WASHINGTON - The Federal Reserve has tightened the conflict-of-interest restrictions governing directors of its 12 regional banks. (Boston Globe, 11/25/09)
McLEAN, Va. - Average rates for 30-year fixed mortgages fell this week, matching a record low set last spring and more than a full percentage point below what they were a year ago, Freddie Mac said yesterday. (Boston Globe, 11/25/09)
NEW YORK - Connecticut plans to join Ohio in suing credit-rating companies for “negligent, reckless, and incompetent work’’ in grading debt purchased by state pension funds, Attorney General Richard Blumenthal said yesterday. (Boston Globe, 11/25/09)
WASHINGTON - Coming soon to a theater near you: credit card advice from the Federal Reserve. The central bank will pay for 45-second advertisements to run in 12 movie theaters in major metropolitan areas, including Boston, from tomorrow to next Thursday. They will encourage consumers to “use their credit cards wisely’’ during the holiday shopping season. (Boston Globe, 11/25/09)
NEW YORK - Citigroup Inc. , a bank that’s 34 percent owned by the US government, agreed to sell its Diners Club North America credit-card business, ending its 28-year-old ties to the world’s first charge card. (Boston Globe, 11/24/09)