Predatory, High-Interest Lending Booms In CaliforniaPredatory, high-APR lending in California is booming. A state report found that most loans issued by non-bank financial companies between $2,500 and $5,000 had annual percentage rates of 100 percent or higher.
LendingClub Shares Plunge As Feds Open Probe Over Funding ConcernsShares of LendingClub are plunging after the U.S. Dept. of Justice opened an investigation and the company raised fresh concerns about funding.
Feds Offer Help To Crab Fishermen Affected By Long-Delayed SeasonHelp has arrived for local fishermen and other people, devastated by the long delay in the Dungeness crab season.
Mobile Banking Here To Stay As More Americans Get Comfortable Banking On The GoAn annual Federal Reserve survey found that in 2014, 39-percent of adults with mobile phones used their devices for banking, compared to 33-percent in 2013.
Lending Circles helping Borrowers Meet Financial GoalsA traditional form of peer-to-peer lending that’s been practiced in other countries for centuries is helping Californians meet their financial goals – and build credit at the same time.
Bay Area Bryman For-Profit Colleges Close With Little Notice To StudentsBryman College Monday closed BioHealth College in San Jose and its other for-profit colleges in Hayward, Los Angeles, San Francisco and San Jose, according to the California Bureau of Private Postsecondary Education.
Students Could Find Debt Relief In Program Expanded By President ObamaUp to 5 million Americans struggling to make their monthly student loan payments could find relief under a program President Barack Obama expanded Monday, part of an election-year push by Democrats to paint Republicans as blocking common-sense steps that could help the middle class.
Homeowners With Home Equity Lines Of Credit Could Face Ballooning Monthly PaymentsMillions of homeowners who took out Home Equity Lines of Credit during the housing boom are facing a looming deadline that could mean much larger monthly payments.
Advice For Successfully Getting A Small Business LoanEven during challenging times, a small business with a sound strategy can obtain a loan.
Richmond Demands Wells Fargo Drop Lawsuit Over Eminent Domain Mortgage PlanThe mayor of a financially struggling East Bay city and several supporters showed up unannounced Thursday at Wells Fargo Bank's headquarters to demand it drop a lawsuit fighting a novel plan to refinance hundreds of "underwater" mortgages.
Richmond Threatens Eminent Domain To Address Foreclosure CrisisThe city is the first in the country to take the step of threatening eminent domain to handle underwater mortgages.
Phil Matier: AC Transit Taking Big Loss On Home Of Former GMAC Transit foreclosed on the home in July, six months after former GM Rick Fernandez stopped making his loan payments.