Since 2005 the credit industry in the US has implemented rigid credentialing rules for those requesting access to consumer credit files to help combat the 50 billion dollars lost each year to credit fraud and identity theft.

U.S. consumer credit dropped for the 11th month in a row in December 2009 as Americans cut their borrowing in the economic uncertainty, reported the Federal Reserve on Friday. The Fed said that total borrowing in December dropped by 1.8 billion dollars from 2,458.6 billion dollars in November to 2,456. 8 billion dollars. It is far less than the revised 10.6 billion dollars decline for November ...

Battered financial giant Citigroup said Tuesday it suffered a net loss of 7.6 billion dollars in the fourth quarter of 2009, resulting in a full year loss of 1.6 billion dollars.

Battered financial giant Citigroup said Tuesday it suffered a net loss of 7.6 billion dollars in the fourth quarter of 2009, resulting in a full year loss of 1.6 billion dollars.

Wells Fargo said overnight its third-quarter earnings rose to a record 3.2 billion dollars, as the banking giant managed to profit from mortgages and consumer credit despite a weak economy.