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Cannabis Companies Would Be Eligible For COVID-19 Relief Under Bill

PYMNTS

The problem is that cannabis companies in states where the plant is legal are ‘essential workers’ during the pandemic, able to operate even despite the widespread lockdowns. The letter went on to say that cannabis companies legally employ over 240,000 people across the country in the 33 states where it is legal in some form, contributing $1.9

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CVS Returns $43M In Provider Relief Funds

PYMNTS

The Rhode Island-based company, which employs more than 10,000 nurses and provides healthcare services at its MinuteClinics , said it did not request the funds, which were meant to reimburse healthcare providers for expenses or lost revenues related to the COVID-19 pandemic. .”

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House Financial Services Committee to hold March 4 hearing on auto insurance

CFPB Monitor

On March 4, 2020 the House Financial Service’s Subcommittee on Housing, Community Development and Insurance will hold a hearing entitled, “ Drivers of Discrimination: An Examination of Unfair Premiums, Practices and Policies in the Auto Insurance Industry.”. Eric Poe, CPA and Chief Operating Office, CURE Auto Insurance.

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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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How Charitable Giving Boosts Online BNPL Sales, Customer Engagement

PYMNTS

Ninety-four percent of consumers believe companies need to do more than just earn profits — they expect them to give back to social causes in their communities and in the world at large. Charitable donations have also proven to boost sales. eBay reduced its rate of customer attrition by 67 percent simply by supporting nonprofits.

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The Digital Evolution Of The Online Gaming Ecosystem

PYMNTS

RotoGrinders is a website that provides the DFS community with various bits of data, including game-specific weather forecasts. The betting platform – which is managed via DraftKings, which won the competitive bid for the project – has been operating since late December, and saw a spike in activity over the weekend.

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Season of Giving: How Financial Brands Are Leaving Their Mark

Social Assurance

The holidays are a time when communities come together to support each other and celebrate the bonds that bring us together. Through it all, community banking institutions have been there to support their neighbors. Covid-19 impacted every community across the nation and the world. The season of festivities. Give Financially.