California’s New Ridesharing Law Could Hurt Drivers

PYMNTS

California Gov. Lyft says it has 325,000 drivers in California, while Uber says it has more than 200,000, the article said. Gig Economy AB5 California Drivers employees gig economy independent contractors Lyft News Ridesharing Uber What's Hot

Gig Economy Could See Overhaul Under New California Bill

PYMNTS

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.

Public banking gets green light in California

BankThink

Affordable housing Public finance Marijuana banking Policymaking Gavin Newsom Bernie Sanders State of California 13069F CaliforniaA new law authorizes municipalities in the nation’s largest state to charter their own financial institutions to reinvest public funds into the community.

California Expects IPO Tax Windfall

PYMNTS

California is gearing up to get a tax windfall from all the initial public offerings of California companies slated for this year. When Facebook went public, The Wall Street Journal reported California got $1.3 If California gets billions in tax revenue from the IPOs of tech companies, the governor could face pressure from liberal legislators and interest groups to increase spending.

California Opens Door For San Francisco Public Bank

PYMNTS

California Governor Gavin Newsom has signed legislation allowing for the establishment of public banks in the state, and advocates in San Francisco are jumping at the opportunity.

California’s Proposed Business Lending Rules Draw Support

PYMNTS

Proposed regulations would give small businesses in California the nation’s most extensive set of truth-in-lending protections for small business borrowers. . In 2018, California began the journey of establishing lending transparency for small businesses in the state.

California BanCorp Launches Treasury Management Consultancy

PYMNTS

California BanCorp , the holding company for California Bank of Commerce (CBC), has announced the launch of a Treasury Management Consultancy to enable firms to manage their liquidity, utilize excess cash for better investments and reduce financial risks. “We

Employee Or Contractor? California Freight Enters The Worker Classification Debate

PYMNTS

California Trucking Weighs In. This week, reports in Capital Public Radio in California noted a legislative proposal that would classify independent truckers as employees, not as contractors — the opposite of what the Labor Department stated in its opinion.

Tech Lobbyists Oppose California Consumer Privacy Act

PYMNTS

Lobbying groups and trade associations representing tech giants such as Facebook and Apple have thrown their support towards legislation that could weaken California’s landmark privacy law.

California’s New Labor Bill Gets Pushback From Uber

PYMNTS

Rideshare giant Uber says it will fight the recent passage of a controversial labor bill in California, The Wall Street Journal reported on Thursday (Sept. Gig Economy AB5 California contractors gig economy labor Legislation Lyft News Uber What's Hot

FinTech Firms Ease Resistance To California SMB Borrower Protection Rules

PYMNTS

However, lawmakers in California are getting closer to making legislation that would protect small business borrowers using alternative lending platforms, with industry players working with policymakers to make the new rules palatable for everyone.

Unions Urge New York To Follow California’s Lead On Gig Workers

PYMNTS

Unions in New York are petitioning the state to change its laws to include employment protections for gig economy workers, similar to a bill recently passed in California, The Wall Street Journal reported on Monday (Sept.

Amazon Deploys Delivery Robots In California

PYMNTS

Amazon has begun using Scout, its six-wheeled autonomous delivery robot, in a neighborhood in Irvine, California, according to a report.

AB5 Is Now The Law Of The Gig Land In California

PYMNTS

Gavin Newsom signed into law a proposal that would have California companies limited with respect to their use of independent contractors. Regulation AB5 bill California Gavin Newsom gig economy independent contractors Law Lorena Gonzalez News What's Hot

California data privacy compromise in peril

BankThink

Data privacy Financial regulations Compliance State regulators State of California 13069FNew plans for a ballot initiative in November 2020 threaten to overturn concessions that financial institutions, tech firms and other companies have won from state lawmakers.

California gives more cover to firms banking pot businesses

BankThink

Marijuana banking Compliance AML State regulators cuj bulletin lead State of California 13069FOfficials said Thursday that they will not take regulatory action against state-chartered banks and credit unions solely for serving licensed cannabis businesses.

California Senate Could Rule On Gig Economy Law This Week

PYMNTS

As early as this week, California’s state Senate will take up a measure that could forever change the future of the gig economy, and firms like Uber and Lyft , in both the state and nationwide. But California’s state courts saw the issue somewhat differently.

Amid California Wildfires, FIs And Payment Services Offer Help

PYMNTS

Payment services providers and financial institutions are beginning their work in helping people recover from the California wildfires — with those disaster responses informed by experiences in previous wildfires and recent hurricanes.

California CPAs Call For Crypto Accounting Clarity

PYMNTS

Certified Professional Accountants (CPAs) in California are calling on an industry watchdog to clarify standards for cryptocurrency accounting, with expectations that corporations will increase their use of cryptocurrencies moving forward.

California Governor: Large Tech Firms Might Be ‘Streamrolled’

PYMNTS

In a published interview, California Governor Gavin Newsom said big tech companies in his state could soon be “steamrolled” through federal regulations. Regulation Amazon Big Tech breakup California Competition ecommerce Facebook Google News regulations What's Hot

Wish They All Could Be California Bots

PYMNTS

The word “California” never fails to conjure up a mental image, though that will vary from person to person – some will think sun and sand, others will think movie stars, while still others will think internet startups. Well, if all of these California test drives go according to plan, anyway.

CashCall, Courts And California’s Increasingly Confusing Lending Market

PYMNTS

Headquartered in Orange County, California and founded in 2003, CashCall is a big firm that consumers likely know best from its early commercials featuring the late Gary Coleman. During its 15 years in business, the firm grew up to be the largest lender of its kind in the state of California.

WorldRemit Expands Into California

PYMNTS

24) that it has launched in California. s fasted growing startup, WorldRemit said it has set its sights on California, as the state is home to one in four migrants in the U.S. California will also stand as the company’s second largest market to date.

High-cost lenders already seeking ways around crackdown in California

BankThink

Consumer lending Licenses and charters Payday lending Gavin Newsom OCC CaliforniaA law signed last week by Democratic Gov. Gavin Newsom caps interest rates on installment loans. But three large lenders are looking to avoid its restrictions by partnering with banks.

Student borrower protection bill stalls in California

BankThink

Student loans State regulators National banks Consumer lending Consumer Bankers Association CFPB State of California 13069FA legislative measure would have made the Golden State the first in the nation where aggrieved borrowers could sue their servicers.

How California businesses are adapting to water shortages

Cal Bank Trust

As the severe drought in California continues for a third

Ride sharing, delivery firms gear for battle after California reclassifies workers in new bill

Mobile Payments Today

A bill that reclassifies gig workers at ride sharing, delivery and other app-based firms passed overwhelmingly in California.

The derailment of California's payroll advance law

BankThink

Small-dollar lending Payday lending Payroll State regulators Underbanked Fintech regulations ab daily briefing lead State of California 13069FA first-in-the-nation bill that drew unanimous support from the state Senate failed to get over the finish line this year. What happened?

Bank of Southern California adds heft near Los Angeles with CalWest deal

BankThink

Community banking M&A Growth strategies CaliforniaThe $32 million merger will create a bank with nearly $1 billion in assets.

California’s Governor Wants Tech Companies To Share Profits With Consumers

PYMNTS

Gavin Newsom, the governor of California, wants consumers to benefit from the billions of dollars technology companies in the state made by forcing the tech companies to share their profits. While the governor said he was proud that California is home to so many technology firms, he also said that the companies making billions in profits “collecting, curating, and monetizing our personal data have a duty to protect it.

California man faces life for illegally operating a Bitcoin ATM

ATM Marketplace

A 25-year-old Westwood, California man has agreed to plead guilty to federal charges for illegally operating a crypto exchange and a bitcoin ATM where he laundered up to $25 million in cash and crypto for individuals, including drug dealers

Banner deepens ties to California with AltaPacific acquisition

BankThink

The Washington company will have more than $1 billion in assets in southern California when the $87 million deal closes. Community banking M&A Growth strategies California Washington

California Dreaming? Why and What You Should Know About CA’s Privacy Law and Regulations

New York's State of Mind

Instead, they are regulations proposed by California to implement the California Consumer Privacy Act of 2018 (CCPA). To be clear, assuming you are not a California credit union or dealing with California […]. Regulatory Compliance New York State technology Facebook GDPR California CCPA personal information right to privacy European Union

CA 48

California senate passes bill set to transform gig economy

Payments Source

The California Senate passed a bill that could force Uber and other gig economy giants to reclassify their workers as employees. Gig economy Uber Lyft California

California bank warns of large fraud-related charge-off

BankThink

Community banking Fraud losses Credit quality CaliforniaPrivate Bancorp of America is the latest bank to report a borrower issue in connection with a high-profile fraud case tied to liquor licenses.

Are you up-to-date on California employment laws?

Cal Bank Trust

A tangle of new California

California data privacy compromise in peril

Payments Source

Data privacy Financial regulations Compliance State regulators State of California 13069FNew plans for a ballot initiative in November 2020 threaten to overturn concessions that financial institutions, tech firms and other companies have won from state lawmakers.

California Nears SMB Borrower Protection Rules

PYMNTS

California continues its efforts to extend borrower protection rules to small businesses (SMBs), with new support for the initiative from SMB advocates and an approval from the state’s Assembly Appropriations Committee and the California Senate. The California Senate followed with its approval of the SB 1235 bill, dubbed a truth-in-lending law.

California Kroger Subsidiary Says No To Visa

PYMNTS

Foods Co, a subsidiary of grocery giant Kroger , has announced that 21 of its grocery stores and five of its gas stations in Central and Northern California are officially through with Visa branded credit cards as a form of payment, effective August 14, 2018. Payment Methods California Foods Co grocery Kroger News Retail Visa Visa credit cards What's Hot

California Naturel Misled Consumers, Says FTC

PYMNTS

California Naturel falsely advertised that its sunscreen as “all natural,” the FTC said Monday. But California Naturel also admitted that 8 percent of its sunscreen is dimethicone, which is synthetic. The FTC order, which mandates that California Naturel must not misrepresent ingredients or composition of its products or its natural or synthetic content, stemmed from an administrative complaint lodged against the company in April of this year.

California AG Revives Backpage.com Lawsuit

PYMNTS

Backpage.com Chief Executive Carl Ferrer, along with two controlling shareholders, are facing fresh charges from California Attorney General Kamala Harris, who last week filed a lawsuit alleging the online media company engaged in pimping and laundering money. According to a report in Fortune , the move by the California AG revives a case that got dismissed by a judge earlier in December. News Security & Fraud Backpage.com California AG Lawsuit money laundering What's Hot

California Moves Forward On Effort To Bank Marijuana Businesses

PYMNTS

California is pressing forward with efforts to provide legal banking services to marijuana businesses as cannabis companies struggle to get banked. Reports in The San Francisco Chronicle said California policymakers introduced a bill last Thursday (Jan. The bill, SB930, is one of several concepts that have surfaced in the state in recent months while California supports a growing industry. B2B Payments B2B banking California Marijuana regulation SMBs What's Hot In B2B

California announces landmark gig economy rights bill

The Paypers

(The Paypers) A bill that paves the way for gig economy workers to get holiday and sick pay has been passed by California lawmakers