Merchant

Nationwide Biweekly Administration, Loan Payment Administration and Daniel Lipsky - the owner of both companies - are named as defendants in a Consumer Financial Protection Bureau lawsuit that accuses the firms of deceptive mortgage practices.

Brad Blackwell, who heads portfolio lending at Wells Fargo, calls his bank's underwriters the "fighter pilots" of the lending industry — they belong to a force trained to attack very specific targets.

For many industries, the introduction of open standards has been a key driver for innovation. The rapid evolution of the internet and online services offer a vivid example of the degree to which open standards can enable immense innovation and growth.

BankUnited in Miami Lakes, Fla., has hired Hakim Kassam, a former Wells Fargo banker, to run its small business finance department.

Global Payments will launch the OptBlue program in Canada in early summer, the first acquirer/processor to use the American Express program to adjust Amex card pricing for Canadian merchants.

As more U.S. banks issue EMV-chip credit and debit cards, consumer education remains a challenge, particularly if consumers overlook the paper inserts that come with their new cards.

The Colorado attorney general's office has sued a retailer for violations of lending and consumer protection laws. The action comes six months after the company agreed to a multimillion-dollar CFPB fine for alleged faulty collection tactics.

Banks hurt by the Target data breach two years ago will not be able to block a settlement they consider unfair, a judge ruled Thursday.

A Vermont consumer protection bill that would regulate the rent-to-own industry and temporarily ban lawsuit loan companies from operating in the state passed in the Vermont House on Friday.

An appeals court ruled Friday that the use of official letterhead from Ohio Attorney General Mike DeWine’s office is a violation of the Fair Debt Collection Practices Act.