Arizona Considers Accepting Tax Payments In Cryptocurrency

PYMNTS

Two years after legislators in New Hampshire decided that they would not allow their citizens pay their taxes with bitcoin, the Arizona state legislature is mulling a bill that would pave the way for people to pay their Arizona taxes with cryptocurrencies, Coindesk reported. Arizona State Rep. Bitcoin Arizona bitcoin cryptocurrency new hampshire News What's Hot

Arizona Autonomous Vehicle Tests Build On World’s Fair Legacy

PYMNTS

And not everyone in Arizona can hitch a ride with the vehicle: Waymo said in a Medium post that it was opening up to “early riders from our research program” before it slowly rolls it out to other riders, with safety as a factor in the speed of the launch.

Arizona de novos slow to materialize

BankThink

De novo institutions Capital Community banking ArizonaSeveral groups have gone public with plans to start a bank since the state enacted a law to make it easier, but none have actually filed with the FDIC.

Uber Self-Driving Car Kills Arizona Pedestrian

PYMNTS

Uber ’s self-driving car in Tempe, Arizona, struck and killed a pedestrian Sunday night (March 18), marking the first known fatality of a pedestrian by an autonomous vehicle. Some incredibly sad news out of Arizona,” wrote Uber CEO Dara Khosrowshahi on Twitter on Monday (March 19), according to the WSJ. “We’re

Waymo Trials Rides For Shoppers In Arizona

PYMNTS

To offer shoppers rides in self-driving vehicles, Alphabet ’s Waymo is starting a trial run for Walmart customers in Arizona. Beyond Walmart, Waymo is working with DDR Corp to provide diners and shoppers with rides to a shopping center in Chandler, Arizona. Though most testing takes place in California, those operations also are conducted in Arizona, Texas, Georgia, Michigan and Washington State.

Arizona AG announces more fintech sandbox participants

CFPB Monitor

In August 2018, Arizona began accepting applications for its regulatory sandbox that “enables a participant to obtain limited access to Arizona’s market to test innovative financial products or services without first obtaining full state licensure or other authorization that otherwise may be required.” At the end of last week, the Arizona AG announced that two more participants, Grain Technology, Inc. CFPB Monitor FinTech State CFS Monitor arizona sandbox

BOK rebranding in Arizona, Colorado in wake of CoBiz purchase

BankThink

Community banking Integrations Branding Branch banking Oklahoma Colorado ArizonaThe regional bank is putting its corporate stamp on branches in the two states.

Arizona Trouble Leads Uber To Scale Back On Self-Driving Vehicles

PYMNTS

The announcement came after a autonomous vehicle was involved in an Arizona crash. Following the crash, Uber is pressing pause on testing its self-driving vehicle fleet in Arizona while the accident remains under investigation. When the California Department of Motor Vehicles revoked the registrations for Uber’s self-driving cars, Uber relocated to Arizona for testing, as there are less rigorous permitting requirements.

Groups aims to open first post-crisis bank in Arizona

BankThink

Community banking Capital Growth strategies De novo banks ArizonaOrganizers of Scottsdale Community Bank plan to raise a minimum of $16 million.

Arizona fintech sandbox starts accepting applications

The Paypers

(The Paypers) Arizona has become the first state in the US to create a “regulatory sandbox” program to facilitate the development of financial products and services

Democrat on House banking panel wins Arizona Senate race

BankThink

Election 2018 Regulatory relief SIFIs Finance, investment and tax-related legislation House Financial Services Committee Senate Banking Committee ArizonaKyrsten Sinema, D-Ariz., crafted a moderate message and will head to the Senate after having backed legislation providing banks with regulatory relief.

Arizona’s regulatory sandbox is open for play

CFPB Monitor

On August 3, 2018, Arizona began accepting applications for its regulatory sandbox that “enables a participant to obtain limited access to Arizona’s market to test innovative financial products or services without first obtaining full state licensure or other authorization that otherwise may be required.” In March 2018, Arizona’s Governor signed into law legislation directing the state’s Attorney General to create the sandbox.

CFPB taps Arizona official to lead innovation office

BankThink

Paul Watkins served as chief counsel for the Arizona AG's 150-person civil litigation division and also headed up the office's fintech initiatives. Fintech regulations Enforcement Small-dollar lending Payday lending Mick Mulvaney CFPB Arizona

Arizona AG digs his sandbox

ABA Community Banking

First state effort explained by top lawyer. California regulator down on sandboxes Management Financial Trends Technology Fintech. 1Technology

This week’s podcast: Arizona’s Fintech Sandbox and Facilitating Innovation

CFPB Monitor

We talk with Evan Daniels, Fintech Counsel in the Arizona Attorney General’s office, about Arizona’s first-in-the-nation Fintech sandbox and how it is being used to drive innovation in consumer financial services. We also discuss how the CFPB’s current push to encourage innovation interacts with state efforts, such as those in Arizona. FinTech arizona

Second group aims to form de novo bank in Arizona

BankThink

De novo banks Community banking Capital ArizonaOrganizers of Gainey Business Bank, a bank planned in Scottsdale, received approval from the state's banking regulator to raise capital while completing a charter application.

Alaska USA Expands Presence in Arizona

Keith Leggett's Credit Union Watch

The Phoenix Business Journal is reporting that Alaska USA Federal Credit Union (Anchorage, AK) recently paid $17 million for a 2-story, 185,000-square-foot office building in Glendale, Arizona. The article notes that Alaska USA has about 11,000 members in Arizona. Alaska USA operates in Alaska, Arizona, California, and Washington.

Arizona creates nation's first testing ground for fintech

BankThink

Fintech regulations Fintech Blockchain Digital currencies Small-dollar lending Underbanked ArizonaThe new law, which is modeled on a similar effort in the United Kingdom, aims to lure financial firms to the desert. It has drawn support from business organizations but opposition from consumer groups — a dynamic that is likely to be replayed in other states.

Arizona State CU Sponsors Northern Arizona University Athletics

Keith Leggett's Credit Union Watch

The Northern Arizona University Athletics Department announced a five-year partnership with Arizona State Credit Union, beginning July 1, 2015. The Credit Union will serve as the Gold Sponsor for all ticketed athletic events. This partnership will run through 2020, with an option to extend for another five years at that time. No information was disclosed on the cost of the partnership. Read more. Sponsorships

Glacier Enters Arizona with TFB Bancorp Acquisition

American Banker

will enter Arizona after buying TFB Bancorp in Yuma. Glacier Bancorp in Kalispell, Mont., breaking_news womenin-banking community-banking m-a mt az dealmaking-strategy

Alaska USA Adds Underserved Area in Arizona

Keith Leggett's Credit Union Watch

The National Credit Union Administration (NCUA) in October approved Alaska USA Federal Credit Union's addition of 413 underserved census tracts in Maricopa County, Arizona. million residents in Maricopa County -- further growing the credit union's presence in Arizona. Alaska USA currently operates in four Western states -- Alaska, Arizona, California, and Washington.

How the Payments Industry Failed a Major Arizona Grocery Chain

Payments Source

Arizona's largest independent grocery chain, was certain it was prepared for the October 2015 EMV liability shift. Bashas' Inc., After all, it had begun purchasing terminals for all of its 1,400 checkout lanes a year in advance. security retail-acquiring technology risk-analytics

Colorado, Arizona OK board compensation

CU Insight

Colorado and Arizona recently joined the growing number of states that allow state charted credit unions the controversial option of compensating board members. Arizona’s law also allows credit unions to pay committee members.

BofA settles debit fee case with Arizona ex-prisoners

Payments Source

A suit alleges former inmates in Arizona's state prison system were charged $15 fee for teller-assisted transactions, compared with other customers who were charged nothing. Debit cards Payment fees Bank of America

A quick look at the Arizona fintech sandbox

CU Insight

Like most sandboxes in the tech world, the Arizona fintech sandbox is geared toward securely testing new software. The post A quick look at the Arizona fintech sandbox appeared first on CUInsight.

Best 55 Fun Things to Do & See in Tucson, Arizona – Activities & Attractions

Money Crashers

Its 520,000 city-proper inhabitants and 1 million metro area denizens more than secure its status as Arizona’s second-largest city and metro. It’s home to the main campus of the University of Arizona, one of the… Best 55 Fun Things to Do & See in Tucson, Arizona – Activities & Attractions is a post from Money Crashers. Tucson is an interesting place.

Cost-cutting banks find oasis in Arizona desert

BankThink

A mix of tax sweeteners and a lower cost of living has prompted banks such as MUFG Americas, Northern Trust and Bank of the West to locate corporate-level jobs in Phoenix and surrounding areas. Regional banks Expense management Compliance Tax breaks

Kroger Rolls Out Unmanned Vehicles For Grocery Delivery

PYMNTS

In an effort to tackle grocery delivery, Kroger announced that it has begun to use autonomous vehicles in Arizona. Retail Arizona Autonomous Car delivery grocery Kroger News Nuro Robots What's Hot

CFPB December 2016 complaint report highlights debt collection complaints, complaints from Arizona consumers

CFPB Monitor

The report also highlights complaints from consumers in Arizona and the Phoenix metro area. Findings regarding complaints from Arizona consumers include the following: As of December 1, 2016, approximately 23,300 complaints were submitted by Arizona consumers of which approximately 64 percent (about 15,000) were from Phoenix consumers. Barbara S. Mishkin. The CFPB has issued its December 2016 complaint report which highlights complaints about debt collection.

Is Arizona FCU $3 Per Month Membership Fee Legal?

Keith Leggett's Credit Union Watch

If the assessment of a monthly membership fee is illegal, NCUA should require Arizona FCU to cease and desist from this practice. It should also require Arizona FCU to reimburse all monthly membership fees paid by members. A 1993 National Credit Union Administration (NCUA) legal opinion letter would suggest that a monthly membership fee may be illegal.

Trump immigration crackdown hurting small banks on border

BankThink

Community banking AML Trump administration Texas California ArizonaHeightened regulatory scrutiny and a slowdown in commerce have raised concerns about the viability of doing business along the U.S. Mexico border.

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Arizona FCU Charging a $3 Monthly Membership Fee

Keith Leggett's Credit Union Watch

DepositAccount.com is reporting that Arizona FCU is charging members a $3 per month membership fee. The fee started in January of this year; but is waived for members under age 18 and for Representative Payee accounts. In other words, almost all adult members pay this fee. I wonder what the Move Your Money crowd thinks about this fee.

Nearly 100 Pizza Huts To Test Beer Delivery

PYMNTS

Brands’ Pizza Hut is bringing beer delivery to approximately 100 of its restaurants in California and Arizona. The new rollout will include cities such as Tucson, Prescott and Winslow in Arizona, and Los Angeles, Bakersfield, Sacramento and Santa Barbara in California. Delivery Beer Delivery News Pizza Hut Pizza Hut Arizona Pizza Hut California Pizza Hut Delivery Retail What's HotAs restaurant operators seek to bolster sales in the face of weak traffic growth, Yum!

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Best 46 Fun Things to Do & See in Phoenix, Arizona – Activities & Attractions

Money Crashers

Once you… Best 46 Fun Things to Do & See in Phoenix, Arizona – Activities & Attractions is a post from Money Crashers. Most non-Arizonans are surprised to learn that Phoenix is the fifth-largest city in the United States, behind only New York, Los Angeles, Chicago, and Houston. It’s fair to ask how such a massive – and growing – settlement sprang up in a parched, sun-baked valley near the northern fringes of the Sonoran Desert.

Study: Financially Self-Sufficient Millennials Are Happier

PYMNTS

The Arizona Pathways to Life Success for University Students (APLUS) project has followed the same group of young adults from their first year in college through adulthood to measure how financial capability relates to happiness. Rowe Price Ted Beck Univeristy of Arizona What's HotA 10-year study by the National Endowment for Financial Education shows that millennials who are no longer relying on mom and dad for financial help are more confident and happier overall.

Phoenix Welcomes Online Alcohol Delivery Startup, Drizly

PYMNTS

Boston-based eCommerce alcohol delivery startup Drizly has announced its next location in Phoenix, Arizona. ” News Retail alcohol alcohol delivery Arizona delivery delivery startup drizly e-commerce phoenix What's HotPartnering to deliver alcohol from local liquor stores that include Lucky’s Liquor, Gary’s Liquor and Chandler Liquors, Phoenix residents will now be able to order and receive alcohol delivery from these retailers.

Bank Of America Facing Lawsuit Over Debit Card Fees For Prisoners

PYMNTS

Bank of America is facing a lawsuit in Arizona from prisoners who contend they are being forced to become customers of the bank because they are given a BoA debit card that also has high and unusual fees. Daria Brill, the lead plaintiff in the case, argues Bank of America preys upon people as they are getting released from Arizona prisons. “BofA is the exclusive provider of debit cards issued to Arizona inmates upon their release from an Arizona corrections facility.”

Western Alliance CEO Robert Sarver to retire in March

BankThink

Ken Veccione, who rejoined the Arizona company earlier this year, is set to succeed Sarver. Community banking Succession planning Growth strategies Arizona

Two new Republicans added to Senate Banking Committee

BankThink

Election 2018 Regulatory relief Senate Banking Committee North Dakota Arizona NevadaKevin Cramer, R-N.D., and Martha McSally, R-Ariz., will fill the two GOP vacancies in the new Congress.

Western Alliance brings back former president with succession in mind

BankThink

The Arizona company said Kenneth Vecchione would be a candidate to eventually replace CEO Robert Sarver. Succession planning C-suite Growth strategies Arizona

Why this asset management firm is seeking deposit insurance

BankThink

Community banking Asset managers Deposit insurance Deposits FDIC ArizonaAssetMark Trust plans to offer a product for the $1 billion in cash it holds for clients.

Fintech needs more regulatory 'sandboxes'

BankThink

Fintech regulations Fintech Financial regulations Arizona IllinoisAlthough there's often a tension between regulation and innovation, the sandbox concept can help startups, regulators and incumbent banks better navigate experimental financial technologies.

USAA to cut 265 jobs in its real estate and mortgage lending divisions

BankThink

Layoffs Career moves Originations Real estate USAA Texas Arizona FloridaUSAA will be eliminating 265 home sales and lending positions, but it already has offered nearly 100 of the affected workers different jobs within its mortgage unit.