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  • AmEx, which was replaced by Citigroup and Visa Inc last year to run Costco Wholesale Corp co-branded credit cards, had estimated a gain of about $1 billion from the sale.

  • An employee fixes part of a web server inside the Facebook Inc. Prineville Data Center in Prineville, Oregon.

    It turns out that social media patterns aren't great at predicting a person's creditworthiness, The Wall Street Journal reports.

  • WASHINGTON, Feb 23- The Consumer Financial Protection Bureau said on Tuesday it ordered Citibank to pay $5 million back to customers and $3 million in penalties over its debt sales and collection practices. In a statement, the agency said it took action against the financial services company for selling credit card debt with inflated interest rates and for not...

  • Credit card transaction

    While a lengthy credit history is a key component of a good credit score, staying faithful to just one card has its drawbacks.

  • NEW YORK, Feb 16- Soros Fund Management, the team investing billionaire George Soros' fortune, is betting big on consumer finance by taking a large position in Synchrony Financial, according to a U.S. securities filing on Tuesday. Soros now owns more than 7.1 million shares, its second-largest public stock position after Luxembourg- based agricultural company...

  • Feb 9- American Express Co wants to grow small-business lending to make up for revenue it expects to lose after its credit card partnership with Costco Wholesale Corp ends this year. The planned end of the partnership in March has been delayed a few months because it has taken more time to move customers to a new card, the Seattle Times reported last week.

  • Feb 4- Online retailer Amazon.com Inc has renewed its long-running credit card relationship with JPMorgan Chase& Co, the Wall Street Journal reported. At least one other card issuer was also interested in a tie-up with Amazon for payment cards, the Journal reported on Thursday, citing people familiar with the matter. The financial details of the deal were not...

  • Feb 4- Online retailer Amazon.com Inc has renewed its long-running credit card relationship with JPMorgan Chase& Co, the Wall Street Journal reported. At least one other card issuer was also interested in a tie-up with Amazon for payment cards, the Journal reported on Thursday, citing people familiar with the matter. The financial details of the deal were not...

  • Toys R Us retail cash transaction

    More than 50 percent of Americans have spent at least $100 on impulse buys, according to CreditCards.com.

  • 13 million Americans have a secret

    A report claims many Americans have a bank or credit card account that they hide from their significant other.

  • Bank of America Corp. ATMs outside of the Bank of America Plaza tower in Los Angeles, California.

    Are you keeping a financial secret from your significant other? Well, you're not alone.

  • Fight against credit fraud

    Here's what fraudsters are doing with your identity now, even as credit cards are armed with new technology.

  • MADRID, Feb 1- Spain's High Court said on Monday it would open a trial against former International Monetary Fund chief Rodrigo Rato and dozens of other people alleged to have misused credit cards for personal expenses while at Spanish lender Bankia. Rato, a former Spanish finance minister and one-time leadership contender for the ruling centre-right...

  • MADRID, Feb 1- Spain's High Court said on Monday it will open a trial against former IMF chief Rodrigo Rato and dozens of other people alleged to have misused credit cards for personal expenses while at Spanish lender Bankia. Rato, a former Spanish finance minister and one-time leadership contender for the center-right People's Party, has denied wrongdoing in...

  • Visa credit cards

    Payment services company Visa reported better-than-predicted earnings on Thursday despite headwinds from a strong U.S. dollar.

  • PayPal

    PayPal reported quarterly earnings and revenue that beat analysts' expectations on Wednesday.

  • The future of payment

    Nicolas Huss, CEO of Visa Europe, discusses his company's record revenue of 2.3 billion euros for the year and the changing way people are paying for goods.

  • Past Due credit

    It usually takes consumers seven to 10 years to erase negative marks from their credit, according to Credit Karma.

  • NEW YORK, Jan 25- All this time you thought your romantic appeal was due to your clothes, your looks or your charming personality. Turns out, all you had to do was cut up your credit card. "People just don't want to enter into a relationship with someone with debt," said Sean McQuay, NerdWallet's credit card expert. "

  • Jan 22- Activist hedge fund ValueAct Capital Management LP, managed by Jeff Ubben, is no longer a shareholder in credit card issuer American Express Co, CNBC reported, citing sources. ValueAct Capital Management, which played a key role in shaking up Microsoft Corp's management, is known for making long-term investments. American Express and ValueAct Capital...