Coalition Launches Campaign to Educate College Students on Credit Card
CRM Buyer - Consumer groups want colleges to adopt principles banning freebies and blocking credit-card issuers from obtaining lists of student names. They would also create more financial education courses and prohibit credit-card issuers from negotiating
Source: www.crmbuyer.com
Citigroup to Assume Control of SIVs
FOX News - SIVs borrow money by selling short-term debt like term notes and commercial paper, then using the borrowed money to buy bank, mortgage and credit card debt that yield higher returns. The funds profit off management fees and the spread between how much
Source: www.foxnews.com
10 Tips: Money advice for cash-strapped retirees
MSNBC - Imagine retiring after working hard really hard all your life. Your house is paid off in full. So are your vehicles. You ve always been careful to shun credit-card debt, so you ve got none of that. Sounds like you d be sitting pretty at
Source: www.msnbc.msn.com
Radian Group, Inc. RDN
Associated Press - which protects lenders from default. Its financial guaranty business insures repayment of debt and asset-backed securities. Via a joint venture with MGIC, Radian also owns 42% of Sherman Financial, which purchases delinquent credit card debt.
Source: hosted.ap.org
