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Debt Credit Cards

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  • EXCLUSIVE: JPMORGAN CHASE TO PAY AT LEAST $125 MILLION TO SETTLE U.S.

  • Gen X, baby boomers see credit cards as a lifeline Tuesday, 7 Jul 2015 | 11:02 AM ET
    Credit card transaction

    A new survey suggests more Generation Xers are comfortable using their credit card as a lifeline as they are saddled with debt. USAToday reports.

  • July 6- In the midst of moving from Atlanta to St. Louis last year, Thomas Nitzsche discovered his parked rental car had been hit by another car, causing $791 in damage. To keep costs low, he had rejected the "collision damage waiver" insurance offered by the rental car company, which can run as much as $45 a day and can include a deductible. It took three months or so for the...

  • July 1- Real estate developer Donald Trump's string of luxury hotel properties, The Trump Hotel Collection, could be the latest victim of credit card breach, KrebsonSecurity reported, citing data shared by several U.S.-based banks. Credit card data at various Trump properties in the United States, including those in Chicago, Honolulu, Las Vegas, Los Angeles,...

  • July 1- Real estate developer Donald Trump's string of luxury hotel properties, The Trump Hotel Collection, could be the latest victim of credit card breach, KrebsonSecurity reported, citing data shared by several U.S.-based banks. Credit card data at various Trump properties in the United States, including those in Chicago, Honolulu, Las Vegas, Los Angeles,...

  • July 1- Real estate developer Donald Trump's string of luxury hotel properties, The Trump Hotel Collection, could be the latest victim of credit card breach, KrebsonSecurity reported, citing data shared by several U.S.-based banks. Credit card data at various Trump properties in the United States, including those in Chicago, Honolulu, Las Vegas, Los Angeles,...

  • ATHENS, June 29- Greece imposed capital controls and ordered banks to close temporarily after the European Central Bank froze a vital financial lifeline following the breakdown of bailout talks between Athens and foreign creditors. All credit institutions in Greece, including branches of foreign banks, are affected. -Payments via debit or credit cards to...

  • UPDATE 1-Credit bureau TransUnion's shares rise in debut Thursday, 25 Jun 2015 | 11:09 AM ET

    June 25- Shares of credit bureau TransUnion rose as much as 10 percent in their debut, valuing the company at about $4.5 billion. TransUnion provides a number of information services for businesses and consumers such as consumer credit reports, risk scores and analytical services. TransUnion raised $664.8 million after the 29.5- million-share offering was...

  • Fighting hacks: Banks need to step it up Thursday, 25 Jun 2015 | 7:00 AM ET
    Credit card chip

    Retailers are upgrading their systems to help prevent fraud and protect customers but banks need to do their part, says this retail industry exec.

  • June 16- Credit card issuer Discover Financial Services said it would close its mortgage origination business and cut about 460 related jobs to focus on its direct banking products. Discover Financial, which acquired the mortgage origination business in 2012, said it would continue to originate home equity loans through Discover Bank.

  • Here's how we help the middle class Thursday, 11 Jun 2015 | 7:00 AM ET

    The average American consumer needs better credit options so they can build a nest-egg for a more secure future, says Elevate CEO Ken Rees.

  • AMEX rewards need a boost Friday, 5 Jun 2015 | 10:00 AM ET
    AMEX rewards need a boost

    American Express needs to up its rewards game to stay competitive according to Nomura Holdings

  • Citigroup CEO defends credit card deal with Costco Thursday, 28 May 2015 | 11:15 AM ET

    NEW YORK, May 28- Citigroup Inc CEO Mike Corbat said the deal the bank made with Costco Wholesale Corp to replace American Express Co as the issuer of credit cards for the retailer will be profitable for his shareholders. Responding to speculation in the card industry that Citigroup gave too much to Costco in negotiations earlier, Corbat said the deal is "without a...

  • TORONTO, May 26- Toronto Dominion Bank said on Tuesday it will acquire Nordstrom's U.S. consumer credit card portfolio as the Canadian bank looks to use its strong balance sheet to expand its lending business in the United States. But under the terms, Nordstrom will receive a large slice of net revenue generated by the credit card accounts. Nordstrom's U.S. credit...

  • GREECE MAY IMPOSE SMALL LEVY ON BANK ATM WITHDRAWALS TO ENCOURAGE USE OF CREDIT CARDS- FINANCE MINISTER VAROUFAKIS.

  • Picking the best credit card for you Tuesday, 26 May 2015 | 7:00 AM ET
    Picking the best credit card for you

    CNBC's Landon Dowdy highlights four guidelines to help you pick the best credit card.

  • May 22- A proposed $19 million settlement between MasterCard Inc and Target Corp over the retailer's 2013 data breach fell through after not enough banks accepted the deal, the credit card company said on Thursday. The lead lawyers for the banks had argued that the settlement with MasterCard, which was not a party to the lawsuit, was an attempt to undercut their...

  • High cost of in vitro sends many into debt Wednesday, 20 May 2015 | 4:08 PM ET
    A technician using the process of in vitro fertilzation.

    Seventy percent of women who sought fertility treatments went into debt, according to a new study.

  • Disruptor #40: Square's mobile strategy Wednesday, 13 May 2015 | 11:09 AM ET
    Disruptor #40: Square's mobile strategy

    Square CEO Jack Dorsey discusses his lessons learned at Twitter, Square's payment tools and staying competitive.

  • Disruptor 50: No. 40 Square Tuesday, 12 May 2015 | 7:00 AM ET
    Jack Dorsey, co-founder and CEO of Square.

    The company's small credit card reader has made it easier for small businesses to accept payment. Now it's promoting a new lending program.