Merchant

The Consumer Financial Protection Bureau issued a proposal Wednesday aimed at improving the way that companies submit consumer credit card agreements to the bureau.

A contingent of former Corinthian Colleges Inc. students, backed by student advocates and more than a dozen Senate Democrats, has demanded that the U.S. Department of Education forgive thousands of federal student loans taken out by Corinthian students.

Officials in Elmhurst, Ill., a Chicago suburb, are looking at hiring a new collection agency to pursue overdue parking tickets and other delinquencies.

Consumer Financial Protection Bureau Director Richard Cordray discussed CFPB enforcement efforts and the pending rules for the debt collection industry, which are expected to be issued this year, during the National Association of Attorneys General meeting.

Bluefin Payment Systems, a technology vendor based in Georgia, will provide mobile point-to-point encryption technology to Infinite Peripherals, a point of sale system provider.

A complaint filed in district court by the Federal Trade Commission aims to stop an operation that has targeted consumers with outstanding payday loans, claiming they could help resolve those debts but then providing little or none of the financial relief promised.

Huntington had admired the finance firm for decades, but it was the Ohio company's Midwestern ties that helped it snag the unit from other suitors.

A more efficient, customer-friendly process for small-dollar commercial loan requests is a matter of competitive necessity for most community banks.

A North Carolina newspaper published an editorial this week stating that state law, the Affordable Care Act and a series of articles published in 2012 has led nonprofit hospitals in North Carolina to become less aggressive in pursuing former patients who can’t pay their bills.

First Data is releasing new services that stem from a strategic shift that followed the company's restructuring over the past year.