NEW YORK— American Express said Wednesday that its second-quarter profit jumped 37 percent, helped by the sale of its Costco credit card portfolio and increased spending on its namesake cards. AmEx sold the Costco portfolio to Citigroup, providing one-time after-tax gain of $677 million for the April-June quarter. The sale of the Costco credit card portfolio... » Read More
Morningstar said personal information, including credit-card details, of about 2,300 customers may have been compromised due to a security breach last year.
The Supreme Court ruled that an arbitration agreement prevents merchants from bringing class action claims against American Express.
As investors rely increasingly on Finra’s database to vet Wall Street professionals, some brokers and executives are trying to remove complaints.
Free money is mighty appealing and a number of banks and credit unions will pay you $50, $100 or even more to become a new customer, but there is a catch.
The Republican-dominated House of Representatives on Thursday voted to switch federal student loan interest rates to a market-based system.
Americans think that a family of four needs to bring in at least $58,000 a year to get by in their community, a new Gallup survey finds.
Visa Europe, the European licensee of Visa Inc., has offered to cap its inter-bank credit card fees at 0.3 percent of transaction value for four years, the same level as the rival MasterCard network, to end a European Union competition investigation and stave off a possible fine.
Thanks to fast action by the Consumer Financial Protection Bureau, spouses and unmarried partners who run the home will no longer be penalized for lack of income when they apply for cards.
The Consumer Financial Protection Bureau expanded its probe into the car loan industry by issuing subpoenas to auto lenders over the sale of financial products like extended warranties, the WSJ reported.
Visa reported earnings and revenue that beat market expectations. Shares rose after-hours.
Six- and seven-year loans are becoming an increasingly popular choice — and some lenders will even stretch that out to eight years. These long-term loans allow buyers buy the vehicle they want, but it also costs them more.
Parents always want their children to succeed, but a survey from T. Rowe Price shows many parents are "unrealistically optimistic" about their children's financial future.
J.C. Penney shares surged Monday after a research note flagged promising early customer response to the department store chain's weekend launch of Joe Fresh shops within its stores.
The fact is, if you want to get your customer service problem solved, you need to speak up and stand your ground until the company makes you happy.
About 3.6 million Americans were earning at or below the federal minimum wage of $7.25 an hour in 2012, and those weren't all high school students flipping burgers, about half of them were 25 or older. How do they do that? NBC reports.
The latest research busts some everyday beliefs about handling our money that even the smartest of savers may believe.
Peer-to-peer lender Prosper hopes to attract more investors, seeking yield. But is the emerging lending platform too risky?
More Americans fell behind on their auto loan payments in the last three months of 2012, when some borrowers' financial obligations temporarily take a backseat to spending on holiday shopping.
Charge a fee to use your credit card? It's legal for merchants to do that, unless barred by state law. Ten states already ban such surcharges and more may join the list. The legislatures in 11 other states are currently considering bills that would prevent these so-called "check out" fees.
With the economy edging upwards, more car buyers are keeping up with their auto payments or coming up with the cash if the repo man appears. And that's more bad news for mom-and-pops that rely on repo work.