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SBA Eyes Fees Paid To Rocket Loans, Contractor In Loan Program

PYMNTS

government's Economic Injury Disaster Loan (EIDL) program, plagued by delays and fraud, has created attention for a firm that netted around $800 million in fees while subcontracting the work out to the nation's largest mortgage lender, The Wall Street Journal (WSJ) reported.

Ohio 271
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Smart Card Alliance opens Washington, DC-area training center

Payments Dive

The National Center for Advanced Payments and Identity Security in Crystal City, Virginia, will be a permanent facility for live educational activities hosted by SCA.

DC 150
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Virginia banks merging in $47 million deal

American Banker

First National has agreed to buy Touchstone Bankshares. The combined company would have more than $500 million each of deposits and loans.

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Amazon, JPMorgan Donate Money To Ease Coronavirus Crisis

PYMNTS

The bank plans to donate $2 million to the COVID-19 Solidarity Response Fund run by the United Nations and the World Health Organization (WHO). that are fighting the coronavirus: ACT for Alexandria , Arlington Community Foundation , Community Foundation for Northern Virginia and the Greater Washington Community Foundation.

Arlington 214
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Amazon Picks Two HQ2s

PYMNTS

Amazon is expected to announce later Tuesday (November 13) that it chose New York City and Northern Virginia as the homes for its second and third headquarters, reported the Wall Street Journal. Both are located directly across from city centers.

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Cyber Insurance Disputes Rise With Attacks

PYMNTS

For example, the National Bank of Blacksburg in Virginia sued Everest National Insurance Company earlier this year after the bank was hit by cyberattacks in 2016 and 2017. The bank claimed $2.4 million in losses under its cyber insurance policy, but the insurer disputed the claim and offered $50,000.

Policies 184
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The Evolving State Of The Restaurant And Delivery Industries

PYMNTS

The 2020 outlook report from the National Restaurant Association illustrates an industry contending with the countercurrents of solid consumer spending and disruptive technology. 2019: The year students at George Mason University in Virginia and Northern Arizona University started getting food delivered by robots.

Industry 142