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Tag: Consumer banking

Wells Fargo fined $1B for mortgage, auto lending abuses

NEW YORK — Wells Fargo will pay $1 billion to federal regulators to settle charges tied to misconduct at its mortgage and auto lending...
Reports: Wells Fargo to be fined $1B as early as Friday

NEW YORK — Federal regulators plan to fine Wells Fargo as much as $1 billion as early as Friday for abuses tied to its...
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ALBUQUERQUE, N.M. — The New Mexico Attorney General's Office has reached a $3.4 million settlement with two credit card companies over excessive fees charged...
When to ignore credit card advice

Conventional wisdom about credit cards is often black and white, from whether you should use cards at all to which types deserve a slot...
American Express 1Q profits rise 31 percent, helped by taxes

NEW YORK — Credit card giant American Express recorded its second-highest quarterly profit in its history on Wednesday, driven by strong customer spending on...
Tradeoff: No cash but faster lines as restaurants forgo cash

NEW YORK — The lunchtime lines at Dos Toros move faster these days — customers don't fumble for bills or coins, and employees don't...
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BOISE, Idaho — Idaho commissioners have asked a county treasurer to surrender her county credit card. ...
GOP’s regulatory fight goes to another level over car loans

WASHINGTON — The GOP-led Senate voted Wednesday to block Obama-era guidance a consumer protection agency issued five years ago to help ensure lenders don't...
Bank of America 1Q profits rise to record $6.9 billion

NEW YORK — Bank of America's profits rose to a record $6.9 billion last quarter thanks in part to the new tax law and...
Wells Fargo profit up, faces possible $1 billion settlement

WASHINGTON — Wells Fargo's profit jumped 6 percent during the first quarter, but that may be revised following an offer by federal regulators to...

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