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Big Tech Compliance Tracker: Tencent Says Big Tech Needs Greater Oversight; Group Seeks To Block Maryland Online Ad Tax

PYMNTS

Group Seeks to Block Maryland Online Advertising Tax. Marylanders for Tax Fairness is preparing for a battle in January over the state’s attempt to make a digital advertising tax, the Baltimore Sun reported. Maryland legislators ratified the tax earlier in 2020, but Gov. Larry Hogan vetoed the levy. Larry Hogan vetoed the levy.

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Another Maryland threat to bank partner model lending

CFPB Monitor

A Maryland administrative action recently removed to the state’s federal district court illustrates how Maryland law continues to present challenges for the bank partner structure used by many lenders. Atlanticus/Fortiva performs all of the collections, servicing, payment and remittance operations in connection with the accounts.

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Slight Uptick Reported In Retail Rent Payments

PYMNTS

Another month of the pandemic and another first of the month when retail lease payments are due. As the crisis enters its fourth month, counting March, two new earnings reports indicate that about 60 percent of retailers are paying their rent — with a few very notable exceptions. percent of retail rent was collected, compared to 48.9

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Retail Pulse: Framebridge Opens DC Store; Starbucks Hits 30,000-Location Milestone

PYMNTS

and Bethesda, Maryland, that will work to mirror the company’s online experience. location reportedly opened Tuesday (March 19), with the Maryland store to come next month. The coffee chain, which operates in 78 global markets, opened its first store in Seattle in the 1970s. Starbucks Coffee.

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New Main Street Business Plans Restart Optimism In Post-COVID Picture

PYMNTS

Twenty-five percent of Main Street SMBs now say they are operating with capacity restrictions, whereas 38.6 And new businesses can build on digital foundations, making themselves more efficient, and more resilient against market disruptions in the process. percent reported the same in March.”.

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Chapter 11 Watch: Austin Reed Bids Farewell, Staples Plots A New Course

PYMNTS

Retailers are entering that time of the year where high temperatures settle over just about every part of the continental U.S., brands like apparel retailer Austin Reed, though, the weight of all that financial baggage is too much to crawl out from under. For some U.K. Store Closures.

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How to navigate payments trends

Independent Banker

A barrage of new payments potential has shaped the market since the start of the pandemic. consumers have shifted to digital channels for retail product purchases since COVID-19 hit, and close to 16% currently own or have previously owned some form of cryptocurrency, according to PYMNTS.com. Colleen Morrison is a writer in Maryland.

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