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.

Business Cry Foul Over California’s New Data Privacy Law

PYMNTS

California’s new consumer privacy law is facing a backlash from businesses around the U.S. The companies, noted the WSJ , are unhappy that California lawmakers didn’t consult them when figuring out how to implement the law. Data businesses California customer loyalty programs data privacy law retailers tech companies What's Hotwhich contend the law will hurt all sorts of companies, whether it’s retailers or customer loyalty programs.

California Passes Online Privacy Data Law Aimed At Protecting Consumers

PYMNTS

The state of California passed a new digital privacy law that provides consumers with more transparency and control over their digital data. While technology and businesses in California weren’t in support of the bill, they didn’t attempt to prevent it because the ballot initiative was even tougher, noted The New York Times. But “it prevents the even worse ballot initiative from becoming law in California.”

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 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.

No More Waiting To Pay At California Pizza Kitchen

PYMNTS

California Pizza Kitchen has taken notice of this and has decided to raise the bar in its current mobile app, CPK Pizza Dough Rewards. By eliminating the post-meal waiting time, California Pizza Kitchen has placed value on both customers’ experience level and time. “We In fact, 80 percent of our Pizza Dough Rewards loyalty members engage with us through their mobile device,” said Ashley Ceraolo, senior vice president of marketing and beverage at California Pizza Kitchen.

California Looks To Revoke Wells Fargo Insurance License

PYMNTS

The state of California’s insurance regulator is aiming to suspend or revoke the insurance licenses from Wells Fargo due to illicit sales practices with an online referral program. According to a report in CNBC , the state regulator contends that around 1,500 unauthorized policies were opened for California customers without them knowing about it. Regulation California insurance fraud insurance regulator News security & fraud wells fargo What's Hot

NEW REPORT: California Takes An Unattended Twist on Vehicle Registration

PYMNTS

In the interview, Gonzalez told PYMNTS that, so far, the more than 100 terminals deployed around California are accomplishing what they were supposed to. . “We The next stop on the road to technological evolution in the transportation industry may just be unattended.

California Startup Brings Retailers To The Driveway

PYMNTS

After Ali Ahmed founded Dispatch , a service that allowed consumers to have goods delivered from retail stores through a text message, he noticed that customers would not buy fresh fruits and vegetables. They just don’t trust somebody else picking them,” Ahmed told PYMNTS. People need to pick their own fruits and vegetables.”. Armed with this knowledge, Ahmed developed a mobile retail store concept that he calls the Robomart.

How California businesses are adapting to water shortages

Cal Bank Trust

As the severe drought in California continues for a third

California Judge Rules Backpage.com Execs Can Be Charged With Money Laundering

PYMNTS

A judge has ruled that money laundering charges can be brought against the creators of a website that California prosecutors label an online brothel. In fact, California prosecutors and U.S. Legal Backpage.com California Carl Ferrer federal law James Larkin legal Michael Lacey money laundering News What's HotThe Associated Press reported that the ruling came months after another judge threw out the case as violating free speech and federal protections.

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

Cal Bank Trust

A tangle of new California

California AG Looking Into Criminal Charges Against Wells Fargo

PYMNTS

As if it couldn’t get any worse for embattled Wells Fargo, Los Angeles Times is reporting that the California Department of Justice is looking into criminal identity theft over the creation of the fake accounts. The report, citing a search warrant sent to the bank’s headquarters earlier this month, reported the warrant and documents confirm California Attorney General Kamala Harris has joined a list of public officials and government agencies investigating the actions of Wells Fargo.

California's spin on GDPR: Fewer teeth, bigger bite

Payments Source

Compliance reviews GDPR Data security California EuropeWhen GDPR went into effect in May, it was expected that the European law would touch a lot of U.S. payment companies because of their international scope. Now it's clear that even purely domestic U.S. firms will have to adhere to some version of the data-privacy law.

It's getting more expensive to buy a California bank

BankThink

Community banking M&A Strategic buyers Consolidations CaliforniaLimited acquisition opportunities remain in the state's hottest markets, which will force buyers to pay bigger premiums or pursue deals elsewhere.

Credit Card E-Filing Fees Capped In California

PYMNTS

The high fees charged by private firms that are hired by the courts to operate e-filing systems and that are often passed onto consumers who pay with a credit card have been capped by a bill approved by California Governor Jerry Brown on Sept. ” The bill was unanimously approved in August by the Assembly after being amended three times and is expected to regulate the transition of California courts to e-filing.

Celebrate California Small Business Day

Cal Bank Trust

 A standby letter of credit can help your business grow

California passes nation's first statewide consumer privacy law

Payments Source

Data privacy Data privacy rules Consumer banking Sailthru NMN origination no display CaliforniaThe measure, which has been compared to the EU’s new consumer privacy rules, grants Californians new rights over how companies collect and use their personal data.

California initiates privacy law to give consumers ownership of their personal data

The Paypers

(The Paypers) On June 28, California governor Jerry Brown signed the California Consumer Privacy Act (CCPA) of 2018, which aims to give consumers ownership of their personal data

California Wildfires: Considerations for Retirement Plan Sponsors

Perficient Financial Servies

Can they “recharacterize” the money as a California wildfire relief withdrawal so that they can repay the withdrawal over three years? Many recordkeepers and plan sponsors may be thinking that because they have no client locations or payroll centers located in the California wildfire areas, they may have little or no reason to prepare for these challenges.

More job cuts planned for Banc of California

BankThink

Banc of California in Santa Ana will cut roughly 9% of its workforce as it looks to trim $15 million in expenses. Community banking Layoffs Expense management California

Pot banking bill advances in California

BankThink

California lawmakers have voted to authorize the establishment of state-chartered banks for the limited purpose of serving the marijuana industry. Marijuana banking Marijuana industry Law and regulation Small business AML FinCEN California

California Dreaming (About an Unforgettable Networking Conference)

Image Works Direct

It’s been about a month since I’ve had the opportunity to attend the 2018 Marketing Association of Credit Unions (MAC) Conference, but I can’t stop thinking about how amazing of an experience it was.

California BanCorp to target lawyers and accountants with new division

BankThink

Community banking Business services Small business lending CaliforniaThe Oakland company has hired Colleen Atkinson, a former manager at HSBC, to oversee its new professional banking business line.

Bankroller of California privacy law warns opponents will gut it

BankThink

Data privacy Compliance Bank technology Facebook CaliforniaEchoing the set of restrictive rules known as GDPR enacted earlier this year by the European Union, the state legislation — which does not take effect until 2020 — will almost certainly be the subject of intense lobbying from business giants that vacuum up all the data.

De novo bank in California is already a seller

BankThink

Community banking De novo banks M&A Consolidations Capital CaliforniaBlue Gate Bank, which opened in January 2017, is being sold to Big Poppy Holdings.

Bankroller of California privacy law warns opponents will gut it

Payments Source

Data privacy Compliance Bank technology Facebook CaliforniaEchoing the set of restrictive rules known as GDPR enacted earlier this year by the European Union, the state legislation — which does not take effect until 2020 — will almost certainly be the subject of intense lobbying from business giants that vacuum up all the data.

California Looks Into Allegations Wells Fargo Signed Up Customers For Life Insurance

PYMNTS

California has joined in the lawsuit bandwagon, ordering an investigation into claims retail bankers at Wells Fargo signed customers up for life insurance polices without their consent. Dave Jones, the insurance commissioner for California, said in an interview with Reuters that retail bankers allegedly signed up customers without their knowledge for life insurance from Prudential Financial. And the hits keep on coming for Wells Fargo.

California passes nation's first statewide consumer privacy law

BankThink

Data privacy Data privacy rules Consumer banking Sailthru NMN origination no display CaliforniaThe measure, which has been compared to the E.U.’s s new consumer privacy rules, grants Californians new rights over how companies collect and use their personal data.

Banks alarmed by California privacy measure

BankThink

Data privacy Data privacy rules Consumer banking Facebook CaliforniaA first-in-the-nation ballot initiative would give consumers more control over their personal information, but banks and other companies say that it would amount to a tax on doing business in the Golden State.

A solution to California’s pot-banking problem: Its own central bank

BankThink

Marijuana banking Regulatory reform CaliforniaThe effort would help the state support its burgeoning cannabis industry without interference from federal financial regulators.

California extends ban against Wells Fargo due to scandals

BankThink

Wells Fargo was barred by California's treasurer from being hired for another year because of the bank's fraudulent account scandal, leaving the company largely cut off from underwriting work with one of the nation's biggest municipal-bond issuers. National banks Wells Fargo California

Wells Fargo owes California mortgage bankers $97M for rest breaks

BankThink

Wells Fargo must pay $97 million to home mortgage consultants and private mortgage bankers in California who didn't get the breaks they were entitled to under the state's stringent labor laws. Penalties and fines Originations Consumer banking Wells Fargo California

California Dealership Sells First Bike for Bitcoins

Bank Innovation

At least one powersports dealer is accepting a new form of payment for motorcycles: bitcoins. Old Road Harley-Davidson, a dealership in Santa Clara, Calif., sold a Harley-Davidson motorcycle to a customer using only bitcoins last month, according to a published report. Bitcoin has been in the news a lot lately, particularly as car dealers continue […]. Cryptocurrency Payments Bitcoin cryptocurrencies

California may force online business lenders to disclose rates

BankThink

Marketplace lending Small business lending Nonbank Fintech regulations OnDeck Capital Kabbage PayPal Amazon Square CaliforniaFirst-of-its-kind legislation seeks to tame the largely unregulated world of online small-business lending. It has drawn bipartisan support from lawmakers, but so far has failed to satisfy either the industry or its critics.

BMO Harris' digital push, California's sandbox skeptic and a giant slayer

BankThink

Women in Banking Digital banking Apps Fintech Blockchain Diversity and equality WIB scan Bank of Montreal JPMorgan Chase CaliforniaA Chicago bank isn't afraid of taking on competitors that spend billions on technology. A state regulator is afraid of giving fintech startups too much latitude. Yet another one of our Most Powerful Women retires. Plus, blockchain's leading ladies, the fallout from a big political upset and a tool to help you stop apologizing.

A salute to California's small businesses

Cal Bank Trust

Small

Umpqua beefs up wealth business in Southern California

BankThink

Wealth management Recruiting Fee income Umpqua Bank CaliforniaThe Portland, Ore., company has hired four private bankers from City National as part of a broader effort to provide a full range of services to business owners and high-net-worth households in Orange County and San Diego.

Trends in California commercial real estate

Cal Bank Trust

If your business designs, supplies or builds

California bank goes online competitors one better

ABA Community Banking

First Foundation gives online borrowers convenience—with a live banker attached Technology HowTo Branch Technology/ATMs Community Banking. 1Community Banking

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