business - "credit"

Citigroup, Merrill Lynch and UBS, the banks most exposed to Ambac and MBIA, could face further writedowns of up to $10bn after the bond insurers last week lost their fight to retain their triple A credit ratings

In markets hit hardest by falling home prices and rising foreclosures, borrowers with good credit buy a new home -- often at a much lower price -- then bail out of the 'upside down' mortgage on their first home. But walking away from a mortgage has plenty of drawbacks and Fannie plans to toughen rules.

Fair Isaac Corp. agreed to dismiss Equifax Inc. as a defendant in a lawsuit the business analytics provider filed against the three national credit reporting companies and VantageScore LLC, Fair Isaac and Equifax said Tuesday.

Federal regulators are proposing new rules to stem conflicts of interest and enhance disclosure for Wall Street's credit rating industry, widely criticized for failing to identify risks in subprime mortgage investments.

Federal officials are seeking more than $200 million in fines and restitution from CompuCredit Corp. and two banks that allegedly engaged in deceptive credit card marketing practices.

Wescom credit Union has announced that it is now offering reverse mortgages, helping senior homeowners tap into the equity in their homes.

Credit Suisse has appointed Spencer Wang as a managing director and senior media and internet analyst of equity research group. He is based in New York and reports to Lara Warner, head of US equity research.

Federal regulators are asking for more than $200 million in refunds of fees and charges to consumers who were hurt by allegedly deceptive marketing practices for subprime credit cards, say government officials.

My tenant has left the country, but all his unpaid bills still come to my house. Will this affect my credit file?

The Federal Trade Commission has sued Atlanta-based credit card marketer CompuCredit Corp. and its debt collection unit Jefferson Capital Systems LLC, charging them with using deceptive marketing and abusive debt collection tactics on consumers in the subprime market. (CCRT) (SNV)