Banks could face tighter scrutiny under Rep. Maxine Waters

NEW YORK (AP) — Come January, the banking industry is going to be on Rep. Maxine Waters' time. With Democrats taking control of the House of Representatives, the California Democrat ...

Advance pay service may reduce use of payday loans

NEW YORK (AP) — Americans take out roughly $50 billion in payday loans a year, each racking up hundreds of dollars in fees and interest. But a small and growing service that allows its users to take a...

American Express profits jump 22 percent, beating forecasts

NEW YORK (AP) — American Express said its third quarter profits jumped by 22 percent from a year earlier, as the credit card giant benefited from a lower tax rate and increased spending on the company...

CFPB investigates controversial writings of Trump appointee

NEW YORK (AP) — The nation's financial watchdog has opened a formal investigation into writings and comments by Eric Blankenstein, a Republican appointee overseeing the agency's anti-discrimination ef...

Goldman Sachs, Morgan Stanley both report strong 3Q profits

NEW YORK (AP) — The leading U.S. investment banks — Goldman Sachs and Morgan Stanley — each reported third quarter profits that beat analysts' expectations Tuesday, helped by strong performance in the...

On the Money: AmEx Gold Card gets bigger perks, higher fee

NEW YORK (AP) — The middle child of American Express' suite of charge cards, the Gold Card, is getting a major upgrade this fall, but its bigger perks are going to come with a higher fee. ...

Teachers union sues student loan servicer Navient

NEW YORK (AP) — The American Federation of Teachers filed a lawsuit Wednesday against Navient, one of the country's largest student loan servicing companies, alleging that it failed to guide eligible ...

Jamie Dimon says he could beat Trump, walks back comment

NEW YORK (AP) — The nation's most powerful banker, JPMorgan Chase Chief Executive Jamie Dimon, is saying he would be able to beat President Donald Trump in an election, but also says he isn't running ...

US government advocate for student loan borrowers resigns

NEW YORK (AP) — The nation's roughly 44 million student loan borrowers have lost their advocate inside in the U.S. government. Seth Frotman, the government's top official overseeing ...

APNewsBreak: Nation's top student loan official resigns

NEW YORK (AP) — The top government official overseeing the $1.5 trillion student loan market resigned Monday, citing what he says is the White House's open hostility toward protecting nation's million...

US banks made more than $60 billion in profits last quarter

NEW YORK (AP) — Federal regulators are saying that U.S. banks set a record by making more than $60 billion in profits in the second quarter, up more than 25 percent from a year earlier. ...

Trump's pick to run consumer watchdog faces skeptical Senate

WASHINGTON (AP) — Kathy Kraninger, President Donald Trump's nominee to take over the nation's watchdog for banks, credit cards and payday lenders is facing the Senate Banking Committee on Thursday, wh...

AmEx 2Q profits rise, but there are worry spots on lending

NEW YORK (AP) — American Express says its second-quarter profit rose 21 percent from a year ago, as the credit card giant saw more customers spending on its namesake cards and a much lower tax rate. ...

Morgan Stanley 2Q profits jump 39 percent, helped by trading

NEW YORK (AP) — Investment bank Morgan Stanley said its second-quarter profits rose by 39 percent from a year ago, driven by another strong performance in trading and investment banking, as well as a ...

Goldman's Blankfein to retire as CEO, Solomon to take over

NEW YORK (AP) — Lloyd Blankfein, Goldman Sachs' chief executive officer and chairman, is announcing his retirement from the investment banking giant after 12 years at the helm. Goldm...