Merchant

Tuesday's action against the alleged bait-and-switch mortgage-lending scheme includes two companies and the owner of both of them.

Square recently ended a plastic card project out of concerns it would cause friction with the payment company's financial partners, according to Fast Company.

ITT Educational Services Inc. has seen a large drop in its stock price and other woes amid a Consumer Financial Protection Bureau lawsuit and tightening regulatory scrutiny of for-profit colleges nationwide.

Security concerns are commonly cited as the reason for the lack of widespread adoption of mobile banking. But there is risk with every type of payment - lest we forget the growing list of recent major retailer and restaurant card data breaches.

Scammers in Ohio are posing as government and law enforcement officials demanding that consumers pay money immediately, according to state regulators.

Square Appointments, the company's latest fee-based product, is the first in its lineup that can be used by merchants who do not also use Square to accept payments.

The Consumer Financial Protection Bureau last week sent letters to 10 of the country’s largest universities urging them to publish the terms of prepaid cards, debit cards and checking accounts that banks are promoting on their campuses.

Frederick J. Hanna & Associates, P.C., an Atlanta-based creditors’ rights and collection law firm, has expanded its legal collection footprint by opening an office in Greenville, S.C., that will service the entire state.

Local officials in Daly City, Calif. will review Monday whether to approve legislation that will prohibit new payday lending businesses from opening within 2,000 feet of existing payday lenders.

Mobile point of sale providers claim to serve the merchants that are too small for card acceptance: the gardeners, the babysitters, the flea market sellers. But this image is quickly fading as vendors pursue larger merchants, causing the upstart mPOS players to increasingly resemble the incumbents.