Wells Fargo Bank agreed to pay $4 million to resolve allegations by the Consumer Financial Protection Bureau that it used illegal payment-processing practices resulting in higher costs for some borrowers.
Two of the metro area’s oldest credit unions — Denver Community Credit Union and Sooper Credit Union in Arvada — are merging, creating a financial institution with more than $620 million in assets, the two announced Tuesday.
Colorado is expected to receive over $4 million in a settlement with Barclays Bank PLC and Barclays Capital Inc., according to the Colorado Attorney General’s Office.
Payday loans can leave borrowers in a cycle of debt, but even consumer advocates who loathe the industry admit it fulfills a need.
The combined company, IHS Markit Ltd., expects trading of common shares under the new symbol to begin July 13 on the condition that IHS and Markit complete the merger July 12.
Capital One has picked The Triangle Building for the first Denver location of its new banking concept, Capital One Café, developer East West Partners announced Monday.
The program taught kids about money in the modern age and promises scholarships to students who participate for several semesters.
The Supreme Court will hear an appeal from Visa and MasterCard seeking to throw out a lawsuit accusing the credit card companies of illegally fixing ATM prices.
Kroger Co. filed a lawsuit against Visa Inc., saying the payments network has threatened to raise fees and cut off the grocer’s acceptance of debit cards due to a dispute about the use of personal identification numbers to verify debit-card transactions.
U.S. stocks indexes headed sharply lower in afternoon trading Monday as investors grappled with the fallout of Britain’s vote to leave the European Union.
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