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The company hopes to sell credit cards and other products heavily to Hispanic customers, for example.
Like Citigroup's CitiFinancial unit, Household plans to sell credit insurance with monthly premiums instead.
While other companies sell credit monitoring too, Experian is the biggest player in the lucrative niche of selling monthly monitoring.
Second, Congress should take up the question of whether parties with no stake in the underlying instrument should be allowed to buy or sell credit default swaps.
The companies that compile and sell credit reports on 200 million Americans have often dismissed allegations of widespread errors in the reports.
In a statement yesterday, the attorney general, Roy Cooper, said: "The investigation revealed that the Associates pressured its employees to sell credit insurance on all mortgage loans.
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And so they began to sell credit-default swaps and package those into collateralized debt obligations.
To be sure, credit bureaus sell credit-monitoring services to consumers, but those services create odd conflicts for the bureaus.
Complicating things further, it is possible to buy and sell credit-default swaps without owning the underlying bonds.
Further tricky issues abound: who should have the right to sell credits?
It lets utilities buy and sell credits that give them a pollution allowance.
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