Merchant

A new Labor Department regulation designed to make more American workers eligible for overtime pay stands to add costs and slow hiring at community banks.

The agency posted its semiannual rulemaking agenda on a blog late Wednesday updating the next steps it will take on several areas of rulemaking. The CFPB expects to issue rules for prepaid reloadable cards, mortgage servicing and mortgage disclosures this summer but set no specific deadlines yet on overdraft and debt collection.

Google is helping developers cut steps out of the path to accepting digital payments with several key moves unveiled around the Google I/O developers conference taking place this week.

Total System Services Inc. has announced an agreement with Featurespace to apply machine-learning technology to fight fraud.

A debate Wednesday at a senate committee hearing discussed the effectiveness of the TCPA and how the the FCC has exposed businesses to litigation risk.

The financial services sector would benefit from companies — banks included — submitting dedicated disclosures on the impact of climate change.

The National Consumer Law Center warned Congress on Wednesday that a change to federal law last year is troublesome because it now allows the government to use robocalls to collect debt.

The Consumer Financial Protection Bureau is expected to unveil its formal proposal to restrict payday lending on June 2, the first national regulations of short-term, small-dollar loans.

Rep. Maxine Waters, the top Democrat on the House Financial Services Committee, introduced legislation Thursday to reform consumer credit reporting.

Despite the confusion surrounding new electronic identity regulations in Europe, there's still plenty to be excited about.