California Lets Aurora Operate Driverless Cars

PYMNTS

Self-driving vehicle company Aurora has been approved by California regulators to allow passengers rides in its fleet of driverless vehicles, according to reports. The company did not specify when it would allow California passengers in its vehicles.

California Cops Enlist Drones For Lockdown Enforcement

PYMNTS

A police department in California is going to use drones equipped with loudspeakers to help enforce the state lockdown orders imposed due to the coronavirus, according to a report by the Financial Times. Coronavirus California Drones News What's Hot

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California Tells Uber And Lyft Their Drivers Are Employees

PYMNTS

The California agency that regulates ride-hailing companies Uber and Lyft said their drivers are considered employees under the state’s new gig work law, the latest development in the fight over drivers’ status, Reuters reported. Ridesharing California Gig Workers Lyft News Uber What's Hot

California Won’t Open Restaurants Right Now After All

PYMNTS

California Gov. Instead, he told a news conference that the state will issue new guidance for California food and dining establishments on Thursday (May 7). Retail California Gavin Newsom governor News regulations reopening Restaurants What's Hot

California man faces life for illegally operating a Bitcoin ATM

ATM Marketplace

A 25-year-old Westwood, California man has agreed to plead guilty to federal charges for illegally operating a crypto exchange and a bitcoin ATM where he laundered up to $25 million in cash and crypto for individuals, including drug dealers

Guiding California’s Indie Truckers Through Legislative Disruption

PYMNTS

California’s Assembly Bill 5 ( AB5 ) was signed into law last year, but the legislation, which lays out rules to classify workers as either employees or independent contractors, continues to cause debate and disruption, with the trucking industry, one of the most heavily affected markets.

The ABCs Of The California Gig Worker Ruling

PYMNTS

Early this week, a judge denied a request from Uber and Postmates to halt the enforcement of a new California labor law — known as AB5 , which was voted into law last year — that would place new restrictions on gig economy workers. There’s a saying in jurisprudence: Hard cases make bad law.

California settles with point-of-sale lender Afterpay

Payments Source

The Australian firm agreed to pay around $1 million in connection with allegations that it broke the law by operating without a license in the nation's largest state. Consumer lending Retail industry State of California Point-of-sale State regulators

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.

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

Employee Or Contractor? California Freight Enters The Worker Classification Debate

PYMNTS

There are few more contentious issues currently than the status of workers operating on platform-type business models,” noted Brandeis University Heller School Dean David Weil in an interview with The New York Times in March. California Trucking Weighs In.

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.

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

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

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 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

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 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.

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.

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.

California settles with point-of-sale lender Afterpay

American Banker

The Australian firm agreed to pay around $1 million in connection with allegations that it broke the law by operating without a license in the nation's largest state. Consumer lending Retail industry State of California Point-of-sale State regulators

Perficient Helps Adjust to the California Consumer Privacy Act

Perficient Financial Servies

Whether it’s keeping pace with today’s digital transformation and cross-channel experience demands, improving operational efficiency, or dealing with the complexities of regulatory reform, we’re helping you redefine the future of financial services for your customers. 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.

Restaurant Operator Blames Bankruptcy On Wage Hike

PYMNTS

an eatery operator with 35 restaurants, has filed for bankruptcy and is blaming the misfortune on a recent minimum wage hike in court filings, according to a report by Bloomberg. Restaurant Unlimited’s geographic area is around California, Oregon and Washington. “We

Fundation Digitizes SMB Loans For Banc Of California

PYMNTS

In a press release , Fundation said it is collaborating with Banc of California to develop a streamlined, digital small business lending and line of credit solution that the bank can offer to its small business clients.

Pony.ai Will Test Driverless Car Service In California 

PYMNTS

The service is going to run six days a week, Monday through Saturday, and operate on public roads in a variety of areas. . The company wants to eventually build level 4 autonomous cars, which are able to perform driving operations without the supervision of humans, under most circumstances. .

Gearing Up New Operations

Independent Banker

When Leto took the executive helm last year of Bryn Mawr Trust’s parent company, it was operating a very small insurance agency that was hardly making money. “We Katie Kuehner-Hebert is a freelance financial writer in California. General Highlighting Operations & Management

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.

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. Prosecutors have also said that the site’s operators illegally funneled money through multiple companies and created various websites to get around banks that refused to process transactions. In fact, California prosecutors and U.S.

Top News in Payments: Uber Halts Upfront Pricing in CA; Amex Cleared To Operate In China

PYMNTS

In today’s top news, Uber drops upfront pricing in California in response to the state’s new gig economy law, and the central bank in China said it accepted an American Express application to start working in the country. California Gig Decree Prompts Uber To Halt Upfront Pricing.

CA 166

California publishes final student loan servicer regulations; California bill introduced to require additional information in annual borrower benefits notices

CFPB Monitor

The California Department of Business Oversight has sent an email to servicers notifying them of the publication of its final student loan servicer regulations , which became effective March 28, 2019. Servicers have been operating without final rules since the Student Loan Servicing Act became effective on July 1, 2018. The rules create seven new articles under a new chapter of the California Code of Regulations.

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.

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.”

Bay Area grocery store rethinks payments amid coronavirus panic

Payments Source

It’s a rare occurrence for a business to receive a huge business spike while also shutting parts of the operation, but that’s where the coronavirus has landed Farmstead. Online payments Retailers Prepaid cards California Coronavirus

Today In Payments: Wirecard Files For Insolvency; New York To Ease Cryptocurrency Regulations

PYMNTS

Plus, California seeks a court order to make Uber and Lyft classify drivers as employees. California Seeks Court Order To Make Uber, Lyft Drivers Employees. In response, Uber has said more than 158,000 Uber drivers in California would lose work if the reclassification happens.

Eddie Bauer And Pacific Sunwear Combined In New Operating Company

PYMNTS

After news surfaced in May that Golden Gate Capital was considering a merger of Eddie Bauer and Pacific Sunwear of California , the private equity firm has created a new operating company comprised of the two retailers. A new PSEB Group consists of both brands, which will operate their own independent front ends but benefit from shared services, retail news source Chain Store Age reported. “By