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California credit union aims to be test case for divisive capital rule

American Banker

First Technology FCU, led by a former banker, stands ready to raise fresh capital by issuing subordinated debt. But first it must wait for a rule change from the National Credit Union Administration that's drawing fierce opposition from the banking industry.

Capital 76
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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.

Lending 182
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Bitcoin Daily: S. Korea Eyes Crypto Capital Gains Tax; Crypto Lawyers See Rise In Demand

PYMNTS

Securities and Exchanges Commission (SEC) charged California’s Abra for failing to register before offering and selling securities-based swaps. The company did not transact those swaps on a national registry, according to a press release. And, the U.S. Abra, which works by letting users bet on price movements of listed U.S.

Taxes 170
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Starship Technologies Rolls Out Robotic Food Delivery In Arizona

PYMNTS

Beyond Tempe, Starship brought on a grocery delivery service in the nation’s capital last month and grew to Irvine, California. As previously reported , Starship Technologies planned to expand and deliver everything from pizza to Starbucks to university students throughout the nation.

Arizona 267
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Allbirds Focuses On Store Growth, Global Expansion

PYMNTS

In October, the firm will open its 22 nd retail location in its home state of California. The States remains the biggest market for the footwear brand, but other nations are fueling growth – especially those in the Asia-Pacific area. More locations will come in 2021, per Co-founder Joey Zwillinger , as noted by FT. “It

Retail 256
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Bestselling Author J.D. Vance Teams Up With Peter Thiel, Others On VC Fund

PYMNTS

Vance, who penned the popular memoir “Hillbilly Elegy,” has started a VC fund called Narya Capital, according to a report Thursday (Jan. Vance and Thiel previously worked together on a fund that was called Mithril Capital. In 2018, California got $228 billion and New York got $56 billion. Bestselling author J.D. 9) by Bloomberg.

New York 100
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Today In Payments Around The World: Checkout.com Lands $450 Million In Series C; Pakistan Rolls Out Instant Digital Payment System

PYMNTS

Plus, Delivery Hero is launching an early-stage venture capital (VC) firm. It also has a California office, which opened in 2017, and has plans for a Colorado office. Germany’s Delivery Hero Introduces Its Own Venture Capital Fund. Checkout.com Closes $450 Million Series C For $15 Billion Valuation. Checkout.com, a U.K.-based

Detroit 135