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Steel: Financial Literacy Might Have ‘Mitigated’ Crisis

by John Bryant | May 29, 2008 | Uncategorized

A more financially literate consumer base might have helped lessen the blow of the subprime mortgage crisis, helping consumers understand the loans they were getting as well as helping them better understand the loss mitigation options available to them, according to...

Treasury’s Steel: lenders should avoid cutting off borrowers as practices change

by John Bryant | May 29, 2008 | Uncategorized

WASHINGTON (Thomson Financial) – A senior US Treasury official warned today that financial institutions need to avoid cutting off access to credit for credit-worthy borrowers as they work to improve their lending standards in the wake of the ongoing mortgage and...
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