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Regulators unveil new aid plan for credit unions (AP)
AP - Federal regulators said Tuesday they are making more than $40 billion available to support several credit unions that suffered losses from mortgage securities, and will provide another $2 billion to help struggling homeowners.
yahoo.com

Bank giant concedes to factory sit-in workers
Bank of America said Tuesday it is prepared to extend credit to a Chicago window and door maker whose laid-off workers staged a five-day 'sit-in' after the factory closed.
CNN

Primus Guaranty Comments on Tribune Co. CDS Exposure (Business Wire)
HAMILTON, Bermuda----Following the filing yesterday by Tribune Co. of a petition under Chapter 11 of the U.S. Bankruptcy Code, Primus Guaranty, Ltd. provided the following information with regard to the credit default swaps portfolio of Primus Financial Products, LLC .
yahoo.com

Darling considers wider loan guarantees
The chancellor is considering an extension of taxpayer guarantees to cover business lending, in an admission that the UK economy is still starved of credit despite the £50bn recapitalisation of the banks
Financial Times

More than 8 million homes face foreclosure in next 4 years
More than 8 million mortgages could go into foreclosure in coming years in the wake of the credit meltdown as the economy worsens and the U.S. suffers more job losses, according to a recent report.
Market Watch

Credit Still Available At Unions
As the American stock market drops to levels not seen since the Great Depression, it's an investment idea created during that trying time that's proving to be a winner for more people today.
Thedenverchannel.com

Discover Announces First Biodegradable Credit Card
December 9, 2008 By Justin McHenryDiscover Card has announced the availability of the first biodegradable credit card, claiming the cards will “begin to break down in soil, water, compost or wherever microorganisms are present” and fully degrade within 5 years.The new card is made from biodegradable PVC, which Discover says “allows 99 percent of the [...]
ICC Credit Card

Fannie, Freddie ignored the signs
A House committee trying to uncover the roots of the credit crisis on Tuesday set out to grill several former CEOs of mortgage finance giants Fannie Mae and Freddie Mac.
CNN Money

Delta, American Express extend card agreement
ATLANTA » Delta Air Lines Inc., the world's biggest carrier, said Tuesday that it is getting a $1 billion boost following a credit card agreement it has reached with American Express Co.
The Salt Lake Tribune

Workers Win Wages After Factory Sit-In
Credit extended to Chicago company whose workers were fired without notice.
ABC News

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Archived "business - credit limit" news stories.

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