Diversified Financials Consumer Finance

  • Getting your first credit card is like moving into your first apartment: It's exciting, empowering— and, once you get used to it, pretty underwhelming. Your first time out, "you're not going to have a credit card that is going to have a high limit," says Paul Golden, spokesman for the National Endowment for Financial Education. "It's not going to have great benefits or...

  • WASHINGTON, Aug 8- The Trump administration moved on Wednesday to shrink a government agency tasked with identifying looming financial risks, notifying around 40 staff members they would be laid off, according to a person familiar with the changes. The employees at the Office of Financial Research were formally told on Wednesday they will lose their jobs as...

  • SAN FRANCISCO— Supreme Court nominee Brett Kavanaugh worries about federal agencies running amok. He has argued that judges have given federal agencies leeway to push policies that go well beyond what Congress allowed. In a dissent last year as a judge on the U.S. Court of Appeals for the District of Columbia Circuit, Kavanaugh cited Supreme Court decisions in...

  • 'Financial Missionaries' Preach Personal Finance Mmgt In Christian Context

    More banks are doling out credit card points for users who stay loyal. 

  • WASHINGTON, July 27- Democratic lawmakers stepped up pressure on President Trump's pick to lead the Consumer Financial Protection Bureau, demanding more information on her role in the administration's immigration policies and her stance on consumer finance issues, according to letters seen by Reuters on Friday. The requests for information filed with the...

  • July 26- Synchrony Financial said on Thursday that its store credit card program with Walmart Inc will not be renewed, ending a near two-decade long partnership. Shares of the company, which issues private-label cards as well as co-branded cards, fell 10 percent to $30.15 in late-afternoon trading. Earlier on Thursday, the Wall Street Journal reported...

  • July 26- Walmart Inc has chosen Capital One Financial Corp as the new issuer of its store credit card, ending a partnership with Synchrony Financial, the Wall Street Journal reported on Thursday, citing people familiar with the matter. Shares of Synchrony Financial were down 6.5 percent at $31.25 in afternoon trading, while those of capital One were little...

  • WASHINGTON, July 19- The U.S. consumer finance watchdog ordered an Alabama- based payday lender on Thursday to return $500,000 to borrowers who were overcharged, a fine that people familiar with the matter said was only a third of what the prior Obama-era head of the agency had sought. The settlement between Triton Management Group Inc and the Consumer Financial...

  • WASHINGTON, July 19- President Donald Trump's choice to lead the U.S. consumer watchdog survived aggressive questioning by lawmakers on Thursday and looked on track to secure a confirmation vote that could come as soon as this month. There were heated exchanges in the Senate as Democratic lawmakers grilled Kathy Kraninger, a government official, on her role in...

  • WASHINGTON, July 19- There were heated exchanges in U.S. Congress on Thursday as Democratic lawmakers grilled President Donald Trump's pick to lead the country's consumer watchdog on her involvement in the government's "zero tolerance" immigration policy. Democratic senators repeatedly pressed Kathy Kraninger, a senior government official, on her role in...

  • WASHINGTON, July 19- The U.S. consumer finance watchdog ordered an Alabama- based payday lender on Thursday to return $500,000 to borrowers who were overcharged, a fine that people familiar with the matter said was only a third of what the prior Obama-era head of the agency had sought. The settlement between Triton Management Group Inc and the Consumer Financial...

  • WASHINGTON, July 19- There were heated exchanges in U.S. Congress on Thursday as Democratic lawmakers grilled President Donald Trump's pick to lead the country's consumer watchdog on her involvement in the government's "zero tolerance" immigration policy. Democratic senators repeatedly pressed Kathy Kraninger, a senior government official, on her role in...

  • July 19- Wells Fargo& Co is in the process of refunding millions of dollars to customers for adding services to their accounts without their full understanding, the Wall Street Journal reported on Thursday, citing sources. Wells Fargo charged monthly fees for these products ranging from pet insurance to legal services that customers did not fully understand,...

  • WASHINGTON, July 19- Fireworks are expected in U.S. Congress on Thursday when lawmakers question Kathy Kraninger, a senior government official and President Donald Trump's pick to lead the consumer watchdog created after the 2007-2009 financial crisis. Kraninger will be quizzed by U.S. senators to prove she has adequate experience to lead the Consumer...

  • WASHINGTON, July 19- Fireworks are expected in U.S. Congress on Thursday when lawmakers question Kathy Kraninger, a senior government official and President Donald Trump's pick to lead the consumer watchdog created after the 2007-2009 financial crisis. Senators to prove she has adequate experience to lead the Consumer Financial Protection Bureau.

  • *Q2 EPS $5.98 vs forecast $4.46. July 17- Goldman Sachs Group Inc was pressed for details on new businesses after an uneven second-quarter performance, a likely preview of challenges incoming Chief Executive David Solomon will face as he leads the Wall Street bank's overhaul. Once considered the most savvy Wall Street trading house, it has suffered because of...

  • Although Citigroup beat Wall Street profit expectations, its revenue fell short of forecasts and businesses like branded credit cards and retail banking in Mexico are not yet generating the kind of revenue investors want to see. During a conference call, Chief Executive Officer Michael Corbat touted progress Citigroup has made toward goals he set last year...

  • WASHINGTON, July 13- U.S. consumer watchdog chief Mick Mulvaney ordered that a debt collector and its former chief executive pay $800,000 for harassing borrowers but he dropped $60 million in payouts that his Obama-era predecessor had sought, according to three people familiar with the decision. The CFPB said in a statement it had fined Kansas- based National...

  • WASHINGTON, July 13- U.S. consumer watchdog chief Mick Mulvaney ordered that a debt collector and its former chief executive be fined $800,000 for harassing customers, but he dropped $60 million in customer payouts that his Obama-era predecessor had sought, according to three people familiar with the decision. The CFPB said in a statement it had fined Kansas-...

  • WELLS FARGO CFO SAYS HE EXPECTS AUTO LOAN ORIGINATIONS TO BE FLAT TO HIGHER.