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Senators Push For Bill That Would Force Retailers To Accept Cash

PYMNTS

Robert Menendez (D-New Jersey) and Kevin Cramer (R-North Dakota) have introduced a bipartisan measure that would forbid merchants from declining cash payments from customers as businesses promote contactless digital payments amid the COVID-19 health crisis, CNBC reported.

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Young Consumers Love to “Buy Now, Pay Later” – Here’s What to Know About the Explosive Fintech Trend

Perficient

Buy now, pay later (BNPL) is a type of point-of-sale installment loan that partners with retailers to allow consumers to pay for their purchases in multiple equal payments. When online shopping, if a retailer has a partnership with a BNPL platform, the customer can choose it as their payment method when placing their order at checkout.

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South Dakota Sues Wayfair, NewEgg, Overstock And Systemax Over Lost eCommerce Revenue

PYMNTS

At issue in the case is the South Dakota law that requires online retailers to collect and remit sales tax, even if they have no physical pronounce in South Dakota (the Supreme Court has previously ruled that merchants have no responsibility to collect sales tax in states where they are not physically located.). North Dakota.

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Durbin interchange battles resurface

CFPB Monitor

The North Dakota Retail Association and North Dakota Petroleum Marketers Association filed a lawsuit on April 29, 2021 against the Federal Reserve Board in a North Dakota federal district court seeking to invalidate Regulation II’s standard for reasonable and proportional interchange fees.

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Vaccine Distribution Hits Snags; CVS And Walgreens Caught In Crossfire

PYMNTS

And this week, it seems, the delays are continuing to compound — and retailers of all kinds are reporting bumps in their distribution processes. The net result is that Maryland has distributed 46 percent of doses, well below the national average of 53 percent. But it's not all bad news.

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Energy Woes to Test Real Estate Underwriting in Shale Regions

American Banker

Bankers in the Bakken Share region of Minnesota and North Dakota are keeping an eye on exposure to hotels, apartments and retail space as economic slowdowns occur in energy producing markets.

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What Is Powering The Emerging Pawnaissance?

PYMNTS

Pawn shops, historically speaking, are “mom and pop” operations, and not the kinds of outfits that tend to attract eight-figure investments in the form of an $80 million senior credit facility to fuel their national and global expansion. Not that Smart Financial ever refers to itself as a pawn shop.

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