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DOJ Settles Redlining Claims in Rhode Island

CFPB Monitor

The Department of Justice (DOJ) announced a settlement agreement with Washington Trust Company, of Westerly (WTC) to resolve claims that WTC redlined majority Black and Hispanic neighborhoods in Rhode Island. for its peer lenders, and on average 46.5% for its peer lenders, and on average 46.5%

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Bringing The Farmers Market Online With Apps

PYMNTS

Customers download the app through the Apple App Store or Google Play and sign up for the service and choose the market that suits them. It offers delivery or convenient pickup locations in the community as it has partnerships with breweries, libraries and workplaces. The Products and Vendors.

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Charles Potts: Fueling growth through innovation

Independent Banker

Demand for digital solutions continues to accelerate, making innovation an imperative for community banks looking to excel in today’s evolving market. That’s why ICBA makes innovation a priority and provides community banks with the information and tools necessary to grow and succeed in today’s competitive landscape.

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Bad Actors Emerge in PPP Lending – More Expected as Forgiveness Guidance Emerges

Abrigo

As expected, bad actors are surfacing, and financial crimes divisions of community financial institutions are struggling with the realization that loans rushed through may be fraudulent. In the case of the two men in Rhode Island, there were several red flags pointing to fraud. Industry officials warn it won’t be the last.

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First And Ten: Disrupting The School Sports Uniform Process With Customization

PYMNTS

Even school sports uniforms have been dragged into the digital age, courtesy of a Rhode Island DTC company called SquadLocker. In addition, I’ve spent some time in the sporting goods arena during my career so I had some general market sense. Hopkins brings 30 years of experience to the company.

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Michigan credit unions to merge, NYCB to enact a reverse stock split

American Banker

Bloom Credit Union and West Michigan Credit Union aim to join forces; Long Island-based New York Community Bancorp plans a reverse stock split; Providence, Rhode Island-based Citizens Financial hires longtime California banker to lead its middle-market team; and more in this week's banking news roundup.

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The Digital Evolution Of The Online Gaming Ecosystem

PYMNTS

Late last year, DraftKings reported $213 million in 2019 revenue and control of about 60 percent of the market, indicating that the industry as a whole had revenue north of $350 million – and that’s only counting the direct revenue brought in by wagers. The firm entered the public markets with a valuation of $3.3

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