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subprime credit

Berkeley needs to become landlord for homeless

Even before the war on social welfare was declared, homeless services weren’t very well funded. If Berkeley — or any Bay Area city — wants to help people get off the street and into housing, there must be places for those people to live. And they must be affordable. But because it appears the stifling […]

 

Federal officials probing BMW over car leases to military members

The US began investigating industrywide auto lending practices in 2014. While early attention focused on lending to borrowers with subprime credit and securitizations of the loans, officials more recently have taken action against lenders over how they handle defaults. The Justice Department in October started scrutinizing subprime car lender Westlake Financial Services Inc. for allegedly […]

 

‘Subprime credit losses are accelerating’: There’s a problem in the auto loan market

An employee uses a forklift to transport an old AvtoVAZ Lada car at Vtormet scrappage plant outside Moscow, January 30, 2013.REUTERS/Tatyana Makeyeva The auto loan market is showing signs of stress. US auto loan and lease credit loss rates weakened in the second half of 2016, according to a new report from Fitch Ratings, which […]

 

Stay Ahead of the Trends to Grow

Pent-up demand is virtually gone, and lenders are pulling back from subprime credit. It’s time for dealers to review other parts of their business to maintain profitability.

 

Why US Retirees’ Credit Health May Be at Risk

Yet of those retiring Boomers surveyed by TransUnion, just 16% stated that maintaining credit health is a top financial concern when entering retirement. TransUnions proprietary consumer data also notes that 20% of people in that age range already have subprime credit.

 

CFPB flags new issues in latest credit card review

The CFPB has issued another request for information about the credit card market that identifies significant new issues of CFPB interest. The request is intended to inform the CFPB’s biennial review of the credit card market mandated by the CARD Act. Based on its previous biennial reviews, the CFPB issued its first and second reports […]

 

30 Percent of Americans Risk Damaging Credit Score in Retirement

 

Vigorous Movers’ Roundup- Sprint Corporation (NYSE:S), Rent-A-Center, Inc. (NASDAQ:RCII), TransUnion (NYSE:TRU)

TransUnion (NYSE:TRU)tries to make charm in street, as shares traded at $36.56 with knocks down of -0.98% in last trading session. More than 30 percent of American baby boomers may be making mistakes detrimental to their financial well-being in retirement, according to a new TransUnion (NYSE: TRU) survey, published. “Our findings highlight the importance of […]

 

4 credit card trends for 2017 and what they mean for you

2. Higher interest rates Recent projections by the Federal Reserve suggest that interest rates could rise by three-quarters of a percentage point this year. That means credit card debt could soon become more expensive, potentially costing you hundreds of dollars in additional interest over the next five years. The upshot: When you pay your balance […]

 

Hot Services Stocks To Watch Right Now: Wynn Resorts, Limited (WYNN), TransUnion (TRU)

February 23, 2017 — More than 30 percent of American baby boomers may be making mistakes detrimental to their financial well-being in retirement, according to a new TransUnion (TRU) survey, published. The report examined credit perceptions and behavior of non-retired, US consumers between the ages of 51 and 70. It found that 34 percent are […]

 

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