Merchant

The top Democrat on the Senate Banking Committee on Wednesday asked the FCC to include a range of consumer protections in new rules - including limiting the number and duration of calls that can be made.

Sen. Sherrod Brown is pressing the Federal Communications Commission to limit the number of calls collectors of government-backed debt can make to delinquent borrowers. His appeal comes at a time when banking groups are challenging earlier robo-calling regulations that they say inhibit their ability to collect debt.

Square Inc. reported fourth-quarter revenue that topped analysts’ estimates, suggesting the digital-payments business will continue to grow in the face of increasing competition from PayPal Holdings Inc. and Apple Inc.

Retirement was good for Pamela Joseph, former head of U.S. Bank's Elavon business, but not enough to overcome the lure of a high-level executive role at Total System Services, a company rapidly transitioning into a new age of digital payments.

The Consumer Financial Protection Bureau is clamping down on student loan lenders and servicers that automatically default on loans when a co-signer declared bankruptcy or dies. Because private student loans are often sold and securitized, some companies' promises to eliminate so-called "auto defaults" are not being upheld.

Southwest Bancorp in Stillwater, Okla., and LegacyTexas Financial Group in Plano have disclosed exposure to a commercial borrower that faces criminal and civil investigations.

New York Attorney General Eric T. Schneiderman alerted consumers on Wednesday about collection and financial scams circulating in the state. The scams often target seniors, students and first-generation Americans.

ExxonMobil, the world's largest oil company, now accepts Apple Pay at a majority of its U.S. gas stations.

One of the defendants in the IWorks scheme that allegedly took more than $280 million from consumers via deceptive trial memberships for bogus government-grant and money-making schemes has agreed to settle Federal Trade Commission charges.

Obtaining money transmitter licenses in every state has been a lengthy process for WorldRemit, but one that paid off big this month when the company became regulated in California.