Known as the “True Lender” rule, the Office of the Comptroller of the Currency (OCC) gave a green light to predatory lenders. It effectively overrides a string of state laws in almost every state enacted to end abusive payday, car-title, and installment loans with explosive interest rates of more than 100%.
“All Americans deserve equitable access to affordable housing and the physical, emotional and financial security it represents,” said Lisa Rice, CEO, National Fair Housing Alliance. “JPMorgan Chase’s new commitments will help make owning or renting a reality for more Black and Latinx families, whose housing access has been impeded by decades of systemic racism and are now disproportionately affected by the impact of COVID-19. Addressing the affordability crisis, now overlaid with the pandemic, will require many players on many fronts, and these commitments are concrete, meaningful steps in the right direction.”
Monday, June 22, Los Angeles County Officials shared updated news regarding the coronavirus outbreak. The numbers reflect a level of stabilization, but the current daily rate has been showing significant increase in community transmission.
In operation for more than 30 years, VSEDC offers tools to aid both start-up ventures and established owners
Would you feel comfortable disclosing your bank account information on a personal loan application? What about your work history? Your college major? That’s what it could take to borrow money from some loan companies that consider alternative data which can be anything that isn’t in your credit report when deciding whether to approve your loan application. Companies that use the data say it helps them better evaluate applicants by giving them insight beyond a credit report, which usually shows things like your name, address, social security number, and current and past credit accounts. But some consumer advocates say that while
The hearing allowed members to hear directly from witnesses from the CDC community regarding their experience with the program.
Critics say lenders who offer these high-interest loans target disadvantaged people, large numbers of them Black and Brown consumers
DeVos coddles companies while abandoning student loan borrowers
A more user-friendly experience; adds multi-language option and weekly updated job events section