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Debt Credit Cards

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  • 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.

  • DOD: Employees spent $1M at strip clubs, casinos Thursday, 7 May 2015 | 12:03 PM ET
    Croupier holding cards a blackjack table

    No taxpayer dollars were spent on the transactions, and some employees have already been disciplined, officials told NBC News.

  • AmEx to roll out new loyalty program Plenti Monday, 4 May 2015 | 8:05 AM ET

    American Express will roll out its new loyalty program, Plenti, allowing U.S. shoppers for the first time to earn rewards points through purchases.

  • Hard Rock Hotel reports possible credit card breach Monday, 4 May 2015 | 7:26 AM ET
    Hard Rock Hotel, Chicago, Il.

    Hard Rock Hotel& Casino Las Vegas said an attack may have allowed hackers to steal credit card information used at its retail and service locations.

  • May 1- Hard Rock Hotel& Casino Las Vegas said on Friday a malware attack may have allowed hackers to steal credit card information used at its retail and service locations. The attack, discovered on April 3, was limited to credit or debit card transactions between Sept. 3, 2014 and April 2, 2015, at the company's restaurant, bar and retail locations, including the...

  • Merchants can advise on lower fee cards Friday, 1 May 2015 | 7:30 AM ET
    Merchants can advise on lower fee cards

    Merchants win a legal fight with American Express. CNBC's Morgan Brennan reports.

  • NEW YORK, April 30- Merchants unhappy with the fees American Express Co charges them may steer customers toward less expensive cards without fearing retaliation from the credit card company, a federal judge ruled on Thursday. Judge Nicholas Garaufis in Brooklyn federal court said American Express may not stop restaurants and stores, for instance, from...

  • April 29- MasterCard Inc, the world's No. 2 debit and credit card company, reported a better-than-expected quarterly profit as costs fell and shoppers spent more on its cards. MasterCard's shares rose about 3.6 percent to a record-high of $93.59 in early trading on Wednesday. "was able to overcome a drag from currency and grow volumes and earnings based on cost...

  • UPDATE 1-MasterCard profit rises on lower tax expense Wednesday, 29 Apr 2015 | 8:32 AM ET

    April 29- MasterCard Inc, the world's No. 2 debit and credit card company, reported a 17 percent rise in quarterly profit as people spent more using its cards and the company paid lower taxes. MasterCard shares were up about 2 percent at $91.94 in premarket trading. The company's net income rose to $1.02 billion, or 89 cents per share, from $870 million, or 73 cents per...

  • MasterCard profit rises 17 pct Wednesday, 29 Apr 2015 | 8:07 AM ET

    April 29- MasterCard Inc, the world's No. 2 debit and credit card company, reported a 17 percent rise in quarterly profit as more people used its cards worldwide. The company's net income rose to $1.02 billion, or 89 cents per share, in the first quarter ended March 31 from $870 million, or 73 cents per share, a year earlier. Net revenue rose 2.7 percent to $2.23 billion.