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Massachusetts Regulators To Crack Down On Robinhood

PYMNTS

Robinhood has come under the watchful eye of regulators — this time in Massachusetts. The complaint is from the office of William Galvin, Massachusetts secretary of state. We are committed to operating with integrity, transparency and in compliance with all applicable laws and regulations.”.

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

PYMNTS

The Federal Reserve is working with the Massachusetts Institute of Technology (MIT) to explore the possibility of issuing a digital currency. As courts force an end to the use of gig workers by Uber and Lyft in California, the CEO of Just Eat Takeaway said he intends to stop using independent contractors at his European operations.

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NJ Lawmakers: Brick-And-Mortars Must Accept Cash

PYMNTS

Additional violations would fall under the consumer fraud act, which means retailers could face penalties of up to $20,000. The eCommerce giant operates a cashless Amazon Books store at Garden State Plaza, a mall in Paramus, N.J. So far, only Massachusetts has a law banning cashless stores.

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Crypto 2020: One Step Up; Two Steps Back

PYMNTS

Or maybe that cryptocurrencies have yet to go mainstream beyond the headlines because fraud still lurks. Meanwhile, Visa said that crypto-banking platform operator Ternio had joined the payments giant’s Fast Track program as a cryptocurrency-focused enablement partner. Keeping An Eye On Fraud.

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Congress Presses Fed On Real-Time Payments Plan

PYMNTS

Speaking before Congressman Stephen Lynch of Massachusetts, senior member of the House Committee on Financial Services, and the rest of the committee, witnesses from the Fed and other areas of the payments community offered their support to FedNow — but not without caveats. This mirrors our ACH system, which has two operators,” she noted. “To

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Regulatory and litigation risks to consumer financial services providers highlighted in Ballard Spahr webinar on COVID-19 crisis fallout

CFPB Monitor

Mr. Roddy discussed the emergency debt collection regulation issued by the Massachusetts AG and the possibility of state UDAP claims based on collection activities during the crisis. All of the speakers stressed the need for companies to identify potential sources of risk in their operations and attempt to address those risks in advance.

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Synchrony Says Erroneous Email Not Tied To Data Breach

PYMNTS

Senators Ron Wyden of Oregon, Chris Van Hollen of Maryland, Ed Markey of Massachusetts, Chris Coons of Delaware and Gary Peters of Michigan sent a letter asking whether the technology could be accessed by foreign entities or whether it posed a risk to national security.

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