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This Week In Retail: Funding, Finance And Tech

PYMNTS

Moving into lending news, U.K.-based Walmart is getting in on the lending game in its own way with the unveiling of an installment loan offering that will allow people to put higher-priced items on a payment schedule. Virgin Islands. Virgin Islands consumers.

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Banking's Top 5 Total Return to Shareholders: 2022 Edition

Jeff For Banks

Founded in 1964, OFG's banking subsidiary, Oriental Bank , is one of Puerto Rico's largest banks, and is focused on the island and the U.S. Virgin Islands. 4 First BanCorp (NYSE: FBP) First BanCorp is a full service financial institution with operations in Puerto Rico, the British Virgin Islands, and Florida.

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More PPP Funds Would Help CDFIs Lend Money To Micro Businesses

PYMNTS

Virgin Islands — offer loan money in times of disaster to businesses that typically can’t get funding from banks. CDFIs — which exist in all 50 states, the District of Columbia, Guam, Puerto Rico and the U.S.

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State AGs criticize CFPB plans to end MLA exams

CFPB Monitor

Section 987(f)(6)) that states the MLA “shall be enforced by the agencies specified in section 108 of the Truth in Lending Act (15 U.S.C. They cite to the MLA provision (10 U.S.C. 1607) in the manner set forth in that section or under any other applicable authorities available to such agencies by law.” Such agencies include the CFPB.

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Democratic House members urge Kraninger to resume MLA exams

CFPB Monitor

Twenty-three Democratic members of the House Financial Services Committee have sent a letter to Kathy Kraninger, the CFPB’s new Director, urging the Bureau to resume examining its supervised entities for compliance with the Military Lending Act (MLA).