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Credit Reports In the News:
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 ...
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.
TD Bank to report credit trading hit (KIVI Boise)
Associated Press - November 20, 2008 11:03 AM ET TORONTO (AP) - Toronto-Dominion Bank says it will report $350 million Canadian dollars ($272 million) in after-tax credit trading losses in its...
Man charged with fraud, identity theft (Seattle Post-Intelligencer)
A Tukwila man has been charged with identity theft after asking a police detective for help forging credit cards.
Credit institutions requested to report on real estate loans (Nhân Dân)
Nhan Dan - Credit organisations have been requested to give full report on their loans to incomplete real estate projects by October 31, 2008 and loans to real estate sector in October 2008, according to a recently-issued document by the State Bank of Vietnam.
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.
Card Breaches Shake Faith in E-payments (PC World)
In the past three months, all three of my payments cards -- one credit card and two debit cards -- have been compromised.
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.
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