South Carolina enacts Servicemembers Civil Relief Act

CFPB Monitor

On April 26, the South Carolina Servicemembers Civil Relief Act (the “Act”) was signed into law and went into immediate effect. The Act expands servicemember protections in a few important ways: the Act’s definition of “military service” covers members of the South Carolina National Guard who are on active duty (as defined by the statute) for a period of more than 30 days; the Act’s protections extend to dependents of servicemembers engaged in military service; and.

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. In filing the complaint, the CFPB was joined by the South Carolina Department of Consumer Affairs (SCDCA) and the Arkansas Attorney General.

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CenterState, South State plan $3.2B merger

American Banker

Community banking M&A Growth strategies South Carolina FloridaThe deal will create a bank with $34 billion in assets and operations stretching from Virginia to Florida.

CenterState, South State took parallel paths to a merger

American Banker

Florida Community banking M&A Growth strategies South CarolinaThe companies spent much of the past decade completing smaller deals that created complementary footprints in the Southeast.

Moving from Teller Cash Dispensers to Recycling Technology Transformed the Branch Environment at South Carolina's Largest Credit Union

ATM Marketplace

Founders Federal Credit Union prides itself on looking forward to what’s next in banking technology

HCSB in South Carolina Raises $45M, Names New Chief

American Banker

HCSB Financial in Loris, S.C., said Jan Hollar would become its chief executive after a $45 million recapitalization led by Castle Creek Capital Partners. people breaking_news sc dealmaking-strategy community-banking

United Community to Buy Tidelands in South Carolina

American Banker

The deal, expected to close in the third quarter, would set United up to cross over $10 billion in assets, where it would face mandatory stress testing and caps on interchange fees, among other things. breaking_news community-banking m-a ga sc dealmaking-strategy

SC Lawmakers Propose $20 Porn Filter

PYMNTS

In an attempt to crack down human trafficking and explicit online behavior, lawmakers in South Carolina are teeing up a bill that would levy a $20 fee on those who wish to watch internet pornography. The proposed bill , the Human Trafficking Prevention Act, requires computers, tablets and other devices sold within South Carolina to have a mandatory porn filter built into the device. Regulation fine Porn pornography sc sex trafficking South Carolina What's Hot

How ‘old school personal banking’ helped turn Optus Bank around

American Banker

From 2010 to 2018 the South Carolina bank was on the FDIC's problem bank list, but in the last two years it has been profitable. Dominik Mjartan, the bank's president and CEO, explains how technology upgrades and relationship building helped it get back on track. Community banks

Retailers Wary Of Opening As Some States Restart Economies

PYMNTS

are some of the large national chains noting they will not partake in the early phase of reopening in places like South Carolina and Georgia per The Wall Street Journal.

Carolina Financial to Buy Greer Bancshares in S.C.

American Banker

Carolina Financial in Charleston, S.C., has agreed to buy Greer Bancshares in South Carolina. breaking_news community-banking m-a sc dealmaking-strategy

Companies Buy Time To Pay On Imports By Using Slower Shipping

PYMNTS

I’ve heard people having containers literally on the dock in China and then saying they don’t want it,” said James Newsome, CEO of the South Carolina Ports Authority, FT reported. In any other economy, companies that order products overseas want fast shipment.

HCSB Financial in S.C. Freed from Regulatory Order

American Banker

and the South Carolina State Board of Financial Institutions. The $381 million-asset company said its bank was no longer under a consent order with the Federal Deposit Insurance Corp. breaking_news sc community-banking

NRF, RILA Debut Blueprint For Reopening Retail

PYMNTS

were some of the big national chains noting they will not participate in the early phase of reopening in places such as Georgia and South Carolina.

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Publix Debuts Personalized Membership Program With Mobile Payment

PYMNTS

Florida-based Publix has more than 1,200 locations in Florida, Georgia, Alabama, South Carolina, North Carolina, Virginia and Tennessee. To provide a personalized experience to its shoppers, Publix is debuting its Club Publix membership program, according to announcement.

Report Shows US Small Towns Lost 14 Pct Of Banks Between 2012-17

PYMNTS

Allendale, South Carolina, a modest but previously healthy small town, has felt the economic pain of losing multiple bank branches.

Frontline Workers Want More Pandemic Hazard Pay

PYMNTS

Some hospitals want to give frontline workers additional money but can’t afford to since elective surgeries were postponed, said Kathy Dudley Helms, an employment lawyer with Ogletree Deakins based in South Carolina.

Deadline Looms For Five Firms To Return PPP Loans

PYMNTS

Clyburn (D-South Carolina) and the other Democrats on the panel , the letters were sent to Quantum, a California technology company; EVO Transportation and Energy Services, a Phoenix transportation firm; Texas consulting firm Gulf Island Fabrication Inc.;

ABA Chairman Blanton's Bank to Sell for $335 Million

American Banker

South State in South Carolina has agreed to buy Southeastern Bank Financial in Georgia, which is run by Daniel Blanton, the chairman of the American Bankers Association.

SMBs Say US Tariffs On Chinese Goods Are Limiting Imports Of Hand Sanitizer, Disinfectant

PYMNTS

Fabric for hospital bedsheets made by Standard Textile in South Carolina and Georgia can only be found in China, and is subjected to tariffs. . Tariffs on Chinese goods are a major reason the U.S.

Marriott Sees ‘Improving Trends’ In Greater China As Region’s Travel Begins Recovery

PYMNTS

As some beaches reopened last weekend, Sorenson noted that the Ritz-Carlton Bacara in Santa Barbara and the company’s hotels in Hilton Head, South Carolina were expected to attain roughly 50 percent of occupancy based on reservations on the books.

Kohl’s To Reopen Stores In 10 Additional States

PYMNTS

The retailer had opened stores again on Monday (May 4) in South Carolina, Utah, Oklahoma and Arkansas. “We After opening retail locations in four states, Kohl’s said it intends to open stores in 10 more states on Monday (May 11) as it follows a phased approach to retail reopening.

Uber Eats Says Customers Donated $3M To Help Unemployed Workers

PYMNTS

The top five most generous states were Washington, Vermont, Montana, Connecticut and South Carolina, the report noted.

Potential $20M Real Estate Sale Looks To The Blockchain

PYMNTS

In this case, the real estate is located in South Carolina, and is tied to a luxury student residence located near the University of South Carolina known as “The Hub.”. In the digital payments space, it used to be people built holdings of tokens.

Data Shows China Slowdown Much Worse Than China Admits

PYMNTS

The South Carolina company has two Chinese factories. China’s second-quarter economic data shows a 6.2 percent growth; however, economists and investors believe the numbers are worse than what is being officially released, The Wall Street Journal reported. .

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Internal Memo: Simon To Reopen 49 Malls In May

PYMNTS

The properties in Texas, Indiana, Alaska, Missouri, Georgia, Mississippi, Oklahoma, South Carolina, Arkansas and Tennessee will not be limited to curbside-pickup reopening like the ones happening in Texas, the report said.

Walmart Will Test New Healthcare Programs In Bid To Cut Costs

PYMNTS

The company is also going to test a concierge service in North Carolina and South Carolina, where employees will get help finding a provider, fixing appointments, understanding a diagnosis and with billing.

Will the Last CertusBank Employee Please Turn Off the Lights?

American Banker

Lola Hart, who oversaw the liquidation of the controversial CertusBank in South Carolina, has been hired as the chief accounting officer of Entegra Financial in Franklin, N.C. breaking_news consumer-finance dealmaking-strategy strategic-alternatives nc community-banking

Chase Plans Expansion In Top US Markets In 2019

PYMNTS

The new locations will include Charlotte, North Carolina; St. Louis, Missouri; Pittsburgh, Pennsylvania; Kansas City, Kansas and Greenville, South Carolina, among others.

$20M Real Estate Sale Looks To The Blockchain

PYMNTS

In this case, the real estate is located in South Carolina, and is tied to a luxury student residence located near the University of South Carolina. In the digital payments space, it used to be people built holdings of tokens.

When Does An Employee’s Post Go Too Far?

New York's State of Mind

That is the question I have been asking myself since reading this article in the CU Times reporting that MTC Federal Credit Union based in Greenville, South Carolina fired one of its loan officers […]. How much can you, or should you, discipline employees for comments they make on their own social media accounts, like Facebook?

IP Address Fraud Case Shows Ease Of Hiding Identity On The Web

PYMNTS

District Court in South Carolina. The lawsuit against Amir Golestan and his web-services provider firm Micfo is shedding light on the ecosystem that governs the world of online spammers and hackers, a Wall Street Journal article said on Monday (Feb.

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CFPB continues to target pension advance products structured as purchases

CFPB Monitor

CFPB Rolls Out Innovation Regulator Network

PYMNTS

Inaugural members of ACFIN include state attorneys general of Alabama, Arizona, Georgia, Indiana, South Carolina, Tennessee and Utah.

Pawn Shops, Payday Lenders Benefit From Gov’t Shutdown

PYMNTS

The Financial Times pointed to South Carolina-based World Acceptance for one example. The partial government shutdown, which is now in its fourth week with no sign of ending, is helping out at least two industries: pawn shops and payday lenders.