Fintech

WASHINGTON–Consumer advocates on March 14 called for tighter regulation of the rapidly growing market for prepaid cards, arguing during a Senate hearing that too often the cards come with hard-to-understand fees that hurt their predominantly poor users.

With new funding from an equity sale, Encash expects to expand its network to cover more areas in the Philippines, the country’s first nonbank ATM deployer announced March 12.

While credit card debt increased slightly in February to $6,105, the number is still down 15% year-over-year, according to CreditKarma.com's U.S. Credit Score Climate Report released Wednesday.

BOCA RATON, FLA.–SunTrust Banks Inc. plans to unveil digital deposit technology by this fall as part of its efforts to upgrade the systems its checking customers use, according to an executive from the financial institution.

Until the mid 1980s, most fraud went undiagnosed or misreported. The debate today seems to be whether the increasing digital landscape ends up increasing or decreasing fraud overall.

RANCHO CUCAMONGA, Calif. -- CO-OP Financial Services unveiled a national consumer advertising campaign this morning called “Credit Unions Do” designed to promote credit union membership

Continuing a payment trend fairly common in European markets, Siemens AG plans to establish a closed-loop prepaid card system for its staff members and guests to use when dining in the entertainment organization’s restaurants in Germany.

The window of opportunity to get away with questionable fees on reloadable prepaid cards may be narrowing.

JPMorgan Chase & Co. took procedural shortcuts and used faulty account records in suing tens of thousands of delinquent credit card borrowers for at least two years, current and former employees say.

BOCA RATON, Fla.–Once called a “smart, biting and unreconstructed libertarian Republican,” William Cooper, TCF Financial chairman and chief executive, actually has a few kind words for the Consumer Financial Protection Bureau.