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INDUSTRY UPDATE
A recently released Federal Reserve study on home foreclosures suggest that borrowers in states with defaulter-friendly laws face a reduced supply of mortgage credit.
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In a move to provide consumers with another tool in the fight against identity fraud, Consumer Data Industry Association (CDIA) members, which include some of the nation's credit reporting companies, announced that they had simplified the way victims notify them about the crime. In a separate announcement, CDIA said it had hired a new director of government affairs.
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The Board of Directors of AmeriCredit Corp. announced the reorganization of the Company's executive team. Four executive officers were promoted or had their duties expanded, and two executive officers stepped down.
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Personal bankruptcy filings increased 7.4 percent over the 12-month period ending March 31, 2003, according to the Administrative Office of the U.S. Courts.
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