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

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

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.

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 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

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

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 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.

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

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

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. .

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 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.

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.

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.

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.

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 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.

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

China’s Byton Gets License To Launch Electric SUV In US

PYMNTS

18) that it has secured a distributor license from California, bringing it one step closer to bringing its first electric SUV, Byton M-Byte, to the United States. Byton has also created Byton Cars California LLC as its retail entity. Chinese startup Byton announced Monday (Nov.

Giving Truckers Better Loans Can Lower Carbon Footprints: Here’s Why

PYMNTS

Of late, California’s emissions standards have become a source of some controversy as the state’s ability to set emission standards for cars and trucks that are higher than the standards imposed by the U.S. “California’s Clean Car Standards are achievable.

Retail Pulse: Chef’d Halts Operations; Gymboree Updates Brand

PYMNTS

The situation seemed to recently come to a head, as the company told employees that it was shuttering its operations. Chef’d Founder and CEO Kyle Ransford reportedly told employees of its decision to close late on Monday (July 16): “Due to setbacks with financing, unfortunately, we are ceasing operations for all employees,” Ransford reportedly wrote in an email to employees.

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.”

Car Commerce Tracker: Self-Driving Tech Companies Weigh In On California Policy

PYMNTS

Then, companies working to develop the technological means for cars to drive themselves have levied more than a few criticisms against proposed regulation changes in the state of California. sales operations. This is why Apple, Tesla, Waymo and others gearing up to create marketable self-driving tech have given some critical input on new self-driving regulations under development in the state of California. Another big week in the developing connected car space.

CA College Student Accuses TikTok Of Illicit Data Harvesting

PYMNTS

A California college student has filed a lawsuit against TikTok , accusing the viral video service of sending her personal data to its parent company in China, as well as creating an online profile for targeted advertising, without her consent.

CA 130

Apple, Others Face Patent Claim From Firm Over Hands-Free, Voice Operated Devices

PYMNTS

Apple, Microsoft and Samsung are facing litigation from California-based SpeakWare that accuses the technology firms of patent infringement. The company claims the firms are using its 2002 patent for a hands-free, voice operated, remote-control transmitter, according to a report from CultofMac.com.

Can IoT Developers, Lawmakers Ever See Eye To Eye?

PYMNTS

Microsoft , for one, recently made a major move by acquiring Express Logic , a California-based company that develops operating systems for microcontrollers, which are key components of many IoT devices. Currently, Express Logic operating systems are installed in 6.2

Chapter 11 Watch: Hockey Chain Put On Ice, California Livin’ Goes Bust In Hong Kong

PYMNTS

That does little to stop events already in motion from coming into the light of day eventually, and as Hong Kong’s California Fitness chain of gyms is finding out, it does even less to quell public outrage when it happens. Minyard was founded back in 1932 and, at one point, operated more than 80 locations throughout the South.

A Year After Lyft’s Billionth Ride, The Industry Weathers Big Challenges

PYMNTS

The story for the ride-hailing operation back then was about moving into new markets — not only new geographies but newer forms of transportation such as scooters — and having all that action fuel continued growth.

It’s Always 5 O’Clock Somewhere: Distilleries Get Into Subscription Retail

PYMNTS

Shots Box had to open a retail store in Southern California so the company could legally sell to online consumers via those boxes (shoppers can also go onto the Shots Box website to access those full bottles of craft spirits).

Retail 242

Colorado’s Marijuana Industry Tops $6B

PYMNTS

In comparison, California ‘s marijuana market has struggled since sales began in January 2018. Legislators are trying to find ways to help: Last year, California policymakers introduced a bill that would allow banks and credit unions to provide account services for legal cannabis companies. He added that the legislation would “integrate these businesses into the fabric of the California economy.”.

Report: Data Key To Credit Union Member Retention

PYMNTS

The scrutiny isn’t stopping mergers, however, as two of the largest CUs in Southern California are set to become one early next year. LA Financial is expected to keep its original name but operate as a division of Ventura County CU.

Report 180

Can a Mobile Lending App Save Millennial Credit Ratings?

Bank Innovation

Lenny is meant for mobile (of course) and launched today in California. Lending Online Operations Payments Press Release Security Social Media Technology Bayen dwolla Equifax lending Lenny loans mobile app operations payments point of sale securities student loans TransUnion

Credit Unions Play To Their Strengths To Compete With Large Banks

PYMNTS

One CU making waves in the digital scene is California Coast Credit Union (CCCU), a San Diego-based financial institution (FI) with 185,000 members and $2.6 Financial technology has made enormous strides in recent years, though it has been largely used only by institutions that can afford it.

Nearly 100 Pizza Huts To Test Beer Delivery

PYMNTS

As restaurant operators seek to bolster sales in the face of weak traffic growth, Yum! Brands’ Pizza Hut is bringing beer delivery to approximately 100 of its restaurants in California and Arizona. The new rollout will include cities such as Tucson, Prescott and Winslow in Arizona, and Los Angeles, Bakersfield, Sacramento and Santa Barbara in California. Delivery Beer Delivery News Pizza Hut Pizza Hut Arizona Pizza Hut California Pizza Hut Delivery Retail What's Ho

Tucson 156

Lack of Collaboration Within Banks Holds Back Machine Learning Initiatives

Bank Innovation

Exclusive Innovations Operations Premium Risk blockcahin data analytics IBM IBM Watson machine learning ParallelM

Yelp Wins Court Ruling About Negative Online Reviews

PYMNTS

A recent California Supreme Court decision that essentially allows a negative Yelp post to stand about a lawyer could help determine how online reviews are treated in the future. In a 4-3 decision on Monday (July 1), the California Supreme Court ruled that Yelp is not responsible for a one-star review left on its site about San Francisco lawyer Dawn Hassell. Legal California Supreme Court Facebook free speech libel negative reviews News Online Marketing online reviews Yelp

Online 143

Subpoenas Start To Fly In Wake Of Gig Economy Ruling

PYMNTS

The move comes as a result of the recent decision from the California Supreme Court that said gig economy companies can’t count workers as independent contractors instead of employees. The ruling is not only widely viewed as a blow to companies that take part in the gig economy, but could influence how franchisors operate, according to at least one source. And here come the subpoenas ….

CFPB files complaint alleging defendants ran unlawful debt relief operation

CFPB Monitor

The CFPB has filed a complaint in a California federal district court against three law firms and two individual attorneys alleging that they offered debt relief services to consumers in violation of the Telemarketing Sales Rule (TSR) and the Consumer Financial Protection Act (CFPA). The company then shut down its operations and a trustee appointed by the bankruptcy court took control of the company’s assets. Barbara S. Mishkin.

Nipton, Calif., Goes To Pot, Literally

PYMNTS

Malls operated on that theory for years: Put a few anchor stores in to draw foot traffic and the smaller ancillary stores feast on the revenue rewards of being close by. Nipton, appropriately enough, has it roots in the mining communities that popped up in the California and Nevada desert during the gold and silver rushes that sent eager prospectors and fortune hunters flooding west during the 19th century. In real estate and in retail, location is everything.

Supervalu Expands To West Coast With Acquisition Of Unified Grocers

PYMNTS

announced it is acquiring Unified Grocers, a California-based wholesale grocery distributor, for about $375 million. The merged companies will now operate 24 distribution centers supplying customers in 46 states with a combined customer base of more than 3,000 stores. Retail Acquisition California grocery store Supervalu Unified Grocers West Coast What's HotSupervalu Inc.