Banking And Credit Regulation


NEW YORK - Mortgage finance company Freddie Mac said Monday it could lose $500 million or more as a result of the bankruptcy protection filing of Taylor, Bean & Whitaker Mortgage Corp.
For Reid, Dodd, clout on big issues cuts both ways
WASHINGTON - Two Senate leaders trying to steer a pair of President Barack Obama's high-stakes initiatives through Congress are being dogged by re-election worries, and it's not clear whether their legislative prominence will help or hurt them.

NEW YORK - Consumers got more serious about paying down their credit card debt this summer, a time when deliquencies usually go up.

WASHINGTON - Florida banking regulators on Friday shut down Commerce Bank of Southwest Florida, marking the 124th U.S.
Senate panel to mull Bernanke nomination on Dec. 3
WASHINGTON - Federal Reserve Chairman Ben Bernanke's nomination to a second term will be the subject of a Senate Banking Committee hearing next month, the panel's chairman said Friday.
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