Merchant

The zero or low default rates reported by banks may on the face be a good sign but could suggest mounting future credit risk, based on a review of data published by the FDIC.

Have consumers benefited from the Durbin amendment? Unfortunately for opponents of the Dodd-Frank Act provision that capped debit swipe fees, no one is qualified yet to answer that question.

A federal judge in Illinois has ruled that national for-profit chain Corinthian Colleges Inc. must pay $531 million in damages to former students for misleading them about their career prospects and engaging in other deceptive practices.

The U.S. Department of Education has released two regulatory packages addressing products and payment plans directed at student borrowers.

American Express Co., bracing for a decline in profit after the loss of a key retail partner, made a series of organizational changes including combining U.S. and international units and said that consumer product head Josh Silverman is leaving the firm.

Wells Fargo has eliminated foreign transaction fees for transactions made by small businesses made outside the U.S.

Sure, the U.S. government recently handed down strong new rules designed to protect consumers from unwanted robo-calls. But maybe some robo-calls aren't so bad. Like debt-collection calls in cases where the debt happens to be backed by Uncle Sam.

A collection agency allegedly fraudulently collected more than $31 million from thousands of people across the U.S., a sum that could make it the largest collection scheme ever prosecuted.

U.S. merchants, card issuers, and payment processors are beginning to switch over to EMV. However, there are frequent reports that large numbers of U.S. merchants are not ready.

Sure, the U.S. government recently handed down strong new rules designed to protect consumers from unwanted robo-calls. But maybe some robo-calls aren't so bad. Like debt-collection calls in cases where the debt happens to be backed by Uncle Sam.