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MI Payday LoansThe legislation creates a Consumer Finance Protection Agency that would oversee consumer lending - mortgages, credit cards, payday loans and terms on savings accounts. It would take consumer regulation and enforcement powers away from bank regulators ... Read more
Highlights of Wall Street regulation bill - MinyanvilleMortgage brokers, payday lenders and other companies offering high-risk loans faced little regulation in the run-up to the mortgage and financial crises. Legislation to create a consumer financial protection agency is working its way through Congress ... Read more
Bailout watchdog: Crisis response worked, somewhat - MinyanvilleAs is so often the case, after last week’s serious financial jitters this one was spent waiting for US Non-Farm Payroll numbers (details below). The biggest loser was the Japanese yen, dropping from a multi-decade high of 84.82 to 89.90, no doubt ... Read more
Yen losses after NFP, no doubt to the relief of the authorities; - FXStreet.comRead more
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