My Free Credit Report

WASHINGTON (Reuters) – U.S. consumer borrowing fell for the first time in more than a decade in August amid tighter credit markets, tougher lending standards and declining consumer spending, a Federal Reserve report showed on Tuesday.

Suspect sought in connection with stolen purse in Port St. Lucie, credit card use (Fort Pierce Tribune)
Someone apparently went on a two-county spending spree Sunday with a credit card stolen from the car of a woman who was in church at the time, according to a police report obtained Tuesday.

Asia follows global rate cuts (Reuters via Yahoo! News)
Two Asian central banks followed the world’s largest economies in cutting rates to contain the global financial crisis as a newspaper reported Washington was considering buying into banks to revive shattered confidence.

Credit markets still tight as more companies report finance problems (USA Today)
The jammed credit markets barely budged Monday as governments around the world scrambled to prop up their failing banks and investors waited for details on how, exactly, the Treasury will go about buying $700 billion of U.S. banks’ mortgage assets.

Circuit City loses credit agency approval (Richmond Times-Dispatch)
Bernard Sands, a credit reporting company, is concerned that Henrico County-based Circuit City Stores Inc. might become unable to pay vendors. Therefore, Bernard Sands has pulled its recommendation that manufacturers ship goods to the retailer after Circuit City last week reported a loss of $239 million for the second quarter.

Painted Pony Announces $9.5 Million Increase in Credit Facility (CCNMatthews via Yahoo! Finance)
CALGARY, ALBERTA– – Painted Pony Petroleum Ltd. is pleased to report that its revolving credit facility has increased by $9.5 million to a $17.0 million demand revolving operating credit facility and the $5.0 million demand non-revolving acquisition/development facility with a Canadian chartered bank.

GOVERNANCE FAILURE IN BANKS IS KEY TO CREDIT CRUNCH ARGUES ACCA (Accounting Education)
The principal source of the credit crunch is a failure in corporate governance at banks, which encouraged excessive short-term thinking and a blindness to risk, says ACCA (the Association of Chartered Certified Accountants) today in a report about the year-long financial crisis….