Consumer banking

FILE - In this Jan. 21, 2015, file photo, a sign indicating Visa credit cards are accepted is posted at a New York business. Payment processing giant Visa is launching a platform to allow banks to integrate various types of biometrics, such as your fingerprint, face, voice, etc., into approving credit card applications and payments. It could lead to customers having to take a selfie to verify they actually made an online purchase or applied for a particular credit card. (AP Photo/Mark Lennihan, File)
October 19, 2017 - 1:35 pm
NEW YORK (AP) — The selfie is everywhere — Facebook, Instagram, Twitter — and soon your bank could be asking for one in order to approve your purchase or credit card application. Payment processing giant Visa is launching a platform to allow banks to integrate various types of biometrics — your...
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FILE - In this Tuesday, Dec. 6, 2011, file photo, American Express Chairman and CEO Kenneth Chenault speaks at the Council on Foreign Relations in New York. Chenault, one of the most prominent black corporate leaders and long-time chairman and CEO of American Express, is stepping down from his role in 2018, the company announced on Wednesday, Oct. 18, 2017. (AP Photo/Mark Lennihan, File)
October 18, 2017 - 6:38 pm
NEW YORK (AP) — Kenneth Chenault, one of the most prominent black corporate leaders and long-time chairman and CEO of American Express, is stepping down next year, the company announced Wednesday. Chenault, 66, will be replaced on Feb. 1 by Stephen Squeri, who will take over as both American...
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FILE - In this Thursday, Oct. 13, 2016, file photo, commuters walk by a Wells Fargo ATM location at New York's Penn Station. Wells Fargo & Co. reports earnings Friday, Oct. 13, 2017. (AP Photo/Swayne B. Hall, File)
October 13, 2017 - 12:01 pm
NEW YORK (AP) — Wells Fargo's third-quarter profits took a beating this quarter, falling 18 percent, after the bank had to set aside about $1 billion for legal expenses related to its mortgage practices before the financial crisis. The legacy from last decade's housing bubble bit Wells at a time...
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This Monday, Jan. 11, 2016, photo shows a Chase bank branch in New York. JPMorgan Chase & Co. reports earnings Thursday, Oct. 12, 2017. (AP Photo/Mark Lennihan)
October 12, 2017 - 6:25 pm
NEW YORK (AP) — JPMorgan Chase & Co. third-quarter profits rose 7 percent from a year earlier, as the bank as able to increase revenue in its consumer banking business even though the company saw a sizeable drop in trading revenue in the quarter. The biggest bank by deposits and assets said...
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October 12, 2017 - 6:55 am
LONDON (AP) — London-based bank HSBC says John Flint will be its new chief executive, replacing the retiring Stuart Gulliver. The bank said in statement Thursday that Flint, who currently heads up retail banking and wealth management, will take the job on Feb. 21. Chairman Mark Tucker says Flint...
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FILE - In this Nov. 12, 2013, file photo, Consumer Financial Protection Bureau Director Richard Cordray testifies before a Senate Committee on Banking hearing on Capitol Hill in Washington. Cordray has announced plans to resign his office by the end of November 2017. He is expected to return to his home state of Ohio to run for governor. The Democrat has been a leading critic of President Donald Trump within the government. (AP Photo/Jacquelyn Martin, File)
October 05, 2017 - 3:40 pm
NEW YORK (AP) — Payday and auto title lenders will have to adhere to stricter rules that could significantly curtail their business under rules finalized Thursday by a federal regulator. But the first nationwide regulation of the industry is still likely to face resistance from Congress. The...
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September 29, 2017 - 3:28 pm
WASHINGTON (AP) — The U.S. Chamber of Commerce and an array of trade groups representing banks and businesses have filed a lawsuit targeting a rule that allows people to band together to sue banks or credit card companies. The rule from the Consumer Financial Protection Bureau would give people the...
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August 08, 2017 - 12:14 pm
MINNEAPOLIS (AP) — Federal prosecutors in Minnesota say PHH Corp. and two subsidiaries have agreed to pay over $74 million to settle allegations they violated standards for underwriting government-backed mortgages. Acting U.S. Attorney for Minnesota Gregory Brooker said in a statement Tuesday that...
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July 25, 2017 - 5:30 pm
WASHINGTON (AP) — Targeting government regulations, the Republican-led House on Tuesday voted to nullify a rule that would let consumers join together to sue their banks or credit card companies rather than use an arbitrator to resolve a dispute. The repeal resolution passed by a vote of 231-190...
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July 25, 2017 - 1:36 pm
WASHINGTON (AP) — The Republican-led House is seeking to overturn a rule that would let consumers join together to sue their banks or credit card companies rather than use an arbitrator to resolve a dispute. The Consumer Financial Protection Bureau finalized the rule just two weeks ago. The rule...
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