WASHINGTON— Ace Cash Express Inc. has agreed to pay $10 million in a settlement with federal regulators who accused the payday lender of illegally harassing borrowers to collect debts and get them to take out additional loans. The Consumer Financial Protection Bureau announced the agreement with Ace, one of the biggest payday lenders in the U.S.» Read More
American Express Co. fell$. 97 or 1.0 percent, to $93.77. Capital One Financial Corp. fell$. 82 or 1.0 percent, to $83.57. Discover Financial Services fell$. 35 or. 6 percent, to $62.67.
BEIJING- Sixth round of the U.S.- China Strategic and Economic Dialog will be held in Beijing, China. Treasury Secretary Jacob Lew and Secretary of State John Kerry will join their respective Chinese co-chairs, Vice Premier Wang Yang and State Councilor Yang Jiechi, for the Dialog.
WASHINGTON, July 8- U.S. consumer credit rose in May, a sign that easy monetary policy was providing substantial support for the economy. Total consumer credit increased by $19.6 billion to $3.19 trillion, the Federal Reserve said on Tuesday. Analysts polled by Reuters expected an increase of $20 billion in the month.
American Express Co. fell $1.39 or 1.5 percent, to $94.01. Capital One Financial Corp. fell$. 40 or. 5 percent, to $83.17. Discover Financial Services fell$. 87 or 1.4 percent, to $62.21.
American Express Co. fell$. 94 or 1.0 percent, to $94.46. Capital One Financial Corp. fell$. 17 or. 2 percent, to $83.40. Discover Financial Services fell$. 53 or. 8 percent, to $62.55.
WASHINGTON— The Federal Reserve will report on consumer borrowing in May. BORROWING UP: The expectation is that consumer borrowing increased by $18.1 billion in May, according to a survey of economists by financial data firm FactSet. CREDIT GAINS: In April, consumer borrowing increased by $26.8 billion.
CHARLOTTE, United States- Federal Reserve Bank of Richmond President Jeffrey Lacker speaks on "Economic Outlook, July 2014" before a luncheon hosted by the Rotary Club of Charlotte in Charlotte- 1700 GMT.
WELLINGTON- Reserve Bank of New Zealand Deputy Governor Geoff Bascand delivers a speech on "The evolution of New Zealand's currency." AIX-EN-PROVENCE, France- ECB Executive Board member Benoit Coeure speaks at a conference in Aix-en-Provence on European investments- 0815 GMT.
American Express Co. rose$. 63 or. 7 percent, to $95.84. Capital One Financial Corp. rose $1.35 or 1.6 percent, to $84.95. Discover Financial Services rose$. 42 or. 7 percent, to $63.25.
NEW YORK, July 3- American Express Co is set to face off against the U.S. government and 17 states in a trial that begins on Monday over claims that it stifles competition from credit card providers that charge lower processing fees.
BRUSSELS, July 3- Europe should update its laws to reflect the rise of digital currencies, the head of a bitcoin start-up said, after a successful U.S. auction of bitcoins was seen as a sign of their broadening appeal.
American Express Co. rose$. 63 or. 7 percent, to $95.84. Capital One Financial Corp. rose $1.34 or 1.6 percent, to $84.94. Discover Financial Services rose$. 43 or. 7 percent, to $63.26.
American Express Co. rose$. 29 or. 3 percent, to $95.50. Capital One Financial Corp. rose$. 42 or. 5 percent, to $84.02. Discover Financial Services rose$. 47 or. 7 percent, to $63.30.
WASHINGTON, June 27- The U.S. Consumer Financial Protection Bureau should play a bigger role in shielding people against risks from virtual currencies such as Bitcoin, a government watchdog said on Friday. "Recent events suggest that consumer protection is an emerging risk," the report by the Government Accountability Office said.
TOKYO, June 27- Four years after Japan tightened rules on the consumer finance industry- and wiped out thousands of non-bank moneylenders- some lawmakers in the ruling Liberal Democratic Party want to shift back to deregulation, arguing this would help small businesses access the cash they need and fuel economic growth.
London’s reputation as a leading financial hub has been hit, but some argue that financial technology could be its saving grace.
*To buy GE Money Bank for 700 million euros. MADRID, June 23- Spain's Santander is buying GE Money Bank, GE Capital's consumer finance business in Sweden, Norway and Denmark, for 700 million euros in its latest move to diversify away from its struggling domestic market.
WASHINGTON, June 19- General Electric's credit card unit agreed to pay nearly $230 million to resolve allegations that it did not offer some services to Spanish speakers and engaged in other practices that harmed consumers, U.S. authorities said on Thursday.
NEW YORK, June 16- Bank of America Corp has become the first big bank to agree to use a New York regulator's database to ensure it does not process illegal payments from payday lenders to state residents, Governor Andrew Cuomo said on Monday.
June 16- Capital One Financial Corp has agreed to fundamentally change the way it uses consumer database, ChexSystems, to restrict only customers who land in the database for fraud, the New York Times reported, citing people briefed on the matter.