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  • 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.

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

  • WASHINGTON, July 31- Consumers who opt in for bank overdraft protection end up paying more than double for small purchases, a U.S. consumer watchdog warned on Thursday, giving banks a fee bonanza when checking accounts are short of funds.

  • *Shares touch low of $22.60, below IPO price of $23. July 31- General Electric Co's credit card unit, Synchrony Financial, made a muted debut on the New York Stock Exchange on Thursday as investors remained ambivalent about the chances of a consumer-led U.S. economic recovery.

  • *Shares touch a high of $24, above IPO price $23. July 31- General Electric Co's credit card unit, Synchrony Financial, made a muted debut on the New York Stock Exchange on Thursday as investors remained ambivalent about the chances of a consumer-led U.S. economic recovery.

  • GE credit card unit Synchrony makes muted debut on NYSE Thursday, 31 Jul 2014 | 9:55 AM ET

    July 31- General Electric Co's credit card unit, Synchrony Financial, made a muted debut on the New York Stock Exchange on Thursday as investors remained ambivalent about a consumer-led U.S. economic recovery. Synchrony's shares touched a high of $24 before slipping to $22.75, just below the offer price of $23 per share.

  • July 31- MasterCard Inc, the world's second-largest debit and credit card company, posted a better-than-expected 10 percent rise in quarterly profit, as more customers used its cards to make purchases. MasterCard shares were up 2.8 percent at $78 in trading before the bell on Thursday.

  • MasterCard quarterly profit rises 10 pct Thursday, 31 Jul 2014 | 8:05 AM ET

    July 31- MasterCard Inc, the world's second-largest debit and credit card company, posted a 10 percent rise in quarterly profit, as more customers used cards to make purchases. The company's net income rose to $931 million, or 80 cents per share, in the second quarter ended June 30, from $848 million, or 70 cents per share, a year earlier.

  • July 30- General Electric Co's credit card unit, Synchrony Financial, raised $2.88 billion in the biggest initial public offering so far this year, the company said on Wednesday.

  • WASHINGTON, July 29- More than 17,000 U.S. military personnel and other consumers will receive about $92 million in debt relief as part of a settlement over a lender's alleged improper practices, the U.S. consumer watchdog and 13 states announced on Tuesday.

  • July 29- American Express Co reported a bigger-than-expected 9 percent rise in quarterly profit as more customers used its credit cards in a recovering U.S. economy.

  • NEW YORK, July 29- Ally Financial Inc reported a bigger-than-expected quarterly profit on Tuesday as auto lending jumped 11 percent to the second-highest level in the company's history. The former financing arm of General Motors Co said it had earned $323 million, or 54 cents per share, in the second quarter.

  • NEW YORK, July 24- Trying to take your financial temperature? It's not just a matter of how much money you have in the bank. Contrary to big financial numbers that make most people stick their heads in the sand, many obsess about their credit scores, says Greg McBride, chief financial analyst for Bankrate.com.

  • WASHINGTON, July 23- U.S. regulators and 15 states announced a wave of lawsuits on Wednesday against law firms and mortgage assistance companies they said have scammed borrowers since at least 2011 by falsely promising home loan modifications and other foreclosure relief.

  • July 18- The success of General Electric Co's impending initial public offering for its private-label credit card unit could ride on investors' willingness to bet that a lukewarm consumer-led U.S. economic recovery heats up.