Tougher rules governing the payday lending industry, finalized during the last weeks of an Obama-era appointee who led the Consumer Financial Protection Bureau, will remain in place for now after Congress allowed a deadline to overrule them pass without action.
↧
Tougher Payday Loan Rules to Remain in Place, for Now
↧
Wells Fargo Reportedly Altered Customer Docs; Exec Retires
Wells Fargo employees in its wholesale banking business allegedly improperly altered information on documents related to corporate customers, The Wall Street Journal reports.
↧
↧
US Average Mortgage Rates at 7-Year Highs
Long-term U.S. mortgage rates jumped this week, marking their highest levels in seven years amid the peak home buying season.
↧
Chris Roberts to Head Market Operations for Southern Bank (Movers & Shakers)
Roberts will oversee the commercial lending and branch operations of Southern Bank for central Arkansas.
↧
Citizens Bank Promotes Two to Retail Branch Manager (NEA Movers & Shakers)
Melissa Wood has been promoted to retail branch manager for Citizens Bank at the Eagle Mountain branch in Batesville and Scott Shelby has been promoted to retail branch manager in Imboden.
↧
↧
Arkansas Sees 1.1 Percent Increase in GDP
Real gross domestic product grew in 47 states and the District of Columbia in 2017, averaging 2.1 percent nationally, according to the U.S. Bureau of Economic Analysis.
↧
75 Largest Private Companies in Arkansas Combine for $38.9B
Revenue at Arkansas Blue Cross & Blue Shield topped $2.5 billion last year, a milestone achieved by only one other company in the 30 years that Arkansas Business has been ranking private companies by revenue.
↧
Bank Buys Spur Talk in Corner Markets
Down in Ashley County, a Louisiana suitor is pursuing the parent company of Crossett’s First National Bank in a $12.8 million deal.
↧
Bank of the Ozarks Plans Expansion in Ozark
George Gleason could have decided to put a new operations center for Bank of the Ozarks in many cities, from New York to California, and Texas or Florida.
↧
↧
Simmons Bank Gives $2.5M to UAPB for Athletics
Simmons First National Corp. CEO George Makris this morning announced a $2.5 million donation to the athletics program at the University of Arkansas at Pine Bluff.
↧
Simmons Bank Donates Record $2.5M to UABP Athletics
A record $2.5 million gift from Simmons Bank to the University of Arkansas at Pine Bluff athletic program means short-term cosmetic improvements and, hopefully, a long-term competitive edge, officials and coaches said Tuesday.
↧
US Average Mortgage Rates at 7-Year Highs
Long-term U.S. mortgage rates rose this week, continuing at their highest levels in seven years amid the peak home buying season.
↧
Alese Stroud on Why Succession Plans Don't Have to Be a Hard Act to Follow
Alese Stroud, the CEO of Corporate Insight Strategy says the wave of baby boomer retirements could have a huge impact on the state.
↧
↧
Katherine Harris Advances at Citizens Bank (Movers & Shakers)
Katherine Harris has been promoted to assistant vice president and retail branch manager of Citizens Bank in Batesville.
↧
Grown-Up Money (Gwen Moritz Editor's Note)
Nothing I’ve learned from nearly 19 years as editor of Arkansas Business resonates more than this: Wealth and the appearance of wealth are two different things. And yet we fall for appearances over and over again.
↧
Census Says Older Population Surpassing Younger
By 2030, all baby boomers — those born in 1946-64 — will be older than 65, and 1 in every 5 U.S. residents will be retirement age, according to the U.S. Census Bureau.
↧
Truck Centers of Arkansas Sold, Rebranded (NWA Real Deals)
Leslie Doggett Industries of Houston bought Truck Centers of Arkansas this month, paying $103 million for the three-dealership franchise.
↧
↧
401(k) Auto-Enrollment Benefits Employers
Automatically enrolling employees in their 401(k) plans, a trend that’s picking up around the United States, can help companies in several ways, according to employee benefits experts in Arkansas.
↧
Dozens of Arkansas Companies Rank on List of Largest ESOPs
This week Arkansas Business debuts a new list of ESOPs — employee stock ownership plans — ranked by net assets at the end of the most recent fiscal year for which data is publicly available.
↧
Regulators Question Valuations of Acme Holdings' ESOP
The Acme Holding Co. Employee Stock Ownership Plan once was considered a source of pride for Allied Bank. The chairman and CEO of Acme Holding gushed about the ESOP’s value for retirement-minded Allied staffers.
↧