New Jersey enacts law capping surcharges
Payments Dive
AUGUST 23, 2023
New Jersey’s governor signed a new law capping credit card surcharges, limiting the amount merchants can charge for processing a transaction.
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Payments Dive
AUGUST 23, 2023
New Jersey’s governor signed a new law capping credit card surcharges, limiting the amount merchants can charge for processing a transaction.
CFPB Monitor
OCTOBER 12, 2023
The Superior Court of New Jersey, Appellate Division in Jennifer Woo-Padva v.
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PYMNTS
MARCH 19, 2019
New Jersey has passed a law banning cashless stores and restaurants, according to reports. New Jersey is the second state to outlaw cashless stores after Massachusetts, which signed a similar bill into law back in 1978. The bill was signed by Gov.
CFPB Monitor
JANUARY 13, 2023
The New Jersey Attorney General recently announced a settlement in its lawsuit against Yellowstone Capital LLC, its parent company, and various subsidiaries and affiliates alleging that the defendants violated the New Jersey Consumer Fraud Act (CFA) and the New Jersey.
Payments Dive
JULY 11, 2023
Lawmakers passed a bill that limits the surcharge a merchant can impose on consumers to the cost of processing a credit card transaction.
PYMNTS
OCTOBER 5, 2018
Among recent developments is the addition of PayPal to the sportsbook operated by DraftKings in New Jersey. Despite the deals with PayPal (in New Jersey), getting money on and off online betting sites isn’t as seamless as gamblers and operators would like,” reads a recent column in The Lines.
CFPB Monitor
FEBRUARY 21, 2023
In 2014, the New Jersey Supreme Court held in Atalese v. Legal Services Group, L.P. that in order to be enforceable, arbitration clauses must contain an express waiver of the parties’ right to seek relief in a court of law. Earlier this month, in County of Passaic v. Horizon Healthcare Services, Inc. Continue Reading
CFPB Monitor
JANUARY 10, 2023
In an unpublished opinion, a New Jersey federal district court has ruled that a plaintiff did not have Article III standing to assert a claim under the Fair Debt Collection Practices Act based solely on her receipt of an allegedly.
American Banker
APRIL 11, 2024
The Federal Reserve Board signed off on Provident Financial Services' acquisition of Lakeland Bancorp. The newly combined bank will be the seventh largest in the state.
CFPB Monitor
DECEMBER 18, 2020
The New Jersey Attorney General recently filed a lawsuit in New Jersey state court against Yellowstone Capital LLC, its parent Fundry.US
CFPB Monitor
DECEMBER 29, 2020
Earlier this month, the Consumer Financial Protection Bureau issued a consent order against a New Jersey debt buyer accused of threatening and suing consumers to collect debts in states where it did not have a legally required license.
American Banker
DECEMBER 29, 2023
The community banking veteran will succeed Thomas Coughlin, who spent nine years as CEO of the Bayonne, New Jersey-based bank.
MyBankTracker
JANUARY 20, 2021
Homeowners insurance in New Jersey can provide the protection you need. But although there are several benefits to buying homeowners insurance in New Jersey, it’s important to understand how your policy works and know how much you might pay for a homeowners insurance policy with the proper coverages. smoke damage.
CFPB Monitor
OCTOBER 9, 2020
Last week, the New Jersey Department of Banking and Insurance (DOBI) announced that it was designating Raghu Kakumanu as the state’s Student Loan Ombudsman. Kakumanu is the first [PERSON] to occupy this role, which was created under New Jersey’s student loan servicer licensing law enacted last year.
CFPB Monitor
MARCH 21, 2019
On March 7, New Jersey Attorney General Gurbir S. The complaint alleges that these practices violated the New Jersey Consumer Fraud Act, the New Jersey Motor Vehicle Advertising Regulations, the Automotive Sales Regulations, and the state Used Car Lemon law and regulations.
BankInovation
AUGUST 28, 2020
According to the Mendix 2020 Software Developer Drought Index, counties in New Jersey, South Dakota and Mississippi have the largest gaps between tech jobs and available talent. “The Tech hiring is no longer confined to Silicon Valley.
American Banker
SEPTEMBER 15, 2023
Commercial real estate loans are a growing area of concern for banks. But OceanFirst says its exposure to a troubled shared credit tied to a Manhattan office building isn't a sign of broader problems in its portfolio.
Payments Dive
NOVEMBER 28, 2022
Fiserv “has given us no indication that (the company has) any change of plans in New Jersey,” said Tim Sullivan, CEO of the state’s Economic Development Authority.
Perficient
FEBRUARY 26, 2021
of New York State’s Superintendent’s Regulations which provides for an annual fee adjustment, based upon the increase in the consumer price index (CPI) of the New York – Northern New Jersey – Long Island, NY – NJ-CT-PA area for all urban consumers. Interestingly, New Jersey has a different percentage.
American Banker
DECEMBER 29, 2020
Last year, the Pennsylvania Credit Union Association and the New Jersey Credit Union League merged to form the CrossState Credit Union Association, and now the foundations of the two groups are combining.
Payments Dive
JANUARY 18, 2023
The supermarket operator teamed with tech firm Trigo to open an autonomous convenience store at its New Jersey corporate campus.
PYMNTS
JUNE 24, 2020
With coronavirus infection rates soaring in the Sunbelt, the governors of New York, Connecticut and New Jersey are teaming up to slap a 14-day quarantine on travelers from states where the deadly virus is spiking. New York Gov. Andrew Cuomo, New Jersey Gov. Phil Murphy and Connecticut Gov.
CFPB Monitor
SEPTEMBER 23, 2019
Last week, New Jersey Attorney General Gurbir Grewal took the lead in pursing two actions against the U.S. This is the third letter sent by the New Jersey attorney general to the Department related to similar changes.
American Banker
DECEMBER 19, 2019
The company will pay $94 million for a bank with operations in New Jersey's Somerset and Morris counties.
American Banker
AUGUST 14, 2023
The Canadian bank committed Monday to lending and investing over $2 billion in the Garden State's lower-to-middle income communities over the next three years. A $50 billion, multi-state agreement was scrapped earlier this year after TD failed to get approval to buy First Horizon Corp.
PYMNTS
FEBRUARY 6, 2018
A&P named its concept Warehouse Economy Outlet — or “Where Economy Originates” — and opened its first location in Pennsauken, New Jersey, in 1971. With warehouses in New Jersey, Dallas, Las Vegas and Atlanta, Boxed delivers bulk items such as toilet paper and pet food to consumers’ front doors.
CFPB Monitor
AUGUST 7, 2019
On July 30, 2019, Acting New Jersey Governor Sheila Oliver signed into law SB 1149 , which requires student loan servicers to be licensed, creates an Office of the Student Loan Ombudsman within the NJ Department of Banking and Insurance, imposes various requirements, and prohibits certain conduct. Licensing requirement.
Payments Dive
DECEMBER 18, 2018
Public transit systems in New Jersey, New York, Chicago and other major metropolitan areas are converting their systems to accept contactless payments, which experts say will reduce costs and help improve ridership.
American Banker
MARCH 13, 2024
Peapack-Gladstone's wealth unit is pursuing an ambitious de novo expansion in New York and perhaps elsewhere because M&A has become expensive as private equity money has inflated seller expectations.
American Banker
JULY 7, 2023
The acquisition of Malvern Bancorp, expected to close this month, would hasten First Bank's efforts to further fortify its footprint stretching from Philadelphia to New York City.
PYMNTS
DECEMBER 13, 2019
New Jersey is the first state lottery to authorize lottery courier services formally, enabling the placement of orders via a mobile app, according to an announcement from the company. . Players in New Jersey can place orders in the app for favorites like Powerball, Mega Millions, Cash4Life, and New Jersey’s Pick-6.
Bank Innovation
MARCH 30, 2020
For one community bank in New Jersey, its digital overhaul came at a crucial time, and Provident Bank has been pushing its digital capabilities to customers during the novel coronavirus pandemic since revamping its online banking earlier this month.
American Banker
DECEMBER 21, 2023
Provident Financial in Iselin initially anticipated completing its deal for Oak Ridge-based Lakeland Bancorp in the second quarter. Now as it waits for regulatory approval, Provident says the process will stretch into spring 2024.
Banking Exchange
JUNE 10, 2020
Cross River Bank’s partnerships with more than 30 fintech companies has enabled it to loan more than PNC, US Bank and Trust Community Banking PPP Covid19 Feature Financial Trends Duties Feature3 The Economy.
American Banker
FEBRUARY 15, 2024
Investors have hammered the New Jersey-based lender following the turmoil at New York Community Bancorp. But Valley executives say there are key differences between the two real estate-focused banks, and they express confidence that the bank's underwriting will hold up again this cycle.
PYMNTS
DECEMBER 27, 2019
With blackjack and roulette on mobile phones, the growing market for online sports wagering in New Jersey has introduced gamblers to virtual casino games. Mobile betting, however, is only allowed in five: New Jersey, West Virginia, Iowa, Pennsylvania and Nevada per earlier reports.
CFPB Monitor
OCTOBER 30, 2023
The New Jersey Attorney General (NJAG) and the Federal Trade Commission (FTC) recently announced settlements in concurrent actions against Sollers College, a for-profit college, its parent company, Sollers, Inc.,
PYMNTS
JULY 2, 2020
Robert Menendez (D-New Jersey) and Kevin Cramer (R-North Dakota) have introduced a bipartisan measure that would forbid merchants from declining cash payments from customers as businesses promote contactless digital payments amid the COVID-19 health crisis, CNBC reported. D-New Jersey) last year. If two U.S.
PYMNTS
NOVEMBER 9, 2020
Good news for restaurants, physical retail — and consumers — but bad news for delivery apps, quick-service restaurants (QSRs), streaming services, and apparently bitcoin, although many expect this dip to be temporary, reported CoinDesk. Meanwhile, New Jersey Sen.
PYMNTS
MARCH 12, 2020
As New Jersey and New York limit the number of people at events because of COVID-19 fears, the governor of New York said meetings of over 500 individuals would not be allowed following Friday evening with some exclusions. Carnegie Hall and The Metropolitan Museum of Art, for their part, have shuttered in New York City.
Bank Innovation
DECEMBER 7, 2017
EXCLUSIVE — Payments technology company Mastercard has partnered with New Jersey-based bank, Cross River, to debut its “Mastercard Cash Pick-Up” service, the bank announced today. Cross River is the first bank to […].
PYMNTS
NOVEMBER 15, 2020
FactorForYou operates in California, Florida, Illinois, New Jersey, New York, Ohio and Texas. Factorforyou.com is based in Brunswick, New Jersey. Factoring companies buy the receivables of businesses and then set about collecting the owed funds or re-selling the obligations.
American Banker
JANUARY 25, 2021
Flush with capital from issuing subordinated debt, Peapack-Gladstone is exploring acquisitions in Florida and New York in an effort to generate more fee revenue.
PYMNTS
MAY 14, 2018
New Jersey was the ringleader of the effort, though it did enlist support from 17 other states and three additional state governors. “Today’s ruling will finally allow for authorized facilities in New Jersey to take the same bets that are legal in other states in our country.”
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