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Experts believe more Tarp participants will fail as the economy plods along, and that investors should keep this in mind when bidding on auctions of the Treasury's Tarp holdings.
October 25 -
The Uniform Law Commission's commercial code excludes debit cards, which is problematic since courts tend to reject class-action challenges that conflict with it.
October 25
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The Financial Stability Board has decided to adopt a 'structured approach' to the numbers that get issued to identity participants in financial transactions around the world.
October 25 -
About $1.4 trillion of deposits are covered by federal insurance due to lapse in two months. How corporations have handled their cash over the last few years provides a guide to what might happen to the money.
October 25 -
Acting Federal Deposit Insurance Corp. Chairman Martin Gruenberg is leaving his post at the helm of a group that sets standards for deposit backers around the world.
October 25 -
Well-intentioned policies are causing inadvertent redlining. Our proposed Dignity Mortgage would show there are few if any additional risks of lending to the large cohort of presently excluded prospective homebuyers.
October 25
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A proposed settlement of a merchants’ lawsuit over credit card fees that may cost Visa Inc., MasterCard Inc. and banks as much as $7.25 billion is probably worthy of approval, a federal judge said.
October 25 -
The CFPB announced that it will soon be supervising large consumer debt collections firms.
October 25
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Paul Whitmore was direct and blunt in his assessment of the state of payments in the U.S. when he spoke at this week's Chicago Payments Symposium at the Federal Reserve Bank of Chicago: "I've been sitting here for two days, wondering how did you get yourself into this mess?"
October 25 -
A state law that eased restrictions on credit card rates in Ohio influenced the move, the Columbus company said.
October 24




