Lending

The current regulatory structure and failings by some regulators has resulted in inconsistent enforcement of anti-discrimination laws among lenders, a report by Congress' investigative arm concluded.

Despite signs of an improved economy, foreclosure filings rose 6.7% last month, according to data released today by RealtyTrac, an online seller of foreclosed properties.

There were 1.3 million bankruptcy filings in the year that ended on June 30, a 35% increase over the previous year's total of 967,831, the Administrative Office of U.S. Courts reported today.

The $648 million American First Credit, headquartered in La Habra, Calif., has made more than $14 million in loans to members to help them restructure existing mortgage loans in the face of possible delinquency.

Auto loan servicer Peak5 Financial, formerly Flatiron Financial and Centrix Financial, shut down its business on July 10.

The president/CEO of a large Michigan credit union has some advice on handling allowance for loan loss calculations: "use a 12-month rolling average instead of 36."