Consumer Finance


  • Feb 3- A credit card data breach had been detected that exposed guests at certain Marriott, Holiday Inn, Sheraton and other hotel properties to theft, hotel management firm White Lodging Services Corp said on Monday.

  • WASHINGTON, Feb 3- The Secret Service on Monday urged U.S. lawmakers to do more to prevent the types of cyber thefts of consumer information that recently have hit Target Corp and other major retailers.

  • LOS ANGELES, Feb 3- Student loan borrowers who feel trapped by high-rate private loans finally have more options to refinance their debt, but not everyone will be able to find relief.

  • Jan 31- General Electric Co has hired Goldman Sachs Group Inc and JPMorgan Chase& Co to lead the initial public offering of its North American retail finance business, the Financial Times reported on Friday, citing anonymous sources. The new company should be worth roughly $16 billion to $18 billion, bankers have estimated.

  • WASHINGTON, Jan 29- The U.S. consumer financial watchdog said on Wednesday it was seeking fines against PHH Corp and repayment to consumers over allegations that the mortgage lender steered borrowers to insurers from which it took kickbacks.

  • *Shares hit a high of $26.45, valuing company at $9.19 bln. Jan 23- Shares of Santander Consumer USA Holding Inc, the auto-finance unit of Spanish bank Santander SA, rose as much as 10 percent in their U.S. market debut as investors expect the company to benefit from rising auto sales. As of Sept. 30, about $850 billion of auto loans were outstanding in the United States.

  • 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.

  • UK to cap 'payday' loan rates     Monday, 25 Nov 2013 | 11:40 AM ET

    Matthew Lawrence, a research fellow at the U.K.'s Institute for Public Policy Research, discusses a forthcoming law to cap the astronomic interest rates lenders can charge on so-called payday loans.

  • How government bickering is hurting Main Street Monday, 4 Nov 2013 | 6:00 AM ET
    A TJ Maxx store in Cincinnati

    The government shutdown may have ended a couple of weeks ago, but, like a bad hangover, the economic fears and financial uncertainty are lingering.

  • Recouping wedding costs lost to the shutdown Friday, 25 Oct 2013 | 2:04 PM ET

    Couples who relocated or rescheduled weddings due to the shutdown may be able to get their money back.

  • Cellphones are now essentials for the poor Thursday, 12 Sep 2013 | 12:24 PM ET
    Ethel Brown relies on her cellphone to stay connected with potential employers.

    The cellphone has become one of the most popular communication technologies in the world, so many people view it as more of a necessity.

  • Credit card confusion: How do I earn rewards? Thursday, 5 Sep 2013 | 2:53 PM ET

    Credit cards that offer rewards are more popular than ever. And yet, many people who have these cards don't really know how they work.

  • US seeks to tame mortgage risk, prevent new bubble Wednesday, 28 Aug 2013 | 8:00 AM ET

    U.S. federal regulators on Wednesday will unveil a reworked proposal aimed at reducing risk in the mortgage market and limiting shoddy underwriting practices.

  • The rise of peer-to-peer lending     Monday, 12 Aug 2013 | 9:43 PM ET

    Renaud Laplanche, Founder & CEO of LendingClub.com, discusses his online "matchmaking" business for borrowers and investors.

  • UK is back on 'firmer footing': pro     Tuesday, 23 Jul 2013 | 2:40 AM ET

    Howard Archer, chief U.K. & European economist at IHS Global Insight, talks about the pick-up in U.K. data but advises against investing in "pure, domestic exposure" to the U.K..

  • UK GDP to 'significantly' improve: pro     Thursday, 18 Jul 2013 | 7:00 PM ET

    Peter Dixon, senior economist at Commerzbank Securities, expects U.K's GDP to strengthen but highlights that there are still many imbalances in the economy that need to be dealt with.

  • UK recovery hasn't got 'much legs': pro     Tuesday, 16 Jul 2013 | 2:30 AM ET

    Ross Walker, senior U.K. economist at RBS and Luciano Janelli, chief economist at MIG Bank, question the sustainability of the U.K. recovery and whether more stimulus is needed in Europe.

  • Morningstar Says Client Data May Have Been Leaked Saturday, 6 Jul 2013 | 5:29 PM ET

    Morningstar said personal information, including credit-card details, of about 2,300 customers may have been compromised due to a security breach last year.

  • Court Rules for American Express in Class Action Thursday, 20 Jun 2013 | 11:17 AM ET

    The Supreme Court ruled that an arbitration agreement prevents merchants from bringing class action claims against American Express.

  • More Brokers Seek to Buff Smudges Out of Records Tuesday, 11 Jun 2013 | 1:04 PM ET
    Seth Lipner, a lawyer who represents investors in cases against brokers, at Deutsch & Lipner in Garden City, N.Y.

    As investors rely increasingly on Finra’s database to vet Wall Street professionals, some brokers and executives are trying to remove complaints.