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  • 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...

  • Feb 9- American Express Co wants to grow small-business lending to make up for revenue it expects to lose after its credit card partnership with Costco Wholesale Corp ends this year. The planned end of the partnership in March has been delayed a few months because it has taken more time to move customers to a new card, the Seattle Times reported last week.

  • WASHINGTON, Feb 5- HSBC Holdings Plc will pay $470 million to settle parallel U.S. federal and state civil charges alleging the bank's mortgage servicing arm engaged in abusive foreclosure and loan origination practices, the New York Attorney General's office said on Friday. The mortgage settlement resolves claims brought against the London- based bank by...

  • Feb 4- Online retailer Amazon.com Inc has renewed its long-running credit card relationship with JPMorgan Chase& Co, the Wall Street Journal reported. At least one other card issuer was also interested in a tie-up with Amazon for payment cards, the Journal reported on Thursday, citing people familiar with the matter. The financial details of the deal were not...

  • Feb 4- Online retailer Amazon.com Inc has renewed its long-running credit card relationship with JPMorgan Chase& Co, the Wall Street Journal reported. At least one other card issuer was also interested in a tie-up with Amazon for payment cards, the Journal reported on Thursday, citing people familiar with the matter. The financial details of the deal were not...

  • WEDNESDAY, FEBRUARY 3 LONDON- Treasury Select Committee Hearing- The Economic and financial costs and benefits of UK's EU membership with Bank of England's Chief Executive Officer of the Prudential Regulation Authority Andrew Bailey- 1415 GMT. ROME- UK Finance Minister George Osborne and Italian Economy Minister Pier Carlo Padoan take part in a debate...

  • WASHINGTON, Feb 2- Toyota Motor Credit Corp has agreed to pay up to $21.9 million in restitution to thousands of African-American, Asian and Pacific Islander customers, for charging them higher interest rates on auto loans than white borrowers with comparable creditworthiness, the U.S. government said. Toyota Motor Credit will also change its pricing and...

  • WASHINGTON, Feb 1- Banks lowered lending standards for U.S. households in the fourth quarter but tightened them for commercial and industrial loans, according to a survey of loan officers released on Monday by the Federal Reserve. The U.S. central bank said banks moderately eased standards for mortgages and auto loans while leaving them unchanged for credit...

  • MADRID, Feb 1- Spain's High Court said on Monday it would open a trial against former International Monetary Fund chief Rodrigo Rato and dozens of other people alleged to have misused credit cards for personal expenses while at Spanish lender Bankia. Rato, a former Spanish finance minister and one-time leadership contender for the ruling centre-right...

  • MADRID, Feb 1- Spain's High Court said on Monday it will open a trial against former IMF chief Rodrigo Rato and dozens of other people alleged to have misused credit cards for personal expenses while at Spanish lender Bankia. Rato, a former Spanish finance minister and one-time leadership contender for the center-right People's Party, has denied wrongdoing in...

  • PayPal

    PayPal reported quarterly earnings and revenue that beat analysts' expectations on Wednesday.

  • Car dealership

    Varying credit scores can lead to consumer confusion, frustration and anger. But you can clean up the mess made by the financial industry.