Fintech

A Michigan retiree who has filed dozens of lawsuits over ATM fee-disclosure violations during the past three years has joined a new flurry of suits against credit unions and banks just as Congress is taking up a potential solution to the mounting litigation.

About $9.4 million in combined legal and restructuring costs, plus another $3.5 million in stock-based compensation, affected MoneyGram International Inc.’s profitability, as first-quarter earnings dropped 26.4%, to $10.3 million from $14 million a year earlier, the company reported April 26.

WASHINGTON – The Consumer Financial Protection Bureau is seeking input for a study that could pave the way for new limits on consumer arbitration clauses.

This article has been updated from its original version.

More agreements, more products and more locations helped drive double-digit first-quarter revenue and transaction growth across all of Euronet Worldwide Inc.’s operating units, the electronic funds transfer processor reported April 25.

Citizens Financial Corp has agreed to pay $137.5 million to end a class-action lawsuit over its overdraft fees.

In its first steps to introduce retail-finance products, India’s Muthoot Vehicle and Asset Finance Ltd. has signed an agreement with Axis Bank Ltd. to launch Muthoot-branded prepaid cards.

Growth in its North America and Asia-Pacific businesses helped Diebold Inc. to report a sizable increase in first-quarter net income.

Twitter and Facebook audiences are tough nuts to crack, but the toughest of all can be found at www.youtube.com.

ST. PAUL, Minn. – Minnesota Gov. Mark Dayton signed legislation that will allow municipalities and other public entities to deposit funds in federally insured credit unions.