×

Diversified Financials Consumer Finance

  • *Oil prices fluctuate on uncertainty regarding OPEC deal. Nov 28- U.S. stocks were lower on Monday, weighed down by financial and consumer discretionary stocks, as some investors cashed in after a record-setting week. The dollar had been on a tear on expectations that President-elect Donald Trump's infrastructure spending plans would boost inflation.

  • Nov 23- Having spent billions of dollars on post-crisis U.S. financial industry reforms they once scorned, bankers are concerned the Trump administration, joined by a like-minded Congress, will scrap or significantly change the rules. President-elect Donald Trump, who takes office on Jan. 20, and some important lawmakers in the incoming Republican Congress...

  • Nov 23- Having spent billions of dollars on post-crisis U.S. financial industry reforms they once scorned, bankers are concerned the Trump administration, joined by a like-minded Congress, will scrap or significantly change the rules. President-elect Donald Trump, who takes office on Jan. 20, and some important lawmakers in the incoming Republican Congress...

  • WASHINGTON, Nov 18- The U.S. Consumer Financial Protection Bureau late on Friday asked the entire U.S. Court of Appeals for the District of Columbia to review an October decision that its structure is unconstitutional. In its petition, the agency said last month's ruling overrides Congress's "explicit determination" to create an independent agency in the 2010...

  • A concerned group of New York-based citizens, professionals, artists and activist groups staged a protest vs Wells Fargo's corporate headquarters for crimes against the American public.

    Wells Fargo announced new account openings fell by 44% in October and new credit card applications had plummeted by 50%, NBCNews reports.

  • Nov 17- In recent days Republican Congressional leaders have taken several opportunities to warn Obama Administration regulators not to finish any more rulemakings, but some agency heads, such as U.S. By law, Congress already can vote to disapprove of regulations within 60 legislative days of them becoming final. Because of the congressional calendar and...

  • Nov 17- In recent days Republican Congressional leaders have taken several opportunities to warn Obama Administration regulators not to finish any more rulemakings, but some agency heads, such as U.S. By law, Congress already can vote to disapprove of regulations within 60 legislative days of them becoming final. Because of the congressional calendar and...

  • Nov 17- In recent days Republican Congressional leaders have taken several opportunities to warn Obama Administration regulators not to finish any more rulemakings, but some agency heads, such as U.S. By law, Congress already can vote to disapprove of regulations within 60 legislative days of them becoming final. Because of the congressional calendar and...

  • 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."

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