US Car Sales Slide Continues (Australasian Investment Review via Yahoo!7 Finance)

While our car sales fell sharply last month in the US car sales were again very weak last month, despite the drop in oil and petrol prices. In fact it was a replay of the sales slumps seen from May onwards which forced General Motors, Ford, Chrysler and Toyota to slash production and restructure their sales mix for coming years to try and arrest the terrible slide. Those changes have already ...

Banks lap up MFIs' farm loans (Business Standard India)

Move helps lenders meet agri-lending targets, boosts micro-finance institutions' CAR. Private banks are increasingly buying the farm loan portfolio of micro-finance institutions (MFIs) in an attempt to meet the agriculture sector lending targets.

Canceling lines of credit comes with rules (Contra Costa Times)

An increase in consumer complaints over the cancellation or reduction of home equity lines of credit has prompted one federal banking regulator to remind financial institutions about the laws governing this type of loan.

DA: landlord admits to using tenant’s personal info for car loan (Queens Courier)

An Astoria landlord has been charged with stealing the identity of one of his tenants in order to obtain a $32,000 car loan and to open a credit card account that incurred more than $20,000 in debts, including bills for his telephone and EZ Pass.

Car lease deals getting scarce as Big Three pulls out (Bankrate.com)

It's getting harder to find a car to lease these days. Chrysler's financial arm recently pulled out of the car leasing business, and Ford Motor Credit, GMAC and many large banks also have announced pullbacks.

Fraud seen in loan program at UCSD (San Diego Union-Tribune)

LA JOLLA â€" At least 13 percent of emergency loans granted through a special program for UC San Diego employees were based in part on fraudulent documents, according to a campus audit that looked at lending over a one-year period.

Consumer Reports Analysis: Buying a Late Model Used Car Can Save Thousands Over the First Five Years (The Auto Channel)

YONKERS, NY - September 3, 2008: A new Consumer Reports study of owner costs shows that choosing a reliable three-year-old car instead of a new one can save drivers thousands of dollars over the first five years. In many cases, that's enough to pay for all the gas used during that time.