Consumer Credit, Credit Market | featured news

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Debt Settlers Offer Promises but Little Help

Debt settlement companies claim they help both creditor and consumer by bridging the abyss between them, but the firms often manage to please no one.

 

Fed launches program to aid consumer credit

The Federal Reserve is launching its much-awaited program aimed at boosting the availability of credit to consumers and small businesses.

 

Fed's $1 Trillion Program To Jumpstart Credit Market Nears Launch

The US Federal Reserve will launch its financing ­programme, worth up to $1,000bn, for consumer and business loans in the coming days, amid concerns that hedge funds might find it difficult to take advantage of the scheme.

The programme - the term asset-backed securities loan facility (Talf) - is the cornerstone of the US authorities' push to jump-start the credit market. Officials at the central bank say it will be up and running by the end of this month.

 

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