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Key has big ambitions for its new CDFI partnership

American Banker

The Cleveland-based regional bank recently announced a $20 million line of credit for Lendistry, a Los Angeles-based, minority-led community development financial institution.

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US banks are failing, and the authorities seem unlikely to intervene

TheGuardian

Regional lenders such as PacWest and Western Alliance are not seen as systemically important and more consolidation is ahead Trading halted in shares of two more US lenders as fears of banking crisis mount Shares in two more US regional banks have been suspended.

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Online Car Buying Co Carvana Adds New Financing Option

PYMNTS

The company has teamed up with Regions Bank to provide the possibility of virtual loans to consumers in Texas, the South and the Midwest. . When someone goes to the auto center section of the Regions Bank website, they’ll be routed to a new, co-branded site from the two companies. . and Carvana has next-day delivery in 146 markets.

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Amazon Advances Grocery Store Plans

PYMNTS

grocery stores with locations in Chicago, Philadelphia and Los Angeles. The company has inked over one dozen leases in the Los Angeles area, The Wall Street Journal reported, citing unnamed sources. . The eCommerce retailer is also reportedly eyeing grocery spaces in New Jersey, Connecticut and the New York metro region.

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Bringing Food Oases To Food Deserts With Innovative Pricing

PYMNTS

2019: Year that Everytable expanded into placing smart refrigerators in offices, schools and business in the greater Los Angeles region. Data: $200,000: Approximate amount Everytable storefronts cost to build. 2016: Year that former hedge fund manager Sam Polk started Everytable.

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Remote Tech Employees Face Pay Cuts In San Fran

PYMNTS

Los Angeles and Washington D.C.-Baltimore The lowest-paying regions for G15-grade workers are in the Southwest and Midwest and make around $127,000. The top federal pay location is San Francisco. New York is second, with a G15-grade worker making $146,529. Houston is third, at $145,807. Baltimore follow close behind.

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NAR: High Prices Stifle October Home Sales

PYMNTS

Only the southern region of the U.S. saw encouraging expansion, “although each region achieved year-over-year gains in pending home sales transactions,” the announcement stated. The PHSI measures signed contracts for existing one-family residences. percent higher than in October of last year. . NAR represents over 1.4

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