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Monthly Archive December, 2007

Congress reluctant to act on mortgage lending issues

December 28, 2007

As 2007 came to a close, Congress had done a lot of talking about cracking down on unfair and deceptive mortgage lending practices, but didn’t deliver on any major legislation.
Although there’s some consensus that tighter regulations or new laws governing lenders are needed, some lawmakers have been reluctant to impose restrictions that might worsen the […]

banks, business, finance, loans - Comments closed

Card companies should provide examples, says debt expert

December 14, 2007

Banks and card companies should give customers examples of what they are paying on their credit card bills, according to a representative of one debt counselling service.
James Falla, director of Thomas Charles, supported the idea of market regulators asking companies to “clearly print” the examples for card holders to avoid confusion on items such […]

banks, business, credit cards, finance, uk - Comments closed

Under fire Woolworths renegotiates debt, says report

December 10, 2007

Struggling high street chain, Woolworths is understood to be under pressure to renegotiate its debt.
A report in The Sunday Telegraph claims that the retailer’s banks are concerned it does not have enough security to cover the reported £225m debt they have lent the company.
Woolworths is reported to have hired KMPG to organise a new […]

business, debt, finance, loans, uk - Comments closed