GO
Loading...

Consumer Finance

More

  • May 28- MasterCard Inc, the world's second largest debit and credit card company, said it was extending its zero liability policy in the United States to include all PIN-based and ATM transactions. Zero liability protection means the account holder will not be held responsible for unauthorized transactions.

  • May 22- ITT Educational Services Inc, a for-profit college operator, withdrew its full-year forecast and warned of a fall in new enrollment after rising for three straight quarters, adding to the uncertainty surrounding the sector.

  • UPDATE 1-TD Bank profit rises on strong retail lending Thursday, 22 May 2014 | 9:28 AM ET

    TORONTO, May 22- Toronto-Dominion Bank said on Thursday that its quarterly profit rose 16 percent as recent credit card and wealth management acquisitions boosted Canadian and U.S. retail lending.

  • Credit alert! Unpaid medical bills hurt scores Wednesday, 21 May 2014 | 2:07 PM ET

    New research from the Consumer Financial Protection Bureau concludes that medical bills are unfairly lowering credit scores.

  • In January, the couple reached a settlement with every company that had a stake in the mortgage on their house in Santa Cruz, California, a deal that would have slashed their monthly payment by almost 40 percent to $3,337.

  • In January, the couple reached a settlement with every company that had a stake in the mortgage on their house in Santa Cruz, California, a deal that would have slashed their monthly payment by almost 40 percent to $3,337.

  • WASHINGTON, May 20- U.S. consumer bureau officials were slow to fix performance reviews that were unfair to minority and older employees, despite complaints, a union leader will tell lawmakers on Wednesday.

  • WASHINGTON, May 20- U.S. consumer bureau officials were slow to fix performance reviews that were unfair to minority and older employees, despite complaints, a union leader will tell lawmakers on Wednesday.

  • Delinquency rates fall at major U.S. banks in April Thursday, 15 May 2014 | 2:55 PM ET

    May 15- A majority of big U.S. banks reported a drop in delinquency rates for the month of April as customers made their credit card payments on time. Citigroup Inc was the only one to report a rise in both delinquency and charge-off rates. Apr 2014 Mar 2014 Apr 2014 Mar 2014.

  • May 8- A few years ago, famed financial engineer Andrew Lo built a computer model that allowed one of the biggest U.S. banks to figure out which customers were most likely to fall behind on credit-card payments.

  • Consumer credit soars on auto, student loans Wednesday, 7 May 2014 | 3:55 PM ET
    Alain Filiz

    Consumer credit rose by the largest amount since February 2013, boosted by growing demand for student and auto loans.

  • U.S. consumer credit posts largest gain in a year Wednesday, 7 May 2014 | 3:00 PM ET

    WASHINGTON, May 7- U.S. consumer credit recorded its largest increase in a year in March, boosted by growing demand for student loans and household borrowing to buy automobiles. Total consumer credit increased by $17.53 billion to $3.14 trillion, the Federal Reserve said on Wednesday.

  • May 6- JPMorgan Chase& Co is closing the accounts of current and former foreign government officials in an attempt to avoid the compliance costs associated with them, the Financial Times reported on Tuesday.

  • May 1- MasterCard Inc, the world's second-largest debit and credit card company, posted a 14 percent rise in quarterly profit as more people used cards to shop. MasterCard's worldwide purchase volume increased 10 percent on a local currency basis to $759 billion.

  • MasterCard quarterly profit rises 14 pct Thursday, 1 May 2014 | 7:40 AM ET

    May 1- MasterCard Inc, the world's second-largest debit and credit card company, posted a 14 percent rise in quarterly profit as more customers used cards to shop. The company's net income rose to $870 million, or 73 cents per share, for the first quarter ended March 31, from $766 million, or 62 cents per share, a year earlier.

  • NEW YORK, April 25- General Electric Co expects annual profit from energy investments to double to nearly $800 million by 2020, highlighting the conglomerate's desire to remain a financing powerhouse for industry even as it slims its credit card portfolio.

  • GE's energy financing profits could double by 2020 Friday, 25 Apr 2014 | 11:04 AM ET

    NEW YORK, April 25- General Electric Co expects annual profit from energy investments to double to nearly $800 million by 2020, highlighting the conglomerate's desire to remain a financing powerhouse for industry even as it slims its credit card portfolio.

  • U..S consumer bureau to test electronic mortgage closings Wednesday, 23 Apr 2014 | 4:22 PM ET

    WASHINGTON, April 23- Borrowers seeking to buy a new home say they often do not have time to read final mortgage documents and sometimes find mistakes in their paperwork, the U.S. consumer watchdog said in a report on Wednesday.

  • *First quarter earnings $1.31/ shr vs est $1.25. April 22- Credit card issuer Discover Financial Services reported a first-quarter profit that beat Wall Street estimates as its high-spending customers more than made up for the slower growth in overall U.S. consumer spending.

  • Discover Financial profit falls 6 percent Tuesday, 22 Apr 2014 | 4:14 PM ET

    April 22- Credit card issuer Discover Financial Services reported a 6 percent fall in quarterly profit, hurt by higher provision for loan losses. Net income allocated to common stockholders fell to $618 million, or $1.31 per share, in the first quarter ended March 31, from $659 million, or $1.33 per share, a year earlier.