South Carolina embraces new EWA law
Payments Dive
MAY 23, 2024
This week, South Carolina became the fifth state to enact a law regulating earned wage access providers, but it doesn’t subject them to lending laws.
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EWS launches wallet in South Carolina, Arizona ahead of wider rollout
Payments Dive
FEBRUARY 26, 2024
Launching the Paze wallet will require preloading about 150 million cards, meaning the launch will occur as “more of a ramp up over a few months,” EWS Managing Director James Anderson said.
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South Carolina banker elected chair of ABA’s Community Bankers Council
ABA Community Banking
OCTOBER 23, 2024
Jones is president and CEO of CBL State Savings Bank in Greer, South Carolina. The post South Carolina banker elected chair of ABA’s Community Bankers Council appeared first on ABA Banking Journal. ABA has elected Jennifer Jones as chair of the Community Bankers Council for the 2024-2025 association year.
4 Ways Insurers Can Help Communities Affected by Hurricane Ian
Perficient
OCTOBER 7, 2022
Hurricane Ian slammed into Florida’s gulf coast and Georgetown, South Carolina, on September 28, leaving countless businesses and homes — if not wholly destroyed — drowned with flood water and without power.
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South Carolina enacts Servicemembers Civil Relief Act
CFPB Monitor
MAY 7, 2019
On April 26, the South Carolina Servicemembers Civil Relief Act (the “Act”) was signed into law and went into immediate effect. The Act seeks to “expand and supplement” the federal Servicemembers Civil Relief Act (“SCRA”), and provides that an SCRA violation constitutes a violation under the Act.
United Community in South Carolina to buy ANB Holdings in Florida
ABA Community Banking
DECEMBER 3, 2024
United Community Banks in Greenville, South Carolina, has agreed to buy ANB Holdings in Oakland Park, Florida. The post United Community in South Carolina to buy ANB Holdings in Florida appeared first on ABA Banking Journal.
First Citizens, CIT Group Merger Will Create $100B Bank
PYMNTS
OCTOBER 16, 2020
The merged firm will be headquartered in Raleigh, North Carolina and will operate under the First Citizens name and NASDAQ ticker symbol FCNCA. Among other locations, operation centers will be located in New York, New Jersey, California, Nebraska, Arizona, Florida and South Carolina.
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New York To Sunbelt State Tourists: Stay Home
PYMNTS
JUNE 24, 2020
At the news conference, Cuomo called out several states with surging infection rates whose residents would be included in the quarantine should they travel to the Tri-State area, including Alabama, Arkansas, Arizona, Florida, North Carolina, South Carolina, Washington, Utah and Texas.
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CORO Global Brings Gold Payment App To Alabama
PYMNTS
NOVEMBER 3, 2020
With the approval in Alabama, CORO is now available in the Apple App Store and Google Play store to residents in 13 states: Florida, Alabama, Arizona, Arkansas, Alaska, Delaware, Idaho, Montana, Massachusetts, Oregon, South Carolina, Washington State and Wisconsin.
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SMBs Say US Tariffs On Chinese Goods Are Limiting Imports Of Hand Sanitizer, Disinfectant
PYMNTS
APRIL 12, 2020
Fabric for hospital bedsheets made by Standard Textile in South Carolina and Georgia can only be found in China, and is subjected to tariffs. . It specifically asked for relief for its anesthesia machines with built-in ventilators, which are manufactured in China and can treat coronavirus patients.
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Data: Americans Were On The Road Again Over Holiday Weekend
PYMNTS
JULY 12, 2020
Tubing was canceled in some Texas rivers, and in South Carolina, some beaches did away with firework shows as well. In response to the virus, some state leaders moved to cancel events that would have been staples in normal times, such as California Gov.
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Last Labor Report Before Election Shows Drop In US Jobless Claims
PYMNTS
OCTOBER 29, 2020
During the week ending Oct. Unemployment has been high since the pandemic began. Since the week ending March 20, more than 55 million individuals have filed for new unemployment insurance claims.
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CFPB, joined by South Carolina Dept. of Consumer Affairs and Arkansas AG, files lawsuit targeting service providers to pension advance products structured as purchases
CFPB Monitor
FEBRUARY 26, 2020
The CFPB filed a complaint in a South Carolina federal district court against Upstate Law Group LLC. The CFPB filed a complaint in a South Carolina federal district court against Upstate Law Group LLC.
Discover Serves Up $5M To Bolster Black-Owned Restaurants
PYMNTS
JULY 6, 2020
To launch the program, three Black-owned restaurants have been selected to receive $25,000 each: Back in the Day Bakery in Savannah, Georgia, Post Office Pies in Birmingham, Alabama and Rodney Scott’s BBQ , which has locations in both Birmingham and Charleston, South Carolina.
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Why PayPal just deposited $50 million in a small South Carolina bank
Payments Source
AUGUST 26, 2020
"It's on-demand capital for us," Optus Bank's CEO says of the payment company's deposit. The funds are part of PayPal's broader effort to confront race and income inequality.
South Carolina Homeowners Insurance: How to Shop for the Cheapest Rates
MyBankTracker
MARCH 9, 2021
Homeowners insurance in South Carolina offers protection when something bad happens to your property. But, what does homeowners insurance in South Carolina cover? How Much Is Homeowners Insurance in South Carolina? South Carolina is one of the most expensive states for home insurance.
Cedar Raises $102M For Medical Billing
PYMNTS
JUNE 22, 2020
based Novant is a nonprofit network consisting of more than 1,500 physicians and 15 medical centers in North Carolina, Virginia and South Carolina, according to its 2018 audited financial statements. Cedar also announced what it called an “innovation partnership” with Novant Health. Winston, N.C.-based
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Data Shows China Slowdown Much Worse Than China Admits
PYMNTS
SEPTEMBER 9, 2019
The South Carolina company has two Chinese factories. Eric Pratt, head of global marketing at AVX Corp., an electronic components manufacturer, told the WSJ the data “is telling us nothing good about the China economy.” Pratt said economic indicators prompted his company to cut jobs and production. Germany, and Japan.
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Companies Buy Time To Pay On Imports By Using Slower Shipping
PYMNTS
APRIL 13, 2020
I’ve heard people having containers literally on the dock in China and then saying they don’t want it,” said James Newsome, CEO of the South Carolina Ports Authority, FT reported. What nobody anticipated is how quickly the western economies have gone down…”.
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Retailers Wary Of Opening As Some States Restart Economies
PYMNTS
APRIL 24, 2020
are some of the large national chains noting they will not partake in the early phase of reopening in places like South Carolina and Georgia per The Wall Street Journal. The governor of South Carolina let retail stores start operations again this week at one-fifth of usual capacity or five people for each 1,000 square feet.
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Potential $20M Real Estate Sale Looks To The Blockchain
PYMNTS
NOVEMBER 27, 2018
In this case, the real estate is located in South Carolina, and is tied to a luxury student residence located near the University of South Carolina known as “The Hub.”. Fortune reports that “in the first offering of its kind,” blockchain tokens are being used to buy a piece of real estate.
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Appointments: New Leaders at Citizens, PBCO, Bank of South Carolina
Banking Exchange
JANUARY 30, 2023
Plus: Comerica promotes trio, and CIBC names new head of Canadian banking Management Feature Human Resources Lines of Business Feature3 CSuite
$20M Real Estate Sale Looks To The Blockchain
PYMNTS
NOVEMBER 28, 2018
In this case, the real estate is located in South Carolina, and is tied to a luxury student residence located near the University of South Carolina. Fortune reports that “in the first offering of its kind” blockchain tokens are being used to buy a piece of real estate. The real estate is known as “the Hub.”.
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Sharonview in South Carolina promotes chief revenue officer to CEO
American Banker
NOVEMBER 16, 2022
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Georgia’s Push To Reopen Falls Flat As Consumers Stay Home
PYMNTS
MAY 3, 2020
began to get its early actual data (as opposed to theoretical predictions) as Alaska, Georgia, North Dakota, South Carolina, Tennessee and Texas and all began lifting some of the stricter parts of the social distancing regulations to allow slightly more social mobility, according to CNN. But starting last weekend, the U.S.
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Retail Foot Traffic Dips As COVID Cases Rise
PYMNTS
JULY 6, 2020
The biggest declines in shopping are happening in Mississippi, Texas, South Carolina, Louisiana and Alabama, according to the data. The other 37, plus Washington D.C., are seeing the economy slow down again, and CNBC reported that only eight of those states require masks as a rule rather than a recommendation.
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REV Federal Credit Union gears up for double merger
American Banker
FEBRUARY 26, 2021
Members of two smaller institutions will soon vote on whether to join South Carolina-based REV, boosting its assets by 15% and giving it a foothold in North Carolina.
CEO of Sharonview Federal Credit Union in South Carolina to retire
American Banker
JUNE 6, 2022
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CFPB Rolls Out Innovation Regulator Network
PYMNTS
SEPTEMBER 11, 2019
Inaugural members of ACFIN include state attorneys general of Alabama, Arizona, Georgia, Indiana, South Carolina, Tennessee and Utah. The network will also advance “regulatory certainty” for innovators and stay abreast of changes in the market while helping reduce fraud, discrimination and deception.
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Publix Debuts Personalized Membership Program With Mobile Payment
PYMNTS
MARCH 11, 2020
Florida-based Publix has more than 1,200 locations in Florida, Georgia, Alabama, South Carolina, North Carolina, Virginia and Tennessee. According to the announcement, “Club Publix adds personalization to these digital features with exclusive member perks and personalized content.”.
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First Bancorp hastens South Carolina expansion with $181 million deal
American Banker
JUNE 22, 2022
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SMBs Near Colleges Contend With Future In Flux
PYMNTS
JULY 17, 2020
Clemson, South Carolina swells in size fourfold to approximately 40,000 from 8,000 at the time students at Clemson University come back each autumn. The COVID-19 health crisis has already made almost every college in the country get used to virtual learning earlier this year, CNBC reported.
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151 Fear Climbs That Small Banks Are Taking On Too Much CRE Loan Risk
PYMNTS
OCTOBER 21, 2018
The bank took write-downs on loans secured by a mall property in South Carolina and a residential development in North Carolina, the analyst told the FT. He did note that close to $3 billion in loans were made in New York. The mall has a Sears store as an anchor tenant. Sears declared bankruptcy last week, noted the report.
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Walmart Forms Company To Sell Insurance Amid Healthcare Push
PYMNTS
JULY 8, 2020
The retailer has slowly been entering the healthcare services arena, running approximately 24 low-cost clinics in Texas, Georgia and South Carolina. Walmart, for its part, has been seeking to bring its experience creating retail supercenters and decreasing costs to the healthcare sector.
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CFPB Drops Investigation Into Lender That Donated To Mulvaney
PYMNTS
JANUARY 24, 2018
According to American Banker , the Greenville, South Carolina-based company announced it received a letter from the consumer agency “indicating the investigation into the company’s marketing and lending practices has been completed.” which had been accused of taking advantage of low-income borrowers.
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Marriott Sees ‘Improving Trends’ In Greater China As Region’s Travel Begins Recovery
PYMNTS
MAY 11, 2020
As some beaches reopened last weekend, Sorenson noted that the Ritz-Carlton Bacara in Santa Barbara and the company’s hotels in Hilton Head, South Carolina were expected to attain roughly 50 percent of occupancy based on reservations on the books.
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Credit union-bank mergers approach all-time high
American Banker
SEPTEMBER 4, 2024
REV Federal Credit Union in suburban Charleston, South Carolina, plans to acquire First Neighborhood Bank in West Virginia. It marks the 15th deal this year involving a credit union buying a bank, closing in on 2022's record of 16 deals.
Here is The Math Behind the High-Yield Account
South State Correspondent
JULY 24, 2024
If you bank in a fast-growing state such as Nevada, Utah, Idaho, Arizona, Texas, Florida, or South Carolina, population and business formation growth result in lower acquisition costs. Customers rarely walk into your branch or through digital doors, ready to move the business to you.
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Chase Plans Expansion In Top US Markets In 2019
PYMNTS
MARCH 13, 2019
The new locations will include Charlotte, North Carolina; St. Louis, Missouri; Pittsburgh, Pennsylvania; Kansas City, Kansas and Greenville, South Carolina, among others. The bank said about 30 percent of the branches will be in low or moderately low income communities.
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