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Wells Fargo Shut Out Of Illinois Bond Business; Chicago May Follow Suit

PYMNTS

The Wells Fargo fake account scandal has resulted in more fallout for the beleaguered bank — this time, with Illinois announcing a ban on bond and investment work with Wells Fargo. According to a report , Illinois Governor Bruce Rauner’s administration said it won’t include Wells Fargo until further notice.

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Sageworks to host 2015 Risk Management Summit in Chicago

Abrigo

Following three successful years in Nashville, Tennessee, the 2015 Risk Management Summit heads to a new city this September. Bank and credit union executives and leading industry experts will convene September 23-25 in Chicago, Illinois, for the premier banking conference covering the ALLL and stress testing. Blog Bank Credit Union'

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North Lane, daVinci Payments Finalize Merger; Form Syncapay

PYMNTS

Pennsylvania-based North Lane manages client, staff and business payouts and disbursements throughout the Fortune 500, while Illinois-based daVinci Payments provides business funded payments.

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Amazon Air Expands In A Bid To Better Manage Shipping Logistics

PYMNTS

and this year it’s opening regional hubs in Texas, Ohio, and expanding one in Illinois. “Versus what we estimate Amazon paying UPS and FedEx: about $8 or $9 per box today … and given Amazon’s scale, that could be a couple of billion dollars at least in savings.”. Right now, Amazon Air has airplanes at 21 airports around the U.S.,

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Software Company Salesforce Offers System For COVID-19 Vaccine Rollout

PYMNTS

San Francisco-based Salesforce has officially launched its “Vaccine Cloud,” a technology package designed to help manage the rollout of the COVID-19 vaccines. The company pointed to Northwell Health in Illinois, the University of Massachusetts Amherst and Gavi , the Vaccine Alliance.

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Illinois enacts law to fund income share agreements; distinguishes them from loans

CFPB Monitor

Illinois’ Democratic legislature recently passed, and its progressive Democratic Governor, J.B. Education loan” means “a loan made to a borrower in accordance with this Act to finance an Illinois resident student’s attendance at an institution of higher education.”. billion based on the state’s 2018 annual report.

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As Biometrics Advances, Laws And Regulations Try To Catch Up

PYMNTS

But the laws and regulations governing biometrics have yet to catch up to the reality of their use, and that’s perhaps most apparent when it comes to two recent, high-profile cases in Illinois. The Illinois Biometric Information Privacy Act , commonly known as BIPA, not only stands as the strictest biometric privacy law in the U.S.,

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