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Trade groups respond to Nevada regulator and AG in lawsuit challenging Nevada law

CFPB Monitor

We recently provided an update in a case we’ve been following involving a lawsuit challenging a Nevada statute, SB 311, that allows an applicant for credit with no credit history to request that a creditor treat an applicant’s credit history as identical to that of the applicant’s spouse during the marriage.

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Bitcoin Daily: Nevada Tightens Regs On Crypto Kiosks; Barclays And Coinbase Call It Quits

PYMNTS

Nevada is enforcing stricter regulations on cryptocurrency kiosks, and will now require them to have a state money transmission license. BitAML Senior Advisor Annelise Strader told CoinDesk that the state’s regulatory team recently changed its interpretation of what is considered a money transmitter within the state.

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MGM Resorts Appoints Acting Chief Executive Officer

PYMNTS

Hornbuckle is a University of Nevada, Las Vegas graduate and holds a bachelor of science degree in hotel administration. He has also served on the Andre Agassi Foundation and University of Nevada, Las Vegas Foundation boards. He is a Providence Equity Partners senior managing director emeritus.

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Today In Payments: Coronavirus Decimates US Stock Market; Ex-Microsoft Engineer Guilty Of 18 Felonies

PYMNTS

Evolv Ventures (the $100 million venture arm of Kraft Heinz) Managing Partner Bill Pescatello tells Karen Webster how a new investment in Israeli startup Fabric can bring automation to the corner store and help speed deliveries. How One Nevada Credit Union Secures Its Self-Service Innovations. Will Bird’s Payment Plans Take Flight?

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Pacific Mercantile to Merge with Banc of California

Banking Exchange

Plus: Nevada-based Plumas Bancorp set to acquire Bank of Feather River Management Feature M&A Feature3.

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POSaBIT Rolls Out Mobile POS For Cannabis Merchants

PYMNTS

POSaBIT, based in Seattle, already manages millions of transactions for over 120 dispensaries across Washington, California, Nevada, Colorado, Arizona and Oklahoma. In May, Nevada authorized what the Associated Press called a “limited marijuana banking system” for the state, where recreational cannabis is legal.

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Report: 80 Pct. Of NJ Gamblers Place Wagers Online

PYMNTS

Mobile betting, however, is only allowed in five: New Jersey, Pennsylvania, West Virginia, Iowa and Nevada. In May, New Jersey surpassed Nevada for the first time. com to invest in automated authentication processes, according to Russell Medley, 888’s director of fraud and risk management. at more than $40 billion by 2020.

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