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>> CREDIT Latest News

1 HOUR AGO - Investopedia

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G.19 Report

A monthly statistical report from the U.S. Federal Reserve that shows outstanding credit extended to individuals for household, family and other personal expenditures.

Tags: G.19 Report,  Credit Latest News

1 HOUR AGO - Investopedia

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Credit Card Dump

The unauthorized copying of all the information contained in the magnetic strip of an active credit card, with the intention of illegally making a fake credit card that can be used by cybercriminals to make purchases.

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1 HOUR AGO - Zero Hedge

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China's Third Bond Default Imminent: Coke Supplier To Miss Payment

A little over a month ago, China witnessed its first default by a state-owned enterprise when Baoding Tianwei Group, a subsidiary of state-run China South Industries Group, defaulted on a $14 million coupon payment. That event raised two important issues. First, it suggested that Beijing will not necessarily step in to rescue state-affiliated companies who find themselves in financial trouble ...

Tags: China's Third Bond Default Imminent: Coke Supplier To Miss Payment,  Credit Latest News

2 HOURS AGO - Zero Hedge

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Gold Price Moves Since QE3 Have Been A Warning To Mainstream Economists, Not Cause For Celebrations

Submitted by Jeffrey Snider via Alhambra Investment Partners, A little over two years ago, in the middle of April 2013, there was a gold crash that came seemingly out of nowhere. Worse, for gold investors anyway, that crash was repeated just a few months later. Where gold had stood just shy of $1,800 an ounce at the start of QE3, ...

Tags: Gold Price Moves Since QE3 Have Been A Warning To Mainstream Economists, Not Cause For Celebrations,  Credit Latest News

3 HOURS AGO - Business Insider

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Fed's Lacker says letting banks fail will restore market discipline

By Michael FlahertyBATON ROUGE, La. (Reuters) - Policymakers must ensure that financial industry creditors do not expect government bailouts and must be willing to let firms fail in order to restore market discipline, a top Federal Reserve official said on Tuesday.The remarks by Jeffrey Lacker, president of the Richmond Federal Reserve Bank, repeated much of what he has previously said ...

Tags: Fed's Lacker says letting banks fail will restore market discipline,  Credit Latest News