Read more consumer credit stories on Newserhttp://www.newser.com/taggrid/29443/consumer-credit.html2010 - Newseren-usNewser Feed Generator2010-03-22T15:57:44http://www.newser.com/story/81682/lending-falls-at-fastest-rate-since-1942.htmlBanks tightened credit last year at what the Wall Street Journal calls an “epic pace,” recording their biggest full-year decline in loans outstanding in 67 years. The figure comes from a new FDIC report that paints the picture of a banking industry that, apart from a few top-tier players, is...http://www.newser.com/story/81682/lending-falls-at-fastest-rate-since-1942.html2010-02-24T15:03:16http://www.newser.com/story/73201/ftc-takes-on-free-credit-report-minstrels.htmlA long-running battle between the Federal Trade Commission and credit bureau Experian has blossomed into a viral video showdown of sorts. Experian runs FreeCreditReport.com—beneficiary of the cheeky slacker music video/ads. The FTC thinks—rightly, in the opinion of many—that the company is intentionally diverting consumers from the...http://www.newser.com/story/73201/ftc-takes-on-free-credit-report-minstrels.html2009-11-03T16:44:51http://www.newser.com/story/60793/cities-saddled-with-the-most-credit-card-debt.htmlThe recession has many Americans tightening their belts, but some just can’t seem to put away the plastic. Forbes checked in with Equifax and compiled a list of the country's most credit card-happy cities. Conclusion? Florida might have a problem. Miami: Average household credit card debt: $9,797, or 22....http://www.newser.com/story/60793/cities-saddled-with-the-most-credit-card-debt.html2009-06-02T19:41:01http://www.newser.com/story/59867/new-credit-card-rules-could-trim-10b-from-industry-coffers.htmlA law President Obama is expected to sign today bringing new consumer-friendly rules on credit cards could cost the industry $10 billion in revenue, the Wall Street Journal reports. The legislation, which dials back various fees and interest rates, will devastate companies that target consumers with checkered credit histories and...http://www.newser.com/story/59867/new-credit-card-rules-could-trim-10b-from-industry-coffers.html2009-05-22T18:53:59http://www.newser.com/story/56657/banks-seize-herds-as-recession-hits-mongolia.htmlProving the recession is truly global, banks in Mongolia are threatening to foreclose on herders’ goats, sheep, and camels, the Wall Street Journal reports. Mongolians call it a financial “zud,” a local term for unusually devastating winters. Falling cashmere prices stemming from the West’s recession—the high-end textile market shed...http://www.newser.com/story/56657/banks-seize-herds-as-recession-hits-mongolia.html2009-04-20T15:05:43http://www.newser.com/story/56656/debt-settlers-promise-relief-provide-little.htmlState attorneys general are being overwhelmed with complaints about “debt settlement” companies that promise consumers relief from mounting bills but rarely deliver, the New York Times reports. The number of such companies, which often collect fees of 15% of the total debt to negotiate with creditors, has tripled in recent...http://www.newser.com/story/56656/debt-settlers-promise-relief-provide-little.html2009-04-20T13:33:15http://www.newser.com/story/56015/fee-hikes-at-bailed-out-banks-spur-investigation.htmlCongressional overseers of the TARP program are investigating the lending practices of several of the banks they bailed out in response to complaints that the banks are raising interest rates and fees, the Wall Street Journal reports. Despite receiving billions in taxpayer dollars, Bank of America last week nearly doubled...http://www.newser.com/story/56015/fee-hikes-at-bailed-out-banks-spur-investigation.html2009-04-13T12:08:43http://www.newser.com/story/54760/to-dodge-recession-move-to-huntsville.htmlWhile big cities and rural areas have taken a beating as the financial crisis unfolds, many mid-size cities have seen consumer lending increase, indicating an economic resilience that other areas lack, the Wall Street Journal reports. In cities with populations around 400,000—like Huntsville, Ala.; McAllen, Texas; and Provo,...http://www.newser.com/story/54760/to-dodge-recession-move-to-huntsville.html2009-03-30T17:42:20http://www.newser.com/story/51108/bailed-out-banks-cut-lending.htmlThe 20 largest banks that received billions in US government rescue funds slightly reduced their lending to consumers and businesses in the last quarter of 2008, the government said yesterday. Banks cut their mortgage and business loans by a median of 1% each, while credit card lending rose by a...http://www.newser.com/story/51108/bailed-out-banks-cut-lending.html2009-02-18T09:15:21