Merchant

The operators of a credit repair scheme that allegedly tricked Spanish-speaking consumers into paying thousands of dollars each to improve their credit have settled FTC charges.

Looking at the majority of recent articles around the launch of Apple Pay in the UK, you’d be forgiven for thinking that the most exciting aspect of Apple Pay is its harnessing of Near Field Communication (NFC) technology.

A payday lender that allegedly collected money illegally faces a lawsuit filed Tuesday in federal court by the Consumer Financial Protection Bureau.

Heavier second-quarter marketing expenses at OnDeck Capital highlight a concern throughout the marketplace lending industry: the high cost of customer acquisition as competition from banks and nonbank startups heats up.

Court rulings in the past year are sending conflicting messages about whether a debtor's account number visible on a debt collection envelope violates the Fair Debt Collection Practices Act.

A three-year investigation by the Idaho Attorney General’s office into allegations that executives with a hospital misused charitable assets has ended after the two sides reached an agreement.

WASHINGTON — In the wake of Benjamin Lawsky's departure as head of the New York Department of Financial Services two months ago, there were some in the banking industry that predicted the agency might back away from being the outspoken, aggressive one it had become during his tenure.

The House of Representatives has already passed two strong bills (the Protecting Cyber Networks Act and the National Cybersecurity Protection Advancement Act). We are now urging the Senate to take up and pass the Cybersecurity Information Sharing Act (S. 754) as soon as possible.

The small-business lender's shift 18 months ago to a marketplace player that sells loans to investors paid off handsomely in the second quarter.

Millennials are beginning to take on more auto and student loans but are lagging in their use of credit cards and are slower to build some types of credit compared to Generation X and Baby Boomers, a report from Experian reveals.