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Groups launch credit awareness campaign
AP - A coalition of consumer and civil rights groups says it plans to launch a national campaign Tuesday to highlight what they consider abusive and predatory lending practices in the banking, credit card and mortgage industries.
UBS has exposure to New Century, says secure
Reuters - Swiss bank UBS said it had
exposure to troubled United States subprime lender New Century
Financial , becoming the latest European bank to become
embroiled in the U.S. mortgage market.
Bernanke: Toughen up on mortgage giants
AP - Federal Reserve Chairman Ben Bernanke urged Congress on Tuesday to bolster regulation of mortgage giants Fannie Mae and Freddie Mac, and suggested limiting their massive holdings to guard against any danger their debt poses to the overall economy.
US groups target 'unfair lending' as credit card debt spirals
AFP - A new alliance of US consumer and nongovernmental groups called Tuesday for an end to unfair lending practices it says are peddled by some banks, credit card companies and mortgage groups.
Investors might err in selling in plunge
AP - While headlines shouting about a bloodletting on Wall Street might have made many investors wince, those who reacted hastily and sold off their investments could suffer more than headaches.
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