| Aurora police seek help in finding suspect in attempted ATM withdrawal
Aurora police are asking for the public's help in identifying a man who they say tried to withdraw money from an ATM with a stolen credit card. Their suspect is a male who appears to be between 25 and 35 years old and was seen driving a full-size, newer pickup truck or SUV, police said. On Oct. 20, the man twice tried to withdraw funds from an Aurora bank using a credit card that had been stolen earlier that day, police said. A woman shopping at a store on the city's far west side accidentally had left behind her purse in a shopping cart, police said. The man was not able to take any money from the bank account. Detectives say it appears another female was sitting next to the suspect during the attempted theft. Anyone with information on his identity is asked to call police at (630) 801-6768 or Crime Stoppers at (630) 892-1000.
E-mails detail student loan firm's drive for profits
E-mails written by managers of Iowa Student Loan Liquidity Corp., the nonprofit organization that dominates Iowa's college loan industry, show how the agency uses aggressive marketing tactics and seeks "continued hypergrowth."
Iowa's college students are among the most deeply in debt in the nation. That fact has led state lawmakers to examine whether Iowa Student Loan's strategies could be partly responsible.
The topic is on the agenda for a meeting today of the Iowa Legislature's Government Oversight Committee.
Although Iowa Student Loan was created by state government, it is a private, not-for-profit corporation. Today, the agency plays a lead role in guiding thousands of young Iowans in how to pay for their college educations.
Watchdog groups warn students not to rely too heavily on loans to pay for college, especially private loans, which are those offered by a bank or a loan agency such as Iowa Student Loan.
Credit card debt balance up marginally
Australia's credit card balances rose by 0.03 per cent in September, Reserve Bank of Australia figures released on Thursday showed. The total balance of credit and charge card transactions climbed to $41.156 billion, from $41.143 billion in August. Total repayments fell by 9.3 per cent to $16.444 billion in September, from $18.135 billion. The number of credit and charge accounts jumped to 13.75 million in September, from 13.72 million. But the number of purchases using credit cards fell to 10.50 million in September from 11.39 million in August. By value, credit purchases fell to $15.251 billion in September down from $16.950 billion in August. The number of cash advances on credit and charge cards fell to 2.81 million, from 3.01 million as the value of advances declined to $958 million from $1.07 billion.
South Canterbury Finance bonds offered to raise $75m
South Canterbury Finance says it will have a war chest of $250 million to $300m with which to cherry pick the best customers for its loans if a bond issue goes to plan. Linked to Timaru millionaire Allan Hubbard, the finance company plans to offer up to $75m of secured bonds and will take up to $25m extra oversubscriptions for the issue meaning $100m could be raised. The dairy boom and consolidation in the finance company sector were two reasons behind the decision to raise further funds for lending, chief executive Lachie McLeod said. "We're (also) looking at two areas with oil exploration." South Canterbury Finance would only lend to those with strong assets to back the loans, which would typically be $1m-$2m loans in its target market of business, rural and large plant lending.
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