Massachusetts Mutual To Buy FinTech RIA Platform Flourish

PYMNTS

Massachusetts Mutual Life Insurance Company (MassMutual) has agreed with Stone Ridge Asset Management , which has over $10 billion in assets under management (AUM), for MassMutual to acquire FinTech registered investment advisor (RIA) platform Flourish , according to a press release.

Massachusetts Regulators To Crack Down On Robinhood

PYMNTS

Robinhood has come under the watchful eye of regulators — this time in Massachusetts. The complaint is from the office of William Galvin, Massachusetts secretary of state. State regulators are set to file a complaint on Wednesday (Dec.

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Massachusetts Reopens Its Dining Rooms

PYMNTS

Restaurant dining rooms in Massachusetts reopened on Monday (June 22), after being shuttered for three months. We are making the progress we’re making because of the actions that people here in Massachusetts are taking every day,” Baker said at his daily press conference on Friday (June 19). Massachusetts, which has had the country’s third most deaths due to COVID-19 after New York and New Jersey, is the last state in New England to allow indoor dining to resume.

Massachusetts to Sue Equifax for Data Breach

Bank Innovation

Equifax is likely to face a lawsuit from Massachusetts Attorney General Maura Healey, who said Tuesday that she plans to file a lawsuit against the credit rating agency over a data breach that’s compromised the personal information of the state’s residents. Cards Compliance Exclusive Security data breach Equifax massachusetts social security number sue

Massachusetts Files Suit Against Uber, Lyft On Drivers’ Status

PYMNTS

Massachusetts is the second state to declare that Uber and Lyft drivers should be deemed employees under state wage and hour laws, the Attorney General’s Office announced on Tuesday (July 14). . Ridesharing Attorney General contractors Drivers employees Lawsuit Legislation Lyft Massachusetts News Uber What's Hot

Massachusetts Can Proceed With Lawsuit Against Equifax

PYMNTS

A judge has ruled that the state of Massachusetts can move forward with its lawsuit against Equifax. The breach resulted in several lawsuits filed against Equifax, including one by Massachusetts Attorney General Maura Healey. Equifax knew about the vulnerabilities in its system for months, but utterly failed to keep the personal information of nearly three million Massachusetts residents safe from hackers,” said Healey at the time.

Apprenticeships at center of Massachusetts bank's diversity push

American Banker

Massachusetts Workplace management Workforce managementReading Cooperative Bank recently launched a program that aims to hire young Black and Hispanic adults from low-income communities. Its leaders say it’s part of a broad strategy to develop new pipelines of talent and better serve low-income communities.

Provident in Massachusetts buys warehouse lending business

American Banker

Community banking M&A Warehouse lenders Mortgages Massachusetts Florida ConnecticutThe company acquired ResX Warehouse Lending from People's United Financial.

Massachusetts Attorney General Moves to Dismiss Lawsuit Challenging Its Emergency Debt Collection Regulations

CFPB Monitor

On October 23, 2020, Massachusetts Attorney General Maura Healey filed a motion to dismiss in ACA International v. Massachusetts is still in the State of Emergency Period, but the 90-day period lapsed on June 24, 2020.

Massachusetts bank rebranded to reflect national push

American Banker

Massachusetts Marketing Community banksProvident Bank was recast as BankProv to avoid confusion as it adds business lines and enters new markets.

Bitcoin Daily: US National Banks To Hold Reserve Currencies For Stablecoins; Stripe To Pay Massachusetts $120K In PlexCoin ICO Role

PYMNTS

In other news, Stripe will pay $120,000 to resolve claims that the payment processor’s “risk monitoring and fraud prevention and mitigation practices” contravened Massachusetts’s consumer protection law, according to an announcement from the state attorney general office.

Trade group files lawsuit challenging Massachusetts emergency debt collection regulation

CFPB Monitor

ACA International, the Association of Credit and Collection Professionals, has filed a lawsuit in Massachusetts seeking to have the federal district court declare the emergency debt collection regulation promulgated on March 26 by the MA Attorney General invalid and enjoining the AG from enforcing the regulation against debt collectors and creditors. It violates the separation of powers clause in the Massachusetts Constitution by impermissibly interfering with judicial functions.

Walmart Officially Sorry It Can’t Tell Massachusetts From Maryland

PYMNTS

Until this past Monday (April 4), the retail giant had confusingly sold a Russell Athletic t-shirt depicting an image of a state that was clearly Massachusetts yet with a facsimile of the University of Maryland’s “M” logo and the word “Terps” written within its borders (“Terps” was actually squeezed into the eastern “arm” of the state that is arguably Massachusetts’ most obviously identifying characteristic).

Massachusetts mutual taps insider as its next chief

American Banker

C-suite Massachusetts Community banking Succession planning Mutual banksJonathan Dowst will become president in July and CEO a year later.

Massachusetts Co-ops Planning Merger

American Banker

Abington Bank in Massachusetts is planning to merge with Holbrook Co-operative Bank in Massachusetts. breaking_news community-banking m-a ma dealmaking-strategy

Massachusetts Throws Daily Fantasy Sports A Bone

PYMNTS

The Boston Globe reported that Massachusetts decided Friday (March 25) to establish a set of regulations that would allow Boston-based DraftKings and FanDuel to continue to operate within the state. In a short period of time, you see a very good set of tough consumer regulations in place that now let DraftKings move forward in Massachusetts,” Coakley said.

CFPB and Massachusetts AG file lawsuit against credit repair company

CFPB Monitor

The CFPB and the Massachusetts Attorney General’s Office have filed a lawsuit against a credit repair company and the company’s individual owner in federal district court in Massachusetts.

Massachusetts AG emergency regulation prohibits certain collection activity by both creditors and debt collectors

CFPB Monitor

On March 27, 2020, the Massachusetts Attorney General filed an emergency regulation interpreting the Massachusetts Consumer Protection Act, M.G.L. This reading is also influenced by Massachusetts’s status as one of the most aggressive consumer protection states in the country and the scope of its collection law, which is the most far-reaching state collection law applicable to creditors of any state (e.g.,

Federal court grants TRO in trade group lawsuit challenging Massachusetts emergency debt collection regulation

CFPB Monitor

A Massachusetts federal district court has entered a temporary restraining order that blocks the state’s attorney general from enforcing the prohibitions on initiating lawsuits and making collection calls in the AG’s emergency debt collection regulation promulgated on March 26. in its entirety and from enforcing Section 35.03 “in so far as it bars the defined debt collectors from bringing enforcement actions in the state and federal courts of Massachusetts.”. .

Have the rules for third-party debt collectors changed in Massachusetts?

CFPB Monitor

It has been reported that, without announcement or warning, the regulations applicable to third-party debt collectors in Massachusetts may have changed. Debt Collection State CFS Monitor State regulation debt collector massachusetts

East Coast Face-Off: New York Tech Investment Beats Massachusetts By Wide Margin In 2015

CB Insights

New York and Massachusetts are known as the two top tech hubs in the eastern United States, and have each produced unicorn companies and well-known exits like Etsy (New York), OnDeck Capital (New York), Wayfair (Massachusetts) and many more. Massachusetts has on some quarters eclipsed New York for … Continued. Funding & Dealflow Massachusetts New York

Massachusetts federal court stays effective date and enjoins enforcement of HUD final rule revising FHA disparate impact standards; 2 other lawsuits filed challenging rule

CFPB Monitor

On October 25, a Massachusetts federal district court entered a preliminary injunction staying and postponing the effective date of the final rule issued by HUD last month (“2020 Rule”) revising its 2013 Fair Housing Act disparate impact standards (“2013 Rule”).

District of Columbia enacts emergency debt collection law in response to COVID-19 pandemic; Massachusetts AG issues guidance on emergency debt collection regulation

CFPB Monitor

In contrast, the Massachusetts emergency regulation only restricts telephone calls to consumers. The Massachusetts Attorney General clarified in Guidance in Response to Frequently Asked Questions Concerning 940 CMR 35.00 , that the Massachusetts emergency regulation does not restrict the use of text messages and email to communicate with a debtor.

Ex-banker takes the helm at Naveo Credit Union

American Banker

Andrea White, a former VP at Freedom National Bank, was named CEO of the Massachusetts-based credit union, the first time a woman has held that position. C-suite Massachusetts Career moves Career advancement Succession planning Recruiting

CEO of Mills42 Federal Credit Union resigns, successor named

American Banker

Carla Rasetta is stepping down after a decade at the helm of the Massachusetts-based institution. C-suite Massachusetts Career moves Credit unions Succession planning

HarborOne job cuts reflect lower branch traffic, coronavirus fallout

American Banker

The Massachusetts company is laying off more than 40 employees with a focus on people working in its retail banking operations. Layoffs Massachusetts Revenue and expenses Community banks

California, Florida, Massachusetts, N. Dakota Approve Pot Measures

American Banker

Voters in Florida and North Dakota approved medical marijuana measures on Tuesday, while their counterparts in California and Massachusetts approved recreational pot initiatives, according to projections. breaking_news consumer-finance national-regional compliance kyc ca fl mt nd ma me az nv ar law-regulation

Largest state-chartered credit union in Mass. to grow via merger

American Banker

Consolidations Massachusetts Credit unions M&AMembers of tiny Gloucester Municipal CU are set to vote early next year on whether to join Metro Credit Union.

Metro 46

CFPB March 2017 complaint report highlights credit card complaints, complaints from Massachusetts consumers; Ballard Spahr to hold April 13 webinar

CFPB Monitor

The report also highlights complaints from consumers in Massachusetts and the Boston metro area. Findings regarding complaints from Massachusetts consumers include the following: As of March 1, 2017, approximately 20,600 complaints were submitted by Massachusetts consumers of which approximately 15,400 were from Boston consumers. Barbara S. Mishkin. The CFPB has issued its March 2017 complaint report that highlights credit card complaints.

Massachusetts: Frozen Growth In The Frozen North

PYMNTS

And nowhere in the region are these qualities more on display than in Massachusetts, the state that both brought us the phrase “Boston Strong” and countless memes of people barbecuing during blizzards. The vagaries of the New England economy show up, encapsulated, in Massachusetts. The rate that was identical for both Massachusetts and its New England brethren was endemic of the Northeast. Retail CAN capital CAN Capital Store Front Business Index Massachusetts

New leadership on the way at City of Boston Credit Union

American Banker

C-suite Massachusetts Credit unions Career moves Succession planningNeil Gordon, a former executive at nearby Millbury Federal Credit Union, will take the helm next month.

CFPB March 2017 complaint report highlights credit card complaints, complaints from Massachusetts consumers; Ballard Spahr to hold April 13 webinar

CFPB Monitor

The report also highlights complaints from consumers in Massachusetts and the Boston metro area. Findings regarding complaints from Massachusetts consumers include the following: As of March 1, 2017, approximately 20,600 complaints were submitted by Massachusetts consumers of which approximately 15,400 were from Boston consumers. The CFPB has issued its March 2017 complaint report that highlights credit card complaints.

Six more credit union-backed candidates progress to general election

American Banker

Victories in Massachusetts earlier this week bring the Credit Union Legislative Action Council to a 96% success rate backing races in this election cycle. Elections Massachusetts Election 2020

Bristol County Savings expanding in R.I. with Freedom purchase

American Banker

The Massachusetts savings bank will gain branches in two communities as part of the acquisition. Community banking M&A Growth strategies Massachusetts Rhode Island

Leominster Credit Union promotes insider as next CEO

American Banker

C-suite Massachusetts Career moves Career advancement Succession planningBarbara Mahoney, who joined the credit union in 2003 as a human resources executive, will take over after John O’Brien retires next month.