February 27th, 2010
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A sweeping credit-card law that recently took effect was supposed to prevent banks from employing tactics that yanked borrowers deeper into debt. Yet an array of loans and cards with crushing terms still beckons from every corner.
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Feb. 27 (Bloomberg) -- The Federal Deposit Insurance Corp. is seeking bids for $610.5 million of unpaid loans it’s holding from failed U.S. lenders including IndyMac Bank, Silverton Bank and New Frontier Bank.
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SOCHI, February 27 (Itar-Tass) -- Russia’s Finance Minister Alexei Kudrin confirmed on Saturday that in 2010 Russia would take external loans. “We are preparing for this now,” he said following a meeting on the Russian Railways Company's investment programme.
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