topic-04006000 News Coverage on Financial and Business Services - CTNow
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Financial and Business Services

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  • Payday lenders warn that proposed new rules could hurt consumers

    Payday lenders warn that proposed new rules could hurt consumers
    Payday lenders complained loudly that tough new federal regulations proposed for their industry would force many operators to shut down and leave cash-strapped consumers with fewer options for getting short-term loans.
  • Former treasurer's guilty plea beefs up opposing sides' positions

    Both critics and supporters of the Lyons Township School Treasurer's Office say the former treasurer's guilty plea bolsters their respective cases in pending legal and legislative action. Robert Healy, 56, of LaGrange Highlands, entered a guilty plea...

    How gov't aims to protect low-income users of 'payday' loans

    Each month, more than 200,000 needy U.S. households take out what's advertised as a brief loan. Many have run out of money between paychecks. So they obtain a "payday" loan to tide them over. Problem is, such loans can often bury them in fees and debts....

    Average US rate on 30-year mortgage falls to 3.69 percent

    Average long-term U.S. mortgage rates fell this week for a second straight week, edging closer to historically low levels at the start of the spring home-buying season. Mortgage giant Freddie Mac said Thursday the national average for a 30-year fixed-...

    Couple face foreclosure on home they sold in 1994

    Couple face foreclosure on home they sold in 1994
    A recent knock on the door of Sheridon and Susan Turner's suburban home delivered news that shocked the elderly couple: Wells Fargo was suing them for foreclosure on a home they sold 21 years ago. The Turners sold the house on Hidden Lake Drive in...