American Express Co. fell$. 30 or. 3 percent, to $94.44. Capital One Financial Corp. fell$. 51 or. 6 percent, to $83.88. Discover Financial Services fell$. 03 or percent, to $62.99.» Read More
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.
March 29- Trustwave Holdings Inc, a credit-card security firm that has been sued along with Target Corp over a sweeping data breach, said on Saturday it did not process cardholder data for the retailer or handle Target's data security as a lawsuit alleges.
Consumer reporter Kelli Grant tells consumers key things to look for when comparing travel credit cards.
CNBC's Kelli Grant reports on the benefits for American Express platinum card holds under new credit card rules.
AmEx Platinum cardholders are losing some lounge access, but gaining free Wi-Fi. When does the $450 annual fee pay off?
NOVO-OGARYOVO, Russia, March 27- President Vladimir Putin said on Thursday that Russia would develop its own credit card system to reduce reliance on Western-based companies and soften the potential blow from U.S. and EU sanctions.
March 26- Target Corp and Trustwave Holdings Inc, which provides credit card security services, have been sued by two banks for "monumental" losses they say card issuers will face because of the retailer's holiday season data breach. Target already faces dozen of lawsuits over the breach.
The California Department of Motor Vehicles has opened an investigation into a possible security breach of its credit card processing services, a spokesman for the agency said.
LOS ANGELES, March 22- The California Department of Motor Vehicles has opened an investigation into a possible security breach of its credit card processing services, a spokesman for the agency said. Representatives from MasterCard Inc and Visa Inc could not immediately be reached for comment.
March 22- The California Department of Motor Vehicles has opened an investigation into a possible security breach of its credit card processing services, a spokesman for the agency said.
The e-retailer had commissioned a forensic audit by Trustwave after Discover Card, owned by Discover Financial Services, first alerted the company last August that it was a likely point of compromise.
*Goldman Sachs, JP Morgan, Citigroup, Morgan Stanley are lead underwriters. *Unit seeks $20 bln to $25 bln valuation- Bloomberg. GE will look to raise as much as $3.5 billion from the IPO and seek a valuation of $20 billion to $25 billion for the unit, Bloomberg reported, citing people with knowledge of the matter.
WASHINGTON, March 13- A Target Corp team of security experts, armed with a malware detection tool made by FireEye Inc, alerted company officials about a possible data breach on Nov. 30, but they failed to respond to the warning signs, according to a media report on Thursday.
*Goldman Sachs, JP Morgan, Citigroup, Morgan Stanley are lead underwriters. March 13- General Electric Co's credit card unit filed for an initial public offering, the first step in the conglomerate's planned exit from the retail finance business.
GE's North American credit card business filed for an initial public offering as part of GE's efforts to reduce exposure to its financial businesses.
*Goldman Sachs, JP Morgan, Citigroup, Morgan Stanley are lead underwriters. Synchrony Financial filed a $100 million placeholder with the U.S. Securities and Exchange Commission on Thursday and GE said it expects to complete the IPO later this year. Goldman Sachs& Co, JP Morgan, Citigroup and Morgan Stanley are lead underwriters for the IPO, according to the filing.