Consumer Protection Bureau Unveils New "Payday" Lending Rules (tags)
The Consumer Financial Protection Bureau releases new rules governing "payday" lending - high interest loans that impact low-income communities.
Prohibition of Interest in Islamic Finance (tags)
Since the early 70s, Islamic economics was introduced to world of finance as a new instrument, whose purpose was to follow an economic system based on Islamic Shari'a or the law of Islam. One of the main elements of the system is the prohibition on interest rates.
Prohibition of Interest in Islamic Banking and Finance (tags)
Since the early 70s, Islamic economics was introduced to world of finance as a new instrument, whose purpose was to follow an economic system based on Islamic Shari'a or the law of Islam. One of the main elements of the system is the prohibition on interest rates.
CAPITALISM ANDS ITS BEST OBAMANATION AT ITS WORST (tags)
As of today even without the additional infusion of new government money, the american public has 79% interest in AIG already largely in the form of highly vulnerable common stocks. The remaining shares in preferred or treasury stocks (which are on top of the food chain when it comes to bankruptcy or liquidation proceedings) are in private holdings mostly belonging to AIG founder Hank Greenberg. In the event of bankruptcy, preferred stocks e.g. Greenberg are guaranteed proceeds even with the equivalent of diluted shares of their notes - the american public - ZIP!
Will Bailout Minimize FBI Investigation Who Might Have Sold Fraudulent Loans/Securities? (tags)
Some lenders might have lowered their “own mortgage borrowers’ home values” by continuing to make sup-prime loans to unqualified borrowers in their community—after having “knowledge” the community had high numbers of mortgage defaults and foreclosures.