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Among the many legacies of the housing bust is a widespread collapse of consumer credit. In the space of a few years, bankers have gone from lending to anyone with a pulse to demanding a pristine payment history.
Investors dumped Treasurys Tuesday, opting for riskier assets like stocks and commodities as the dollar weakened.
ELKHART, Ind. - The wheels are slowly turning again for the RV industry here, the mainstay of this region’s economy.
Treasury prices mainly rose Wednesday after a strong auction for seven-year notes. Bond prices had slumped earlier in the day on rising stocks and upbeat reports on the economy.
WASHINGTON — More than 15 million taxpayers may owe the government $250 or more because of how the IRS last spring set up President Barack Obama's tax break that was designed to help consumers spend the U.S. economy out of recession.
The Federal Reserve Bank of Kansas City says lower income contributed to a weaker farm economy during the third quarter in some Midwest and Western states.
Canadian gold mining operator Kinross Gold Corp. said Wednesday that Export Development Canada has agreed to guarantee a letter of credit worth up to $125 million.
Treasury prices rose modestly Tuesday as investors balanced positive news from a tame inflation report against increasing supply from corporate and sovereign issues that compete against government debt.
Bank of America Corp. said Monday that it extended nearly $184 billion in credit during the third quarter, as households and communities remain under financial strain.
Unemployed workers and homebuyers caught a break thanks to a new law signed by President Barack Obama on Friday. The law offers tax credits for homebuyers, extending and expanding a popular program, and extends jobless benefits up to 20 weeks for unemployed workers who can’t find a job. Here’s how the plans will work.
Consumers borrowed less for a record eighth straight month in September amid rising unemployment and tight credit conditions. Economists worry the declines in borrowing will drag on the fledgling recovery.
Consumers likely reduced their borrowing for an eighth straight month in September, as layoffs continue and credit remains tight. The declines in borrowing are expected to drag on the fledgling economic recovery.
Missed out on Cash for Clunkers? Congress has another deal for you: Buy a home before May 1 and collect up to $6,500 from the government. If you're a first-time homebuyer, get up to $8,000.
The Senate voted Wednesday to extend and expand a popular tax credit for homebuyers that was scheduled to expire Nov. 30. The House is expected to schedule a quick vote on the bill, part of a package that also extends unemployment benefits for people out of work more than a year. Details of how the homebuyer tax credit would work:
Retail real estate investment trust National Retail Properties Inc. said Wednesday it has a new $400 million credit facility, which will replace one set to mature May 2010.
The House voted on Wednesday to impose immediately tough new rules for credit card companies after voters complained of increased interest rates and steep new fees.
Government bonds were little changed Monday as soaring stock prices chipped away at demand for Treasurys after a successful auction of three-year notes.
Moody's Investors Service on Monday raised its corporate family rating for Ford Motor Co. to "B3" from "Caa1," citing the progress the automaker has made toward improving its product portfolio and cost structure while preserving its cash reserves.
University of Nebraska employees racked up questionable and perhaps even personal expenses on credit cards that are paid with public dollars — partly because of "significant deficiencies" in university oversight, according to an audit released Thursday.
Treasury prices fell Monday, pushing their yields higher, as stronger-than-expected reports on manufacturing and housing allay some concerns about the strength of the economic recovery.
Top Democrats in the Senate are pressing a plan that would extend a popular tax credit for first-time homebuyers but gradually phase it out over the course of next year.
The rush to implement a tax credit for first-time homebuyers opened the program up to potential fraud by people who hadn't bought a home or already owned one, Congress was told Thursday.
Key congressional leaders want to extend the tax credit for first-time homebuyers beyond its scheduled end-of-November expiration despite complaints of fraud and Obama administration concerns about the costs.
Treasury prices fell Monday on an early rally in the stock market, recovering only some of their losses after a strong auction of inflation-protected government debt.
Windstream Corp., a provider of phone, high-speed Internet and high-definition digital TV services, said Monday it has amended and restated senior secured credit agreements to extend their maturity dates.
The 5 cheapest places to rent in AmericaReal estate guru Barbara Corcoran reveals the best deals in the country's rental market and shares tips for scoring the best lease no matter where you live.
BBC News - Dubai's main investment fund seeks debt payment delayThe government-owned investment company behind Dubai's rapid development drive has asked its creditors for a six-month delay on repaying its debts.
ACORN Document Dump: Trashing a Person's Credit HistoryWe know ACORN provide tax preparation and other financial counseling. We leave to others whether or not ACORN falls under the letter of GLB. They certainly fall under the spirit of what legislators were trying to achieve.
Woman denied credit, told she's dead A local woman trying to refinance her mortgage got the shock of her life when she learned her credit report had her listed as dead. To make matters worse, the 78 year old had just survived a battle that nearly killed her.
Florida Leads the Country in Home ForeclosuresClose to 13% of Florida's home loans faced foreclosure from July to September, 2009, and an additional 6% were at least 90 days overdue. Florida currently has approximately 3.4 million outstanding home loans.
Money.CNNNews & advice on retirement planning, college saving, taxes, mortgages, autos, real estate, investing and more from CNNMoney.com.
improving public understanding of insurance—what it does and how it works.improving public understanding of insurance—what it does and how it works.
Percentage of Credit Accounts 30 Days (or more) Past DueA recent analysis conducted by Experian® shows that individuals and families are falling further behind on their debt obligations.
Small businesses struggling as unemployment goes higher Reasons they're struggling:
Fed Rules Would Restrict Overdraft Fees on Debit Cards"The final overdraft rules represent an important step forward in consumer protection," the Federal Reserve Chairman Ben S. Bernanke said. "Both new and existing account holders will be able to make informed decisions about whether to sign up for an overdraft service."
Is Bank Of America Of Trying To Skirt The CARD Act With New Annual Fees?WalletBlog has accused Bank of America of breaking the spirit of its "no new fees" promise and of potentially breaking the law next year, after it announced it will introduce annual fees on some existing credit card accounts in 2010.
BofA touts lending of $184 billion in quarterBank of America Corp. said Monday that it extended nearly $184 billion in credit during the third quarter, as households and communities remain under financial strain.
Credit-card rates up before new lawHave you checked the interest rates on your credit cards lately? Odds are they're going way up.
Ok, so perhaps I was spoiled: Washington Mutual had lulled me into a false sense of safety, almost leading me to believe that it wasn't a banks' sole purpose to lie cheat and steal as much as possible out of its customers.
Don't get fooled again: freecreditreport.com aims to make you spend moneyI've been meaning to pull my credit reports. I, like so many others, am concerned about identity theft or uncorrected errors. When I finally got around to checking my reports, I knew to go to www.annualcreditreport.com.
Financial Terrorism in AmericaThe Taliban is no threat to the security and well being of this Nation, yet we will spend trillions to try to suppress them. The greatest threat facing this nation (as with all great threats) is from within our nations borders.
When did credit really start? Who started plastic spending?Is the credit card an American thing started by Americans ? Who started us down the plastic path? Do we actually need credit? If so why ? If you are going to pay double for something why do you need it right now, can't you simply save and buy it later ? What if credit …
As the holiday season nears, most of us look forward to spending time with family and friends. Children anticipate the arrival of Santa Claus. It is a time for peace and harmony. Our minds are filled with feelings of generosity, sentimentality and reflection.
New Mortgage Rules: Credit Scores More Important Than EverThe Federal Truth and Lending Act was established in 1968, but with the new changes that the Federal Reserve recently made, it is now more difficult for new home owners to qualify for mortgages.
Woman tricked mentally disabled co-worker to get his creditA Sandy woman is accused of ripping off a co-worker who has the IQ of a child. Police say she lied to him in order to get his credit.
Report: IRS eyes 100,000 for tax credit fraudThe U.S. Internal Revenue Service is probing more than 100,000 doubtful claims of a tax credit meant for first-time home buyers, the Wall Street Journal reported on its Web site on Tuesday.
Pre-approved credit card with 79.9% APR?For Gordon Hageman of San Diego, the Premier card offered by First Premier Bank came with a 79.9 percent APR. While it looks like an attempt to gouge the consumer, it is perfectly legal. Wine distributor Gordon Hageman thought "it was a mistake" reports NBC San Diego.
Market regulators urge tougher enforcement - Derivatives is a $450 TRILLIONJ Dollar Hiigh Risk Market.There is a $450 Trillion dollar Derivatives market in Credit default Swaps. Talk about a failure crashuing the U.S. economy. Ban this product before it crashes the US economy for 20-30 years. It should not be regulated-it should be banned.
Billions of dollars and a Nobel Prize later, it looks like 'microlending' doesn't actually do much to fight povertyIn the world of international aid, microcredit is a rock star. The practice of giving very poor people very small loans to start very small businesses has been hailed as one of the very few unambiguous success stories in the long, frustrating fight against Third World poverty.
Credit union robbed Marinette City Police continue to search for a man who robbed the Marinette County Employees Credit Union Wednesday morning" Police said a white male with a plastic shopping bag on his head walked into the credit union at 10:51 a.m. and demanded money"
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