By Stacey Baca, ABC 7 A push is underway to charge more money when you cash any check at a currency exchange. An association for the companies argued they are making less money, even forcing some to close down....
By Frank Witsil, Detroit Free Press DETROIT, August 10– A study looking at business loans in metro Detroit confirmed the adage that banks lend money to people who don’t need it. It also found a pattern of lending that could be...
By Frank Witsil, Detroit Free Press DETROIT, August 10– A study looking at business loans in metro Detroit confirmed the adage that banks lend money to people who don’t need it. It also found a pattern of lending that could...
By Robert Reed, Chicago Tribune CHICAGO, July 3 — Many of the state’s poorest residents could soon pay more to cash a check at a local currency exchange, courtesy of a rate hike recommended by Gov. Bruce Rauner‘s administration. The Illinois agency...
By Robert Reed, Chicago Tribune CHICAGO, July 3 — Many of the state’s poorest residents could soon pay more to cash a check at a local currency exchange, courtesy of a rate hike recommended by Gov. Bruce Rauner‘s administration. The Illinois agency...
By Gregory Roberts Bloomberg July 19 — Online marketplace lenders would face significantly higher regulatory hurdles if most of their loans to small businesses were reclassified as consumer loans, as the Treasury Department has recommended, an industry representative and a...
By Gregory Roberts July 19 — Online marketplace lenders would face significantly higher regulatory hurdles if most of their loans to small businesses were reclassified as consumer loans, as the Treasury Department has recommended, an industry representative and a legal...
By Becky Yerak Two new bank branches in lower-income or largely minority Chicago neighborhoods are expected to open as Huntington Bank seeks to win over community groups as it awaits regulatory approval for its acquisition of FirstMerit Bank. The...
…Brent Adams, a lobbyist for the Woodstock Institute in Chicago that does research on fair lending practices, said that he’s not surprised by opposition to the bill. “We have observed that some of these alternative lenders offer loans on...
by Bruce Rushton A bill to regulate online lenders that target small businesses with loans that can carry more than 100-percent annual interest rates is moving, albeit slowly, through the Illinois General Assembly. …Brent Adams, a lobbyist for the...