Hundreds of Billions in New Lending on the Table at Cote d’Ivoire Gathering (tags)
World Development Banks Meet for Third Annual Summit
Consumer Bank and Credit Card Rule Under Threat (tags)
On Thursday, Members of Congress took aim at a new banking and lending rule from the Consumer Financial Protection Bureau.
Consumer Protection Bureau Unveils New "Payday" Lending Rules (tags)
The Consumer Financial Protection Bureau releases new rules governing "payday" lending - high interest loans that impact low-income communities.
Report Questions Florida Payday Lending Rules (tags)
A new report by the Center for Responsible Lending says “payday” lending fees cost Florida residents $2.5 billion over the past decade.
Pope Francis Calls for UN to Address "Oppressive" Lending (tags)
Misguided Calls for More QE (tags)
QE
CFPB Fines Predatory Student Lending Practices; Religious Organizations Pray for Relief (tags)
Synagogues and churches held prayer services for students as the Consumer Financial Protection Bureau fined Discover Bank $18.5 million for illegal student lending practices. The bank must repay students $16 million, pay a $2.5 million civil penalty and reform its lending practices. The Bureau accused Discover of overstating the minimum amount due in billing statements, misrepresenting students' total interest payments and engaging in illegal debt collection practices. The penalty is the first of its kind by the Bureau against a student loan company. "This fine sends a strong message to companies that take advantage of students," said Eric LeCompte, executive director of the religious anti-poverty coalition Jubilee USA Network, which advocates for responsible student lending policies. "Predatory lending traps students in debt." This past weekend, 64 faith communities from 26 states prayed and acted for fair student lending policies as part of Jubilee USA's national interfaith "Jubilee for Students" prayer event. In 2012 and 2013, the event pushed congressional legislation to stop federal student loan interest rate increases.
IMF Secures Windfall Gold Sales Profits for Concessional Lending to Low-Income Nations (tags)
On October 10, 2013, the International Monetary Fund announced that member countries have approved their commitment to fund the Poverty Reduction and Growth Trust (PRGT) for concessional lending. Financing comes from windfall profits made from the IMF selling part of their gold reserves that currently totals $3.4 billion. Currently, the IMF provides zero-interest financing to low-income nations through this fund.
Declaring Syria Regime Illegitimate Sends Strong Human Rights Message and Exposes Lenders (tags)
Over the last year, a religious antipoverty organization has met with U.S. Treasury and White House officials to encourage them to declare the Syrian government of President Bashar al-Assad an illegitimate government. This action would impose restrictions on lending to Syria that supports its military or the needs of the Assad regime. When governments or financial institutions make this declaration it lets lenders know that if they lend to Syria they may not receive a return on their investment. Types of lending and financing that could be affected are arms contracts with Russia and oil investment from Iran.
Norwegian Audit Finds Loans to Developing Countries Don’t Follow New Lending Standards (tags)
Payday Loans: Modern Day Usury (tags)
usury
Irrational Draghi Exuberance (tags)
class war
GREAT CLUE THAT THE GEORGE BUSH JR ~ KARL ROVE TARP THEFT REALLY WAS WELL PLANNED OUT !!! (tags)
ADD THIS ARTICLE ALSO 2 YOUR BUSH JR ~ KARL ROVE PONZI TARP FILES...little ripped~off American taxpayers !!!
Was the Prez Obama bribed by AIG ? (tags)
see this informative article about the meltdown, the 25 main cheating money grabbers, and how much AIG, a huge bailer outed had contributed to Obama's recent campaign in 2008 =see http://www.publicintegrity.org/investigations/economic_meltdown/assets/img/Chart5-fullsize.jpg
Fed Defies Transparency On Bailout Monies: Refuses to Disclose (tags)
By Mark Pittman, Bob Ivry and Alison Fitzgerald Nov. 10 (Bloomberg) -- The Federal Reserve is refusing to identify the recipients of almost $2 trillion of emergency loans from American taxpayers or the troubled assets the central bank is accepting as collateral.
European Central Bank pumps $500 bn into banking system (tags)
TO SUCCEED over the global credit crunch in aftermath of sub-prime crisis, the European Central Bank (ECB) has announced to grant a record double loan to its banks. The ECB has decided to pump 348.6 billion euros ($501.5 billion) into the banking system through its banks. Though lending to banks at 4.21% rate of interest is available only for two weeks, it is expected that the grant will boost the diminishing confidence of the bank.
A Generalized Meltdown of Financial Institutions (tags)
By Mike Whitney 11/24/07 "ICH" -- - Reality has finally caught up to the stock market. The American consumer is underwater, the banks are buried in dept, and the housing market is in terminal distress. The Dow is now below its 200-Day Moving Average -- the first big "sell" signal. Anything below 12,500 could trigger program-trading and crash the market. The increased volatility suggests that we are watching a "real time" meltdown.
Imperial wars and genocide, Petrodollar Recycling System and meltdown of financial world (tags)
Imperial wars, crimes and genocide, Petrodollar Recycling System and meltdown of financial world order. Articles, analysis and video documentary
Alexander: US Government Should Protect Homeowners (tags)
Stewart A. Alexander, a presidential hopeful with Peace and Freedom Party and Social Party USA, says President Bush and Congress could do more to protect homeowners during this nationwide home mortgage crisis. Alexander has ruled out a federal bail-out of mortgage lenders and believes homeowners need federal protection; he is introducing several steps to ease this national crisis.
Subprime warning signals ignored? (tags)
Regulators passed over chances to curb abuses. "The music has stopped. The people without a chair are going under."
Protests at IMF/World Bank Spring Meetings – a Prelude to October (tags)
News roundup of protests at IMF/World Bank spring meetings in April - and onward to October!
Million Person,Critical Mass March against UN Nuclear Agency! (tags)
...condemn and disenfranchise its fradulent authority from lending any justification what-so-ever to Bush's genocidal Iran war plans!
A Second Lender Stands Up (tags)
Another Lending Institution Stands Up to Developers Seeking To Use Eminent Domain to Sieze Peoples' Homes
Foreign aid, foreign disaster (tags)
Be it bilateral or multilateral, dispensed directly from a government or through an international lending agency, foreign aid embodies all the failures and tragedies that have come to typify our government-run domestic poverty schemes.
Urgent: Calif. to Vote on Predatory Lending (tags)
The state Leg will vote this week on a bill to ban predatory lending -- abusive mortgage lending that devastates low-income families and neighborhoods. Many Assembly Members' votes are undecided.
Calif. Set to Vote on Predatory Lending (tags)
The state Legilsature will vote this week on whether to ban abusive lending that devastates low-income communities. Lending companies are lobbying to stop the bill. Many Assembly Members are undecided.