Consumer banking

FILE - In this Friday, May 7, 2021 file photo, University of Texas Rio Grande Valley graduates sit social distanced in the early morning sunrise during their commencement ceremony in Edinburg, Texas. U.S. consumer borrowing rose by $18.6 billion in April 2021, fueled by a big rise in auto and student loans that offset a drop in credit card use. (Delcia Lopez/The Monitor via AP)/The Monitor via AP)

Auto, student loans fuel April rise in US consumer borrowing

By Martin Crutsinger Jun. 07, 2021 04:21 PM EDT

A Visa sign is displayed on the front door of a local business, Tuesday, April 27, 2021, in Urbandale, Iowa. Visa Inc.'s fiscal second-quarter profits fell 2% from a year earlier, as the company dealt with a slowdown across its payment network due to the global pandemic. The payment processing giant said Tuesday, April 27, 2021 that it earned $3.03 billion in its second quarter ended March 31, or $1.38 a share, down from $3.08 billion in the same period a year ago. Due to Visa buying back its own stock, the company's earnings per share last year was also $1.38. (AP Photo/Charlie Neibergall)

Visa 2Q profits fall 2%, as economic slowdown hits payments

By Ken Sweet Apr. 27, 2021 04:50 PM EDT

FILE - This Aug. 11, 2019 file photo shows an American Express card in New Orleans. American Express saw its first quarter profits rise sharply, the company said Friday, April 23, 2021, but the company saw a significant drop in revenue as fewer customers used their credit cards and those with balances paid down debt. (AP Photo/Jenny Kane, File)

AmEx sees drop in revenue as pandemic slows travel, dining

By Ken Sweet Apr. 23, 2021 08:12 AM EDT

A Citibank office is open, Wednesday, Jan. 13, 2021 in New York. The nation’s largest banks are expected to report big profits for the first quarter, Tuesday, April 13, amid renewed confidence that pandemic-battered consumers and businesses can repay their debts and start borrowing again (AP Photo/Mark Lennihan)

Citigroup profit triples in 1Q, tops estimates; revenue down

By Ken Sweet Apr. 15, 2021 09:10 AM EDT

Wells Fargo earned $4.74 billion in Q1, topping estimates

By Matt Ott Apr. 14, 2021 08:46 AM EDT
SILVER SPRING, Md. (AP) — Wells Fargo had its best quarter in a year and a half, posting a profit of $4.74 billion and freeing up more than a billion dollars...

A Chase Bank is seen, Wednesday, Feb. 3, 2021, in Woburn, Mass. The nation’s largest banks are expected to report big profits for the first quarter, Tuesday, April 13, amid renewed confidence that pandemic-battered consumers and businesses can repay their debts and start borrowing again. (AP Photo/Elise Amendola)

JPMorgan 1Q profit up sharply, helped by improving economy

By Ken Sweet Apr. 14, 2021 07:30 AM EDT

Millennial Money: How my travel credit card saved me $1,388

By Melissa Lambarena Of Nerdwallet Apr. 13, 2021 06:46 AM EDT

Startup cards can help build credit even in tough times

By Melissa Lambarena Of Nerdwallet Apr. 07, 2021 11:00 AM EDT
While major credit card issuers tightened lending standards and slashed credit limits amid COVID-19, some financial technology startups took a different tack. ...

FILE - This undated file photo provided by NerdWallet shows Liz Weston, a columnist for personal finance website NerdWallet.com. (NerdWallet via AP, File)

Liz Weston: How to prioritize debt payments in the pandemic

By Liz Weston Of Nerdwallet Feb. 01, 2021 07:00 AM EST

FILE - This Aug. 11, 2019 file photo shows an American Express card in New Orleans. American Express Co. says its fourth-quarter net income fell 15% to $1.44 billion as the coronavirus pandemic continued to impact its bottom line. On a per-share basis, the New York-based company said Tuesday, Jan. 26, 2021, that it had net income of $1.76, down from $2.03 per share a year earlier. (AP Photo/Jenny Kane, File)

American Express 4Q profit fell 15% on virus impact

By Ken Sweet Jan. 26, 2021 07:28 AM EST

A Wells Fargo office is shown, Wednesday, Jan. 13, 2021 in New York. Wells Fargo & Co. says its profit rose 4% to $2.99 billion in the fourth quarter of 2020. The bank, based in San Francisco, said Friday that it had earnings of 64 cents per share, compared with earnings of 60 cents a year earlier. (AP Photo/Mark Lennihan)

Wells Fargo 4Q profit rose 4%, tops Street estimates

By Matt Ott Jan. 15, 2021 08:52 AM EST

FILE - A for sale sign stands in front of a house, Tuesday, Oct. 6, 2020, in Westwood, Mass. The long period of ultra-low rates on home loans may be over. Long-term bond yields, which can influence interest rates on mortgages, have climbed this month amid expectations of ramped-up U.S. government stimulus spending, economic growth and higher inflation. (AP Photo/Steven Senne, File)

Mortgage rates poised to rise as U.S. Treasury yields surge

By Alex Veiga Jan. 14, 2021 09:10 AM EST

FILE - This Aug. 11, 2019 file photo shows Visa credit cards in New Orleans. As you set your financial resolutions for 2021, make sure your credit cards align with your goals. Reviewing your card benefits may reveal opportunities to squeeze out more value. (AP Photo/Jenny Kane, File)

7 credit card perks to prioritize in 2021

By Melissa Lambarena Of Nerdwallet Jan. 12, 2021 06:59 AM EST

An "I'm Taken" placard rests on a real estate for sale sign outside a home, Thursday, Dec. 10, 2020, in Manchester, N.H. U.S. long-term mortgage rates declined this week to record low levels for the 15th time this year against the backdrop of an economy ravaged by the pandemic. Mortgage finance giant Freddie Mac said Thursday, Dec. 17, 2020, that the average rate on the 30-year fixed-rate home loan fell to 2.67% from 2.71% last week. A year ago, the benchmark rate stood at 3.73%. (AP Photo/Charles Krupa)

US long-term mortgage rates fall; 30-year at 2.67%

Dec. 17, 2020 01:39 PM EST

Server Amber Beecher, left, talks with a customer at Rodd's Restaurant, Thursday, Dec. 10, 2020, in Bristol, Conn. Small restaurant owners in Connecticut are taking out loans, forgoing their paychecks and charging on credit cards to remain in business as the coronavirus pandemic continues. But with winter putting an end to indoor dining and increased cases scaring off customers, some are uncertain what other financial tricks they can turn to. (AP Photo/Jessica Hill)

Restaurant owners consider loans, house sales to keep afloat

By Susan Haigh Dec. 13, 2020 08:18 AM EST

FILE - This Sept. 19, 2011, file photo shows a home with a for sale sign in front, in Newton, Mass. U.S. long-term mortgage rates were unchanged this week, remaining at record low levels against the backdrop of an economy punished by the pandemic. Mortgage finance giant Freddie Mac said Thursday, Dec. 10, 2020 that the average rate on the 30-year fixed-rate home loan remained at 2.71% from last week. By contrast, the benchmark rate stood at 3.73% a year ago.. (AP Photo/Steven Senne, File)

US long-term mortgage rates flat; 30-year at 2.71%

Dec. 10, 2020 07:52 PM EST

A long row of unsold 2020 Stelvio sports-utility vehicles sits at an Alfa Romeo dealership, Sunday, July 19, 2020, in Highlands Ranch, Colo. U.S. consumers took out more auto and student loans in October 2020, but cut back on credit card borrowing, a sign that they remain cautious about spending amid a spike in coronavirus cases. (AP Photo/David Zalubowski)

US credit card balances fall, though overall borrowing rises

By Christopher Rugaber Dec. 07, 2020 03:47 PM EST

FILE - This Aug. 11, 2019 file photo shows Visa credit cards in New Orleans. The coronavirus pandemic hasn’t stopped Americans from keeping up with their credit card payments, thanks in large part to government relief programs passed by Congress earlier this year. For some, however, the ability to keep buying things with plastic and then pay the bill likely depends on whether current negotiations in Washington produce another round of economic aid. (AP Photo/Jenny Kane, File)

Americans can pay their credit card bills, but for how long?

By Ken Sweet Dec. 07, 2020 07:06 AM EST

A for sale sign stands in front of a house, Tuesday, Oct. 6, 2020, in Westwood, Mass. U.S. long-term mortgage rates edged lower this week, reaching record lows for the 14th time this year against the backdrop of the pandemic-ravaged economy. Mortgage finance giant Freddie Mac says on Thursday, Dec. 3, the average rate on the 30-year fixed-rate home loan slipped to 2.71% from 2.72% last week. (AP Photo/Steven Senne)

US long-term mortgage rates edge lower; 30-year at 2.71%

Dec. 03, 2020 12:14 PM EST

Editorial Roundup: New York

By The Associated Press Dec. 02, 2020 11:06 PM EST
Recent editorials of statewide and national interest from New York’s newspapers: Visa Is Doing What Big American Companies Do to ‘Protect...