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Credit Reports In the News:

Stopping credit offers can prevent identity theft (Green Bay Press-Gazette)
The Wisconsin Office of Privacy Protection suggests stopping pre-approved credit card offers as a way to guard against identity theft. The interested should call (888) 567-8688 or visit www.optoutprescreen.com.
 
TD Bank to report $350 million in fourth-quarter credit losses (The Canadian Press via Yahoo! Canada News)
TORONTO - TD Bank (TSX:TD) says it will book $350 million in credit trading losses in its fourth quarter, the latest of Canada's big banks to report exposure to troubled financial markets.
 
TD Bank to report credit trading hit (AP via Yahoo! Finance)
Toronto-Dominion Bank says it will report $350 million Canadian dollars in after-tax credit trading losses in its fourth quarter.
 
CreditCards.com: Weekly Credit Card Rate Report (Business Wire via Yahoo! Finance)
AUSTIN, Texas----Annual percentage rates for new credit card offers rose this week, according to the CreditCards.com Weekly Credit Card Rate Report. However, that move was due to a change in the composition of cards offered rather than any APR increases by banks.
 
Economy falters before budget report next week (AFP via Yahoo! News)
The economy, battered by the global credit crunch and facing a recession, suffered more bad news on Thursday before a key budget report due next week from the country's government.
 
CBI's Lambert says healthy credit markets key to turnaround (Independent)
The Director-General of the CBI, Richard Lambert, has said that tax policies contained in next week's pre-Budget report by the Chancellor will be less important than ending the credit crunch itself.
 
Credit Card Companies Accomplices in Millions of Identity Theft Cases Alleges Eric Drew (PR Newswire via Yahoo! Finance)
Every year millions of Americans are the victims of identity theft, and in a lawsuit filed against major credit card companies, identity theft victim Eric Drew claims that the credit industry is facilitating the crimes.
 
Banks back mandatory CDS clearing: report (Reuters via Yahoo! News)
Some of the world's top banks are backing a proposal to develop a mandatory central clearing system for the $55 trillion credit default swap (CDS) market, a report in the Financial Times said on Thursday. Dealer banks are stepping up efforts to back CDS clearing to head off a more radical overhaul, which includes a proposal to move trading of over-the-counter CDS on to an exchange, the report ...