Newsroom Headlines

  April 27, 2009 Autos Chrysler, UAW Amend Labor Pact to Cut Costs Chrysler LLC has reached an agreement with the United Auto Workers union to cut the company's labor costs, a key victory for the

  April 24, 2009 Congress to Focus on Cramdown, Credit Cardholder’s Bill of Rights and Mortgage Fraud Legislation Next Week Both the Senate and the House of Representatives will be acting on

  April 23, 2009 Credit Union Group Drops Support for Cramdown Compromise The National Association of Federal Credit Unions (NAFCU) has come out against a potential compromise on legislation that

  April 22, 2009 House Panel to Mark Up Credit Cardholder’s Bill of Rights The House Financial Services Committee will meet today at 9:30 to mark up H.R. 627, the “Credit Cardholder’s Bill of Rights,”

  April 21, 2009 Lenders Battle Lawmakers over Letting Courts Modify Mortgages As lenders begin to implement the Obama administration's foreclosure rescue program, Senate Democrats are negotiating

  April 20, 2009 White House to Focus on Credit Card Abuses President Barack Obama will soon turn his attention to high credit card rates, giving a potential boost to congressional efforts to put

  April 17, 2009 Analysis: After the Bank Failure Comes the Debt Collector Clashes between owners of bad commercial debt and struggling borrowers are increasingly taking place across the country, as

  April 16, 2009 Large U.S. Mall Owner Files for Chapter 11 General Growth Properties Inc. filed the biggest real estate bankruptcy in U.S. history after amassing $27 billion in debt as it became the

  April 15, 2009 Banks Ramp Up Foreclosures Some of the nation's largest mortgage companies are stepping up foreclosures on delinquent homeowners just as the Obama administration's housing-rescue plan

  April 14, 2009 Bankruptcies Surge Despite BAPCPA’s Requirements The number of U.S. businesses and individuals declaring bankruptcy is increasing amid the recession, despite BAPCPA’s intent to make