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Federal lending rules change to help consumers

Federal lending rules change to help consumers

Mortgage lenders now have bigger hoops to jump through to make loans for consumers, thanks to the Dodd-Frank Wall Street Reform and Consumer Protection Act. The act, which went into effect Friday, may mean more paperwork required from consumers, but its provisions are intended to protect consumers from unscrupulous lenders, said Jon Paukovich, vice president… Continue Reading Federal lending rules change to help consumers

A group of business leaders is in a race against the clock to win Colorado Springs a spot in a federal pilot program that would allow homeowners to obtain low-interest loans for energy-efficiency improvements. The program, its advocates say, has the potential to stimulate economic growth and brand the city as a bastion of green-energy… Continue Reading Loan program aimed at creating jobs, saving energy

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