Merchant

Borrowers who signed up for home equity lines of credit during the real estate price surge were 30 or more days late on $1.8 billion in outstanding balances four months after principal payments began, according to credit reporting firm Equifax.

The Federal Trade Commission and the New York Attorney General’s office gave presentations on collection issues, existing laws and the enforcement of fair practices.

After several years of dormancy, Apple resurrected Near Field Communications (NFC). However, it remains to be seen if NFC will ultimately prosper and become the kind of ubiquitous payment technology that today is unique to payment cards.

Equifax Inc. announced Monday that it’s working with Credit Builders Alliance to help Americans who are considered to be “credit invisible.”

Community Bank in Pasadena, Calif., has completed a debt restructuring that will reduce second-quarter profit, but will improve its cost of funds and margins and increase yearly income.

A study of the top five U.S. auto insurers found an average 49% difference in premium costs for someone with an excellent credit score compared with someone with no credit history.

Global Debt Registry announced that its Account Extinguishment Report is available for free to consumers on its consumer website Debt Lookup. The firm calls it "a solution for protecting consumers from attempts to collect on settled, cancelled or closed accounts."

Square Inc. will eventually be a publicly traded company and could conduct an initial public offering this year if it wanted to, its former chief operating officer said.

Imagine you work for a grocery store where every 18 out of 100 shoppers must be turned away from the register when they arrive with a loaded grocery cart. This would obviously aggravate a lot of shoppers, which is why it’s ridiculous that e-commerce companies do this every day – usually without realizing it.

A watchdog group is proposing a ballot measure that would impose a cap on interest rates charged by the lenders.