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CFPB issues report on state community reinvestment laws

CFPB Monitor

On November 2, 2023, the Consumer Financial Protection Bureau issued a report on the community reinvestment laws of seven states (Connecticut, Illinois, Massachusetts, New York, Rhode Island, Washington, West Virginia), and the District of Columbia that evaluate the record of state-chartered financial institutions and other lenders in meeting the credit (..)

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Last Labor Report Before Election Shows Drop In US Jobless Claims

PYMNTS

Comparatively, in 2019, the total number of people filing for benefits was 1.4 During the week ending Oct. During the week ending Oct. Unemployment has been high since the pandemic began. Since the week ending March 20, more than 55 million individuals have filed for new unemployment insurance claims.

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Unemployment Filings Top 3.1M Across US

PYMNTS

The highest insured unemployment rates in the week ending April 18 were in Vermont (25.2), West Virginia (21.9), Michigan (21.7), Rhode Island (20.4), Nevada (19.9), Connecticut (18.7), Puerto Rico (17.9), Georgia (17.3), New York (17.2) and Washington (17.1).

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Macy’s Is Hiring 80,000 Employees For The Holidays

PYMNTS

These positions are located in Goodyear, Arizona; Cheshire, Connecticut; Tulsa, Oklahoma; Portland, Tennessee; and Martinsburg, West Virginia, as well as in product-specific fulfillment centers in Sacramento, California; Stone Mountain, Georgia; Secaucus, New Jersey; and Joppa, Maryland.

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Macy’s Eventizes Holiday Hiring

PYMNTS

Those jobs won’t be in stores but in “mega-centers” in Arizona, Connecticut, Oklahoma, Tennessee and West Virginia, with extensions for specific product fulfillment in California, New Jersey and Maryland. This is an increase of 3,000 positions compared to 2015.

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Why US Credit Card Fraud Complaints Are On The Rise

PYMNTS

Nevada and Connecticut also saw high figures for credit card fraud reports. West Virginia, Iowa, Idaho and Kentucky rounded out the top five states with the least amount of reported credit card fraud. Across the U.S., the average number of complaints totaled 18.17 per 10,000 residents. complaints per 100,000 residents.

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OCC outlines risk plan as Northeastern loan growth doubles

Abrigo

The tri-state area (New York, New Jersey and Connecticut) saw the highest growth in the district, an impressive 7 percent. The OCC on Oct. This metric surged from 2 percent as of June 30, 2013, to 4.4 percent as measured on June 30 of this year. This is slightly below pre-financial crisis levels, but denotes a sizable step toward recovery.