American Express Co. fell$. 13 or. 1 percent, to $93.15. Capital One Financial Corp. rose$. 41 or. 5 percent, to $82.40. Discover Financial Services rose$. 37 or. 6 percent, to $63.26.» Read More
WASHINGTON, July 23- U.S. regulators and 15 states announced a wave of lawsuits on Wednesday against law firms and mortgage assistance companies they said have scammed borrowers since at least 2011 by falsely promising home loan modifications and other foreclosure relief.
American Express Co. rose$. 49 or. 5 percent, to $93.37. Capital One Financial Corp. rose$. 20 or. 2 percent, to $82.12. Discover Financial Services rose$. 76 or 1.2 percent, to $64.06.
LOS ANGELES— Discover Financial Services' net income grew 7 percent in the second quarter as credit card spending and overall loans increased from a year ago. The results beat Wall Street's expectations.
American Express Co. rose$. 70 or. 8 percent, to $93.58. Capital One Financial Corp. rose$. 29 or. 4 percent, to $82.21. Mastercard rose$. 70 or. 9 percent, to $78.05.
American Express Co. rose$. 84 or. 9 percent, to $93.72. Capital One Financial Corp. rose$. 11 or. 1 percent, to $82.03. Discover Financial Services rose$. 92 or 1.5 percent, to $64.22.
Millions of Americans with shoddy credit records are obtaining used car loans, resembling the subprime mortgage mess, The NYT found.
July 18- The success of General Electric Co's impending initial public offering for its private-label credit card unit could ride on investors' willingness to bet that a lukewarm consumer-led U.S. economic recovery heats up.
July 18- General Electric Co's credit card unit, Synchrony Financial, said it expects to raise up to $3.25 billion in a public offering of shares, in what is expected to be the biggest U.S. The offering of 125 million shares is expected to be priced at between $23 and $26 per share, the company said in a filing with the U.S. Securities and Exchange Commission on Friday.
The company said it expects to price the offering of 125 million shares at between $23 and $26 per share, the company said in a filing with the U.S. Securities and Exchange Commission on Friday.
NEW YORK— General Electric is targeting late July for the initial public offering of its credit card business, named Synchrony Financial. General Electric Co. is trying to become a more focused industrial conglomerate by shedding other divisions such as NBC Universal, real estate and some banking operations.
July 17- Capital One Financial Corp, one of the largest U.S. credit card issuers, reported an 8 percent rise in quarterly profit as card loans grew and credit quality remained stable.
The Democrat-controlled Senate is not expected to approve the bill as it is now. Earlier this week, the White House said that President Barack Obama "strongly opposes House passage" of the appropriations bill and would veto it if the legislation reached his desk.
WASHINGTON— The Consumer Financial Protection Bureau has heard from hundreds of thousands of consumers who feel wronged by banks and finance companies.
American Express Co. rose$. 06 or. 1 percent, to $94.51. Capital One Financial Corp. fell$. 60 or. 7 percent, to $84.30. Discover Financial Services rose$. 37 or. 6 percent, to $63.80.
WASHINGTON, July 16- The U.S. consumer finance watchdog on Wednesday proposed publishing on its website individuals' stories about bad experiences with credit cards, student loans and other financial services, prompting quick pushback from banks.
NEW YORK— Headed overseas for summer vacation? It's easy to get hit with extra fees and expensive exchange rates when switching currencies. Most purchases should be done on the credit card, says James Gambaccini, a certified financial planner at Acorn Financial Services.
American Express Co. rose$. 52 or. 6 percent, to $94.97. Capital One Financial Corp. fell$. 16 or. 2 percent, to $84.74. Discover Financial Services rose$. 32 or. 5 percent, to $63.75.
LONDON— Britain's financial regulator on Tuesday announced new limitations on what payday lenders can charge their customers, the latest step in moves to tackle poor conduct in the short-term credit industry.
WASHINGTON, July 10- The U.S. consumer watchdog on Thursday said payday lender ACE Cash Express must pay $10 million to settle accusations that it had used unfair debt collection practices, such as threatening to sue borrowers, to pressure them into taking out new loans.
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.