California Gig Decree Prompts Uber To Halt Upfront Pricing

PYMNTS

Uber is dropping upfront pricing in favor of estimates in response to the California gig economy law that took effect Jan 1. The new law prompted Uber to revise its app, giving California rideshare drivers detailed information about a trip — fare, length, destination — before they accept it.

California Grants Lending License To BNPL Platform Sezzle

PYMNTS

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.

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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.

California’s Gritty Privacy Edict Could Get Stricter

PYMNTS

The real estate developer behind California’s tough new privacy law — the strictest in the U.S. Alastair Mactaggart’s 2018 state ballot initiative resulted in the California Consumer Privacy Act (CCPA) and now he wants to ensure it’s bullet-proof from modifications that could weaken it. “It’s

California’s fintech startups are invading New York

Bank Innovation

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.

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.

Uber, Lyft Push Back Against California Gig Worker Law

PYMNTS

Uber and Lyft are organizing and pushing back against a California law that takes effect on Jan. Ridesharing Ballot California employees Gig Workers independent contractors Law Lyft News Uber What's Hot

California BanCorp Launches Treasury Management Consultancy

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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

What’s Next For California’s Gig Economy After AB 5

PYMNTS

About a year-and-a-half after a state Supreme Court decision that brought the issue to the forefront of legislators’ attention, the California Senate voted to approve Assembly Bill 5 on Tuesday (Sept.

California Truckers Continue Legal Fight Against Gig Worker Law

PYMNTS

Legislation in California that aims to expand worker protections for so-called gig economy workers has led to a debate in the state’s freight services market and a lawsuit hoping to block the law. The CTA filed its lawsuit to block California’s law last week, the report said. “To

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 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.

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.

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.

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

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.

In reversal, California gives license to point-of-sale lender

Payments Source

The fintech Sezzle has finally received its point-of-sale lending license in California after agreeing to refund consumers in the state and pay a penalty for previously making illegal loans there, the California Department of Business Oversight said Thursday. Consumer lending Digital banking Mobile point-of-sale Point-of-sale California

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.

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.

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.

Uber, Lyft Back Ballot Measure To Fight California Gig Worker Law

PYMNTS

Uber , Lyft and DoorDash are backing a ballot initiative to exempt themselves from California’s landmark law that re-classifies gig economy workers as employees, the companies announced in a press release on Tuesday (Oct.

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

How Does California’s Consumer Privacy Law Affect US Businesses?

PYMNTS

the California Consumer Privacy Act will give people control over the personal information companies collect, store and share, the Associated Press reported on Wednesday (Dec. The Santa Monica, California-based company’s home state is its biggest market. Starting Jan.1,

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 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 denies license to point-of-sale lender

Payments Source

A California regulator on Monday denied a lending license to the point-of-sale financier Sezzle in a detailed written decision that could have broader consequences for upstart consumer lenders. Consumer lending Fintech Compliance Point-of-sale California

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

In reversal, California gives license to point-of-sale lender

American Banker

Point-of-sale Mobile point-of-sale Consumer lending Digital banking CaliforniaThe fintech Sezzle received its license after agreeing to refund customers and pay a fine for previously making loans that state regulators had deemed illegal.

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.

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 merger terminated over delayed regulatory approval

American Banker

Community banking M&A Marijuana banking CaliforniaThe FDIC was reluctant to sign off on the merger of Summit Bancshares and Faciam Holdings because the company planned to serve marijuana-related businesses.

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.

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.

Microsoft Is ‘Strong Supporter’ Of California Consumer Privacy Act

PYMNTS

Microsoft has promised to follow California’s privacy law throughout the United States after the regulation goes into effect on Jan.

The derailment of California's payroll advance law

Payments Source

Small-dollar lending Payday lending Payroll State regulators Underbanked Fintech regulations 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?

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 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.

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.

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 AG Revives Backpage.com Lawsuit

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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 denies license to point-of-sale lender

American Banker

Consumer lending Fintech Compliance CaliforniaThe decision by the state’s Department of Business Oversight on an application for a lending license by Sezzle could guide fintechs and others seeking to make loans to consumers at the time of purchase.