Monday, July 28, 2014
There's been a 130% increase in the number of loans to people with poor credit scores to buy used cars since the financial crisis. Michael Corkery discusses his investigation for the New York Times, the risks for banks and investors, and how these loans have amounted to disaster for many low-income borrowers.
Monday, December 02, 2013
Subprime auto loans are helping to drive the highest rate of new car sales since 2007. But just like the subprime loans that drove the housing bubble collapse before the recession, these loans can cause trouble for consumers and the economy in general. Chris Kukla, senior vice president at the Center for Responsible Lending, joins The Takeaway to lay out the situation.
Sunday, August 18, 2013
By Mirela Iverac : Reporter, WNYC News
A year after the federal government's Deferred Action program took effect, 22,000 young immigrants illegally in New York have obtained work permits. But that's only about one-fourth of the people who are eligible, according to the Migration Policy Institute, a think-tank based in Washington, D.C.
Thursday, March 07, 2013
The Small Business Administration is granting loans to businesses in hard-hit coastal communities damaged by Sandy. WNYC’s Robert Lewis talks about a ProPublica and WNYC investigation into money going into vulnerable coastal areas. Plus: Senator Kirsten Gillibrand (D-NY) on a new gun trafficking bill; Max Boot’s new book on current and future insurgencies; a road trip has lessons about gun culture; and what kind of calculation do you make about whether to work for free or not?
Sunday, January 06, 2013
By Daniel P. Tucker : Associate Producer, WNYC News
The Bloomberg administration estimates that 13,000 businesses in New York City were damaged during Sandy, but more than two months after the storm only a few hundred have been approved for emergency loans.
Friday, November 04, 2011
Over the past few weeks, The Takeaway has reported about student loan debt and rising tuition costs. President Obama recently unveiled a new program that he says will help lower the interest rates on student loans. But his strategy does not help students who graduated before 2012. As cash-strapped states continue to cut funding for public universities, tuition is likely to keep on rising. How should public universities balance budget cuts and tuition hikes?
Friday, August 19, 2011
The economic crisis is being felt not just on Wall Street and among the international markets. It's hitting regular people all around the world. We look at Kenya where banks are fiercely competing for clients and unsecured loans are becoming very common. While it's improving people's lifestyles, young professionals are now taking on debt for all sorts of reasons like buying expensive clothes. Sound familiar to how we were living, say, three or four years ago?
Wednesday, April 13, 2011
David Min, associate director for financial markets policy at the Center for American Progress, and Michael Lea, director of the Corky McMillin Center for Real Estate College of Business Administration San Diego State University and the former chief economist at Freddie Mac, debate whether the 30-year fixed rate mortgage should be preserved or become a thing of the past.
Thursday, December 16, 2010
Over the past two years, we’ve been told to expect a silver lining to the housing crisis. At a first glance, the release of tomorrow’s foreclosure numbers should add to that optimism, as analysts expect the number of new foreclosures to drop dramatically. But does that mean we’ve truly passed the worst moments of the housing crisis?
Monday, September 27, 2010
By Annmarie Fertoli : Associate Producer at WNYC
President Barack Obama has signed a $30 billion jobs bill, one he has long advocated for as a way to promote small business growth.
Wednesday, July 07, 2010
Retail giant Sam's Club will begin offering loans of up to $25,000 to members who are small business owners. The division of Wal-Mart Store Inc. is teaming up with Superior Financial Group, one of 13 federally licensed nonbank lenders for the program. Already, nearly half of Sam's Club members are small-business owners who account for more than half of the store's revenue. The store says that 15 percent of those members say they have been denied loans from other lenders in the past.