CLEVELAND, July 26 /PRNewswire/ -- Today's announcement by Forest CityEnterprises Inc. on its sale of 12 assisted living properties to AtriaSenior Living Group raises serious concerns about care and staffing atthese facilities. But today's sale is about more than real estate. Atria Senior Living is one of the nation's largest assisted andindependent living companies. Seniors and their loved ones rely on thesefacilities for safe, quality care. Yet a recent report by the Campaign toImprove Assisted Living and SEIU Healthcare reveals a nationwide trend ofserious resident care problems including medication errors, low staffing,residents wandering away, and inadequate emergency planning. In fact, Atriahas been cited more than 1,000 times for serious resident care problems. The report, the first of its kind in the industry, showed a completepicture of the problems at this for-profit chain. Residents have reportedpaying thousands of dollars a month for their small rooms, yet low staffingand care problems persist. The sale properties, operating under the name of Sterling Glen, include11 facilities in the greater New York City area and one in Florida. AtriaSenior Living is based in Louisville, KY and owns or operates more than 120assisted- living communities in 27 states. The Campaign is calling for Atria to make a real investment infront-line care by staffing-up, increasing worker training, and loweringworker turnover. Representatives from the Campaign are available for comment. A copy ofthe report is available at
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BNY estimates the market for stablecoins, tokenized deposits and other assets will reach a combined value of $3.6 trillion in four years, while Standard Chartered says the entire banking industry will soon be "tokenized." The trend is creating pressure to update strategies and technology.
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The payments fintech recently introduced AI agents to its lineup of products banks and credit unions can pick from and add to their existing technology stacks.
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Haiqu's new encoding technique allows quantum computers to process high-dimensional financial data, showing improved performance in spotting anomalies.
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The Virginia-based bank had been an example of what can go wrong when banks partner with fintechs. After being released from an OCC enforcement action, Blue Ridge is now focused on operating as a traditional community bank, said CEO Billy Beale.
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The payments company is expanding the transfer app in an effort to entice more consumers to use the service as their primary banking relationship
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Customers of fintechs like Yotta and Juno, who in some cases lost their life savings, may start to get reimbursed out of the agency's Civil Penalty Fund, but no timeline has been announced for repaying them.
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