CFPB Monitor

JANUARY 19, 2021

On January 13, 2021, the Illinois legislature overwhelmingly passed SB 1792 (the “Act”), intended to, among other things, overhaul the state’s consumer finance laws. SB 1792 separately amends the Illinois Consumer Installment Loan Act and the Payday Loan Reform Act to apply this same 36% MAPR cap.)

Illinois 60

Illinois Retail Operations Lending 60

PYMNTS

MAY 26, 2020

The owner/operator of 85 shopping centers in California, Colorado and Illinois said shoppers are returning to recently reopened malls, but they’re not lingering, according to a CNBC report. But you can access equity markets [and] public debt markets.

California 185

California Colorado Illinois Resources 185

PYMNTS

FEBRUARY 24, 2020

As reported last week, Bear Down Logistics is no longer working with Amazon, with the firm cutting hundreds of jobs in the wake of that severance, and effectively ceasing operations across five states. Yet, in a competitive market, pay may matter. The last mile … perhaps a seller’s market for now?

Michigan 196

Michigan Illinois Ohio Virginia 196

PYMNTS

MAY 11, 2017

Digital car shopping and vending company Carvana has announced its plans to expand into its first Illinois location in Chicago. Here are the numbers: 25 | Number of markets Carvana now operates in. Car buying just got easier for midwesterners. 7300+ | Number of cars in Carvana’s vehicle inventory.

Chicago 100

Chicago Illinois Data Operations 100

PYMNTS

JANUARY 21, 2020

They will operate under the logo and name of High Times. Illinois, for its part, became the newest state to legalize weed on Jan. At the same time, different state laws make it a difficult space in which to operate. Hightimes Holding Corp. announced it would be bringing a flagship retail store to Los Angeles and Las Vegas.

Las Vegas 131

Las Vegas Los Angeles Illinois Retail 131

PYMNTS

JULY 10, 2020

Open banking comes in several flavors, yet its rise requires robust Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures, Zac Cohen , chief operating officer at identity verification firm Trulioo told Karen Webster in a recent interview. Regulation Vs. Market Forces. However, Cohen said that in the U.S.,

Data 272

Data Innovation Fintech Illinois 272

PYMNTS

OCTOBER 11, 2018

Shares had initially fallen during pre-market trading, but the stock recovered over the morning and was down approximately 1 percent as of 3:31 p.m. retail prescription market. At the same time, the retailer is expanding its trial with Sprint to 80 additional locations that are scheduled to open before year’s end in Illinois and Texas.

Illinois 139

Illinois Retail Florida Texas 139

Independent Banker

APRIL 28, 2016

Goodfield State Bank, chartered in 1920, has decided that sticking to the basics and focusing on niche markets will provide steady asset growth and a reasonable return to our shareholders. They are visionaries and stay involved; at the same time, they don’t meddle in the day-to-day operations of the bank. Chad Martin. By Chad Martin.

Marketing 70

Marketing Illinois Community Lending 70

PYMNTS

JUNE 7, 2017

Data shared by the Chicago cab and taxi drivers union this week revealed 42 percent of the windy city’s cabs weren’t in operation during March, and there’s been a 40 percent revenue decline over the past three years. With Uber and Lyft soaring to new heights in the sharing economy, cab survival is hard to maintain. million to 1.1

Industry 100

Industry Los Angeles Chicago Illinois 100

PYMNTS

NOVEMBER 23, 2020

Figure Pay, he said, with the ability to scan QR codes at checkout, is predicated on the concept of using a blockchain payment rail in lieu of interchange as the network is built out — and across a swath of merchants as large as Walmart and small as localized farmers’ markets (in a type of “barbell” approach) upon initial launch early next year.

National 215

National blockchain Lending Montana 215

PYMNTS

SEPTEMBER 3, 2019

Buses are very expensive to operate and maintain,” she said, adding that not all schools offer ample bus service to the meet the needs of after-school activities. And it can take six to eight months to hire a bus driver.”.

Illinois 160

Illinois Google Meeting Industry 160

PYMNTS

SEPTEMBER 17, 2019

We believe large gaps remain in the state-regulated credit market and more credit challenged consumers will have the most difficult time moving forward with HB 123 products,” Axcess Financial President Doug Clark told the Cincinnati Enquirer earlier this year when the law went into effect.

Ohio 151

Ohio Lending Iowa South Dakota 151

PYMNTS

OCTOBER 23, 2020

In the longer run, the service will grow over the next several months to the grocer’s 570 retail locations throughout California, Illinois, Pennsylvania and Florida. Prime members in more than 2,000 locations can also receive unlimited free, two-hour delivery from Amazon Fresh and Whole Foods Market on orders of $35 or more.

Arizona 170

Arizona Chicago Georgia Phoenix 170

PYMNTS

MARCH 31, 2020

High-level market intelligence about the $18 billion expected to be invested over the next three years is a major focus of the March 2020 Automated Retail Tracker™ from PYMNTS , which serves as a bimonthly breakdown of developments in this rapidly growing business sector. Amazon Go’ Cashless.

Retail 140

Retail Texas Illinois Seattle 140

PYMNTS

APRIL 15, 2020

The market is facing the largest crisis it has experienced yet, however, in the form of the COVID-19 pandemic that is spreading across the globe. The mobile ordering industry has steadily gained steam, with nearly 50 million consumers expected to be using food delivery apps by next year. Mobile Order-Ahead Developments.

Mobile 153

Mobile Fraud Illinois Chicago 153

PYMNTS

JUNE 22, 2020

On the optimistic side Elliot Nassim , president of Mason Asset Management, which co-owns the University Mall in Carbondale, Illinois, says: “We have always felt that the retail industry is evolving, despite what doomsday headlines would have you believe. There are about 1,000 malls — both privately and publicly held — operating in the U.S.

NJ 132

NJ New Jersey Retail Illinois 132

PYMNTS

MAY 31, 2018

These are busy times for the intersection of digital and automotive, with a variety of players trying to get a piece of the market. A Walmart representative said locations will open in Georgia, Illinois, Indiana and Virginia soon, as well as on a microsite on Walmart.com. and autoscout24.de.

Indiana 105

Indiana social media Online Illinois 105

PYMNTS

APRIL 15, 2019

The compound annual growth rate (CAGR) of the global smart vending machine market from 2019 to 2024 is projected to be 12 percent. The approximate number of Illinois residents employed by the vending and convince services industry is 7,000. The expected CAGR of the global transportation ticket vending market from 2019 to 2024 is 3.9

San Francisco 130

San Francisco Retail System New Jersey 130

Independent Banker

APRIL 30, 2022

The community bank uses the Entrepreneurial Operating System, commonly known as EOS Traction, to keep departmental efforts aligned. A: We strategically positioned ourselves to take advantage of the market. We were gaining more market share by calling on all the Realtors. “That served us well during the pandemic.”. A: Technology.

Community Bank 172

Community Bank Community Montana Taxes 172

PYMNTS

JUNE 22, 2016

Not only do real-time analytics improve the customer experience, but they also provide more consistent and compliant operations — just in time as the regulatory requirements of many services and industries are increasing. Joe received a BA in Economics from Lewis University and an MA in Economics from the University of Illinois at Chicago.

Customer Experience 104

Customer Experience Chicago Analytics Big Data 104

PYMNTS

OCTOBER 11, 2017

The service operates out of two 2,000-square-foot industrial spaces and offers only 1,000 products, using artificial intelligence to determine which items to stock and in what amounts based on customer buying trends. Shoppers at the Corner Market can pay with cash, credit, debit and EBT cards. So what is a micro-grocer, anyway?

San Francisco 100

San Francisco Hawaii Illinois Ohio 100

CFPB Monitor

APRIL 7, 2020

to resolve alleged violations by Cottonwood of the CFPA, FCRA, and TILA in the course of marketing, servicing, and collecting on payday, auto title, and unsecured consumer installment loans. The CFPB announced that it has entered into a settlement with Cottonwood Financial, Ltd., million and $286,675.64 in consumer redress.

Idaho 78

Idaho Wisconsin Utah New Mexico 78

PYMNTS

SEPTEMBER 22, 2016

Metromile is ready to rev up, having acquired licenses to operate in all of Uncle Sam’s 50 states, despite currently underwriting policies in only four right now: New Jersey, Oregon, Pennsylvania and Virginia. Metromile has its eyes next on policies for California, Illinois and Washington. How does Metromile work?

Pennsylvania 100

Pennsylvania New Jersey Oregon Policies 100

Independent Banker

SEPTEMBER 22, 2015

Community banks are vital providers of small-business credit because of their extensive local market knowledge and deep customer relationships. In Illinois, a loan participation plan by a community bank “insourced” jobs to the local area from overseas. Treasury program that’s the well-kept secret in small-business lending.

Oregon 70

Oregon Illinois Community Bank Lending 70

PYMNTS

MARCH 21, 2017

If the rules pass as present, long-term might be something of a huge misnomer, since, by even the CFPB’s own in-house estimates, some 85 percent of the nation’s currently operating short-term lenders would be knocked out of business. Which means that the market for short-term lending will also need to become a more data-rich environment.

Lending 100

Lending Regulation Illinois Innovation 100

Independent Banker

JUNE 30, 2022

Looking for an avenue to increase its deposit base, Academy Bank tapped into a market it hadn’t explored before: homeowners associations. We were looking at ways to increase our deposit base and impact the communities we serve,” says Tom Kientz, chief operating officer. One of the very quick things we turned to were HOAs,” he says.

Kansas City 91

Kansas City Kansas FDIC Community Bank 91

Independent Banker

NOVEMBER 30, 2021

Within that tightly knit group, there’s the bank’s leadership team, comprising president and CEO Greg Dennis, chief lending officer Jon Girard, vice president of operations and compliance Kristine Hendrickson, and executive vice president and chief financial officer Michele Boeder. Garlich, vice president and director of marketing.

Community Bank 164

Community Bank Community Texas Leadership 164

CB Insights

FEBRUARY 22, 2018

It also employs 100,000 people and has a complicated web of suppliers and business operations. The World Food Programme used the blockchain to distribute ethereum-based food vouchers that could be redeemed at markets. ILLINOIS GOVERNMENT PILOTING LEDGERS FOR LICENSING. TEPCO INVESTED AND PARTNERED WITH ELECTRON.

blockchain 78

blockchain Illinois cryptocurrency Industry 78

PYMNTS

DECEMBER 24, 2019

For corporate treasurers, Manish Kohli, global head of payments and receivables at Citi , told PYMNTS’ Karen Webster, three concerns tend to top the list: geopolitical uncertainty, cyber threats and disruption resulting from the emergence of new business models in an interconnected global market. Credit Unions Embrace Disruption.

Payments 134

Payments Illinois Mobile Guidelines 134

Independent Banker

JANUARY 26, 2016

A dozen years ago Evan Meadows started a produce market in Odon, Ind., which he still operates. He was seven when he opened the produce market. William Atkinson is a freelance writer in Illinois. A young entrepreneur prefers relationship community banking. By William Atkinson. He’s an entrepreneurial prodigy.

Community Bank 70

Community Bank Community Illinois Regional 70

Independent Banker

MARCH 31, 2022

In many ways, we have always operated with the initiative to become a true advisor to our customers, but in the last few years, it has become a strategic focus to function this way on a daily basis,” says Joe Allen, senior vice president/central market leader. William Atkinson is a writer in Illinois.

Community Bank 91

Community Bank Wisconsin Community Resources 91

NCR

SEPTEMBER 2, 2016

Explaining the need for the liability shift when the plans were announced back in 2012 , group executive for US markets at MasterCard Mike Weitzman observed that in other markets where EMV is already established, there has been a clear pattern of fraudsters shifting their attentions to the least secure channel.

ATM 75

ATM Fraud Cards Illinois 75

CFPB Monitor

AUGUST 5, 2021

Predominately designs, controls or operates the loan program, or. The new Maine anti-evasion provision regarding when a purported agent or service provider will be deemed a lender subject to Article 2 closely tracks the anti-evasion provision in the Illinois Predatory Loan Prevention Act which became effective in March 2021. .

Maine 78

Maine Illinois Operations Payments 78

PYMNTS

JANUARY 31, 2018

Yet some malls are making it big, brining in billions of dollars of sales, CNBC reported, such as the Ala Moana Center in Hawaii, Sawgrass Mills in Florida and Oakbrook Center in Illinois. Beyond Hawaii, GGP is one of the largest shopping center owners and operators in the U.S. The Mall in Hawaiian Paradise. billion deal.

Hawaii 102

Hawaii Retail Connecticut Miami 102

Independent Banker

NOVEMBER 30, 2022

Once we’ve been here for 10 years, we are awarded a three-month paid sabbatical,” says Emilie Johnston, chief operations officer. We don’t operate from a position of fear.”. size businesses and individuals throughout Illinois, Wisconsin, Indiana and Florida. Reasons to stay. Two of us have gotten to take it so far.

Community Bank 169

Community Bank Community Montana Leadership 169

Jeff For Banks

DECEMBER 18, 2014

Open Bank (OTCQB: OPBK) Open Bank commenced operations in 2005 as First Standard Bank in the Koreatown section of Los Angeles. It supports the claim by highlighting its efficiency ratio is in the top 2% of UBPR peers, and its operating expenses as a percent of average assets are in the top 12% of peer banks. Congratulations to them.

North Dakota 88

North Dakota Arizona Minnesota Los Angeles 88

Independent Banker

MAY 31, 2022

Providence Bank chose to open a new brick-and-mortar site during the pandemic, when many other businesses were ceasing operations or shutting down altogether. But with the new location on hold, growing the market in Raleigh would have to wait. There is obviously more business there because of the size and depth of the market,” he says.

Raleigh 91

Raleigh Community Community Bank Lending 91