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Another Maryland threat to bank partner model lending

CFPB Monitor

A Maryland administrative action recently removed to the state’s federal district court illustrates how Maryland law continues to present challenges for the bank partner structure used by many lenders. Atlanticus/Fortiva performs all of the collections, servicing, payment and remittance operations in connection with the accounts.

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Retailers Scoop Up Former Toys R Us Locations

PYMNTS

Months after Toy R Us sought to liquidate its holdings in the United States, merchants have taken up space left behind by the toy retailer. Green Street Advisors, a real estate research firm, wrote in a note, “Many Toys R Us leases have significant remaining term at rents that are well below market.”.

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Retail Pulse: Framebridge Opens DC Store; Starbucks Hits 30,000-Location Milestone

PYMNTS

Online brands are stepping into the world of brick-and-mortar, opening their own physical locations to help consumers experience their concepts in real life with the help of digital technology. and Bethesda, Maryland, that will work to mirror the company’s online experience. The 20 largest brands notched a 1.2 Starbucks Coffee.

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CVS Health On Track To Rehab Over 1,000 Stores

PYMNTS

With CVS Health on the path to meeting its goal of revamping more than 1,000 of its stores, the health retailer is reportedly seeing positive early results. CVS rolled out three HealthHUB concept stores in Texas close to the conclusion of 2018 and grew the offering to 50 locations in four markets by the end of last year.

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Mall Outlook Is Cloudy With An Experiential Horizon

PYMNTS

As mall owners start to face the reality of the COVID-19 crisis, they and every non-essential retail segment could use some good ideas for the future. Even in these toughest of times, a University of Maryland professor has taken the issue on and says the current chaos could be a catalyst for change. retail sector.

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Justice Department, SEC Investigating Under Armour

PYMNTS

The company’s 1996 founder Kevin Plank is stepping down in January as chief executive officer (CEO) and will serve as executive chairman and brand chief. Plank was a University of Maryland football player when he founded Under Armour in his grandmother’s basement. for many years. for many years.

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Lidl’s Tactical Retreat In The US

PYMNTS

Small but mighty, German discount grocer Lidl — a brand known for not only its low prices, but also its innovative store layouts and private labels, including clothing — has already gobbled up 3 percent of local market share since the chain came to Winston-Salem, North Carolina, in June 2017. jobs in the next year.

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