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NJ Online Gaming Revenue Set To Grow 66 Pct This Year

PYMNTS

With blackjack and roulette on mobile phones, the growing market for online sports wagering in New Jersey has introduced gamblers to virtual casino games. Online casinos’ monthly revenue more than doubled in the 15 months following the rollout of sports betting in June of last year.

NJ 131
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Widening Borrower Protection’s Scope To SMBs

PYMNTS

Borrower protection initiatives have taken aim at predatory lenders, both online and brick-and-mortar, with legislators at the state and federal levels addressing concerns that include a lack of transparency and sky-high fees and interest rates. small businesses had sought a loan online, compared to just 19 percent that did so in 2017.

Lending 136
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Virtual Cards Run Into Payroll Card-Like Legal Troubles

PYMNTS

Reports in Online Athens on Monday (July 16) highlighted the Georgia General Assembly’s passage of legislation that bans insurance providers from requiring medical service practitioners to accept virtual cards without another option of receiving payment. The New York State Department of Labor later appealed the board’s ruling.

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Smart Retailers Inspire Confidence Via Cleanliness

PYMNTS

Example: Ted Gallagher is vice president and partner at Environmental Hazards Control , a Lancaster, Pennsylvania-based company that disinfects retail locations and other business facilities. We’re hoping to see an end of this before September,” he told Lancaster Online recently. It’s been stressful.

Retail 141
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OppFi files complaint to block “true lender” challenge by California Department of Financial Protection and Innovation

CFPB Monitor

The rules provide that a loan made by a national bank, federal savings association, or federally-insured state-chartered bank that is permissible under applicable federal law (Section 85 of the National Bank Act (NBA) or Section 27 of the Federal Deposit Insurance Act (FDIA)) is not affected by the sale, assignment, or other transfer of the loan.

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Economic Nexus Laws’ Unexpected Impacts On Restricted Substance Retailers

PYMNTS

These laws were meant to make online sellers face sales tax requirements similar to those for retailers with on-the-ground locations, putting both types of businesses on equal footing. Retailers in high-tax states have largely not been able to build themselves up or expand online beyond their local markets to the same extent, Rogers said. .

Retail 109
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Dave & Buster’s Becomes Latest Payroll Card Lawsuit Target

PYMNTS

He also pointed to increasing national awareness of these issues. “A lot of big, national employers are shifting to these pay cards because it reduces their administrative fees for printing these paychecks. Employees can make point-of-sale transactions, get cash back and pay bills online at no cost,” SOLE wrote.

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