American Express Co. rose $1.36 or 1.6 percent, to $87.40. Capital One Financial Corp. rose$. 64 or. 9 percent, to $75.16. Discover Financial Services rose $1.02 or 1.8 percent, to $56.52.» Read More
WASHINGTON— Bank of America Corp. is paying $772 million in fines and refunds to settle regulators' accusations that it misled customers who bought extra credit-card products and illegally charged others for credit monitoring and reporting services they didn't receive.
CNBC's Kayla Tausche reports Bank of America reached a settlement of about $800 million over credit card practices.
Fed minutes show officials struggling with language to convey future interest-rate levels Toyota recalls 1.8 M vehicles in the US— and nearly 6.4 M globally— for various defects Passwords, other sensitive data exposed to potential theft by' Heartbleed' security flaw US stocks rise following an encouraging start to corporate earnings, minutes from Fed meeting Database reveals Medicare paid some doctors $3 million or more apiece in 2012; one got $20.8 M Bank of America paying $772 M in settlement with US regulators over selling credit card extras Consumer products company P&G selling Iams, other pet food brands to Mars for $2.9 billion Small businesses waiting again for Congress to make decisions that could save them money Hewlett-Packard paying $108 M to resolve charges employees bribed officials in 3 countries Panera CEO looks to fix chain's' mosh pit' system of ordering
American Express Co. fell$. 47 or. 5 percent, to $86.13. Capital One Financial Corp. fell$. 19 or. 3 percent, to $75.36. Discover Financial Services fell$. 42 or. 7 percent, to $56.28.
American Express Co. fell $2.57 or 2.9 percent, to $86.60. Capital One Financial Corp. fell $1.15 or 1.5 percent, to $75.55. Discover Financial Services fell $1.69 or 2.9 percent, to $56.70.
Consumer borrowing climbed $16.5 billion in February, up from a $13.5 billion gain in January, the Federal Reserve reported Monday. The category that includes credit cards fell $2.4 billion after a $241 million drop in January.
WASHINGTON, April 7- U.S. consumer credit rose more than expected in February, likely reflecting a surge in demand for student and automobile loans. Total consumer credit increased by $16.49 billion to $3.13 trillion, the Federal Reserve said on Monday.
American Express Co. fell $2.16 or 2.4 percent, to $87.01. Capital One Financial Corp. fell $1.30 or 1.7 percent, to $75.40. Discover Financial Services fell $1.40 or 2.4 percent, to $56.99.
WASHINGTON— The Federal Reserve releases a report on how much consumers borrowed in February. BORROWING UP: The forecast is that borrowing increased slightly in February to $14 billion, according to a survey of economists by FactSet. BORROWING EXPANDS: In January, consumer borrowing rose $13.7 billion following a $15.9 billion gain in December.
American Express Co. fell $1.81 or 2.0 percent, to $89.17. Capital One Financial Corp. fell$. 77 or 1.0 percent, to $76.70. Discover Financial Services fell $1.06 or 1.8 percent, to $58.39.
American Express Co. fell $1.10 or 1.2 percent, to $89.88. Capital One Financial Corp. fell$. 33 or. 4 percent, to $77.14. Discover Financial Services fell$. 74 or 1.2 percent, to $58.71.
American Express Co. fell$. 55 or. 6 percent, to $90.43. Capital One Financial Corp. rose$. 08 or. 1 percent, to $77.55. Discover Financial Services fell$. 12 or. 2 percent, to $59.33.
*Popular in talks with Citi over Spanish retail unit. MADRID, April 4- Banco Popular said on Friday it was in talks to buy Citigroup's retail banking and credit card business in Spain, where other foreign players struggling to compete with local banks after a financial crisis have considered exits.
Bank of America is close to settling with a U.S. regulator over the sale of services sold as add-ons to credit cards.
WASHINGTON, April 3- Bank of America Corp is close to settling with a U.S. consumer regulator over the sale of services sold as add-ons to credit cards, sources familiar with the talks said.
WASHINGTON, April 3- Bank of America Corp is close to a settlement with the U.S. Consumer Financial Protection Bureau over problems with products sold as add-ons to credit cards, sources familiar with the talks said.
US CONSUMER REGULATOR CLOSE TO SETTLEMENT WITH BANK OF AMERICA OVER CREDIT CARD ADD-ON PRODUCTS-SOURCES.
April 3- Bank of America Corp is in talks to may pay more than $800 million to settle allegations by the Consumer Financial Protection Bureau that it forced customers to sign up for extra credit-card products, the Wall Street Journal reported, citing people familiar with the matter.
April 1- Wells Fargo& Co said on Tuesday that it agreed to issue and service credit cards for retailer Dillard's Inc, the latest move by the fourth-largest U.S. bank to boost its card business.
April 1- Two U.S. banks that sued Target Corp and credit card security firm Trustwave Holdings Inc over responsibility for one of the largest data breaches on record have at least for now dropped their lawsuit.