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Payday lenders’ high-interest fees targeted

March 18, 2014 in Uncategorized

ST. PAUL — Payday lenders collected more than $82 million in fees from low- and middle-income Minnesotans between 1999 and 2012, according to a report released Tuesday by a group advocating new restrictions on the loans.
And the “wealth drain is…continue reading on dglobe.com

Payday lenders’ high-interest fees targeted

March 18, 2014 in Uncategorized

ST. PAUL — Payday lenders collected more than $82 million in fees from low- and middle-income Minnesotans between 1999 and 2012, according to a report released Tuesday by a group advocating new restrictions on the loans.
And the “wealth drain is…continue reading on dglobe.com

State and feds to announce mortgage settlement with large lenders

February 9, 2012 in West Central Tribune

WASHINGTON Federal officials say a deal has been reached between states and the nation’s biggest mortgage lenders over foreclosure abuses. Continue Reading

S&P downgrades credit ratings for fed lenders, farm lenders

August 8, 2011 in Grand Forks Herald

Standard & Poor’s Ratings Services today downgraded the credit ratings of Fannie Mae and Freddie Mac and other agencies linked to long-term U.S. debt.
The agency also lowered the ratings for: farm lenders; long-term U.S. government-backed debt issued by 32 banks and credit unions; and three major clearinghouses, which are used to execute trades of stocks, bonds and options. Continue Reading