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CFPB January 2017 complaint report highlights mortgage complaints, complaints from Tennessee consumers

CFPB Monitor

The report also highlights complaints from consumers in Tennessee and the Memphis and Nashville metro areas. General findings include the following: As of January 1, 2017, the CFPB handled approximately 1,080,700 complaints nationally, including approximately 22,900 complaints in December 2016.

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Today In Digital-First Banking: Goldman's Marcus Debuts Personal Finance Tools; Franklin Templeton’s Singapore Subsidiary Collaborates With Razer Fintech

PYMNTS

Plus, First Horizon National Corp. Tennessee-based regional financial services company First Horizon National Corp. Hotels.com Debuts Loyalty Program Visa Card. Hotels.com has rolled out a Wells Fargo-issued credit card to assist users in accessing rewards. Goldman’s Marcus Adds Personal Finance Management Tools.

Tools 131
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Using Gift Cards To Buy Drugs: How Return Fraud Is Funding The Opioid Crisis

PYMNTS

They say gift cards are the gift that always fits. Thieves simply walk into Walmart, Target, Home Depot, Lowe’s or another big-name retailer, steal an item, return it at a different store without a receipt and receive a gift card in return, which they can then turn around and sell to a pawn shop or secondary store for a lower price.

Fraud 105
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CFPB issues annual fair lending report

CFPB Monitor

One of those actions is an action brought jointly with the DOJ and OCC against Trustmark National Bank (TNB) which alleged TNB engaged in lending discrimination by redlining predominantly Black and Hispanic neighborhoods in Memphis, Tennessee.

Lending 148
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Walmart Curbs Opiate Prescriptions

PYMNTS

The news comes as major retailers like Target , Home Depot , Walmart and Lowe’s have been forced to introduce stricter return, store credit and gift card policies in response to a troubling trend. They can then turn around and sell that gift card to a pawn shop or secondary store for a lower price to obtain cash.

Tennessee 101
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Fifth Third Bank: Business Cash Flow Pains Are Driving Instant Payments Uptake

PYMNTS

Regional banks are following suit: First Horizon National Corporation , a regional FI based in Tennessee, has announced its partnership with a third-party technology provider to grant its treasury clients access to instant disbursement solutions. Instant payments solutions themselves are still on a relatively slow growth curve, but 78.8

Payments 257
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Ohio Lottery Makes A New Bet on Mobile

PYMNTS

Recent days have brought the debut of the “first mobile-enable lottery card” in the state, according to the companies behind the card, Linq3 and Blackhawk Network. The product combines the gift card with the lotto entry, and here’s how it works, according to statement announcing the launch. Lotto and Payment Cards.

Ohio 103