott/North Dallas Gazette After a probe by the Department of Justice American Honda Finance will pay $24 million to African-American, Hispanic and Asian and Pacific Islanders who were overcharged higher interest rates on car loans. An additional $1 million will be paid to fund a consumer financial program. According to the DOJ …

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Permanent link to this article: http://www.easttexasreview.com/discriminatory-lending-honda-finance-division-makes-25-million-settlement/

Aug 07 2015

Student Loans: Pitfalls to Avoid


By Charlene Crowell/NNPA Columnist If you are a college student, a recent college graduate or even a college drop-out, student loan debt is not only likely, but probable. Among Black families, more than half – 52 percent – borrow for college costs, according to the Center for Responsible Lending (CRL). Additionally, paying off college loans …

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Permanent link to this article: http://www.easttexasreview.com/student-loans-pitfalls-to-avoid/