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Fraudsters Accused In $364M Ponzi Debt Scheme

PYMNTS

The indictment, which was unsealed on Tuesday (September 18) in a federal court in Baltimore, charged the men with conspiracy, wire fraud, identity theft and money laundering. At least 400 victims in the Baltimore area, Virginia and in Texas were impacted, said Gordon Johnson of the Federal Bureau of Investigation’s Baltimore Field Office.

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Bringing In Future Residents With Pop-Up Hotels

PYMNTS

Travelers can pay by credit card and receive an email confirmation when they make a reservation, for example. Its new hotel in Baltimore, for example, includes a rooftop pool area. Smith (predecessor to JBG SMITH Properties), Working Lab Capital, Mitchell Schear and others. A ‘Hosted Hotel’ Experience.

Arlington 101
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Who were ICBA’s Top Lenders of 2022?

Independent Banker

Two years ago, Lead Bank and Self expanded the program to include a secured credit card. Since the successful Credit Builder Account participants end the program with $1,000 in the bank, they have the cash to secure the card. More than 500,000 customers have received secured cards through the program. First Capital Bank.

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The Global Bike-Share Boom: Dockless Models Look To Solve Urban Commutes & Transit Access

CB Insights

Dockless systems require less hardware for securing and managing inventory, translating into lower capital costs, expanded geographical reach, and lower costs for consumers. Uber partnered with JUMP (formerly Social Bicycles) for urban bike-share, while Lyft partnered with the city of Baltimore’s Bike Share program.

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Retail Fizzles, Alipay Sizzles — And Burger Wars Reignite On Mobile

PYMNTS

Fizzle: Chinese cross-border deals: With new regulations in place limiting cross-border capital flow, the dry-up is already here for Chinese firms buying companies outside the mainland, especially in the United States. Scrutiny, industry-wide, of who charges how much, for what and when is likely in the cards.

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