Lenders take a look at whether to take credit for home loan in new rule

COLUMBUS (AP) The Consumer Financial Protection Bureau says it is taking a look whether lenders should consider taking out credit for personal loans in new rules aimed at reinvigorating the nation’s biggest consumer lending industry.CFPB Director Richard Cordray said in a statement Tuesday that the agency is reviewing the guidance issued last week by the…

Why the new credit cards are so bad

Consumers can expect to pay far more for credit cards, which are being designed to help consumers save money. It’s a trend that could affect the average American’s ability to access their credit.The new cards from Bank of America and MasterCard, which have been designed to attract millennials, are often more expensive than older cards that…

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