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CA DFPI brings first enforcement action against a debt collector and debt buyer for violating the state’s Consumer Financial Protection Law

CFPB Monitor

The DFPI’s Desist and Refrain Order and Order Assessing Penalties (totaling $375,000) charges F & F Management Inc. (F&F)

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CA Lawmaker Wants Receipts To Go Digital

PYMNTS

In 2016, Expensify , an expense management firm, launched a new service called ReceiptBurner , which integrates into travel service providers such as Uber , HotelTonight and Revel Systems , enabling travelers to send purchase data directly to the Expensify platform.

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CarrierHQ Guides CA Trucking Fleets Through Indie Contractor Laws

PYMNTS

. “Most trucking companies have a business model that leverages independent owner-operators, and that model is facing continuous challenges from regulators and litigants to maintain true independence,” said Scott Prince, CEO of CarrierHQ.

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RBC to acquire HSBC Canada for $10B

BankInovation

Royal Bank of Canada is set to close its CA$13.5 The acquisition will give RBC’s clients access to HSBC’s trade finance and cash management capabilities and create additional cross-selling opportunities for the […]

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CA DFPI issues modifications to proposed regulations to implement 2018 law requiring consumer-like disclosures for commercial financing

CFPB Monitor

SB 1235, codified at CA Financial Code (Code) sections 22800-22805, requires a “provider,” meaning a person who extends a specific offer of “commercial financing” as defined in Code section 22800(d) to a recipient, to give the recipient certain disclosures at the time the provider extends the offer.

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California DFPI announces agreement with program manager of income share agreements

CFPB Monitor

a company that acts as a program manager of Income Share Agreements (ISAs) used to finance postsecondary education and training. In April 2021, Meratas applied for a student loan servicer license under the CA Student Loan Servicing Act (SLSA).

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Ebury Powers Global Payments For Crédito Agrícola Corporates

PYMNTS

payments platform Ebury and Portuguese bank Crédito Agrícola (CA) have forged a partnership to allow the bank to work with more customers online and in a wider range of currencies, Ebury announced Thursday (March 19). Duarte Líbano Monteiro, country manager for Ebury Portugal, said the company was happy to be working with CA.

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