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Prosper Marketplace, one of the nation’s largest marketplace lenders, has agreed to purchase the consumer finance app maker BillGuard.

The man allegedly used his Baton Rouge, La.-based credit repair company to dupe his victims.

The fingerprint records of about 5.6 million current and former federal workers, contractors and job applicants were stolen in the breach of the U.S. Office of Personnel Management’s computer system, up from an initial estimate of 1.1 million, the agency said Wednesday.

A task force convened by the Federal Reserve has made substantial progress in its first few months, but the path to real-time payment in the U.S. is still littered with challenges.

American banks long ago deserted their most impoverished communities. Today, post offices are uniquely well positioned to serve the underbanked population — and perhaps reinvigorate a culture of saving in the process.

The marketplace lender is paying $30 million in cash plus an undisclosed amount of stock. It plans to use BillGuard’s apps, which come with detailed information about their users’ financial habits, to attract new borrowers.

Problems for Student-Loan Pools; Energy Lenders Squeezed

The National Federation of Community Development Credit Unions, announced Bank of America has made a $10 million investment in the Federation's Community Development Investment Program.

Small merchants may not have a full grasp of EMV chip card acceptance at the point of sale as the Oct. 1 liability shift nears in the U.S., but e-commerce merchants are building layers of defense for the expected spike in online fraud.

The National Association of Convenience Stores’ latest column on debit-card interchange fees is the most recent in the organization’s years-long effort to obtain government-mandated price controls. But such controls would only increase large retailers’ profits.