Monthly Archives: September 2013

Fitch Releases Special Report on US Life Insurers’ Investment Portfolios

Posted by & filed under Commercial Loans.

CHICAGO Fitch Ratings today released a Special Report that examines the investment portfolios of US life insurance companies at year-end 2012. The results of the report are based on statutory information Fitch compiles annually from an investment survey of its universe of rated life insurance entities. Fitch estimates these results represent approximately two-thirds of the […]

Olens sues payday lenders

Posted by & filed under Payday Loans.

ATLANTA, GA (WALB) – Information from the GA Attorney General- On Friday, July 26, 2013, Attorney General Sam Olens filed a lawsuit against Martin A. Webb, Western Sky Financial, LLC (Western Sky) and CashCall, Inc. demanding that the payday lenders immediately cease doing business in Georgia. The Attorney Generals office alleges that the companies make […]

JPMorgan told to fix credit card practices, pay refunds

Posted by & filed under Credit.

WASHINGTON (Reuters) – US bank regulators on Thursday ordered JPMorgan Chase Co to correct its debt collection and other credit card procedures and to refund more than $300 million to customers harmed by the banks practices. In separate orders, regulators faulted the largest US bank by assets for errors in how it pursued credit-card debts […]

Greeks Needing Credit Ethos Weigh Home Repossessions

Posted by & filed under Credit.

Panagiota Kalapotharakou says she’s never seen such distress in her 25 years as a lawyer at the consumer-advocacy organization she helped to set up in Athens. “If you look outside, the people are in despair,” Kalapotharakou said of the line of visitors outside her office in the rundown neighborhood of Exarchia, where most of her […]

Easier car loans energise auto sector

Posted by & filed under Auto Loans.

SEP 12 – The automobile market has been energised in recent days with banks and financial institutions (BFIs) reducing interest rates on auto loans. In addition, BFIs have been offering a number of schemes to their customers on the occasion of the festival season which has led to a surge in vehicle sales. The auto […]

Company bosses using directors’ pensions to prop up firms

Posted by & filed under Commercial Loans.

Pensions are being mis-used by directors who are taking commercial loans from their pots to prop up their ailing companies, a study has found. There has been a rise in the number of poorly managed small pension schemes that are run by company directors, according to Investec Wealth amp; Investment. As well as loaning capital […]

SBI hikes rates; Home and auto loans to go up

Posted by & filed under Auto Loans.

Mumbai: The countrys largest lender, State Bank of India, today increased its base rate, or the minimum rate of lending, to 9.80 per cent, a day ahead of the RBIs policy review. State Bank of India has revised the base rate by 0.10 per cent from 9.70 per cent per annum to 9.80 per cent, […]