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Fed banks analyze consumer use of card promos

Payments Dive

New research from the Philadelphia and Boston Feds finds that consumers are cycling through low APR credit card offers.

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Philadelphia Passes Ban On Cashless Stores To Fight Income Discrimination

PYMNTS

Lawmakers in Philadelphia have passed a ban on cashless stores, making it the first major city in the U.S. The politician who introduced the bill, Philadelphia City Councilman William Greenlee, said he thinks the general move toward a cashless city is discriminatory toward lower income individuals and other marginalized populations.

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Philadelphia Mall Owner Takes Care Of Its Own

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But apparently they’re doing something right in Philadelphia. The Philadelphia Real Estate Investment Trust (PREIT) owns 17 malls surrounding the New York-New Jersey-Pennsylvania corridor, with a smattering of properties near Detroit and Washington, DC.

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Today In Retail News: Philadelphia Mall Reopens, Ralph Lauren Cuts Workforce

PYMNTS

In today’s top retail news, Philadelphia Real Estate Trust reopens its newest property, Ralph Lauren cuts its workforce and Mall of America offers space to local businesses. Philadelphia Mall Owner Takes Care Of Its Own.

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Cash-strapped consumers turn to BNPL: Fed survey

Payments Dive

Consumers facing financial hardships turned to buy now, pay later services more last year than stable consumers, according to survey results from the Philadelphia Federal Reserve Bank.

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Wells Fargo Loses Contract With City Of Philadelphia

PYMNTS

Wells Fargo is trying to move beyond its fake account scandal, but that’s not happening at least in the city of Philadelphia, where the embattled bank lost a big government contract. Officials in the city of Philadelphia said the move to switch payroll providers wasn’t due directly to the scandal, although it did play some role. “We

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Fashion District Philadelphia Attracts More Than 70 Tenants In First Year

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Fashion District Philadelphia garnered more than 70 tenants and an average of nearly 700,000 visitors per open month in its first year, according to a Monday (Sept. 14) announcement.