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New York Governor’s Proposed TED Bill Includes Sweeping BNPL Legislation

CFPB Monitor

After promising earlier this year to “establish nation-leading regulations for the Buy Now Pay Later loan industry,” New York Governor Kathy Hochul took a significant first step in that direction by including Buy Now Pay Later (“BNPL”) legislation in her Proposed 2024-2025 Transportation, Economic Development and Environmental Conservation (“TED”) (..)

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New York Governor’s 2024 consumer protection agenda targets “unfair and abusive” business practices and BNPL

CFPB Monitor

In remarks to the press and public on January 2, 2024, New York Governor Kathy Hochul announced “a sweeping consumer protection and affordability agenda”, including proposed actions to “strengthen consumer protections against unfair business practices” and “establish nation-leading regulations for the Buy Now Pay Later loan industry”.

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Dime in New York launches national deposits group

American Banker

The new team at Dime Community Bancshares intends to attract funding from an array of niche business segments, including medical billing, so-called death care services and hedge funds.

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New York City Council Bans Cashless Food And Retail Stores

PYMNTS

The New York City Council on Thursday (Jan. Applebaum added that communities of color in New York City are more than twice as likely to lack access to a bank and are less likely to host a branch of a bank than the national average. 23) passed a ban on cashless food and retail stores.

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New York Venture Bank Seeks National Bank Charter

PYMNTS

New York Venture Bank, a new financial institution (FI) created by big names in the financial services industry, has applied for a national bank charter. The new FI is looking to provide commercial banking products and services to businesses in New York and other markets in the U.S.

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OCC Releases CRA Evaluations for 16 National Banks and Federal Savings Associations

Perficient

Capital One, National Association. Guaranty Bank & Trust, National Association. Modern Bank, National Association. First National Bank of Pulaski. The First National Bank of Middle Tennessee. Citizens National Bank of Texas. First National Bank of Brookfield. First National Bank.

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New York Indoor Dining Will Likely Be Halted If Hospitalizations Don’t Stabilize

PYMNTS

Amid growing COVID-19 hospitalizations in New York, officials are revising indoor dining guidelines to include new restrictions if the rate doesn’t stabilize. The Christmas season could end up igniting the spread of the coronavirus beyond Thanksgiving’s acceleration, Fauci said at a news briefing held by New York Gov.

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