Merchant

A lawsuit concerning how the court system in Biloxi, Miss. treats poor people who can’t pay fine won’t continue after the city, the American Civil Liberties Union and a private probation service agreed Tuesday to settle the case.

Signs of the subprime mortgage crisis were obvious long before the 2008 meltdown. Some recognized the danger but most dismissed the threats, arguing that a decline in home values would never happen. Other signs of distress went unnoticed or unappreciated.

Many people - across all age groups - lack retirement savings.

Terminal maker Ingenico Group has named Suzan Denoncourt as its managing director for all aspects of operations in Canada.

The Russian cabinet has reportedly approved a bill that would impose restrictions on collection agencies, including banning "psychological pressure" and the disclosure of debtors' personal information to a third party.

Merchants that postponed their EMV migration are feeling the sting of losses connected to the EMV liability shift. They are now shoring up their fraud defenses and—in some cases—speeding up their EMV-migration plans.

NFC mobile payments continue to grab headlines, but to really drive uptake and ensure full market coverage, combining contactless cards with next-gen mobile banking apps is surely the right way to go for new banks.

The CFPB wants a federal district court to enter a final judgment to shut down a student debt relief scheme that allegedly charged borrowers millions of dollars in illegal upfront fees for federal student loan services.

The Education Department could ban colleges from including mandatory arbitration clauses in student enrollment agreements. The proposal is part of ongoing rule-making talks focused on creating a new debt relief process for defrauded student loan borrowers.

The last individual defendant in a mortgage modification scam is banned from selling debt relief and mortgage-related products and services and from telemarketing under a court order obtained by the Federal Trade Commission.