-
Article by David Olsson, Xiuli Zhao and Tracy Chan
China's consumers will soon have access to additional sources of consumer finance for household i...
-
...522220. Sales Financing. 522291. Consumer Lending. INDUSTRY SNAPSHOT. "Credit" is derived fr...Because it is impossible for most companies to determine how their credit applicants are ranke...
-
Article by David Olsson and Tracy Chan Originally Published 25th May 2009
China plans to introduce a pilot scheme allowing the establishment of dome...
-
Vote ignores strong opposition from military, state officials, consumer advocates
DURHAM, N.C., June 3, 2011 /PRNewswire-USNewswire/ -- A North Carolina bill that would significantly increase the interest rates of loans made by consumer finance companies like CitiFinancial and American General narrowly passed the House of Representatives yesterday evening by a vote of 61-54. The vote on House Bill 810 came despite a broad coalition opposing the effort to raise interest rates on consumer loans that included North Carolina military base commanders, the state's Governor and Attorney General, consumer groups and civil rights leaders across the state.
-
In an interview, David Bequeaith, head of Bequeaith Banking Solutions, and associate Lindsay LaNore, talked about what's next in bank compliance and what they can do about it. Bequeaith said for the first time, nonbanks such as mortgage lenders and consumer finance companies will have to face the same regulatory scrutiny as community banks. The board and management have to recognize the challenge and support a culture that encourages compliance. Compliance officers must recognize that most likely they will have to formalize many of the bank's procedures and control steps that are largely informal. Bank leaders need to determine where they want to compete and then support the compliance functions' efforts to make them compliant, not the other way around, says LaNore. The board and CEO ne...
-
DUBLIN -- Research and Markets (http://www.researchandmarkets.com/research/396b32/consumer_finance) has announced the addition of the "Consumer Financ...
-
SPRINGFIELD - Gov. Pat Quinn signed legislation Monday aimed at reining in high interest rates charged by payday lenders.
Under the measure taking effect in April 2011, interest rates charged by consumer finance companies would be capped at 99 percent.
-
NEW YORK (Reuters) - Citigroup's attempts to sell its CitiFinancial unit have hit a stumbling block as potential bidders remain uncertain about the unit's funding as a standalone business, the Financial Times, citing people familiar with the matter.
CitiFinancial, one of the largest U.S. consumer finance companies, was put up for sale as Citigroup tightened its focus on wealthier, more credit-worthy clients.
-
Monte Fried, a partner in Wright, Constable & Skeen, of Baltimore and Towson, has been elected to the board of directors of The Harmonie Group for a two-year term. The Harmonie Group is a national network of independent law firms that provide defense services to corporations, third party administrators, insurance companies, risk retention groups, and captives. WC&S has been a member of The Harmonie Group for 15 years. Fried's practice concentration is in employment and labor law, health care law, and litigation.
Glenn Cline, an associate in the Baltimore office of Ballard Spahr, has been elected to the board of directors of the Columbia Orchestra. Cline is a member of the law firm's complex commercial litigation, consumer financial services, and product liability and mass tort groups. H...
-
Business Editors
NEW YORK--(BUSINESS WIRE)--April 24, 2003
Fitch Ratings is maintaining its negative rating outlook on U.S. consumer finance compa...