Maryland Daily Record Maryland's trusted source for business and legal news
U.S. consumer borrowing surged by a larger-than-expected $35.3 billion in May.
Read More »Consumer borrowing surged in May as economy reopened 
July 9, 2021
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Consumer borrowing surged in May as economy reopened
AG charges loan businesses with consumer protection violations
April 12, 2019
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The Maryland Office of the Attorney General charged several businesses earlier this month with making unlicensed and predatory loans that put consumers at risk of losing their vehicles. The charges, announced Friday, allege Cash-N-Go Inc. and related businesses offered “title ...
Tagged with: consumer protection division loans Maryland Office of the Attorney General predatory lending
Read More »US average mortgage rates at 7-year highs
May 24, 2018
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Long-term U.S. mortgage rates rose this week, continuing at their highest levels in seven years amid the peak home buying season.
Tagged with: freddie mac loans mortgage rate
Read More »Small businesses say credit available
January 12, 2016
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Credit is more easily available to small businesses than in recent years but it may take a stronger economy for firms to feel comfortable taking on debt and expanding.
Tagged with: bank loans Small business
Read More »Buying a car? A home? Fed rate hike shouldn’t matter much
December 17, 2015
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WASHINGTON — For anyone considering whether to buy a home or car, the Federal Reserve’s interest rate increase Wednesday shouldn’t make much difference. The rates that most people pay for mortgages, auto loans or college tuition aren’t expected to jump ...
Tagged with: consumers credit federal reserve loans mortgage tuition
Read More »This court case could unshackle Americans from student debt
October 13, 2015
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When Robert Murphy said he wanted to try to get his student loan debt erased, the person overseeing his bankruptcy case told him he had a better shot of getting hit by a bus. Now he’s closer than ever to ...
Read More »Baltimore recovery funds require businesses to pledge not to sue
June 12, 2015
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If a riot-damaged business wants a recovery grant or loan from the Baltimore Development Corp. it first has to agree not to sue the city over damages it incurred. The BDC, a 501(c)3 private corporation that contracts with the city ...
Tagged with: Baltimore Baltimore Development Corp. Business grants loans recovery Riots
Read More »Fed promises ‘patient’ approach to rate hikes
The Federal Reserve is signaling that it's edging closer to raising interest rates from record lows because of a strengthening U.S. economy and job market. But it is promising to be "patient" in determining when to raise rates.
Tagged with: federal reserve interest rates loans
Read More »Fed likely to note gains but signal no rate hike
A resurgent U.S. economy has emerged from a long struggle with high unemployment and weak growth. And the Federal Reserve seems poised to recognize the sustained improvement.
Tagged with: federal reserve interest rates loans
Read More »Feds: Bullying, lying debt collectors an epidemic
The country is facing an epidemic of unscrupulous debt collectors willing to pose as law enforcement and threaten arrest to squeeze dollars out of Americans, a top prosecutor said Tuesday as he announced the arrests of seven people who worked for an Atlanta-area company.
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