Bank of America and Wells Fargo were among banks that tightened credit standards for mortgages insured by the Federal Housing Administration in a move that may put a crimp in the U.S. housing recovery by effectively eliminating…
Obama’s decision to tap Elizabeth Warren as advisor for a new financial watchdog group has raised the ire of consumer and business advocates, who argue that her appointment undercut the goals of clarity and transparency.
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Approval rates for bank loans will likely fall as the number of applications increase over the next six months, according to a recent survey of banking professionals released today by Fair Isaac and Northwestern University’s Ke…