American Express Co. rose$. 79 or. 9 percent, to $86.40. Capital One Financial Corp. rose$. 88 or 1.1 percent, to $79.27. Discover Financial Services rose$. 45 or. 7 percent, to $62.34.» Read More
July 18- General Electric Co's credit card unit, Synchrony Financial, said it expects to raise up to $3.25 billion in a public offering of shares, in what is expected to be the biggest U.S. The offering of 125 million shares is expected to be priced at between $23 and $26 per share, the company said in a filing with the U.S. Securities and Exchange Commission on Friday.
The company said it expects to price the offering of 125 million shares at between $23 and $26 per share, the company said in a filing with the U.S. Securities and Exchange Commission on Friday.
July 17- Capital One Financial Corp, one of the largest U.S. credit card issuers, reported an 8 percent rise in quarterly profit as card loans grew and credit quality remained stable.
The Democrat-controlled Senate is not expected to approve the bill as it is now. Earlier this week, the White House said that President Barack Obama "strongly opposes House passage" of the appropriations bill and would veto it if the legislation reached his desk.
WASHINGTON, July 16- The U.S. consumer finance watchdog on Wednesday proposed publishing on its website individuals' stories about bad experiences with credit cards, student loans and other financial services, prompting quick pushback from banks.
WASHINGTON, July 10- The U.S. consumer watchdog on Thursday said payday lender ACE Cash Express must pay $10 million to settle accusations that it had used unfair debt collection practices, such as threatening to sue borrowers, to pressure them into taking out new loans.
BEIJING- Sixth round of the U.S.- China Strategic and Economic Dialog will be held in Beijing, China. Treasury Secretary Jacob Lew and Secretary of State John Kerry will join their respective Chinese co-chairs, Vice Premier Wang Yang and State Councilor Yang Jiechi, for the Dialog.
WASHINGTON, July 8- U.S. consumer credit rose in May, a sign that easy monetary policy was providing substantial support for the economy. Total consumer credit increased by $19.6 billion to $3.19 trillion, the Federal Reserve said on Tuesday. Analysts polled by Reuters expected an increase of $20 billion in the month.
CHARLOTTE, United States- Federal Reserve Bank of Richmond President Jeffrey Lacker speaks on "Economic Outlook, July 2014" before a luncheon hosted by the Rotary Club of Charlotte in Charlotte- 1700 GMT.
WELLINGTON- Reserve Bank of New Zealand Deputy Governor Geoff Bascand delivers a speech on "The evolution of New Zealand's currency." AIX-EN-PROVENCE, France- ECB Executive Board member Benoit Coeure speaks at a conference in Aix-en-Provence on European investments- 0815 GMT.
NEW YORK, July 3- American Express Co is set to face off against the U.S. government and 17 states in a trial that begins on Monday over claims that it stifles competition from credit card providers that charge lower processing fees.
BRUSSELS, July 3- Europe should update its laws to reflect the rise of digital currencies, the head of a bitcoin start-up said, after a successful U.S. auction of bitcoins was seen as a sign of their broadening appeal.
WASHINGTON, June 27- The U.S. Consumer Financial Protection Bureau should play a bigger role in shielding people against risks from virtual currencies such as Bitcoin, a government watchdog said on Friday. "Recent events suggest that consumer protection is an emerging risk," the report by the Government Accountability Office said.
TOKYO, June 27- Four years after Japan tightened rules on the consumer finance industry- and wiped out thousands of non-bank moneylenders- some lawmakers in the ruling Liberal Democratic Party want to shift back to deregulation, arguing this would help small businesses access the cash they need and fuel economic growth.
London’s reputation as a leading financial hub has been hit, but some argue that financial technology could be its saving grace.
*To buy GE Money Bank for 700 million euros. MADRID, June 23- Spain's Santander is buying GE Money Bank, GE Capital's consumer finance business in Sweden, Norway and Denmark, for 700 million euros in its latest move to diversify away from its struggling domestic market.
WASHINGTON, June 19- General Electric's credit card unit agreed to pay nearly $230 million to resolve allegations that it did not offer some services to Spanish speakers and engaged in other practices that harmed consumers, U.S. authorities said on Thursday.
NEW YORK, June 16- Bank of America Corp has become the first big bank to agree to use a New York regulator's database to ensure it does not process illegal payments from payday lenders to state residents, Governor Andrew Cuomo said on Monday.
June 16- Capital One Financial Corp has agreed to fundamentally change the way it uses consumer database, ChexSystems, to restrict only customers who land in the database for fraud, the New York Times reported, citing people briefed on the matter.
NEW YORK, June 11- Struggling to get out of credit card debt he accumulated in college, Rion Robinson tried a lot of different approaches to curb his spending, from old-fashioned spreadsheets to money management programs like Mint. Then Robinson, a 27- year-old who works for a medical supplier in Columbus, Ohio, tried the Level Money budgeting app.