Diversified Financials Consumer Finance


  • The American Tort Reform Association and DRI-The Voice of the Defense Bar told Reuters on Tuesday that medical funders take advantage of the people they claim to be helping. The U.S. Chamber of Commerce, another proponent of business-friendly tort reform, said in a statement Tuesday that medical funding is "a blatant abuse of the system" that leaves "actual...

  • First Data chooses Citigroup, Morgan Stanley to lead IPO Wednesday, 26 Aug 2015 | 4:06 PM ET

    Aug 26- Citigroup and Morgan Stanley will lead the market debut of credit card processor First Data, in what will be one of the biggest initial public offerings of the year if it goes ahead. Absent on the list of 15 banks chosen by First Data, which includes Bank of America Merrill Lynch and Goldman Sachs, was JPMorgan Chase, a major player in underwriting equity...

  • PayPal expands 'One Touch' payments Wednesday, 26 Aug 2015 | 6:00 AM ET
    PayPal expands 'One Touch' payments

    Paypal expands in 13 global markets as mobile payment market continues to grow.

  • NEW YORK, Aug 24- Hey, remember that newsletter that let you sign up for a free trial? How about that old domain name you registered, or your kid's gaming membership, or the magazine subscription that was initially offered as a freebie. "Nine out of 10 people don't check their credit-card charges carefully," says Mick Weinstein, vice president of software company...

  • Pension advance firms cheat retirees -U.S. lawsuit Thursday, 20 Aug 2015 | 3:00 PM ET

    The lawsuit against Pension Funding LLC and Pension Income LLC was brought by the U.S. Consumer Financial Protection Bureau and the New York State Department of Financial Services. It accused the California- base companies and their principals of duping older Americans, mainly through online pitches, from 2011 through last December into redirecting...

  • Target in deal to settle breach claims with Visa Wednesday, 19 Aug 2015 | 8:24 AM ET
    A Target store in Edgewater, N.J.

    Target reached a deal to pay up to $67 million to settle Visa claims related to a 2013 data breach that resulted in the debit and credit card theft.

  • U.S. consumers have $1 trillion of automobile loans outstanding, up from about $700 billion in the first quarter of 2010, according to data from the New York Federal Reserve. The fourth-largest U.S. bank has 56 branches for car and dealer financing, including one it recently opened in Cherry Hill, New Jersey, said Dawn Martin Harp, head of dealer services.

  • JPMorgan pays up Wednesday, 8 Jul 2015 | 10:00 AM ET
    JPMorgan pays up

    Reports are JPMorgan will pay $125 million to settle credit card debt probes.

  • Is Indonesia inflating a credit bubble? Wednesday, 20 May 2015 | 7:17 PM ET
    An employee of BNI bank, an Indonesian state-owned bank, prepares rupiah banknotes for their ATMs and branch offices.

    Stories that begin with central banks easing bank lending requirements don't often end happily, but Indonesia may dodge creating a credit bubble.

  • Hard Rock Hotel reports possible credit card breach Monday, 4 May 2015 | 7:26 AM ET
    Hard Rock Hotel, Chicago, Il.

    Hard Rock Hotel& Casino Las Vegas said an attack may have allowed hackers to steal credit card information used at its retail and service locations.

  • A third of millennials have never had a credit card Wednesday, 15 Apr 2015 | 2:49 PM ET
    Millennial with credit card

    A bad economy and dismal job prospects have prompted millennials to find alternatives to credit cards.

  • Soaring Asia household debt not fully captured Thursday, 2 Apr 2015 | 12:30 AM ET

    Household debt across Asia is raising red flags, but the official data may not capture the full picture for families around the region.

  • Credit cards that save you money overseas Wednesday, 1 Apr 2015 | 7:00 AM ET
    Tourists at Eiffel Tower Paris

    Credit cards can save you money when you travel, or cost you big time. Here's how to get the most bang for your buck on that European vacation.

  • Is the 401(k) experiment a failure? Monday, 23 Mar 2015 | 7:00 AM ET
    Senior couple working in cafe

    With the median account balance under $19,000, 401(k) plans are failing as a safety net. Here's what happened.

  • MasterCard profit beats as customers spend more Friday, 30 Jan 2015 | 10:26 AM ET

    MasterCard reported a better-than-expected profit for the holiday shopping quarter as customers swiped their cards more often.

  • Singapore property faces test as rates rise Thursday, 8 Jan 2015 | 9:07 PM ET

    Singapore's efforts to rein in household debt and its sky-high home prices appear set for their first test as local rates begin to rise.

  • Taste for imports drives up Japan's grocery bill Sunday, 28 Dec 2014 | 5:43 PM ET

    Yen weakness is driving up the cost of Japan's food imports, but analysts say pinched pocketbooks won't slow consumers' taste for meals from overseas.

  • UK courts Islamic finance market Sunday, 2 Nov 2014 | 3:48 AM ET
    Booths at the Global Islamic Finance Forum in Kuala Lumpur, Malaysia, on Wednesday, Sept. 3, 2014.

    The U.K. is taking steps to widen its Islamic finance market, boosting its industry credentials as competition intensifies among global financial centers.

  • Credit card delinquency rate hits record low in Q2 Tuesday, 26 Aug 2014 | 12:15 PM ET
    credit card debt payment bill

    The rate of US credit card payments at least 90 days overdue fell to its lowest level in at least seven years, according to TransUnion.

  • Confusion still surrounds overdraft policies Saturday, 9 Aug 2014 | 7:00 AM ET
    A Visa debit card is shown at the center of other debit and credit cards in Washington.

    A majority of the bank customers who paid a debit card overdraft penalty fee in the last year, did not recall signing up for this service