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Verifone is taking a scalpel to its business after seeing soft results during its second fiscal quarter, enacting a plan to cut 5% of its personnel and look for opportunities to jettison older, underperforming parts of its business.
June 8 -
Debt collectors are facing increasing pressure from the CFPB through aggressive regulation by enforcement. In the past few years, the CFPB has entered into consent orders with debt buyers, banks and other lenders. The orders limit debt sales, increase data requirements and forbid various collection practices.
June 8 -
Aneel Delawalla, managing director at Accenture, offers advice on how bank CFOs can carve out more time for strategic planning, as demands from regulators and investors increase.
June 8
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Fintech firms and banks should collaborate on using alternative data sources to qualify more borrowers for small-dollar loans.
June 8
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The FTC's annual report on enforcement actions involving the Electronic Fund Transfer Act, the Truth in Lending Act and the Consumer Leasing Act highlights seven new or ongoing cases involving EFTA issues in 2015.
June 8 -
Mobile wallet providers and retailers have been hunting for the magic formula to seamlessly blend loyalty and mobile payments, in the hopes that one would inevitably fuel the other. But it's a delicate recipe, and easy to get wrong.
June 8 -
The Federal Reserve Board and Federal Deposit Insurance Corp. on Wednesday gave the four systemically important foreign banks one additional year to file their living wills.
June 8 -
Illinois owes $3 million to the FBI for processing fingerprints and conducting background checks for professional licenses and permits. The debt is old enough that it could be turned over to the federal government's collection agency - the Treasury Department.
June 8 -
Without the Consumer Financial Protection Bureau setting specific debt collection guidelines including what technology agencies can use the industry will continue a practice that harms consumers: lawsuits.
June 8
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