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Connecticut Banking Dept. issues cease and desist order to stop fintech loan finder from operating without small loan license

CFPB Monitor

The Order also directs SoLo to stop enforcing loans made to Connecticut residents and make restitution of any amounts it obtained in connection with such loans together with interest. Some Connecticut borrowers were assessed a late fee equal to 15% of the principal loan amount, which was generally split equally between the lender and SoLo.

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Lawmakers Eye Alternatives To Renter Security Deposits

PYMNTS

Alabama, Connecticut, and New Hampshire representatives say they will follow suit this year with a similar legislative approach. As other changes attract investors to disrupting current rental business models, industry source Apartment List cites rents increasing 36% nationally throughout the 2010s.

Security 139
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CVS To Open 50+ COVID-19 Drive-Thru Testing Sites

PYMNTS

As it works to address the pandemic with testing, CVS Health plans to open over 50 COVID-19 testing sites at designated CVS Pharmacy drive-thru locations throughout Connecticut, Florida, Arizona, Pennsylvania and Massachusetts. CVS Health President and CEO Larry J. CVS Health President and CEO Larry J.

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OpenTable Data Shows Consumers Are Starting To Eat Out Again

PYMNTS

The national decline in restaurant bookings is starting to ease up, according to new data from OpenTable as reported by CNBC. In Florida, Ohio, Georgia, New Jersey, Massachusetts, California and Connecticut, local government rulings have allowed such new tactics to flourish.

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Regional Banks Guide Corporates To Future-Proof Accounts Payable

PYMNTS

As many teams within businesses big and small had continued to rely on paper and manual processes, AP operations were tasked with migrating to a work-from-home environment quickly. Accounts payable (AP) teams and other financial functions of the enterprise were some of the hardest hit by the disruption caused by the global pandemic.

Regional 214
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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.

Industry 157
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A bridge to affordable housing

Independent Banker

Daniel Galindo, pictured, and Doug Schaeffer of Woodforest National Bank helped involve the community bank in providing funding for and access to affordable housing. Name: Woodforest National Bank. Doug Schaeffer, Woodforest National Bank. Doug Schaeffer, Woodforest National Bank. By Aileen McDonough. Assets: $9 billion.

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