Merchant

Legislation aimed at allowing student loan borrowers to refinance their debt will return to the Senate floor for a second vote next month.

Goldman Sachs is in the final stages of negotiating $1.1 billion settlement with the Federal Housing Finance Agency, according to a news report Friday.

The Federal Trade Commission has asked a federal court to shut down a debt relief and credit repair scam that falsely claimed the federal government funded the program and that it was endorsed by President Obama.

Inc. magazine has ranked Fairport, N.Y.-based collection agency ConServe on its 33rd annual Inc. 500|5000 list, a ranking of the nation's fastest-growing private companies.

First Data has a number of payments initiatives planned for the next year in Brazil, where the mix of mobile and card adoption suggests big potential for electronic card payments.

The Consumer Financial Protection Bureau and Federal Trade Commission filed an amicus brief in the case of Hernandez v. Williams, Zinman & Parham, which concerns the interpretation and enforcement of the Fair Debt Collection Practices Act.

By adding data analytics to its Square Register platform, Square Inc. says it is giving merchants of all sizes the kind of tools that larger retailers use to increase sales.

A former Minnesota debt collector was sentenced Wednesday to 15 years in federal prison.

Stoneleigh Recovery Associates, based in Lombard, Ill., has acquired R&B Collections Inc. of Roswell, Ga. in a deal funded through a mix of cash on hand and new debt.

A nursing home located in New Rochelle, N.Y. will pay $2.2 million to settle allegations that the business and its owner submitted more than 62,000 inflated claims to the New York State Medicaid Program.