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News Bulletins ArchiveSeptember 2008Head Of Visa North America Must Juggle Well, Says AnalystThe new Visa Inc. president of North America faces the challenges of pleasing a variety of stakeholders in a tough payment card market, says Aite Group analyst Adil Moussa. (September 5, 2008) West Virginia Reaches Deals With Debt-Settlement Companies West Virginia has reached settlements with three debt-settlement companies that have agreed to discontinue debt-settlement services in the state and refund more than $375,000 in fees to consumers, state Attorney General Darrell McGraw announced today. (September 4, 2008) Mortgage Applications Increase During Week of Aug. 29 The Mortgage Bankers Association’s Market Composite Index for the week ended Aug. 29 was 453.1, an increase of 7.5% on a seasonally adjusted basis from 421.6 one week earlier. The index measures mortgage loan application volume. (September 4, 2008) The Outsource Group Expands Health Care Reach The Outsource Group, a St. Louis-based accounts receivable management company, made its fourth acquisition in just more than a year with the recent purchase of Healthcare Resource Associates Inc. (September 4, 2008) Most Students Find Loans Despite Credit Crisis Despite troubles with student loans stemming from more than 130 lenders pulling out of the market this year, most college students and their parents have been able to borrow money to pay for school, according to schools and analysts who track student loan lending. (September 3, 2008) Credit Climate Shaky in South Africa South Africans, on average, spend 80% of their disposable income on servicing debt at a time when delinquencies across many asset classes are hurting creditors of all types. (September 3, 2008) Credit Manager’s Index Falls To 50.7% In August The seasonally adjusted Credit Manager’s Index in August fell closer to the neutral economic expansion/contraction point of 50%, the National Association of Credit Management reported today. (September 2, 2008) California Assembly Passes Bill To Ban Storing Consumer Data The California Assembly on Sunday passed a bill that prohibits merchants operating in the state from retaining customer credit and debit card account data unless they need the information for situations such as recurring payments. (September 2, 2008) Increased Vigilance Required to Avoid Future Credit Crises Regulators will need to increase their vigilance to avoid future crises in light of the consequences that followed the policy responses to the “credit crunch” of 2007-2008, according to a paper recently published by the Federal Reserve Bank of St. Louis. (September 2, 2008) Consumer Groups: States Fail to Protect Consumers From Abusive Lenders Many states are failing to provide consumers with adequate protections from abusive lending practices, according to a report by Consumer Federation of America, Consumers Union and the National Consumer Law Center. (September 2, 2008) Please read our Privacy Policy 
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