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US DOJ Charges 14 With $28M In PPP Fraud

PYMNTS

In Arkansas, a project manager employed by a major retailer has pleaded guilty to bank fraud charges for filing fraudulent bank loan applications seeking more than $8 million in PPP loans. Benjamin Hayford, 32, of Centerton, Arkansas, is scheduled to be sentenced on Nov.

Fraud 276
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Walmart’s New Subscription Service Aims To Compete With Amazon Prime

PYMNTS

And while Walmart claims a larger stake in the grocery business than Amazon, the long-standing Arkansas-based retailer fears that Amazon could encroach on that side of the market as people shift to digital during the pandemic.

Arkansas 190
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Will Vroom’s Plan To Bring AI To Auto Sales Mark The Death Of Dealerships?

PYMNTS

After a two-year test drive as a client of market data and analytics firm CarStory, Vroom announced on Tuesday (Dec. Marketing Cars Online. Unity believes the tool will empower the auto industry’s digital marketing professionals to easily create and publish content and interactive experiences.

Louisiana 242
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Fear Climbs That Small Banks Are Taking On Too Much CRE Loan Risk

PYMNTS

Bank OZK , the Arkansas lender, saw its stocks plunge late last week after it took a more than $45 million write-down on two commercial real estate loans, stoking fears that small banks in the U.S. You do hear talk in the market that some banks have become really aggressive on some deals.”

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CFPB continues to target pension advance products structured as purchases

CFPB Monitor

Brokering contracts in which investors took assignments of pensions as security for payment of a debt arising out of a consumer loan. The complaint alleges that the majority of the transactions involved veterans with federal disability pensions or other pensions issued to veterans.

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The Power Problem Holding Back Supply Chain Digitization

PYMNTS

There are, of course, drawbacks to this trend, as businesses with some of the most complex and widespread supply chains grapple with the costs of a technological overhaul, security concerns of connected devices, and more. Digitization is a big trend, and data is the new currency. “But The Chicken-and-Egg Conundrum.

Arkansas 142
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Walmart Thinking Small When It Comes To Tech

PYMNTS

The Walmart Lab 415-C “Technology Innovation Open Call” event is part of the larger 2016 Northwest Arkansas Technology Summit. Expect more in this area as marketers embrace the potential.”. “I can’t wait to see what ideas and inventions we’ll discover!

Retail 100