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  • A customer uses a Bank of America ATM, Sept. 29, 2011, in Los Angeles.

    Despite concerns about the safety of U.S. banks, they're the strongest they've been in decades, storied bank analyst Richard Bove said.

  • April 4- Republican presidential candidate Donald Trump's string of luxury hotel properties, The Trump Hotel Collection, appears to be dealing with the second breach of its credit card systems in a year, KrebsonSecurity reported on Monday. The company was investigating the claims, the blog reported. The company could not be immediately reached.

  • The FCC said there are 97.8 million American households and business subscribers to fixed broadband service and 223 million U.S. mobile phones with internet access, according to the most recent data. More than 85 percent of all Americans use the Internet and typically spend $60 or $70 a month on service, the FCC said, and the new labels could be a big factor in which...

  • AMSTERDAM, April 4- In one of the more unusual side effects of negative interest rates, at least one Dutch household will be receiving, rather than paying, a mortgage payment from their bank. In a ruling announced on Monday, the Netherlands' consumer financial products watchdog, Kifid, said it had sided with the unnamed holders of the variable interest rate mortgage,...

  • Urban Chinese Financial Sentiment Index

    The Urban Chinese Financial Sentiment index tracks Chinese household finances, which better reflect spending behavior, says RFI Group's Charles Green.

  • March 17- An online company that sells customer information to businesses making payday loans has agreed to pay a $1 million penalty and stop generating such leads in New York, the state's financial regulator said on Thursday. Blue Global LLC in Scottsdale, Arizona, and its chief executive officer, Chris Kay, agreed to the measures in a settlement with the New York...

  • March 17- An online company that sells leads for payday loans has agreed to pay a $1 million penalty and stop generating leads in New York, the state's financial regulator said on Thursday. Blue Global LLC in Scottsdale, Arizona, and its chief executive officer, Chris Kay, agreed to the measures in a settlement with the New York State Department of Financial...

  • March 17- An online company that sells leads for payday loans has agreed to pay a $1 million penalty and stop generating leads in New York, the state's financial regulator said on Thursday. Blue Global LLC and its chief executive officer, Chris Kay, agreed to the measures in a settlement with the New York State Department of Financial Services, the regulator said.

  • PAYDAY LOAN COMPANY BLUE GLOBAL LLC AND CEO TO PAY $1 MLN PENALTY TO NEW YORK FINANCIAL REGULATOR- NYDFS.

  • TABLE-DELINQUENCY RATES FALL AT MAJOR U.S. March 15- Delinquency rates fell in February at major U.S. banks and credit card companies, with an expeception of American Express and JPMorgan Chase, which remained flat. Charge-off rates were flat at American Express, while it fell at Discover Financial Services, Bank of America Corp and JPMorgan.

  • Insure.com has ranked car insurance premiums in every state. Here are the five best and five worst places to find affordable auto insurance.

  • The bank tapped mortgage executives Matt Vernon and John Schleck to lead the auto lending business last May, saying they would be able to sell auto loans alongside other products such as checking accounts and home equity loans. In interviews, the executives and their boss, D. Steve Boland, who oversees a broad swath of consumer lending, said they still see room for...

  • *Some Qataris living beyond their means. DOHA, March 3- Credit cards on the limit, huge bank borrowings and a struggle to repay loans: these are the personal debt problems of some Qataris despite the Gulf state's reputation for fabulous wealth. Many are borrowing enormous sums from local banks to finance lifestyles they cannot afford, according to a study by Qatar...

  • The bank tapped mortgage executives Matt Vernon and John Schleck to lead the auto lending business last May, saying they would be able to sell auto loans alongside other products such as checking accounts and home equity loans. In interviews, the executives and their boss, D. Steve Boland, who oversees a broad swath of consumer lending, said they still see room for...

  • AmEx, which was replaced by Citigroup and Visa Inc last year to run Costco Wholesale Corp co-branded credit cards, had estimated a gain of about $1 billion from the sale.

  • NEW YORK, Feb 27- At last May's annual meeting of his Berkshire Hathaway Inc, Warren Buffett said he had "no apologies whatsoever" for the lending practices of the company's Clayton Homes mobile home unit, which had been accused in a published report of predatory lending. "Kevin Clayton has again delivered an industry-leading performance," Buffett wrote on...

  • An employee fixes part of a web server inside the Facebook Inc. Prineville Data Center in Prineville, Oregon.

    It turns out that social media patterns aren't great at predicting a person's creditworthiness, The Wall Street Journal reports.

  • The LuMee case helps light up your face for a better selfie.

    MasterCard customers will soon be able to replace their passwords with a “selfie” and a fingerprints to verify their identity.

  • WASHINGTON, Feb 23- The Consumer Financial Protection Bureau said on Tuesday it ordered Citibank to pay $5 million back to customers and $3 million in penalties over its debt sales and collection practices. In a statement, the agency said it took action against the financial services company for selling credit card debt with inflated interest rates and for not...

  • NEW YORK, Feb 16- Soros Fund Management, the team investing billionaire George Soros' fortune, is betting big on consumer finance by taking a large position in Synchrony Financial, according to a U.S. securities filing on Tuesday. Soros now owns more than 7.1 million shares, its second-largest public stock position after Luxembourg- based agricultural company...