A new report finds that the vast majority of short-term payday loans—4 out of 5—are not paid off within 14 days and are rolled-over or renewed.» Read More
"The Profit" host Marcus Lemonis shares his opinions on General Motors CEO Mary Barra's handling of the recall investigations, as well as news San Francisco will lend up to $200,000 to first time home buyers.
Hayman Capital Management founder and managing partner Kyle Bass claims some of New York regulator Ben Lawsky's scrutiny on Nationstar is motivated by his political position in New York.
Hayman Capital Management founder and managing partner Kyle Bass provides insight into his firm's increased stake in Nationstar Mortgage, despite the company being under scrutiny by New York regulator Ben Lawsky.
Tim Sloan, Wells Fargo CFO, discusses what's driving loan demand now. We are optimistic about the spring selling season, says Sloan. And Jack Welch, Jack Welch Management Institute at Strayer University, shares his thoughts on retail space.
CNBC's Phil LeBeau reports the average auto loan is now averaging $27,430 according to Experian. The "Closing Bell" panel provides perspective on the data.
CNBC's Phil LeBeau reports the average auto loan is now at an all-time high.
One out of every five auto loans now is for at least six years in length, reports CNBC's Phil LeBeau. A look at record setting auto loan demand. "The Profit" host Marcus Lemonis, provides perspective.
Secretary of State John Kerry said the U.S. plans to provide $1 billion in loan guarantees and will consider direct assistance.
CNBC's John Harwood reports Secretary of State John Kerry says the U.S. is considering a $1 billion loan to Ukraine.
Michael Arougheti, CEO of Ares Capital, discusses the growing European non-bank lending market and says that non-bank lenders have "become the banks of today."
Loan modifications had a five year limit. CNBC's Diana Olick reports how the program helped or didn't help borrowers.
Discussing the business risks associated with subprime lending, with Edward Pinto, American Enterprise Institute, and Mark Calabria, Cato Institute.
CNBC's Kayla Tausche reports how careful Wells Fargo is being as it gets back into subprime lending. If these loans run into trouble, the consumer may be able to sue the bank for giving them the loan.
The biggest peer-to-peer lenders have been forced to slow down sophisticated investors from snapping up the most attractive loans. The FT reports.
Due to financial regulations, big banks are changing their rule on "deposit advances," loans against upcoming paychecks. CNBC's Kayla Tausche reports on the policy shift.
OW Bunker this week secured a $700 million credit facility to support its growth strategy in the highly fragmented industry, presenting Altor with an attractive window of opportunity for a listing that could give the business a value of $1 billion.
Andy Xie, Independent Economist, states that non-performing loans could see double-digit growth this year, with the majority originating in the trust industry.
MOSCOW, Nov 25- Debt-laden Russian miner Mechel has been granted a waiver on the terms of a $1 billion syndicated loan until the end of 2014, bringing relief in talks with its creditors that have unsettled investors.
Investors have poured over $20 billion into foreclosed properties over the last 3 years. Blackstone is about to offer bonds backed by the rent of its homes, reports CNBC's Diana Olick.
Loan limits at Fannie Mae and Freddie Mac will remain at $417,000 in general and $625,000 for higher-priced markets. CNBC's Diana Olick reports.