Merchant

A well-known advocate in the consumer debt relief industry is under investigation by federal authorities in Washington, D.C. and Montana for business ties to payday lenders.

Lawmakers are requiring the Department of Education to drop a formula that gives preference to four major federal student loan servicers and instead divvy up the accounts based on performance measures.

Separate actions involved a company and an individual that resold sensitive personal data to debt collectors and lenders, allegedly exposing millions of consumers to harassment and deceit.

With the zeal and thoroughness that the EMV transition has been discussed and covered over the past six months or so, you’d think it was the only technological innovation hitting payment cards in the marketplace.

Apple Pay and Samsung Pay are coming to China in early 2016, in a potential defensive move by China UnionPay to fend off competition from domestic mobile payment rivals on the rise in China, including Alipay and Tencent.

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.