Victoria Finkle

American Express is downplaying concerns over the impact of a proposed settlement in a longstanding retailers' lawsuit against Visa and MasterCard.

Its second-quarter earnings were noisy, but the McLean, Va., company appears poised for a comeback in the second half of 2012.

Stricter state regulation of payday lenders slows use of the loans and doesn't drive borrowers online or out of state, says the Pew Charitable Trusts in a new report.

American Express' (AXP) profits rose slightly in the second quarter on higher consumer spending, the company said after the markets closed Wednesday.

The majority of likely voters, regardless of party affiliation, support the Dodd-Frank financial reform law and the Consumer Financial Protection Bureau, according to a poll organized by consumer advocates.

The bank has bought back its card portfolio and now it is rolling out six new credit cards designed to appeal to its existing customers.

PNC Bank is rolling out a reloadable prepaid card in an effort to capture its share of consumers who do not have traditional bank accounts.

The luxury retailer Neiman Marcus is now accepting the Discover (DFS) credit card at is 42 namesake stores and its Bergdorf Goodman stores in New York.

The credit card industry's proposed deal to settle long-pending retailer lawsuits set insiders chattering, divided over how much each side won and lost in the deal.

Visa, MasterCard and the largest banks have announced a proposed multi-billion dollar settlement with U.S. retailers in a longstanding lawsuit over swipe fees charged by the networks.

After Wells Fargo reported record second-quarter profit on Friday, CFO Timothy Sloan explained why the bank is optimistic about mortgages, M&A and expenses.

The San Francisco bank's $175 million fair-lending settlement with the Department of Justice announced on Thursday amounts to a drop in the bucket relative to its strong second-quarter earnings, driven in large part by its mortgages unit.

Regions Financial has unveiled a new line of Visa credit cards, following its repurchase of its card portfolio from Bank of America's FIA Services last summer.

The lawsuit, filed on behalf of a Baton Rouge, La., man suffering from Alzheimer's disease, accuses a banker from JPMorgan Chase of using a debit card to steal $300 a day for more than a year.

San Bernardino County is forging ahead with deliberations on a proposal to seize underwater mortgages, despite its largest city's decision to seek bankruptcy. But industry members say the bankruptcy could interrupt funding for the plan.

Analytics companies FICO and CoreLogic have launched a new credit score to help mortgage lenders better evaluate potential borrowers.

Provided it kept costs in line and has no bad surprises to announce Friday, Wells Fargo could steal some of the glow normally monopolized by JPMorgan Chase during earnings season.

UBS analysts downgraded Visa (V) and MasterCard (MA) stocks to "sell" ratings on Monday, citing weaker U.S. and global economic data.

Bank of America and Citigroup will be joining some of their largest competitors in offering customers simpler checking account disclosures, the banks confirmed Thursday.

Jerome Byers, Citigroup's new head of small business banking, discusses priorities for the unit and his own past as a small-business owner.