A House panel was expected to approve legislation Wednesday that would outlaw the kind of “liar loans” and other questionable bank practices that helped drag down the economy.

A House panel advanced legislation Wednesday that would outlaw the kind of “liar loans” and other questionable bank practices that helped drag down the economy.

Bank of America Corp. has officially dropped the Countrywide Home Loans name as part of its integration of the mortgage lender, which was acquired last year.

Development banks on Wednesday pledged about $90 billion in loans to Latin America and the Caribbean over the next two years to help the region fight a looming recession and generate growth.

A study finds the number of college students taking out private student loans has risen sharply in recent years.

The percentage of auto loans past due 60 days or more rose 8.9 percent in the fourth quarter of 2008, compared with the prior-year period, according to credit reporting agency TransUnion. And the numbers point to auto delinquencies shooting to their highe

The percentage of auto loans past due 60 days or more rose 8.9 percent in the fourth quarter of 2008, compared with the prior-year period, according to credit reporting agency TransUnion. And the numbers point to auto delinquencies shooting to their highe

Billie Kroeker and her husband once chased easy payday loans with more loans. They fell into bankruptcy when their financial hole became too deep.

The chairman of Ireland’s embattled Anglo-Irish Bank Corp. has resigned after investigators discovered he had hidden from shareholders euro87 million ($125 million) in personal loans from the bank.

The central banks of Sweden and Denmark said Tuesday they have opened credit facilities worth euro500 million ($690 million) for Latvia to help the crisis-plagued country stabilize its economy amid the global financial turmoil.