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CFPB, joined by South Carolina Dept. of Consumer Affairs and Arkansas AG, files lawsuit targeting service providers to pension advance products structured as purchases

CFPB Monitor

The CFPB filed a complaint in a South Carolina federal district court against Upstate Law Group LLC. The CFPB filed a complaint in a South Carolina federal district court against Upstate Law Group LLC. The new lawsuit indicates that the Bureau is also targeting service providers to such companies.

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Chase Plans Expansion In Top US Markets In 2019

PYMNTS

Chase has announced it is expanding its retail footprint into nine of the top American markets, as well as opening dozens of new locations in the greater Washington, D.C The new locations will include Charlotte, North Carolina; St. area, Philadelphia and Boston.

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How Clandestina (Literally) Snuck Into The US Market

PYMNTS

And so, Clandestina exports its ideas — T-shirt designs — to a contract T-shirt printing operation in South Carolina called Frenzy. Frenzy manages printing, packing and shipping. The funds from sales generally do not flow back to Cuba, instead paying for marketing, taxes and payment for future printings.

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Walmart Forms Company To Sell Insurance Amid Healthcare Push

PYMNTS

As it grows its healthcare offerings beyond low-cost clinics and technology to help patients manage their medications, Walmart has formed a new company to sell insurance policies called Walmart Insurance Services LLC. Walmart opened clinics in Springdale, Arkansas and Loganville, Georgia in June.

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Walmart Adds Two Global Governance Leaders To Support Financial Services

PYMNTS

Waddell will provide support and guidance to financial services compliance leaders across all of the company’s operating markets, including Walmart U.S., eCommerce and the compliance teams in its international markets. Rodriguez will provide legal advice and counsel to the company’s financial services teams.

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Fear Climbs That Small Banks Are Taking On Too Much CRE Loan Risk

PYMNTS

You do hear talk in the market that some banks have become really aggressive on some deals.” Meanwhile, David Ellison, a portfolio manager specializing in financials at Hennessy funds, told the FT that assets at Bank of OZK have quadrupled since 2013, with most of it via real estate loans in southern U.S.

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Uber Freight Rolls Out Platform For Shippers To Access Its Network

PYMNTS

21) that it is rolling out a platform to enable shippers to tap into the company’s network and manage shipments from a personal computer. In August, the company announced it was expanding Uber Freight into new markets across the country, as well as introducing personalized load matching.