Debt Credit Cards

  • John Stumpf faced more bipartisan outrage from the House Financial Services Committee, following a grilling he received last week from a Senate panel. U.S. and California regulators have fined San Francisco- based Wells Fargo $185 million, saying bank employees trying to meet sales targets, opened up to 2 million fake deposit and credit card accounts without...

  • WASHINGTON— The Supreme Court will hear a dispute over state laws that prohibit merchants from imposing fees on customers who use credit cards. The federal appeals court in New York upheld the state's law. The Atlanta- based court of appeals struck down Florida's version of the same law.

  • WASHINGTON, Sept 29- The U.S. Supreme Court on Thursday agreed to hear a challenge to a New York state law barring retailers from imposing surcharges on customers who make purchases with a credit card rather than cash. The court will hear an appeal filed by a group of merchants to a September 2015 ruling by the New York- based 2nd U.S. Circuit Court of Appeals that...

  • WASHINGTON, Sept 29- The U.S. Supreme Court on Thursday agreed to hear a challenge to a New York state law barring retailers from imposing surcharges on customers who make purchases with a credit card rather than cash. The court will hear an appeal filed by a group of merchants to a September 2015 ruling by the New York- based 2nd U.S. Circuit Court of Appeals that...

  • American Express

    A federal appeals court cleared the way for American Express to block merchants that accept its cards from steering customers toward lower-cost cards.

  • NEW YORK— American Express did not violate antitrust laws by barring merchants from asking customers to use one credit card over another and steering consumers to another form of payment, a federal appeals court said Monday. To do so, it said, likely would increase the market shares of Visa and MasterCard at the expense of American Express, whose card members tend...

  • NEW YORK, Sept 26- A federal appeals court on Monday cleared the way for American Express Co to enforce rules prohibiting merchants that accept its cards from steering customers toward lower-cost cards offered by competing issuers. The 2nd U.S. Circuit Court of Appeals in New York said a lower court judge erred in concluding that American Express' agreements...

  • NEW YORK, Sept 26- A federal appeals court on Monday cleared the way for American Express Co to enforce rules prohibiting merchants that accept its cards from steering customers toward lower-cost cards offered by competitors. The 2nd U.S. Circuit Court of Appeals in New York said a lower court judge erred in concluding that Amex's agreements with merchants...

  • MADRID, Sept 26- Crowds jeered at former International Monetary Fund chief Rodrigo Rato when he arrived at a Madrid court on Monday to face trial for his alleged misuse of company credit cards on extravagant personal expenses. Rato and 64 other executives and former board members from lender Bankia and its founding savings bank Caja Madrid are accused of...

  • MADRID— Protesters shouted insults at Rodrigo Rato, the former head of the International Monetary Fund, as he and 64 others entered court for a trial over the alleged misuse of corporate credit cards at a Spanish bank. Prosecutors are seeking a 4 ½ year jail term for Rato, 67, who headed Bankia group between 2010 and 2012.. Rato was IMF chief from 2004 to 2007 and a...

  • The move is aimed at helping to boost Iran's sanctions-damaged economy. The credit limits and fee percentages will be fixed by Iran's Central Bank, although individual banks will be responsible for determining if a customer qualifies to receive a card. The move comes following last summer's landmark nuclear deal that brought the lifting of international...

  • Sept 25- Iran introduced credit cards for the first time on Sunday, the Iranian Students' News Agency reported. Iran is looking to bolster its oil production and economy after world powers in January lifted sanctions against the Islamic Republic in return for Tehran complying with a deal to curb its nuclear ambitions. Valiollah Seif, the head of the central bank...

  • Sept 25- Iran introduced credit cards for the first time on Sunday, the Iranian Students' News Agency reported. Iran is looking to bolster its oil production and economy after world powers in January lifted sanctions against the Islamic Republic in return for Tehran complying with a deal to curb its nuclear ambitions. Valiollah Seif, the head of the central bank...

  • NEW YORK, Sept 23- Trump International Hotels Management LLC agreed to pay $50,000 to settle with New York State over data breaches that exposed 70,000 credit card numbers and other personal information, New York Attorney General Eric Schneiderman announced on Friday. According to Schneiderman, bank analyses of hundreds of fraudulent credit card...

  • NEW YORK, Sept 23- IBM said on Friday it completed a pilot project with Chinese credit card company China UnionPay that will facilitate the sharing of loyalty bonus points among banks using block chain technology. Shen Xiaowei, director of IBM Research-China and chief technology officer of IBM Great China Group said the company also is partnering with the...

  • ALBANY, N.Y.— The Trump Hotel Collection company has agreed to pay $50,000 and shore up data security after breaches exposed more than 70,000 credit card numbers and other personal data, the state's attorney general said on Friday in announcing a settlement. In May 2015, multiple banks analyzed hundreds of fraudulent credit card transactions and determined...

  • SCHNEIDERMAN ANNOUNCES SETTLEMENT WITH TRUMP HOTEL COLLECTION AFTER DATA BREACHES EXPOSE OVER 70 K CREDIT CARD NUMBERS.

  • Shop at Kohl's without your wallet

    The department store chain will let loyal customers buy items using a mobile app.

  • NEW YORK— Many frequent fliers are buzzing about the latest travel rewards credit card— one that comes with a hefty $450 annual fee but offers a juicy 100,000 point bonus at sign-up. Rewards cards lure us in with dreams of a free trip to some warm tropical beach. You're going to spend money— why not get a vacation out of it.

  • Cramer: Financial stocks that win, regardless of what the Fed says

    Jim Cramer reviews the charts of payment processing plays like PayPal, Visa and Mastercard.