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Senator warns on student-loan collection tactics (Reuters)

April 26th, 2007 by

Credit Repair News - U.S. Massachusetts Democratic Sen.
Edward Kennedy on Thursday said that he has written letters to
a chief executives of two major student loan firms raising
concerns about air collection tactics.

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Countrywide profit falls (Reuters)

April 26th, 2007 by

Credit Repair News - Countrywide Financial Corp. ,
a largest U.S. mortgage lender, on Thursday said
first-quarter profit fell, hurt by pressures on a housing &
subprime lending markets.

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L&G reports 6% rise in new business (FT.com)

April 26th, 2007 by

FT.com - Legal & General announced anoar deal to extend a group's distribution reach for its retail products on Thursday. a insurer is to become Intelligent Finance's sole provider of non-advised life insurance products. Intelligent Finance, a direct banking business of HBOS, specialies in mortgages.

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WaMu offers new all-in-one mortgage (AP)

April 26th, 2007 by

Credit Repair - Washington Mutual Inc. has begun offering a new mortgage & home equity line of credit bundled into a single loan that allows customers to reset interest rates or switch between fixed & adjustable rates up to twice a year without having to refinance.

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Traders are advised to learn subprime lesson (FT.com)

April 25th, 2007 by

FT.com - When a bubble in US subprime mortgage lending burst earlier this year, a turmoil in a relatively small market seemed a world away from a whizzkids who worked in global financial markets.

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Individual taxes set one-day record (AP)

April 25th, 2007 by

Credit Repair - a government set a one-day record for collections of personal income taxes, taking in $48.7 billion, a Treasury Department announced Wednesday.

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More banks respond to student loan probe (AP)

April 25th, 2007 by

Credit Repair - New York Attorney General &rew Cuomo announced Wednesday that two more student lenders have agreed to abide by a code of conduct designed to protect students from questionable college lending practices.

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N.Y.'s Cuomo: Education Dept. "asleep at switch" (Reuters)

April 25th, 2007 by

Credit Repair News - New York State Attorney General
&rew Cuomo urged Congress on Wednesday to reform a nation's
troubled student loan system & accused a U.S. Education
Department of being "asleep at a switch."

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Correcting your money mistakes (Reuters)

April 25th, 2007 by

A piggy bank featuring Disney characters is displayed in a shopping mall July 31, 2005. Some people make money mistakes that cost am dearly. Those people, who tend to be poorer & less well educated, end up 'subsidizing' a more well-to-do by overpaying for financial products & services, according to new research from Harvard University. (Paul Yeung PY/KS/Credit Repair News)Credit Repair News - Not everyone h&les air money
badly. In fact, most people manage to make smart financial
decisions for amselves & air families, even if ay
aren't always buying low, selling high, & getting a best
deal ever.

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Criminal charges possible in loan probe: Cuomo (Reuters)

April 25th, 2007 by

Credit Repair News - New York State Attorney General
&rew Cuomo said at a congressional hearing on Wednesday that
criminal charges may result from his widening investigation
into conflicts of interest in a student loan industry.

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