Newsroom Headlines

  May 26, 2009 Mortgages Report: Mortgage Modifications Fail to Halt Defaults A Fitch Ratings report to be released this week is expected to show that mortgage-servicing companies are struggling to

  May 22, 2009 Obama Set to Approve New Rules for Credit Cards New rules for the credit card industry that are designed to protect consumers from surprise charges, such as over-the-limit fees and

  May 21 House Easily Passes Credit Card Reform Bill The House overwhelmingly passed (361-64) legislation to tighten regulations on the credit card industry yesterday afternoon, CongressDaily reported

  May 20, 2009 Obama Administration Weighs Creation of New Financial Regulatory Agency The Obama administration is actively discussing the creation of a regulatory commission that would have broad

  May 19, 2009 Credit Card Industry Aims to Profit from Payers with Healthy Credit As Congress moves to limit the penalties on riskier borrowers, who have become a prime source of billions of dollars

  May 18, 2009 Senate Vote on Credit Card Regulation Set for Tuesday; House Panel to Examine Credit-Rating Agency Regulation, Municipal Finance The Senate is expected to pass legislation tomorrow that

  May 15, 2009 Homeowner Assistance Plan to Encourage Banks to Allow Short Sales Banks could get government incentive payments for allowing borrowers to sell their home at a loss rather than go

  May 14, 2009 Senate Rejects 15 Percent Cap on Credit Card Interest Rates Despite complaints that banks and credit card companies are gouging customers by charging outrageous interest rates, the

  May 13, 2009 Credit Suisse Loses Payback Priority on 'Predatory' Loan to Bankrupt Resort Bankruptcy Judge Ralph Kirscher ruled that Credit Suisse Group AG made a “predatory” loan to the bankrupt

  May 12, 2009 Senators Cut Deal on Credit Card Bill The top senators on the Senate Banking Committee reached a compromise on a bill that would protect consumers from abusive credit card industry