Tag: FICO

Robert Fico Slovakia

Nationalist Parties Soar As Mass Migration Haunts Slovak Election

Leftist Prime Minister Robert Fico won Slovakia’s general elections on Saturday on the back of a strident anti-refugee platform, but lost his parliamentary majority as a scattering of smaller parties including the extreme right won seats, according to exit polls.

AP Photo

Obama Makes New Push for Minority Mortgages

The Obama administration is demanding that minorities again receive preferences to qualify for mortgages–the same policy that helped trigger the sub-prime mortgage crisis and the 2007-8 financial crash.

AP Photo

Banks Raising Sub-Prime Credit Card Limits, Again!

The Office of the Comptroller of the Currency (OCC), which regulates the financial risks posed by the lending activity of American national banks, has officially reported that banks are expanding sub-prime credit by raising borrowing limits for credit card holders. The new concerns follow an OCC report last June that flagged “problematic” recent high-risk corporate takeovers, car loans through auto dealers, and commercial finance lending.