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State regulators and House lawmakers warned the Consumer Financial Protection Bureau not to preempt state laws when the agency issues its proposal to regulate payday-type loans.

WASHINGTON — State regulators and House lawmakers warned the Consumer Financial Protection Bureau not to preempt state laws when the agency issues its proposal to regulate payday-type loans.

Capital Payments LLC, an Independent Sales Organization (ISO), has agreed to settle Federal Trade Commission charges that it allowed a telemarketing scheme called The Tax Club to use merchant accounts to process consumers’ credit card payments.

TransUnion has acquired a 71% ownership interest in CIFIN (Central de Informacion Financiera), one of two primary credit bureaus in Colombia, for approximately $127 million.

By now, many merchants should be wondering if they made the right decision by failing to act before last fall’s EMV liability shift.

Visa and MasterCard have a huge share of the European card markets, but that popularity is attracting increasingly sophisticated online criminals and nimble competitors.

The app ecosystem has enabled payments to blend almost invisibly into the background of many cash-based services, such as ride-sharing and food delivery, but sometimes there is a need to let payments take center stage.

Bank of Missouri knew that using new technology was important in making its business processes more efficient. But its IT team also knew that it had to get buy-in from the employees actually completing the steps as well to see real results.

Bank of Prairie Village in Kansas went through a core conversion last year. Its chairman hopes that his sons, who are set to take over the bank eventually, won't be afraid to embrace new technology since they've experienced the scariest of all bank IT projects.

State regulators and House lawmakers warned the Consumer Financial Protection Bureau not to preempt state laws when the agency issues its proposal to regulate payday-type loans.