Smart Borrower Blog

Archive for September, 2014

CFPB To Expand Oversight in Auto Lending Industry

Sep 24th, 2014 @ 7:20 PM by Amber Nelson

The Consumer Finance Protection Bureau released a proposal on Wednesday announcing plans to extend its oversight to nonbank auto finance companies in the U.S. Previously these companies, like those owned by auto manufacturers Toyota and Ford, had no federal supervision. “Many people depend on auto financing to pay for the car they need to get […]

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Big Banks See Benefit of Small Business Loans

Sep 17th, 2014 @ 7:39 PM by Amber Nelson

For the third straight month, the nation’s largest banks have approved small business loans at a record high rate, according to Biz2Credit.com. This is great news for U.S. entrepreneurs who have seen icy business credit conditions since the Great Recession. The Biz2Credit Small Business Lending Index – from a survey of 1,000 small business loan […]

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Student Loan Debt Spikes 84 Percent Since Recession

Sep 10th, 2014 @ 8:53 PM by Amber Nelson

The total amount of student loan debt held by Americans hit a new high recently, according to credit bureau Experian, and that debt is affecting both young and old. Americans now carry a total of $1.2 trillion in college debt, an all-time high and an 84 percent increase since the Great Recession. That debt burden […]

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Fannie Mae Rethinks 2014 Housing Forecast

Sep 3rd, 2014 @ 7:57 PM by Amber Nelson

Mortgage finance company Fannie Mae downgraded its 2014 and 2015 predictions in August for the U.S. housing market, forecasting less rosy outcomes based on the year’s lackluster performance so far. Compared with its July forecast, the Fannie Mae August forecast reduced its expectations for new single-family home sales by 11 percent to 431,000 for the […]

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