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Construction loan and delinquency trends in 2023

Abrigo

WATCH Takeaway 1 An S&P Global Market Intelligence report shows delinquencies leveling off and loans growing in the construction sector. But according to an S&P Global Market Intelligence report, construction loan delinquencies at U.S. How can your institution prepare to grow its construction portfolio? Bank of America Corp.,

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Walmart CEO Pushes To Raise Minimum Wage

PYMNTS

. “The federal minimum wage is lagging behind,” McMillon said at Walmart’s annual shareholders meeting in Bentonville, Arkansas on Wednesday (June 5). The comments came as a surprise, and some have speculated that Walmart’s status as the nation’s largest private employer could create pressure on Congress to act.

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Southern Bancorp is building wealth for everyone

Independent Banker

Darrin Williams, an attorney and former Arkansas state representative, wasn’t interested when Southern Bancorp, Inc. Williams notes that this often occurs in minority and/or economically distressed markets: Some banks might provide deposit accounts for individuals but then deny them a loan. By Judith Sears. Name: Southern Bancorp.

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36 State Attorneys General settle with CarMax over non-disclosure of open safety recalls

CFPB Monitor

Additionally, CarMax is prohibited from directly or indirectly stating in marketing, advertising, or during sale (including vehicle labeling) that a vehicle is “safe” or has been repaired for “safety issues.” . This information must also be displayed on the window sticker for vehicles sold in stores.

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Walmart Pushes Digital Innovation During Investor Day

PYMNTS

Doug McMillon started his presentation for Walmart’s annual investor meeting in Bentonville, Arkansas by saying he wanted to “challenge your thinking about Walmart.” As for the total responses, investors didn’t seem much fazed by the reduced earnings, as shares fell by 2 percent in pre-market trading, but were up 2.1

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This Time, We Want You To Drink The Kool-Aid

PYMNTS

And so, in celebration of national Kool-Aid day – which was technically yesterday, but is being celebrated throughout the weekend (more on that in a second) – we come not to bury Kool-Aid, but to praise it. Apart from being rolled onto the market in Nebraska in 1927, we have a few other fun facts about the fruity, sweet beverage.

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A Deep Dive into the Distribution of the FICO Score Across the US

FICO

So, while the average FICO® Score is increasing over time at the national level, what about at the state or city level? While 31 states (and the District of Columbia) have an average score higher than the national average of 706, we generally see that the Midwest and New England states have the highest average FICO® Scores.