Merchant

A Jackson County, Mo. jury awarded a woman $251,000 in damages and assessed $82 million in punitive damages against the collection agency that sued her for a debt she said was not hers.

Southern Refreshments is updating its fleet of Georgia vending machines to include cashless options and mobile Near Field Communication (NFC) readers, a move that it hopes can boost spending.

Banks and consumer groups are both eagerly awaiting an FCC decision about whether to loosen federal restrictions on robo-calling consumers. A $10.2 million settlement announced this week involving JPMorgan Chase brought the issue back to the forefront.

On the same day the Consumer Financial Protection Bureau announced a probe into student loan servicing practices, stakeholders ranging from the Department of Education to borrower advocates outlined their wish lists for reforms.

A New York woman convicted of participating in an identity-theft ring was sentenced Thursday to two to six years in state prison. The ring stole more than $850,000 from hundreds of JPMorgan Chase customers.

Former Wells Fargo & Co. customer Shahriar Jabbari filed a lawsuit against the bank Wednesday accusing it of violating the Fair Credit Reporting Act.

The Payment Card Industry security standards council's PCI 3.0 revision, revealed in January, adds requirements that take effect at the end of June, putting unprepared merchants at risk of fines if they suffer a breach.

WASHINGTON — The Consumer Financial Protection Bureau is taking a closer look at companies that service student loans to determine whether there are patterns of abuse and misinformation in the $1 trillion industry.

Two law firms and their lead attorney on Wednesday lost a default judgment in New York County Supreme Court after allegedly participating in a fraudulent mortgage rescue scheme.

While unused credit largely hasn't been addressed in the U.S., in six countries—Brazil, Turkey, Argentina, Greece, Mexico and Israel—optimizing unused credit is enabling interest-free credit-card based installment plans.