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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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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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Walmart Revs Up Second Test Program For Drone Delivery

PYMNTS

The latest news has Walmart launching a drone delivery operation near the company’s headquarters in Northwest Arkansas. Walmart said in a news release that the trial deliveries will use Zipline technology. Zipline will operate from a Walmart store and can service a 50-mile radius, which is about the size of the state of Connecticut.”.

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

PYMNTS

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. 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.

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Citigroup Ponders Suburban Satellite Offices 

PYMNTS

The Philadelphia-based private real estate investment management firm owns buildings in northern New Jersey as well as in Stamford, Connecticut. Inquiries have come from media companies, law offices and technology firms. There’s an overwhelming number of employees that need mass transit to access the urban environment,” Huffman said.

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US Lawmakers Seek Investigation Of Zoom’s, TikTok’s China Ties

PYMNTS

the video technology company, and TikTok, the Chinese video-sharing social networking service, Reuters reported. GAAP income from operations for the quarter was $23.4 Department of Justice (DOJ) Thursday (July 30) to investigate Zoom Video Communications Inc., million, compared to $1.6

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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.

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