Consumer banking

FILE - This Aug. 11, 2017, file photo shows a sign at a Wells Fargo bank location in Philadelphia. The New York Times and other news outlets are reporting Thursday, April 19, 2018, that federal regulators plan to fine Wells Fargo as much as $1 billion as early as Friday for abuses tied to its auto lending and mortgage businesses. (AP Photo/Matt Rourke, File)
April 19, 2018 - 8:30 pm
NEW YORK (AP) — Federal regulators plan to fine Wells Fargo as much as $1 billion as early as Friday for abuses tied to its auto-lending and mortgage businesses, The New York Times and other news outlets reported, citing unnamed sources. The potential $1 billion fine would be largest ever imposed...
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FILE - This Oct. 4, 2016, file photo shows a mockup of an American Express Platinum Card provided by the company in New York. American Express reports earnings Wednesday, April 18, 2018. (AP Photo/Patrick Sison, File)
April 18, 2018 - 5:21 pm
NEW YORK (AP) — Credit card giant American Express recorded its second-highest quarterly profit in its history on Wednesday, driven by strong customer spending on its namesake credit cards and a much lower tax bill. New York-based American Express earned a profit of $1.63 billion, or $1.86 a share...
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FILE- This Friday, Aug. 11, 2017, file photo shows a sign at a Wells Fargo bank location in Philadelphia. Wells Fargo reports earnings Friday, April 13, 2018. (AP Photo/Matt Rourke, File)
April 13, 2018 - 9:53 am
WASHINGTON (AP) — Wells Fargo's profit jumped 6 percent during the first quarter, but that may be revised following an offer by federal regulators to settle a host of investigations into the consumer banking giant at a cost of $1 billion. Wells is navigating several investigations tied to the...
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FILE- This Friday, Aug. 11, 2017, file photo shows a sign at a Wells Fargo bank location in Philadelphia. Wells Fargo reports earnings Friday, April 13, 2018. (AP Photo/Matt Rourke, File)
April 13, 2018 - 8:46 am
WASHINGTON (AP) — Wells Fargo is acknowledging that Federal regulators have offered to resolve a host of investigations into the consumer banking giant for $1 billion. The disclosure comes as Wells reports a 6 percent increase in first-quarter profit. Wells continues to navigate several...
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In this March 5, 2018 photo, the East Front of the U.S. Capitol at sunset in Washington. The Senate passed bipartisan legislation Wednesday designed to ease bank rules that were enacted to prevent a relapse of the 2008 financial crisis that caused millions of Americans to lose their jobs and homes. (AP Photo/Alex Brandon)
March 14, 2018 - 7:10 pm
WASHINGTON (AP) — The Senate passed bipartisan legislation Wednesday designed to ease bank rules that were enacted to prevent a relapse of the 2008 financial crisis that caused millions of Americans to lose their jobs and homes. The Senate voted 67-31 for a bill from Republican Senator Mike Crapo...
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FILE - In this Monday, July 24, 2017, file photo, a GrabBike driver rides on his motorbike in Jakarta, Indonesia. The Southeast Asian ride hailing app Grab is expanding into financial services in partnership with a Japanese credit card company, hoping to offer credit to millions of people without bank accounts. (AP Photo/Tatan Syuflana, File)
March 13, 2018 - 5:35 am
JAKARTA, Indonesia (AP) — Southeast Asian ride hailing app Grab is expanding into financial services in partnership with a Japanese credit card company, hoping to offer credit to millions of people without bank accounts. Grab, founded by Malaysian businessman Anthony Tan, said Tuesday it will use...
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FILE - In this March 6, 2018, file photo, Sen. Mike Crapo, R-Idaho, chairman of the Senate Banking Committee, joined by, Sen. John Thune, R-S.D., left, and Senate Majority Leader Mitch McConnell, R-Ky., right, talks to reporters as the Senate moves closer to passing legislation to roll back some of the safeguards Congress put in place to prevent a repeat of the 2008 financial crisis, at the Capitol in Washington. Burrowed within new Senate legislation to roll back restraints on banks is a break from data reporting requirements for lenders making certain levels of mortgage loans. (AP Photo/J. Scott Applewhite, File)
March 12, 2018 - 4:10 pm
WASHINGTON (AP) — Buried within new Senate legislation to roll back restraints on banks is a provision that would exempt an estimated 85 percent of all U.S. banks and credit unions from public reporting requirements, raising fears that discriminatory practices by lenders could go undetected. The...
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February 11, 2018 - 7:58 pm
NEW YORK (AP) — Wells Fargo has made missteps in its efforts to make amends to customers who were forced to buy unneeded auto insurance. Bank spokeswoman Catherine Pulley said 38,000 customers received a letter they did not need and that contained no refund. She said the error was due to a coding...
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In this Friday, Feb. 2, 2018, photo released by the Crime Suppression Division of the Thailand Police, Sergey Medvedev, 31, center, is arrested outside an apartment in his role in an international identity theft ring that sold stolen credit card information on the dark web, leading to losses of over $530 million. (Crime Suppression Division of the Thailand via AP)
February 09, 2018 - 8:58 am
BANGKOK (AP) — Police in Thailand announced Friday they have arrested a Russian national accused by U.S. authorities of running an online cybercrime marketplace where everything from stolen credit card information to hardware for compromising ATM machines could be purchased. Police said that Sergey...
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This image provided by Starbucks shows the new Starbucks Rewards credit card, launched in cooperation with JPMorgan Chase and Visa. The Starbucks Rewards credit card has a $49 annual fee and lets cardholders earn free Starbucks drinks and food for purchases made in and out of the coffee chain. (Courtesy of Starbucks via AP)
February 01, 2018 - 10:12 am
NEW YORK (AP) — Starbucks has a new product that it hopes will hook coffee lovers: a credit card. The card, launched Thursday with JPMorgan Chase and Visa, comes as Starbucks struggles with slowing growth in the U.S. With the new card, Starbucks wants to lure those who aren't yet signed up for its...
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