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Latest in Loans & Lending
Wells Fargo CARES Act settlement checks mailed to California borrowers go void 90 days after they are issued
Wells Fargo settlement checks for California mortgage borrowers go void 90 days after they are issued. The $56.85 million CARES Act settlement pays eligible borrowers...
Bright Lending borrowers must choose by December 21 between taking debt cancellation and cash or keeping the right to sue
Borrowers covered by the Bright Lending class settlement have until December 21, 2026, to decide whether to stay in or leave. Staying in brings debt...
The average credit score held at 714 while recent student-loan delinquents lost 38 points on average
The average FICO Score in the United States held at 714, flat since October 2025 and down one point from a year earlier, FICO reported....
Drivers in the GEICO settlement over LexisNexis insurance reports have until October 20 to opt out, and until January 14 to choose how the money reaches them
People whose disputes over their insurance claims history went nowhere may soon get about $150 from GEICO, with no claim form to fill out. The...
Credit Acceptance borrowers with certain risky car loans made from 2015 to 2025 are due debt relief by November 2 under a $694 million settlement with 41 attorneys general
Credit Acceptance Corporation has until November 2, 2026 to deliver debt relief to borrowers with certain risky car loans made from November 1, 2015 through...
Hughes Federal Credit Union borrowers whose cars were repossessed share $7 million automatically, with about $25.6 million in deficiencies resolved; opt-outs close November 20
Arizona borrowers whose cars Hughes Federal Credit Union repossessed between 2019 and 2023 are in line for automatic checks from a $7 million settlement, and...
Fannie Mae says a tenant’s statutory first-refusal right won’t make a loan ineligible
A tenant’s right of first refusal does not make a mortgage ineligible for sale to Fannie Mae when the right comes from a statute or...
Concora Credit’s prerecorded-call settlement sets an estimated $250 to $650 for cellphone users who were not accountholders, with claims due Oct. 19
Concora Credit Inc. has agreed to pay $9.375 million to settle a federal lawsuit over prerecorded phone calls, but only $8.375 million of that goes...
Mortgage Investors Group breach settlement claims are due Nov. 19; opt-outs close Oct. 20
Staying in or stepping out is the first choice facing people covered by the Mortgage Investors Group data settlement, and it has to be made...
People caught in student loan servicer ECSI’s 2023-2024 data breach have until Dec. 21 to file for a cash payment or loss reimbursement
A guest lookup for student loan tax forms on the website of Educational Computer Systems, Inc., known as ECSI, is what attackers used to pull...
An Iowa man admitted laundering money from a scheme that took out at least $21,992,037 in bank loans in his name and the names of 26 unwitting customers
Curtis Weston, 35, of Rockwell City, Iowa, pleaded guilty on October 2 to one count of money laundering tied to a bank-loan scheme that moved...
The FTC starts sending PayPal payments from more than $15.8 million in Cleo AI cash-advance refunds on October 27, and each payment should be accepted within 30 days
The Federal Trade Commission will start sending PayPal payments on October 27 to 2,124,796 people who paid Cleo AI for instant cash advances, and the...
Fannie Mae’s September forecast puts the 30-year mortgage rate at an average 6.8 percent in the last quarter of 2026
Fannie Mae’s Economic and Strategic Research Group, in its housing forecast dated September 11, projects that the 30-year fixed mortgage rate will average 6.8 percent...
Mortgage applications fell 6 percent in the week ending September 25 as the average 30-year conforming rate rose to 7.30 percent, the MBA says
Mortgage applications fell 6 percent in the week ending September 25 as the average rate on a 30-year fixed loan with a conforming balance climbed...
The Federal Reserve meets October 27 and 28 after a September quarter-point hike, and the median official projection puts the benchmark at 4.1 percent by year end
The Federal Reserve raised its benchmark interest rate by a quarter of a percentage point on September 16, lifting the target range to 3.75 to...
New car loans cost 7.14% over 60 months and 6.97% over 72
New car loans at commercial banks averaged 7.14% over a 60-month term and 6.97% over a 72-month term in the second quarter of 2026, according...
The prime rate behind every home equity line is 7.00% while the Fed’s rate is 3.88%
The bank prime loan rate stood at 7.00% in the Federal Reserve’s latest H.15 release, published September 30, 2026, while the effective federal funds rate...
Bank of America’s variable home equity line rate stood at 8.525% on Sept. 23, after a 5.74% six-month intro rate
Two different rates sit on Bank of America’s home equity line of credit page: 5.74% for the first six months and 8.525% once that introductory...
TransUnion is holding VantageScore 4.0 mortgage scores at 99 cents through 2028
TransUnion announced on Sept. 29 that it will keep charging 99 cents for each VantageScore 4.0 mortgage score through the end of 2028, extending a...
Credit union loan delinquencies rose to 0.96% in the second quarter, NCUA says
Delinquent loans at federally insured credit unions reached 0.96% of loans in the second quarter of 2026, up 6 basis points from a year earlier,...