Visa Names Ellen Richey to New Risk Role, Hires New General Counsel
Visa has created a new top post overseeing risk and public policy and named its next general counsel.
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An Indiana man allegedly charged $170,000 in personal expenses to his company credit card before a supervisor discovered the wrongdoing. more »
Discover Financial Service agreed to an $8.7 million settlement of a class-action lawsuit filed in 2012. more »
WASHINGTON — Regulators slammed Bank of America on Wednesday with their toughest enforcement action to date on shady marketing and billing practices for add-on products like identity protection, forcing it to pay $772 million in restitution and fines. more »
WASHINGTON — Bank of America will pay $772 million to settle allegations by two regulators that it engaged in unfair fee collection and marketing related to credit card add-on products. more »
Stepped-up scrutiny of Internet payday lenders, online pharmacies and other merchants that regulators and law enforcement view warily is forcing the payments industry to adapt. more »
Consumers cut back on their credit card use for the second straight month in February but increased borrowing on student loans and auto loans by the largest amount in a year. more »
Hackers who raided the credit-card payment system of Neiman Marcus Group Ltd. belong to a sophisticated Russian syndicate that has stolen more than 160 million credit-card numbers from retailers over seven years, according to people with knowledge of the matter. more »
Credit Karma settled Federal Trade Commission charges that it misrepresented the security of its mobile app and thus failed to secure the transmission of millions of consumers’ sensitive personal information. more »
Breaking into the ultra-competitive credit card market requires time, money and creative thinking. Wells Fargo (WFC) is behind on the first and isn't talking about the second, but is hoping that the third can make up the difference. more »
When an office-supply store sends you a targeted offer for a new printer, the personal data the company uses to tailor its pitch is exempt from numerous consumer protection laws. more »
A growing number of borrowers are paying off their mortgage loans before their credit card debts, reversing a trend first seen in September 2008, according to a TransUnion study. more »
Ontario Systems, a leading receivables management technology and services provider, has announced Chief Compliance Officer Rozanne Andersen will present at the 18th annual National Collections & Operational Risk Conference in Miami next week. more »

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