As a result of the class action lawsuit against TransUnion, one of the national credit reporting agencies, it was settled that millions of its past and current customers are eligible for a range of free privileges, as well as possible compensation payouts. Qualifying customers are those who had a credit card, a car loan or […]

A Subtle Thaw
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Agence France-Presse � Getty Images

Laid-off workers waited Tuesday at the train station in Dongguan, China, to go home.

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Verizon Communications

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In Credit Freeze

Verizon Wireless has found a crack in the iced-over credit markets. The mobile phone service has tapped banks for $17 billion […]

Reducing Debt, But Also Prospects
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Nathan Denette/Canadian Press, via Associated Press

Nortel Networks is considering the sale of a division with promise for growth.

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Eastman Kodak Co

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There’s a reason the technology sector has long eschewed borrowing. Even a small stone of debt can lay a giant low. Technological […]

Like others who got caught up in the recent commercial real estate frenzy, Joseph Moinian, the owner of 20 million square feet of office towers, apartment buildings and hotels throughout the country, sought to take advantage of the huge run-up in values as banks feverishly competed to make loans with exceedingly generous […]

The mortgage crisis that has placed millions of Americans at risk of losing their homes has been especially devastating for black and Hispanic borrowers and their families. It seems clear at this point that minorities were more likely than whites to be steered into risky, high-priced loans — even when researchers controlled for […]

Guess who is complaining that condominiums in Donald Trump’s latest big project are ridiculously overpriced.
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Deutsche Bank AG

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Sally Ryan for The New York Times

The Trump International Hotel and Tower, center, is the focus of a legal dispute between Mr. Trump and Deutsche Bank.

Donald […]

“These errors make us look either incompetent at credit analysis or like we sold our soul to the devil for revenue, or a little bit of both.”
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The Reckoning
Grade Inflation
Articles in this series are exploring
the causes of the financial crisis.
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Benefiting From the Housing Boom
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Joshua […]

Was that a layaway sign I saw?
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How Credit Cards Came to Rule American Lives
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Times Topics: Credit Crisis � The Essentials
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European Pressphoto Agency/Justin Lane

For the last two decades, layaway has been a relic, a vestige of a time when banks promoted Christmas savings clubs and a Depression ethos of […]

Five or 10 years from now, when the financial crisis has ended and housing prices are up smartly once more, we will look in the rearview mirror and realize that we missed a golden age for first-time home buyers.
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A Rush Into Refinancing as Mortgage Rates Fall
(December 4, 2008)
Is It Better to […]

A few years ago every second creditworthy person was offered an irresistible 0% APR balance transfer application. Approval promised great benefits, other than just saving on a higher interest debt payoff. Accompanying perks and enticing features such as no annual fees and rewards seduced a consumer into a spending catch. The opportunity to make free […]