Jan. 19 (Bloomberg) — The U.S. Treasury Department has failed to win agreements to get struggling borrowers’ home- equity debt reworked, among the biggest roadblocks to reducing foreclosures that may reach a record 3 million this year.
Treasury Delay on Bank Home-Equity Debt Imperils Housing Pickup (Bloomberg)
Jan. 19 (Bloomberg) — The U.S. Treasury Department has failed to win agreements to get struggling borrowers’ home- equity debt reworked, among the biggest roadblocks to reducing foreclosures that may reach a record 3 million this year.
Debt-managing agencies must register (Salem Statesman Journal)
The Legislature completed action Tuesday on a bill requiring debt-management agencies to register with the state Department of Consumer and Business Services.
EU ministers vow debt curb, broach bank supervision (Reuters) (Yahoo!7 World News)
LUXEMBOURG (Reuters) – EU finance ministers were set on Tuesday to renew commitments to post-recession debt reduction but without tying themselves for now to a starting date.
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