Is it possible to be too enthusiastic about becoming an entrepreneur? Just ask Luis Soto. A self-described "Hyper person," Luis was eager to start a new business that would provide customers with small, short-term loans. The idea was so good, Luis decided to start out with two stores and grow...
The Retail Loan Originations Officer job description template includes the following job summary: To oversee the origination of direct loan products to ensure appropriate customer service levels and loan quality in line with the bank's consumer loan policies and procedures. Additional information available includes essential job functions, additional responsibilities, and...
The Retail Lending Operations Clerk job description template includes the following job summary: To perform administrative and clerical duties inherent in the processing of approved loans from receipt to entry in the consumer loan database. Additional information available includes essential job functions, additional responsibilities, and education and experience requirements.
This paper explores the significance of unobservable default risk in mortgage and automobile loan markets. It develops and estimates a two-period model that allows for heterogeneous forms of simultaneous adverse selection and moral hazard. Controlling for income levels, loan size and risk aversion, It finds robust evidence of adverse selection,...
The article talks about the bill that was ultimately signed into law and was substantially revamped (and is in many respects similar to the Homeowners Equity Protection Act HOEPA), and was itself later amended by California Assembly Bill 344. California has now joined the growing national movement to restrict certain...
The recent wave of bank mergers has raised concern with its effect on competition. This paper examines the influence of concentration and merger activity on consumer loan interest rates. It uses Bank Rate Monitor, Inc. survey data on loan rates quoted weekly by large commercial banks in ten major U.S....
This paper investigate the empirical significance of borrowing constraints in the market for consumer loans. This paper set up a theoretical model of consumer loan demand, which in the presence of credit rationing implies restrictions on the elasticities of loan demand with respect to the interest rate and the maturity...
From Innovative Business Loans to Breakthrough Consumer Products, e3bank Will Grow the Sustainable Economy MALVERN, Pa. -- Chairman Sandy Wiggins and President/CEO Frank Baldassarre today announced the formation of e3bank in organization. The financial institution is believed to be the first green triple bottom line bank on the...
LOS ANGELES, July 14 /PRNewswire/ -- AJ Consumer Watch was founded by Alan Jablonski, a prominent Southern California consumer rights attorney and California mortgage broker. His soon to be published book "Successfully Navigating the Mortgage Maze" due out in late July gives consumers a complete understanding of the...
Nomis Price OptimizerTM License Agreement Renewed Based on Four Years of Achieved Benefits LONDON, and SAN BRUNO, Calif., July 14 /PRNewswire/ -- Nomis Solutions, the leader in pricing optimization for banking and finance, announced today that HBOS has renewed its license of the Nomis Price OptimizerTM. ...
Company's Landmark Securitization Reopens Private Student Loan ABS Market NEW YORK, July 14 /PRNewswire-FirstCall/ -- MRU Holdings, Inc. , a specialty finance company that provides private student loans through its consumer brand MyRichUncleR and its relationships with private label partners, today announced that on July 10th it...
HUNTINGTON WOODS, Mich., July 14 /PRNewswire/ -- Mike Semanco, President of Hennessey Capital and the 2008 Michigan SBA Financial Services Champion of the Year, is seeing more downsized employees pursue their entrepreneurial dreams. But he cautions that would-be entrepreneurs set themselves up for failure if they don't do their...
WASHINGTON AFP — The US Federal Reserve on Monday tightened home mortgage lending in a bid to improve consumer protection from practices blamed in part for the worst US real-estate crisis in decades. The Fed said its board of governors approved rules for home mortgage loans "to better...
PROPERTY As fixed mortgages become too expensive, borrowers have been turning to variable deals - where high arrangement fees lurk. By Laura Howard The rising cost of mortgage rates has hardly been out of the headlines in recent months but a more punishing measure of inflation for...
TOKYO AFP — Japan's Shinsei Bank said Friday it had agreed to buy US giant General Electric's Japanese consumer finance arm for 580 billion yen (5.4 billion dollars) in a major push into the troubled sector. Shinsei, a mid-sized lender that is about one-third owned by US buyout...
Proposed transaction is in line with objective to redeploy capital for higher returns TOKYO -- GE Money, the consumer financial services unit of the General Electric Company (NYSE: GE), announced today it has signed an agreement to sell its Japanese consumer finance business, which includes the Lake personal...
ENERGY RESOURCE-11 July 2008-New Pennsylvania Fund Aims to Help Families Save on Energy CostsC2008 JeraOne - http://www.jeraone.com Pennsylvania Governor Edward G. Rendell has signed into law a new fund that will save families and small businesses money on their energy bills by supporting investments in energy conservation and...
Consumers Could Save $28 Billion a Year in Lower Credit Card Finance Charges If They Improved Credit Scores by 30 Points WASHINGTON -- Although consumer understanding of credit scores has improved over the past year, it remains poor, according to the latest credit score survey commissioned by the...
SOUTHAMPTON, Pa. -- Quaint Oak Bancorp, Inc. (OTCBB:QNTO) (the "Company"), the holding company for Quaint Oak Bank (the "Bank"), announced today that its Board of Directors at their meeting on July 9, 2008 declared a quarterly cash dividend of $.025 per share on the common stock of the Company payable...
SAN DIEGO, July 10 /PRNewswire-FirstCall/ -- Frontera Investment, Inc. (Pink Sheets: FRNV), announced today that its second quarter revenues ended June 30, 2008 totaled $1,678,000, a 9.4% increase over its first quarter revenues of $1,533,900. Frontera utilizes advanced technology to offer competitive prices on a wide range...
