The Federal Reserve reported Friday that consumer borrowing expanded $11.6 billion in January following a $17.9 billion gain in December. It was the smallest monthly increase since borrowing rose by $8.3 billion in November 2013. Borrowing in the category that includes credit cards actually declined by $1.16 billion in January following a $6.2 billion...» Read More
New mortgage rules from the Consumer Financial Protection Bureau will make borrowing tougher for the self-employed and home buyers seeking larger loans.
Visa's first-quarter profit that exceeded market's expectation for the ninth quarter in a row. "I'm most impressed by the upside to revenue," one analyst said.
Scores of independent mortgage lenders and community banks are winning business from banks such as Citigroup or Bank of America that have retrenched after the financial crisis.
David Marshall, Senior Analyst, Asia-Pacific Financials, CreditSights is positive that Chinese banks can maintain their earnings in 2013, but risks remain with shadow banking and transparency issues.
This CNBC contributor says the "Fiscal Cliff" is a great opportunity to revamp the tax code and address deficit spending.
More than 50 million people have scores of 785 or higher, and they exhibit “strikingly similar” credit habits.
If you close your bank account, don’t think that’s necessarily the last you’ll hear about it. In certain cases, closed checking accounts have re-opened when triggered by external charges, such as automatic bill payments. This can present an opportunity for identity theft.
American credit card debt--and the number of credit-card accounts--have tumbled since peaking in 2008, suggesting that the country is slowly healing itself from a crazy credit boom.
Thailand’s rising banking shares could jump a further 30 percent over the next 12 months as profitability soars on strong investment and corporate lending growth, according to Japanese brokerage Nomura.
As investors become increasingly uneasy about the second-quarter earnings period, expectations for more action from the Fed are on the rise. But with record low rates and the weak global economy, analysts are anticipating a disappointing season all around.
The impact of Europe's debt crisis on US companies is about to come out in the wash as second-quarter earnings season kicks off with Alcoa on Monday. Plus, China economic data.
Although changes to money market funds since 2010 have made them more transparent and stable, SEC Chairman Mary Schapiro told CNBC that there are structural weaknesses still to be addressed.
MasterCard is betting big on mobile payments replacing credit cards and is making moves to make sure it has solid footing in the mobile payment space.
Not all states are created equal. Read ahead to see which states have the best credit scores in the country.
President Obama rightfully assumes credit for the auto industry bailout, a political victory that saved 1.5 million jobs and likely prevented another depression. Unfortunately, over 20,000 non-union salaried Delphi workers were left behind, their pensions sacrificed at the altar of forgiveness.
The United States has a renewed sense of optimism.
Federal Reserve chairman Ben Bernanke went to the well of make-believe wealth once again, setting the stage for more bond buying in last week’s announcement. With a sullen economy supported by 36 months of smoke and mirrors, the punch bowl was never far away.
Every lap around the track, each sit up and all of those salads are just one more way to save for retirement.
The canvass of investment planning has been subject to a variety of hues absent from the traditional 24 color Crayola box. Industries evolve, rules of thumb lose their grip on what’s considered suitable and unannounced complexities require a different brand of expertise from those providing advice.
With Europe in despair and the U.S. economy still sputtering, consumers rolled their eyes like dice, wagering family budgets on Black Friday. Sales increased by 6.6 percent the day after giving thanks for what we already have, an indication that Congress isn't the only house with a spending problem.