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RESPA, HMDA violation fines hit Arkansas' Bank of England

American Banker

Originators misled VA refinance applicants into believing they could skip two months of mortgage payments, the Federal Deposit Insurance Corporation said.

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CFPB, joined by South Carolina Dept. of Consumer Affairs and Arkansas AG, files lawsuit targeting service providers to pension advance products structured as purchases

CFPB Monitor

In filing the complaint, the CFPB was joined by the South Carolina Department of Consumer Affairs (SCDCA) and the Arkansas Attorney General. The CFPB filed a complaint in a South Carolina federal district court against Upstate Law Group LLC. The lawsuit is not the first enforcement action by the Bureau against brokers in this industry.

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Mexico Blocks Walmart’s Plans To Buy Cornershop

PYMNTS

Mexican antitrust regulators blocked Walmart’s plans to buy delivery app Cornershop, according to a report by Reuters. Because of that, regulators didn’t allow the deal to go through. CEO Greg Foran showed off three Ford delivery vans with self-driving technology to reporters outside its supercenter in Rogers, Arkansas.

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Walmart Divests Of Shoes.com, Bare Necessities Brands As Part Of Digital Streamlining

PYMNTS

27) that the Arkansas-based retail giant is scrapping Shoes.com and Bare Necessities, the intimate apparel brand. government regulators.”. Walmart is selling two of its online brands in a continuing goal to concentrate on its website. Bloomberg reported Thursday (Aug. We believe a potential relationship with TikTok U.S.

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Tuition, Digital Disbursements And The Paper Chase

PYMNTS

Colleges have had the ability to issue grants and refunds via ACH for 20 years, but government regulations insist on the tangible, tactile paper check as payment mode of choice despite its well-known weaknesses — lack of speed and security, plus an error-prone nature.

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The banks serving active duty personnel

Independent Banker

Under Larry Wilson’s leadership, First Arkansas Bank and Trust’s branch on the Little Rock Air Force Base was named the 2020 Air Force Bank of the Year. Noemi Gallardo and Larry Wilson of First Arkansas Bank and Trust pose in front of a C-130 display plane at Little Rock Air Force Base, where the bank operates a branch.

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Blue Apron Hit With Employee Labor Lawsuit

PYMNTS

State regulators have already fined the California facility for multiple health and safety violations during the corresponding time in the lawsuit. According to court documents filed by the company, the number of employees represented in the suit, covering between 2014 and 2018, is at least 2,805 and could cost the company over $5 million.