CREDIT - The Salt Lake Tribune http://www.sltrib.com/feeds/topics/CREDIT News from The Salt Lake Tribune en-us webmaster@sltrib.com (Webmaster) SEC adopts rules on loan-backed securities http://www.sltrib.com/sltrib/money/58343717-79/securities-agencies-ratings-rules.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58343717-79/securities-agencies-ratings-rules.html.csp">SEC adopts rules on loan-backed securities</a></h4> <span class="author vcard"><span class="fn">By MARCY GORDON</span></span> <span class="source-org vcard"><span class="org fn"> The Associated Press</span></span> <h5><span class="updated" title="2014-08-27T17:35:39.222-06:00">Updated Aug 27, 2014 05:35PM MDT</span></h5> <div class ="entry-content">Washington • Federal regulators on Wednesday voted to require financial firms that sell securities backed by loans, like the kind that fueled the 2008 financial crisis, to give investors details on borrowers’ credit records and income. The Securities and Exchange Commission adopted the rules for securities linked to mortgages and auto loans on a 5-0 vote. The commissioners also imposed new conflict-of-interest rules on the agencies that rate the debt of companies, governments and issues of secur...</div> <h5><a rel="item-license" href="#license-583437172014-08-27T17:35:39.222-06:00" id="#license-2014-08-27T17:35:39.222-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58343717@www.sltrib.com Wed, 27 Aug 2014 17:35:39 MDT Ponnuru: Lee vs. Ryan on how to cut federal taxes http://www.sltrib.com/sltrib/opinion/58338883-82/tax-percent-rate-ryan.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/opinion/58338883-82/tax-percent-rate-ryan.html.csp">Ponnuru: Lee vs. Ryan on how to cut federal taxes</a></h4> <span class="author vcard"><span class="fn">By Ramesh Ponnuru</span></span> <span class="source-org vcard"><span class="org fn"> Bloomberg View</span></span> <h5><span class="updated" title="2014-08-27T13:19:19.004-06:00">Updated Aug 27, 2014 01:19PM MDT</span></h5> <div class ="entry-content">A few days ago, Rep. Paul Ryan of Wisconsin waded into a debate among his fellow Republicans about how they should think about tax policy. His words carry weight among Republicans: They almost universally respect his judgment on economic policy, and partly as a result have decided to make him chairman of the tax-writing committee of the House should they keep control of it in November’s elections. Some Republicans, notably Sen. Mike Lee of Utah, have argued that the party’s perennial focus on cu...</div> <h5><a rel="item-license" href="http://www.sltrib.com/pages/privacy"> Copyright 2013 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58338883@www.sltrib.com Wed, 27 Aug 2014 13:19:19 MDT U.S. credit card late payments down in quarter http://www.sltrib.com/sltrib/money/58338456-79/credit-percent-card-quarter.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58338456-79/credit-percent-card-quarter.html.csp">U.S. credit card late payments down in quarter</a></h4> <span class="author vcard"><span class="fn">By ALEX VEIGA</span></span> <span class="source-org vcard"><span class="org fn"> The Associated Press</span></span> <h5><span class="updated" title="2014-08-26T09:20:02.029-06:00">Updated Aug 26, 2014 09:20AM MDT</span></h5> <div class ="entry-content">Los Angeles • Americans are doing a better job of making timely credit card payments, even as many lenders increasingly extend credit to more people with less-than-stellar credit. The rate of U.S. credit card payments at least 90 days overdue fell to 1.16 percent in the April-June quarter — the lowest level in at least seven years, credit reporting agency TransUnion said Tuesday. The second-quarter credit card delinquency rate is down from 1.27 percent in the same period last year and 1.37 perce...</div> <h5><a rel="item-license" href="#license-583384562014-08-26T09:20:02.029-06:00" id="#license-2014-08-26T09:20:02.029-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58338456@www.sltrib.com Tue, 26 Aug 2014 09:20:02 MDT Tax refunds may get hit due to health law credits http://www.sltrib.com/sltrib/money/58331202-79/tax-health-insurance-refund.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58331202-79/tax-health-insurance-refund.html.csp">Tax refunds may get hit due to health law credits</a></h4> <span class="author vcard"><span class="fn">By RICARDO ALONSO-ZALDIVAR</span></span> <span class="source-org vcard"><span class="org fn"> The Associated Press</span></span> <h5><span class="updated" title="2014-08-25T07:40:55.922-06:00">Updated Aug 25, 2014 07:40AM MDT</span></h5> <div class ="entry-content">Washington • Taxes? Who wants to think about taxes around Labor Day? But if you count on your tax refund and you’re one of the millions getting tax credits to help pay health insurance premiums under President Barack Obama’s law, it’s not too early. Here’s why: If your income for 2014 is going to be higher than you estimated when you applied for health insurance, then complex connections between the health law and taxes can reduce or even eliminate your tax refund next year. Maybe you’re collect...</div> <h5><a rel="item-license" href="#license-583312022014-08-25T07:40:55.922-06:00" id="#license-2014-08-25T07:40:55.922-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58331202@www.sltrib.com Mon, 25 Aug 2014 07:40:55 MDT Women small business owners struggle to get loans http://www.sltrib.com/sltrib/money/58317718-79/women-says-business-loan.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58317718-79/women-says-business-loan.html.csp">Women small business owners struggle to get loans</a></h4> <span class="author vcard"><span class="fn">By JOYCE M. ROSENBERG</span></span> <span class="source-org vcard"><span class="org fn"> The Associated Press</span></span> <h5><span class="updated" title="2014-08-23T12:21:15.788-06:00">Updated Aug 23, 2014 12:21PM MDT</span></h5> <div class ="entry-content">New York • Women are a growing force in the business world, but if they own a company, they may still struggle to get a loan from a bank. Carrie Charlick and Marcia Cubitt have $4 million in sales but have been rejected for $500,000 credit lines since 2012. Their 11-year-old company, Essential Body Wear, sells women’s underwear at parties at customers’ homes. That’s a problem for bankers, Charlick says. Because the business, based in the Detroit suburb of Commerce Township, doesn’t have a tradit...</div> <h5><a rel="item-license" href="#license-583177182014-08-23T12:21:15.788-06:00" id="#license-2014-08-23T12:21:15.788-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58317718@www.sltrib.com Sat, 23 Aug 2014 12:21:15 MDT Is a home equity line of credit a fit for you? http://www.sltrib.com/sltrib/money/58318798-79/credit-interest-loan-equity.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58318798-79/credit-interest-loan-equity.html.csp">Is a home equity line of credit a fit for you?</a></h4> <span class="author vcard"><span class="fn">By ALEX VEIGA</span></span> <span class="source-org vcard"><span class="org fn"> The Associated Press</span></span> <h5><span class="updated" title="2014-08-20T18:04:01.774-06:00">Updated Aug 20, 2014 06:04PM MDT</span></h5> <div class ="entry-content">Rising home values and low interest rates are a powerful combination for homeowners looking for more financial breathing room. The trend, fueled by the two-year housing recovery, has helped spur many borrowers to take out a home equity line of credit against the value of their home. Such a loan, also known as a “HELOC,” can give borrowers more financial flexibility and typically at a lower interest rate than a credit card. But HELOCs can also pose risks, should interest rates rise sharply or hom...</div> <h5><a rel="item-license" href="#license-583187982014-08-20T18:04:01.774-06:00" id="#license-2014-08-20T18:04:01.774-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58318798@www.sltrib.com Wed, 20 Aug 2014 18:04:01 MDT ‘Cat burglar’ nabbed in South Jordan http://www.sltrib.com/sltrib/news/58310482-78/jordan-south-cat-garages.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/news/58310482-78/jordan-south-cat-garages.html.csp">‘Cat burglar’ nabbed in South Jordan</a></h4> <span class="author vcard"><span class="fn">By Harry Stevens</span></span> <span class="author vcard"><span class="fn"> The Salt Lake Tribune</span></span> <h5><span class="updated" title="2014-08-18T22:17:16.332-06:00">Updated Aug 18, 2014 10:17PM MDT</span></h5> <div class ="entry-content">A man who South Jordan police say committed nearly a dozen burglaries since June was arrested at his home Monday morning. The 32-year-old South Jordan man allegedly stole computers, credit cards and purses from cars and garages in the Daybreak neighborhood. The man was discovered on multiple occasions by South Jordan residents but managed to escape from their garages by telling them he was searching for his cat. “We had all these unusual calls from homeowners about a person in their garages loo...</div> <h5><a rel="item-license" href="http://www.sltrib.com/pages/privacy"> Copyright 2013 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58310482@www.sltrib.com Mon, 18 Aug 2014 22:17:16 MDT Russian hacking suspect ordered held until trial http://www.sltrib.com/sltrib/money/58302020-79/seleznev-charges-russian-ray.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58302020-79/seleznev-charges-russian-ray.html.csp">Russian hacking suspect ordered held until trial</a></h4> <span class="author vcard"><span class="fn">By GENE JOHNSON</span></span> <span class="source-org vcard"><span class="org fn"> The Associated Press</span></span> <h5><span class="updated" title="2014-08-15T19:04:02.318-06:00">Updated Aug 15, 2014 07:04PM MDT</span></h5> <div class ="entry-content">Seattle • A federal judge ordered the son of a prominent Russian lawmaker on Friday to remain in custody until his trial on computer hacking charges, after a prosecutor said evidence recovered from his laptop after his arrest in the Maldives gave new insight into the breadth of his activities. Roman Seleznev, 30, the son of Russian lawmaker Valery Seleznev, appeared in U.S. District Court in Seattle, where he was indicted in 2011 on charges that involved hacking into computerized cash registers,...</div> <h5><a rel="item-license" href="#license-583020202014-08-15T19:04:02.318-06:00" id="#license-2014-08-15T19:04:02.318-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58302020@www.sltrib.com Fri, 15 Aug 2014 19:04:02 MDT NY Fed: U.S. auto loans soar to highest in 8 years http://www.sltrib.com/sltrib/money/58297996-79/loans-auto-credit-lending.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58297996-79/loans-auto-credit-lending.html.csp">NY Fed: U.S. auto loans soar to highest in 8 years</a></h4> <span class="author vcard"><span class="fn">By CHRISTOPHER S. RUGABER</span></span> <span class="source-org vcard"><span class="org fn"> The Associated Press</span></span> <h5><span class="updated" title="2014-08-14T15:21:02.66-06:00">Updated Aug 14, 2014 03:21PM MDT</span></h5> <div class ="entry-content">Washington • U.S. auto loans jumped to the highest level in eight years this spring, fueled by a big increase in lending to risky borrowers, according to a report Thursday by the Federal Reserve Bank of New York. Yet the New York Fed also said that loans to borrowers with shoddy credit, also known as subprime lending, still make up a smaller proportion of total auto loans than before the Great Recession. Federal banking regulators have raised concerns in recent months over the rapid increase in ...</div> <h5><a rel="item-license" href="#license-582979962014-08-14T15:21:02.66-06:00" id="#license-2014-08-14T15:21:02.66-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58297996@www.sltrib.com Thu, 14 Aug 2014 15:21:02 MDT Dionne: Plain vanilla bipartisanship http://www.sltrib.com/sltrib/opinion/58272100-82/plain-vanilla-congress-republicans.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/opinion/58272100-82/plain-vanilla-congress-republicans.html.csp">Dionne: Plain vanilla bipartisanship</a></h4> <span class="author vcard"><span class="fn">By E.J. Dionne</span></span> <span class="author vcard"><span class="fn"> The Washington Post</span></span> <h5><span class="updated" title="2014-08-07T13:33:01.045-06:00">Updated Aug 7, 2014 01:33PM MDT</span></h5> <div class ="entry-content">Washington • When does Congress become so embarrassed by its laughably low approval ratings that its leaders decide to pass laws to make our country a modestly better place? Is there a plain vanilla agenda that might pass muster across party lines? If you thought attitudes about Congress couldn’t get any worse, consider the Washington Post/ABC News poll’s finding this week that 51 percent of Americans disapproved of their own House member. This was the first time in the 25 years the poll has bee...</div> <h5><a rel="item-license" href="http://www.sltrib.com/pages/privacy"> Copyright 2013 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58272100@www.sltrib.com Thu, 07 Aug 2014 13:33:01 MDT PF Chang’s names 33 restaurants in data breach http://www.sltrib.com/sltrib/money/58258725-79/chang-data-restaurants-locations.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58258725-79/chang-data-restaurants-locations.html.csp">PF Chang’s names 33 restaurants in data breach</a></h4> <span class="author source-org vcard"><span class="org fn">The Associated Press</span></span> <h5><span class="updated" title="2014-08-04T08:19:01.984-06:00">Updated Aug 4, 2014 08:19AM MDT</span></h5> <div class ="entry-content">Scottsdale, Ariz. • P.F. Chang’s is providing more details on its ongoing investigation into a security breach, saying data may have been stolen from certain credit and debit cards used at 33 P.F. Chang’s China Bistro restaurants in the U.S. P.F. Chang’s confirmed in June that data from credit and debit cards used at its restaurants was stolen, but didn’t specify the locations at that time. On Monday the company provided a list of locations. These include P.F. Chang’s restaurants in Baltimore; S...</div> <h5><a rel="item-license" href="#license-582587252014-08-04T08:19:01.984-06:00" id="#license-2014-08-04T08:19:01.984-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58258725@www.sltrib.com Mon, 04 Aug 2014 08:19:01 MDT Bloomberg View: Dodd-Frank hasn’t solved too-big-to-fail http://www.sltrib.com/sltrib/opinion/58250676-82/banks-fail-gao-billion.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/opinion/58250676-82/banks-fail-gao-billion.html.csp">Bloomberg View: Dodd-Frank hasn’t solved too-big-to-fail</a></h4>