Tag Archives: Deceptive Lending

New Agency to Crackdown on Deceptive Lending

The Obama administration is set to create an agency to help consumers safeguard against deceptive lending practices, according to a Treasury document. Later this week, the Consumer Financial Protection Agency is set to initiate an overhaul of the financial regulations allowing them the authority to create rules for banks and non-bank companies on how to manage and inspect for compliance, as well as issue fines and penalties.… more