Topic: Credit Services and Intermediation
Data show surge in consumer cases in fiscal 2009
AP News
New court data show surge in cases related to consumer issues in fiscal 2009The number of new cases in federal courts related to consumer issues surged in the year ended last Sept. 30 as Americans battered by the recession fought foreclosures and downgraded debt ratings, data released Tuesday show. The ...
Credit card data hints at U.S. consumer rebound
Reuters US Online Report Business News
NEW YORK (Reuters) - Credit card delinquency rates improved at JPMorgan Chase & Co and a majority of others -- a sign the lenders still face hurdles in the wake of the deep recession. The delinquency rates likely received a seasonal boost, but nonetheless signal the card issuers are less likely to ...
Pay czar limits exec pay at still-struggling GMAC
AP News
Pay czar restrains top salaries at GMAC as auto finance giant loses money, relies on bailoutThe Obama administration's pay czar is limiting 2010 compensation for top executives at GMAC Inc. because the auto finance giant continues to lose money and can't yet repay its $16.3 billion taxpayer ...
Payday Loans ? Bad Publicity Notwithstanding Payday Loans Are Advantageous
isnare
The cost of payday loans and the pessimistic media has focused on the stringency of these loans. We in fact feel that this is an advantage. The stringency serves two uses, the first and the very significant is to let lending companies to not have to run through strict and ...
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