GO
Loading...

Consumer Finance

More

  • Ahead of the Bell: US consumer borrowing Tuesday, 8 Jul 2014 | 6:16 AM ET

    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.

  • DIARY - Top Economic Events to July 18 Monday, 7 Jul 2014 | 8:02 PM ET

    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.

  • DIARY - Top Economic Events to July 17 Friday, 4 Jul 2014 | 8:01 PM ET

    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.

  • Final Glance: Credit Card companies Thursday, 3 Jul 2014 | 5:15 PM ET

    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.

  • Midday Glance: Credit Card companies Thursday, 3 Jul 2014 | 1:17 PM ET

    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.

  • Early Glance: Credit Card companies Thursday, 3 Jul 2014 | 10:30 AM ET

    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.

  • Ramp up role in Bitcoin, U.S. consumer agency told Friday, 27 Jun 2014 | 4:03 PM ET

    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 bank scandals aid ‘fintech’ dominance Wednesday, 25 Jun 2014 | 8:17 AM ET
    Canary Wharf, London

    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.

  • NEW YORK, June 11- Struggling to get out of credit card debt he accumulated in college, Rion Robinson tried a lot of different approaches to curb his spending, from old-fashioned spreadsheets to money management programs like Mint. Then Robinson, a 27- year-old who works for a medical supplier in Columbus, Ohio, tried the Level Money budgeting app.

  • NEW YORK, June 11- Struggling to get out of credit card debt he accumulated in college, Rion Robinson tried a lot of different approaches to curb his spending, from old-fashioned spreadsheets to money management programs like Mint. Then Robinson, a 27- year-old who works for a medical supplier in Columbus, Ohio, tried the Level budgeting app.

  • June 10- PF Chang's is investigating claims of a data breach involving credit and debit card data stolen from restaurant locations in the United States, the Asian-themed casual dining restaurant chain said on Tuesday. We will provide an update as soon as we have additional information, "said Anne Deanovic, a spokeswoman for P.F. Chang's.

  • The holiday gift gap: Dads fare worse than moms Tuesday, 10 Jun 2014 | 11:00 AM ET

    Americans will spend about $7.4 billion less on gifts and goodies for dads this Father's Day than they spent on moms for Mother's Day.

  • WASHINGTON, June 6- U.S. consumer credit surged in April as Americans ramped up their use of credit cards, a potentially positive sign for consumer spending. Total consumer credit increased by $26.85 billion to $3.18 trillion, the Federal Reserve said on Friday. Analysts polled by Reuters expected a more modest increase during the month of $15.5 billion.