  A payment processor and two of its principals are banned from processing electronic payments under a settlement with the Federal Trade Commission, which resolves charges that they debited, or tried to debit, millions of dollars from tens of thousands of consumers' bank accounts without their consent.
The FTC's action against Automated Electronic Checking Inc. (AEC) and its principals, John P. Lawless and Kenneth Mark Turville, is part of its continuing efforts to protect consumers in financial distress.
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ADP announced the results of a new research study conducted by CFO Research, in collaboration with ADP, that shows 89 percent of senior finance executives rank compliance as a priority. However, managing compliance is becoming increasingly difficult - 73 percent expect the complexity of new regulations to make the task more resource-intensive over the next two years.
