MarketWatch web web Site Logo a hyperlink that brings you back into the website

MarketWatch web web Site Logo a hyperlink that brings you back into the website

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Brenda Woods didn’t wish to go and then leave the yard she had tended for 40 years. However the roof had been falling in. And her bank wouldn’t offer her and her spouse Larry that loan to purchase an alternative home.

Brenda’s nevertheless tending her garden, though, because of a second-chance loan through the brand brand New Hampshire Community Loan Fund-a Community developing standard bank (CDFI). It let the Woods exchange their property with a brand new, safe, affordable, energy-efficient manufactured house.

Almost 700 families financed houses through the Community Loan Fund, which won a $5.5 million honor through the Wells Fargo WFC, +2.48% NEXT Awards for Opportunity Finance. The prize had been for expansion of a revolutionary funding system for produced housing mortgage loans. The UPCOMING Awards recognize revolutionary CDFIs that responsibly serve low-income and low-wealth individuals and communities. Continue reading “MarketWatch web web Site Logo a hyperlink that brings you back into the website”

CFPB Should Leave Cash Advance Users Alone

CFPB Should Leave Cash Advance Users Alone

The customer Financial Protection Bureau (CFPB) is completing regulations that are new could fundamentally power down payday lenders, and there’s no indicator they’ll modification program. Some people in Congress have actually attempted to remain true when it comes to state-regulated type of the industry, nevertheless the tide is against them.

This past year, an advocacy team launched an advertising campaign throughout the Discovery Chanel’s Shark Week, painting the pay day loan industry as a lot of vicious predators. Continue reading “CFPB Should Leave Cash Advance Users Alone”