Remove Community Remove National Remove New Jersey
article thumbnail

SBA Struggling To Meet Demand For Relief Loans

PYMNTS

So far, $50 billion across 178,000 loans have been approved according to Larry Kudlow, the director of the National Economic Council. Further, community banks are nearly out of cash. Bankers and businesses, however, said very little money has been dispersed. . It also takes hours to reach SBA officials for assistance. .

Meeting 217
article thumbnail

Today In Retail: L’Occitane’s US Division Files For Chapter 11; AutoFi Rolls Out Division For Corporate Clients

PYMNTS

Plus, a new Federal Reserve Bank of New York study finds that individuals anticipate that the economy will rebound by next year. division has filed for Chapter 11 bankruptcy in New Jersey. From Community Hubs To In-Store Theater, Retailers Double Down In Digital At NRF. L’Occitane’s U.S.

Retail 239
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Community Banks Voice Frustration With Core Tech Providers

PYMNTS

Community banks are voicing their frustration with what they say is a lack of competition in the market for corporate bank technology providers, reports in The Wall Street Journal said Thursday (April 11). Community banks say their services are often too expensive and can sometimes be delayed.

article thumbnail

DOJ announces settlement of redlining lawsuit

CFPB Monitor

The Justice Department announced that it has entered into an agreement with Lakeland Bank to settle the DOJ’s claims that Lakeland engaged in unlawful redlining in the Newark, New Jersey metropolitan area. According to the DOJ , the settlement represents the third-largest redlining settlement in the DOJ’s history.

article thumbnail

Valley National Bank, heavy on CRE, is confident despite investor worry

American Banker

Investors have hammered the New Jersey-based lender following the turmoil at New York Community Bancorp. But Valley executives say there are key differences between the two real estate-focused banks, and they express confidence that the bank's underwriting will hold up again this cycle.

article thumbnail

Starbucks Opening Two New Locations To Boost Minority Business

PYMNTS

Starbucks announced that it will open stores in Dallas, Texas and Trenton, New Jersey as part of its program to invest in at least 15 underserved communities across the nation by 2018. According to Chain Store Age , the store in Dallas will open in spring 2018, while the one in Trenton will open later this year.

Dallas 124
article thumbnail

New Jersey’s $5B American Dream Mall To Reopen In October

PYMNTS

The wait is over for shoppers who have missed the $5 billion American Dream Mall in East Rutherford, New Jersey. The news follows the reopening of the shopping center’s indoor ski park Tuesday (Sept. Last week, New Jersey Gov. On Thursday (Sept. 1, NorthJersey.com reported.