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New York City Council Bans Cashless Food And Retail Stores

PYMNTS

The New York City Council on Thursday (Jan. Applebaum added that communities of color in New York City are more than twice as likely to lack access to a bank and are less likely to host a branch of a bank than the national average. 23) passed a ban on cashless food and retail stores.

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Troubles at NYCB highlight pain in rent-regulated real estate

American Banker

Long Island-based New York Community Bancorp has a large concentration in loans on New York City apartment buildings with rent restrictions. Property values in that sector have tanked amid higher interest rates, inflation and 2019 revisions to state law.

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The community banks standing by hospitality customers

Independent Banker

Many hotels and other hospitality businesses haven’t fully bounced back from COVID-19 travel and safety restrictions, but community banks have been by their side through the challenges. Between the [Trump] administration and Congress and the regulators, they did a terrific job of allowing banks to work with their borrowers,” says Jeff W.

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NYC Renters Fall More Than $1 Billion Behind In COVID Economy

PYMNTS

As the pandemic continues to bash the economy, all too many New York City apartment dwellers simply can’t pay the rent. A new survey conducted by the Community Housing Improvement Program (CHIP), a landlord trade group, focused on apartments under the city’s rent control laws, which includes about half of NYC’s rental units. “The

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The ICBA 22/23 executive committee is all in

Independent Banker

Executive committee members tell us what advocacy issues they’ll be focused on during their terms, while board members share their words of wisdom for up-and-coming community bankers: themselves. To sum it up, these leaders are all in and all heart for community banking. We are not Wall Street banks—we are community banks.

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Wells Fargo Taps Former Mastercard Exec To Run Merchant Services

PYMNTS

26, and she will be based in New York City. Last month, Wells Fargo also added four new executives to its roster. The company revealed that David Kowach has been named head of community banking, while Jim Hays has come on board as president and head of Wells Fargo Advisors. Her first day will be Aug.

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Lawmakers Put Caps On Food Delivery Fees

PYMNTS

On Wednesday (May 13), New York City became the latest city to enact protections for eateries. The City Council approved a 15 percent cap on food delivery fees paid by restaurants to Grubhub, PYMNTS reported. San Francisco, Seattle, Washington, D.C.