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S Korea orders loan firms to correct unfair contracts (People's Daily)
The South Korean Fair Trade Commission (FTC) ordered a revision of unfair clauses in the contract of large loan companies in effort to protect consumers, the Korea Herald reported Friday. The FTC announced that through investigation they found 141 unfair clauses in 28 lending companies' contracts such as clauses which permit the companies to change interest rates and sell off secured assets ... - news.ino.com
Genworth buying bank, applying for gov't funds (INO News)
(AP:RICHMOND, Va.) After reaching a deal to acquire Interbank fsb, insurer Genworth Financial Inc. said it is applying to become a savings and loan, in a move to become eligible for funds under the government's $700 billion bank rescue package.