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 Justice Department Indicts 80 in Massive Online Fraud Scheme

PYMNTS

As reported, many of those indicted are Nigerian nationals. Separately, in Oregon, Portland Public Schools is, according to The Oregonian , “on track” to recover $2.9 Late this past week, on Thursday (Aug. The indictment was unsealed by the U.S. Attorney’s Office for the Central District of California. billion stolen by victims.

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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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A Continued Decline in Housing Inventory

TrustBank

A closer look at the data by metro regions in which Washington Trust Bank primarily operates shows that this decrease in available listings is occurring locally as well. National Home Price NSA Index reported a 13.2% The active listing count by metro region has also declined when compared to the previous 4 year average.

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Shipping Inconsistencies Plague Nonessential eCommerce

PYMNTS

Indie bookstore Powell’s in Portland, Oregon couldn’t guarantee that the order would be processed until seven to 14 days. At half of the total eCommerce volume, its distribution center can deliver on time when operating normally, but the company has committed to an inconsistent set of priorities as necessary in this crisis.

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CFPB announces new appointments to advisory groups

CFPB Monitor

Chi Chi Wu, Staff Attorney, National Consumer Law Center, Boston, MA. Dion Kidd Johnson, President, Chief Operating Officer and Chief Risk Officer, Western Bank, Alamogordo, NM. Amy Nelson, Chief Executive Officer, Point West Credit Union, Portland, OR. Raul Vazquez, Chief Executive Officer, Oportun, Redwood City, CA.

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The Best Checking Accounts in California of 2021

MyBankTracker

City National Bank. This list contains mostly national banks, but these aren’t your only option for opening a checking account. National banks have their perks, but one of the drawbacks is that they tend to offer a single account for every customer across the country. Lower fees than national banks (but not always).

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Disrupting Insurance: The Other Financial Services Opportunity

Tefkin

Take the example of MetroMile based in Portland. Now Metromile is not an insurance carrier and the actual insurance is provided by National General Insurance Company. Their minimal capital requirement for operating was around USD 45M ( [link] ). Alternative to carriers? Creating a new insurer is expensive.