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Rising student loan debt cause for worry

...mark, rising by $33 billion in the third quarter of 2013, according to a November report released by the Federal Reserve Bank of New York. Delinquency rates for student loans also increased by a percentage point to 11.8 percent, when compared...
Americans cutting back on credit cards

Americans cut back on using their credit cards in August for a third straight month, a sign that consumers remain cautious about spending.
US consumer borrowing rises $13.8 billion in June

WASHINGTON - Americans borrowed more in June to buy cars and attend schools. But they were frugal again with their credit cards, as many remain wary of taking on high-interest debt.
US consumer borrowing up $19.6 billion

Ameri­cans increased their borrowing in May at the fastest pace in a year. Borrowing in the category that includes credit cards reached its highest point since the fall of 2010.
Biz Bits

JACKSON, Miss. - The president of the Federal Reserve Bank in Atlanta says the Fed should act to further stimulate growth if the economy doesn't improve by year's end.
Business briefs

...that banks could have been manipulating a global interest rate.Geithner, who was then president of the Federal Reserve Bank of New York, said he immediately alerted U.S. and British regulators in 2008 when he learned of problems with the...
Business news

Fed rejects AIG's bid to buy back bad bondsWASHINGTON --- The Federal Reserve Bank of New York has turned down an offer by American International Group to repurchase dodgy mortgage bonds that the Fed had taken off the insurance...
Biz Bits | Business
Fed will allow bond program to end in June

WASHINGTON --- The Federal Reserve is confident in the economy and about to end a $600 billion program to support it. Now for the next step -- figuring out how to keep inflation from taking off.
Mortgage settlement will cost $8.5 billion

Bank of America and its Countrywide unit will pay $8.5 billion to settle claims that the lenders sold poor-quality, mortgage-backed securities that went sour when the housing market collapsed.
Biz bits

...suppression of details on deals that funneled billions to big investment banks while he was president of the Federal Reserve Bank of New York. Lawmakers reacted angrily Friday to e-mails sent in late 2008 and early 2009 between lawyers for the...