X nabs Rhode Island, Mississippi money licenses
Payments Dive
SEPTEMBER 7, 2023
The new licenses are aimed at advancing Elon Musk's campaign to expand the social media company formerly known as Twitter into the payments business.
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Payments Dive
SEPTEMBER 7, 2023
The new licenses are aimed at advancing Elon Musk's campaign to expand the social media company formerly known as Twitter into the payments business.
CFPB Monitor
OCTOBER 26, 2023
A Rhode Island federal district court recently refused to enforce a stand-alone class action waiver in the consumer plaintiff’s automobile lease agreement on the ground that it violates state public policy. The court in Metcalfe v. Grieco Hyundai LLC held that the class action waiver contravened Section 6-13.1-5.2
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TheGuardian
SEPTEMBER 27, 2023
Since the company was founded in 1800 in Rhode Island, the bank has never offered its home loan services at a branch location in a majority-Black or Latino neighborhood throughout the state, including in the state capital of Providence, where the vast majority of the state’s Black and Latino population live.
PYMNTS
APRIL 9, 2019
In Rhode Island, there seems to be a groundswell to limit the interest rates that can be charged on card balances, at least in that state. The $870 billion aforementioned tally, the Federal Reserve estimated earlier this month, marks the first time credit card balances reached 2008 nominal peaks.
PYMNTS
MAY 12, 2020
Google and Amazon Web Services are assisting Rhode Island, Kansas, Illinois and New York in processing the unprecedented number of unemployment claims prompted by the coronavirus crisis, The Wall Street Journal (WSJ) reported. Help is on the way for beleaguered states facing a record number of jobless claims.
American Banker
APRIL 17, 2024
The Providence, Rhode Island, company is having discussions with private wealth management teams elsewhere as it seeks to expand its fledgling private bank. In just three months, private banking deposits doubled to $2.4 billion.
The Paypers
MARCH 16, 2020
Rhode Island’s representatives have introduced a new bill aimed at creating regulatory clarity around Bitcoin (BTC) related businesses as well as blockchain innovators.
Payments Source
OCTOBER 17, 2016
states with the announcement that its added a proprietary license in Rhode Island. WorldRemit inched closer to its goal of obtaining its own money transmitter license in all available U.S.
CFPB Monitor
MARCH 4, 2024
Rhode Island, Minnesota, and Nevada have joined the list of jurisdictions considering proposals to legislatively opt out of federal interest rate preemption established under the federal Depository Institutions Deregulation and Monetary Control Act of 1980 (DIDMCA).
PYMNTS
MARCH 15, 2020
In other digital currency news, the state of Rhode Island introduced a bill last Wednesday (March 11) to create a blockchain-friendly business environment to attract digital innovators. “If David Place (R-47) told Cointelegraph.
American Banker
JANUARY 17, 2024
After the Rhode Island-based company eliminated 650 positions, severance-related costs contributed to a 71% decline in quarterly net income.
American Banker
SEPTEMBER 27, 2023
The Department of Justice reached a $9 million settlement Wednesday with Westerly, R.I.-based based Washington Trust over race-based lending discrimination and redlining in the state, saying the bank denied lending services to Black and Hispanic neighborhoods from 2016 to 2021.
PYMNTS
APRIL 17, 2020
A Rhode Island company is facing allegations of falsely claiming to be an authorized lender for the Small Business Association’s (SBA) Paycheck Protection Program (PPP). District Court for the District of Rhode Island, alleged that the company, also doing business as SBA Loan Program and SBA Loan Program.com, and its owner John C.
CFPB Monitor
NOVEMBER 6, 2023
On November 2, 2023, the Consumer Financial Protection Bureau issued a report on the community reinvestment laws of seven states (Connecticut, Illinois, Massachusetts, New York, Rhode Island, Washington, West Virginia), and the District of Columbia that evaluate the record of state-chartered financial institutions and other lenders in meeting the credit (..)
American Banker
SEPTEMBER 11, 2023
After taking incremental steps to bolster its wealth management business, the Rhode Island bank is preparing to roll out a broader strategy focused on high net-worth clients.
The Paypers
AUGUST 31, 2023
US-based X, formerly known as Twitter , has obtained a licence to store, trade, and transfer Bitcoin and other cryptocurrencies.
Bank Innovation
MARCH 5, 2019
Citizens Access, the digital-only arm of Rhode Island-based Citizens Financial Group, has grown to about $4 billion in deposits, mostly from new customers outside the bank's traditional footprint, since its launch in July 2018. If you build it, the optimizers will come.
American Banker
DECEMBER 7, 2023
Once the pace of private equity-backed sales of middle-market companies picks up, the Rhode Island-based bank expects to benefit. CEO Bruce Van Saun says that Citizens' recent expansions in private banking and wealth management will provide opportunities to cross-sell to corporate clients.
Bank Innovation
AUGUST 30, 2018
Keep in mind that we started the rollout earlier this year with Rhode Island (which has a relatively small population) and completed in all markets in June," Betty […]. Bank of America might have 25.3 million active mobile users, but only two million of those users are using the bank's virtual assistant Erica.
The Paypers
OCTOBER 18, 2016
(The Paypers) WorldRemit , a global digital remittances services, has announced that Rhode Island residents can securely send money overseas via its mobile app.
PYMNTS
AUGUST 4, 2020
Consider the roughly 200 Rhode Islanders who recently received tax refund checks signed by Mickey Mouse and Walt Disney. Their signatures took the place of Rhode Island General Treasurer Seth Magaziner and State Controller Peter Keenan ’s John Hancocks, which should have been on the checks.
American Banker
FEBRUARY 8, 2024
The Providence, Rhode Island, company has recruited a head of wealth management advisors and a head of private wealth managers as part of a new strategy to reel in high-net worth clients.
American Banker
OCTOBER 18, 2023
The Rhode Island-based bank is bolstering its cash position in the face of worries about office loans, stricter capital requirements for regional lenders and the possibility of economic shock from overseas conflicts.
American Banker
MARCH 18, 2021
The Rhode Island institution's next CEO has led lending operations at nearby Navigant Credit Union since 2017. ]].
BankInovation
AUGUST 23, 2021
The London-based Finastra’s new client institutions include a mix of banks and credit unions such as the Rhode Island-based Peoples Credit Union, First National Bank of Manchester in Kentucky, and Indiana-based Fowler State Bank. […].
CFPB Monitor
OCTOBER 24, 2023
The Department of Justice (DOJ) announced a settlement agreement with Washington Trust Company, of Westerly (WTC) to resolve claims that WTC redlined majority Black and Hispanic neighborhoods in Rhode Island. for its peer lenders, and on average 46.5% for its peer lenders, and on average 46.5%
American Banker
OCTOBER 27, 2023
Washington Trust shares plunged after the Westerly, Rhode Island, company disclosed it booked an office deal in the third quarter, boosting the size of its portfolio while other lenders are pulling back.
Banking Exchange
FEBRUARY 3, 2020
The Rhode Island-based bank says legal action from the consumer regulator is “unwarranted” and ignores previous remedial work Consumer Credit Compliance Customers Cards CFPB Compliance/Regulatory Consumer Compliance Community Banking Feature3 Feature.
BankDeals
AUGUST 6, 2020
Millbury National Bank's Kasasa Cash and Kasasa Saver are available in Connecticut, Maine, Massachusetts, New Hampshire, New York, Rhode Island, and Vermont.
American Banker
JUNE 12, 2023
The additions allow the Rhode Island bank to expand its wealth management footprint along the East Coast and in San Francisco, where the recently shuttered First Republic was based.
Perficient
FEBRUARY 15, 2022
California, New Jersey, Connecticut, Delaware, Oregon, Illinois, and Rhode Island have announced plans to lift their statewide mask mandates or school mask mandates, and more states have indicated they will revisit mask requirements in the near future. Mask mandates are being lifted across the country.
PYMNTS
JANUARY 11, 2021
Providence, Rhode Island-based Citizens Financial Group is advancing the reach of its national point-of-sale (POS) offering for merchants, renaming it Citizens Pay, the company announced Monday (Jan.
PYMNTS
OCTOBER 29, 2020
During the week ending Oct. Unemployment has been high since the pandemic began. Since the week ending March 20, more than 55 million individuals have filed for new unemployment insurance claims.
Payments Source
AUGUST 9, 2019
Today: Commerz pilots M2M; Postmates deploys robots; Libra encourages new technology; State Farm suffers a breach; Rhode Island issues crypto regulations. The information you need to start your day, from PaymentsSource and around the Web.
PYMNTS
DECEMBER 14, 2020
The expansion includes 10 new states: Georgia, Hawaii, Nevada, New Mexico, Ohio, Oregon, Maryland, West Virginia, Delaware and Rhode Island, according to the release. Meanwhile, Coinme , crypto exchange, and Coinstar have announced in a press release that their number of bitcoin-enabled kiosks nationwide in the U.S.
PYMNTS
DECEMBER 8, 2020
States and territories that currently have COVID-19 travel restrictions include Alaska, Connecticut, District of Columbia, Chicago, Hawaii, Maine, Maryland, Massachusetts, New Hampshire, New York, Pennsylvania, Puerto Rico, Rhode Island and Vermont.
PYMNTS
JANUARY 29, 2021
Sports betting is only allowed in Colorado, Illinois, Indiana, Iowa, Nevada, New Hampshire, New Jersey, Pennsylvania, Rhode Island, Tennessee and West Virginia. . Currently in the U.S., online casino games are only allowed in Delaware, Nevada, New Jersey and Pennsylvania.
PYMNTS
APRIL 9, 2020
The largest decreases were in Nevada, down 20,356; Rhode Island, down 8,047; and Minnesota, 6,678. . The biggest increases for the week ending March 28 were in California, up 871,992; New York, up 286,596; Michigan, up 176,329; Florida, up 154,171; Georgia, up 121,680; Texas, up 120,759; and New Jersey, up 90,438.
PYMNTS
APRIL 24, 2020
This is an election year and several states, including New Jersey, Arizona, South Dakota, New York, Connecticut and Rhode Island, have bills about cannabis legalization on the ballot or might have those bills. That number has advocates for the drug optimistic about its future prospects of legality.
PYMNTS
SEPTEMBER 22, 2020
David Cicilline (D-Rhode Island) ended the hearing by saying the companies “have monopoly power.” Facebook’s Mark Zuckerberg, Sundar Pichai of Google , Apple ’s Tim Cook and Jeff Bezos from Amazon made their case that they face competition and are not violating the nation’s antitrust laws.
PYMNTS
AUGUST 13, 2020
PYMNTS reported that Rhode Island Congressman David Cicilline ended the hearing by saying they all “have monopoly power.” The CEOs of all four of those companies appeared together for the first time in July, and the outcome was not particularly friendly toward the companies.
PYMNTS
JULY 6, 2020
According to ShopperTrek data, the biggest growth in retail traffic has been seen in New Jersey, Maryland, Massachusetts, Rhode Island and New York, CNBC reported. Eleven of those states have a requirement that people wear masks in public. The other 37, plus Washington D.C.,
American Banker
MAY 6, 2020
Prosecutors charge two Rhode Island men with trying to rip off the program; the bank says it has received “inquiries” from state and federal officials on its offering of small business loans.
American Banker
FEBRUARY 9, 2020
The agency's lawsuit against the Rhode Island company — the first involving a bank under Director Kathy Kraninger — has challenged assumptions about its approach to enforcement.
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