The banking industry has piled on about $18 billion of card loans and other types of revolving credit within just three months, the FT reports.
Oliver Hughes, CEO of Tinkoff Bank, discusses banking in Russia and how his company has managed to turn a profit as consumer credit has contracted.
The largest banks are reportedly increasing the amount of overdraft fees they collect from their customers.
Another fintech start-up has run in to trouble. Online lender Vouch Financial is shutting down, reports said.
Regulators are proposing a significant clampdown on payday lenders and other providers of high-interest loans.
The online lender tells P2P lenders its position is strong, but some could lose on loans.
The bank is discontinuing its popular coin-counting arcades after complaints about their accuracy.
Fees to companies to originate loans vary widely and have drawn regulators' attention.
The Department of Labor will unveil the final version of its fiduciary rule which is designed to ensure financial advisers puts the best interest of their clients ahead of their own.
Despite concerns about the safety of U.S. banks, they're the strongest they've been in decades, storied bank analyst Richard Bove said.
The Urban Chinese Financial Sentiment index tracks Chinese household finances, which better reflect spending behavior, says RFI Group's Charles Green.
Insure.com has ranked car insurance premiums in every state. Here are the five best and five worst places to find affordable auto insurance.
It turns out that social media patterns aren't great at predicting a person's creditworthiness, The Wall Street Journal reports.
MasterCard customers will soon be able to replace their passwords with a “selfie” and a fingerprints to verify their identity.
PayPal reported quarterly earnings and revenue that beat analysts' expectations on Wednesday.
Varying credit scores can lead to consumer confusion, frustration and anger. But you can clean up the mess made by the financial industry.
Aberdeen Asset Management has sounded out potential buyers for the group as the emerging markets slump hits profits, the FT reports.
Japan Post Bank and Japan Post Insurance have set the prices for their IPO at 1,450 and 2,200 yen per share respectively.
Electric car buyers are a passionate bunch, but one thing they don't get excited about is owning their EVs. Seventy-five percent lease.
Consumer sentiment in China improved in September to its highest level in over a year as households shrugged off the gyrations in the country's stock market.