Hard money lenders typically offer “asset-backed” loans that come with a higher interest rate, possible prepayment penalty, and shorter terms

May 6th, 2022 § 0 comments § permalink

The Dodd-Frank Wall Street Reform and Consumer Protection Act was signed into law by President Obama in 2010 as a response to the financial crisis and recession. The act was intended to provide consumers with financial protections and other safeguards against predatory mortgage lenders, pay day lenders, banks, and credit card companies.

However, the primary reason Congress passed the law was to monitor and regulate the financial markets more closely. The Consumer Financial Protection Bureau (CFPB), a financial oversight, and investigative body that monitors mortgage lenders, was born out of Dodd-Frank. » Read the rest of this entry «

Where Am I?

You are currently browsing the fast auto title loans category at gdickinson.co.uk.