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WorldRemit Launches Its Service In Virginia

PYMNTS

23) it has launched its services in Virginia. WorldRemit provides a secure way for Virginia residents to send money to their loved ones around the world. Residents of Virginia now have the power to share money with friends and relatives abroad, 24/7,” commented Brion Nazzaro, director at WorldRemit, in the press release.

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Lawmakers Eye Alternatives To Renter Security Deposits

PYMNTS

Lawmakers across multiple states are considering legislation to reconfigure the often burdensome security deposit structure that adversely affects renters of less financial means, according to the Wall Street Journal. As many as one fourth of all renters in the United States devote 50% or more of their monthly expenses to rent. Sittenfeld. “To

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Virginia Attorney General obtains default judgment in lawsuit against pension advance company

CFPB Monitor

As discussed below, the court’s order is a default judgment in favor of the Virginia AG. Although the AG’s complaint alleged that the interest rates charged on the transactions exceeded Virginia’s usury limits, it did not charge the defendants with violating the state’s usury laws.

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Disrupting The Security Deposit With Insurance

PYMNTS

The average security deposit in the U.S. And of course averages can be misleading — in Manhattan that rent average is over $4,000 a month, while in Wichita, Kansas (the least expensive market in the survey) rents are still well below $1,000 at $639 a month.

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U.S. Regulations to Consider When Managing a Cryptocurrency Fund

Perficient

We’ll then move to the federal level, seeking regulatory guidance as to whether digital tokens are securities under the jurisdiction of the U.S. Securities and Exchange Commission (SEC) or commodities contracts over which the Commodity Futures Trading Commission (CFTC) has regulatory jurisdiction. State Regulations.

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Brink’s Closes $860M Deal For Majority Stake In G4S

PYMNTS

Cash management firm The Brink’s Company is acquiring a majority stake in the security services company G4S for $860 million (£660 million), The Brink’s Company announced on Wednesday (Feb. and several smaller markets. More than 50 percent of the enterprise value is anticipated to close within 60 days.

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Digital Privacy, Security Issues Take Spotlight At Congressional Hearings

PYMNTS

The move comes amid increasing global focus on matters related to online privacy and data security — and as the idea of regulating social media is gaining currency. Yet those consumers still use free online marketing services and continue shopping more online, handing over increasing amounts of data to digital firms. Data Security.