Personal FinanceReuters - Federal criminal investigations into failed mortgage lenders IndyMac Bancorp and New Century Financial Corp have stalled, the Wall Street Journal reported on Saturday.
Personal Finance
U.S. attorney investigating Citigroup mortgage arm (Reuters)
Reuters - Citigroup Inc said in a regulatory filing on Friday that the Justice Department is examining its mortgage business.
Delaware to intervene in BoA $8.5 billion pact (Reuters)
Reuters - A day after New York's attorney general called Bank of America Corp's $8.5 billion mortgage-backed securities settlement "unfair" and "inadequate", another state attorney general hinted he may also oppose the deal.
Consumer credit shot up in June (Reuters)
Reuters - U.S. consumer credit shot up in June by $15.53 billion, according to a Federal Reserve report on Friday that showed consumers were willing to keep borrowing robustly in a tight job market.
Consumer borrowing up in June by most in 4 years (AP)
AP - Americans borrowed more money in June than during any other month in nearly four years, relying on credit cards and loans to help get through a difficult economic stretch.
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