Topic: Consumer Credit and Debt
Wis. speaker draws ire for dating lobbyist
AP News
Wis. assembly speaker draws ire, some support, after disclosing relationship with lobbyistWisconsin residents angry about Assembly Speaker Mike Sheridan's relationship with a lobbyist sent him insulting e-mails this week, including some calling for his expulsion from his leadership position, messages released Friday to The Associated Press show. There also ...
Dec consumer credit down for 11th straight month
Reuters US Online Report Business News
WASHINGTON (Reuters) - A weak job market and tight credit conditions caused consumer credit to fall $1.73 billion in December, the eleventh straight monthly decline, a report from the Federal Reserve showed on Friday. December consumer credit outstanding fell at a 0.8 percent annual rate to $2.457 trillion ...
Fed emergency loans to banks continue to decline
AP News
Banks again reduce their borrowing from Federal Reserve's emergency loan windowBanks borrowed less from the Federal Reserve's emergency lending program over the past week, another sign that strains on private credit markets are easing. Commercial banks averaged $14.77 billion in daily borrowing for the week that ended ...
Gov't cracks down on loan help payments
AP News
Regulators propose ban on upfront payments for foreclosure assistanceThe government is cracking down on companies that advertise help for troubled homeowners but often turn out to be scam artists. The Federal Trade Commission said Thursday it would propose to ban those foreclosure rescue services from collecting payment up front. Instead ...
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