Merchant

U.S. v. Adrian Rubin, filed recently in federal court in Pennsylvania, ought to be required reading for anyone studying the history of online payday lending.

CashPoint will forgive more than $2.36 million in consumer loan debt after reaching a settlement Tuesday with the West Virginia Attorney General’s office over alleged illegal collection practices.

London-based Currency Cloud has closed out a Series C funding round, attracting $18 million from new and existing investors.

Companies offering loan assistance and credit improvement services, and their owner, agreed Monday to settle charges brought by regulators in Maryland.

WASHINGTON — A House Financial Services subcommittee will hold a hearing Thursday on employee allegations of discrimination and retaliation at the Consumer Financial Protection Bureau.

The Consumer Financial Protection Bureau released letters Monday asking major search engines Google, Yahoo and Bing to work with state and federal regulators to crack down on scammers targeting student loan debtors.

The U.S. likely didn't need an extra shove to adopt an international payment messaging standard vital to a faster payments network but, just in case, the U.K.'s Payments Council is making it easier to do so.

Green Dot late Monday announced a five-year renewal of a prepaid card contract with Walmart, though the retail giant will get a larger share of revenue.

Payments technology provider Global Payments Inc. is formally launching American Express' OptBlue small business suite in Canada, providing fuel for Amex's recovery from the loss of Costco's cobranded card business.

A national publication on Monday published an article with strategies for consumers dealing with debt collectors. Collections & Credit Risk encourages readers to tell us what you think of the story as well as the mainstream media's recent overall portrayal of the collection industry.