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 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.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

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.

Gas Payment Solution PayByCar Launches In Massachusetts

PYMNTS

A first-in-the-nation payment solution that allows drivers to purchase gas from their cars without taking out cash, a credit card or a mobile app has launched in Westborough, MA.

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.

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.

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. Debt Collection Regulatory and Enforcement debt collector massachusetts

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.

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).

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

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

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

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

Cambridge Financial in Mass. to buy neighboring cooperative bank

American Banker

Community banking M&A Growth strategies MassachusettsThe company will pay about $58 million in cash for Melrose Bancorp.

MA Vape Sales Ban Triggers Retailer Lawsuits

PYMNTS

The state of Massachusetts is facing a lawsuit over a new temporary ban on vaping product sales. Behram Agha, one of the plaintiffs in the federal lawsuit, owns four vape shops in Massachusetts, all of which are now closed.

Retail 164

Why this regional bank is dumping N.Y. multifamily loans

American Banker

Community banking Commercial lending Earnings Multifamily Connecticut Massachusetts New YorkPeople's United in Connecticut is letting the loans run off its books as it invests in higher-yielding commercial loans.

Looking back at 2019's community bankers to watch

American Banker

Community banking M&A Succession planning Branding Credit quality CRE Virginia California Arkansas Massachusetts LouisianaOne found a buyer, another announced plans to retire, and others took steps to reinvent their banks.

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.

MetLife Charged With Misleading Investors By Mass. Securities Regulator

PYMNTS

MetLife was charged with making false statements to investors on Monday (June 25) by the securities regulator in Massachusetts. According to news from Reuters , citing Massachusetts Secretary of the Commonwealth William Galvin, MetLife allegedly provided false statements to investors about its failure to pay out pension benefits to retirees that it treated improperly as presumed dead. The investigation in Massachusetts is one of several looking into pension obligations.

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.

Santander To Pay $25M To Resolve Auto Loan Allegations

PYMNTS

states — $22 million to Massachusetts and $2.87 I think the scope of the settlement and the kind of relief we’re getting could be used as a model for other jurisdictions,” Massachusetts Attorney General Maura Healey told Bloomberg News , adding that $16 million of the total will go to consumers. At a news conference, Healy cited an example of one Massachusetts buyer who wound up owing over $10,000 on a $750 vehicle loan. Back in 2015, Santander paid Massachusetts $5.5

School District Pays Hackers $10K In Bitcoin To Recover Data

PYMNTS

After hackers stole data from the computer system of a Massachusetts school system, they offered to return the information in return for a $10,000 bitcoin payment. Security & Fraud bitcoin Cyberattack Cybersecurity Hackers Massachusetts News ransom Security Wannacry What's HotThe Superintendent of Leominster Public Schools, Paula Deacon, was surprised to learn of the extortion demand and contacted police, ABC News reported. “I

They Say You Can Build a Tech Startup Anywhere. Not If You Want Venture Capital.

CB Insights

But if you want to raise venture capital, it still pays to be in California, NY or Massachusetts. Massachusetts New York Silicon Valley Venture CapitalThe reality is you can start a technology company anywhere today. In fact, more VC deals are going into the big 3 … Continued.

Digital Health Showdown: New York Overtakes Silicon Valley For Startup Funding, Boston Lags

CB Insights

Financing & Exits Massachusetts New York Silicon ValleyWith products ranging from ingestible sensors to track medication intake to practice management solutions, startups continue to innovate within the digital health space. And as the ecosystem grows, funding is keeping up. Global funding to the industry reached over $3.5B in the … Continued.

OK, but the end of cash must be in sight? #coronavirus

Chris Skinner

Remitly Now Operating In All 50 States

PYMNTS

has expanded its services to Massachusetts. According to a report , with the addition of Massachusetts, Remitly serves all 50 states in the U.S. 16), residents of Massachusetts, which is the most populous state in New England, can send money overseas via its app and website. The report noted that, in Massachusetts, 1 million, or 15 percent of residents, are born outside of the country and have family in other countries that rely on remittances to supplement their incomes.

Uber Of X: Rent-A-Ref, Sports Officials For Any Game Or Tournament

PYMNTS

Based out of Riverside, California, the website (and soon-to-be mobile platform) has been working with leagues all over the state, as well as in Colorado, New York, New Jersey, Massachusetts, Illinois, Wisconsin and Texas. uber of x California Colorado Illinois Massachusetts new jersey New York referee referees rent-a-ref Texas Uber of X What's Hot WisconsinPerhaps the most overlooked person in any sport is the most important one: the referee.

The Strange Spending Trends Around Sales Tax Holidays

PYMNTS

Massachusetts’ legislature has not yet fully approved its pending 2018 tax holiday, but if passed by the state Senate it would be the nation’s most permissive, fully suspending all state sales tax across purchases under $2,000 for the entire weekend of August 11 and 12. Retail Back-to-School federal reserve Massachusetts News Spending Trends tax holidays

Taxes 130

LA vs. NY vs. Boston: Deals And Dollars Showdown

CB Insights

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.

Where Regtech Deals Are Going In the US And Around The World

CB Insights

Canada Europe Geographies Massachusetts New York RegTech Silicon Valley United StatesRegtech startups have raised roughly $2.99B across 405 deals since 2012. Companies around the world are tasked with complying with a wide array of existing and new regulations and are worried their existing technology can’t keep up. This concern has helped … Continued.

Boston Vs. NYC Vs. LA Exits: New York Wins On Quantity, LA On Big Winners

CB Insights

Geographies Los Angeles Massachusetts New YorkOutside of Silicon Valley, New York has seen the most venture-backed companies exit since 2012, over Boston and Los Angeles. In fact, nearly half, 44%, of all the exits in the three cities over the last five years were for … Continued.

Consumer Habits Tracked By JD.com, Alibaba

PYMNTS

Retail alibaba Analytics Beijing consumers data ecommerce JD.com Massachusetts MIT purchasing sales Singles Day spending Tsinghua UniversityHow consumers shop is a mystery companies across the globe seek to uncover. In China, however, the two big ones — JD.com and Alibaba — have found ways to gain focused insight into shoppers’ spending habits, which in turn help retailers make eCommerce decisions.

DraftKings, FanDuel Fined $2.6M For Unfair Practices

PYMNTS

Reuters reported news that Massachusetts Attorney General Maura Healey announced the settlement of the lawsuit on Thursday, which is the result of a probe that predated her office’s adoption of regulations in 2016 to govern daily fantasy sports. I am glad to have reached these settlements to address various consumer issues that existed at the early stages of this new industry,” Massachusetts Attorney General Maura Healey said in a statement.

Eastern bank in Mass. taps Citi cards exec to lead consumer lending

Payments Source

Community banking Credit cards MassachusettsEastern Bank in Boston has hired a former Citi Cards executive to oversee its consumer-lending business.

Deals To Cybersecurity Startups Are Increasingly Global With Israel In The Lead

CB Insights

Canada Cybersecurity Europe Massachusetts New York United States cybersecurityCybersecurity startups are coming off record levels of funding in 2015, but have seen a slowdown in the first half of this year. There are nine private cybersecurity companies in the CB Insights database that are valued at $1B or more, and … Continued.