Merchant

Despite pledges last year to move "aggressively" to implement new credit scoring models at the government-sponsored enterprises, the Federal Housing Finance Agency's effort appears to have stalled.

The U.S. restaurant industry is still challenged to fit EMV-chip card payments into an ordering and payment structure built around cash and magstripe cards. The vendor MyCheck sees this uncertainty as an opportunity to win restaurants over to its mobile payment system.

Consumer litigation is going through some wild swings in 2015, according to the latest lawsuit numbers from U.S. district courts, but all key comparisons are tracking ahead of last year.

Kelly Cochran has vetted every rule that comes out of the agency, making her one of the most influential people in the financial services industry.

In a new book, PayPal founder and former exec Elon Musk argues that big thinking is missing from PayPal and payment startups. Put another way, NFC and QR codes won't repair the global economy. The problem is Musk’s big picture approach is it would challenge interoperability and ultimately stagnate the very industry he’s trying to save.

Credit-card industry executives always insist that they face strong competition. But the battle between the nation's largest card issuers appears to have intensified in recent months, and it shows no signs of waning.

Consumers who lost money in an online operation that illegally debited their bank accounts when they sought payday loans are being mailed checks this week totaling $1.5 million.

The Consumer Financial Protection Bureau has appointed new consumer finance experts from outside the federal government to its Consumer Advisory Board, Community Bank Advisory Council and Credit Union Advisory Council.

A federal grand jury has indicted the founder of a once-booming Indiana collection agency on felony bank fraud, wire fraud and bankruptcy card charges.

The county reportedly has written off more than $150,000 in debt and has had no success hiring an agency or law firm.