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FRIDAY, NOVEMBER 27, 2009
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NEWS ABOUT: consumer loan markets

consumer loan markets stories: 3 news summaries

More Americans Falling Behind on Loans

Balances surge on bank credit-cards as Americans struggle to pay bills

Jul 7, 09 4:21 PM CDT
(Newser) - Delinquencies on consumer and home-equity loans rose in the first quarter as unemployed Americans struggled to pay their bills, the Wall Street Journal reports. The number of borrowers at least 30 days late on their consumer loans, which include auto loans, rose slightly to 3.23% from the previous quarter.... More »

MORE ABOUT:
debt • unemployment • credit card • loan • consumer loan markets • home-equity loans • American Bankers Association • delinquency

Hedges, Private Equity Funds to Invest in Bailout

TALF program could see very rich outfits get even richer

Mar 6, 09 7:11 AM CST
(Newser) - With its highly touted TALF program to spur consumer lending, the government is undertaking a $1 trillion effort that hinges on the participation of some unpopular outfits: hedge funds and private equity firms. As the Washington Post reports, the Fed and Treasury's "public-private partnership" relies on investment from the... More »

MORE ABOUT:
private equity • Federal Reserve • Treasury Department • Blackstone • consumer loan markets • bailout • hedge funds • TALF

World Money Chief Calls for Global Action

IMF head foresees widespread slowdown, backs US stimulus

Jan 28, 08 10:55 AM CST
(Newser) - With a global recession looming, the head of the IMF has warned bankers meeting in Davos, Switzerland, that lower interest rates alone won’t avert a crisis, the Financial Times reports. Dominique Strauss-Kahn called on governments to follow the US in easing fiscal policies, reversing a quarter-century of emphasis on... More »

MORE ABOUT:
International Monetary Fund • recession • IMF • John Thain • Dominique Strauss Kahn • Davos • Larry Summers • subprime crisis • consumer loan markets • interest rate cut

3 Stories


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