Consumer banking

A Southeastern Pennsylvania Transportation Authority bus (SEPTA) turns onto Market Street in Philadelphia, Wednesday, May 2, 2018. Lawyers for an investigative reporting organization are suing Philadelphia's main transit agency after it refused to run ads about the group's stories on racial disparities in mortgage lending. (AP Photo/Matt Rourke)
May 02, 2018 - 11:19 am
PHILADELPHIA (AP) — Lawyers for an investigative reporting organization are suing the Philadelphia region's main transit agency after it refused to run ads about the group's stories on racial disparities in mortgage lending. The American Civil Liberties Union, along with co-counsel representing the...
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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 - 11:52 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 years-long, wide-ranging scandal at the banking giant. However, it appears that none of the $1 billion will go directly to the victims of...
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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 - 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 - 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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In this Wednesday, Jan. 31, 2018, photo, Master Card and Visa logos on credit cards is shown in Zelienople, Pa. On Wednesday, March 7, the Federal Reserve releases its January report on consumer borrowing. (AP Photo/Keith Srakocic)
March 07, 2018 - 3:27 pm
WASHINGTON (AP) — American consumers increased their borrowing at a slower pace in January, as the category that covers credit cards recorded the smallest increase in three years. January's gain of $13.9 billion followed a $19.2 billion increase in December and a November surge of $30.9 billion,...
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February 23, 2018 - 1:41 am
LINCOLN, Neb. (AP) — The nation's largest privately-owned bank holding company and a major car rental chain said Thursday they will stop promotions aimed at National Rifle Association members. The Nebraska-based First National Bank of Omaha will not renew its contract to issue the group's NRA Visa...
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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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