CFPB Monitor

NOVEMBER 16, 2021

New York now joins a small group of states, including Illinois and Massachusetts, that apply CRA-type laws to non-depository mortgage lenders. The amendments allow DFS to issue regulations expanding the types of applications and notices for which it will consider such performance when taking action.

New York 78

New York Community Regulation Data 78

PYMNTS

FEBRUARY 6, 2018

Reuters reported news on Tuesday that banking regulators from seven states across the United States are working to, as the newswire reported, “streamline” the FinTech reporting process, with an eye on those tech firms having an easier road toward offering their products and services across the nation.

Fintech 118

Fintech US Tennessee Washington 118

PYMNTS

NOVEMBER 20, 2017

“To earn an investment-grade rating requires a rigorous evaluation of not only our lending models, automated risk analysis and successful history of reducing bad debt to an industry-low, but also our operational processes — from exceptional customer service to unmatched technology development.”.

Massachusetts 100

Massachusetts Lending Analysis Operations 100

PYMNTS

OCTOBER 17, 2018

On October 4, the Massachusetts Cannabis Control Commission (CCC) issued its final four recreational marijuana licenses to businesses, meaning legal marijuana will soon be available for purchase. Massachusetts joins a handful of states, including Colorado, Washington and Maine, that have taken steps to legalize recreational marijuana.

Colorado 126

Colorado Massachusetts US Industry 126

CFPB Monitor

APRIL 7, 2020

Mr. Roddy discussed the emergency debt collection regulation issued by the Massachusetts AG and the possibility of state UDAP claims based on collection activities during the crisis.

Massachusetts 78

Massachusetts Compliance Regulation Operations 78

PYMNTS

NOVEMBER 26, 2019

Recent data indicated that 82 percent of SMBs shutter in their first year because of poor cash management operations. As SMBs seek opportunities to expand their operations, and reach new customers and markets, they will need the right spend and workforce tools to ensure funds are spent appropriately. million nonprofits in the U.S.

Tools 141

Tools Boston Cards Management 141

PYMNTS

JUNE 14, 2018

Tight regulations around the legal marijuana industry are barring non-wealthy entrepreneurs from entering the market, according to reports from Forbes on Wednesday (June 13). Reports also highlighted the successful and wealthy back stories of some of the nation’s current leading marijuana businesses.

Massachusetts 108

Massachusetts Industry Resources Operations 108

PYMNTS

MARCH 17, 2020

The DEO “seeks concepts and an operator to program the space to boost innovation and entrepreneurship, demonstrate creative placemaking and feature the Made in Fairfax Network. The law opens up much more territory to these operations, which had only been permitted in areas zoned for industry. and San Francisco.

Retail 135

Retail Arlington San Francisco Milwaukee 135

PYMNTS

DECEMBER 24, 2020

Said Allaire of the bid to get digital currencies more front and center: “Regulators are getting their arms around them … the digital asset market is now moving, more and more, into the mainstream of finance, FinTech payments and banking world.”. And, of course, the crypto landscape extends well beyond bitcoin.

cryptocurrency 258

cryptocurrency Bitcoin Course Boston 258

CFPB Monitor

AUGUST 30, 2021

Public Interest Research Group, and Professor Kathleen Engel (collectively, the “Plaintiffs”) filed a lawsuit in the Massachusetts federal district court challenging the legality of the Consumer Financial Protection Bureau’s Taskforce on Federal Consumer Financial Law (the “Taskforce”). It was not fairly balanced.

Massachusetts 78

Massachusetts Operations National Report 78

PYMNTS

FEBRUARY 4, 2019

Fostering this growth means enabling food truck operators to quickly accept customers’ payments as they dish out food and friendly service. Merchants must ensure their mPOS offerings seamlessly operate alongside existing fixed solutions. The food truck trend is taking off in the U.S., with the industry being valued at $856.7

Massachusetts 100

Massachusetts Boston Cards Operations 100

Abrigo

OCTOBER 29, 2014

Multifamily, commercial and automotive loans are driving loan growth among banks in the Northeast, but increasing risk will draw fresh attention from regulators to ensure recent and future growth is sound, the Office of the Comptroller of the Currency said recently. The OCC on Oct. The OCC on Oct. • Changes in underwriting.

Rhode Island 236

Rhode Island District of Columbia West Virginia New Jersey 236

PYMNTS

DECEMBER 15, 2020

Even as the new California benefits and the fees to cover them roll out, gig economy companies are facing scrutiny in other states that are mulling adopting similar workers’ rights rules, including Illinois, Massachusetts and New York.

California 227

California New York Taxes Illinois 227

PYMNTS

FEBRUARY 14, 2018

Coinsource , the world’s largest bitcoin ATM network, has rolled out 10 new machines in Rhode Island, New Hampshire and Massachusetts. And while some want more cryptocurrency regulation, it may not come from the European Central Bank (ECB), Reuters reported.

Bitcoin 100

Bitcoin Rhode Island cryptocurrency New Hampshire 100

PYMNTS

MARCH 1, 2019

still debating exactly where and how cannabis dispensaries can operate. Staying compliant takes priority over growing a digital presence, said Spencer Knowles, VP of sales and business development for Massachusetts-based dispensary firm Sira Naturals , in a recent interview with PYMNTS. About the Tracker.

Online 155

Online blockchain Retail Massachusetts 155

Perficient

JANUARY 7, 2021

They had to change the way they operate with new social distancing guidelines. The government has regulations for greenhouse gas emissions, and companies have carbon-neutral goals. For example, some states, such as California and Massachusetts, plan to ban the sale of new gas-powered cars by the year 2035.

Marketing 309

Marketing Industry Mobile Massachusetts 309

CFPB Monitor

SEPTEMBER 22, 2020

The plaintiffs in the lawsuit filed in Massachusetts federal district court challenging the CFPB’s creation of its Taskforce on Federal Consumer Financial Law have filed their opposition to the CFPB’s motion seeking the lawsuit’s partial dismissal. The plaintiffs in the lawsuit are the National Association of Consumer Advocates (NACA), U.S.

Massachusetts 78

Massachusetts Regulation Meeting Leadership 78

PYMNTS

APRIL 2, 2018

The secretary of the Commonwealth in Massachusetts has put the brakes on five initial coin offerings in that state. The specific directive from William Galvin, the state’s head securities regulator, commands that those firms abandon the sale of what have been termed “unregistered securities.” The firms named include Mattervest, Inc.,

United States 110

United States social media Arizona cryptocurrency 110

PYMNTS

JANUARY 28, 2019

As noted in this space by Karen Webster, the ban on the ban – where, now, in New York, surcharges are allowed when merchants post total prices for transactions – shows the inefficiencies of regulation that supersede card networks’ own rules governing merchant activities.

Cards 125

Cards New York Oklahoma Connecticut 125

PYMNTS

AUGUST 8, 2017

Wells Fargo — after a year of headaches, hassles and a seemingly unending hit parade of scandals — is now facing the ire of regulators who question why the bank is not refunding insurance money owed to customers who paid off their loans early. Guess what Wells Fargo didn’t do?

South Carolina 100

South Carolina Payments Iowa Oklahoma 100

PYMNTS

JULY 15, 2016

Santander is a national bank based in Wilmington, Delaware, and operates a network of close to 700 retail branch offices in Connecticut, Delaware, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania and Rhode Island.

Rhode Island 100

Rhode Island Delaware New Hampshire New Jersey 100

PYMNTS

MAY 23, 2020

The pilot in Tampa is not unique: In Cincinnati, Atlanta, New Jersey, Massachusetts, California and Connecticut, local governments are trying out arrangements to allow restaurants to reclaim space not normally used for serving customers to make reopenings possible. The pilot is] a lifesaver for us.”.

Tampa 249

Tampa Connecticut Guidelines New York City 249

CFPB Monitor

JANUARY 12, 2021

The Taskforce was charged with examining the existing legal and regulatory environment for consumers and financial services providers and making recommendations to the Bureau’s leadership for improving consumer financial laws and regulations. The report consists of two volumes. Equal access to credit.

Report 78

Report Regulation Policies Compliance 78

PYMNTS

JUNE 4, 2018

Amazon has earned a reputation for mastering dynamic pricing, and other eCommerce operators — along with organizations that serve the B2B space — are following that example. Regulators, for instance, might end up taking a closer look at the use of pricing software in this sector.

Software 100

Software Massachusetts Boston Industry 100

PYMNTS

SEPTEMBER 27, 2016

The picture is so different to the traditional warehouse setting, where workers buzz about on forklifts stacking and picking and conforming to safety regulations and just-in-time processes. The picture is no less odd than a driverless car. I think, within five years, it’ll change distribution.”. But, so what? The research is mixed on this.

Mobile 100

Mobile Payments Los Angeles California 100

PYMNTS

DECEMBER 1, 2017

The New York AG isn’t the only regulator that’s taken an interest in this story. Uber is also under investigation by the attorneys general of New York, Missouri, Massachusetts, Connecticut and Illinois. Privacy regulators for the European Union said Wednesday (Nov. authorities seeking an explanation.

New York 144

New York Data Regulation Washington 144

PYMNTS

MARCH 4, 2019

And those stakeholders include ATM operators. As Tente noted, the state of Massachusetts already has a ban on cashless businesses, and the law has been on the books since the late 1970s. The debate will likely get increased scrutiny and input from stakeholders. … and the Case Against Cashless.

Retail 129

Retail New York City New York New Jersey 129

PYMNTS

DECEMBER 30, 2020

Massachusetts securities regulators recently sued the company , alleging that it exposes investors to “unnecessary trading risks” and prompts inexperienced investors to trade frequently through the “gamification” of stock-market investing. In addition to operating some 1,500 U.S.

Marketing 198

Marketing Company Online Management 198

PYMNTS

DECEMBER 2, 2016

Business tax cuts: The corporate world had reason to cheer this week, when Trump’s pick for incoming treasury secretary, Steve Mnuchin, stated that the number one priority in terms of regulation is to roll back parts of Dodd-Frank. Elizabeth Warren. And also there’s a lot of price-matching going on.”. It gets a lot less clear from there.

Retail 100

Retail Taxes Data social media 100

Tech and Finance

JUNE 22, 2016

Entrepreneurs resolved to tackle financial services, and life insurance specifically, need to be prepared for a different way of doing things and for the challenges that come with highly regulated industries. If you are truly doing something new, regulation will be a challenge. Everything in life insurance is subject to regulation.

Policies 32

Policies Regulation Industry Data 32

Gonzobanker

DECEMBER 19, 2017

Heavy-handed regulators. Seriously, sit back with a pocket flask of Pappy Van Winkle, smoke a cigar (or your combustible of choice if you live in Colorado, California, Washington, Oregon, Nevada, Main or Massachusetts) and enjoy the 2017 GonzoBanker Awards. One word can summarize this action-packed banking year, GonzoBankers – tiring.

Conference 101

Conference Industry Community Bank Community 101

South State Correspondent

MARCH 15, 2023

Many banks will park this liquidity in cash or short-term securities in an attempt to get ahead of higher required capital ratios that are likely forthcoming from regulators. This should be a standard operating procedure at every bank. In general, banks will be focusing more on deposits.

social media 195

social media FDIC Branding Management 195

Jeff For Banks

OCTOBER 19, 2012

And don’t forget that they are still finishing the $667 billion Operation Twist Program by year end 2012, where they sell shorter maturities and buy longer term ones to push interest rates lower. trillion of securities amassed during QE1 and QE2. Or should I say “manipulate” interest rates lower?

National 82

National Security US Massachusetts 82

PYMNTS

SEPTEMBER 27, 2019

Speaking before Congressman Stephen Lynch of Massachusetts, senior member of the House Committee on Financial Services, and the rest of the committee, witnesses from the Fed and other areas of the payments community offered their support to FedNow — but not without caveats. This mirrors our ACH system, which has two operators,” she noted. “To

Payments 174

Payments Kansas City Community Bank Community 174

PYMNTS

OCTOBER 28, 2019

States’ definitions vary, so companies could formerly reduce their exposures by basing their operations in locations with minimal tax rates and avoiding activities in other states that would trigger those jurisdictions’ particular definitions of what counts as a “physical presence.”

South Dakota 105

South Dakota Taxes Retail Arizona 105

PYMNTS

NOVEMBER 8, 2017

It’s heavily regulated, only customers of a certain age can buy it – and the sale of it is governed by a three-tiered system wherein producers can only sell to wholesalers, who can only sell to retailers, who are the only ones allowed to sell to consumers. Delivering booze is a tough business.

Retail 101

Retail Regulation Compliance Massachusetts 101

CB Insights

FEBRUARY 21, 2019

Blockchains operate through decentralized peer-to-peer platforms, building resilience against the spread of corrupted information and boosting resistance to fraud. The service is seeking to help customers reduce operational costs and response times. Its platform seeks to reduce losses from fraud and bring down operational costs.

blockchain 78

blockchain Fraud Technology Management 78