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Diversified Financials Consumer Finance

  • WASHINGTON, June 13- A U.S. Treasury Department plan for reworking financial rules would reduce regulatory overlap and help the economy, the official tasked with drawing up the proposal said, rebutting criticism from Democratic lawmakers that the effort was aimed at boosting bank profits. Craig Phillips, counselor to Treasury Secretary Steven Mnuchin, said...

  • *Dow hits record intraday high. June 13- U.S. stocks were higher on Tuesday, with the Dow hitting an all-time high as bank stocks gained and technology shares rebounded from a selloff. "The selloff in tech probably was a bit further than people expected, so there is some bargain hunting back into that sector," said Rick Meckler, president of LibertyView Capital...

  • President Donald Trump will be able to overhaul many of the Wall Street reforms put in place after the 2007-2009 financial crisis without the blessing of Congress, where Senate Democrats could throw up procedural roadblocks. Just one of Trump's financial regulatory nominees has been approved by Congress, Securities and Exchange Commission Chair Jay...

  • June 13- The Dow Jones Industrial Average hit a record intraday high as bank stocks rose ahead of a highly anticipated interest rate hike and as technology stocks rebounded. Investors are also looking for more details on the central bank's plans to trim its $4.5 trillion balance sheet. The Fed is expected to release its decision at 2:00 p.m. ET on Wednesday...

  • June 13- U.S. stocks looked set to open higher on Tuesday as technology shares staged a recovery after a two-day rout, while investors awaited the Federal Reserve to kick off a meeting, where it is almost certain to raise interest rates. Investors are also looking for more details on the central bank's plans to trim its $4.5 trillion balance sheet.

  • The nearly 150- page report suggested more than 100 changes, most of which would be made through regulators rather than Congress, Treasury Secretary Steven Mnuchin said in an interview. Republican President Donald Trump has gradually been nominating heads of financial agencies to carry out his agenda, but only Mnuchin and Securities and Exchange...

  • The nearly 150- page report that suggested more than 100 changes, most of which would be made through regulators rather than Congress, Treasury Secretary Steven Mnuchin said in an interview. Republican President Donald Trump has gradually been nominating heads of financial agencies to carry out his agenda, but only Mnuchin and Securities and Exchange...

  • The nearly 150- page report that suggested more than 100 changes, most of which would be made through regulators rather than Congress, Treasury Secretary Steven Mnuchin said in an interview. Republican President Donald Trump has gradually been nominating heads of financial agencies to carry out his agenda, but only Mnuchin and Securities and Exchange...

  • President Donald Trump will be able to overhaul many of the Wall Street reforms put in place after the 2007-2009 financial crisis without the blessing of Congress, where Senate Democrats could throw up procedural roadblocks. Just one of Trump's financial regulatory nominees has been approved by Congress, Securities and Exchange Commission Chair Jay...

  • The nearly 150- page report that suggested more than 100 changes, most of which would be made through regulators rather than Congress, Treasury Secretary Steven Mnuchin said in an interview. Republican President Donald Trump has gradually been nominating heads of financial agencies to carry out his agenda, but only Mnuchin and Securities and Exchange...

  • June 12- The U.S. Treasury Department unveiled a sweeping plan on Monday to upend the country's financial regulatory framework, which, if successful, would grant many items on Wall Street's wishlist. The nearly 150- page report that suggested more than 100 changes, most of which would be made through regulators rather than Congress. Republican President Donald...

  • June 12- The U.S. Treasury Department unveiled a sweeping plan on Monday to upend regulations put in place after the 2008 financial crisis in ways that would reduce the authority of a consumer protection agency and grant Wall Street banks more flexibility in their trading businesses. President Donald Trump has gradually been nominating heads of financial...

  • WASHINGTON, June 12- The U.S. Supreme Court on Monday declined to widen the reach of a federal law targeting abusive debt-collection tactics such as harassment and threats, ruling it does not cover companies that buy debt, sometimes for pennies on the dollar, and then collect it. The four Maryland residents had defaulted on car loans and had sought to sue Santander.

  • WASHINGTON, June 8- Republicans in the U.S. House of Representatives voted on Thursday to replace the 2010 Dodd-Frank Wall Street reform law, a move that is expected to die in the Senate but open the door to revamping or eliminating regulations that came out of the 2007-09 financial crisis. Earlier on Thursday, Senate Banking Committee Chairman Mike Crapo, a...

  • WASHINGTON, June 8- The U.S. House of Representatives on Thursday voted largely along party lines to replace the 2010 Dodd-Frank Wall Street reform law, a move that is expected to die in the Senate but open the door to revamping or eliminating regulations that came out of the 2007-09 financial crisis. Authored by House Financial Services Committee Chairman Jeb...

  • WASHINGTON, June 8- The U.S. House of Representatives on Thursday voted largely along party lines to replace the 2010 Dodd-Frank Wall Street reform law, a move that is expected to die in the Senate but open the door to revamping or eliminating regulations that came out of the 2007-09 financial crisis. Authored by House Financial Services Committee Chairman Jeb...

  • ATHENS, June 6- Greek banks made progress in their fight to cut their exposure to doubtful and non-performing loans in the first quarter, data from the country's central bank showed on Tuesday. But corporate, mortgages and consumer lending that has turned bad during years of crisis still accounts for slightly more than half of the banking sector's overall loan...

  • Kmart store

    Sears said on Wednesday it found a security breach involving "unauthorized" credit card activity following some customer purchases at its Kmart stores.

  • May 31- Sears Holdings Corp said on Wednesday it found a security breach involving "unauthorized" credit card activity following some customer purchases at its Kmart stores. Certain credit card numbers were "compromised" in the event, the company said in an emailed statement, without providing exact figures. No personal information such as contact details and...

  • WASHINGTON, May 31- California lawmakers are making headway on legislation to allow state residents to sue financial institutions for fraud, rather than letting banks force customers to settle disputes in arbitration. The state Senate on Tuesday passed the bill, spurred by last year's Wells Fargo phantom accounts scandal. "Instead of allowing victims to have...