Merchant

Default rates on various types of consumer loans improved in November, according to Standard & Poor's and Experian.

A car dealer and its financing arm will pay a $6.4 million fine to the Consumer Financial Protection Bureau for allegedly providing inaccurate information to credit reporting firms.

Small to large retail vendors are constantly aspiring to improve customer experience, resulting in more friendly point of sale (POS) interactions.

London-based Powa Technologies has formed a 10-year alliance with China UnionPay to extend the PowaTag smartphone shopping app to CUP’s 1.3 billion credit and debit cardholders.

LifeLock Inc. agreed Thursday to pay $100 million to settle FTC charges that it failed to properly protect its customers’ data and misrepresented the strength of its security. It's the largest order enforcement case to date to come out of the FTC.

Litigation citing violations of the Fair Debt Collection Practices Act, Telephone Consumer Protection Act and Fair Credit Reporting Act dropped in November compared to October but remain significantly higher year-to-date.

EZCORP Inc. has responded to the $10.5 million settlement with the Consumer Financial Protection Bureau related to its payday lending and installment lending practices.

Seventeen colleges will receive warning letters this week from the Consumer Financial Protection Bureau stating they may be in violation of federal law for not disclosing agreements they have with credit card companies.

Credit risk, interest rate risk and cybersecurity concerns pose growing risks, according to a semiannual risk report issued Wednesday by the Office of the Comptroller of the Currency.

This year was huge for payments. We saw the mobile wallet wars ignite into an all-out game of “anything you can do I can do better, anything you can do I can do better than you.”