American Express Co. rose$. 04 or percent, to $84.54. Capital One Financial Corp. fell$. 41 or. 6 percent, to $71.94. Discover Financial Services fell$. 19 or. 4 percent, to $51.92.» Read More
Aug 28- U.S. federal regulators are preparing to impose a fine of $80 million on JPMorgan Chase& Co relating to its dealings with retail customers during the recession, the New York Times reported, citing people familiar with the matter.
WASHINGTON, Aug 28- U.S. federal regulators on Wednesday will unveil a reworked proposal aimed at reducing risk in the mortgage market and limiting the type of shoddy underwriting practices that fueled the housing bubble.
WASHINGTON, Aug 21- The U.S. consumer watchdog said on Wednesday it had found numerous problems in how banks and other financial firms deal with mortgage borrowers, and in some cases, it has launched investigations for possible enforcement actions.
WASHINGTON, Aug 19- President Barack Obama called top U.S. financial regulators to the White House on Monday, instructing them to speed up Wall Street reforms in the face of intense bank lobbying. In a readout of the afternoon meeting, the White House said Obama and the officials talked about ways the regulators could better coordinate, among other topics.
WASHINGTON, Aug 19- President Barack Obama plans to communicate a "sense of urgency" about finishing new rules for Wall Street when he meets with top U.S. financial regulators on Monday, a White House spokesman said.
Renaud Laplanche, Founder & CEO of LendingClub.com, discusses his online "matchmaking" business for borrowers and investors.
Aug 8- Canadian Tire Corp, best known for its automotive and homeware stores, said it would seek a financial partner for its C $4.4 billion credit card portfolio to reduce funding risks. Canadian Tire's financial services business contributed 8.4 percent to its total revenue of C $3.02 billion in the quarter ended June.
WASHINGTON, Aug 7- U.S. consumer credit rose less than expected in June, held back by the largest decline in credit card use in a year as households continue to pay down debts. Total consumer installment credit increased by $13.8 billion to $2.8 trillion, Federal Reserve data showed on Wednesday.
Aug 5- Wells Fargo& Co, the fourth-largest U.S. bank, is trying to grow its relatively small credit-card business with an unusual strategy: appealing to its customers' distaste for debt. In 2007, Wells Fargo debuted the Home Rebate Card, which offers a 1 percent rebate that automatically goes toward paying down principal on a Wells Fargo home loan.
WASHINGTON, Aug 1- Republicans in the U.S. House of Representatives demanded information on Thursday about several former top staffers of the Consumer Financial Protection Bureau who the lawmakers say have turned their inside knowledge of the agency into a lucrative business.
MADRID, July 30- Earnings from Santander SA's flagship Latin American businesses fell in the first half of 2013 as lending income from Brazil faltered, taking the shine off improved group profits. A shaky economic recovery in Brazil- Santander's biggest Latin American market- has been a top concern for investors and analysts tracking the bank in recent months.
WASHINGTON, July 29- U.S. bank regulators, wary of upsetting the fragile housing market, are moving cautiously in fashioning dozens of new rules to prevent reckless underwriting and other mortgage market abuses.
Gray charges totaled $14.3 billion in 2012, according to a study released Thursday by the credit card usage monitoring company BillGuard in conjunction with the research firm Aite Group. Credit card issuers, the report says, spent an estimated $562 million in customer service time to deal with disputes and process charge-backs.
NEWARK, N.J./ BOSTON, July 25- U.S. prosecutors charged six foreign nationals with hacking crimes, including credit and debit card thefts that authorities say cost U.S. and European companies more than $300 million in losses, and charged one of them with breaching Nasdaq computers.
NEWARK, N.J./ BOSTON, July 25- U.S. prosecutors have charged five foreign nationals with payment card theft resulting in more than $300 million in losses for companies in the U.S. and in Europe in what they described as the country's largest hacking fraud case in history.
WASHINGTON, July 24- U.S. regulators will soon unveil a new proposal that is seen as softening rules to prevent the type of shoddy underwriting practices that fueled the housing bubble, according to two sources familiar with the matter.
WASHINGTON, July 23- The U.S. consumer watchdog filed a legal complaint on Tuesday against a Utah- based mortgage company that the regulator said rewarded employees for steering borrowers to pricier loans.
WASHINGTON, July 23- The U.S. consumer watchdog filed a legal complaint on Tuesday against a Utah- based mortgage company that the regulator said was paying employees more to steer borrowers to pricier loans.
TORONTO, July 23- Canada's Competition Tribunal has dismissed a complaint about the rules imposed on merchants by the Canadian arms of MasterCard Inc and Visa Inc, a victory not only for the card companies but for the banks that issue the cards.
TORONTO, July 23- Canada's Competition Tribunal has dismissed a complaint against credit card issuers that had alleged the rules they impose on merchants who accept their cards are too restrictive and anti-competitive.