Hints and tips:
...It is not just rising base rates that are to blame: credit card companies have increased the margin they add on to a record high, the Consumer Financial Protection Bureau found last month....
...“2.0” version of so-called Brady bonds, which helped slow the 1980s Latin American debt crisis....
...Honestly, it’s a scandal that the Consumer Financial Protection Bureau should take on. The good news is companies and institutions are rethinking who needs a university degree....
...The US Consumer Financial Protection Bureau in 2017 sued Navient, which was previously part of Sallie Mae, the country’s student finance group, for “illegally cheat[ing] borrowers out of repayment rights...
...“If I think of the amount of pressure I’m under as a deposit taker and the care and attention I have to take when providing unsecured lending to younger people, it is staggering me that Klarna et al are...
...It has turbocharged existing trends such as low wages, shrinking labour markets and rising student debt....
...They’re being led there in part by rapid changes in consumer behaviour....
...How To Spend It reports on the new consumer priorities that are emerging out of the antiviral age....
...(NYT) News round-up Travelex for sale in latest blow to parent Finablr (FT) Hedge funds suffer worst quarterly outflows since financial crisis (FT) French markets regulator fines hedge fund Elliott €20m...
...The problem is only going to get worse as we move from a consumer liquidity crisis to a corporate solvency crisis, which will create a longer line of corporations in Washington hoping to get their share...
...Yes, the numbers are bigger, but the shock, while not a V is shorter and sharper than that crash, and the pre-crisis fiscal situation was strong....
...et al, with just $9bn on legacy oil and gas....
...Andrew Garthwaite et al at Credit Suisse has had a fiddle about with the model portfolio, resulting in insurers getting a push....
...The V-shaped recovery in consumer spending feels too bullish in our view....
...S&P Global Sector: FINANCIALS / HQ: NEW YORK, US Key stat: Investment-grade companies have issued more than $1tn of debt this year, a record....
...financial crisis, after Barclays and Lloyds admitted on Monday that the cost of compensating customers was much worse than expected....
...According to the US Consumer Finance Protection Bureau Office of Older Americans, the number of consumers aged 60 or older with this type of borrowing quadrupled between 2005 and 2015, mostly because they...
...Another is Mick Mulvaney, his budget director and acting head of the Consumer Financial Protection Bureau....
...Mick Mulvaney, installed by the White House as acting director of the Consumer Financial Protection Bureau, has signalled his readiness to reverse much of the work of an agency established under former President...
...Richard Cordray, director of the Consumer Financial Protection Bureau, told staff in a memo on Wednesday that he would leave by the end of the month — eight months before his term was due to expire....
...Since its inception in 2008, when the financial crisis flared up, the G20 has accomplished many useful things for stabilising the global financial system, for developing global trade and ensuring its stabilisation...
...Financial Protection Bureau is in the president’s sights, writes Edward Luce Sluggish growth will test voters’ endurance Economic distress and appetite for risk can often prime a nation for a turn to ideology...
...Indeed, as an expert at the Consumer Financial Protection Bureau recently pointed out to me, since 2008 we have basically swapped a housing debt bubble for a student loan bubble....
...In products such as credit cards and personal loans, for example, analysts say activity has been damped by fear of censure by the Consumer Financial Protection Bureau....
...Mr Cordray, 57, heads the Consumer Financial Protection Bureau, which was set up after the last financial crisis to stop customers being ripped off....
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