Jim Cramer examines the recently overlooked but promising merger between payment processors Vantiv and Worldpay.
Closing a credit card can be more expensive than you would think, U.S. News reports.
Singapore's state-owned investment company Temasek on Tuesday reported on the status of its portfolio.
Singapore's state-owned investment fund Temasek was expected to report a sharp recovery in portfolio value, according to one estimate.
WASHINGTON, July 10- U.S. banks and credit card companies could be prevented from blocking customers from banding together to sue them under a rule released by the country's consumer finance agency on Monday. The rule was proposed last year under former President Barack Obama, a Democrat who appointed the current director of the CFPB, Richard Cordray.
The Federal Reserve reported Monday that total consumer borrowing rose by $18.4 billion in May, the strongest gain since a $25.1 billion increase in November. In addition, April's gain of $8.2 billion, the weakest increase in nearly six years, was revised up to a more respectable increase of $12.9 billion. The $18.4 billion rise in credit pushed borrowing...
NEW YORK— Consumers could band together to sue their banks or credit card companies under a federal rule issued Monday that's likely to face resistance from Congressional Republicans and the White House. Even Wells Fargo banned customers from filing class-action lawsuits against it during the height of its sales practices problems, until pressure from...
WASHINGTON, July 10- The U.S. Consumer Financial Protection Bureau on Monday released a rule that would bar credit card companies, banks and other firms from requiring that customers agree to settle any disputes away from the courts and in arbitration as a condition of opening an account. The rule would also require companies to give the CFPB records of initial...
CNBC's Ylan Mui reports on the Consumer Financial Protection Bureau ruling that bans mandatory arbitration clauses that prevented consumers from filing joint class action lawsuits.
Matt Schulz, CreditCards.com, shares results of a new study that highlights the country's tipping habits and provides tips on gratuity etiquette.
*Worldpay shareholders to get a total of 385 pence/ share. July 5- U.S. credit card processor Vantiv agreed to buy Britain's Worldpay for 7.7 billion pounds on Wednesday in a move expected to trigger further deals. Under the terms revealed on Wednesday, Vantiv will pay 55 pence in cash, 0.0672 of a new Vantiv share and a 5 pence cash dividend per Worldpay share,...
U.S. credit card processing firm Vantiv announced plans to merge with Worldpay, the U.K.'s largest payment processing firm, on Wednesday.
Worldpay Group, Britain's largest payment processor, on Tuesday received rival bid approaches from U.S. credit card technology firm Vantiv and JPMorgan Chase.
SAO PAULO, July 3- Financial technology firms in Brazil are targeting lending to small- and mid-sized companies to fill a gap in the credit market left by large lenders deterred by rising delinquencies and narrow margins. Fintech firms in Brazil have been growing fast in sectors such as consumer lending and credit cards, seeking to undercut some of the highest...
Some manufacturer-branded credit cards provide great benefits, while others don't compare to traditional card programs, U.S. News reports.
Some borrowers may now appear more creditworthy than they actually are, N.Y. Times reports.
Dick Bove, vice president of equity research at Rafferty Capital Markets, says that companies in the credit card business are among those with the biggest risks.
If you're using plastic to finance your getaway, you're racking up an average of $1,108 for a little rest and relaxation.
June's quarter-point increase in the federal funds rate has far-reaching consequences for consumers.
CREDIT CARD INDUSTRY ENTERING PHASE OF RISING LOSSES- JPMORGAN CHASE& CO CONSUMER CHIEF GORDON SMITH.