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Debt Credit Cards

  • Tim Cook

    Jim Cramer looks into the group of stocks that drove the Dow Jones' gains in the third quarter.

  • Cash Loan

    New protections from the CFPB curtail payday loans, yet consumer advocates say they should still be a "loan of last resort."

  • Richard Smith, former chairman and CEO of Equifax, Inc., arrives to testify before the U.S. Senate Banking Committee on Capitol Hill in Washington, U.S., October 4, 2017.

    A lawsuit challenging arbitration rules asks for a compliance delay as congressional action to overturn it stalls.

  • Richard Smith, former chairman and CEO of Equifax Inc., testifies before House Energy and Commerce hearing on "Oversight of the Equifax Data Breach: Answers for Consumers" on Capitol Hill in Washington, U.S., October 3, 2017.

    Research shows 158 million people would pay a fee to shield their personal data from criminals.

  • LONDON, Oct 3- Reliance on the Libor interest rate benchmark in setting mortgages, credit card loans and other contracts across the world poses a risk to the financial system, the Bank of England said on Tuesday. In minutes published on Tuesday of its Sept. 20 Financial Policy Committee meeting, officials gave their bluntest warning yet about concerns over the...

  • Shake Shack to open cashless, kiosk-only location in New York City

    The company hopes to test a number of digital and hospitality innovations in this location before rolling them out elsewhere.

  • Sept 29- U.S. lenders are concerned their consumer loan and credit card businesses could be stymied if large numbers of people lock or freeze their credit reports to protect themselves in the wake of the Equifax Inc hack. The banks want people to buy things on credit without a second thought, "said Chris Hoofnagle, a law professor at the University of California,...

  • BoE@ LONDON, Sept 29- LONDON, Sept 29- Consumer lending in Britain rebounded in August and rose by the largest amount in three months, Bank of England figures showed on Friday, shortly after Governor Mark Carney said banks had been lending too much. Earlier on Friday Carney said there was no overall debt bubble in Britain but that the BoE was worried about "a pocket of...

  • BUENOS AIRES, Sept 27- Argentina's Prisma credit card and payment processing network will be split up in an attempt to increase competition in the country's financial sector, Production Minister Francisco Cabrera said late on Tuesday. The break up of Prisma, owned by Visa International and 14 banks that operate in Argentina, is part of President Mauricio...

  • of England@ LONDON, Sept 25- British banks have underestimated the risks from a surge in consumer borrowing and need to hold an extra 10 billion pounds of capital to guard against future dangers, the Bank of England said on Monday. Last month the BoE forecast the economy would slow next year, partly due to Britain's looming departure from the European Union, and...

  • of England@ LONDON, Sept 25- British banks have underestimated the risks from a surge in consumer borrowing and need to hold an extra 10 billion pounds of capital to guard against future dangers, the Bank of England said on Monday. Last month the BoE forecast the economy would slow next year, partly due to Britain's looming departure from the European Union, and...

  • BRIGHTON, England, Sept 25- Britain's opposition Labour Party set out plans on Monday to nationalize billions of pounds of privately-funded infrastructure contracts, cap credit card interest charges, and get extra cash from large corporations. Although no election is due until 2022, it is preparing for Theresa May's Conservative minority government to...

  • BRIGHTON, England, Sept 25- Britain's opposition Labour Party set out plans on Monday to nationalise billions of pounds of privately-funded infrastructure contracts, cap credit card interest charges, and get extra cash from large corporations. Although no election is due until 2022, it is preparing for Theresa May's Conservative minority government to...

  • LONDON, Sept 25- Britain's financial watchdog rejected calls to cap interest rates charged on credit cards on Monday, saying that planned measures to help people avoid excessive debt should be given time to work. "We are not there at the moment," Andrew Bailey, chief executive of the Financial Conduct Authority, said in response to calls from Britain's Labour...

  • REUTERS SUMMIT- FCA CEO WANTS TIME FOR NEW CREDIT CARD MEASURES TO WORK BEFORE CONSIDERING EXTRA STEPS.

  • REUTERS SUMMIT- FINANCIAL CONDUCT AUTHORITY CEO SAYS NOT THE TIME TO CAP CREDIT CARD RATES.

  • risks@ LONDON, Sept 25- British lenders need to hold around an extra 10 billion pounds in capital to guard against increased risks from rapidly rising unsecured consumer lending, the Bank of England said on Monday. British consumer borrowing is growing at nearly 10 percent a year, far faster than incomes, and the BoE's Financial Policy Committee said it would tell...

  • NEW YORK, Sept 21- U.S. consumer credit reporting bureau Equifax Inc risks losing support from banks unless it can show its database on millions of borrowers is secure from another cyber-attack. "Given the level of interdependence between lenders and these data providers, they have a vested interest in there being more than two and would like Equifax to still...

  • NEW YORK, Sept 21- U.S. consumer credit reporting bureau Equifax Inc risks losing support from banks unless it can show its database on millions of borrowers is secure from another cyber-attack. "Given the level of interdependence between lenders and these data providers, they have a vested interest in there being more than two and would like Equifax to still...

  • Equifax trading information and the company logo are displayed on a screen where the stock is traded on the floor of the New York Stock Exchange in New York.

    Consumers were referred to a site that mocked Equifax instead of assisting consumers.