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Fintech 'sandboxes' in Arizona, other states, aim to attract companies

Arizona and other states have created programs that allow financial services startups to test products and services such as digital payment apps or software for assessing credit risk without a license, but loosening licensing rules could expose customers to unfair or abusive products.... Read more»

Worst may be yet to come in foreclosure crisis

Four years after the housing market collapse triggered a wave of defaults, the worst may be yet to come for homeowners, and minorities are most at risk, according to a new study.... Read more»1

Lack of foreclosure data leaves big questions

The worst foreclosure crisis in the nation's history might have been detected earlier if the government had a better tracking system for mortgage data, experts say.... Read more»

Profiting from recession

Payday lenders spend big to fight regulation

The influential $42 billion-a-year payday lending industry, thriving from a surge in emergency loans to people struggling through the recession, is pouring record sums into lobbying, campaign contributions, and public relations – and getting results.... Read more»