clawson's blog

A federal jury in Manhattan found Kansas City businessman Scott Tucker guilty on all counts in a racketeering case. Tucker owned a $2 billion payday-lending business, which prosecutors had argued was built on illegal partnerships and predatory loans.

According to NASA, a total coast-to-coast eclipse of the sun hasn’t been seen in the U.S. in 99 years, so the Aug. 21 event will be a can’t-miss for many of us.  A total solar eclipse is caused by a unique set of circumstances.  Oddly enough, the sun is 400 times larger than the moon — but it's also 400 times farther away.

Wells Fargo has been in the news quite a lot over the last few years. In April 2016 Wells Fargo agreed to pay $1.2 Billion for Improper Mortgage Lending Practices.

I have long suspected that student loan debt would eventually affect the rate of homeownership in the US.  It appears that the Federal Reserve Bank of New York agrees.  According to a new report from the Federal Reserve Bank, homeownership rates are far higher for those who graduated from college than those who never earned a degree.

I attended a meeting last week and I made the comment that I was seeing more and more consumers who have 8 years car loans.  The response was,  I have never heard of an 8 year car loan.  I began to research how often 8 year car loans are offered and the pros and cons of an 8 year vehicle loan.  The consensus seems to be that in order to finance a new vehicle for a monthly payment that lower income consumers with no

The Consumer Financial Protection Bureau on Thursday fined Experian PLC $3 million, alleging that the leading credit-reporting firm misrepresented the credit scores it marketed to consumers, according to the Wall Street Journal.

Todd Chrisley, the star of Chrisley Knows Best filed  a chapter 7 bankruptcy in August 2012.

Seventy-five percent of consumers said debt collectors ignored their requests to stop calling, according to a survey released by the Consumer Financial Protection Bureau, which detailed “troubling” practices in the multi billi

The Consumer Financial Protection Bureau (CFPB) issued warning letters to 44 mortgage lenders and mortgage brokers. The Bureau has information that appears to show they may be required to collect, record, and report data about their housing-related lending activity, and that they may be in violation of those requirements.

The Fair Isaac Corporation (FICO) has changed the way in which they calculate your credit score.  The new credit scoring system, called FICO 9, went into effect in 2014.  However, it wasn’t until banks starting using the new score in mass that Fair Isaac made the new formula available to consumers.