Fed Moves to Loosen Tight Creditmore similar news »
The Federal Reserve announced it would increase the size of its cash auctions to banks and allow financial institutions to put up credit card debt, student loans and car loans as collateral for Fed loans.
U.S. Seeks New Curbs on Credit-Card Practicesmore similar news »
The rules are aimed at making it more difficult for credit card companies to raise rates arbitrarily, conceal high penalty fees, or engage in other practices that consumer groups say are abusive.