Merchant

Debt buyer PRA Group has expanded its Norfolk, Va. headquarters for the second time in just more than a year.

The European Parliament on March 9 voted in favor of capping interchange fees for domestic and cross-border transactions, a move that many European banks anticipated.

WASHINGTON — The Consumer Financial Protection Bureau appears ready to act on rules limiting arbitration clauses as the bureau continues to argue such agreements harm consumers.

U.S. credit card debt jumped by $57.1 billion - up 47% - in 2014 compared to 2013 and the forecast calls for the total to reach $60 billion this year, according to a new survey from CardHub.

Credit-reporting giants Equifax Information Services, Experian Information Solutions and TransUnion will change the way they handle errors and treat medical debt after reaching a settlement with New York Attorney General Eric Schneiderman.

"I was very fortunate in that I started on the issuing side of the business and in the early ‘90s I moved over to the acquiring side. There are probably not a lot of people who grew up on both sides—merchant acquiring and card issuing."

A bill to replace the Consumer Financial Protection Bureau’s director leadership with a bipartisan commission appointed by the president was introduced by Rep. Randy Neugebauer (R-Texas), chairman of the Financial Institutions and Consumer Credit Subcommittee and a member of the House Financial Services Committee.

Merchants are far from helpless bystanders as Apple and banks sort out who is responsible for stopping fraudulent cards from being enrolled in the Apple Pay mobile wallet.

ATMs in some key Las Vegas locations will allow consumers to obtain U.S. dollars with foreign payment cards through Monex Financial Services' dynamic currency conversion technology.

WASHINGTON — Loan demand continues to increase across the country, even though some economic sectors are still struggling, according to a report released Wednesday by the Federal Reserve Board.