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Kentucky enacts licensing requirement for servicers of private and federal student loans

CFPB Monitor

Kentucky recently enacted HB 494 , titled the “Student Education Loan Servicing, Licensing, and Protection Act of 2022,” which will require student loan servicers to be licensed in Kentucky. The Act applies to servicers of private student loans and federal student loans.

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Bitcoin Daily: CoinZoom Crypto Exchange Debuts Visa Debit Card; Wave Financial To Offer Kentucky Bourbon Tokens As Investment

PYMNTS

In other news, Wave Financial has made deal with Wilderness Trail Distillery in Kentucky to tokenize bourbon barrels that are valued at as much as $20 million, CoinDesk reported. Investors will have the ability to buy tokens backed by assets that are connected to a collection of whiskey barreled in 2020.

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Amazon Air Expands In A Bid To Better Manage Shipping Logistics

PYMNTS

billion hub in Northern Kentucky, scheduled to be open in 2021. The new Kentucky location will have capacity for 100 planes. “We In a move to better control shipping and logistics, Amazon has been expanding Amazon Air, with 50 new planes and numerous regional hubs, according to a report by CNBC. The expansion includes a $1.5

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First Financial Expands into Kentucky with Hancock Purchase

Banking Exchange

The $31 million deal will add locations in four counties across the state Management Feature M&A Feature3 Community Banking.

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Former Kentucky Bank CEO Banned by Federal Reserve

Banking Exchange

Carolyn Flynn neither admitted or denied wrongdoing over a loan to a family member Compliance Compliance Management Compliance/Regulatory Feature3 Feature.

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Impossible Foods CFO David Lee Goes To AppHarvest

PYMNTS

As president of AppHarvest, Lee will be in charge of developing strategy and working on managing operations, leading sales, marketing and finance functions as the company continues to grow. The company expects to begin its first harvest from its flagship farm, which is a 60-acre facility growing tomatoes in Morehead, Kentucky, this month.

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1.8M Americans File Unemployment Claims As Pandemic’s Total Tops 42M

PYMNTS

The largest increases in claims for the week ending May 23 were in Maine (11,941), Oklahoma (10,274), Michigan (7,859), Kentucky (6,417) and Oregon (4,913). In contrast, states that saw the biggest decreases were Georgia (65,041), New Jersey (27,324), Kentucky (22,051), Louisiana (11,580) and Pennsylvania (11,172). employers cut 2.76