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Student, auto loans boost consumer borrowing
WASHINGTON — Consumer borrowing rose in October by the largest amount in more than two years, led by a big rise in the category that includes student loans. The Federal […]
FDIC says list of ‘problem’ banks grows in Q3
WASHINGTON — The number of banks on the Federal Deposit Insurance Corp.’s “problem” list grew over the summer, even as the industry posted solid net income and fewer loans soured. […]
Smith Haynes & Watson’s license suspended
A collection company hired by payday loan firms was suspended by state regulators Monday because the loans were given by unlicensed companies who violated state usury laws. The Maryland Collection […]
Williams: Make a plan before paying down your debt
As Americans become more conscious about the damage debt can do to their finances, there’s always a question of whether it makes sense to pay down first mortgages and home […]
Wells Fargo to pay Citigroup $100M to settle Wachovia lawsuit
NEW YORK — Wells Fargo has agreed to pay $100 million to Citigroup to settle all claims in a dispute related to its 2008 acquisition of Wachovia Corp. Wachovia nearly […]
Mortgage rates fall to fresh lows this week
NEW YORK — Rates on fixed mortgages dropped to their lowest levels in decades this week after the Federal Reserve unveiled a massive bond-buying program to help spur economic growth. […]
Mortgage application volume rises last week
NEW YORK — Applications for mortgages to buy homes rose last week for the third straight week. The Mortgage Bankers Association said Wednesday overall applications increased 5.8 percent from a […]
Living Cities aims to create jobs and hope for Baltimore
We’ve got good news, Baltimore. Living Cities, a collaborative of 22 of the world’s largest foundations and financial institutions, announced last week that Baltimore is one of five cities selected […]
State to get $23M for small business loans
Maryland will receive $23 million for its small business loan guarantee program from a federal jobs bill signed last week, the state and U.S. Treasury will announce Friday. “Innovative local […]
AIG repaying nearly $4 billion in federal loans
NEW YORK — American International Group Inc. says it is repaying nearly $4 billion in federal bailout loans. The insurer said Monday it will pay back the taxpayer-funded loans with […]
