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

  • 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...

  • CHICAGO, May 21- A U.S. appeals court on Thursday reversed a $2.46 billion judgment against HSBC Holdings Plc in a long-running securities fraud class action stemming from a consumer finance business it bought more than a decade ago. The 7th U.S. Circuit Court of Appeals in Chicago said HSBC and three former Household International Inc executives were entitled...

  • Is Indonesia inflating a credit bubble? Wednesday, 20 May 2015 | 7:17 PM ET
    An employee of BNI bank, an Indonesian state-owned bank, prepares rupiah banknotes for their ATMs and branch offices.

    Stories that begin with central banks easing bank lending requirements don't often end happily, but Indonesia may dodge creating a credit bubble.

  • CareFirst says data breach affects about 1.1M people Wednesday, 20 May 2015 | 4:11 PM ET

    They also didn't get access to Social Security numbers, medical claims, or credit cards, and the company said there is no evidence of other breaches. It provides health insurance and services to 3.4 million people in Maryland, Northern Virginia and Washington, D.C. The company is offering two years of free credit monitoring and identity theft protection to...

  • NEW YORK, May 20- When Saideh Browne had an emergency appendectomy in the summer of 2012, she had no idea it would raise the cost of a car loan three years later. The 44- year-old personal trainer from New York recently visited a dealership to buy a new Honda Accord and discovered her credit score had been dinged by two lingering medical bills for $770 that had gone to...

  • In the Wireless& Cashless module provided as part of Money& Markets Extra for the week ending Saturday, May 9, The Associated Press reported erroneously that the only bank using Zumigo's credit card fraud protection services so far is Wells Fargo. Ever had your credit card go on a tour of Europe while you were at home in the U.S.? It also scoops up credit history data...

  • PayPal facing $25M sanction for illegal credit sign-ups Tuesday, 19 May 2015 | 12:33 PM ET

    WASHINGTON— Federal regulators are proposing that PayPal Inc. pay $25 million to resolve allegations that it illegally signed up customers for its online credit product, used misleading advertising and mishandled billing disputes. If the order is approved by a federal judge in Maryland, PayPal would refund $15 million to customers and pay a $10 million fine.

  • LONDON, May 15- Blue chip banks could provide a bigger stimulus to Europe's flagging economy if they pared back low-return mortgage lending to pump more firepower into small business and consumer credit, the chairman of HSBC told Reuters. Douglas Flint, boss of Europe's largest bank, said policymakers and banks needed to reconsider the "natural long-term...

  • *SEC says company hid information from investors, auditor. In a complaint filed in the federal court in Indianapolis, the SEC accused ITT, Chief Executive Kevin Modany and CFO Daniel Fitzpatrick of hiding how ITT expected to owe hundreds of millions of dollars because its underlying loans had performed "abysmally," with "extremely high" default rates.

  • *Nationwide Biweekly Administration, owner are sued. The U.S. Consumer Financial Protection Bureau accused Nationwide Biweekly Administration Inc and its president, Daniel Lipsky, of falsely promising savings from their "Interest Minimizer" program. According to a complaint filed in San Francisco federal court, the defendants from August 2011 to September...

  • Senator Elizabeth Warren hit back at President Barack Obama in their tussle over "fast track" authorization to negotiate a Pacific Rim trade treaty, a power she says could be used in the future to weaken Wall Street reforms. The president, who wants expedited negotiating power to streamline the passage of trade deals through Congress, said last week that...

  • Senator Elizabeth Warren hit back at President Barack Obama in their tussle over "fast track" power to negotiate a Pacific Rim trade treaty, a power she says could be used in the future to weaken Wall Street reforms. "If the president is so confident it's a good deal, he should declassify the text and let people see it before asking Congress to tie its hands on fixing it,"...

  • WASHINGTON, May 9- President Barack Obama dismissed a liberal senator's warning that "fast-track" trade authorization being considered by Congress could weaken U.S. financial regulations he helped put in place after the 2007-2008 crisis that triggered the Great Recession. Senator Elizabeth Warren, long a champion of stricter rules for Wall Street, said in a...

  • WASHINGTON, May 5- One in 10 American adults have no credit history, and 8 percent are considered "unscorable" by major credit reporting agencies, a survey released on Tuesday showed. Blacks, Hispanics and low-income community residents are most likely to be among the 26 million U.S. adults absent from the credit reporting system and the 19 million with...

  • 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...

  • 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 30- Western Union Co said it expects pricing for its money transfer services to be at the company's "historical low single digit range" as it grapples with rising competition. Rival MoneyGram International Inc slashed prices last year after Wal-Mart Stores Inc launched its money transfer service. Western Union is facing competitive pressure in U.S....

  • WASHINGTON, April 30- U.S. financial regulators on Thursday issued a rule subjecting real estate appraisal companies to tighter oversight after lax lending standards in the mortgage market contributed to the 2007-09 financial crisis. The regulation allows states to register and supervise these so-called appraisal management companies, which value...