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Today In Payments: California Proposes Financial Watchdog; Germany Launches Investigation Into Amazon

PYMNTS

In today’s top news, California lawmakers propose a financial watchdog at the state level, and Germany launches an antitrust investigation into Amazon. California Proposes Financial Watchdog Agency. At the center of it all: online gaming, and the way we access the latest popular diversions (or don’t).

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ICBA’s 2021 National Community Bank Service Award winners

Independent Banker

ICBA’s National Community Bank Service Award winners for 2021 demonstrate that when their local areas need support, community banks are there with innovative, compassionate and thoughtful responses. Roshan McArthur is a writer in California. We stood this up from zero to fully operational in two weeks,” Goldfeder says.

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The Best Checking Accounts in California of 2021

MyBankTracker

If you live in California and need to open a new checking account, these are some of the best options available. The Largest Banks in California. The largest banks in California, by deposits, are: Bank of America. City National Bank. Best Checking Account from Local California Banks. Wells Fargo. Union Bank.

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The Race For Online Grocery Shopping Heats Up

PYMNTS

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. billion in U.S.

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 Justice Department Indicts 80 in Massive Online Fraud Scheme

PYMNTS

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.

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Capitol Hill Hearing Examines ‘Rent-A-Bank’ Schemes To Sidestep Interest Rate Caps

PYMNTS

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.”.

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Adevinta Signs Deal To Buy eBay’s Classifieds Division For $9.2B  

PYMNTS

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 Adevinta operates in 15 countries and its portfolio includes nearly three dozen digital products and websites.

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