Consumer banking

FILE - In this Oct. 14, 2019, file photo a Bank of America logo is attached to the exterior of the Bank of America Financial Center building in Boston. Bank of America reports financial results Wednesday, Jan. 15, 2020. (AP Photo/Steven Senne)
January 15, 2020 - 8:48 am
NEW YORK (AP) — Consumer banking giant Bank of America said Wednesday that its fourth-quarter profits fell 4% from a year ago, as the bank was impacted by the rapid decline of interest rates in late 2019. The Charlotte, North Carolina-based bank said Wednesday that it earned a profit of $6.99...
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FILE - This Aug. 11, 2019 file photo shows Visa credit cards in New Orleans. On Wednesday, Jan. 8, 2020, the Federal Reserve releases its August report on consumer borrowing for November. (AP Photo/Jenny Kane, File)
January 08, 2020 - 3:27 pm
WASHINGTON (AP) — U.S. consumers slowed their borrowing in November, mainly by piling up less credit card debt. The Federal Reserve said Wednesday that consumer credit rose by a seasonally adjusted $12.5 billion in November, down from a gain of $19 billion in October. The sharp slowdown reflected a...
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Democratic presidential candidate Sen. Elizabeth Warren, D-Mass., smiles during a rally at West Delaware High School, Saturday, Jan. 4, 2020, in Manchester, Iowa. (AP Photo/Andrew Harnik)
January 07, 2020 - 4:39 pm
WASHINGTON (AP) — Sen. Elizabeth Warren is promising to remake the nation’s consumer bankruptcy system if elected president, returning to her political roots while also potentially picking a fight with a top rival for the Democratic nomination, former Vice President Joe Biden. The Massachusetts...
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Police arrive on a street laid with bricks by protesters in Hong Kong, Wednesday, Jan. 1, 2020. Hong Kong toned down its New Year’s celebrations amid the protests that began in June and which have dealt severe blows to the city’s retail, tourism and nightlife sectors. (AP Photo/Vincent Yu)
January 01, 2020 - 10:31 am
HONG KONG (AP) — Hundreds of thousands of people packed Hong Kong streets for an annual New Year's Day protest march as the monthslong pro-democracy movement extended into 2020 with further violence between police and demonstrators. Police said they arrested some 400 people for unlawful assembly...
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FILE - This April 2, 2015 file photo shows a Wawa convenience store in Philadelphia. The Wawa convenience store chain says a data breach may have collected debit and credit card information from thousands of customers, Thursday, Dec. 19, 2019. (AP Photo/Matt Rourke, File)
December 19, 2019 - 6:46 pm
WAWA, Pa. (AP) — The Wawa convenience store chain says a data breach may have collected debit and credit card information from thousands of customers. Pennsylvania-based Wawa Inc. said Thursday that its information security team discovered malware on its payment processing servers on Dec. 10 and...
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This Oct. 8, 2019, photo shows a Chase Sapphire card in New York. On Friday, Dec. 6, The Federal Reserve releases its report on consumer borrowing for October. (AP Photo/Jenny Kane)
December 06, 2019 - 3:58 pm
WASHINGTON (AP) — U.S. consumers ramped up their credit card spending in October. The Federal Reserve said Friday that total consumer borrowing rose in October by a seasonally adjusted $18.9 billion, up from a September increase of $9.6 billion. It was the biggest increase in borrowing in three...
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This Sunday, Dec. 1, 2019, photo shows rewards offered through Chase bank on an iPhone in the Brooklyn borough of New York. Banks want to turn data they already have on your spending habits into extra revenue by identifying likely customers for retailers. Wells Fargo became the latest bank to customize retail offers to individual customers. It joins Chase, Bank of America, PNC, SunTrust and a slew of smaller banks. (AP Photo/Jenny Kane)
December 02, 2019 - 12:27 pm
NEW YORK (AP) — There’s a powerful new player watching what you buy so it can tailor product offerings for you: the bank behind your credit or debit card. For years, Google and Facebook have been showing ads based on your online behavior. Retailers from Amazon to Walgreens also regularly suction up...
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File - This Thursday, Nov. 29, 2018 file photo shows credit card logos posted on a store's door in Philadelphia. The SMART acronym calls for goals to be specific, measurable, assignable, realistic and time-related. (AP Photo/Matt Rourke, File)
November 21, 2019 - 11:50 am
Shatoria Smith was tired of the $5,000 in credit card debt she felt was blocking her from reaching her financial goals. She couldn’t see an easy path to being debt-free, so she drew herself a map by adapting a goal-setting framework she’d first heard about in a college business class: the SMART...
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FILE - In this Sept. 25, 2019, file photo a sign indicates a new selling price for a house sits atop a realtor's sign in Jackson, Miss. On Thursday, Nov. 14, Freddie Mac reports on this week’s average U.S. mortgage rates. (AP Photo/Rogelio V. Solis, File)
November 14, 2019 - 1:37 pm
WASHINGTON (AP) — U.S. long-term mortgage rates rose this week amid optimism over prospects for the U.S. economy. Rates remain at historically low levels, however, as an incentive to prospective homebuyers. Mortgage giant Freddie Mac said Thursday the average rate for a 30-year fixed-rate mortgage...
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FILE - This Aug. 11, 2019 file photo shows Visa credit cards in New Orleans. A credit card’s fine print can more than strain your eyes; your wallet can also feel the pain if you don’t understand the terms. (AP Photo/Jenny Kane, File)
September 10, 2019 - 1:00 pm
Sifting through a credit card's terms and conditions can be daunting. The language isn't always straightforward, and it's not uncommon to feel lost. Two-thirds of consumers report fully understanding credit cards' rewards offerings, according to J.D. Power's 2019 Credit Card Satisfaction Study ...
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