CFPB Monitor

OCTOBER 27, 2022

Two recently-passed bills in California, Assembly Bill 2311 (“AB 2311”) and Senate Bill 1311 (”SB 1311”), were signed into law by Governor Gavin Newsom on September 13 and September 27, respectively, placing new restrictions on the sale of Guaranteed Asset Protection (“GAP”) waivers in California.

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California Regulation Security United States 148

CFPB Monitor

JANUARY 18, 2023

On September 9, 2022, the California Department of Financial Protection and Innovation (DFPI) proposed to amend its student loan servicing regulations, which we previously covered here. After reviewing public comments, on January 6, 2023, the DFPI released a Notice.

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Regulation California Innovation 147

PYMNTS

AUGUST 20, 2020

are ready to suspend their ride-hailing services in California on Thursday (Aug. In a blog post , Lyft said its rideshare operations in California would be suspended at 11:59 a.m. The judgement came after California Attorney General Xavier Becerra sued Uber and Lyft for violating the state’s new Assembly Bill 5 (AB5) labor law.

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California Operations Report Company 176

PYMNTS

AUGUST 12, 2020

is likely to shut down temporarily in California. “If If the court doesn’t reconsider, then in California, it’s hard to believe we’ll be able to switch our model to full-time employment quickly,” CEO Dara Khosrowshahi told MSNBC Wednesday (Aug 12). At the request of California Attorney General Xavier Becerra Monday (Aug.

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PYMNTS

DECEMBER 15, 2020

California-based Shoe Palace was started in 1993 by the Mersho family. More than 50 percent of the retail locations are in California, but the retailer has an “established retail presence” in Hawaii, New Mexico, Colorado, Florida, Arizona, Nevada and Texas.

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PYMNTS

OCTOBER 13, 2020

Lawyers for Uber , Lyft and the state of California laid out arguments on Tuesday (Oct. In January, California implemented its AB 5 law, which required that ride-hailing, food delivery and other such companies treat their workers as employees rather than independent contractors.

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CFPB Monitor

DECEMBER 13, 2022

On December 2, a non-profit advocacy organization filed a lawsuit in a California federal district court seeking to enjoin the California Department of Financial Protection and Innovation (DFPI) from enforcing the final regulations (Regulations) issued by the DFPI to implement.

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PYMNTS

JULY 27, 2020

A proposed new California bill, AB 1525 , would give banking institutions and accountants the green light to work with cannabis businesses. Alvarez, California Department of Business Oversight commissioner, Bloomberg reported. billion in California, with expectations of it hitting around $3.7

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PYMNTS

NOVEMBER 4, 2020

California voters passed Proposition 22, which exempts tech platforms like Uber, Lyft, and DoorDash from state law AB 5, which forced them to reclassify gig workers as employees, according to a Wall Street Journal report on Wednesday (Nov. Gig workers will also be entitled to occupational accident insurance.

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PYMNTS

OCTOBER 21, 2020

Uber is weighing contingency plans that could dramatically shrink its California operations should a ballot campaign aimed at revoking a controversial state labor law fall short on Election Day. Still, exactly what Uber has in mind for a Plan B is not clear, though Khosrowshahi is offering a few hints.

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CFPB Monitor

JANUARY 11, 2023

On August 15, 2022, the California governor signed SB 633 into law, expanding the obligations of creditors obtaining the signatures of more than one person on a consumer credit contract, including a motor vehicle lease, who do not receive any.

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California 78

PYMNTS

JANUARY 13, 2021

G ig workers in California who drive for Uber, Lyft and other rideshare and delivery platforms have filed a lawsuit in the state’s Supreme Court seeking to overturn Proposition 22, the Associated Press reported on Wednesday (Jan. Generally speaking, courts in California don’t like to overturn the will of the people,” Moylan said.

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California Sacramento Compliance Report 146

PYMNTS

NOVEMBER 2, 2020

In California, a state ballot vote tomorrow (Nov. Known as AB5, the shift was signed into law in September by California Gov. In a statement, Gig Workers Rising said that, “This proposition absolves the companies of any responsibility to their workers and writes into California state law a minimum wage as low as $5.64/hour.”.

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Payments Dive

FEBRUARY 28, 2020

California Tortilla and Qdoba have launched mobile app upgrades.

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California Mobile 269

PYMNTS

DECEMBER 14, 2020

Gig workers for Uber and others in California will start getting benefits, but consumers will pay the price in additional fees, the Financial Times (FT) reported Monday (Dec.

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California Report Company 218

PYMNTS

MAY 4, 2020

California Gov. Instead, he told a news conference that the state will issue new guidance for California food and dining establishments on Thursday (May 7).

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California Conference Survey Community 173

PYMNTS

JUNE 11, 2020

The California agency that regulates ride-hailing companies Uber and Lyft said their drivers are considered employees under the state’s new gig work law, the latest development in the fight over drivers’ status, Reuters reported. Later this year, a ballot initiative sponsored by Uber, Lyft and DoorDash will ask voters to rescind the law.

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California San Diego Regulation Report 193

PYMNTS

DECEMBER 23, 2020

Nuro has received the first-ever autonomous vehicle deployment permit from the state of California, according to a press release. The California DMV is a leader in safety standards, and we appreciate their collaboration and safety-first approach to AV regulation,” he said, according to the release.

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California Regulation Retail Technology 166

PYMNTS

JULY 30, 2020

California Pizza Kitchen (CPK) is the latest big restaurant chain to fall on hard times in the wake of the coronavirus pandemic. The company opened its first restaurant in 1985 in Beverly Hills, with a menu offering California-style pizza and cuisine. At the time of its bankruptcy filing, California Pizza Kitchen had just $13.5

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California Los Angeles Texas Operations 139

PYMNTS

JUNE 24, 2020

In what could be the start of a protracted court fight, attorneys for the state of California plan to ask a judge to order Uber and Lyft to classify their ride-hailing drivers as employees rather than contractors, Reuters reported. 3, California voters will have their say. A hearing is set for Aug.

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California San Francisco Regulation Security 165

PYMNTS

AUGUST 16, 2020

The move comes as numerous places around the world look into digital currencies for official business, including the state of California, as it moves ahead with a digital asset bill, Assembly Bill 2150.

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PYMNTS

OCTOBER 23, 2020

Silicon Valley rideshare giants Uber and Lyft must abide by a California Court of Appeals’ decision that they can no longer classify their drivers as independent contractors, pending a ballot measure giving voters a say on election day (Nov.

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California Sacramento Report Company 180

American Banker

JUNE 1, 2023

The Federal Reserve Board and California Department of Financial Protection and Innovation want to ensure the shuttered bank makes good on its commitment to self-liquidate and make depositors whole. It also wants full cooperation on an investigation into FTX ties.

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California Innovation cryptocurrency Regulation 68

PYMNTS

JANUARY 20, 2021

The Silicon Valley search giant maintains that California will have more witnesses and documents pursuant to the case, according to Reuters. Google said in a court filing, per Reuters, that a total of six cases alleging antitrust practices were filed against it in the Northern District of California. Google has asked a U.S.

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PYMNTS

NOVEMBER 4, 2020

In today’s top news, scammers are targeting used car buyers amid an uptick in digital sales, and California voters passed a proposition that upholds gig worker status. Prop 22: California Side With Uber And Lyft, Nix AB 5 Gig Worker Law. Plus, Wayfair released a blockbuster quarterly earnings report.

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California Payments blockchain Lending 196

PYMNTS

MAY 5, 2020

California Attorney General Xavier Becerra, along with municipal attorneys from three cities in the state, is suing Lyft and Uber for allegedly misclassifying drivers as independent contractors. They claim that the firms each steered clear of social safety net obligations.

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PYMNTS

DECEMBER 16, 2020

users into new agreements with its corporate headquarters in California, effectively circumventing the European Union’s strict privacy laws, according to an exclusive report by the Reuters news service. It’s not clear how happy consumers in the United Kingdom will be over Facebook’s latest move, but privacy advocates are already up in arms.

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PYMNTS

JUNE 24, 2020

In what could be the start of a protracted court fight, attorneys for the state of California plan to ask a judge to order Uber and Lyft to classify their ride-hailing drivers as employees rather than contractors, Reuters reported. 3, California voters will have their say. A hearing is set for Aug.

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California San Francisco Regulation Security 132

PYMNTS

AUGUST 31, 2020

The lawmaker behind a proposed California consumer protection law indicated that it will not proceed in its current iteration, CNBC reported. The conversations were productive as we worked to move beyond the ‘buyer beware’ mentality, and toward an online policy that has been the law for brick-and-mortar retailers in California for decades.”.

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California Retail Policies Online 141

CFPB Monitor

FEBRUARY 1, 2023

On Friday, January 27, California Attorney General Rob Bonta announced an investigative sweep of businesses that provide mobile apps, issuing warning letters to those that AG Bonta alleges failed to comply with the California Consumer Privacy Act (CCPA).

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California Mobile Retail Industry 78

BankInovation

JUNE 1, 2022

Automated treasury payments solutions at Banc of California will be powered by Finexio, the companies announced last week. Finexio, an accounts payable fintech with previous buy-in from Mastercard and communications firm Nordis Technologies, received $1 million from Banc of California during a funding round. billion […].

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California Fintech Payments Technology 98

PYMNTS

FEBRUARY 14, 2020

Early this week, a judge denied a request from Uber and Postmates to halt the enforcement of a new California labor law — known as AB5 , which was voted into law last year — that would place new restrictions on gig economy workers. There’s a saying in jurisprudence: Hard cases make bad law. Looking Ahead.

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California Oklahoma Taxes Operations 160

PYMNTS

JANUARY 17, 2020

Sezzle , the California-based alternative payments lender, announced Thursday that it was finally approved by the state’s Department of Business Oversight ( DBO ) for a lending license. California allowed Sezzle to have its license after all once the company agreed to state regulatory oversight, audits and examinations.

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Lending California Payments Regulation 130

PYMNTS

JANUARY 9, 2020

Uber is dropping upfront pricing in favor of estimates in response to the California gig economy law that took effect Jan 1. Due to a new state law, we are making some changes to help ensure that Uber remains a dependable source of flexible work for California drivers,” the company said in the email. “Due

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California Industry Technology Company 136

PYMNTS

AUGUST 17, 2020

In today’s top news, California lawmakers propose a financial watchdog at the state level, and Germany launches an antitrust investigation into Amazon. California Proposes Financial Watchdog Agency. Plus, the Federal Reserve is working with MIT to explore the use of digital currency. Just Eat Takeaway to End Its Gig Worker Model.

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California Payments Fraud Massachusetts 148

PYMNTS

AUGUST 6, 2020

economic recovery’s unpredictability in the wake of the coronavirus pandemic is on display in California. More than half, or 57 percent of the initial unemployment claims filed in California for the week ending July 25 were from workers who reopened previous claims. Evidence of the U.S.

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PYMNTS

SEPTEMBER 11, 2019

California lawmakers passed a controversial labor bill on Tuesday (Sept. App-based businesses tried to work out immunity to no avail and the bill passed the California State Senate in a 29 to 11 vote, The New York Times reported on Wednesday (Sept. California Gov. The law would go into effect Jan.

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