PayPal revolutionized how consumers pay for goods online. It's not about to be usurped by the mobile payments movement.

EBay Inc. is building on the mobile payments strategy of its PayPal unit with its $240 million deal to buy Zong Inc., a company that lets consumers charge purchases of digital goods to their wireless phone bills.

Nationstar Mortgage is not liable under the Fair Debt Collection Practices Act (FDCPA) for a class action lawsuit that claims the company mailed several hundred thousand deceptive letters to Texas homeowners, according to U.S. District Judge Xavier Rodriguez in San Antonio.

WASHINGTON — The Mortgage Bankers Association is asking the Consumer Financial Protection Bureau to sit down with key stakeholders as it continues to revise mortgage disclosure forms.

TransUnion plans sell up to $325 million in stock in an initial public offering. In a filing with the Securities and Exchange Commission on Tuesday, the Chicago-based company said it plans to use the proceeds to reduce “a substantial amount of indebtedness” and for general corporate purposes.

Anyone who owns a smart phone knows new apps and program updates are posted every day and even the handsets themselves evolve every year or so.

As a growing number of United Kingdom-based merchants adopt contactless payment technology as part of a broad regional effort leading up to the 2012 Olympic Games, specific retailers are seeing the technology’s benefits.

Expansion in C&I portfolios appears to have cooled a bit, but declines in other major loan categories moderated.

U.S. consumer bankruptcy filings totaled 709,303 nationwide during the first six months of 2011, an 8% decrease from the 770,117 total consumer filings during the same period a year ago, according to the American Bankruptcy Institute (ABI).

The total value of mobile payments for digital and physical goods as well as for money transfers and Near Field Communication-enabled transactions will grow to $670 billion by 2015, up from $240 billion in 2011, according to a new Juniper Research study.

The emerging U.S. mobile-payments market could face some resistance from consumers who are worried about fraud, new research suggests.

Consumer credit card growth, which has been on the decline for about three years, could be showing signs of life again, according to data Equifax Inc. released July 1.

Western Union Co. has struck a deal that will make it a competitor, but also a potential partner, for banks trying to capture a bigger chunk of the business payments market.

Fresh off moving its Citi Ventures unit to the Bay Area to get close to the latest payments tech buzz, Citi’s investing in mobile payments firm Billing Revolution.

To encourage online shopping, which faces resistance in India because of security concerns over using credit cards online, Axis Bank Ltd. has launched an e-Wallet card, the India-based announced June 29.

In its latest national, monthly report on consumer credit trends, Equifax reports that U.S. consumer credit continues to show signs of improvement as the recovery progresses, even with strong unemployment and housing headwinds.

The percentage of mortgages held by Fannie Mae and Freddie Mac that are 90 days past due or in foreclosure have fallen more than a point in the last year.

Boku Inc. is about to make it easier for consumers to purchase virtual items that might help them better conquer laughing pigs with different kinds of birds on their mobile phones.

Recent stock sales impacted bank issuers differently, depending on why they came to market. But nearly all of them outperformed the KBW Index in the ensuing month, even those suffering heavy dilution.

For most large companies, products and services are what cements a strong reputation. Not so for banks. At least since the crisis, consumers have cared more about the governance of banks. And even more than governance, what they care about now is performance.