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CFPB Sues Citizens Bank For Violating Truth In Lending Act

PYMNTS

District Court for the District of Rhode Island. The CFPB said that Citizens Bank neglected to follow the rules for years by failing to properly manage credit card disputes. Citizens Bank reportedly failed to send customers proper notice of billing errors — the required acknowledgment letters or denial alerts.

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Small Building Contractors Shift Gears As COVID-19 Shrinks Business

PYMNTS

president and owner of Energy-One , a heating, air conditioning and oil delivery service firm based in Rhode Island and serving that state and Massachusetts, told Karen Webster that survival is top of mind. I’m not a retailer – and I don’t get paid with a credit card at the end of the transaction.”. Thomas Vessella, Sr.,

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Lending Is Failing To Live Up To 2018’s Great Expectations

PYMNTS

Crediting lower taxes, thanks to the end of the year tax reform bill passed by Congress, regional bank executives saw a sudden and notable pick up in both commercial loan demand and a big jump in spending on credit and debit cards. Many even raised their loan growth and profit outlooks for the coming year. Bancorp said.

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The PayPal Recipe

PYMNTS

From choosing the right partnerships to managing security and hacker threats, the company has, so far, managed to repel any incoming fire. PayPal is also negotiating with banks that issue cards on new products that might promote PayPal. Paul Parisi will be general manager of Canadian operations.

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Waze Introduces Contactless Payments At ExxonMobil, Shell Stations

PYMNTS

Waze, the popular GPS navigation app owned by Google, has introduced contactless payments for ExxonMobil and Shell card holders in the U.S. country manager, in a statement. country manager, in a statement. Founded in 2007, Waze said it had 130 million monthly users as of February 2020.

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Season of Giving: How Financial Brands Are Leaving Their Mark

Social Assurance

As their communities in Massachusetts and Rhode Island neared the Holiday Season last year, Dean Bank was approached by the Town of Franklin to brainstorm ways to bolster the local small business economy. The idea they settled on was to create a closed-circuit gift card program, branded the “ Think Franklin First ” gift card.

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121 Of The Biggest, Costliest Startup Failures Of All Time

CB Insights

. “The general consensus of the employee base is that there was mismanagement of finances,” said one former company executive… The day after the shutdown announcement, one Mode manager of an overseas office described receiving frantic emails from headquarters requesting immediate transfer of all funds and assets back to the US.

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