Merchant

A federal class-action lawsuit alleges credit bureau TransUnion illegally charges $10 before it places security freezes on the files of people who are dealing with identity theft.

The city of Yonkers, N.Y., has amended its Consumer Protection Code to include revised requirements for debt collection agencies.

The mash-up of existing technologies into new solutions (i.e. innovation) is something we are seeing a lot in the financial sector, particularly within the payments ecosystem.

Merchant acquirers are required to respond to mobile's impact in an almost infinite number of ways, and in many cases deem acquisition the best and fastest play to diversify beyond payments.

U.S. Sen. Sherrod Brown, D-Ohio, announced his ongoing co-sponsorship of legislation aimed at allowing people with outstanding student loan debt to refinance at the lower interest rates offered to new borrowers. The measure has resurfaced in the 114th Congress.

Thirteen Minnesota hospital systems reported a bad-debt increase of $15 million between 2013 and 2014 even as charity care costs - reported by 10 hospital systems - fell by about $37 million in the same period, according to an analysis by the Minneapolis Star Tribune.

Equifax Inc. and Zoot Enterprises announced Monday plans for the release of Mobility Plus, an end-to-end service that leverages Equifax data and Zoot decisioning technology to ease the mobile account opening process while helping to minimize fraud risk.

Recent high profile acquisitions made by some of the payment industry’s key players, such as Heartland Payment Systems, First Data, and Vantiv, point to a recurring theme—traditional merchant businesses are making the shift into integrated technologies.

An Illinois federal court dismissed a Fair Debt Collection Practices Act case that involved a collection account number being visible on an envelope containing a debt collection letter. The decision goes against a high-profile collection case ruling last year.

Unifund Group has acquired First Resolution Investment Corp., including all assets and an estimated 72,000 accounts with a face value of $1 billion.