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Bankruptcy Filings at Lowest Level Since 1986

It has not been since 1986 that so few Americans have filed for bankruptcy. Legal services firm Epiq recently released both its December 2020 and annual bankruptcy filing statistics from its bankruptcy information services business, AACER—it showed 2020 had the ...

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Homes in Large Cities Are Less Affordable Than Ever

money, house, affordable, housing, buying

The American Dream of homeownership is becoming more cost-prohibitive than ever, especially in the country's largest and most in-demand cities, according to Point2. And the researchers there don't expect the situation to improve anytime soon. While mortgage rates have been historically low, ...

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CFBP Issues Advice on Special Purpose Credit Programs

The Consumer Financial Protection Bureau (CPFB) issued an advisory opinion related to perceived regulatory uncertainties tied to Regulation B, which implements the Equal Credit Opportunity Act (ECOA) as it applies to certain aspects of special-purpose credit programs (SPCPs). The ECOA ...

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