Posts Tagged ‘trade’

Consumers Can Recover On All Bad Credit Deals, FTC Says – site.law360.com

Law360, New York (May 10, 2012, 7:48 PM ET) — The Federal Trade Commission on Thursday boosted consumers’ ability to recover funds for all fraudulent merchant credit contracts under the agency’s Holder in Due Course rule, issuing a rare advisory opinion …

Dealing with mystery charges – Akron Beacon Journal

Some outfits are run overseas. • Contact your credit-card company when you spot bad charges. • Contact the Federal Trade Commission about fraudulent charges, identity theft and bad marketing practices. Go online to www.FTC.gov or call 877-382-4357.

Vietnam Ready to Force Bank Mergers as Bad Loans Hurt Growth – Businessweek

The nation has stepped up efforts to overhaul a banking system hobbled by bad debt after rapid credit growth in recent years fueled a trade deficit and Asia’s fastest inflation, prompting depositors to favor short-term savings and crimping …

Vietnam Ready to Force Bank Mergers – Bloomberg

The nation has stepped up efforts to overhaul a banking system hobbled by bad debt after rapid credit growth in recent years fueled a trade deficit and Asia’s fastest inflation, prompting depositors to favor short-term savings and crimping …

UPDATE 3-Discover Financial Q4 profit rises, ups dividend – Reuters UK

However, shares fell 3 percent in early trade as economic uncertainty led the company to set aside more money to cover bad loans compared to the prior quarter, signalling that the continued improvement in credit quality was bottoming out.

Tom Friedman: China’s Currency Manipulation Good & Bad for America – Yahoo Finance

Although the law was enacted to help protect American jobs and farmers from foreign competition, Frideman credits that trade legislation as a cause for making the depression a truly Great Depression. The China Syndrome In the accompanying …

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