Merchant

The Federal Trade Commission renewed its call for data security legislation in testimony before the Senate Committee on Homeland Security and Governmental Affairs.

The borough of Phoenixville, Pa. is reviewing whether to hire an outside collection agency to pursue the an estimated $1 million in unpaid water, sewer and trash bills.

Debt buyer Encore Capital Group Inc. announced it received regulatory approval to acquire a controlling stake in a management company that purchases credit portfolios and focuses on UK insolvencies and Spanish assets.

December’s breaches made the most headlines, but the bad news for retailers seems to keep coming every few days, alternating with the latest weather reports to make up a good chunk of every evening newscast.

New York Attorney General Eric T. Schneiderman's office announced agreements Tuesday with 10 businesses that will limit their marketing of title loans, a type of payday loan, to residents of the state.

Consumer complaint volume nearly doubled from 91,000 in 2012 to 163,700 in 2013, according to the Consumer Financial Protection Board's Consumer Response Annual Report.

The property tax delinquency rate for Detroit landlords receiving Section 8 payments is 26%, and they collectively owe the city at least $5 million.

Much has been written about the revolutionary impact Big Data will have on businesses, including benefits to lenders in terms of improving marketing and risk management.

Three defendants charged in a multimillion-dollar telemarketing fraud scheme agreed to court-issued preliminary injunctions that will shut down the operation. The court also imposed a preliminary injunction against the final defendant, Ari Tietolman and his companies.

Square is accelerating its integration with third parties to save the time and resources it would take to develop the business technology it needs to stay competitive in an increasingly sophisticated and crowded mobile payments marketplace.