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Federal Reserve proposal does not make economic sense
As an advocate for Latino homeownership, scarcity is a topic I want the Federal Reserve to keep in mind as it moves forward with a new proposal that could put mortgages out of reach.
Congressional delegation must oppose credit card act
I’m deeply concerned to see the recent news out of Washington, D.C., that senators will try to tie a harmful credit card proposal as an amendment to other unrelated legislation on national defense. This bill will be catastrophic to the millions of minority businesses relying on credit cards as part of their business operations.
Treasurer candidates clash on proper role of office
The Arizona treasurer’s race pits the state senate majority leader and former treasurer’s office employee against a tax attorney and former Maricopa County Democratic Party chairman who aspires to shake things up in the state office.
Obama heads to Phoenix to pitch mortgage reform
President Barack Obama is proposing to overhaul the nation's mortgage finance system, including shutting down government-backed Fannie Mae and Freddie Mac ai??i?? a plan with bipartisan support on Capitol Hill.
Smaller financial institutions look to single, branded checking account to expand
In 2012, credit unions nationwide added 2 million new customers, earned a higher rate of return on their assets and saw delinquency rates decline compared to 2011. The improving economy has contributed to their success, but they say the growth is also a result of their determination to grow.
Banks, feds to provide foreclosure help in Phoenix
Homeowners trying to save their houses from foreclosure are expected to descend on the Phoenix Convention Center for help on Thursday.
Looking to lend: Credit unions seeking authority to expand business loans
Credit unions, which have been less affected by the recession than other financial institutions, are seeking the authority to make more business loans to their members. All they need is an act of Congress.
Are struggling community banks prepared for a new threat?
Most community banks in Arizona are losing money, lending is down, and a veteran banker concedes that every day is a challenge. It was a little too challenging for two Arizona banks, which were closed by state and federal regulators Aug. 14. A third bank is operating under federal orders to improve what were found to be “unsafe and unsound banking practices.”
Lawmakers: Changes needed on foreclosure bill
UPDATE - Sen. Steve Pierce told the Arizona Capitol Times that his foreclosure bill will have to be fixed, either in special session or next year when the Legislature begins the regular session. Pierce and stakeholders met this afternoon (July 28) to discuss changes to the legislation.
