*Rules take effect in January 2014. WASHINGTON, Jan 17- The U.S. Consumer Financial Protection Bureau announced new rules for mortgage servicers on Thursday to help prevent the sloppy practices that aggravated the U.S. foreclosure crisis.
*Expects Q4 EPS $0.56, adj EPS $1.09. Jan 10- Credit card company American Express Co said it would cut about 5,400 jobs, or 8.5 percent of its workforce, as it restructures its business and pay legal bills. American Express tends to cut staff at the beginning of recessions.
WASHINGTON/BALTIMORE, Jan 10- The U.S. consumer watchdog on Thursday finalized new mortgage rules that are expected to have little short-term impact on the housing market but could prevent banks from returning to the pre-crisis practice of churning out risky subprime mortgages.
WASHINGTON, Jan 10- The U.S. government's consumer finance watchdog said on Thursday it will force banks to use new criteria to determine whether a borrower can repay a home loan, in an effort to avert the kind of loose lending that helped push the economy into recession.
WASHINGTON, Jan 10- More than five years after the housing market collapsed, the U.S. government's newly created consumer watchdog said Thursday it will force banks to verify a borrower's ability to repay loans to ward off the kind of loose lending that helped push the U.S. economy into recession.
Jan 10- The U.S. Consumer Financial Protection Bureau on Thursday announced new mortgage rules that seek to ensure borrowers do not take on loans they cannot repay. Regulators said the new rules would prevent irresponsible mortgage lending by requiring lenders to verify consumers' ability to pay back loans or face potential lawsuits.
WASHINGTON, Jan 8- U.S. consumer credit rose in November for the fourth straight month, beating expectations and giving a hopeful sign for the strength of the economy. The Federal Reserve said on Tuesday consumer credit increased by $16.05 billion in November after rising by a slightly revised $14.08 billion in October.
WASHINGTON, Jan 8- U.S. consumer credit rose in November for the fourth straight month, beating expectations and giving a hopeful sign for the strength of the economy. The Federal Reserve said on Tuesday consumer credit increased by $16.05 billion in November after rising by an slightly revised $14.08 billion in October.
*American Express, Discover, Citigroup accused of collusion. American Express Co, Discover Financial Services and Citigroup Inc face the allegations in two antitrust lawsuits filed by customers who had to sign arbitration agreements in order to get credit cards.
*Citi has Monday deadline for stress test by Fed. Jan 6- Citigroup Inc's Michael Corbat has been meeting with bank regulators in his first months as CEO, as he looks to bolster relationships and finalize the bank's plan to return capital to shareholders, sources familiar with the matter said. Corbat is expected to play it safe when Citigroup asks the U.S.
Although changes to money market funds since 2010 have made them more transparent and stable, SEC Chairman Mary Schapiro told CNBC that there are structural weaknesses still to be addressed.
The Fast Money traders share their final trades of the day.
Tuesday, 18 Jun 2013 | 5:00 PM ETAhead of the Fed meeting, the S&P 500 appears headed toward 1,687, StockMonster's Guy Adami says.
Tuesday, 18 Jun 2013 | 6:40 PM ETYou say the name of a stock, and Mad Money's Jim Cramer tells you whether to buy or sell.