Merchant

A number of community banks, eager to make inroads with underbanked clients, are looking to offer employer-sponsored payroll loans.

The FTC on Thursday announced it has stopped illegal debt collection tactics of several debt collection operations. The crackdown includes four cases highlighted in Collections & Credit Risk. The FTC issued a statement about the cases to point out the success of Operation Collection Protection.

In the war on cash, Canada doesn't hold a candle to Sweden, where bills and coins are used for less than 5% of retail transactions, or Denmark, which plans to eradicate cash by 2030. But recent research suggests Canada is quickly closing the gap as its rate of contactless payments is soaring.

It's a precarious time for security at gas stations, many of which are taking advantage of the two-year grace period they received for EMV card acceptance when the rest of the bank and retail world faced a 2015 deadline.

It is rumored that the word ‘fintech’ was first used by the Sunday Times in 1985. That case is almost certainly an outlier but since 2013, ‘fintech’ has been hard to escape.

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.