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  • April 30- Western Union Co said it expects pricing for its money transfer services to be at the company's "historical low single digit range" as it grapples with rising competition. Rival MoneyGram International Inc slashed prices last year after Wal-Mart Stores Inc launched its money transfer service. Western Union is facing competitive pressure in U.S....

  • WASHINGTON, April 30- U.S. financial regulators on Thursday issued a rule subjecting real estate appraisal companies to tighter oversight after lax lending standards in the mortgage market contributed to the 2007-09 financial crisis. The regulation allows states to register and supervise these so-called appraisal management companies, which value...

  • April 29- MasterCard Inc, the world's No. 2 debit and credit card company, reported a better-than-expected quarterly profit as costs fell and shoppers spent more on its cards. MasterCard's shares rose about 3.6 percent to a record-high of $93.59 in early trading on Wednesday. "was able to overcome a drag from currency and grow volumes and earnings based on cost...

  • UPDATE 1-MasterCard profit rises on lower tax expense Wednesday, 29 Apr 2015 | 8:32 AM ET

    April 29- MasterCard Inc, the world's No. 2 debit and credit card company, reported a 17 percent rise in quarterly profit as people spent more using its cards and the company paid lower taxes. MasterCard shares were up about 2 percent at $91.94 in premarket trading. The company's net income rose to $1.02 billion, or 89 cents per share, from $870 million, or 73 cents per...

  • MasterCard profit rises 17 pct Wednesday, 29 Apr 2015 | 8:07 AM ET

    April 29- MasterCard Inc, the world's No. 2 debit and credit card company, reported a 17 percent rise in quarterly profit as more people used its cards worldwide. The company's net income rose to $1.02 billion, or 89 cents per share, in the first quarter ended March 31 from $870 million, or 73 cents per share, a year earlier. Net revenue rose 2.7 percent to $2.23 billion.

  • BEIJING, April 22- China will allow foreign firms to apply for licenses to establish bank card clearing businesses starting from June 1, the State Council said in a statement on its website on Wednesday. China said in October last year that it would open its credit card market to foreign players following a World Trade Organization ruling in 2012 that it...

  • Discover Financial's quarterly profit falls 7 pct Tuesday, 21 Apr 2015 | 4:27 PM ET

    April 21- Credit card issuer Discover Financial Services Inc reported a 7.3 percent fall in quarterly profit as it set aside more money to cover bad loans. The company increased provision for loan losses by about 43 percent to $390 million in the first quarter ended March 31. Net income attributable to common shareholders fell to $573 million, or $1.28 per share,...

  • WASHINGTON, April 21- President Barack Obama will veto a bill requiring the U.S. consumer watchdog to establish special advisory groups if the final version of the legislation cuts the level of funding available to the agency, the White House said on Tuesday. But after a Republican-backed provision was added that would lower the consumer bureau's budget cap...

  • President Barack Obama would veto the Bureau of Consumer Financial Protection Advisory Boards Act if the final legislation by Congress cuts the level of funding that the director of the consumer bureau could request. The House of Representatives passed a special amendment to the bill, which is intended to create advisory groups for community banks, credit...

  • *Kotak, Axis Bank targeting strong growth. MUMBAI, April 20- Indian banks, hoping to offset a slow recovery in corporate lending, are pushing into credit cards and personal loans, using blanket advertising, cold call campaigns and even sending employees to malls to lure customers. India's 20 million credit cards-- for a population of 1.3 billion-- amount to just 0.5...

  • April 16- American Express Co, the world's largest credit card issuer, reported quarterly revenue that fell short of analysts' estimates, hurt by a stronger dollar and the loss of several co-branded tie-ups. Revenue from international operations, net of interest expense, fell 8 percent to $1.24 billion in the quarter ended March 31, accounting for about 16...

  • April 16- American Express Co, the world's largest credit card issuer, reported a better-than-expected rise in quarterly profit, helped by higher spending by U.S. card holders and an increase in net interest income. Net income attributable to AmEx shareholders rose to $1.51 billion, or $1.48 per share, for the first quarter ended March 31, from $1.42 billion, or...

  • American Express quarterly profit rises 6.3 pct Thursday, 16 Apr 2015 | 4:21 PM ET

    April 16- American Express Co, the world's largest credit card issuer, reported a 6.3 percent rise in quarterly profit, helped by higher spending by card holders and an increase in net interest income. Net income attributable to common shareholders rose to $1.51 billion, or $1.48 per share, for the first quarter ended March 31, from $1.42 billion, or $1.33 per share, a...

  • April 15- Target Corp said it had agreed to reimburse about $19 million to financial institutions that had issued MasterCard- branded cards that were a part of the massive data breach at the retailer in 2013.. The amount under the settlement with MasterCard Inc covers costs that banks incurred to reissue credit cards and debit cards to customers as a result of...

  • April 15- Target Corp said it had agreed to reimburse about $19 million to financial institutions who had issued MasterCard- branded cards that were a part of the massive data breach at the retailer in 2013.. The amount under the settlement with MasterCard Inc covers costs that banks incurred to reissue credit cards and debit cards to customers as a result of the...

  • April 15- Hudson City Bancorp faces a U.S. government investigation into discriminatory lending practices, Bloomberg reported, citing two people familiar with the matter. The U.S. Justice Department and Consumer Financial Protection Bureau are examining whether the bank violated the Fair Housing Act, Bloomberg reported, adding that a preliminary CFPB...

  • April 15- Hudson City Bancorp faces a U.S. government investigation into discriminatory lending practices, Bloomberg reported, citing two people familiar with the matter. The U.S. Justice Department and Consumer Financial Protection Bureau are examining whether the bank violated the Fair Housing Act, Bloomberg reported, adding that a preliminary CFPB...

  • A third of millennials have never had a credit card Wednesday, 15 Apr 2015 | 2:49 PM ET
    Millennial with credit card

    A bad economy and dismal job prospects have prompted millennials to find alternatives to credit cards.

  • April 14- Target Corp is nearing a settlement with MasterCard Inc to reimburse financial institutions about $20 million for costs incurred from the retailer's massive data breach in 2013, the Wall Street Journal reported. MasterCard will distribute the reimbursed funds to the financial institutions that issue credit cards and debit cards under its brand,...

  • WASHINGTON, April 14- The U.S. consumer bureau and the Navajo Nation filed charges on Tuesday against companies and executives they say used H&R Block franchises to operate an illegal tax-refund scheme. The CFPB said Jeffrey Scott Thomas and his company, J. Thomas Development of NM Inc, no longer own the four H&R Block franchises and that H&R Block did not...