The Latest

The Federal Trade Commission cautioned the collection industry to avoid buying, selling or collecting any alleged payday loan debt portfolios serviced by AMG Services.

As commerce gets increasingly global, the differences in payment security from country to country become more apparent.

There are shortcomings in prevailing chargeback procedures that are costing merchants billions of dollars each year.

An activist investor is laying the groundwork for a potential proxy battle with Seacoast Banking Corp. of Florida in Stuart.

Eduardo Saverin, a co-founder of Facebook, is set to buy the assets of Jumio in bankruptcy proceedings of the startup focused on online identity verification.

Ally Financial in Detroit reached a truce with Lion Point Capital, as it agreed to appoint an independent director in consultation with the activist investor.

The Supreme Court on Monday asked the executive branch for its views on a legal case that has sparked worry within the financial industry. That opinion is expected to have a big impact on whether the justices decide to hear Madden v. Midland Funding.

American Express cut chief executive officer Kenneth Chenault's pay 26 percent to the lowest level since 2008 after the credit-card lender's stock and profit slumped last year.

Fifth Third Bancorp plans to hire about 200 technology professionals this year, amid a focus on mobile and digital banking.

CU Xpress Lease and CUNA Mutual Group will expand their collaboration into major auto leasing markets in Florida, California, New Jersey, New York, and Massachusetts, in an effort to help credit unions, auto dealers and members secure and safeguard more automobile leases.