×

Diversified Financials Consumer Finance

  • SUPREME COURT DISMISSES ATM FEE ANTITRUST CASES IN LOSS FOR CREDIT CARD COMPANIES, BANKS.

  • WASHINGTON, Nov 17- The U.S. Congress could as soon as January start to dismantle President Barack Obama's transformation of student loan rules by blocking freshly minted regulations designed to help students who say they were defrauded by for-profit colleges. The new measures, which lay out loan relief procedures for the students, were issued by the...

  • JERUSALEM, Nov 17- Israel's banking regulator instructed the country's two largest lenders to make changes to the composition of the boards of their credit card units ahead of a reform aimed at increasing competition. "The transition period until the separation creates a potential for built-in conflicts of interest between the banks and the credit card...

  • NEW YORK, Nov 15- Nasdaq Inc's incoming chief executive officer, Adena Friedman, said on Tuesday that President-elect Donald Trump's economic policies may boost trading and allow banks to take more risks, including lending more to businesses. Nasdaq on Monday announced Friedman, currently president and chief operating officer, would replace long-time CEO...

  • WASHINGTON, Nov 11- When Jeb Hensarling, the Republican chair of the U.S. House Financial Services Committee, released legislation this summer to weaken the major financial law known as Dodd-Frank, many said it was a prêt-a-porter plan that his party's nominee, Donald Trump, could easily adopt. "The CHOICE Act accurately reflects the priorities that President...

  • WASHINGTON, Nov 11- When Jeb Hensarling, the Republican chair of the U.S. House Financial Services Committee, released legislation this summer to weaken the major financial law known as Dodd-Frank, many said it was a prêt-a-porter plan that his party's nominee, Donald Trump, could easily adopt. "The CHOICE Act accurately reflects the priorities that President...

  • WASHINGTON, Nov 11- When Jeb Hensarling, the Republican chair of the U.S. House Financial Services Committee, released legislation this summer to weaken the major financial law known as Dodd-Frank, many said it was a prêt-a-porter plan that his party's nominee, Donald Trump, could easily adopt. "The CHOICE Act accurately reflects the priorities that President...

  • WASHINGTON, Nov 11- The U.S. Consumer Financial Protection Bureau, already in legal limbo after an October court decision, could find its powers scaled back by President-elect Donald Trump and a Republican-led Congress, according to members of both political parties, lobbyists and lawyers. An agency to protect consumers' finances was the idea of liberal...

  • WASHINGTON, Nov 11- The U.S. Consumer Financial Protection Bureau, already in legal limbo after an October court decision, could find its powers scaled back by President-elect Donald Trump and a Republican-led Congress, according to members of both political parties, lobbyists and lawyers. An agency to protect consumers' finances was the idea of liberal...

  • BLANKFEN SAYS IN 10 YEARS HE HOPES LOANS OUTSTANDING FOR CONSUMER LENDING BUSINESS WILL BE IN THE "BILLIONS".

  • Battling bigotry is the first job for Democrats after the election, said Warren, of Massachusetts, giving a sense of how her party will operate now that it no longer controls the White House and remains the minority in both chambers of Congress. "Whether Donald Trump sits in a glass tower or sits in the White House, we will not give an inch on this, not now, not ever."

  • Senator Elizabeth Warren threw down the gauntlet to Republican President-elect Donald Trump on Thursday, saying in a fiery speech that her party will fight him on social issues and to uphold financial regulation. "Whether Donald Trump sits in a glass tower or sits in the White House, we will not give an inch on this, not now, not ever." In a speech to the AFL-CIO labor...

  • DEMOCRATIC SENATOR WARREN: WILL FIGHT TRUMP, REPUBLICANS "EVERY STEP OF THE WAY" ON LOOSENING FINANCIAL REGULATION, GUTTING DODD-FRANK, ENDING CONSUMER FINANCIAL PROTECTION BUREAU.

  • NEW YORK, Nov 10- Wall Street power brokers may have rolled their eyes in private when ex-Goldman Sachs Group Inc banker Steven Mnuchin agreed to be Donald Trump's national finance chairman, but now they are lining up to meet him. During the presidential campaign, many people on Wall Street had supported his Democratic rival Hillary Clinton viewing her as a...

  • NEW YORK, Nov 10- Wall Street power brokers may have rolled their eyes in private when ex-Goldman Sachs Group Inc banker Steven Mnuchin agreed to be Donald Trump's national finance chairman, but now they are lining up to meet him. During the presidential campaign, many people on Wall Street had supported his Democratic rival Hillary Clinton viewing her as a...

  • LONDON- Bank of England Deputy Governor Jon Cunliffe speaks at the Association for Financial Markets in Europe Annual dinner- 2055 GMT. BERLIN- Bank of England Executive Director for Resolution Andrew Gracie is a panelist at the Financial Risk and Stability Network Financial Stability Conference 2016- 1245 GMT. CAMBRIDGE, United States- European Central Bank...

  • LONDON- Bank of England Deputy Governor Jon Cunliffe speaks at the Association for Financial Markets in Europe Annual dinner- 2055 GMT. BERLIN- Bank of England Executive Director for Resolution Andrew Gracie is a panelist at the Financial Risk and Stability Network Financial Stability Conference 2016- 1245 GMT. CAMBRIDGE, United States- European Central Bank...

  • LONDON, Oct 26- British banks approved more mortgages last month after the number of approvals fell to a 19- month low in August, while consumer lending grew at its fastest rate in nearly a decade, industry figures showed on Wednesday. The British Bankers' Association said its members approved 38,252 mortgages for house purchase in September, down 15 percent on a...

  • TORONTO, Oct 25- The number of Canadians turning to high-cost payday loans has more than doubled since 2009 to 4 percent of households, the country's consumer watchdog said in a report published on Tuesday. The Financial Consumer Agency of Canada said that, as a result of its findings, it will bolster its consumer education material and work closely with...

  • Oct 24- Synchrony Financial said on Monday its has joined R3, a group of companies working on blockchain technology, making it the first credit-card issuer to join the consortium. Blockchain is a web-based transaction-processing and settlement system whose efficiency banks say could slash costs. The first cross-border transaction between banks using...