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Diversified Financials Consumer Finance

  • State records reviewed by The Associated Press show Navient Corp. has reported spending at least $44,000 since January on lobbyists in Maine, New York and Washington, states where lawmakers are considering licensing requirements. Lawmakers this year have considered such licensing and oversight bills in at least 10 states, including Illinois and...

  • WASHINGTON, June 15- The head of the U.S. Consumer Financial Protection Bureau accused congressional critics of relying on "misstatements" to criticize his agency, which was set up under former President Barack Obama to pursue bad behavior by financial institutions. The five-page letter took issue with multiple conclusions reached in a report released...

  • By Matt Scuffham and John Tilak. The company plays an important role in Canada's mortgage market, lending to borrowers who cannot get loans from the country's biggest banks, such as self-employed workers and new immigrants. Canada's biggest non-bank lender must still overcome hurdles, though, including finding a permanent chief executive, rebuilding...

  • "Consolidating debt into one spot can be empowering and helpful from a psychological standpoint because it feels manageable," says Mathew Isaac, associate professor of marketing at Seattle University's Albers School of Business and Economics. Households that carried credit card debt last year had balances averaging $16,748, according to an annual study by...

  • WASHINGTON— Credit card holders will soon pay more. A series of Fed hikes generally means that overseas investors in search of interest income can increase their returns by shifting money into the United States. The most immediate effects, though, are generally on borrowers in the United States.

  • WASHINGTON— Credit card holders will soon pay more. A series of Fed hikes generally means that overseas investors in search of interest income can increase their returns by shifting money into the United States. The most immediate effects, though, are generally on borrowers in the United States.

  • In a Wednesday securities filing, Bradesco said Brazil's Federal Regional Court of the 1st Region acquitted Trabuco of charges he participated in a plan to avoid the fine imposed by Brazil's Tax Revenue Service. The accusations against Trabuco, one of Brazil's most influential power brokers, came as a series of corruption scandals at state firms rattled...

  • In a Wednesday securities filing, Bradesco said Brazil's Federal Regional Court of the 1st Region acquitted Trabuco of charges he participated in a plan to avoid the fine imposed by Brazil's Tax Revenue Service. The accusations against Trabuco, one of Brazil's most influential power brokers, came as a series of corruption scandals at state firms rattled...

  • U.S. enforcement agencies— the Consumer Financial Protection Bureau and the Federal Trade Commission— in recent years have closed only seven companies that lured consumers with rosy promises to reduce or forgive student loan debt. The search of state and federal documents nationwide identified companies hit by lawsuits, court actions or negative Better...

  • Washington, June 13- Wall Street banks on Tuesday cheered U.S. The Trump administration has said the bulk of its plan for overhauling bank regulation can be done via executive order and through regulators, rather than requiring legislation from Congress. Trump has gradually been nominating heads of financial agencies, but only Treasury Secretary Steven...

  • CREDIT CARD INDUSTRY ENTERING PHASE OF RISING LOSSES- JPMORGAN CHASE& CO CONSUMER CHIEF GORDON SMITH.

  • Last week, the San Francisco provider of student and personal loans submitted an application for federal deposit insurance, a protection normally only available to conventional banks. In its application, the company said its SoFi Bank subsidiary will offer bread-and-butter banking products, including checking accounts, debit cards and eventually credit...

  • *Dow hits record intraday high. June 13- U.S. stocks rose on Tuesday, with the Dow hitting an all-time high as bank and technology shares gained. "The selloff in tech probably was a bit further than people expected, so there is some bargain hunting back into that sector," said Rick Meckler, president of LibertyView Capital Management.

  • WASHINGTON, June 13- A U.S. Treasury Department plan for reworking financial rules would reduce regulatory overlap and help the economy, the official tasked with drawing up the proposal said, rebutting criticism from Democratic lawmakers that the effort was aimed at boosting bank profits. Craig Phillips, counselor to Treasury Secretary Steven Mnuchin, said...

  • *Dow hits record intraday high. June 13- U.S. stocks were higher on Tuesday, with the Dow hitting an all-time high as bank stocks gained and technology shares rebounded from a selloff. "The selloff in tech probably was a bit further than people expected, so there is some bargain hunting back into that sector," said Rick Meckler, president of LibertyView Capital...

  • President Donald Trump will be able to overhaul many of the Wall Street reforms put in place after the 2007-2009 financial crisis without the blessing of Congress, where Senate Democrats could throw up procedural roadblocks. Just one of Trump's financial regulatory nominees has been approved by Congress, Securities and Exchange Commission Chair Jay...

  • June 13- The Dow Jones Industrial Average hit a record intraday high as bank stocks rose ahead of a highly anticipated interest rate hike and as technology stocks rebounded. Investors are also looking for more details on the central bank's plans to trim its $4.5 trillion balance sheet. The Fed is expected to release its decision at 2:00 p.m. ET on Wednesday...

  • June 13- U.S. stocks looked set to open higher on Tuesday as technology shares staged a recovery after a two-day rout, while investors awaited the Federal Reserve to kick off a meeting, where it is almost certain to raise interest rates. Investors are also looking for more details on the central bank's plans to trim its $4.5 trillion balance sheet.

  • The nearly 150- page report suggested more than 100 changes, most of which would be made through regulators rather than Congress, Treasury Secretary Steven Mnuchin said in an interview. Republican President Donald Trump has gradually been nominating heads of financial agencies to carry out his agenda, but only Mnuchin and Securities and Exchange...

  • The nearly 150- page report that suggested more than 100 changes, most of which would be made through regulators rather than Congress, Treasury Secretary Steven Mnuchin said in an interview. Republican President Donald Trump has gradually been nominating heads of financial agencies to carry out his agenda, but only Mnuchin and Securities and Exchange...