Check out which companies are making headlines after the bell Wednesday: Facebook, AT&T, Gilead & more.» Read More
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.
Millions of Americans with shoddy credit records are obtaining used car loans, resembling the subprime mortgage mess, The NYT found.
Pittsburgh, June 3- One morning in April, my Yahoo email account was disabled for no apparent reason. In the seven weeks since my account was shut, I've spent about 12 hours on hold with Yahoo customer service and corresponded with the company at least 15 times.
Richard Cordray, director of the U.S. Consumer Financial Protection Bureau, said consumers who monitor their credit will be less likely to default. Richard Hunt, head of the Consumer Bankers Association, a trade group for retail banks, said banks support efforts to better educate consumers but that providing credit scores might not be the best way to do it.
Cisco and Whole Foods Market are among those moving after the bell Wednesday.
The Dow closed at 15,994, a gain of 1.2 percent. The Nasdaq was up 1 percent at 4,191, higher on the year but still off its January highs.
The Fed chair's first testimony before Congress is the big event for markets in the week ahead, as traders sift through economic data.
Check out which companies are making headlines after the bell Monday:
Not all scores are created equal and depending on the wrong "free" score can hurt you financially.
Barack Obama said that U.S. authorities are investigating whether hackers unearthed and posted online financial information that belongs to first lady Michelle Obama and a variety of celebrities like Beyonce and Jay-Z.
Take a look at some of Monday's midday movers:
ATLANTA-- Equifax Inc., which collects and sells consumer credit information, said Wednesday that its profit grew 17 percent in the third quarter, aided by stronger revenue in its consumer-information business. Excluding the impact of acquisition-related expenses, Equifax's earnings amounted to 75 cents per share.
NEW YORK-- The Federal Trade Commission said Wednesday that credit reporting firm Equifax Inc. will pay $393,000 to resolve allegations it broke the law by selling lists of consumers who were late on their mortgage payments. The agency said Equifax and Direct Lending Source violated the FTC Act and the Fair Credit Reporting Act.
*Equifax pays $393,000; Direct Lending $1.2 million. WASHINGTON, Oct 10- Consumer credit rating company Equifax Inc has agreed to pay $393,000 to settle allegations that it improperly sold information on consumers who had fallen behind on their mortgages, the Federal Trade Commission said on Wednesday.
*Began notifying some former employees of offer to pay pension benefits in. *Equifax- group represents about 20% of co's qualified pension plan liabilities. which were about $630 million as of December 31, 2011.
The companies that determine Americans' credit scores are about to come under government oversight for the first time. The Consumer Financial Protection Bureau said that it will start supervising the 30 largest firms that make up 94 percent of the industry.
We’re nearly three-quarters of the way through earnings season, with the bulk of the companies so far beating expectations. Bespoke Investment Group found dozens of “triple play stocks”—shares of companies that (a) beat earnings estimates; (b) surpassed revenue estimates; and (c) ramped-up future guidance on their reporting days.
With the financial industry recovering and fee income reduced by new regulations, lenders are seeking to woo back less creditworthy borrowers. The New York Times reports.
What follows is a roundup of corporate earnings reports for Wednesday, April 27.
What follows is a roundup of corporate earnings reports for Wednesday, Oct. 27.