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

Credit union-bank merger wave reaches Arizona

BankThink

Arizona Federal Credit Union said its deal to buy Pinnacle Bank is the first of its kind in the Grand Canyon State. M&A Consolidations Integrations Arizona

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.

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.

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

Bitcoin “ATMs” Come to Nevada and Arizona

Banking Exchange

What do Circle K convenience stores have to do with Bitcoin? Retail Banking Technology Payments Branch Technology/ATMs Blockchain Fintech Financial Research Feature Financial Trends Feature3. 1Retail Banking

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.

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.

Bank organizers zone in on Arizona

BankThink

De novo banks Community banking Economy Capital FDIC ArizonaAt least six groups are exploring opening new banks in the state, which is enjoying an economic recovery and has a dearth of local financial institutions.

Arizona FCU Announces Planned Acquisition of Pinnacle Bank

Keith Leggett's Credit Union Watch

Arizona Federal Credit Union (Phoenix, AZ) announced it plans to acquire Pinnacle Bank (Scottsdale, AZ). Arizona FCU has almost $1.7 Arizona FCU stated that the acquisition of Pinnacle Bank would grant its member-owners access to additional mortgage services, expanded small business services, SBA financing options and commercial lending services. This is the first transaction of a credit union acquiring a bank in Arizona.

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.

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.

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 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

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.

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.

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.

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 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

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.

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

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

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.

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

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.

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

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

Another state creates tech sandbox as federal agencies tread warily

BankThink

Fintech regulations CFPB OCC Utah Arizona WyomingUtah this week became the third state to let companies test cutting-edge financial products without fear of violating licensing and other regulations.

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.

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.

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.

Another state creates tech sandbox as federal agencies tread warily

Payments Source

Fintech regulations CFPB OCC Utah Arizona WyomingUtah this week became the third state to let companies test cutting-edge financial products without fear of violating licensing and other regulations.

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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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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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.

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

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.

LibertyX expands Bitcoin ATM network into the desert

ATM Marketplace

LibertyX, a company that makes software that enables regular ATMs to dispense bitcoin, has partnered with independent ATM operator Desert ATM to add 90 machines to its network in Arizona and Nevada

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.”