Merchant

The operators of an illegal robocall scheme, under an order Tuesday from a federal district court in New York, can no longer falsely promise to obtain refunds for consumers from the Federal Trade Commission.

Fueled by demand for auto loans and higher credit card balances, U.S. consumer borrowing soared in July and posted its biggest jump since November 2001.

U.S. bankruptcy filings totaled 75,170 in August, down 16% from 88,962 in August 2013. It's the largest year-to-year drop so far in 2014, according to data from Epiq Systems Inc.

National Bank of Commerce in Birmingham, Ala. has purchased a majority stake in the parent company of a collections and accounts receivable management firm.

Ontario Systems has been honored with the 2014 When Work Works Award for its use of effective workplace strategies to increase business and employee success.

The income gap between wealthy and average consumers in the U.S. is growing while overall debt held by consumers dropped, according to the Federal Reserve's September survey on consumer finances.

A class-action settlement resolving claims that Bank of America violated the Telephone Consumer Protection Act received a federal district court's final approval - with some changes. The dollar amount, while large, is less than half of a recent record case involving Capital One.

While the average debt among Canadians increased when compared to the same quarter last year, the national delinquency rate reached its lowest level since 2008.

Wells Fargo Bank plans to lay off 115 call center employees at a facility in Roanoke County, Va. as a result of reductions in delinquencies and foreclosures, according to a spokeswoman.

VeriFone is developing a number of uses for the video screens on its point of sale terminals, which can display advertising and other content.