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WASHINGTON — The Education Department's plan to tighten restrictions on deals between banks and universities sparked a fierce debate Friday over whether such rules are long overdue or a significant overreach.

Interactive Intelligence Group Inc., a global provider of collaboration, communications and customer engagement software and cloud services, has released Interaction Collector for Student Loans.

First Foundation in Irvine, Calif., has launched a division to offer property and casualty insurance brokerage services.

MasterCard Inc. is poised to receive an antitrust complaint from European Union watchdogs probing card-payment fees, according to three people with knowledge of the case.

JPMorgan Chase CEO Jamie Dimon defended his institution by arguing that size isn't necessarily an indicator of risk. But the truth is that the larger an organization gets, the more complex it becomes-and the more difficult it is for leaders to keep everything from customer service to fraud prevention working the way it should.

Seacoast Banking Corp. of Florida in Stuart has acquired First Growth Capital, a firm that handles receivables funding.

European private equity firm Permira has agreed to buy German debt collection agency GFKL from Advent, the companies said Monday.

Big Banks Step Up Small-Business Loans; Why 'Say on Pay' Fizzles

Debt buyer PRA Group announced Monday it will expand into the German debt purchase market.

The multi-account card world is getting crowded, especially for a product segment that is viewed as a bridge between plastic and mobile, meaning any entrant to this market has a very short window of opportunity.