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Ruby Tuesday Files For Bankruptcy, Will Close 185 Locations

PYMNTS

Under the reorganization, the company said it plans to close 185 locations, which leaves the franchise with 236 operating restaurants. This latest announcement follows a private-equity buyout in 2017 by NRD Capital Management. We intend to move through the process as quickly as possible,” Lederman said.

Tennessee 163
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US Inches Toward Open Banking With CFPB Notice

PYMNTS

The solution, which secured about 20,000 SMBs to pilot the technology in the last year, provides deposit account and payment solutions that aim to compete with traditional banks that, as CEO and Co-founder Eyal Lifshitz described, "nickel-and-dime" businesses. First Horizon Bank Adopts NCR Technology. CFPB Seeks Open Banking Guidance.

US 203
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Carvana Stock Falls Short On First Day Of IPO

PYMNTS

Founded in 2012, the Phoenix-based company sells cars through its website and operates automated towers that store cars in U.S. cities, such as Austin and Dallas in Texas and Nashville, Tennessee. Wells Fargo Securities, LLC, Bank of America Merrill Lynch, Citigroup Global Markets, Inc. and Deutsche Bank Securities, Inc.

Nashville 128
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The top-performing community banks of 2021

Independent Banker

Cumberland Security Bank, Inc. First Security Bank of Deer Lodge. First Community Bank of Tennessee. Underlying BankVista’s success has been a management philosophy focused on open debate about how to improve, Freeman adds. Michael Bartkoski, executive vice president and chief operating officer, NBKC Bank.

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CFPB Sets Sights on Data-Security Practices

Fintech Labs Insights

Earlier this month, the CFPB announced a consent order in its “first data security action.” The announcement sends a clear message that the CFPB now has its sights on data-security practices. As a result, we’re likely to see a significant increase of regulatory scrutiny in the data security arena in the upcoming months.

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Banking's Total Return Top 5: 2013 Edition

Jeff For Banks

versus 68.5%, respectively) and its operating expenses as a percent of average assets compared to peer banks (1.66% versus 3.09%, respectively).So, So, as a branchless bank, BofI has leveraged its significantly lower operating expenses into profit. The branchless community bank operates in the Wilmington-Philadelphia market.

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Ascend Federal Credit Union On Protecting The Benefits Of ITMs

PYMNTS

One FI deploying ITMs on a wide scale is Tennessee-based Ascend Federal Credit Union , which first began this initiative in 2014. But by extending our operating hours and centralizing the management of our tellers, ITMs are the solution that we chose [instead].”. Keeping ITMs Secure. The Advantages Of ITMs.

ATM 154