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

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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.

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. Those with E-ZPass can register for PayByCar to easily pay for their gas at the Route 9 Alltown Mobil via their E-ZPass transponders and payment methods on file. “We We chose the MetroWest area to launch this new technology — and Westborough, MA specifically — because the community matches our target market demography.

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.

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.

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.

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).

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 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

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.”. .

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.,

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.

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

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

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

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

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.

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.

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

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.

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

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.

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.

BofA lending to states that don't want to wait on Fed

American Banker

Bank of America Hawaii Massachusetts Rhode Island General obligation bondsSome states aren't waiting on the Federal Reserve to help with the historic hits to their budgets. Instead, they're working with a lender that they have a much longer history with: Bank of America.

Amid pandemic, state elected officials become de facto bank regulators

American Banker

Consumer lending Massachusetts California Coronavirus Loan modifications Pennsylvania Law and regulationIn blue states in particular, governors and attorneys general are taking up the mantle of consumer protection during the coronavirus emergency, effectively adding another layer of regulation to the patchwork of state and federal oversight.

Mass transit's cashless conundrum

Payments Source

Cash NFC Mobile payments Massachusetts U.K.Transit agencies worldwide are attempting to eradicate cash and the bottlenecks that it causes from situations where customer throughput is paramount. But is this effort truly viable given the entrenched payment behaviors and requirements for serving everyone, even digital naysayers?

Equifax reaches deal with 8 states on steps to avoid future breaches

Payments Source

Data breaches Data security Data privacy Corporate governance Risk management Security risk Equifax FTC CFPB California New York Texas Georgia North Carolina Massachusetts Maine AlabamaUnder a consent order with Texas and seven other states, the Atlanta-based credit reporting firm agreed to shore up its information security efforts, but it will not have to pay any financial penalties.

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