Seven Common Credit Myths Dispelled (Lexington Clipper-Herald)
(ARA) - With the economy reeling and home loan rates at a nine-month high, lenders are scrutinizing everyone's credit history like never before. Yet, many Americans don't realize the impact of late payments on their credit score and their finances.

Net income drops as credit unions plan for more write-offs (BizJournals)
NORTHEAST FLORIDA — The primary source of capital and money used to cover loan losses at credit unions — net income — dropped in double-digit percentages in the third quarter among most credit unions in the area.

Capital levels too low at some credit unions (BizJournals)
While many Twin Cities credit unions are in strong financial shape, some of them are struggling to cope with rising levels of bad debt.

US diluted loan rules before financial meltdown (The Arizona Republic)
AP IMPACT: US diluted loan rules before crash.

AP IMPACT: They warned us, but US eased loan rules (AP via Yahoo! News)
The Bush administration backed off proposed crackdowns on no-money-down, interest-only mortgages years before the economy collapsed, buckling to pressure from some of the same banks that have now failed. It ignored remarkably prescient warnings that foretold the financial meltdown, according to an Associated Press review of regulatory documents.