CFPB Monitor

MARCH 15, 2022

In 2019, California enacted AB 539 which, effective January 1, 2020, limited the interest rate that can be charged on loans of $2,500 to $10,000 by lenders licensed under the California Financing Law (CFL) to 36% plus the federal funds rate. Section 160.110(d). Section 7.4001(e).

California 78

California Innovation Utah West Virginia 78

PYMNTS

JUNE 8, 2020

United Kingdom officials gave a California software company access to the private personal data of millions of British residents to answer questions around COVID-19, CNBC reported. The NHS has said it allowed Palantir access to sensitive personal data of patients, employees and residents under a deal to help it cope with the pandemic.

National 130

National Software Google Big Data 130

PYMNTS

JULY 10, 2020

In today’s top news, Marqeta prepares for an IPO, and Punjab National Bank was defrauded $491 million by one of its customers. Oakland, California-based issuer processor Marqeta, which is backed by Goldman Sachs, is preparing for an initial public offering (IPO) and seeking out investment banks for advice. Valuation In May.

National 130

National Fraud Oakland Payments 130

PYMNTS

NOVEMBER 6, 2020

We have deep dives on digital payments, online ordering and memberships. Apple is still the most valuable company in the nation, but it’s worth $430 billion less than it was two months ago – primarily, analysts say, because of concerns that the new iPhones arrived too late, per news on Nov. Trackers and Reports.

Online 148

Online Payments Millennials Apple 148

PYMNTS

AUGUST 21, 2020

The companies are testing the service in four California and Oklahoma markets, with an eye toward a national launch in 2021. Stop & Shop owner Ahold Delhaize NV announced plans earlier this week for putting more resources toward online shopping operations. Ahold intends to outfit roughly 1,100 U.S.

Online 160

Online Seattle NV Oklahoma 160

PYMNTS

AUGUST 26, 2019

22) the Justice Department unsealed an indictment —spanning 252 counts — against 80 defendants for alleged online scams that bilked firms and individuals of tens of millions of dollars. As reported, many of those indicted are Nigerian nationals. Attorney’s Office for the Central District of California.

Fraud 145

Fraud Online Portland Los Angeles 145

PYMNTS

AUGUST 5, 2020

A report by the California-based agency, whose mission is to prevent consumers from being defrauded online by learning the identity of individuals or organizations, revealed the number complaints about coronavirus scams has doubled in most states. SocialCatfish.com, the identity verification nonprofit, reported U.S.

Study 280

Study Fraud Pennsylvania California 280

Bank Innovation

MARCH 22, 2016

Online marketplace lender Avant Inc. The new auto loan product will initially launch in California, and is expected to be live in Illinois and Georgia by early in the second quarter, with a national rollout expected by the third quarter, according to Avant.

Illinois 150

Illinois Georgia California National 150

PYMNTS

JULY 21, 2020

In a deal expected to create the world’s largest online classifieds company, eBay Inc. has agreed to sell its ad division to Adevinta ASA, the Norwegian online marketplace, for $9.2 The San Jose, California-based online selling mega corporation’s classifieds’ platforms include a dozen brands in 13 countries.

San Jose 130

San Jose Online Branding National 130

Perficient

NOVEMBER 8, 2021

BB : In 1992, I discovered these online bulletin boards, where you could communicate with people all around the world. I eventually got headhunted to work for City National Bank in Los Angeles. MM: So, you started at City National Bank, and was the bank online before you got there? Programming, Perficient, & Planning.

Industry 539

Industry cryptocurrency New Mexico Los Angeles 539

PYMNTS

FEBRUARY 6, 2020

Lauren Saunders, who serves as associate director of the National Consumer Law Center, said state-regulated lenders “lauder their loans up to 160 percent annual percentage rates through banks in order to evade state interest rate caps. These schemes are spreading across the country and are starting to explode.”.

Utah 130

Utah National California Regulation 130

PYMNTS

APRIL 16, 2020

The offering is now available from almost 2,000 stores in California, New York and Illinois, among other states, with plans to grow throughout the country in the months to come, according to an announcement. As it stands, Instacart partners with over 350 local, regional, and national retailers to provide delivery from over 25,000 stores.

Illinois 161

Illinois California Washington New York 161

PYMNTS

AUGUST 4, 2016

How cumbersome and annoying do you find the return process for items that you ordered online? The growth of online commerce continues at a rapid pace. The online shopping experience gets better every day. All online returns today are some version of ‘put in mail.’ shopping malls. One area has lagged behind — returns.

Online 100

Online Retail Policies California 100

TheGuardian

JANUARY 13, 2022

London-based firm founded by Swiss surfing enthusiast Guillaume Pousaz overtakes worth of rival Revolut A London-based online payments company has become Britain’s most valuable private fintech business after its latest fundraising valued it at $40bn (£29bn), handing its surf-loving founder a paper fortune of around $20bn.

Fintech 82

Fintech California National Online 82

PYMNTS

MAY 12, 2020

A survey by the National Community Pharmacists Association last fall found the number of independent pharmacies fell by nearly 20 percent to 18,478 stores last year, down from 23,029 in 2012. PillPack , the online pharmacy, was acquired by Amazon for $1 billion and is another contender for prescription dollars, PYMNTS reported.

Survey 200

Survey California Taxes Online 200

PYMNTS

NOVEMBER 8, 2018

Leafbuyer Technologies, the cannabis technology company, announced Thursday (November 8) it has acquired Greenlight Technologies, a California-based application development company. Leafbuyer noted in the press release that the acquisition more than doubles Leafbuyer’s client base in California. “We

Technology 147

Technology Marketing California Colorado 147

PYMNTS

NOVEMBER 4, 2020

Research confirms that QSR patrons are seeking multiple online and offline ordering methods. Restaurants need multiple strategies to meet customers’ demands for speed and convenience, regardless of whether they are ordering in person, by phone, online, via app or at kiosks in brick-and-mortar locations. The Evolution Of Ordering.

Meeting 230

Meeting Payments New York City Denver 230

PYMNTS

MARCH 7, 2019

Senate Homeland Security and Governmental Affairs Subcommittee on Investigations, executives from Equifax and Marriott were called out on their companies’ recent data breaches , while other witnesses helped describe the current landscape when it comes to online privacy and data security. During the hearing, Begor pointed out that all U.S.

Data 177

Data Security National Online 177

PYMNTS

NOVEMBER 29, 2019

Vouch Insurance , which offers insurance to high-growth technology firms through an online platform, said last week that it has raised $45 million in a funding round, and has expanded its service into California. The total raised to date comes in at $70 million.

Policies 191

Policies California United States Management 191

PYMNTS

MARCH 31, 2020

If there’s any industry that has been slow to transition online, it’s antiques. Two recent moves from leading arts and antique dealers are leading a trend toward online arts and antique buying. Now we’re going to take a smaller storefront and concentrate more online. We’re finally knocking down the barriers online.”.

Marketing 151

Marketing Phoenix Online New York 151

PYMNTS

MAY 12, 2020

The luxury car brand said the national “white glove” offering provides customers with a concierge to function as a host and help them through the process of shopping for as well as purchasing a new automobile, according to an announcement.

America 141

America Branding Retail California 141

PYMNTS

DECEMBER 17, 2020

The company was founded in 2015 as an on-demand fueling company in California and has expanded to on-demand oil changes, car washes and windshield treatments in five markets across the U.S. “We obviously took a huge hit when COVID hit, but we are now approaching the levels that we were [when] coming into it,” Yoshi CEO Bryan Frist told CNBC.

Retail 209

Retail California Exercises Industry 209

PYMNTS

JUNE 12, 2020

Palantir Technologies , the Palo Alto, California-based Big Data analytics company, is planning to go public soon and could be trading as early as this fall, sources told Bloomberg News. The pandemic has boosted Palantir, particularly with businesses using the products to help determine how to reopen.

Technology 131

Technology Analytics Big Data Software 131

PYMNTS

JULY 13, 2020

Brooks, 50, who held a career in the banking sector including stints at OneWest Bank, has served on the board at Fannie Mae and as chief legal officer at Coinbase, the digital currency exchange headquartered in San Francisco, California. Brooks told U.S.

San Francisco 172

San Francisco Regulation California National 172

PYMNTS

OCTOBER 15, 2020

The FBI is warning homebuyers to be on the lookout for internet criminals who are sneaking into online conversations between buyers and mortgage companies or other participants in the sale process and providing false instructions that dupe purchasers into wiring funds to the criminals’ accounts, CNBC reported Thursday (Oct.

Fraud 162

Fraud Report America California 162

PYMNTS

NOVEMBER 23, 2020

A recent report released by the United Nations found that 132 out of 194 countries have now introduced data protection regulations of some kind, all varying in terms of what type of information they protect and the severity of their restrictions. How NowRx Is Engineering Prescription Privacy During The Pandemic.

Industry 298

Industry Regulation Data Study 298

PYMNTS

SEPTEMBER 30, 2020

Consumers and businesses have been moving online in recent years, and regulators from the European Union to the Middle East and North Africa (MENA) region have worked to keep up with this migration. Consumers’ changing views are prompting MENA financial authorities to reexamine how their present regulations handle online privacy.

Regulation 175

Regulation Data Regional Examples 175

PYMNTS

FEBRUARY 2, 2021

Visa , which is the official payment technology partner of the National Football League (NFL), will provide small- to medium-sized businesses (SMBs) with a one-day offer that will waive some of the costs connected with getting online and taking digital payments on Super Bowl Sunday (Feb. 7), according to a Tuesday (Feb.

Tampa 211

Tampa San Francisco New York Miami 211

PYMNTS

OCTOBER 16, 2017

Grubhub , a mobile food ordering and delivery platform, is expanding its range of delivery and catering options once again, this time by announcing news of a partnership with another national leader in food services: BJ’s Restaurants and Brewhouse. Grubhub continues to expand its platform and consumer choice in online food delivery. .

District of Columbia 102

District of Columbia North Carolina Kentucky Nevada 102

PYMNTS

OCTOBER 24, 2019

Wayfair ruling gave states and cities permission to tax remote sellers and online marketplaces based on their economic participation in the state, regardless of whether they had physical presences. Online retailers aren’t sitting still when faced with new taxes — and some are even fighting back in court. online tax landscape.

Taxes 101

Taxes San Jose Kansas South Dakota 101

PYMNTS

SEPTEMBER 9, 2020

Several reports say the new service is being tested in Dallas and Southern California, and could be rolled out nationally to include more loyalty perks, possibly tying in gasoline. households were active online grocery customers. Cumulatively, these have been aiding identical supermarket sales.”. million U.S. million households.

Dallas 141

Dallas California Survey Industry 141

PYMNTS

AUGUST 29, 2016

26) they seized around €1 million earlier in 2016 in connection with a operation that was being run on an online dark market. In a report by CoinDesk , a representative of Finland’s customs office said the online drug site was named Valhalla, which has been in operation since Oct. Finland customs agents announced on Friday (Aug.

Online 101

Online National Operations California 101

PYMNTS

APRIL 25, 2017

TechCrunch said the fight between states and the OCC centers on a proposal made by the OCC in December, in which it details a program that enables FinTechs to apply for charters to become special purpose national banks. Among the states that have issue with it are New York, Florida, Ohio and California. Take New York as one example.

Fintech 109

Fintech Ohio Florida Oregon 109

PYMNTS

SEPTEMBER 13, 2018

Macy’s announced it is hiring 80,000 temporary workers for the holiday season, as well as adding more employees to handle online orders. The retailer said that around 23,500 of the seasonal positions will be based in facilities that support online sales, an increase of 5,500 positions compared to 2017. Macy’s, Inc.

West Virginia 101

West Virginia Tulsa Arizona Sacramento 101

PYMNTS

JANUARY 11, 2021

Meanwhile, the National Restaurant Association estimates that more than 100,000 eateries have either closed permanently or at least long term due to the pandemic. Second, the inability to physically frequent many retail establishments created a new set of online shoppers. That’s one out of every six.

Los Angeles 207

Los Angeles Retail San Diego San Francisco 207

CFPB Monitor

OCTOBER 11, 2018

At the Online Lending Policy Institute’s (OLPI) annual summit in Washington, D.C. earlier this week, the OCC’s recent decision to accept applications from non-depository financial technology firms for a special purpose national bank (SPNB) charter was the focus of considerable discussion.

Policies 60

Policies Lending Data Online 60

PYMNTS

JANUARY 6, 2020

3, 2020, the California Consumer Privacy Act (CCPA) went into effect, ushering in the strongest consumer data protections in the U.S. Ironically, the CBRT’s early embrace of PSD1 gave legacy FIs an advantage over FinTechs that have to try harder to find niches to exploit in a surprisingly robust and versatile national banking system.

Fintech 130

Fintech Regulation California System 130