Interest Rates

Citi Says Issues Arise With Credit Card Interest Rate Calculations

Citi Says Issues Arise With Credit Card Interest Rate Calculations
Citi Says Issues Arise With Credit Card Interest Rate Calculations
February 23, 2018  |  Payment Methods

Citigroup disclosed in a filing with the Securities and Exchange Commission (SEC) on Friday (Feb. 23) that it uncovered “methodological issues” with how it calculates...

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Premiums Paid On Packaged Loans Touch Financial Crisis Lows
Premiums Paid On Packaged Loans Touch Financial Crisis Lows
February 14, 2018  |  Loans

Despite a return of volatility to the stock market, the premium that investors want on loans that are packaged and offered as bonds has hit...

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China Clamps Down On Online Micro-Lenders
China Clamps Down On Online Micro-Lenders
December 01, 2017  |  Loans

The Chinese government’s financial regulators have distributed new rules to local governments, targeting the fast-growing online micro-lending industry. Get the Full Story Complete the form...

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Stock Market Takes To Banks, Retreats From Tech
Stock Market Takes To Banks, Retreats From Tech
November 30, 2017  |  Fintech Investments

Merely a rotation – or something more? Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

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BOA Pays $66.6M To Settle Overdraft Fees Lawsuit
BOA Pays $66.6M To Settle Overdraft Fees Lawsuit
November 03, 2017  |  Legal & Regulation

Bank of America has reached a settlement in a lawsuit over extended overdraft fees, agreeing to pay consumers $66.6 million. Get the Full Story Complete...

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Corporate Bond Sales Speed Past $1 Trillion
Corporate Bond Sales Speed Past $1 Trillion
September 11, 2017  |  B2B Payments

Corporate treasuries are continuing to take advantage of low interest rates, leading to a surge in sales of high-grade U.S. corporate bonds, according to reports in...

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Consumer Spending For July Slightly Under Expectations
Consumer Spending For July Slightly Under Expectations
September 01, 2017  |  Consumer Finance

The Commerce Department said consumer spending in the U.S. saw a uptick that was slightly under what was expected in July, while the annual rate...

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Fed Holds Line on Rate Hikes, But Concerns Linger
Fed Holds Line on Rate Hikes, But Concerns Linger
August 02, 2017  |  Economy

Last Wednesday, at its most recent meeting, the Federal Reserve held back on raising interest rates.  The move, or in this case, non-move, had been...

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