Diversified Financials Consumer Finance

  • Companies like Baltimore's Terbium Labs have professionalized crawling the Dark Web, where criminals trade or sell large quantities of stolen credit card data and most other imaginable categories of personal information. Austin- based AllClear ID, formerly known as Debix, is among the companies that go beyond credit monitoring and report additional...

  • Cow

    Fees to companies to originate loans vary widely and have drawn regulators' attention.

  • WASHINGTON, May 5- New rules proposed on Thursday by a U.S. consumer watchdog would block credit card companies, banks and other firms from forcing customers to waive their rights to join class action lawsuits and settle disputes only through arbitration. The Consumer Financial Protection Bureau said financial firms should be barred from using fine print in...

  • WASHINGTON, May 5- A U.S. consumer watchdog on Thursday proposed new rules to block credit card companies, banks and other companies from forcing customers to waive their rights to join class action lawsuits and settle disputes only through arbitration. The Consumer Financial Protection Bureau proposed barring financial firms from including fine print in...

  • WASHINGTON, May 5- A U.S. consumer watchdog on Thursday proposed new rules to block credit card companies, banks and other companies from forcing customers to waive their rights to join class action lawsuits and only settle disputes through arbitration. The Consumer Financial Protection Bureau proposed barring financial firms from including fine print in...

  • April 20- American Express Co's profit fell for the fourth straight quarter as costs jumped 5 percent after the credit card issuer boosted spending to fend off rising competition. Net income attributable to common shareholders fell to $1.39 billion, or $1.45 per share, for the first quarter ended March 31, from $1.51 billion, or $1.48 per share, a year earlier.

  • NEW YORK, April 13- Investing in Glacial Energy Holdings Inc should have been a disaster. By 2013, Texas utility regulators had fined Glacial $100,000 for overbilling customers and not disclosing that founder and Chief Executive Officer Gary Mole's previous energy venture had collapsed. Mole was forced to resign from the company's Texas subsidiary.

  • New York, April 13- A lawyer for Andrew Caspersen, a former partner at a unit of investment bank PJT Partners Inc charged with trying to steal $95 million from investors, said on Wednesday that a deal with federal prosecutors is expected within 60 days. Shechtman, who is representing Caspersen in both cases, said he also expects to settle with SEC after the criminal...

  • SAN FRANCISCO, April 12- Serial Silicon Valley entrepreneur Max Levchin has raised $100 million for his consumer lending startup Affirm, bucking the trend of falling valuations and slowing growth confronting other financial technology companies. The funding round, which puts Affirm's total financing at about $425 million, came from a longtime friend of...

  • WASHINGTON, April 11- The number of nonbank firms that service mortgages in the United States is growing but the federal agency charged with protecting borrowers has no single list of the companies, even though they can pose major risks to consumers, according to a report released on Monday. In its report, the Government Accountability Office found the Consumer...

  • Fiduciary rules targets client's interests

    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.

  • 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.

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

  • 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.

  • PayPal

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