September 7, 2009 by Staff
Filed under Latest News & Financial Reform
A U.S. District Court Judge has found that LifeLock should not be allowed to use its practice of placing fraud alerts on customers’ credit reports. Experian, one of the three national credit bureaus, claimed in its lawsuit that LifeLock doesn’t have the legal authority to request fraud alerts on behalf of consumers.
| Rates | 7/22 | 7/15 | |
| 30-Year Fixed | 4.56 |  |
4.57 |
| 15-Year Fixed | 4.03 | |
4.06 |
| 1-Year ARM | 3.70 | |
3.74 |
| Source: Freddie Mac | |||
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See Articles on Foreclosure Crisis |
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| *(in billions) |
May '10 | April '10 | March '10 |
| Revolving Credit (Credit cards) Average Rate |
$830.8 (-10.5%) 14.48% |
$838.2 (-11.8%) na |
$846.5 (-5.3%) na |
| Non-Revolving Credit (Car loans, others) **Average 4-Year Rate |
$1,584.5 (-1.4%) 6.26% |
$1,586.3 (-4.9%) na |
$1,592.8 (-1.0%) na |
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|---|---|---|---|---|---|
| American Express | Bank of America | Chase | Citigroup | Discover | Wells Fargo |
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