The Latest

LifeLock Inc. agreed Thursday to pay $100 million to settle FTC charges that it failed to properly protect its customers’ data and misrepresented the strength of its security. It's the largest order enforcement case to date to come out of the FTC.

Citigroup has appointed Ellen Costello, former BMO Financial chief executive, and Intel President Renee James to its board.

The Consumer Financial Protection Bureau's payday loan proposal threatens many money services businesses on the front lines of stopping money-laundering and terrorist financing.

E-commerce and mobile fraud detection and prevention provider Kount Inc. has received an $80 million growth equity investment from CVC Capital Partners.

Green Dot is giving its chief financial officer job to Mark Shifke, who has been the firm's acting CFO for the last seven months.

Merchants using Mangopay to sell through online marketplaces will have an option to set up and accept recurring payments through GoCardless' direct debit network.

Litigation citing violations of the Fair Debt Collection Practices Act, Telephone Consumer Protection Act and Fair Credit Reporting Act dropped in November compared to October but remain significantly higher year-to-date.

TowneBank in Suffolk, Va., has agreed to buy Monarch Financial Holdings in Chesapeake, Va., for $220.6 million in stock.

EZCORP Inc. has responded to the $10.5 million settlement with the Consumer Financial Protection Bureau related to its payday lending and installment lending practices.

Now is not the time for the Federal Housing Administration — which has stayed strong amid turmoil — to reduce its market share.