GO
Loading...

Consumer Finance

More

  • Midday Glance: Credit Card companies Thursday, 23 Oct 2014 | 1:51 PM ET

    American Express Co. rose $1.27 or 1.5 percent, to $85.23. Capital One Financial Corp. rose$. 48 or. 6 percent, to $78.33. Discover Financial Services rose$. 97 or 1.6 percent, to $61.98.

  • Early Glance: Credit Card companies Thursday, 23 Oct 2014 | 11:56 AM ET

    American Express Co. rose $1.03 or 1.2 percent, to $84.99. Discover Financial Services rose$. 91 or 1.5 percent, to $61.92. Mastercard rose$. 91 or 1.2 percent, to $74.13.

  • Final Glance: Credit Card companies Wednesday, 22 Oct 2014 | 6:09 PM ET

    American Express Co. fell $1.68 or 2.0 percent, to $83.96. Capital One Financial Corp. fell$. 85 or 1.1 percent, to $77.85. Discover Financial Services fell $3.37 or 5.2 percent, to $61.01.

  • Midday Glance: Credit Card companies Wednesday, 22 Oct 2014 | 1:18 PM ET

    American Express Co. fell $1.09 or 1.3 percent, to $84.55. Capital One Financial Corp. fell$. 25 or. 3 percent, to $78.45. Discover Financial Services fell $2.24 or 3.5 percent, to $62.14.

  • WASHINGTON, Oct 22- U.S. securities regulators adopted a rule on Wednesday designed to avert another financial crisis, but two officials dissented, saying it did not do enough to discourage banks from lending to borrowers with shaky credit and then passing the mortgage risk to investors. The Securities and Exchange Commission approved the so-called "risk...

  • Rules on bank risk in mortgage bonds being adopted Wednesday, 22 Oct 2014 | 12:20 PM ET

    WASHINGTON— Federal regulators are proceeding with new rules that ease guidelines for banks selling mortgage securities and could mean fewer borrowers will need to make hefty down payments. The Securities and Exchange Commission voted 3-2 Wednesday to adopt the rules, which six federal agencies have been working on since 2011. The SEC'S two Republican...

  • Early Glance: Credit Card companies Wednesday, 22 Oct 2014 | 10:36 AM ET

    American Express Co. fell$. 29 or. 3 percent, to $85.35. Capital One Financial Corp. fell$. 08 or. 1 percent, to $78.62. Discover Financial Services fell $2.75 or 4.3 percent, to $61.63.

  • Final Glance: Credit Card companies Tuesday, 21 Oct 2014 | 6:01 PM ET

    American Express Co. rose $1.63 or 1.9 percent, to $85.64. Capital One Financial Corp. rose $2.20 or 2.9 percent, to $78.70. Discover Financial Services rose $1.68 or 2.7 percent, to $64.38.

  • Discover's 3Q net income up nearly 9 percent Tuesday, 21 Oct 2014 | 5:06 PM ET

    RIVERWOODS, Ill.— Discover Financial Services' third-quarter net income increased nearly 9 percent to beat market expectations. For the period that ended Sept. 30, Discover's net income after paying preferred dividends rose to $630 million, or $1.37 per share. That compares with net income of $579 million, or $1.20 per share, a year earlier.

  • WASHINGTON, Oct 21- U.S. regulators on Tuesday issued a rule requiring banks that sell loans to investors to keep part of the risk on their own books, a measure aimed at preventing the sloppy loans that sparked the 2007-09 credit crisis. "Lenders have wanted and needed to know what the new rules of the road are and this rule defines them," said Mel Watt, the head of the...

  • WASHINGTON, Oct 21- U.S. regulators on Tuesday issued a rule requiring banks that sell loans to investors to keep part of the risk on their own books, a measure aimed at preventing the sloppy loans that sparked the 2007-09 credit crisis. "Lenders have wanted and needed to know what the new rules of the road are and this rule defines them," said Mel Watt, the head of the...

  • Midday Glance: Credit Card companies Tuesday, 21 Oct 2014 | 1:43 PM ET

    American Express Co. rose $1.33 or 1.6 percent, to $85.34. Capital One Financial Corp. rose $1.63 or 2.1 percent, to $78.13. Discover Financial Services rose $1.65 or 2.6 percent, to $64.35.

  • Early Glance: Credit Card companies Tuesday, 21 Oct 2014 | 11:56 AM ET

    American Express Co. rose$. 82 or 1.0 percent, to $84.83. Discover Financial Services rose$. 73 or 1.2 percent, to $63.43. Visa Inc. rose$. 73 or. 4 percent, to $208.58.

  • Rural areas seek piece of subprime-loan settlement Tuesday, 21 Oct 2014 | 11:51 AM ET

    Long seen as having devastated Sun Belt cities, the subprime mortgage crisis unleashed turmoil on Ohio and other rural areas. Much of it was concentrated in Appalachia and other areas stretching from Ohio, West Virginia and Kentucky to Mississippi, Louisiana, Texas and the Great Plains, according to government data provided to The Associated Press by...

  • WASHINGTON, Oct 21- The U.S. Federal Deposit Insurance Corp unveiled a final rule on Tuesday that requires banks to retain at least 5 percent of the risk on their books when they bundle loans, securitize them and sell them to investors. The rule, expected to be adopted by the FDIC later on Tuesday, aims to prevent a repeat of the 2007-2009 financial crisis, when banks'...

  • New rules adopted in hopes of spurring home loans Tuesday, 21 Oct 2014 | 10:32 AM ET

    WASHINGTON— Buying a home may have gotten a little easier this week. With the financial crisis and subprime mortgage bust receding further into history, the government is loosening some financial rules, hoping to inject more life into the country's still-recovering housing market. The board of the Federal Deposit Insurance Corp. voted 4-1 Tuesday to adopt...

  • Oct 21- Staples Inc is investigating a possible breach of payment card data and has contacted law enforcement about the matter, making it the latest U.S. retailer to become a possible victim of a cyberattack. "Staples is in the process of investigating a potential issue involving credit card data and has contacted law enforcement," company spokesman Mark Cautela...

  • Oct 21- Staples Inc said late Monday evening it is investigating a possible breach of payment card data and has contacted law enforcement about the matter, making it the latest U.S. retailer to become a possible victim of a cyberattack. "Staples is in the process of investigating a potential issue involving credit card data and has contacted law enforcement,"...

  • Final Glance: Credit Card companies Monday, 20 Oct 2014 | 6:05 PM ET

    American Express Co. rose $1.43 or 1.7 percent, to $84.01. Capital One Financial Corp. rose$. 07 or. 1 percent, to $76.50. Discover Financial Services rose$. 25 or. 4 percent, to $62.70.

  • Apple Pay Q&A: What you need to know Monday, 20 Oct 2014 | 4:30 PM ET

    CUPERTINO, Calif.— Apple's mobile payment system, Apple Pay, made its debut Monday. Now you can flash your new iPhone in the checkout line to pay for food, clothing and other goods. There's no need to pull out your credit card.