Consumer Finance
More
-
WASHINGTON, May 7- U.S. consumer credit recorded its smallest increase in eight months in March as Americans cut back on credit cards to fund purchases, Federal Reserve data showed on Tuesday. Total consumer installment credit rose by $7.97 billion to $2.81 trillion.
-
Link to Fitch Ratings' Report: Credit Cards: Asset Quality Review 1 Q13. NEW YORK, May 07 Recent declines in delinquency rates signal a strong near-term credit outlook for U.S. credit card issuers, according to a Fitch Ratings report.
-
RALEIGH, N.C.-- Senate legislation sought by North Carolina's consumer finance companies to increase interest rate limits on installment loans and charge late payment fees for the first time is now heading to the House. The loan principal cap would rise from $10,000 to $15,000. The Senate gave initial approval last week.
-
American Express Co. rose$. 15 or. 2 percent, to $70.21. Capital One Financial Corp. fell$. 03 or. 1 percent, to $59.02. Discover Financial Services rose$. 07 or. 2 percent, to $46.18.
-
Wyles joins Castle Trust from Nationwide Building Society, where he served as a main board director from 2007.. AMERICAN EXPRESS The credit card company said Chief Financial Officer Dan Henry has resigned. Roy Sparkman joined James E. Bashaw& Co, a Houston- based independent financial services firm registered with LPL Financial.
-
WOLFEBORO, New Hampshire, May 7- During the crazy days of the housing bubble in 2006, bankers created a bond called MABS 2006- FRE1. The instrument gave buyers the right to payments on the subprime housing loans of nearly 2,000 borrowers, including Stephen Monzione, a professional wedding photographer in New Hampshire.
-
American Express Co. fell$. 17 or. 2 percent, to $70.06. Capital One Financial Corp. rose$. 53 or. 9 percent, to $59.05. Discover Financial Services rose$. 38 or. 8 percent, to $46.31.
-
WHAT: Federal Reserve Consumer Installment Credit, March. IFR COMMENTARY: "Consumer credit should have seen a 19th straight month of growth in March, though we look for a gain of about $12 bln, which would be below the six-month trailing average of+ $14.2 bln. --by Theodore Littleton of IFR Markets, a unit of Thomson Reuters.
-
American Express Co. fell$. 03 or percent, to $70.20. Capital One Financial Corp. rose$. 42 or. 7 percent, to $58.94. Discover Financial Services rose$. 09 or. 2 percent, to $46.02.
-
MONTGOMERY, Ala.-- Efforts by some legislators to put new restrictions on payday loans and title loans are dead for the 2013 session of the Alabama Legislature. Two Democratic representatives from Birmingham, Rod Scott and Patricia Todd, sponsored bills to lower the interest rates that could be charged on payday loans and title loans to 36 percent annually.
-
American Express Co. rose$. 10 or. 1 percent, to $70.33. Capital One Financial Corp. rose$. 62 or 1.1 percent, to $59.14. Discover Financial Services rose$. 16 or. 3 percent, to $46.09.
-
WASHINGTON, May 6- Mortgage financiers Fannie Mae and Freddie Mac will limit their purchases to loans that meet a new federal definition of a "qualified mortgage" starting next year, the housing giants' regulator said on Monday.
-
WASHINGTON, May 6- Mortgage financiers Fannie Mae. "Adoption of these new limitations by Fannie Mae and Freddie Mac is in keeping with FHFA's goal of gradually contracting their market footprint and protecting borrowers and taxpayers," the regulator said in a statement.
-
NEW YORK, May 2- Financial advisers may need to be more careful then ever when using special "senior" credentials to market themselves to older Americans after the newest U.S. financial regulator took aim at those designations, say compliance professionals.
-
The Consumer Financial Protection Bureau expanded its probe into the car loan industry by issuing subpoenas to auto lenders over the sale of financial products like extended warranties, the WSJ reported.
-
Fitch Ratings has affirmed Hyundai Capital Auto Funding VIII Limited and Hyundai Capital Auto Funding IX Limited. The transactions are securitisations of auto loans in South Korea originated by Hyundai Capital Services Inc..
-
May 3- The following are the top stories in the Wall Street Journal. *The Pentagon has redesigned its biggest "bunker buster" bomb with more advanced features intended to enable it to destroy Iran's most heavily fortified and defended nuclear site.
-
May 3- The Consumer Financial Protection Bureau expanded its probe into the car loan industry by issuing subpoenas to auto lenders over the sale of financial products like extended warranties, the Wall Street Journal reported on Thursday, citing people familiar with the investigation.
-
NEW YORK, May 2- Financial advisers may need to be more careful then ever when using special "senior" credentials to market themselves to older Americans after the newest U.S. financial regulator took aim at those designations, say compliance professionals.
-
NEW YORK, May 2- Financial advisers may need to be more careful then ever when using special "senior" credentials to market themselves to older Americans after the newest U.S. financial regulator took aim at those designations, say compliance professionals.