Merchant

Pathfinder Bancorp in Oswego, N.Y., has exited the Small Business Lending Fund program.

The NCUA's plan to expand credit unions' business-lending powers generated more than 3,000 comment letters, mostly from bankers urging a "no" vote. But the agency's board is expected to stick by its original proposal.

There are millions of businesses deserving of loans that banks using traditional data resources might overlook due to their thin credit histories.

For the last nine months, marketplace lenders have been hoping the Supreme Court would save them from a lower-court ruling that raised fundamental questions about their business model.

A Pennsylvania federal judge has dismissed a lawsuit accusing debt collector LMM Management of using the letterhead of an allegedly sham law firm to convince thousands of borrowers to pay delinquent debts.

In our first piece on collecting through litigation, we noted that the soft financial market and uneven regulatory landscape have led to a great deal of waste and loss of profitability in collecting unpaid debt. Now, we describe new systems that will employ technology to help litigation processes and return them to profitability.

Football season may be over, but the game is just getting started for the payment companies that saw the Super Bowl as their own proving ground.

The world of global payments is evolving rapidly – driven by an increasingly global economy, expanding consumer buying power in Asia and South America, rising adoption of digital payment methods, and increasing concerns over security and transparency.

The Electronic Transactions Association released its updated Guidelines on Merchant and ISO Underwriting and Risk Monitoring last week, spotlighting various merchant categories that face the biggest scrutiny from law enforcement agencies.

The FTC and the State of Florida have obtained settlements with a group of defendants who participated in a tech support scheme that allegedly defrauded thousands of consumers out of millions of dollars.