Econ 101: July 16, 2012

Welcome to ThinkProgress Economy’s morning link roundup. This is what we’re reading. Have you seen any interesting news? Let us know in the comments section. You can also follow ThinkProgress Economy on Twitter.

  • A rising number of American companies believe that the European economic crisis is hurting their sales. [Reuters]
  • Top British regulators will testify before Parliament today on the LIBOR rate rigging scandal. [New York Times]
  • The Justice Department is building several criminal cases related to the LIBOR debacle. [Reuters]
  • Students are covering a larger share of college costs, according to a new survey by student lender Sallie Mae. [Washington Post]
  • A majority of Americans believe the U.S. should have a tougher trade policy with China. [Financial Times]
  • The Consumer Financial Protection Bureau announced today that it will soon begin regulating credit reporting agencies. [CNN Money]
  • Credit card companies and major banks have agreed to pay $6 billion to settle charges that they fixed fees paid by retailers. [Associated Press]