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US DOJ Charges 14 With $28M In PPP Fraud

PYMNTS

In Arkansas, a project manager employed by a major retailer has pleaded guilty to bank fraud charges for filing fraudulent bank loan applications seeking more than $8 million in PPP loans. Benjamin Hayford, 32, of Centerton, Arkansas, is scheduled to be sentenced on Nov.

Fraud 276
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Walmart Forms Company To Sell Insurance Amid Healthcare Push

PYMNTS

As it grows its healthcare offerings beyond low-cost clinics and technology to help patients manage their medications, Walmart has formed a new company to sell insurance policies called Walmart Insurance Services LLC. Walmart opened clinics in Springdale, Arkansas and Loganville, Georgia in June.

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Construction loan and delinquency trends in 2023

Abrigo

You might also like this webinar, "How to manage a high-performing construction loan portfolio." WATCH Takeaway 1 An S&P Global Market Intelligence report shows delinquencies leveling off and loans growing in the construction sector. Learn 10 ways construction loan management software can save you valuable time.

Trends 195
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Fear Climbs That Small Banks Are Taking On Too Much CRE Loan Risk

PYMNTS

Bank OZK , the Arkansas lender, saw its stocks plunge late last week after it took a more than $45 million write-down on two commercial real estate loans, stoking fears that small banks in the U.S. You do hear talk in the market that some banks have become really aggressive on some deals.” Five years ago that stood at 15 percent.

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Walmart’s International Omnichannel Expansion

PYMNTS

Far from its headquarters in Bentonville, Arkansas, Walmart is seeking to deliver stronger omnichannel offerings internationally. In terms of selection, Amazon Mexico’s senior product manager, Fernando Ramirez, said earlier this year that the retailer is “committed to offering our clients as many products as we can.”.

Retail 166
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Congress Presses Fed On Real-Time Payments Plan

PYMNTS

That seems like a lifetime in this business,” said Congressman French Hill of Arkansas. lags behind other markets in real-time payments adoption, and look to more advanced services in other markets for best practices. ” The country has an opportunity to learn from other markets like the U.K.

Payments 174
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CFPB, joined by South Carolina Dept. of Consumer Affairs and Arkansas AG, files lawsuit targeting service providers to pension advance products structured as purchases

CFPB Monitor

In filing the complaint, the CFPB was joined by the South Carolina Department of Consumer Affairs (SCDCA) and the Arkansas Attorney General. The CFPB filed a complaint in a South Carolina federal district court against Upstate Law Group LLC. The CFPB filed a complaint in a South Carolina federal district court against Upstate Law Group LLC.