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  • Farm Service Agency to hold presentation on emergency loans
    SALEM -- Freeholders have announced that Salem County will assist local farmers to apply for low-interest emergency loans through the Federal government.
  • Capital One card segment bad loan rate rises to 6.34% vs 5.96%
    Capital One Financial Corporation,( 38.70, +0.94, +2.5%) said Wednesday that its net charge-offs, or the rate of bad loans, rose to 6.34% in September from 5.96% in August in the U.S. card segment.
  • Greenberg Urges Altering AIG Loans
    New York — Former American International Group Inc. (AIG) CEO Maurice “Hank” Greenberg is urging the company to seek to modify the terms of the bailout it agreed to last month
  • Bank bail-out: The effect on bank customers
    Banks don't just serve savers – they offer a range of other financial products such as current accounts, loans and credit cards
  • Target payday lending
    COLUMBUS — Anyone who watches TV can see that the opposition to Issue 5 is well-funded, airing scores of ads that urge voters to protect their financial choices and keep thousands of jobs in Ohio.
  • Small business and banks to meet regularly
    The first gathering of what will be a reconstituted "Small Business Forum" will take place within three weeks, when it will be decided whether to bring the warring sides together on a quarterly or monthly basis
  • Credit card with 200% interest rate under attack
    Low-income borrowers were warned yesterday against signing up for an Argos payment card which has an interest rate of up to 222.7%
  • Small business loans drop 35% in NY
    Loan volume to small businesses in New York State plummeted 35% in 2008, the U.S. Small Business Administration reported today.
  • Nothing wrong with payday loans
    Lower fees. Easy repayment. Why wouldn't you vote yes for Proposition 200?
  • Friday Edition: Pentagon Blasts Payday Loans
    It saddens me that the government is finally recognizing predatory lending for what it is, given that it's ravaged many areas of country for several years now
  • Barclays says US rules could limit auto loan access
    DETROIT, Nov 6 (Reuters) - The ability of U.S. automakers to access an already approved package of $25 billion in federal loans may be limited by the rules proposed by the Department of Energy, Barclays Capital said on Thursday.
  • Banks getting into payday loan business
    More traditional banks have begun offering customers advances on their direct deposits for a fee, a practice payday lenders equate with loans they give.
  • GM asks dealers to lobby for additional auto loans
    General Motors Corp (GM.N: Quote, Profile, Research, Stock Buzz) asked all its U.S. dealers on Wednesday to urge the Congress to approve an additional loan package to help the automaker deal with its liquidity crisis, dealers briefed on the matter said..
  • Fitch SMARTView: 30 U.S. ABS SBA/Small Business Transactions Designated with SMARTView Date
    Following its monthly surveillance review, Fitch Ratings designated 30 of its $4.5 billion U.S. ABS SBA/Small Business Loan transactions with a SMARTView date of Nov. 13, 2008, indicating that no in-depth review is necessary
  • Circle of bad decisions still haunts system
    President Johnson created the Great Society and the modern welfare system. Today, free public housing buildings are being torn down in major inner cities
  • US Treasury: bank capital measures aid small firms
    WASHINGTON, --The U.S. Treasury's plan to inject capital into smaller community banks will aid small businesses that are the backbone of the U.S. economy
  • US Treasury: bank capital measures aid small firms
    STOCKHOLM -- The international aid package for Iceland is set to double to more than $10 billion, with the U.K., Germany and the Netherlands
  • Students take on more debt
    Higher college costs and steep losses in college savings plans are forcing students and their parents to borrow more to earn bachelor’s degrees.
  • German banks plan Iceland loans consortium -paper
    German banks plan to forge a creditors' consortium to help them recoup the outstanding debts of Icelandic borrowers, a German magazine reported without naming its sources.
  • Who's Getting $2 Trillion In Fed Loans?
    The $700 billion federal rescue plan for Wall Street continues to get headlines, but there's another massive effort to prop up financial institutions that's been falling under the radar so far.
  • GM says it needs $12 billion loans by late March
    WASHINGTON (AP) — General Motors says it needs $4 billion in government loans this month and a total of $12 billion by late March to keep operating.
  • Mortgage Delinquencies, Foreclosures Rise to Record
    One in 10 American homeowners fell behind on mortgage payments or were in foreclosure during the third quarter as the world’s largest economy shed jobs and real estate prices tumbled.
  • Congressman Opposes Chrysler's Bid for Loans
    Chrysler LLC's bid to get emergency loans from the federal government ran into opposition last week when congressmen asked why the private-equity group that controls the auto maker doesn't put up some money itself.