CREDIT - The Salt Lake Tribune http://www.sltrib.com/feeds/topics/CREDIT News from The Salt Lake Tribune en-us webmaster@sltrib.com (Webmaster) Discover Financial’s quarterly profit jumps 7 percent http://www.sltrib.com/sltrib/money/58212493-79/percent-discover-card-loans.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58212493-79/percent-discover-card-loans.html.csp">Discover Financial’s quarterly profit jumps 7 percent</a></h4> <span class="author source-org vcard"><span class="org fn">The Associated Press</span></span> <h5><span class="updated" title="2014-07-22T18:44:02.565-06:00">Updated Jul 22, 2014 06:44PM MDT</span></h5> <div class ="entry-content">Los Angles • Discover Financial Services’ net income grew 7 percent in the second quarter as credit card spending and overall loans increased from a year ago. The results beat Wall Street’s expectations. The credit card issuer and lender said Tuesday that card loans and sales volume for the company’s namesake card both climbed 6 percent, reflecting increased spending by its cardholders. More of those cardholders also elected to carry balances rather than pay them off, helping drive interest reve...</div> <h5><a rel="item-license" href="#license-582124932014-07-22T18:44:02.565-06:00" id="#license-2014-07-22T18:44:02.565-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58212493@www.sltrib.com Tue, 22 Jul 2014 18:44:02 MDT Goodwill, feds investigate possible data breach http://www.sltrib.com/sltrib/money/58211075-79/goodwill-breach-card-credit.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58211075-79/goodwill-breach-card-credit.html.csp">Goodwill, feds investigate possible data breach</a></h4> <span class="author vcard"><span class="fn">The Associated Press</span></span> <h5><span class="updated" title="2014-07-22T11:35:01.778-06:00">Updated Jul 22, 2014 11:35AM MDT</span></h5> <div class ="entry-content">New York • Nonprofit organization Goodwill Industries Inc. is working with federal officials to investigate a possible security breach. The Rockville, Md.-based organization said late Monday it was contacted Friday by a payment card industry fraud investigative unit and federal authorities who said payment card numbers may have been stolen from some U.S. stores. Goodwill said it is working with credit card makers, the Secret Service and fraud investigators to figure out if a breach occurred, but...</div> <h5><a rel="item-license" href="#license-582110752014-07-22T11:35:01.778-06:00" id="#license-2014-07-22T11:35:01.778-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58211075@www.sltrib.com Tue, 22 Jul 2014 11:35:01 MDT Credit Suisse posts steep loss after U.S. tax case http://www.sltrib.com/sltrib/money/58210644-79/bank-billion-tax-credit.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58210644-79/bank-billion-tax-credit.html.csp">Credit Suisse posts steep loss after U.S. tax case</a></h4> <span class="author source-org vcard"><span class="org fn">The Associated Press</span></span> <h5><span class="updated" title="2014-07-22T09:35:01.994-06:00">Updated Jul 22, 2014 09:35AM MDT</span></h5> <div class ="entry-content">Geneva • Credit Suisse, Switzerland’s second-biggest bank, posted a second-quarter net loss of $779 million Tuesday after paying the largest penalty ever imposed in a U.S. criminal tax case. The steep loss contrasted sharply with the profit of $1.16 billion it posted in the April-June period a year ago. It resulted in what the bank called a final settlement of the U.S. government’s case against the bank for helping wealthy Americans avoid paying taxes through secret offshore accounts. The Zurich...</div> <h5><a rel="item-license" href="#license-582106442014-07-22T09:35:01.994-06:00" id="#license-2014-07-22T09:35:01.994-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58210644@www.sltrib.com Tue, 22 Jul 2014 09:35:01 MDT Carbon County sheriff no longer lives there, may be fired http://www.sltrib.com/sltrib/news/58191045-78/county-cordova-carbon-sheriff.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/news/58191045-78/county-cordova-carbon-sheriff.html.csp">Carbon County sheriff no longer lives there, may be fired</a></h4> <span class="author vcard"><span class="fn">By Michael McFall</span></span> <span class="source-org vcard"><span class="org fn"> The Salt Lake Tribune</span></span> <h5><span class="updated" title="2014-07-16T21:42:39.085-06:00">Updated Jul 16, 2014 09:42PM MDT</span></h5> <div class ="entry-content">Carbon County may be without a sheriff soon. County leaders suspect that Sheriff James Cordova no longer lives there and has moved to his new house in St. George, which would breach the requirement that elected officials live in their jurisdictions and would negate his right to hold the office. “It just looks like he’s not here,” Commissioner Jae Potter said Wednesday. Cordova will have a chance to defend himself at a meeting at 4:30 p.m. Wednesday. If ousted, the Carbon County Democratic Party...</div> <h5><a rel="item-license" href="http://www.sltrib.com/pages/privacy"> Copyright 2013 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58191045@www.sltrib.com Wed, 16 Jul 2014 21:42:39 MDT Visa launches new service for online payments http://www.sltrib.com/sltrib/money/58190986-79/visa-service-checkout-cards.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58190986-79/visa-service-checkout-cards.html.csp">Visa launches new service for online payments</a></h4> <span class="author vcard"><span class="fn">By MAE ANDERSON</span></span> <span class="source-org vcard"><span class="org fn"> The Associated Press</span></span> <h5><span class="updated" title="2014-07-16T13:13:02.391-06:00">Updated Jul 16, 2014 01:13PM MDT</span></h5> <div class ="entry-content">New York • Payment processor Visa is launching a new service called Visa Checkout that eliminates a few steps in online payment. The company and its retailing partners, including Neiman Marcus, Pizza Hut, Staples and others, hope a quicker payout will lead to fewer abandoned shopping carts online. As more customers shop on smaller screens like smartphones and tablets, the hassle of entering in credit card numbers and billing addresses is becoming a sticking point and payment processors have been...</div> <h5><a rel="item-license" href="#license-581909862014-07-16T13:13:02.391-06:00" id="#license-2014-07-16T13:13:02.391-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58190986@www.sltrib.com Wed, 16 Jul 2014 13:13:02 MDT U.S. consumer borrowing rises slower in May http://www.sltrib.com/sltrib/money/58161836-79/debt-borrowing-consumer-credit.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58161836-79/debt-borrowing-consumer-credit.html.csp">U.S. consumer borrowing rises slower in May</a></h4> <span class="author vcard"><span class="fn">By JOSH BOAK</span></span> <span class="source-org vcard"><span class="org fn"> The Associated Press</span></span> <h5><span class="updated" title="2014-07-08T13:57:02.01-06:00">Updated Jul 8, 2014 01:57PM MDT</span></h5> <div class ="entry-content">Washington • Consumers increased their borrowing at a slower pace in May compared to the prior month. Overall credit rose by $19.6 billion in May, down from a gain of $26.1 billion in April, the Federal Reserve said Tuesday. The relatively modest increase should help to feed slow but steady economic growth, because consumers rely on debt to pay tuition, buy cars and shop. Total outstanding consumer debt is now approaching $3.2 trillion. Auto and student loans drove much of the gains in May. They...</div> <h5><a rel="item-license" href="#license-581618362014-07-08T13:57:02.01-06:00" id="#license-2014-07-08T13:57:02.01-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58161836@www.sltrib.com Tue, 08 Jul 2014 13:57:02 MDT American Apparel confirms default notice http://www.sltrib.com/sltrib/money/58161162-79/american-apparel-lion-capital.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58161162-79/american-apparel-lion-capital.html.csp">American Apparel confirms default notice</a></h4> <span class="author source-org vcard"><span class="org fn">The Associated Press</span></span> <h5><span class="updated" title="2014-07-08T10:57:01.772-06:00">Updated Jul 8, 2014 10:57AM MDT</span></h5> <div class ="entry-content">New York • American Apparel Inc. says it has received a notice from investment firm Lion Capital demanding payment of a $9.9 million loan, according to a regulatory filing Tuesday. Lion Capital is claiming that Los Angeles-based casual clothing chain defaulted under its credit agreement since it ousted its founder and CEO Dov Charney last month. American Apparel says in the documents that it is disputing the claim, contesting the validity of the acceleration and has advised Lion that a default c...</div> <h5><a rel="item-license" href="#license-581611622014-07-08T10:57:01.772-06:00" id="#license-2014-07-08T10:57:01.772-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58161162@www.sltrib.com Tue, 08 Jul 2014 10:57:01 MDT Tiny Turks and Caicos gets its first credit rating http://www.sltrib.com/sltrib/money/58139641-79/credit-rating-caicos-turks.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58139641-79/credit-rating-caicos-turks.html.csp">Tiny Turks and Caicos gets its first credit rating</a></h4> <span class="author source-org vcard"><span class="org fn">The Associated Press</span></span> <h5><span class="updated" title="2014-07-01T18:06:02.189-06:00">Updated Jul 1, 2014 06:06PM MDT</span></h5> <div class ="entry-content">Miami • The Turks and Caicos Islands received its first sovereign credit rating Tuesday in what officials portrayed as a milestone for a British territory that only recently emerged from direct rule imposed amid a corruption scandal. Credit ratings agency Standard & Poor’s assigned a rating of “BBB+” and said the outlook is stable for the small chain of islands southeast of the Bahamas that is best known as a high-end tourism destination. S&P said in a report that the gross domestic product is e...</div> <h5><a rel="item-license" href="#license-581396412014-07-01T18:06:02.189-06:00" id="#license-2014-07-01T18:06:02.189-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58139641@www.sltrib.com Tue, 01 Jul 2014 18:06:02 MDT Salt Lake cops nab robbery suspect, credit alert citizen http://www.sltrib.com/sltrib/news/58122894-78/robbery-suspect-lake-salt.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/news/58122894-78/robbery-suspect-lake-salt.html.csp">Salt Lake cops nab robbery suspect, credit alert citizen</a></h4> <span class="author vcard"><span class="fn">By Bob Mims</span></span> <span class="source-org vcard"><span class="org fn"> The Salt Lake Tribune</span></span> <h5><span class="updated" title="2014-06-27T12:28:54.38-06:00">Updated Jun 27, 2014 12:28PM MDT</span></h5> <div class ="entry-content">Salt Lake City police credit an alert neighbor’s report of a suspicious vehicle for their arrest of an armed robbery suspect. The 911 call came in about 6 p.m. Thursday from the area of 300 South and 700 East. Officers arrived and upon contacting the driver learned he was the suspect sought in a June 21 holdup outside the Java Jive Coffee House at 401 E. First Avenue. The 24-year-old Minnesota man was taken into custody and booked into Salt Lake County Jail. He was being held Friday in lieu of m...</div> <h5><a rel="item-license" href="http://www.sltrib.com/pages/privacy"> Copyright 2013 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58122894@www.sltrib.com Fri, 27 Jun 2014 12:28:54 MDT Julie Jason: Student-loan debt is a trillion-dollar problem http://www.sltrib.com/sltrib/money/58084323-79/debt-student-borrowers-loan.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58084323-79/debt-student-borrowers-loan.html.csp">Julie Jason: Student-loan debt is a trillion-dollar problem</a></h4> <span class="author vcard"><span class="fn">By JULIE JASON</span></span> <span class="author vcard"><span class="fn"> King Features Syndicate</span></span> <h5><span class="updated" title="2014-06-20T15:38:03.721-06:00">Updated Jun 20, 2014 03:38PM MDT</span></h5> <div class ="entry-content">The size, scope and growth of student-loan debt is a big deal: Student-loan debt is the highest form of household debt after mortgages, according to a recent report issued by the White House, “Taking Action: Higher Education and Student Debt.” More than 42 million people have student loans, a total of more than $1 trillion of outstanding debt. About a decade ago, the total stood at $250 billion (2003). The cause? An increase in enrollment and in tuition, according to the report. During the pas...</div> <h5><a rel="item-license" href="http://www.sltrib.com/pages/privacy"> Copyright 2013 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58084323@www.sltrib.com Fri, 20 Jun 2014 15:38:03 MDT U.S. settles credit discrimination suit against bank http://www.sltrib.com/sltrib/money/58090256-79/bank-credit-million-169.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58090256-79/bank-credit-million-169.html.csp">U.S. settles credit discrimination suit against bank</a></h4> <span class="author source-org vcard"><span class="org fn">The Associated Press</span></span> <h5><span class="updated" title="2014-06-19T14:27:01.855-06:00">Updated Jun 19, 2014 02:27PM MDT</span></h5> <div class ="entry-content">Washington • GE Capital Retail Bank has agreed to pay $169 million to settle a lawsuit accusing it of discriminating against Hispanic credit card customers, the Justice Department said Thursday. The Justice Department on Thursday called it the largest government credit-card discrimination settlement ever. The department joined the Consumer Financial Protection Bureau in announcing the agreement. In addition, GE Capital must refund $56 million to about 638,000 consumers who were subjected to dece...</div> <h5><a rel="item-license" href="#license-580902562014-06-19T14:27:01.855-06:00" id="#license-2014-06-19T14:27:01.855-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58090256@www.sltrib.com Thu, 19 Jun 2014 14:27:01 MDT Mississippi sues Experian, alleging data errors http://www.sltrib.com/sltrib/money/58073742-79/credit-experian-mississippi-consumer.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58073742-79/credit-experian-mississippi-consumer.html.csp">Mississippi sues Experian, alleging data errors</a></h4> <span class="author vcard"><span class="fn">By JEFF HORWITZ</span></span> <span class="source-org vcard"><span class="org fn"> The Associated Press</span></span> <h5><span class="updated" title="2014-06-16T08:48:01.698-06:00">Updated Jun 16, 2014 08:48AM MDT</span></h5> <div class ="entry-content">Washington • Mississippi has sued credit reporting giant Experian, alleging sweeping errors in the company’s data and routine violations of consumer protection laws. Mississippi’s action — and a previously unreported multi-state investigation of credit bureaus led by Ohio — represent a significant new legal challenge to the industry. Mississippi Attorney General Jim Hood’s complaint against Experian Information Solutions was filed without fanfare last month in a Biloxi state courthouse and trans...</div> <h5><a rel="item-license" href="#license-580737422014-06-16T08:48:01.698-06:00" id="#license-2014-06-16T08:48:01.698-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58073742@www.sltrib.com Mon, 16 Jun 2014 08:48:01 MDT Julie Jason: Public now has access to dark-pool data http://www.sltrib.com/sltrib/money/58057500-79/dark-data-trades-finra.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58057500-79/dark-data-trades-finra.html.csp">Julie Jason: Public now has access to dark-pool data</a></h4> <span class="author vcard"><span class="fn">By Julie Jason</span></span> <span class="author vcard"><span class="fn"> King Features Syndicate</span></span> <h5><span class="updated" title="2014-06-13T15:44:01.806-06:00">Updated Jun 13, 2014 03:44PM MDT</span></h5> <div class ="entry-content">Last week, for the first time ever, regulators have made dark-pool data available to the public. Dark pools execute trades off exchanges. The move to provide trading data to investors is spurred by regulators’ recognizing that transparency is essential in promoting investor confidence in the financial markets. The data are made available by the Financial Industry Regulatory Authority (FINRA), which now provides free access to weekly aggregated trade data at https://ats.finra.org/. Called...</div> <h5><a rel="item-license" href="http://www.sltrib.com/pages/privacy"> Copyright 2013 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58057500@www.sltrib.com Fri, 13 Jun 2014 15:44:01 MDT Washington Post: Best-case budgeting http://www.sltrib.com/sltrib/opinion/58026952-82/credit-government-loans-programs.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/opinion/58026952-82/credit-government-loans-programs.html.csp">Washington Post: Best-case budgeting</a></h4>