By Credit and Collection News Staff The Federal Trade Commission has reached a proposed $12 million settlement with payment processor Humboldt Merchant Services, alleging that the company knowingly—or consciously avoided knowing—processed payments for more than 1,000 shell merchants used in ...

Advances Chime’s vision to become the leading consumer technology company built to bank mainstream America Bank subsidiary to add foundational piece to Chime’s vertically integrated platform Expected to be immediately accretive to Chime’s EPS, with more than $100 million in ...

Nine Navy Federal Credit Union members have voluntarily dismissed their claims in a proposed mortgage-discrimination class action, ending—for now—a closely watched lawsuit that had survived a key appellate ruling earlier this year. The dismissals remove the named borrowers from the ...

WASHINGTON — Federal Housing Finance Agency Director Bill Pulte has directed Fannie Mae and Freddie Mac to immediately allow all mortgage lenders to use VantageScore 4.0, expanding a limited rollout and giving the government-sponsored enterprises’ seller-servicers a broad alternative to ...

By Obas Esiedesa, Abuja ABUJA — The Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, has clarified that the Midstream and Downstream Gas Infrastructure Fund, MDGIF, is not responsible for collecting gas flare penalties, following concerns raised in the 2023/2024 ...

Article content Norfolk County residents who are tardy paying their water and wastewater bills could be hit with extra fees. At a council-in-committee meeting on Wednesday, councillors approved user fees to cover costs when the municipality has to send out ...

The conversation around AI and subprime lending has moved from whether it will affect the business to when it will have an even bigger impact. Model governance, third party auditing, and state-level rules are all under active discussion in Washington, ...

By Credit and Collection News Staff More than one in seven Irish residential electricity customers were behind on their bills through July, highlighting a worsening affordability challenge that could deepen as suppliers impose new price increases ahead of winter. The ...

Scammers are reportedly pasting fraudulent QR-code stickers over legitimate parking-meter codes, steering motorists to fake payment websites that can capture card data, account credentials and other personal information, the Federal Trade Commission warned. The scheme turns a routine parking payment ...