Merchant

Victoria’s Secret faces a class-action lawsuit over allegations that the retailer violated the Telephone Consumer Protection Act by sending a customer 97 text messages in a single day.

First-mortgage originations for subprime borrowers showed steady growth last year from January to October, with more than 312,000 new mortgages originated, totaling $50.7 billion, according to data from the latest Equifax National Consumer Credit Trends Report.

At the four-month mark after the U.S. EMV liability shift went into effect, it's still a waiting game; larger issuers and merchants tend to be on top of the chip-card situation and many smaller ones are not, but experts say it's too early to draw conclusions.

Despite electronic payment innovations, cash is still the most efficient and simplest form of payment for low-value transactions.

Washington Attorney General Bob Ferguson has requested legislation that would create a program allowing Washington drivers to set up payment plans to pay traffic-based fines. The program aims to reduce the number of people in the state with suspended driver’s licenses, lower court costs and boost local revenue.

The Shareholders Foundation Inc. announced that a lawsuit is pending in South Carolina on behalf of certain buyers of shares of World Acceptance Corp. over the company's alleged violations of laws concerning securities.

It's easier than ever for consumers to take out personal loans to pay down high-cost debt or fund big-ticket purchases, and two new studies show that they are taking full advantage of their options.

OnDeck Capital, an online small-business lender in New York, has added a former E-Trade Financial executive to its board, as another director plans to leave.

ExxonMobil has expanded the rewards program on its store-branded credit cards, to provide a larger discount on fuel sales.

The U.S. House of Representatives this week likely will consider legislation to end Operation Choke Point, sponsored by U.S. Rep. Blaine Luetkemeyer (R-Mo.).