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  • WASHINGTON, Sept 3- The top U.S. consumer protection regulator issued a stern warning to credit card companies on Wednesday, saying it believes some of them are deceiving customers about hidden fees associated with certain promotional offers.

  • U.S. consumers turn to auto loans at a record rate Wednesday, 3 Sep 2014 | 8:30 AM ET

    In the second quarter, 85 percent of new car purchases and 53.8 percent of used car purchases were financed, according to data from Experian Plc, an information provider.

  • "It's another example of just how bad things are in the consumer credit sector," said Nic Norman-Smith, chief investment officer of Lentus Asset Management, which owns shares in JD Group's parent, Steinhoff International.

  • SANTIAGO, Chile, Aug 26- MasterCard Inc, the world's second-largest debit and credit card company, expects net revenue to double in Latin America over the next four to five years on strong consumer spending and a shift to electronic payment from cash, a leading executive told Reuters.

  • Credit card delinquency rate hits record low in Q2 Tuesday, 26 Aug 2014 | 12:15 PM ET

    The rate of US credit card payments at least 90 days overdue fell to its lowest level in at least seven years, according to TransUnion.

  • NEW YORK, Aug 15- Large global banks are facing increased pressure from U.S. regulators to clamp down on casino money-laundering as the government pushes the industry to police not only its own transactions but customers' as well.

  • Aug 14- Mortgage applicants who can't provide tax returns or pay stubs to show their income are getting stated income loans again as companies such as Unity West Lending and Westport Mortgage chase customers they can no longer afford to ignore.

  • SAN FRANCISCO, Aug 13- Amazon.com Inc unveiled a $10 credit-card reader and mobile app for businesses on Wednesday, expanding further into bricks-and-mortar retail and the rapidly evolving mobile payments arena. The new point-of-sale system, called Amazon Local Register, would give Amazon crucial data on how U.S. consumers shop offline, analysts say.

  • WASHINGTON, Aug 11- Virtual currencies such as bitcoin are the "Wild West" of financial products because of risks including huge swings in exchange rates, the U.S. Consumer Financial Protection Bureau said on Monday. Gox, a Tokyo- based exchange that filed for bankruptcy after losing an estimated $650 million worth of customer bitcoins.

  • U.S. consumer finance watchdog warns over bitcoin Monday, 11 Aug 2014 | 11:44 AM ET

    WASHINGTON, Aug 11- The U.S. Consumer Financial Protection Bureau on Monday warned over the risks of virtual currencies such as bitcoin, including unclear costs, volatile exchange rates and the threat of hacking and scams.

  • Confusion still surrounds overdraft policies Saturday, 9 Aug 2014 | 7:00 AM ET
    A Visa debit card is shown at the center of other debit and credit cards in Washington.

    A majority of the bank customers who paid a debit card overdraft penalty fee in the last year, did not recall signing up for this service

  • The company, formerly known as Fair Isaac Corp, said on Thursday that overdue medical payments that have already been settled will be ignored while calculating credit risk.

  • The company, formerly known as Fair Isaac Corp, said on Thursday that overdue medical payments that have already been settled will be ignored while calculating credit risk.

  • Aug 7- Santander Consumer USA Holdings Inc said it has recently received a civil subpoena from the U.S. Department of Justice related to its nonprime auto loans. FIRREA, the Financial Institutions Reform, Recovery and Enforcement Act, allows the Justice Department to sue over fraud affecting a federally insured financial institution.

  • NEW YORK, Aug 6- Wells Fargo& Co has relaxed its standards for loans for some high-priced homes as the largest U.S. mortgage lender tries to combat an industry-wide drop in mortgage volumes.

  • Aug 4- For-profit college operator ITT Educational Services Inc said Chief Executive Kevin Modany has stepped down as chairman of its board and will resign from his post, effective Feb. 4. ITT said the potential buyer, College Portfolio Buyer LLC, dropped out after ITT refused to extend a due diligence period.

  • WASHINGTON, Aug 4- The U.S. government is investigating General Motors Co's auto financing arm over subprime auto loans it made and securitized since 2007, the company disclosed on Monday. General Motors Financial Co Inc said it was served with a subpoena from the Department of Justice directing it to turn over documents related to underwriting criteria.

  • ITT shares plunge after property sale collapses Monday, 4 Aug 2014 | 12:05 PM ET

    Aug 4- ITT Educational Services Inc's shares fell more than 30 percent to their lowest in 14 years after the for-profit college operator said a deal to sell some of the properties fell through.

  • GM unit gets subpoena over subprime auto loans Monday, 4 Aug 2014 | 11:28 AM ET

    Aug 4- General Motors Co's auto financing arm said it received a subpoena from the U.S. Department of Justice to produce documents related to subprime auto loans since 2007..

  • WASHINGTON, Aug 1- A U.S. lawmaker has launched an inquiry into the amount of money the Commodity Futures Trading Commission spends on office leases, expressing concern that the derivatives regulator is wasting taxpayer money on underutilized space.