RadioShack's shares were up 21 percent at 96 cents in morning trading on the New York Stock Exchange. Standard General, which raised its stake in RadioShack to 9.8 percent from 7.08 percent to become the largest shareholder, said its proposals include purchasing the company's loans and other commitments under its credit facility.» Read More
According to the ABA, while bank credit card delinquencies are falling at rapid rates, defaults on other credit categories, like home equity loans, are increasing, reports CNBC's Kayla Tausche.
CNBC's Diane Olick talks with Sanjiv Das, CitiMortgage CEO about the NY Attorney General's suit against JPMorgan Chase and whether CitiMortgage to be hit with the same type of suit.
Are consumers getting their fair share of QE3? CNBC's Diane Olick talks with Sanjiv Das, CitiMortgage CEO about whether lending standards are still too strict.
Some payday lenders are "partnering" with Native American tribes to avoid interest rate caps, and one tribe, the Oglala Sioux tribe, didn't even know their name was being used by a lender, reports CNBC's Eamon Javers.
A little known loophole is letting some payday loan companies dodge state laws and charge interest rates much higher than the states would otherwise allow, a CNBC investigation has found.
Years into the so-called economic recovery, it remains difficult for small businesses to get bank loans. "I had great credit," says Allison O'Neill, founder of Bundle. "They were just like, we're not taking any risks on startups."
Indian corporates already under stress from a slowing economy cannot afford a credit ratings cut, which would raise their borrowing costs, further hurting profitability, Chanda Kochhar, CEO of the country’s second-largest lender ICICI Bank told CNBC.
Newlyweds can mutually protect their credit scores by keeping their finances unentangled.
Auto loans, particularly to buyers with credit scores of 679 or lower, are becoming easier to get as credit gets cheaper.
When fast-growing World Acceptance reports earnings on July 26, keep an eye on anything the company says about the government's newly formed Consumer Financial Protection Bureau (CFPB).
The thousands of community banks have often said their much larger counterparts have trampled on them. Now some hope the latest Wall Street scandal could give them ammunition to strike back.
Amid a recession and credit crunch, consumers and businesses are turning to pawn shops for a quick cash infusion, USA Today reports.
As the cost of college continues to rise, many students are finding even the Bank of Mom & Dad has tightened its lending practices.
Where do U.S. banks stand against their European peers? Jeff Harte, Sandler O'Neill principal, weighs in.
Nik Wallenda became the first man ever to walk directly across the Niagara Falls on a tightrope. The mayor of Niagara Falls, Paul Dyster, weighs in.
Mad Money host Jim Cramer discusses China's unexpected interest rate cut and explains why he "would rather be in Beijing listening to their Fed Chief than in Washington listen to ours."
A new survey by Citibank finds that 23 percent of small business owners have gone without pay for at least a year as they work to keep their businesses afloat in a tough economy.
The "Mad Money" host decides to break down the two possible worst-case scenarios investors he thinks the U.S. could face in 2012.
While Hispanic business leaders are trying to slow a nationwide drive toward stricter regulation of payday lenders, a new model, Progreso Financiero sees itself as a home-grown remedy for the credit drought in Hispanic communities, with fairer terms and stricter lending requirements.
Small businesses in states that were hit hardest by the collapse of the housing market — including Nevada, New Mexico and Florida — are having an especially hard time getting access to the capital they need to grow and hire.