GO
Loading...

Enter multiple symbols separated by commas

Consumer Finance

More

  • July 22- Credit card issuer American Express Co reported a 5 percent fall in quarterly profit as a stronger dollar reduced revenue from markets outside the United States. The company's net income attributable to common shareholders declined to $1.44 billion, or $1.42 per share, in the second quarter ended June 30, from $1.52 billion, or $1.43 per share, a year...

  • American Express profit hurt by strong U.S. dollar Wednesday, 22 Jul 2015 | 4:14 PM ET

    July 22- Credit card issuer American Express Co reported a 5 percent fall in quarterly profit as a stronger dollar reduced revenue from markets outside the United States. The company's net income attributable to common shareholders declined to $1.44 billion, or $1.42 per share, in the second quarter ended June 30, from $1.52 billion, or $1.43 per share, a year...

  • UPDATE 2-Citi to shut Banamex USA, pay $140 mln fine Wednesday, 22 Jul 2015 | 3:56 PM ET

    July 22- Citigroup Inc said it would shut its Banamex USA operations and pay $140 million to regulators who alleged the bank did not correct weaknesses they had found in 2012 in its anti-money laundering programs. California- based Banamex USA is an affiliate of Banco Nacional de Mexico, which Citigroup bought in August 2001. The payment, the largest by a bank to...

  • July 22- Citigroup said it would shut banking operations at Banamex USA and that the unit was fined $140 million by U.S. regulators over weaknesses in its anti-money laundering programs. Banamex USA, a unit of the Citi's Mexican bank, has about 300 employees in three branches in California and Texas. Citi said Banamex USA planned to close its Houston and San...

  • Senate GOP adds Dodd-Frank rewrite to $21B funding bill Wednesday, 22 Jul 2015 | 12:24 PM ET

    The measure approved Wednesday by a Senate panel would ease requirements on smaller banks and give lenders greater freedom from mortgage lending rules. The measure cleared the Banking Committee on a party-line vote two months ago and appears unlikely to pass the Senate soon. At the same time, the legislation would require the report to be submitted to...

  • WASHINGTON, July 22- The banking arm of Discover Financial Services agreed to pay $18.5 million in consumer refunds and penalties on Wednesday to settle allegations of illegal practices tied to its student loan servicing business, a U.S. regulator said. The Consumer Financial Protection Bureau said that Discover Bank overstated the minimum amounts due on...

  • WASHINGTON, July 22- The U.S. Consumer Financial Protection Bureau on Wednesday directed Discover Financial Services' banking unit to pay $18.5 million in consumer refunds and penalties over accusations of illegal practices tied to student loan servicing. Discover overstated the minimum amounts due on billing statements and took unfair actions in debt...

  • *Citi to pay $700 mln in relief to borrowers. July 21- Citigroup Inc's consumer bank has been ordered to pay $700 million in relief to borrowers for illegal credit card practices, the U.S. Consumer Financial Protection Bureau said. Citi will also pay civil penalties of $35 million each to the consumer finance watchdog and the Office of the Comptroller of the...

  • July 21- Citigroup Inc's consumer bank has been ordered to pay $700 million in relief to borrowers for illegal credit card practices, the U.S. Consumer Financial Protection Bureau said. The $770 million total payout is about 1 percent of Citi's estimated revenue for 2015, according to Thomson Reuters StarMine. "Citi is fully reserved to pay costs associated...

  • July 21- Citigroup Inc's consumer bank has been ordered to pay $700 million in relief to borrowers for illegal credit card practices, the U.S. Consumer Financial Protection Bureau said. Citigroup is not the only big U.S. bank whose credit card practices are under scrutiny. Citigroup shares were up 0.6 percent at $59.19 in late morning trading on the New York Stock...

  • NEW YORK— Nine million credit card customers will receive refund checks from Citigroup after U.S. regulators forced the bank to repay $700 million and fined it $70 million for illegal and deceptive practices. Some of the illegal activity by Citi goes back to as early as 2000, the CFPB said, and ended in 2013, and covers a range of products sold by Citi and...

  • Invoking Iraq War, Obama brushes off Iran deal critics Tuesday, 21 Jul 2015 | 6:05 AM ET

    PITTSBURGH, Penn.— Denouncing "chest-beating" critics, President Barack Obama told a veterans group Tuesday that those who oppose the diplomatic agreement to rein in Iran's nuclear program are some of the same people who were quick to want to go to war in Iraq and thought military action there would take only a matter of months. The White House is mounting a massive...

  • CVS warns customers of possible security breach Friday, 17 Jul 2015 | 12:39 PM ET

    CVS is warning customers that its online photo service may have suffered a data breach and has shut it down.

  • Woonsocket, Rhode Island- based CVS Health Corp. said Friday that payment information on the site is collected by an outside vendor, which it identified as Canada- based PNI Digital Media. Neither CVS nor Staples Inc., PNI's parent company, would say how many customers could potentially be affected, both adding that they have investigations under way and will...

  • HELENA, Mont.— Three leaders of an online lending company owned by Montana's Chippewa Cree Tribe are claiming tribal immunity in asking a Vermont judge to dismiss a lawsuit that alleges they are predatory lenders who are breaking federal and state laws. Plain Green CEO Joel Rosette and board members Ted Whitford and Tim McInerney said in their request filed...

  • The U.S. Consumer Financial Protection Bureau and Department of Justice said American Honda Finance Corp also would change its pricing and compensation system to reduce the potential for discrimination. American Honda Finance Corporation said in a statement that it opposed discrimination. According to the complaint, Honda charged thousands of...

  • The U.S. Consumer Financial Protection Bureau and Department of Justice said American Honda Finance Corp also would change its pricing and compensation system to reduce the potential for discrimination.

  • TORONTO, July 14- Bank of Nova Scotia said on Tuesday it will buy Citigroup Inc's retail and commercial banking operations in Panama and Costa Rica, expanding its presence in Central America. The Canadian lender, which operates under the Scotiabank banner, said the deal will lift its market share in credit cards to about 18 percent in Panama and to 15 percent in...

  • TORONTO, July 9- Canada's housing boom is increasingly driving homebuyers to seek mortgages from private lenders, who demand rates that can be more than five times higher than those charged by the nation's banks. Canadian house prices have risen 36 percent since June 2009, according to the Teranet-National Bank house price index. "Business is brisk, without...

  • July 8- JPMorgan Chase& Co will pay $136 million and reform its credit card collection practices as part of a joint state-federal settlement, U.S. state attorneys general and the Consumer Financial Protection Bureau said on Wednesday. It will also pay at least $50 million in consumer refunds and $30 million to the Office of the Comptroller of the Currency in a...