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.

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.

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.

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 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.

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 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 Dreamin’ (Of A Higher Minimum Wage)

PYMNTS

The news out of California on Monday (March 28) that Governor Jerry Brown, state lawmakers and labor leaders have reached an agreement to raise the state’s minimum wage to $15 an hour has the country buzzing.

Walmart Ramps Up Curbside Pickup in California

PYMNTS

The superstore has seen success in Seattle, Oklahoma City, and 10 locations throughout California, but it is expanding the number of locations in the Golden State. Retail Amazon California curbside pickup delivery ecommerce grocery grocery store Grocery Stores News supermarket walmart What's HotIt’s safe to say that online shopping has changed the way in which consumers shop and altered expectations when it comes to service.

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.

Getting Started with California Consumer Privacy Act Compliance

Perficient Financial Servies

We recently published a guide examining the California Consumer Privacy Act of 2018, and the steps any financial institution must take in its response to the new law to evaluate its exposure and current state of readiness. Compliance with the CCPA requires robust processes for identifying, governing, distributing, and securing consumer personal information.

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

How California businesses are adapting to water shortages

Cal Bank Trust

As the severe drought in California continues for a third

This Week’s Podcast: Recent Developments in California Law

CFPB Monitor

Ballard Spahr attorneys Chris Willis, Scott Pearson, and Taylor Steinbacher discuss recent noteworthy developments in California law. Chris, who chairs Ballard’s Consumer Financial Services Litigation Group, and Scott, a partner in the Consumer Financial Services group, discuss the recently decided California Supreme Court De La Torre case, which makes licensed lenders vulnerable to claims that high-interest rate loans over $2,500 may be unconscionable.

Establishing a California Consumer Privacy Act Compliance Program

Perficient Financial Servies

We recently published a guide examining the California Consumer Privacy Act of 2018, and the steps any financial institution must take in its response to the new law to evaluate its exposure and current state of readiness. Data & Analytics Financial Services Integration & IT Modernization Operations Regulatory Compliance California California Consumer Privacy Act California privacy consumer privacy act

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.

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.

eBay To Lay Off Close To 300 California Workers

PYMNTS

eBay is gearing up to slash close to 300 jobs in California, with the cuts slated to be completed by July 20. According to a report in San Jose’s The Mercury Times , citing the state labor agency Employment Development Department (EDD), eBay notified the affected workers at the end of June. In the notice to the EDD, Amir Vonsover, an eBay employment counsel, wrote, “eBay will conduct a mass layoff.”

Expect Challenges with the California Consumer Privacy Act

Perficient Financial Servies

We recently published a guide examining the California Consumer Privacy Act of 2018, and the steps any financial institution must take in its response to the new law to evaluate its exposure and current state of readiness. Data & Analytics Financial Services Integration & IT Modernization Operations Regulatory Compliance California Consumer Privacy Act California privacy compliance Consumer Privacy DATA DISPERSION MARKETING USAGE THIRD-PARTY RISK

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.

Guide: Complying with the California Consumer Privacy Act of 2018

Perficient Financial Servies

The state of California has passed a digital privacy law that requires businesses to make disclosures about their collection, use, and dissemination of consumer personal information. The California Consumer Privacy Act (CCPA) will have far-reaching effects on how financial institutions manage their customer data. It affects all for-profit companies doing business in California that generate revenues over $25 million, or receive more than 50,000 unique personal records per year.

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

Cal Bank Trust

A tangle of new California

California Poised to Enact Internet of Things Information Security Law

CFPB Monitor

California is once again poised to set the standard for privacy and data security by enacting the first state law directed at securing Internet of Things (IoT) devices. Manufacturer” is defined as “the person who manufactures, or contracts with another person to manufacture on the person’s behalf, connected devices that are sold or offered for sale in California.”. The law was enacted contemporaneously in both the California Senate and Assembly.

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 Closes In On Extending Borrower Protections To SMBs

PYMNTS

California lawmakers are considering legislation that would extend disclosure requirements currently required by consumer lenders to lenders of small business loan products, according to Manatt, Phelps & Phillips, LLP. The law firm’s online publication, Manatt , reported on California’s Senate Bill 1235, which would require “commercial financing” providers to disclose a variety of information to small business borrowers when they are offered financing.

Perficient Helps Adjust to the California Consumer Privacy Act

Perficient Financial Servies

We recently published a guide examining the California Consumer Privacy Act of 2018, and the steps any financial institution must take in its response to the new law to evaluate its exposure and current state of readiness. Data & Analytics Digital Transformation Financial Services Integration & IT Modernization Operations Regulatory Compliance California Consumer Privacy Act Calironia Privacy CCPA Consumer Privacy

Celebrate California Small Business Day

Cal Bank Trust

 A standby letter of credit can help your business grow

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.

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.

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.

Gov. Brown should veto California’s small-business lending bill

BankThink

Small business lending Small business Asset-based lending CaliforniaThe legislation, which creates new disclosure standards for financing costs, could hamstring commercial lenders that offer revolving credit facilities.

Three laws signed by California governor will hit lenders

BankThink

Corporate governance Small-dollar lending Small business lending Marketplace lending State regulators Diversity and equality Gender discrimination Jerry Brown State of California 13069FAmong the three measures is a requirement for boards of publicly traded firms to include more women.

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.

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 Gov. Brown should sign new bill to protect small businesses

BankThink

Small business lending Small business Financial regulations CaliforniaThe legislation would help small-business owners better evaluate financing options by requiring updated disclosures.

California Enacts Additional Limits on Collecting Time Barred Debts

CFPB Monitor

Beginning in 2019, all California “debt collectors”—including creditors collecting their own debts regularly and in the ordinary course of business—will be required to provide notice to debtors when collecting on debts that are past the statute of limitations and will be prohibited from suing on such debts. The new law is based on provisions in the 2013 California Fair Debt Buying Practices Act.

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

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 Amends Student Loan Servicing Act

CFPB Monitor

California Governor Jerry Brown has signed into law Assembly Bill 38 , which significantly modifies the scope, administration, and servicing requirements of the state’s Student Loan Servicing Act. The bill was approved by the California Assembly 55-23-2 and the California Senate 28-11-1 with the intent to “build upon existing law to ensure that the Student Loan Servicing Act’s goals are met as the federal government enacts new regulations.”

Regulators offer relief to institutions impacted by California wildfires

BankThink

Federal and state regulators Thursday offered a slew of regulatory relief measures to banks and credit unions impacted by the disastrous California wildfires. Disaster recovery Natural disasters Federal Reserve OCC FDIC NCUA

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.

Capital raise to pay off debt for California BanCorp

BankThink

Community banking Capital Capital requirements CaliforniaThe Oakland bank has raised $25 million through a private placement of common stock.