Consumer Credit NewsNews and information about consumer credit, how to mangage it, and laws / proposed legislation impacting credit.Time to rein in minimum-payment loans- December 16, 2005 December 13, 2005 - The Washington Post reported that federal financial regulators are on the verge of reining in what is considered ''affordability'' mortgages. These loans provide for a 1 percent or 2 percent mortgage payment, rather than the normal 8 to 10 percent.http://www.guardmycreditfile.org/index.php/content/view/531/50/ |