Consumer banking

May 08, 2018 - 6:44 pm
WASHINGTON (AP) — The GOP-led House of Representatives voted Tuesday to kill guidance from a consumer protection agency aimed at ensuring lenders didn't charge minority consumers more on car loans. Republicans have made the rollback of government regulations a high priority. In this case, they say...
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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 20, 2018 - 10:22 am
NEW YORK (AP) — Wells Fargo will pay $1 billion to federal regulators to settle charges tied to its mortgage and auto lending business, the latest chapter in a wide-ranging scandal at the banking giant. However, it appears that none of the $1 billion will go directly to the victims of Wells Fargo's...
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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 20, 2018 - 9:44 am
NEW YORK (AP) — Wells Fargo will pay $1 billion to federal regulators to settle charges tied to its mortgage and auto lending business, the latest chapter in a wide-ranging scandal at the banking giant. However, it appears that none of the $1 billion will go directly the victims of Wells Fargo's...
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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 20, 2018 - 12:04 am
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 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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In this April 10, 2018, photo, Senate Majority Leader Mitch McConnell, R-Ky., flanked by Sen. Cory Gardner, R-Colo., left rear, and Sen. John Barrasso, R-Wyo., right rear, speaks on Capitol Hill in Washington. The Republican-led Congress last year revoked more than a dozen Obama-era federal regulations. Now, it’s poised to undo guidance a consumer protection agency issued five years ago to help ensure minority car buyers aren’t charged higher interest rates. “Republicans are chopping away at the tangled mess of regulations the last administration left behind,” said McConnell. “Our whole economy is getting a tune-up. And now it’s time for the front end of the auto industry to come along for the ride.” (AP Photo/J. Scott Applewhite)
April 18, 2018 - 12:36 am
WASHINGTON (AP) — The Republican-led Congress last year revoked more than a dozen Obama-era federal regulations. Now, it's poised to undo guidance a consumer protection agency issued five years ago to help ensure minority car buyers aren't charged higher interest rates. Republicans said that...
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FILE - In this Jan. 14, 2015, file photo, people walk past a branch of Chase bank, in New York. JPMorgan Chase & Co. reports earnings Friday, April 13, 2018. (AP Photo/Mark Lennihan, File)
April 13, 2018 - 4:16 pm
NEW YORK (AP) — Three of America's biggest banks reported higher profits Friday, with a huge assist from the tax law passed late last year. JPMorgan reported a record quarterly profit, while Citigroup and Wells Fargo topped analyst expectations. Banks are expected to be major beneficiaries of 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 - 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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