Borrowers told to lie about wages
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People applying for sub-prime mortgages are being advised to lie about their incomes, the BBC has learned.
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The homeowners who signed these mortgages must be held accountable somehow ("State to refinance troubled mortgages," July 11). Yes, the mortgage companies may have taken advantage, but if the homeowners had hired an attorney or did their homework, there wouldn't be a problem. This is like rewarding stupidity.
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Under pressure from lawmakers and consumer groups, the payday lending industry yesterday disclosed changes to educate borrowers and help customers who have trouble making payments on short-term loans.
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The Fed unveils guidance for lenders that asks them to work with borrowers to avoid defaults.
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Managers who give false or misleading information about their companies that hurts investors could be forced to pay up to four years' salary in penalties under a proposed German law, officials said Wednesday.
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If you're angling for a raise or hunting for a better-paying job, chances are you've wondered what your peers are earning. Salary Web sites claim to tell you just that, but whether or not you're getting a clear picture of the money depends on who you ask.
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By KEVIN G. DeMARRAIS, STAFF WRITER  The Federal Trade Commission warned consumers Wednesday about a scam targeting families of military members.  A caller claiming to work for the Red Cross notifies an individual that a family member has been injured while on duty.
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An official of the Securities and Exchange Commission said Wednesday a review had found that the firm had violated accounting rules and that he had told the mortgage giant to restate its earnings.
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James Early shows how earnings can deceive.
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Accredited Home Lenders, a top subprime mortgage loan company in 2007 whose risky practices forced it to stop lending and slash its staff, is again reaching out to borrowers with sketchy credit even as the housing downturn deepens.
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Claims 'deceit, negligent misrepresentation' over CRM deal
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Top bankers warn that many lenders are letting their standards slip and making imprudent loans.
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Banks fail to tell their customers exactly what their overdraft charges are for, says the OFT
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Charging people steep rates to borrow may not be so heinous.
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A housing charity warns that thousands of homeowners are struggling to repay their mortgages.
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Hundreds of thousands of people are wrongly told they have a gap in their tax records that could affect their pension.
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The minimum wage rate has increased, but many people in the UK do not get the right amount for their work.