Merchant

The Consumer Financial Protection Bureau and the Department of Justice filed a joint complaint against National City Bank for charging higher prices on mortgage loans to African-American and Hispanic borrowers than similarly creditworthy white borrowers between the years 2002 and 2008.

Emerging payments developers shouldn't feel forced to place all their bets on one platform or another. In the shorter term, successful future models of banking will be hybrids.

In the past few years, the payments industry has experienced a flood of new offerings, from consumer-facing giants like PayPal and Google to Silicon Valley startups such as Square.

Fidelity National Financial Inc. agreed to settle Federal Trade Commission charges that its proposed $2.9 billion acquisition of Lender Processing Services Inc. (LPS) would substantially lessen competition by combining the firms’ title plant assets in several local markets in Oregon.

Consumer statute lawsuits in November were consistent with the trend seen throughout 2013. Fair Debt Collection Practices Act and Fair Credit Reporting Act litigation both declined while Telephone Consumer Protection Act lawsuits expanded.

"Operation Choke Point," the federal government's campaign against online payday lenders and collections agencies, is unjustly attacking third-party payment processors, an association official says.

MoneyGram will extend its agreement to provide services in more than 600 Albertsons locations in the U.S.

As mobile wallets mature, so will attempts to use the technology to marry payments and marketing, says Fiserv's Matt Wilcox.

Lisa Shipley, president of Transaction Network Services (TNS), will lead the board of directors and service as president of the Women's Network in Electronic Transactions (W.net), an organization that provides networking, mentoring, career development and education programming for women in the payments industry.

Merchant Warehouse has seen a lot of momentum these past three months as small and medium-sized merchants adopt its Genius payment acceptance and customer engagement platform, which launched to the general public in January.