Federal Reserve says lending still too tight

Since the end of the recent economic downturn, credit conditions nationwide have been improving rapidly, but even as other lenders have broadened the standards they require for borrowers to qualify, mortgage financing has still been restricted. Despite record low interest rates, improving credit conditions, and sky-high housing affordability, many mortgage lenders are still being extremely […]

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CFPB issues more guidance on mortgage servicing for servicemembers

Earlier this week, the federal watchdog tasked with protecting consumers from misleading and predatory lending tactics issued more guidance designed to help military servicemembers avoid excess charges when changing stations. The federal Consumer Financial Protection Bureau, in association with a number of other regulators, recently issued some additional guidance to mortgage servicing companies with regard […]

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Study determines which rewards cards are most beneficial

Many consumers do a lot of research to determine which credit cards will work best for them and help earn the most possible rewards for their normal spending habits, but new research shows which cards might be best for the average person. The Capital One Cash Rewards card that comes with a $100 cash back […]

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Credit card charge offs increased in April

Even as many consumers are still getting their finances back in order and reducing the frequency with which they fell behind on their credit card payments, they saw the rate at which major lenders wrote off extremely delinquent balances rise in April. Credit card charge offs rose for the first time in 2012 during the […]

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Consumers continue to reduce their late credit card payments

For some time, experts have speculated that the time at which consumers must logically start making more late payments into their various lines of credit must come in the near future, but once again in May, borrowers showed that they were still eager to pay their bills on time and in full. Instances of delinquency […]

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Citi will broaden rewards programs by year’s end

One of the nation's top credit card lenders recently revealed that it would be expanding its rewards programs significantly by the end of the year in an effort to court more borrowers with better deals and redemption options. Citi recently reached a partnership with the ticket website Live Nation, which will allow users of its […]

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Top six ways to get a good credit score

Often, consumers are quite aware that their credit score is very important in helping to determine a number of aspects in their financial lives, but may not be sure how to go about maintaining a healthy one. Fortunately, it can be easy for borrowers to stay in good standing if they are diligent and committed […]

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Apple reveals potential for mobile payments system

There has been a lot of talk in recent months about the potential for Apple to introduce its own mobile payments platform. While there has been little in the way of information about that system, the company recently revealed the power it might have when it launches. Apple's iPhone is one of the most popular […]

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Consumers, businesses not yet prepared for full mobile wallet adoption

Many businesses have been pouring significant amounts of money into the development of mobile wallet systems designed to make credit card purchases using mobile phones easier for consumers to complete, but widespread adoption could still be problematic. As it stands right now, there is very little to convince experts that consumers or businesses are fully […]

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Credit and debit are now tops for some payments

Consumers' attitudes toward spending have been changing significantly in the last few years for a number of reasons, and now credit and debit purchases have surpassed cash as the most common payment method among retailers. These days, millions of consumers are relying more often on the convenience of credit and debit cards to make purchases, […]

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