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Published: September 8, 2008
Why feds are seizing two lenders
Economy: Fannie Mae, Freddie Mac taken over
By The Associated Press
WASHINGTON — President Bush said Sunday that the historic federal government takeover of mortgage giants Fannie Mae and Freddie Mac is needed to keep them from failing, a risk he called "unacceptable” for an economy battered by housing and credit crises.

The Bush administration announced Sunday it was taking control of the two institutions to avert the potential for major financial turmoil.

The move w...

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Holiday spending may haunt consumers
Credit cards and payday loans may have many battling debt
PAULA BURKES ERICKSON

Consumers who ran up holiday debt need to pay it...example, if consumers have $1,000 in credit card debt on...interest card and only pay the...sessions with Consumer Credit Counseling...afford the loans. And borrowers don...

 Article | Jan 22, 2006
Consumers paying off credit card debt, putting the squeeze on company profits
BY DON MECOY

...man" bigger than credit card issuers. These...dollars on the interest and fees consumers accrue...a year earlier, and for that, I congratulate American consumers. We're squeezing...their credit card debt, up from 17.9...packaged as securities and sold to investors...regarding higher consumer credit card payments...

 Article | May 31, 2006
Consumers paying off credit card debt, putting the squeeze on company profits
DON MECOY

...man bigger than credit card issuers. These...dollars on the interest and fees consumers accrue...a year earlier, and for that, I congratulate American consumers. We're squeezing...their credit card debt, up from 17.9...packaged as securities and sold to investors...regarding higher consumer credit card payments...

 Article | May 31, 2006
Stimulus plan's success depends on consumer spending

...prices tumble and credit dries up. So many...use it to pay down debt instead. The 24...accountant is married and has a 5-year-old son, so she and her husband could...Counseling urged consumers Friday to use the money to pay down debt and past-due bills...try to amend it. Consumer spending accounts for...

 Article | Jan 25, 2008
Deep in debt
Easy access to credit today can result in a difficult financial future.
BY JIM STAFFORD

...companies marketing credit cards, he said...that show positive and negative factors that affect a consumer's credit score, and credit monitoring...is convenient, consumers should keep in...time each month and paying off debt in a reasonable amount...

 Article | Feb 21, 2007
Beware debt counseling groups that aren't helpful
BY PAULA BURKES ERICKSON

...for the amount of debt reduction, Parker...problems in the credit counseling industry...income tax and from consumer protection laws...testified. A true consumer counseling agency...business of getting consumers out of debt versus...president of the Consumer Credit Counseling...will educate you and not pressure you...

 Article | Oct 1, 2006
Credit Shoppers Can Get Help Reducing Debt
DANNY M. BOYD

...stopping the credit mill and...payments on some debts, such as...consumer debt is huge and past due, the consumer is in plentiful...accessible credit and a corresponding...led more consumers to the agency...majority of the debt is consumer debt, Frank Kelley...Consumer debts can usually...as paying consumer bills - excluding...months. Consumers should also...using credit and start a savings...

 Article | Oct 6, 1996
Tips can help consumers fight back against budget-busting fees
BY DON MECOY

...payments or your credit card debt are too steep...a banker or credit card provider might waive...understand your consumer rights. â...around. Many consumers will drive...by your bank and its competitors...terms of your credit card, be a pack...FDIC senior Consumer Affairs Officer...billing cycles and how they can...practices that few consumers understand...

 Article | Jun 15, 2008
Debt brings Oklahoma households crashing down
BY DON MECOY

...president of Consumer Credit Counseling of...corporations, consumers seem to have...they need it and get desperate...payday loans and Internet-based...to deepen some consumers’ problems, he...previous 12 months. Debt hurts everyone...housing market, consumer struggles with credit card debts are beginning...

 Article | Oct 26, 2008
Credit card debt may stall fuel pain
PAULA BURKES ERICKSON

...increase by not paying credit card bills, consumers and industry observers say...Dattilo, a secretary and single mother, drives...Services at NW Expressway and Council. Even with...the hike in increased consumer debt. "We believe consumers...

 Article | Sep 29, 2005

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