Household credit card loans top $40.6 billion

Posted by administrator | 08/01/12 | Tagged Credit Card Debt

Household credit card loans top $ 40.6 billion
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Australians are reportedly paying back much more than they should on their credit cards.

Cutting up your credit card can be a sensible strategy for some / File Source: Supplied

  • Credit card loans eclipse $ 40 billion
  • Credit card holders in debt for decades
  • Budget to chip away at credit card debt

CREDIT card debts have hit a record high and consumers are being warned to slash their balances fast.

Hou…………… continues on

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No quick fix: Getting out of debt requires patience — and help
News from Baltimore Sun:

Doug Hamilton is pictured at Consumer Credit Counseling Service… (Baltimore Sun photo by Algerina Perna)

January 07, 2012|By Eileen Ambrose, The Baltimore Sun

After his mother’s death six years ago,…………… continues on Baltimore Sun

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S.E.C. Changes Policy on Firms’ Admission of Guilt

Posted by administrator | 08/01/12 | Tagged Credit Card

S.E.C. Changes Policy on Firms’ Admission of Guilt
News from New York Times:

WASHINGTON – The Securities and Exchange Commission is making a major change in how it settles some securities fraud cases, telling companies that they will no longer be allowed to say they neither admit nor deny the commission’s civil charges when, at the same time, they admit to or have been convicted of criminal violations.

The change has been under consideration for some time and could be announced soon, according to people who have been briefed on the new policy.

The S.E.C. will continue to use the “neither admit nor deny” settlement process when it alone reaches a deal with a company in a case of civil securities law violations, the people briefed on the policy said. Those types of cases make up the majority of its settlements.

The S.E.C. has been sharply criticized, in federal court and on Capitol Hill, for allowing companies to repeatedly settle fraud cases without admitting or denying the charges. That policy has been allowed to contin…………… continues on New York Times

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Visteon to Display Automotive Electronics Innovations at 2012 International CES in Las Vegas
News from Yahoo Finance:

LAS VEGAS , Jan. 6, 2012 /PRNewswire/ — Visteon Corporation (NYSE: VC – News), a leading global automotive supplier, will display a range of automotive electronics innovations at the 2012 International CES – the world’s largest consumer technology trade show – in Las Vegas from Jan. 10-13 .

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Visteon will showcase products and innovations born from in-depth research focusing on consumer perceptions of the ideal vehicle electronics experience – personal, simple, engaging, accessible and non-distracting. An array of vehicle cockpit electronics solutions – covering audio, infotainment, connectivity, driver information, displays and control panels – will be featured in a variety of interactive displays at Visteon’s exhibit (CP20)…………… continues on Yahoo Finance

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