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City to sue restaurant's owner over unpaid loans (The Buffalo News)
LOCKPORT -- The city will take the owner of the former Metropolitan Bar and Grill to court to try to collect about $376,000 he owes on defaulted city loans.

State loans to improve shipping of products (The Columbus Dispatch)
Ohio plans to jumpstart economic development and improve transportation networks for business by handing out $100 million in forgivable loans, state officials announced yesterday.

Banks, investment firms reduce Fed loans (Washington Post)
WASHINGTON -- Commercial banks and investment firms reduced borrowing from the Federal Reserve's emergency lending program over the past week, although demand for the loans was still elevated.

Ford 'wants 40bn euros in EU loans' for industry (AFP via Yahoo! News)
The European Union should make around 40 billion euros (50 billion dollars) in loans available to the continent's ailing auto sector, the head of Ford Germany said in comments published Friday.

Official aims to limit payday loans online (Las Vegas Review-Journal)
Nevada payday lenders should be barred from making loans over the Internet to protect consumers in other states, a state official proposed Friday.

Demand for student loans on the rise; cash is short (Austin American-Statesman)
Carlos Richardson , a sophomore studying psychology at Austin Community College, hasn't had to take out student loans — yet.

U.S. Bancorp takes over deposits of two failed California savings and loans (Minneapolis-St. Paul Star Tribune)
Victims of bad loans from the housing bubble, Downey S&L and Pomona Bank & Trust brought the number of U.S. bank failures to 22.

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