Merchant

Most U.S. states have established student loan forgiveness programs that are often offered to public service employees to help borrowers who have federal aid or don’t qualify for Department of Education programs.

Banks finally appear ready to turn the corner on how they view overdrafts — and the change of direction could help not only the industry's public image, but also the bottom line.

The Federal Trade Commission is publishing procedures for the administrative collection of debts, including those arising under judgments and orders of the FTC.

Two payday lenders have settled Federal Trade Commission charges that they illegally charged consumers across the country undisclosed and inflated fees.

Walmart has entered the mobile payments industry, announcing in December that it was introducing Walmart Pay, an upgrade to Walmart’s existing app that will allow in-store shoppers to pay with their smartphones at checkout.

Payment security services provider EchoSat has purchased SmartLink, a division of Heartland Payment Systems.

Bank regulators will stiffen their requirements and identity theft will escalate, but banks will toughen up their defenses.

A key consumer confidence measure showed consumers had a more positive view of the economy in December than a month earlier and their optimism about the labor market also has improved.

After the death of former House Financial Services Committee Chairman Michael Oxley on Jan. 1, the media largely focused on his most famous accomplishment: the Sarbanes-Oxley Act of 2002.

A New York resident can bring a lawsuit in federal court to challenge debt collection practices under the Fair Debt Collection Practices Act for a loan that was discharged in bankruptcy, the U.S. Court of Appeals for the Second Circuit ruled Monday.