Merchant

As the Consumer Financial Protection Bureau finishes regulations dealing with mortgage data reporting, a similar set of requirements for small business loans is waiting in the wings.

London-based mobile point of sale provider SumUp has received 10 million euros [$11.2 million U.S.] in funding from investors, including American Express, Groupon and BBVA Ventures.

A decision by the U.S. bankruptcy court in Delaware to approve Corinthian Colleges' liquidation plan ultimately could mean hundreds of thousands of students won’t have to repay their loans.

A Mississippi businessman, indicted in connection with bribes paid in exchange for prison contracts, made $198,000 between 2012 and 2014 as a lobbyist for the state’s payday loan and check cashing industries.

In recent online focus groups, Federal Reserve researchers presented 44 small-business owners with basic information about a loan and asked them to estimate the interest rate. The business owners' responses were telling.

This fall, the United States will finally transition to EMV—but it’s too little too late.

European mobile point of sale gateway provider payworks will offer its service through Miura Systems' EMV and Near Field Communication mobile terminals.

RCB Investimentos, a master servicing platform for non-performing loans in Brazil, has announced a partnership with Norfolk, Va.-based debt-buying giant PRA Group.

The Sixth Circuit Court of Appeals has ruled that a debtor providing a cell phone number to a creditor has consented to receiving calls and thus the creditor doesn't violate the TCPA by making repeated, automated calls to that number seeking payment.

The Debit Network Alliance last week officially launched its shared application identifier (AID) for EMV debit routing, but merchants likely won't be in any rush to implement the technology despite the fast-approaching Oct. 1 liability shift.