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Why Credit Life Insurance Is a Bad Buy (ABC News)

Salespeople sometimes sneak credit life insurance in for a big purchase.

Japan Stocks Decline, Led by Financials, on Bad-Loan Concerns (Bloomberg)

Nov. 19 (Bloomberg) -- Japan stocks declined, led by financial companies, on concern the nation's drop into recession will lead to an increase in bad-loan costs.

Bank of Italy Will Increase Monitoring of Loans Starting Jan. 1 (Bloomberg)

Nov. 19 (Bloomberg) -- The Bank of Italy will tighten controls on bad debt, tracking loans of more than 30,000 euros ($37,941) through a central credit database beginning Jan. 1.

Brown to target 'irresponsible' credit card firms (Guardian Unlimited)

Credit card companies were on a collision course with Gordon Brown last night after they rejected calls to reduce interest rates, some as high as 69%, after last week's shock cut in the Bank of England's base rate. In a clear signal that the prime minister is determined to make credit cards the next battleground in the financial crisis, he used his monthly press conference yesterday to ...

Credit crisis cuts off bankruptcy as lifeline for struggling companies (San Jose Mercury News)

Harsh as it is, a bankruptcy filing has always offered a glimmer of hope for a business hobbled by debt or a downturn. A company could slim down, negotiate manageable payments to workers and suppliers and keep going, preserving jobs. But the credit crisis has trampled on that dream.