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The CFPB took action Wednesday against online payment platform Dwolla for allegedly deceiving consumers about its data security practices and the safety of its online payment system. Dwolla must pay a $100,000 penalty and fix its security practices.
March 2 -
Planet Payment and Visa have formed an agreement to deliver a payment processing platform to acquirers and merchants worldwide.
March 2 -
Ocwen Financial in West Palm Beach, Fla., is the target of a second Securities and Exchange Commission investigation into its mortgage servicing practices.
March 2 -
Samsung Pay now supports cards issued by Wells Fargo, giving it compatibility with 70% of the U.S. credit and debit card market.
March 2 -
Mergers of equals are hard to complete due to cultural issues, but a spike in consolidation paired with weary leaders and a lack of young talent could make such combinations more appealing.
March 2 -
The Consumer Financial Protection Bureau announced Wednesday an application process for requests that areas not currently deemed rural receive that designation under federal consumer financial law.
March 2 -
Senate Banking Committee Chairman Richard Shelby's easy victory in his primary battle in Alabama is fueling hopes he may soon move forward on a number of key financial nominations.
March 2 -
NCUA Board Member McWatters nomination to Export-Import Bank must go through Senate Banking Committee, which the senator chairs.
March 2 -
As in-person transactions continue to decline, bankers should focus on engaging with customers in settings outside the physical branch.
March 2
- PSO content
Alibaba Group Holding Ltd.'s financial affiliate is in talks to invest in Chinese business magazine publisher Caixin Media Co. as billionaire founder Jack Ma expands his media interests, according to two people familiar with the matter.
March 2

