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Restaurant Operators On Life Before, During And After COVID-19

PYMNTS

Restaurants are tough businesses to operate, even in the best of times — 60 percent fail within their first year, and 80 percent within their first five. Yi said the impact of COVID-19 caught Zoku Sushi “completely flat-footed” by the nearly overnight shutdown that came to its base of operations in Midtown Manhattan. They went home.

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Connecticut federal court allows CFPB claims to proceed against mortgage company and principals for alleged licensing and other violations

CFPB Monitor

A Connecticut federal district court has refused to dismiss claims filed by the CFPB against a mortgage company and three of its principals for alleged Truth in Lending Act (TILA), Mortgage Act and Practice (MAP) Rule, and Consumer Financial Protection Act (CFPA) violations.

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Today In How We Eat: Drone Deliveries Take Off, Walmart vs Amazon Prime

PYMNTS

According to Walmart, Zipline can operate within a Walmart store and from there within a roughly 50-mile radius, which is about the size of the state of Connecticut. This week, a new partnership was announced with Zipline technology to make on-demand deliveries of select health and wellness products with the potential to expand.

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Lawmakers Eye Alternatives To Renter Security Deposits

PYMNTS

New York, Ohio, and Virginia lawmakers all have introduced security deposit-focused legislation designed to help renters in markets often without designated, affordable and low-income housing. Alabama, Connecticut, and New Hampshire representatives say they will follow suit this year with a similar legislative approach.

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New Bank TNB USA Sues The Fed

PYMNTS

based in Connecticut, is suing the Fed for its inaction on an application to open an interest-bearing account at the New York Fed. Connecticut has granted temporary authorization for TNB to operate as a bank, but it will not provide retail banking services or loans, reports noted. percent.

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Mosaic Brings Frozen Foods Directly To Consumers

PYMNTS

Founded by Blue Apron ’s former Senior Directors of Operations Matt Davis and Sam McIntire, Mosaic’s first line of products boasts six vegetarian bowls: the Tuscan Pesto Bowl, the Greek Jackfruit Bowl, the Peanut Tofu Bowl, the Miso Tempeh Bowl, the Harvest Beet Bowl and the Smoky Southwest Bowl.

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Shellfish Industry Tries DTC Strategy

PYMNTS

Take the Connecticut-Long Island oyster ecosystem on Long Island Sound, which is the body of water that defines the border between the two states. This is the area of expertise for marine biologists such as Karen Rivara, who owns and operates Aeros Cultured Oyster Company on the northern shore of Long Island.

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