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Latest Loans For Poor Credit news:Subprime Lending Crisis: Auto Loans Thrive, Housing Down
In the wake of the credit crisis, banks have scaled back lending to subprime borrowers. But other lenders have stepped in, making high-interest-rate loans to borrowers with low credit scores
Read more News Source - Time Magazine
Publish date - 17:30:10 03/11/10
Ex-TI head claims ‘wang ehsan’ pales to micro-credit
By Neville Spykerman SHAH ALAM, March 11 — The Federal government’s RM20 million “wang ehsan” payment to Kelantan came under further criticism following the Selangor government’s recent announcement of a RM50 million micro-credit scheme for the poor. Tan Sri Ramon Navaratnam said the goodwill payment — in place of oil royalties — is unlikely to win the Federal government any goodwill among the ...
Read more News Source - The Malaysian Insider
Publish date - 04:39:42 03/12/10
State sues 2 credit rating firms
State Attorney General Richard Blumenthal Wednesday sued two of the country’s biggest credit rating agencies, claiming they knowingly gave “tainted” credit ratings to risky investments backed by subprime loans.
Read more News Source - New Haven Register
Publish date - 10:49:49 03/11/10
ConsumerMan: The hazards of kids and credit
Credit card companies have a simple strategy: Get your customers while they are young. Most students these days graduate with thousands of dollars in unpaid credit card bills.
Read more News Source - MSNBC
Publish date - 14:14:04 03/11/10
Pakatan’s RM50m birthday gift for Selangor’s poor
By Syed Jaymal Zahiid SHAH ALAM, March 9 — In a bid to woo the state’s poor, Selangor Mentri Besar Tan Sri Khalid Ibrahim (picture) announced last night that RM50 million will be made available for micro-credit loans. The Pakatan Rakyat leader also said a whopping 10 per cent of the state’s revenue will be given to Selangor’s influential village committees or JKKKs, in an obvious bid to ...
Read more News Source - The Malaysian Insider
Publish date - 07:02:12 03/09/10
AG goes after credit rating agencies
Attorney General Richard Blumenthal today sued two of the nation's largest credit rating agencies for knowingly assigning tainted credit ratings to risky investments backed by sub-prime loans.
Read more News Source - Hartford Business Journal
Publish date - 17:01:15 03/10/10
Connecticut to Sue Moody’s, S&P Over Subprime Ratings (Update2)
March 10 (Bloomberg) -- Connecticut Attorney General Richard Blumenthal said he is suing Moody’s Corp. and Standard & Poor’s over allegations tied to credit ratings for subprime loans.
Read more News Source - Bloomberg
Publish date - 21:07:35 03/10/10
Blumenthal Sues: Moody's, Standard & Poor's Accused Of Misleading Investors
Attorney General Richard Blumenthal sued two of the nation's most prominent credit rating agencies Wednesday, alleging they misled investors about the soundness of certain types of investments and unfairly reaped hundreds of millions of dollars in revenues.
Read more News Source - Hartford Courant
Publish date - 20:08:57 03/11/10
Junk Bonds Pull Ahead as TXU, Freescale Soar: Credit Markets
March 12 (Bloomberg) -- High-yield, high-risk bonds are beating investment-grade debt for the first time this year as confidence in the U.S. economic recovery gains strength.
Read more News Source - Bloomberg
Publish date - 02:53:05 03/12/10
Connecticut sues S&P, Moody’s, claims ‘tainted ratings’
HARTFORD, Conn.—Connecticut Attorney General Richard Blumenthal on Wednesday filed a state lawsuit against ratings agencies Moody’s Investors Service and Standard & Poor’s Corp., alleging that the two firms knowingly assigned “tainted credit ratings” to risky investments backed by subprime loans to earn “lucrative fees” from issuers of structured finance securities.
Read more News Source - Business Insurance
Publish date - 22:36:08 03/11/10
Bond Spreads at Narrowest This Year Lure GMAC: Credit Markets
March 11 (Bloomberg) -- Corporate bond yields fell to the lowest this year relative to benchmark government securities, luring GMAC Inc. to sell its longest-maturity notes since 2004.
Read more News Source - Bloomberg
Publish date - 21:07:42 03/11/10
States may ban credit checks on job applicants
It's hard enough to find a job in this economy, and now some people are facing another hurdle: Potential employers are holding their credit histories against them.
Read more News Source - Asbury Park Press
Publish date - 21:58:37 03/11/10
Yen Falls on Speculation BOJ to Take More Credit-Easing Steps
March 12 (Bloomberg) -- The yen fell for a third day against the euro on speculation the Bank of Japan will add more funds to its financial system as the world’s second-largest economy struggles with deflation.
Read more News Source - Bloomberg
Publish date - 03:48:54 03/12/10
Japanese Stocks Gain on Central Bank Speculation; Ringgit Rises
March 12 (Bloomberg) -- Japanese stocks gained and the yen weakened on speculation the central bank will add more funds to its financial system. Emerging-market currencies strengthened as rising confidence in Greece’s ability to pay its debt shored up demand for riskier assets.
Read more News Source - Bloomberg
Publish date - 05:17:34 03/12/10
No tax hike? Then it's loans under Quinn's budget
There's no tax increase in the budget Gov. Pat Quinn will propose today. Instead there are state cuts to education, health care for poor, old people and potentially as much as $11 billion in borrowing.
Read more News Source - Daily Herald
Publish date - 06:21:14 03/10/10
OUR MONEY OUR RIGHTS
In conjunction with the World Consumer Rights Day on March 15 KUALA LUMPUR, March 12 (Bernama) -- Nearly 50 per cent of credit card holders declared bankrupt were under 30 years of age, according to figures from Bank Negara Malaysia (BNM). Also, a study conducted on those who had defaulted on their debt payment or had difficulty in servicing their debt found that 22 per cent of the respondents ...
Read more News Source - Bernama via Yahoo! Malaysia News
Publish date - 06:04:29 03/12/10
Consumer borrowing up in January after 11 declines
WASHINGTON - Consumer borrowing broke a record stretch of declines with a small increase in January as a boost in auto loans offset continued weakness in credit card borrowing.
Read more News Source - Long Beach Press-Telegram
Publish date - 18:17:26 03/10/10
Connecticut AG Sues Moody's, Standard & Poor's
The suit alleges the ratings on mortgage- backed securities were tainted.
Read more News Source - Fox News
Publish date - 18:08:38 03/10/10
Citigroup Selling TruPS After Repaying Bailout: Credit Markets
March 10 (Bloomberg) -- Citigroup Inc. , seeking capital after repaying bailout funds to the Treasury, is selling trust preferred securities as rising investor demand drives borrowing costs to near the lowest in almost five years.
Read more News Source - Bloomberg
Publish date - 17:17:38 03/10/10
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