Oregon identity theft law takes effect.
Byline: David Steves The Register-Guard SALEM - Starting Monday, Oregonians have the right to put a freeze on their credit ratings if their identity has been stolen, and businesses were ordered to notify consumers if their personal information has been subject to a security breach. ...

Navigating the rules prescreened solicitations, Part II.
In our last column, we described the requirements of prescreened solicitations--"preapproved" credit offers rant to prospective borrowers from lists generated by credit bureaus. But in addition to rules governing the prescreening process, there are requirements regarding what must be included on the promotional piece. Details of the...

Untangling the new rules for affiliate marketing: new federal regulations place limits on how financial institutions can market to consumers using information obtained from affiliate.
[ILLUSTRATION OMITTED] Financial institutions have until Oct. 1 to bring their operations into compliance with new federal interagency regulations that restrict use for marketing purposes of certain information about consumers that institutions and their affiliates obtain from one another. Clarity and ease for consumers are...

BSP pushes for individual access to credit history.
Byline: LEE C. CHIPONGIAN The Bangko Sentral ng Pilipinas wants consumers or individuals to have access to their own credit history to repair or correct errors once the credit information bureau is established and operating. At the moment the establishment of a facility for credit...

Yao re-elected as President of CTB.
Byline: Fil C. Sionil Ambassador Alfredo Yao, Philippine Business Bank chair and majority owner of Zesto Philippines, was re-elected to steer the Chamber of Thrift Banks (CTB) for another one-year term. "This is unprecedented. This is the first time in the group's history. Also, the...

Yao re-elected as President of CTB.
Byline: FIL C. SIONIL Ambassador Alfredo Yao, Philippine Business Bank chair and majority owner of Zesto Philippines, was re-elected to steer the Chamber of Thrift Banks (CTB) for another one-year term. "This is unprecedented. This is the first time in the group's history. Also, the...

Fair Isaac refreshes the Classic FICO scoring model.
The Classic FICO credit-risk scoring model from air Isaac Corp., San Rafael, Calif., was modified in September, improving its predictive power by 5 to 15 percent, according to the company. The changes will not affect important existing features, such as the score range of 300-850, the company...

Batasan 'angels'.
Byline: HERN P. ZENAROSA AS the Christmas season approaches, Filipinos begin to think of angels who were most visible during the birth and resurrection of Christ. But I am thinking of angels of another kind: The "angels" in the current 14th Congress who promised to...

Big boost for entrepreneurs.
Byline: Hern P. Zenarosa As politicians continue to bicker endlessly over mundane issues and tedious contentions, it is a relief that Congress, particularly the Senate, has committed its leadership to make it the most productive institution in government during the remaining days of 2007. Senate...

Nearly One in Four Consumers Uncomfortable With Their Debt; New data suggest fewer Americans intend to apply for credit in the months ahead.
Byline: Dennis Jacobe Synopsis: A new Experian/Gallup Personal Credit Index (PCI) poll shows consumers becoming more cautious about borrowing, with fewer intending to apply for credit in the months ahead. Add the rising cost of gas to the equation, and former Federal Reserve Chairman Alan Greenspan's recent...