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Top News in Payments: Uber Halts Upfront Pricing in CA; Amex Cleared To Operate In China

PYMNTS

Amex Cleared To Operate In China. The central bank in China said it accepted an American Express application to start working in the country but did not say when Amex would begin operations. The final price of a trip will be calculated at drop-off “based on the actual time and distance traveled.”.

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CA to require GHG and climate-risk reporting for companies nationwide

CFPB Monitor

Under the new law: Public and private companies operating in California that generate at least $1 billion in annual revenue are required to report their Scope 1 and Scope 2 greenhouse gas emissions beginning in 2026, and their Scope 3 greenhouse gas emissions beginning in 2027; and Public and private companies operating in California that generate (..)

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CarrierHQ Guides CA Trucking Fleets Through Indie Contractor Laws

PYMNTS

The solution is meant to aid transportation companies to avoid “major pitfalls” and “increase operational capacity.”. The company provides a “comprehensive solution to reclassification and recruiting issues faced by large fleets and brokers, by enabling independent contractors to form or grow their own fleets,” the release said.

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CA College Student Accuses TikTok Of Illicit Data Harvesting

PYMNTS

But the reality is that the TikTok app does not operate in China, and we have been further building out and empowering teams in the markets where it does operate.”. However, a spokesperson for ByteDance said TikTok is not going to change its name, and does not have any ability to control Chinese content, since users upload videos. “It

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CA DFPI provides assurance of no action to debt collection license applicants experiencing NMLS delays

CFPB Monitor

It allows a debt collector or buyer that submits an application by that date to continue to operate pending the approval or denial of the application. However, if a debt collector or buyer applies for a license after December 31, it cannot operate in California until its license has been issued.

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Uber Launches Secret CA App Version To Resist Employment Classification

PYMNTS

To tackle AB5, Thuan Pham, Uber’s chief technology officer, gathered volunteers from legal, marketing, technology and operations for Project Luigi, a “critical project around AB5,” according to an October email seen by The Washington Post. .

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TD’s tech spend up 18% YoY to $458M

BankInovation

TD Bank is investing in technology to drive efficiency, reduce costs, and restructure operations with AI efforts at the forefront. The Toronto-based bank’s total technology and equipment expenses were CA$620 million ($458 million), up 18% year over year, according to its fiscal fourth-quarter (ending Oct. 31) earnings report.

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