One of the interesting developments within the ongoing slowdown in mortgage finance is the extent to which home builders have nourished their financing arms, presumably to stimulate demand for their homes.

Pulte Mortgage, LLC finances 77 percent of the homes, excluding those sold for cash, in their (more…)

At a time when most banks are making it much less palatable to use your debit card, a small non-branch bank in Delaware is rolling out a new debit card with a rewards program.

Maybe I should qualify the choice of the word “small” to say that Bancorp Bank is a now a (more…)

The nation’s largest retailer has been able to turn the rapid change in the financial services into a boon for its own revenues.

Two things are working for Wal-Mart: First, they have managed to lower the fees that they pay for interchange on most of their sales. Second, with the anger among consumers against the big banks, (more…)

New reports from Sallie Mae, the Federal Reserve, and banks involved in private loans estimate that students will have $1 trillion in student loan debt by 2015. This is a staggering number whose weight on the economy is better understood when it is compared to outstanding credit card debt. The hard (more…)

The US District Court of South Dakota handed issuers of secured credit cards a victory when it acted to postpone new rules on disclosures that had been promulgated by the CFPB and which were expected to go into force on October 1st.

The new rule, an implementation of the CARD Act, would have capped the percentage of (more…)