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Citi To Bolster Business Lending In Europe With New Staff, Offices

PYMNTS

billion, Reuters reported, with new offices and staffers in multiple Western European nations by the conclusion of this year. Citi overall has operations in 55 EMEA nations; however, its commercial banking unit has offices in just 15 with 21 further nations served from locations like London, Dubai and Dublin.

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Community Banks Voice Frustration With Core Tech Providers

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Community banks are voicing their frustration with what they say is a lack of competition in the market for corporate bank technology providers, reports in The Wall Street Journal said Thursday (April 11). One bank, New Jersey-based Millington Bank, would owe $4 million to FIS if it sold itself, the WSJ said, citing court documents.

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Caesars Puts Stake In Online Betting Co DraftKings

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Caesars Entertainment announced that it has reached an agreement to offer DraftKings , the leading sports-tech entertainment brand in the country, providing market access for its online gaming products. The access is exclusive to Caesars locations across select states where the company operates casino properties. and Australia. .

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Popular Bank Named Among First Investors of NWK FAM Fund

PopularBank

The new investment vehicle aims to economically empower Black and Latinx business owners throughout the City of Newark. NWK FAM Fund Seeks to Narrow the Wealth Gap in New Jersey. According to a recent study , the state experiences one of the worst racial wealth gaps in the nation. Michellene Davis. John Harmon.

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CFPB Cracks Down On Deceptive Lender Who Targeted 9/11 First Responders

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The consumers included former National Football League players suffering from neurological disorders, victims of the Deepwater Horizon oil rig disaster and 9/11 first responders. The CFPB wants to prevent Top Notch, owner Rory Donadio and his business associate John “Gene” Cavalli from offering or providing such products in the future. “We

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Santander Gets Hit With Fine Due To Overdraft Practices

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According to the CFPB, the telemarketing vendor Santander contracted with deceptively marketed the overdraft service to consumers and signed them up without getting their consent. We will put a stop to any such unlawful practices that harm consumers.”.

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Philadelphia Mall Owner Takes Care Of Its Own

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“The experience of the mall CMBS [commercial mortgage-backed security] from Starwood is certainly symptomatic of the larger narrative,” said Christopher Sullivan, chief investment officer of United Nations Federal Credit Union, as reported in Yahoo! But apparently they’re doing something right in Philadelphia.