Consumer banking

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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January 30, 2018 - 9:59 am
NEW YORK (AP) — In a story Jan. 29 about American Express CEO Kenneth Chenault, The Associated Press erroneously identified the Fortune 500 drug company that is led by a black CEO. Merck & Co., not Pfizer, has a black CEO. A corrected version of the story is below: Chenault dealt with crises,...
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FILE - In this Monday, July 18, 2016, file photo, American Express credit cards are photographed in North Andover, Mass. On Thursday, Jan. 18, 2018, American Express Co. reports financial results. (AP Photo/Elise Amendola, File)
January 18, 2018 - 4:32 pm
NEW YORK (AP) — Credit card company American Express is reporting it lost $1.2 billion in the fourth quarter, as the company booked large one-time charges related to the new tax law. On a per-share basis, American Express said it lost $1.41 a share, compared with a profit of $825 million, or 88...
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January 12, 2018 - 9:57 am
NEW YORK (AP) — Wells Fargo says its fourth-quarter earnings rose 17 percent from a year ago, as the consumer banking giant benefited from the recently passed GOP tax bill, but incurred additional costs related to improper sales practices and other matters. Wells said Friday that it earned $6.15...
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January 11, 2018 - 5:19 pm
BOSTON (AP) — Backers of a bill aimed at cracking down on mortgage lending companies targeting veterans say the measure is gaining support. The bill's sponsors — U.S. Sens. Elizabeth Warren and Thom Tillis — said Thursday the goal is to protect veterans, particularly those who purchase homes...
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December 08, 2017 - 11:27 am
WASHINGTON (AP) — President Donald Trump says government fines and penalties against Wells Fargo "will not be dropped" and is warning that they could be "substantially increased." The president is writing on Twitter following a report that the Consumer Financial Protection Bureau is looking at...
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December 02, 2017 - 6:51 pm
The technology publication Recode is reporting that Visa fired a high-profile executive for behavior that "violated" the credit card company's policy. Recode reported that Jim McCarthy's departure was announced in an internal memo Friday. As executive vice president of innovation and strategic...
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A boy looks over a Black Friday sale item at a J.C. Penney store, Friday, Nov. 24, 2017, in Seattle. Black Friday has morphed from a single day when people got up early to score doorbusters into a whole season of deals, so shoppers may feel less need to be out. (AP Photo/Elaine Thompson)
November 24, 2017 - 6:41 pm
NEW YORK (AP) — The Latest on Black Friday (all times local): 6:30 p.m.: Macy's says it has "fully resolved" problems on Black Friday related to its processing some gift and credit cards. The chain blamed the glitch on "overcapacity" that caused some transactions to take longer to process. It says...
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Secretary of State Rex Tillerson listens as President Donald Trump speaks during a cabinet meeting at the White House, Wednesday, Nov. 1, 2017, in Washington. (AP Photo/Evan Vucci)
November 01, 2017 - 5:38 pm
WASHINGTON (AP) — President Donald Trump on Wednesday signed the repeal of a banking rule that would have allowed consumers to join together to sue their bank or credit card company to resolve financial disputes. The president signed the measure at the White House in private. Journalists were not...
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Vice President Mike Pence speaks on tax reform at the American Enterprise Institute, Tuesday, Oct. 24, 2017, in Washington. (AP Photo/Andrew Harnik)
October 25, 2017 - 4:16 am
WASHINGTON (AP) — In a further rollback of Obama-era regulations, the Republican-led Senate voted narrowly to repeal a banking rule that would have allowed consumers to join together to sue their bank or credit card company to resolve financial disputes. Vice President Mike Pence cast the final...
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