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Philadelphia Passes Ban On Cashless Stores To Fight Income Discrimination

PYMNTS

Lawmakers in Philadelphia have passed a ban on cashless stores, making it the first major city in the U.S. 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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Fintech’s Beneficiaries: Two Approaches to Regulation

Celent Banking

British Prime Minister Theresa May visits the United States this afternoon to address a gathering of Republican lawmakers in Philadelphia, followed by a visit to the White House tomorrow. A blog entry by my colleague Patty Hines represents an excellent summary of this report.

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New Jersey Outlaws Cashless Businesses

PYMNTS

Philadelphia recently became the first major city to pass a ban on cashless shops; New York, San Francisco, Chicago and Washington are reportedly considering passing similar legislation. The Philadelphia law takes effect in July and will also require most retail outlets to accept physical currency.

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Fed’s Patrick Harker Pushes For FinTech Oversight

PYMNTS

6), Philadelphia Federal Reserve Bank President Patrick Harker said that increased regulatory oversight of the growing FinTech sector is necessary. Regulation is not just a question of protecting consumers; it’s a question of protecting the innovators as well,” Harker said. On Monday (Feb. They can’t borrow money.

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PLI 25th Annual Consumer Financial Services Institute – 25% discount available

CFPB Monitor

The Institute is considered the country’s premier consumer financial services CLE program and this year’s Institute will once again explore in detail important developments in consumer financial services regulation and litigation. I am again co-chairing the event, as I have for the past 24 years. I will co-moderate both.

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PLI 24th Annual Consumer Financial Services Institute – 25% discount available

CFPB Monitor

PLI’s 24th Annual Consumer Financial Services Institute will take place on March 25-26, 2019, in New York City (and by live webcast and groupcast in Philadelphia, Pittsburgh, and Mechanicsburg, Pennsylvania, and New Brunswick, New Jersey); on May 20-21, 2019, in Chicago; and on December 9-10, 2019, in San Francisco (and by live webcast).

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The 2019 GonzoBanker Awards

Gonzobanker

Brown gives his employees $100 to go open accounts across the Philadelphia area and then shares the results: good, bad and humorous. It is an innovator with tech (e.g., Netflix co-founder Marc Randolph said the leading trait of an innovator is identifying pain. This year Brown also had his team shop the digital channel.

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