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

JULY 10, 2020

In a move that will give more flexibility to its drivers, less predictability to passengers and potential legal protection for its parent company, Uber now is letting California drivers set their own rates — within limits. Uber’s move comes as the company confronts a California law called AB5 that took effect this year.

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Payments Dive

NOVEMBER 10, 2023

Bitcoin Depot CEO Brandon Mintz contends a new California law will “create economic challenges” for his company and other crypto ATM operators.

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PYMNTS

AUGUST 10, 2020

A California judge has passed an injunction to force Uber and Lyft to stop classifying their workers as independent contractors rather than employees, CNBC reported. The order came from a lawsuit filed by California Attorney General Xavier Becerra and the city attorneys from Los Angeles, San Francisco and San Diego.

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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

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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Payments Dive

SEPTEMBER 26, 2022

The acquisition will give Banc of California access to clients’ payment insight, which the bank hopes to use for credit purposes, said Jared Wolff, the bank’s president and CEO.

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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

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 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

OCTOBER 2, 2023

California passed a law last week forcing use of a gun merchant code, but other states have done the opposite. Now, maybe Congress will act.

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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

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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Payments Dive

OCTOBER 23, 2024

The state instituted regulations Tuesday that will require earned wage access providers to register and be regulated as of next February.

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Accenture: Banking

FEBRUARY 16, 2021

In 2019, the California-based lender loanDepot made headlines when it managed to offer an end-to-end digital mortgage that closed in just 8 days, more than 80 percent faster than the 45-day industry average.1 1 Digital solutions enable this kind of agility at scale, but individual and societal risks can also scale in digital systems.

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PYMNTS

OCTOBER 14, 2020

Deputy attorney for San Francisco Matthew Goldberg said that although there are workers out there willing to accept less than the minimum wage, such actions are banned in California to protect against the downward pressure on wages overall. It’s clear that AB 5 is essentially an assault on app-based, on-demand tech companies.

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Payments Dive

AUGUST 29, 2023

The California company extended its presence to a third U.S. city and aims to expand its employee headcount by 40%.

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Payments Dive

AUGUST 15, 2022

After rolling out the bio-authentication and payment technology to a handful of stores earlier this year, the grocery chain will add it to 65 locations in California.

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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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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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CFPB Monitor

DECEMBER 6, 2023

Continue Reading

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California Innovation 148

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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Bank Innovation

DECEMBER 31, 2019

With the start of the new year, banks and fintech companies that do business in California will need to grapple with the new California Consumer Privacy Act (CCPA), which goes into effect Wednesday.

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Bank Innovation

DECEMBER 3, 2019

It had to be California. When two Irish brothers started Stripe Inc. together in 2010, there was little question about where they should put their headquarters. Now, though, Stripe is leaving the tech mecca of San Francisco, awash in tech talent and investor cash, and is in the process of moving its main office about 10 […].

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Payments Dive

JUNE 29, 2023

The bill stands in contrast to legislation recently passed in Republican-led states that blocks use of the gun merchant category code.

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California 221

Bank Innovation

DECEMBER 26, 2016

Bank Innovation conducted a survey to find out, partnered with Worldwide Business Research, which explored the topic at its Future Branches event in La Jolla, California. The future of banking most probably involves a completely re-vamped branch structure–but what will the bank branch of the future look like?

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PYMNTS

JUNE 28, 2020

Mayor London Breed tweeted Friday (June 26) that the city will wait as the number of COVID-19 cases rise across California, CNBC reported. As California Gov. California is not the only state to reconsider its reopening as cases surge. Yesterday we saw 103 cases,” Breed wrote. “On

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Payments Dive

NOVEMBER 15, 2022

The founder of Payment Logistics will remain at the firm overseeing its employees in California.

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PYMNTS

AUGUST 11, 2020

The California judge who ruled that Uber and Lyft have to classify their workers as employees reportedly “saw straight through” the “bogus argument” that the companies’ workers like being classified as independent contractors instead.

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PYMNTS

NOVEMBER 4, 2020

A ballot measure passed by a sizable majority of California voters to ramp up protections for online privacy could pave the way for similar measures across the country. More than half of Golden State voters – or 56 percent – voted in favor of Proposition 24, designed to bolster a California consumer privacy rights bill passed last year.

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ABA Community Banking

JANUARY 8, 2025

The OCC issued a proclamation allowing national banks, federal savings associations and federal branches and agencies of foreign banks to close offices in areas of California affected by wildfires. The post OCC allows banks affected by California wildfires to close appeared first on ABA Banking Journal.

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Payments Dive

AUGUST 5, 2022

The two card companies took action against an advertising entity tangled up in a California lawsuit against the pornography website, which the plaintiff alleges illicitly posted images of her when she was a teenager.

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California Cards Company 284

Abrigo

MARCH 12, 2025

In the aftermath of the devastating wildfires in California, scam artists exploited the situation by posing as legitimate charities soliciting relief donations through social media, emails, and phone calls. California Attorney General Rob Bonta emphasized the importance of vigilance to avoid falling prey to such scams.

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PYMNTS

JUNE 25, 2020

Plus, California seeks a court order to make Uber and Lyft classify drivers as employees. California Seeks Court Order To Make Uber, Lyft Drivers Employees. In response, Uber has said more than 158,000 Uber drivers in California would lose work if the reclassification happens. Samsung Electronics Co.

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PYMNTS

JANUARY 27, 2021

Jerry Ji Guo was sentenced to six months in jail for defrauding investors of over $20 million in a fraudulent initial coin offering scheme, according to a press release from the U.S. Department of Justice. Guo presented himself to potential investors as an initial coin offering consultant and promised to perform marketing and publicity services.

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Bitcoin California cryptocurrency Fraud 250

Bank Innovation

JANUARY 17, 2018

Goldschmidt co-founded the California-based Pivotus Ventures two years ago. EXCLUSIVE- Oren Goldschmidt, President at Pivotus Ventures has joined the speaker faculty for Bank Innovation 2018, taking place March 5-6 in San Francisco.

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PYMNTS

NOVEMBER 10, 2020

3, California passed Proposition 22 , which lets app-based firms like Lyft, among others, categorize workers as contractors instead of as employees. We believe the outcome in California is a win-win-win,” Green said, noting that the measure is good for drivers, riders and the state’s economic recovery. Lyft reported on Tuesday (Nov.

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