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LAKE FOREST, Ill.—While auto lending is expected to hit the accelerator again in 2021, one economist warns it still could be a rough ride for the product.

WASHINGTON—The owners and operators of a vast payday lending scheme that overcharged consumers millions of dollars will be permanently banned from the lending industry under the terms of a settlement with the Federal Trade Commission, the agency reported.

WASHINGTON—The Federal Trade Commission has reached settlements with four defendants charged with helping to launder millions of dollars in credit card charges through fraudulent merchant accounts.

WASHINGTON– A new trade association around consumer credit repair has been formed. The American Association of Consumer Credit Professionals (AACCP) has been formed, in part, it said, because an estimated one-in-five credit reports contains an error.

WASHINGTON—The Federal Communications Commission (FCC) has released a notice announcing the deadlines for service providers to start sharing information with the commission's reassigned numbers database.

PURCHASE, N.Y.—Mastercard has debuted a new service to boost transparency for users’ purchases online, the company said.

NEW YORK—American Express is tweaking the rewards on its Gold Card as the company strives to hold onto affluent customers.

ST. PETERSBURG, Fla.–The sixth week of 2021 was “strong” for debit and credit card purchases by credit union members, according to the latest analysis released by PSCU.