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- Banks, consumer advocates urge U.S. to allow credit card debt forgiveness (Los Angeles Times)
Financial institutions believe they can lose less by forgiving part of the debt than by seeing the consumer walk away entirely. With defaults on credit card debt spiraling amid a global financial downturn, banks already reeling from the mortgage crisis are losing billions more from unpaid credit card bills.
www.latimes.com - Chase to halt new foreclosures for 90 days - Birmingham Business Journal
JPMorgan Chase won’t put any more homes into foreclosure for the next 90 days while it implements a plan to help borrowers stay in their homes, the company announced Friday. The plan will include proactive offers to refinance mortgages to more ...
www.bizjournals.com - Riley returns to practice (San Francisco Chronicle)
Sophomore quarterback Kevin Riley, who sustained a concussion in the first quarter of Saturday's win over Oregon, was cleared to practice Wednesday night and split first- and second-team repetitions with senior Nate Longshore. Coach Jeff Tedford said he'll...
www.sfgate.com