Non-bank lenders like Quicken Loans are 'the biggest risk to the system' right now, Jim Cramer warns

  • 📰 CNBC
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 72%

Loans Loans Headlines News

Loans Loans Latest News,Loans Loans Headlines

Jim Cramer says non-bank lending companies like Quicken Loans, PennyMac and LoanDepot could cause a financial crisis if the Federal Reserve doesn't regulate them.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in LOANS

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Here's How Parents Can Repay Parent PLUS Student LoansMore parents are finding themselves in student loan debt when borrowing for their children. Indeed love_reveals 👎🏾👎🏾
Source: Forbes - 🏆 394. / 53 Read more »

$1.3B award upheld against racecar driver over payday loansProsecutors have said he made billions of dollars by exploiting financially struggling Americans, charging illegal interest rates that sometimes exceeded 1,000 percent. Payday loan sharks were almost out of business under Obama, they regulated the heck out of them...but now, they are at every street corner like a coffee shop..they serve no purpose to society, they’re a cancer that need to be eradicated This is that greedy ass from that Dirty Money documentary on Netflix. Excellent outcome. The Netflix Dirty Money episode on this loser was fantastic
Source: NBCNews - 🏆 10. / 86 Read more »

People Are Living With An Incredible Amount Of Debt From Student Loans And Credit Cards'People are really struggling.' No. Shit. In other news: Water is wet, bears shit in the woods, and politicians are corrupt.
Source: BuzzFeed - 🏆 730. / 51 Read more »

Bank surprises single mom by paying off $150K in student loansA 30-year-old nurse and single mother with around $150,000 in student loan debt received a life-changing surprise Wednesday. Jasmin Ford was surprised with the news that Fifth Third Bank would pay off all of her student loans. “I still can’t find the words,” Ford said Thursday. What a blessing
Source: YahooNews - 🏆 380. / 59 Read more »

This one trick drastically changed borrowers’ approach to their student loansChanging a button may be enough to drastically alter someone’s financial life.
Source: MarketWatch - 🏆 3. / 97 Read more »