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Consumer Lending

home sales
Real Estate

Housing Market Stayed Hot in January as Home Prices Rose 14% and Sales Surged 20%

February 22, 2021February 22, 2021 - by MyChesCo

The national median home-sale price rose 14% year over year to $330,500 in January, according to a new report from Redfin, the technology-powered real estate brokerage. This marks an annual gain just shy of …

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banned
National

Federal Government Acts to Ban Payday Lender from Industry, Forgive Illegal Debt

February 15, 2021February 14, 2021 - by MyChesCo

WASHINGTON, D.C. — The owners and operators of a vast payday lending scheme that overcharged consumers millions of dollars will be permanently banned from the lending industry under the terms …

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Federal Trade Commission (FTC)
Government / National

FTC Provides Annual Letter on 2020 Equal Credit Opportunity Act Activities

February 5, 2021February 4, 2021 - by MyChesCo

WASHINGTON, D.C. — The staff of the Federal Trade Commission has provided the Consumer Financial Protection Bureau (CFPB) an annual summary of its activities enforcing the Equal Credit Opportunity Act (ECOA).

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Meridian Bank
Business

Meridian Bank Named Top Mortgage Lender

February 4, 2021February 4, 2021 - by MyChesCo

MALVERN, PA — Meridian Bank announced recently that it has been named one of the Top Ten Mortgage Lenders in the U.S. according to a poll conducted by Secure Insight, …

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First Resource Bank
Finance

First Resource Bank Announces Tenth Consecutive Year of Record Annual Earnings

February 2, 2021February 2, 2021 - by MyChesCo

EXTON, PA — First Resource Bank (OTCQX: FRSB) announced financial results for the three months and year ended December 31, 2020.

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Cash, Money
National

FTC Sends More Than $250,000 in Additional Refunds to Victims of Mortgage Modification Scheme

February 1, 2021January 31, 2021 - by MyChesCo

WASHINGTON, D.C. — The Federal Trade Commission is sending a third round of checks totaling more than $250,000 to victims of a mortgage modification scheme dating back to 2009. The …

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Consumer Financial Protection Bureau
National

Consumer Financial Protection Bureau Settles with LendUp Loans, LLC for Military Lending Act Violations

January 21, 2021January 20, 2021 - by MyChesCo

WASHINGTON, D.C. — The Consumer Financial Protection Bureau has filed a proposed settlement to resolve its December 4, 2020 lawsuit against LendUp Loans, LLC (LendUp) alleging violations of the Military …

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Pennsylvania Housing Finance Agency
Real Estate

PHFA Provides Final Data for 2020 Pandemic Mortgage Assistance Program

January 4, 2021January 1, 2021 - by MyChesCo

HARRISBURG, PA — After five months of administering CARES financial assistance for homeowners, the Pennsylvania Housing Finance Agency has provided a final summary data about the performance of the Pandemic …

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Credit Cards
National / Personal Finance

Consumer Financial Protection Bureau Issues Approval Order to Facilitate the Use of Dual Usage Credit Cards

January 2, 2021January 1, 2021 - by MyChesCo

WASHINGTON, D.C. — The Consumer Financial Protection Bureau recently issued a compliance assistance sandbox (CAS) approval order to Synchrony regarding their proposal to develop a “dual-feature credit card.”

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Federal Housing Administration
National

FHA Announces New Single Family Loan Limits for 2021

December 5, 2020December 4, 2020 - by MyChesCo

WASHINGTON, D.C. — The Federal Housing Administration (FHA) recently announced the agency’s new schedule of loan limits for calendar year 2021 for its Single Family Title II forward and Home …

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Chester County Events

  • Beer and Bonsai at Victory Taprooms Parkesburg
    • 03/04/2021
      Parkesburg
  • SHI’s 1st Annual Spring Macrobiotic Conference (Online)
    • 03/06/2021
  • SHI’s 1st Annual Spring Macrobiotic Conference (Online)
    • 03/07/2021
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    • 03/07/2021
      Elverson
  • Coatesville Country Club
    • 03/07/2021
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