Legal & Regulation

Alternative Credit
FTC: Data Broker Sold Payday Loan Data To Scammers For 50 Cents Per Victim
December 29, 2014

A data broker who helped scammers steal millions of dollars from payday loan applicants is the target of a lawsuit filed last week by the Federal Trade Commission. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Legal & Regulation
Judge: Customers Can Sue Target Over Breach
December 24, 2014

A federal judge won’t dismiss a customer lawsuit against Target in the wake of the December 2013 data breach that exposed 40 million payment cards and personal details for 70 million customers, Bank Info Security reported. Get the Full Story Complete the form to unlock...

Silk Road Collaborator Sentenced To Two Years
December 22, 2014

Former Bitcoin Foundation board member and CEO of the now out of business BitInstant  Charlie Shrem has officially been sentenced to two years in prison in connection to activities aimed at helping Silk Road users swap their digital currency for cash. Get the Full Story...

Alternative Credit
What Payments Players Want Under The Tree
December 20, 2014

The end is near!  Well at least in terms of holiday retail is concerned.  As the sun rises on Panic aka Super Saturday, American consumers can be split almost evenly into two groups – those who can congratulate themselves on having already completed their Christmas...

Alternative Credit
Bitcoin Tracker | Week 53    
December 19, 2014

PYMNTS.com Bitcoin Price and Volatility index. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree to...

New York Chief Regulator Cuts Bitcoin Startups Some Slack
December 19, 2014

Unveiling a series of proposed new virtual currency regulations for New York state—which will likely be copied by other states and potentially federal regulators as well—Benjamin M. Lawsky, the superintendent of the New York State Department Of Financial Services, said that virtual currency startups need...

Legal & Regulation
Sprint Faces CFPB Lawsuit Over “Cramming” Fees
December 18, 2014

The CFPB’s crusade against bill packing, wherein consumers bills are laden with charges for services they neither requested nor approved, rolls on, now with telecom provider Sprint as its target. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Cybersecurity
Retail Associations Take Their Concerns To Capitol Hill
December 18, 2014

Five retail trade organizations including the Food Marketing Institute, National Association of Convenience Stores, National Grocers Association, National Restaurant Association, National Retail Federation and the Retail Industry Leaders Association have written to the United States Comptroller of Currency and the Senate Banking Committee to clear...

The Roadmap For Keeping U.S. Payments Secure
December 16, 2014

The U.S. Payments Security Task Force (PST) was established earlier this year and dared to go where no task force has ever gone before: it has created a roadmap for protecting cardholder data at the merchant point of sale. It was a pretty daunting assignment....