Lenders, lawmakers battle over risk retention rules

Apr 20, 2011 Brian Bradley

Lenders, lawmakers battle over risk retention rules

Banking industry representatives are pushing back against proposed risk retention rules that seek to make standards stricter for lending firms.The representatives contend that the rules would constrict credit and make it more difficult for


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SEC charges auto lender with fraud

Apr 20, 2011 Brian Bradley

SEC charges auto lender with fraud

A Massachusetts auto lender, along with three of its top executives, was recently charged with defrauding its investors of $110 million.Inofin, a now-bankrupt subprime auto lender in Rockland, Massachusetts, allegedly misled investors located


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Enhanced airline identity verification program to begin later this year

Apr 20, 2011 Brian Bradley

Transportation Security Administration (TSA) administrator John S. Pistole recently approved testing for an enhanced airline crewmember screening system.The new technology will work by seamlessly merging airline employee databases together


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Minnesota county targeted by fraudulent debt collector

Apr 19, 2011 Kyle Duncan

Minnesota county targeted by fraudulent debt collector

A debt collection scam has been uncovered in Nobles County, Minnesota, after county attorney Gordon Moore began to receive reports that someone claiming to be from his office had been calling county residents and demanding immediate payments,


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Short term lending limits proposed in Missouri

Apr 19, 2011 Todd Milner

Missouri lawmakers have advanced a bill that would reduce the number of times consumers in the state can renew a short-term loan to three.The state House of Representatives voted 99 to 57 in support of the short term loan bill that also establishes


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