Merchant

The CFPB took action Wednesday against online payment platform Dwolla for allegedly deceiving consumers about its data security practices and the safety of its online payment system. Dwolla must pay a $100,000 penalty and fix its security practices.

Planet Payment and Visa have formed an agreement to deliver a payment processing platform to acquirers and merchants worldwide.

Ocwen Financial in West Palm Beach, Fla., is the target of a second Securities and Exchange Commission investigation into its mortgage servicing practices.

The Consumer Financial Protection Bureau announced Wednesday an application process for requests that areas not currently deemed “rural” receive that designation under federal consumer financial law.

Wisconsin Gov. Scott Walker has signed a Wisconsin Consumer Act amendment that eases rules for debt collectors and clarifies requirements for creditors to collect debts.

The increase in m-commerce means the risk of consumer drop off is increasing—and retailers need to shore up their user experience to respond.

The mortgage servicer said it has received letters from the Securities and Exchange Commission regarding separate probes into its collection practices and fees.

More than 200 small banks across the country will be able to offer online loans to their small-business customers as part of a new partnership announced Tuesday.

The U.K.'s new MoneyGram Plus card seems at first like a standard loyalty card, but to MoneyGram it is a way to streamline the long and repetitive task of initiating a transfer through an agent.

The Third Circuit Court of Appeals issued an opinion in October that could drastically expand the already swollen ranks of consumer claimants under the Telephone Consumer Protection Act. It could also make it much more difficult for businesses to successfully defend against such claims in the early stages of litigation.