UPDATE 2-US banks shield assets after MF Global-Fed survey

WASHINGTON, March 29 (Reuters) - U.S. banks have intensified
efforts to ensure that their funds and assets are properly
protected, after the MF Global scandal where an estimated $1.6
billion in customer funds vanished,  according to a Federal
Reserve survey released on Thursday.

Over the past six months, U.S. banks have boosted
arrangements to ensure that their collateral and margin are
protected by a third party to reduce the risk of anything
happening to their funds, said the report.

Following the failure of MF Global in October, market
players have "focused more intensively on the possible
consequences of financial distress on the part of dealers with
whom they have posted collateral," said the Fed's quarterly
survey of senior credit officers.

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Geithner makes case for reducing homeowner loans

(Reuters) - Treasury Secretary Timothy Geithner on Wednesday rebuffed a housing regulator's concerns that allowing mortgage buyers Fannie Mae and Freddie Mac to reduce homeowners' mortgages would only protect the big banks.

"There are some cases where principal reduction is not just good for the homeowner, not just good for the community, but it's good for the taxpayer too," Geithner told a congressional panel.

The Obama administration has been trying to use government resources to help the U.S. housing market. But it has faced resistance from the regulator for Fannie Mae and Freddie Mac, the Federal Housing Finance Agency's acting director Edward DeMarco.

DeMarco has maintained that his regulator's mission is to protect the taxpayer money that was used to prop up the mortgage buyers after massive losses at the companies threatened the global financial system.

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U.S. consumer agency to be active in court cases

March 27 (Reuters) - The new Consumer Financial Protection Bureau said it planned to play an active role in court cases involving disputes over consumer lending laws.

The agency, which opened its doors in July, is charged with policing markets for financial products such as credit cards and mortgages.

On Tuesday, the agency said it had filed a friend-of-the court brief in a truth in lending law case before the Denver-based U.S. 10th Circuit Court of Appeals.

"We are committed to making sure that borrowers can exercise their rights to the full extent allowed under this law," CFPB Director Richard Cordray said in a release.

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US Feb business volume up in year, down in month

March 26 (Reuters) - U.S. companies borrowed more to buy equipment in February than a year ago, though less than in January, and spent mostly for new technology and aging goods replacement, the Equipment Leasing and Finance Association said on Monday.

Where spending is on the rise, most of it appears to be focused on technology to improve productivity, the group's Chief Executive William Sutton said in an interview.

Caution about events spanning from Europe's economy to the U.S. presidential election and oil prices is holding many businesses back from materially stepping up equipment investment for expansion rather than for replacement.

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Obama tells US troops at Korean DMZ: 'You guys are at freedom's frontier'

SEOUL -- President Barack Obama was greeted with cheers from U.S. troops as he visited the dining hall at Camp Bonifas at the start of his tour of the Demilitarized Zone on the Korean peninsula and told them that they were protecting "freedom's frontier."

Obama talked about how proud he was of the troops and joked about the NCAA basketball tournament. While, the president has visited the Republic of Korea twice before, this was his first time observing the 38th parallel and members of North Korea’s military.

At Camp Bonifas, Obama told U.S. troops that they are part of a "long line" of soldiers who have enabled South Korea to prosper. "You guys are at freedom's frontier," he said.

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Republicans put future of US Eximbank future in doubt-lawmaker

* Washington state Democrat says bank renewal needed soon

* Calls House Republican bill a "rifle shot" aimed at Boeing

(Reuters) - Republican opposition to maintaining the nearly 80-year-old U.S. Export-Import Bank could soon force it to stop operations, dealing a blow to Boeing and other U.S. exporters, a Democratic lawmaker said on Thursday.

"I fear the future of the Eximbank is in doubt," Representative Jim McDermott, said in an speech to the Washington International Trade Association.

"We have to get the reauthorization done now, before the lights go out at the Eximbank in May."

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Managing Your Credit Report After Being A Victim Of Identity Fraud

If you have been the victim of identity fraud, your credit score (and score) has most likely taken a success. The good news is that restoring your credit following identity fraud may be possible. It will be challenging, nevertheless, you will get definitely ways to get it done.

Obviously the credit bureaus along with your creditors and lenders may not be conscious that you are a victim of id theft. If you do not inform them, the lenders will just assume it is you who may be taking off the new lines of financing rather than paying things back. This may really ruin your credit score. When your report has become damaged, let us discuss some steps you need to decide to use to perform the repair:


Read more Managing Your Credit Report After Being A Victim Of Identity Fraud

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