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Today In Payments: GoCardless Raises $95 Million; BarkBox To Go Public Via SPAC At $1.6 Billion Valuation

PYMNTS

Massachusetts Suing Robinhood, Alleging Failure To Protect Investors. Massachusetts regulators filed a complaint against Robinhood on Wednesday (Dec. 16) alleging that the stock-trading platform failed to protect its customers and their assets, violating state laws and regulations.

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State Regulation, Conference of State Bank Supervisors, Financial Services, FinTech, Charles Clark, Washington State Department of Financial Institutions, License, Regulation, Bank of Indonesia, FinTech, Bitcoin, Cryptocurrency, News

PYMNTS

Through the Conference of State Bank Supervisors, Georgia, Illinois, Kansas, Massachusetts, Texas, Tennessee and Washington are looking to standardize the ways firms across traditional financial services and FinTech upstarts apply for, and are granted, licenses. Can the states make licensing – of the money movement kind – any easier?

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Kabbage Lawsuit Ignites Debate Over ‘True Lenders,’ Fintech-Bank Partnerships

Bank Innovation

The lawsuit of a small business in Massachusetts against alternative lender Kabbage is raising questions about the role of partner banks in marketplace lending, namely, whether it’s the bank or the fintech that can be called the “true lender.”

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Bitcoin Daily: New Data Set To Help Flag Illicit Crypto Transactions; MIT Study Finds Only 2 Pct. Unlawful

PYMNTS

Elliptic collaborated with researchers from the Massachusetts Institute of Technology (MIT) on the data set, which was taken from 200,000 bitcoin transactions worth $6 billion — the largest set of labeled transaction data publicly available in any digital currency in the world. “On CoinDesk reported that investors are expected to move 29.9

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Mnuchin: US Should Examine Amazon’s Retail Practices 

PYMNTS

Senator Elizabeth Warren of Massachusetts said earlier in 2019 that large tech firms like Facebook and Amazon should be broken up. And, in the process, they have hurt small businesses and stifled innovation.”. billion euro fine from regulators across the pond, where the search giant has been accused of antitrust behavior.

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Philadelphia Passes Ban On Cashless Stores To Fight Income Discrimination

PYMNTS

Massachusetts already requires businesses to accept cash. . The move could affect innovation for companies like Amazon and its cashless “Go” stores, which link to an Amazon account through a mobile device and automatically charges for purchases.

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Uber’s $100M Settlement Avoids Classifying Drivers As Employees

PYMNTS

and Massachusetts (Yucesoy v. that will see Uber pay up to $100 million in restitution to drivers in those states, but won’t require the company to recategorize and regulate its drivers as full-time employees. Uber CEO Travis Kalanick announced that the company had settled two court cases filed in California (O’Connor v.