State Employees' Credit Union teams up with the Center for Responsible Lending to help members avoid expensive car dealer add-ons.
Tom Nix, who sold his family financial services business to Kinecta FCU in 2007, shares details on the deal and his eventual departure.
State Employees' Credit Union and the Center for Responsible Lending will educate members on avoiding auto dealer add-ons and overpriced financing.
Despite attempts to negotiate at dealerships, Hispanic and black car buyers pay higher rates according to CRL report.
A consumer coalition voiced support to federal financial regulators attempts to prevent payday lenders from using the electronic check system to debit their customer's checking accounts for loan payments.
Group of groups call for regulator attention to payday lenders using automatic check debits.
Research found bipartisan support.
Center for Responsible Lending report alleges excessive multiple charges, re-ordering to maximize fee income.
Center for Responsible Lending testimony says Florida shows particularly sharp growth, calls for protection from Social Security garnishing.
Jerry Reed, chief lending officer from the $5.3 billion Alaska USA FCU, told lawmakers during a June 18 hearing on the Consumer Financial Protection Bureau’s qualified mortgage rule that products and product features were responsible for the mortgage market meltdown, not underwriting standards.