INDUSTRY INSIGHTS YOUR PEERS ARE READING
The Los Angeles City Council passed a motion last week to restrict large banks vying for city contracts from using predatory sales goals in response to the furor over Wells Fargo's phony accounts scandal. breaking_news compliance cfpb law-regulation MORE
Now, Los Angeles has even begun to develop location-specific skills for Alexa, with tentative plans to bring Google’s Allo and Microsoft’s Cortana along for the ride. But like most things, Los Angeles is starting off small with its AI assistant integrations — testing the digital waters rather than diving in head-first. Launched last month, users could ask Alexa to find holiday events in the Los Angeles area by saying, “Alexa, ask L.A. MORE
The deal, which is expected to close in the fourth quarter, should significantly increase PacWest's operations in southern California. Growth strategies M&A Capital California MORE
Nearly half (46%) of respondents expect to increase international payments in 2016, with 29% planning to upgrade to deploy automated systems LOS ANGELES – October 4, 2016 — AFEX, one. MORE
Maxine Waters, the Los Angeles congresswoman, is expected to set her sights on Wells Fargo and Deutsche Bank when she becomes head of the House Financial Services Committee in January. MORE
Though Musk has an ambitious tunneling project called The Boring Company , which aims to alleviate Los Angeles traffic by creating a network of tunnels beneath the city, the company has also raised funds by selling a bizarre line of Boring Company-branded products, such as a flamethrower. Retail Cryptocandy Elon Musk Elon Musk Companies Los Angeles News The Boring Company What's HotElon Musk just might become the next Willy Wonka with his latest venture. MORE
Tesla Founder Elon Musk has added another prong to his master plan to save the world, an ambitious tunneling project called The Boring Company that aims to alleviate Los Angeles traffic by creating a network of tunnels beneath the city. The Boring Company is working to reduce costs, tunnel sizes and project lengths for new ventures — first in Los Angeles, then in other markets. Dos Equis has the “Most Interesting Man in the World.” MORE
I supported CIT Group’s proposed acquisition of OneWest Bank at a hearing in Los Angeles last week because I think it will be good for savers — or at least some savers. MORE
The Los Angeles unit of Royal Bank of Canada plans to use FilmTrack to handle more complex transactions for major networks, studios and distributors. MORE
KrebsOnSecurity has identified a potential card breach affecting Trump hotels in Chicago, Honolulu, Las Vegas, Los Angeles, Miami and New York. Uncategorized Chicago Honolulu KrebsOnSecurity Las Vegas Los Angeles MIAMI NAFCU Today New York Trump hotels MORE
When Los Angeles first began its efforts to market to international tourists in 2006, China wasn’t much of a consideration. Chinese tourism is a big deal for Los Angeles. tourism Los Angeles tourism Mobile Payments NewsWith all of the nations that sent tourists to L.A., China didn’t even make the top 10 a little over a decade ago. MORE
Financing & Exits Geographies Los Angeles Massachusetts New York Venture CapitalWhile Silicon Valley remains the top area for VC-backed startup funding, activity has long since defused to New York and beyond, with LA and Boston seeing a large number of deals and dollars flowing to startups in the region. Below … Continued. MORE
The Los Angeles company said it is also looking into internal controls tied to construction lending. Commercial lending Community banking Earnings MORE
Currently offered in a session subscription payment method, Handstand is available in Los Angeles and Orange County; the plan is to roll it out to Boston, New York, San Francisco and Chicago. uber of x fitness handstand Los Angeles News startups Uber of XDid you know that physical trainers and fitness instructors only get paid a very small fraction of the cost you pay the gym per hour? MORE
Whole Foods has expanded its 365 concept to Los Angeles with a new opening in the Silver Lake neighborhood. The store focuses on serving millennial customers who value convenience, are mindful of price and tend to keep away from products containing artificial preservatives and colors. Much like an ordinary Whole Foods store, the newly opened 365 store offers grab-and-go food and grocery items, including produce, bakery, supplements and beverages, among other things. MORE
SoFi has announced that it has signed a 20-year agreement with LA Stadium and Entertainment District at Hollywood Park to be the exclusive naming rights partner of the new SoFi Stadium, the future home of the Los Angeles Chargers and the Los Angeles Rams. MORE
Float – a Los Angeles-based startup, launched today – is set to change that. It’s not news that millennials hate credit cards. Which is one of the reasons a lot of them end up as “thin file,” with through-the-roof overdraft fees. MORE
The Los Angeles metro area is home to tech unicorns such as Snap, The Honest Company, Age of Learning, and Procore Technologies, among others. Funding & Dealflow Geographies Los Angeles Venture CapitalAs LA’s community of tech talent, entrepreneurs, and founders continues to grow, the area is seeing a … Continued. MORE
Law and regulation Government finance Compensation City of Los Angeles, CA 544351 Wells FargoA measure passed by the city council, which still needs final approval, would require banks that want city contracts to disclose whether they set individual or branch-level sales requirements. It comes in response to the Wells Fargo fake account scandal. MORE
InComm has partnered with the Los Angeles County Metropolitan Transportation Authority (Metro) to more than quadruple the number of retail locations at which customers can purchase and reload its contactless TAP transit fare cards. MORE
Outside of Silicon Valley, New York has seen the most venture-backed companies exit since 2012, over Boston and Los Angeles. Geographies Los Angeles Massachusetts New YorkIn fact, nearly half, 44%, of all the exits in the three cities over the last five years were for … Continued. MORE
Passport, company that’s managing much of the technical aspects of how people pay to use public transportation resources in cities like London, Miami and Los Angeles, has just raised $43 million. MORE
Reuters is reporting that Los Angeles Federal Credit Union has been hit with a proposed class action lawsuit accusing the credit union of violating federal regulations by not properly obtaining customers' consent before charging overdraft fees for its checking accounts. MORE
The following is a guest post by Samir Kaji (@samirkaji), Senior Managing Director at First Republic Bank (@firstrepublic). When ranking US startup hubs, it’s widely accepted that New York City stands out clearly as the largest venture ecosystem outside of … Continued. Guest Post Uncategorized MORE
Ben Savage, partner at the Los Angeles-based Clocktower Technology Ventures, told Bank Innovation that the flourishing fintech ecosystem holds both risks and opportunities for banks, […]. MORE
(The Paypers) Gemalto has announced a partnership with the US Customs and Border Protection agency to work on a biometric boarding system at Los Angeles International Airport MORE
While the Super Bowl is expected to showcase great football on Sunday, when the Los Angeles Rams and New England Patriots face off, it will also feature the year’s “championship” of TV […]. MORE
Industrial rents in already-expensive cities like Los Angeles and Boston are expected to get a boost because of weed startups, according to Bloomberg Markets. Real Estate boston legalization Los Angeles Marijuana News Recreational marijuana Rent Retail startups warehouse weed What's HotSpace in those cities will be snapped up as part of a wave of pot legalization that was set in motion when eight states voted to permit cannabis in some form. MORE
So, we went from 600 profiles in Los Angeles to 12,000 over eight hours after our New York Times story. uber of x Borrow Dogs ecommerce Los Angeles Pet owners Pets sharing economy Uber of XDog lovers rejoice! If you ever wanted a dog but couldn’t care for it full-time, you’ve got an opportunity here. If you have a dog and are looking for a new “dog-sitter,” you’ve got an opportunity here. Meet Liam Berkeley, founder and CEO of Bark’N’Borrow. MORE
To do this, the Los Angeles-based company is determining financial […]. Sunbit, a point-of-sale lending company, is using recent credit file data to underwrite borrowers without FICO scores. MORE
Merchant Innovation American Green California Cannabis cannabis commerce Congress Innovation Jeff SEssions Las Vegas Legislation Los Angeles Marijuana narcotics Nevada News Nipton CA pot pot tourism Retail Retail Feature Tourism weedIn real estate and in retail, location is everything. 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. MORE
Following a positive reception from customers , Nordstrom Local announced two more Los Angeles locations for its hyperlocal retail concept. Overall, Nordstrom’s largest market is Los Angeles: The city has four million customers and 16 full-line, brick-and-mortar stores. One store will be 1,200 square feet and located in Brentwood, while another will be a 2,200-square-foot store in the city’s downtown area. MORE
Los Angeles was, perhaps unsurprisingly, the first U.S. Los Angeles. The City of Angels launched its Alexa skill during the 2016 holiday season and leveraged it to push out information about holiday events in the area. The Los Angeles Information Technology Agency, which developed the skill, soon taught Alexa to provide information about reading times at local libraries and information about City Council members and upcoming sessions. MORE
MidFirst Bank in Oklahoma City has agreed to buy 1st Century Bancshares in Los Angeles. breaking_news community-banking m-a ca ok dealmaking-strategy MORE
2 in Los Angeles. The post CUNA, leagues to attend NCSL in Los Angeles next week appeared first on CUInsight. CUNA and leagues will be on hand with nearly 6,000 attendees at the National Conference of State Legislatures (NCSL) Legislative Summit July 30-Aug. Attendees include state legislators, legislative staff, government officials, business representatives, and others interested in public policy. MORE
Banking industry groups said they were vindicated by the defeat of the ballot measure, but public banking advocates plan to keep pushing the idea. Consumer banking Underbanked Alternative banks MORE
Carvana , the eCommerce platform for buying and selling used cars, opened its latest Car Vending Machine in the Westminster area of Los Angeles, the company announced today (Aug. The Los Angeles location marks the firm’s 20th Car Vending Machine in the U.S. MORE
Without investigations by the Los Angeles Times and city prosecutors, the Wells Fargo account scandal would never have come to light. Where were federal regulators? consumer-finance occ enforcement cfpb exams compliance law-regulation MORE
Submitted images will serve as inspiration only, however — though they may appear on screens alongside models at a preview runway event in the Los Angeles Fashion District on Oct. Retail Fashion Line Fashion News fast fashion Forever 21 Los Angeles Fashion District News partnerships Taco Bell What's HotWant to wear your love of tacos on your sleeve? And no, we don’t mean sauce stains. MORE
However, Los Angeles has been coming into its own over the last decade or so. In this week’s Tech Center tracker, Shivani Siroya, CEO of Tala , spoke with PYMNTS on how the Los Angeles area is becoming a center for tech. Los Angeles County had an estimated population of 10 million in 2015. GDP of Los Angeles County (2015): $930.82 There’s a chance that Los Angeles is ready to take on Silicon Valley. MORE
Visa has signed a definitive agreement to acquire the Los Angeles-based chargeback and dispute resolution platform provider Verifi. Risk management Chargebacks M&A Visa MORE
In a press release, Alipay said that with the beta launch, any of Alipay’s more than 520 million users visiting North American cities, such as New York City, Los Angeles, Las Vegas and San Francisco, can now easily discover, plan, make reservations, share experiences and pay for them via online payments at any local business using Yelp’s content. MORE
Construction is set to kick off next month on The Music Center plaza's extensive $40 million renovation in Downtown Los Angeles MORE
15 Bonnie Lee will succeed C.G. Kum, who is retiring as CEO next month. Community banking C-suite Succession planning WIB scan California MORE
Los Angeles Related Topics PYMNTS
JULY 10, 2018
Following a positive reception from customers , Nordstrom Local announced two more Los Angeles locations for its hyperlocal retail concept. Overall, Nordstrom’s largest market is Los Angeles: The city has four million customers and 16 full-line, brick-and-mortar stores. One store will be 1,200 square feet and located in Brentwood, while another will be a 2,200-square-foot store in the city’s downtown area.
PYMNTS
FEBRUARY 24, 2017
However, Los Angeles has been coming into its own over the last decade or so. In this week’s Tech Center tracker, Shivani Siroya, CEO of Tala , spoke with PYMNTS on how the Los Angeles area is becoming a center for tech. Los Angeles County had an estimated population of 10 million in 2015. GDP of Los Angeles County (2015): $930.82 There’s a chance that Los Angeles is ready to take on Silicon Valley.
CB Insights
OCTOBER 20, 2016
The following is a guest post by Samir Kaji (@samirkaji), Senior Managing Director at First Republic Bank (@firstrepublic). When ranking US startup hubs, it’s widely accepted that New York City stands out clearly as the largest venture ecosystem outside of … Continued. Guest Post Uncategorized
PYMNTS
MAY 26, 2016
Whole Foods has expanded its 365 concept to Los Angeles with a new opening in the Silver Lake neighborhood. The store focuses on serving millennial customers who value convenience, are mindful of price and tend to keep away from products containing artificial preservatives and colors. Much like an ordinary Whole Foods store, the newly opened 365 store offers grab-and-go food and grocery items, including produce, bakery, supplements and beverages, among other things.
American Banker
NOVEMBER 28, 2016
The Los Angeles City Council passed a motion last week to restrict large banks vying for city contracts from using predatory sales goals in response to the furor over Wells Fargo's phony accounts scandal. breaking_news compliance cfpb law-regulation
BankThink
NOVEMBER 7, 2018
Banking industry groups said they were vindicated by the defeat of the ballot measure, but public banking advocates plan to keep pushing the idea. Consumer banking Underbanked Alternative banks
BankThink
APRIL 3, 2019
Bonnie Lee will succeed C.G. Kum, who is retiring as CEO next month. Community banking C-suite Succession planning WIB scan California
PYMNTS
DECEMBER 20, 2017
Passport, company that’s managing much of the technical aspects of how people pay to use public transportation resources in cities like London, Miami and Los Angeles, has just raised $43 million.
American Banker
MARCH 11, 2016
MidFirst Bank in Oklahoma City has agreed to buy 1st Century Bancshares in Los Angeles. breaking_news community-banking m-a ca ok dealmaking-strategy
BankThink
APRIL 6, 2017
The deal, which is expected to close in the fourth quarter, should significantly increase PacWest's operations in southern California. Growth strategies M&A Capital California
Keith Leggett's Credit Union Watch
SEPTEMBER 22, 2015
Reuters is reporting that Los Angeles Federal Credit Union has been hit with a proposed class action lawsuit accusing the credit union of violating federal regulations by not properly obtaining customers' consent before charging overdraft fees for its checking accounts.
CU Insight
JULY 27, 2018
2 in Los Angeles. The post CUNA, leagues to attend NCSL in Los Angeles next week appeared first on CUInsight. CUNA and leagues will be on hand with nearly 6,000 attendees at the National Conference of State Legislatures (NCSL) Legislative Summit July 30-Aug. Attendees include state legislators, legislative staff, government officials, business representatives, and others interested in public policy.
CU Insight
DECEMBER 26, 2017
Construction is set to kick off next month on The Music Center plaza's extensive $40 million renovation in Downtown Los Angeles
PYMNTS
MAY 8, 2018
Though Musk has an ambitious tunneling project called The Boring Company , which aims to alleviate Los Angeles traffic by creating a network of tunnels beneath the city, the company has also raised funds by selling a bizarre line of Boring Company-branded products, such as a flamethrower. Retail Cryptocandy Elon Musk Elon Musk Companies Los Angeles News The Boring Company What's HotElon Musk just might become the next Willy Wonka with his latest venture.
PYMNTS
AUGUST 16, 2017
In a press release, Alipay said that with the beta launch, any of Alipay’s more than 520 million users visiting North American cities, such as New York City, Los Angeles, Las Vegas and San Francisco, can now easily discover, plan, make reservations, share experiences and pay for them via online payments at any local business using Yelp’s content.
PYMNTS
AUGUST 11, 2017
Los Angeles was, perhaps unsurprisingly, the first U.S. Los Angeles. The City of Angels launched its Alexa skill during the 2016 holiday season and leveraged it to push out information about holiday events in the area. The Los Angeles Information Technology Agency, which developed the skill, soon taught Alexa to provide information about reading times at local libraries and information about City Council members and upcoming sessions.
PYMNTS
APRIL 17, 2018
Tesla Founder Elon Musk has added another prong to his master plan to save the world, an ambitious tunneling project called The Boring Company that aims to alleviate Los Angeles traffic by creating a network of tunnels beneath the city. The Boring Company is working to reduce costs, tunnel sizes and project lengths for new ventures — first in Los Angeles, then in other markets. Dos Equis has the “Most Interesting Man in the World.”
CB Insights
OCTOBER 12, 2016
Outside of Silicon Valley, New York has seen the most venture-backed companies exit since 2012, over Boston and Los Angeles. Geographies Los Angeles Massachusetts New YorkIn fact, nearly half, 44%, of all the exits in the three cities over the last five years were for … Continued.
PYMNTS
JANUARY 17, 2017
Now, Los Angeles has even begun to develop location-specific skills for Alexa, with tentative plans to bring Google’s Allo and Microsoft’s Cortana along for the ride. But like most things, Los Angeles is starting off small with its AI assistant integrations — testing the digital waters rather than diving in head-first. Launched last month, users could ask Alexa to find holiday events in the Los Angeles area by saying, “Alexa, ask L.A.
PYMNTS
MARCH 1, 2018
When Los Angeles first began its efforts to market to international tourists in 2006, China wasn’t much of a consideration. Chinese tourism is a big deal for Los Angeles. tourism Los Angeles tourism Mobile Payments NewsWith all of the nations that sent tourists to L.A., China didn’t even make the top 10 a little over a decade ago.
PYMNTS
OCTOBER 5, 2016
Currently offered in a session subscription payment method, Handstand is available in Los Angeles and Orange County; the plan is to roll it out to Boston, New York, San Francisco and Chicago. uber of x fitness handstand Los Angeles News startups Uber of XDid you know that physical trainers and fitness instructors only get paid a very small fraction of the cost you pay the gym per hour?
CB Insights
FEBRUARY 24, 2017
The Los Angeles metro area is home to tech unicorns such as Snap, The Honest Company, Age of Learning, and Procore Technologies, among others. Funding & Dealflow Geographies Los Angeles Venture CapitalAs LA’s community of tech talent, entrepreneurs, and founders continues to grow, the area is seeing a … Continued.
PYMNTS
SEPTEMBER 29, 2017
Submitted images will serve as inspiration only, however — though they may appear on screens alongside models at a preview runway event in the Los Angeles Fashion District on Oct. Retail Fashion Line Fashion News fast fashion Forever 21 Los Angeles Fashion District News partnerships Taco Bell What's HotWant to wear your love of tacos on your sleeve? And no, we don’t mean sauce stains.
PYMNTS
SEPTEMBER 21, 2016
So, we went from 600 profiles in Los Angeles to 12,000 over eight hours after our New York Times story. uber of x Borrow Dogs ecommerce Los Angeles Pet owners Pets sharing economy Uber of XDog lovers rejoice! If you ever wanted a dog but couldn’t care for it full-time, you’ve got an opportunity here. If you have a dog and are looking for a new “dog-sitter,” you’ve got an opportunity here. Meet Liam Berkeley, founder and CEO of Bark’N’Borrow.
CB Insights
MARCH 3, 2017
Financing & Exits Geographies Los Angeles Massachusetts New York Venture CapitalWhile Silicon Valley remains the top area for VC-backed startup funding, activity has long since defused to New York and beyond, with LA and Boston seeing a large number of deals and dollars flowing to startups in the region. Below … Continued.
PYMNTS
AUGUST 10, 2017
Merchant Innovation American Green California Cannabis cannabis commerce Congress Innovation Jeff SEssions Las Vegas Legislation Los Angeles Marijuana narcotics Nevada News Nipton CA pot pot tourism Retail Retail Feature Tourism weedIn real estate and in retail, location is everything. 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.
PYMNTS
JUNE 8, 2017
Industrial rents in already-expensive cities like Los Angeles and Boston are expected to get a boost because of weed startups, according to Bloomberg Markets. Real Estate boston legalization Los Angeles Marijuana News Recreational marijuana Rent Retail startups warehouse weed What's HotSpace in those cities will be snapped up as part of a wave of pot legalization that was set in motion when eight states voted to permit cannabis in some form.
BankThink
DECEMBER 14, 2017
Law and regulation Government finance Compensation City of Los Angeles, CA 544351 Wells FargoA measure passed by the city council, which still needs final approval, would require banks that want city contracts to disclose whether they set individual or branch-level sales requirements. It comes in response to the Wells Fargo fake account scandal.
BankThink
AUGUST 13, 2019
The Los Angeles company said it is also looking into internal controls tied to construction lending. Commercial lending Community banking Earnings
Bank Innovation
SEPTEMBER 4, 2019
To do this, the Los Angeles-based company is determining financial […]. Sunbit, a point-of-sale lending company, is using recent credit file data to underwrite borrowers without FICO scores.
PYMNTS
AUGUST 15, 2019
Carvana , the eCommerce platform for buying and selling used cars, opened its latest Car Vending Machine in the Westminster area of Los Angeles, the company announced today (Aug. The Los Angeles location marks the firm’s 20th Car Vending Machine in the U.S.
Bankrate
MARCH 1, 2015
I supported CIT Group’s proposed acquisition of OneWest Bank at a hearing in Los Angeles last week because I think it will be good for savers — or at least some savers.
Payments Source
JUNE 28, 2019
Visa has signed a definitive agreement to acquire the Los Angeles-based chargeback and dispute resolution platform provider Verifi. Risk management Chargebacks M&A Visa
BankThink
AUGUST 6, 2019
The Los Angeles unit of Royal Bank of Canada plans to use FilmTrack to handle more complex transactions for major networks, studios and distributors.
Bank Innovation
FEBRUARY 1, 2019
While the Super Bowl is expected to showcase great football on Sunday, when the Los Angeles Rams and New England Patriots face off, it will also feature the year’s “championship” of TV […].
The Paypers
DECEMBER 10, 2018
(The Paypers) Gemalto has announced a partnership with the US Customs and Border Protection agency to work on a biometric boarding system at Los Angeles International Airport
Payments Source
AUGUST 8, 2019
InComm has partnered with the Los Angeles County Metropolitan Transportation Authority (Metro) to more than quadruple the number of retail locations at which customers can purchase and reload its contactless TAP transit fare cards.
Bank Innovation
DECEMBER 21, 2018
Ben Savage, partner at the Los Angeles-based Clocktower Technology Ventures, told Bank Innovation that the flourishing fintech ecosystem holds both risks and opportunities for banks, […].
PYMNTS
NOVEMBER 13, 2018
Maxine Waters, the Los Angeles congresswoman, is expected to set her sights on Wells Fargo and Deutsche Bank when she becomes head of the House Financial Services Committee in January.
Bank Innovation
FEBRUARY 9, 2017
Float – a Los Angeles-based startup, launched today – is set to change that. It’s not news that millennials hate credit cards. Which is one of the reasons a lot of them end up as “thin file,” with through-the-roof overdraft fees.
CU Insight
JULY 2, 2015
KrebsOnSecurity has identified a potential card breach affecting Trump hotels in Chicago, Honolulu, Las Vegas, Los Angeles, Miami and New York. Uncategorized Chicago Honolulu KrebsOnSecurity Las Vegas Los Angeles MIAMI NAFCU Today New York Trump hotels
Let's Talk Payments
OCTOBER 7, 2016
Nearly half (46%) of respondents expect to increase international payments in 2016, with 29% planning to upgrade to deploy automated systems LOS ANGELES – October 4, 2016 — AFEX, one.
American Banker
OCTOBER 13, 2016
Without investigations by the Los Angeles Times and city prosecutors, the Wells Fargo account scandal would never have come to light. Where were federal regulators? consumer-finance occ enforcement cfpb exams compliance law-regulation
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