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Lending In the News

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The Last Temptation of Plastic

Date: 2008-12-06 The New York Times Was that a layaway sign I saw? For the last two decades, layaway has been a relic, a vestige of a

Debt Watchdogs: Tamed or Caught Napping?

Date: 2008-12-06 The New York Times “These errors make us look either incompetent at

Washington’s New Tack: Helping Homeowners

Date: 2008-12-04 The New York Times WASHINGTON — After pouring vast amounts of money into financial

Credit card companies to pare lending

Date: 2008-12-02 Analyst cites rising consumer defaults for pullback of $2t Boston Globe NEW YORK - Credit card companies will reduce lending by more than $2

Support for consumer lending could curb predatory practices

Date: 2008-11-28 USA Today The federal government's $200 billion plan to

U.S. Consumer Loan Aid Will Trickle Only So Far

Date: 2008-11-26 The New York Times If you’re buying a home, refinancing a mortgage or seeking an auto or student loan, the new government plans to make borrowing cheaper and easier sound like a gift. One problem, however, is that whole categories of people may be

Consumers Union Says Federal Government Should Set Standards to Protect Consumers Before Buying Any Securitized Credit Card Debt

Date: 2008-11-26 Market Watch /PRNewswire-USNewswire via

Consumer relief could take months under Fed plan

Date: 2008-11-26 By Juan Lagorio - Analysis

Fighting the Financial Crisis, One Challenge at a Time

Date: 2008-11-18 The New York Times WE are going through a financial crisis more severe and unpredictable than any in our lifetimes. We have seen the failures, or the equivalent of failures, of Bear Stearns, IndyMac, Lehman Brothers, Washington Mutual, Wachovia, Fannie Mae, Freddie Mac and the American International Group.

Less Power to Purchase Consumers' Credit Card Limits Slashed as Companies Try to Reduce Risk

Date: 2008-11-16 The Washington Post

A Rescue Plan Without Taxpayer Money

Date: 2008-11-15 The New York Times HELLO, taxpayers. Worried about the fate of the $350 billion that the

Downturn Drags More Consumers Into Bankruptcy

Date: 2008-11-15 The New York Times The economy’s deep troubles are pushing a growing number of already

A Risk Worth Taking Many ethical subprime lenders still manage to make plenty of money.

Date: 2008-11-15 Newsweek In recent months, conservative economists and editorialists have

F.D.I.C. Offers Plan to Stem Foreclosures

Date: 2008-11-14 The New York Times WASHINGTON (AP) — Breaking with the Bush administration’s position, the Federal Deposit Insurance Corporation proposed Friday to use $24 billion in government financing to help 1.5 million American households avoid foreclosure.

Facing Crisis, Congress Makes Sense

Date: 2008-11-14 The New York Times Congress has an endless capacity to disappoint. A scandal erupts, and

Negotiating Better Terms for Mortgage

Date: 2008-11-11 The New York Times You don’t need to be behind on your mortgage payments to ask for a better deal from your bank. Surprised? It’s easy to see why. The government’s announcement on Tuesday that Fannie Mae and Freddie Mac

White House Scales Back a Mortgage Relief Plan

Date: 2008-11-11 The New York Times WASHINGTON — The Bush administration is backing away from proposals to

Citigroup Offers to Ease Mortgage Terms

Date: 2008-11-10 The New York Times Citigroup

Number of credit card offers dives amid financial crisis

Date: 2008-11-06 Reuters NEW YORK - The number of credit card offers sent

Issue 5: Ohio voters pass payday lending legislation

Date: 2008-11-05 The Lantern After heated campaigns by committees on both sides of the issue, Ohio

A Rescue Hindered by Politics

Date: 2008-11-04 The New York Times Plans. Have I ever been inundated with plans. Deluged with them, actually. Two weeks ago in this space, I trumpeted an idea to help struggling

Another Student Loan Company Settles With New York

Date: 2008-11-02 The New York Times Goal Financial is the latest student loan

Was There a Loan It Didn’t Like?

Date: 2008-11-01 The New York Times AS a senior mortgage underwriter, Keysha Cooper was proud of her

Families paying credit card bills, skipping mortgages

Date: 2008-11-01 The Seattle Times Many homeowners who have had

Mortgage Justice Is Blind

Date: 2008-10-31 The New York Times THE current American economic crisis, which began with a housing

JPMorgan Expands Loan Modification Plan

Date: 2008-10-31 The New York Times JPMorgan Chase & Company,

Finance Crisis Hits Credit Card Business

Date: 2008-10-31 Washington Post The financial crisis appears to be spreading to the credit-card business.

Mortgage Plan May Aid Many and Irk Others

Date: 2008-10-30 The New York Times As the Treasury Department prepares a $40 billion program to help

Consumer Reports Survey Finds One-Third of Americans Say They Are Worse Off Financially Than a Year Ago

Date: 2008-10-30 MarketWatch

Consumers Feel the Next Crisis: It’s Credit Cards

Date: 2008-10-28 The New York Times First came the mortgage crisis. Now comes the credit card crisis. After years of flooding Americans with credit card offers and

Americans for Fairness in Lending (AFFIL) and Americans for Financial Reform (AFR) are partnering to reform the nation's lending industry and financial system to protect Americans' neighborhoods, homes and pocketbooks.

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