GO
Loading...

Consumer Finance

More

  • Career Education gets inquiry from attorneys general Monday, 27 Jan 2014 | 10:03 AM ET

    Jan 27- For-profit education company Career Education Corp said it received inquiries from 12 state attorneys general related to its enrollment practices and student loans. The U.S. Consumer Financial Protection Bureau said earlier this month that it was considering legal action against Corinthian Colleges Inc over issues related to student loans.

  • MADRID, Jan 27- Spain's Santander bank, which is making a big push in the United States, has appointed the former head of the U.S. deposit guarantee fund, Sheila Blair, as an independent board member, it said on Monday.

  • *4th- quarter net income rises to $588 mln from $530 mln last year. *Earnings per share $1.23 vs analysts' estimate $1.18. Jan 23- Credit card issuer Discover Financial Services reported a better-than-expected 11 percent rise in quarterly profit as more consumers used cards to make payments.

  • *4th- quarter net income rises to $588 mln from $530 mln last year. *Earnings per share $1.23 vs analysts' estimate $1.18. Jan 23- Credit card issuer Discover Financial Services reported a better-than-expected 11 percent rise in quarterly profit as more consumers used cards to make payments.

  • Discover Financial profit rises 11 pct Thursday, 23 Jan 2014 | 4:16 PM ET

    Jan 23- Credit card issuer Discover Financial Services reported an 11 percent rise in fourth-quarter profit as more consumers used cards to make payments. Net income allocated to common stockholders rose to $588 million, or $1.23 per share, in the quarter ended Dec. 31, from $530 million, or $1.06 per share, a year earlier.

  • WASHINGTON, Jan 23- The FBI has warned U.S. retailers to prepare for more cyber attacks after discovering about 20 hacking cases in the past year that involved the same kind of malicious software used against Target Corp in the holiday shopping season.

  • UPDATE 2-Santander Consumer shares rise 10 pct in debut Thursday, 23 Jan 2014 | 10:20 AM ET

    *Shares hit a high of $26.45, valuing company at $9.19 bln. Jan 23- Shares of Santander Consumer USA Holding Inc, the consumer finance unit of Spanish bank Santander SA, rose as much as 10 percent in their U.S. market debut. The shares opened at $25.75 on the New York Stock Exchange and touched a high of $26.45, valuing the company at $9.19 billion.

  • After Target breach, the fight's on for smart cards Wednesday, 22 Jan 2014 | 12:57 PM ET

    The National Retail Federation is calling on the banking industry to switch from the easy-to-hack magnetic stripe to the more secure PIN and chip.

  • South Koreans fume, sue over credit card data theft Tuesday, 21 Jan 2014 | 12:49 AM ET
    Yeouido finance district in Seoul, South Korea.

    Stolen data from more than 100 million South Korean accounts has ignited a storm of anger and litigation.

  • NEW YORK, Jan 19- A data breach at Target Corp that exposed the credit card information of tens of millions of holiday shoppers was a major black eye for the retailer.

  • *Attacks follow data thefts from Target, Neiman Marcus. BOSTON, Jan 17- A cybercrime firm says it has uncovered at least six ongoing attacks at U.S. merchants whose credit card processing systems are infected with the same type of malicious software used to steal data from Target Corp.

  • BOSTON, Jan 17- The cyber security firm IntelCrawler said on Friday it has uncovered at least six ongoing attacks at merchants across the United States whose credit card processing systems are infected with the same type of malicious software used to steal data from some 40 million credit cards at Target Inc..

  • *Fourth-quarter earnings $1.45/ share vs est. Jan 16- Capital One Financial Corp, one of the largest U.S. credit card issuers, reported lower-than-expected quarterly results as net interest income fell in both its credit card and consumer banking businesses.

  • *Q4 earnings per share $1.45 vs estimates of $1.55. Jan 16- Capital One Financial Corp, one of the largest credit card issuers in the United States, reported quarterly results that missed estimates as net interest income fell in both its credit card and consumer banking business.

  • Jan 16- Credit card company American Express Co's quarterly profit more than doubled as customers spent more in the holiday season in the United States, its core market. American Express said worldwide spending on its cards rose 8 percent in the quarter ended Dec. 31, the biggest jump in four quarters.

  • Capital One profit rises 2 percent Thursday, 16 Jan 2014 | 4:12 PM ET

    Jan 16- Capital One Financial Corp, one of the largest credit card issuers in the United States, reported a 2 percent rise in quarterly profit as it set aside less provisions to cover credit losses. Net income rose to $859 million, or $1.45 per share, for the fourth quarter ended December 31, from $843 million, or $1.41 per share, a year earlier.

  • Jan 16- Credit card company American Express Co's quarterly profit more than doubled as it gained from higher consumer spending during the U.S. holiday season. The company's net income rose to $1.31 billion, or $1.21 per share, for the fourth quarter ended Dec. 31, from $637 million, or 56 cents per share, a year earlier.

  • WASHINGTON, Jan 16- The U.S. Treasury Department on Thursday announced plans to sell 410,000 shares in auto lender Ally Financial as part of its effort to unwind its financial bailout fund.

  • Jan 16- Citigroup will replace all customer debit cards involved in the data breach at Target Corp, the No.3 U.S. retailer, a spokeswoman for the bank said. "This is being done as a precautionary measure," Citi spokeswoman Elizabeth Fogarty told Reuters in an email reply late Wednesday. Citi is not reissuing credit cards, the New York Times said.

  • YOUR MONEY-Can you live without credit cards? Wednesday, 15 Jan 2014 | 3:35 PM ET

    Jan 15- As more cyber thieves steal personal and financial information, can you insulate yourself from the risk of having your money and identity stolen by giving up credit and debit cards? Many consumers are rethinking their use of plastic after a massive cyber attack on retailers such as Target Corp and Neiman Marcus.

Most Popular Video

Wednesday, 16 Apr 2014 | 11:11 PM ET

Vasu Menon, VP, Group Wealth Management at OCBC Bank, describes why Asian shares are mixed on Thursday despite dovish comments from the Fed overnight.

Wednesday, 16 Apr 2014 | 9:13 PM ET

Ha Jiming, Vice Chairman, China at Goldman Sachs Private Wealth Management, says China needs structural reforms that can correct imbalances in its economy.

Wednesday, 16 Apr 2014 | 8:55 PM ET

Frank Appel , CEO at Deutsche Post DHL, sees "higher chances than risks" for its business in the mainland despite recent data pointing to a slowdown.