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Tag Archives: borrowers

CFPB fines payday lender Cash Tyme for overcharging customers

The payday lender Cash Tyme overcharged customers and “harassed” their employers and family members to collect debts, according to a settlement with the Consumer Financial Protection Bureau announced Tuesday. The lender, based in New Albany, Ind., collected at least $21,800 that consumers did not owe and that resulted in overdraft …

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Challenges mount for mortgage lenders as shutdown persists

WASHINGTON — Although the partial government shutdown has not yet been long enough to significantly hamper the mortgage market, lenders and borrowers may already be feeling the strain. The Federal Housing Administration has continued to process government-backed loans during the shutdown, but with the mortgage insurance agency operating with just …

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Ameritech Financial: Some Student Loan Borrowers Leaving Behind …

ROHNERT PARK, Calif., Nov. 5, 2018 /PRNewswire/ — Student loan debt isn’t just pushing borrowers into economic and emotional despair; it is driving some out of the country. At least a small number of former college students with student loan debt are leaving the U.S. after running into trouble with repayment. Though …

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