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The Consumer Financial Protection Bureau is set on Thursday to issue a proposal that would ban the use of arbitration clauses that prevent consumers from bringing class action lawsuits.

CFPB Set to End Mandatory Arbitration for Consumers

ACA International, the largest association representing collection agencies, has released a white paper that directly responds to the CFPB's March report that focuses on collection complaints.

The Consumer Financial Protection Bureau is set on Thursday to issue a proposal that would ban the use of arbitration clauses that prevent consumers from bringing class action lawsuits. The proposal on arbitration is a major setback for the financial services industry, which will face potentially higher expenses to defend lawsuits.

Blockchain technology still has not proven itself invaluable to cross border transactions and remittance, but it's turning enough heads that Western Union has begun investing in its possibilities.

A recent spate of cyber-attacks leveraging POS (Point-of-Sale) malware against big retailers is drawing attention to a relatively new malware strain called "multigrain."

Prosper Marketplace's decision to eliminate 22% of its workforce is more evidence that the bloom is off the rose for a sector that had been enjoying astronomical growth.

Despite having fewer prepaid cards in the market, Green Dot delivered a first quarter that exceeded its executives' expectations with $78.3 million in adjusted earnings.

Shares in Bank of the Ozarks slid Wednesday after an investor known for shorting stocks warned about risk in the company's construction portfolio. The stock recovered some by the end of trading, and several analysts said the concerns are unfounded.

Despite having fewer prepaid cards in the market, Green Dot delivered a first quarter that exceeded its executives' expectations with $78.3 million in adjusted earnings.