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HERNDON, Va. – Following four consecutive quarters of more than five-billion electronic payments in each quarter – a first for the ACH Network – overall volume in 2016 amounted to 25.6 billion transactions, according to new statistics released by NACHA — The Electronic Payments Association.

STAMFORD, Conn.—VantageScore Solutions is set to roll out a new credit scoring model that the company claims more accurately measures credit risk.

WASHINGTON—The Consumer Financial Protection Bureau has sued one of the country’s largest nonbank mortgage loan servicers, Ocwen Financial Corporation, and its subsidiaries for “failing borrowers at every stage of the mortgage servicing process.”