Merchant

Leonard G. Potillo III, the owner of Florida-based debt buyer United Credit Recovery LLC, was arrested Monday and charged with bribing a U.S. Bank official to get inside information on the sale of debt portfolios.

A Missouri collection agency plans to lay off 108 workers, according to a Worker Adjustment and Retraining Notification (WARN) notice filed with the state.

A bill to improve access to credit and qualified mortgages for low and moderate income borrowers, while protecting consumers from bad loans, passed Monday in the U.S. House.

Israeli contactless payment technology provider On Track Innovations (oti) is expanding its reach to enable self-service payments on several fronts.

President Obama on Monday proposed two plans designed to ease the burden of student loan debt for potentially millions of Americans.

Apple's plan to introduce a new Lightning connector for headphones, potentially replacing the standard 3.5mm jack, could give mobile payment companies a major hardware headache.

Demand for credit in Western Canada has increased for four consecutive quarters, while activity in the Eastern provinces continues to slow, according to Equifax Canada's Q1 National Consumer Credit Trends Report.

A Southern Illinois town has hired a third-party collection agency to pursue unpaid city fees and fines ranging from criminal offenses to traffic offenses.

Consumers increased their borrowing in April, with growth in credit card debt rising at the fastest pace in more than a dozen years.

Financial institutions remain positioned well to forge deep relationships with business clients seeking help in navigating the challenges of emerging payments technology and risks, says Capital One's Jim Gifas.