Nevada Gov Sisolak Wants Blockchain-Based Cities

PYMNTS

Nevada Gov. One of the first large beneficiaries of the bill would be Blockchains LLC , which is a Nevada-based group and has announced previously its intention to build a city on 67,000 acres of desert land which it acquired in 2018 near Reno.

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Nevada Facing Record Unemployment With Casinos Closed

PYMNTS

With an economy heavily reliant on tourism, Nevada may have the largest number of unemployed workers due to the coronavirus pandemic. In another grim survey, the Nevada Resort Association, an industry trade group, projected casinos will lose $39 billion by the fall of next year.

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Will Nevada Face The Pandemic’s Greatest Impact?

PYMNTS

The pandemic has impacted Nevada’s labor force more than any other state in the country, and it could continue to disrupt the Las Vegas economy years into the future. Coronavirus casinos economy gambling Gaming Las Vegas Nevada News

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How One Nevada Credit Union Secures Its Self-Service Innovations

PYMNTS

Inside One Nevada Credit Union’s Self-Service Transformation. Many credit unions, including One Nevada Credit Union , are undergoing extensive changes to cater to this desire, but these transformations invariably bring challenges of their own.

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How One Nevada Credit Union Secures Its Self-Service Innovations

PYMNTS

One CU undergoing a self-service transformation is One Nevada Credit Union , which serves 80,000 members and has $959 million in assets. One Nevada needed to make sure its staff understood the model’s benefits so they could explain the new business plan’s advantages to members.

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Industry groups challenge Nevada’s new medical debt collection law

CFPB Monitor

On June 25, a group of collection agencies, law firms, and industry associations filed a lawsuit against the Nevada State Commissioner requesting the Court declare invalid Nevada Senate Bill 248, which regulates medical debt collection. Nevada enacted the new law last month.

Video-Game Retailer GameStop Adds To Shipping Network With Nevada Facility

PYMNTS

The company announced Tuesday (July 6) that it had signed a lease on a 530,000-square-foot facility in Reno, Nevada. Meme-stock star GameStop continues to forge ahead on the comeback trail.

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Trade groups respond to Nevada regulator and AG in lawsuit challenging Nevada law

CFPB Monitor

They point to operational and compliance issues (and related costs) encountered as a result of trying to comply with both the new Nevada statute and existing federal law. Fair Credit Regulatory and Enforcement credit nevada spouse

Nevada bill imposing new requirements for consumer vehicle leases awaiting Governor’s signature

CFPB Monitor

A bill ( AB 298 ) currently awaiting the signature of the Nevada Governor would impose new limits on the terms of consumer vehicle leases and require new disclosures. Currently, Nevada law on vehicle leasing (NRS Chapter 100) only applies to vehicle leases for business or commercial purposes.

Nevada Marijuana Dispensary Uses Food Trucks To Sidestep Cards Regs

PYMNTS

No other dispensaries in Nevada’s Washoe County take credit cards except the six Blüm shops. No one would ever mistake a marijuana dispensary for a food truck, but that is what one shop in Reno, NV calls itself when charging customers’ credit cards. Credit card statements will show that a purchase was made at the “Midgrun Eats LLC food truck, not at the Blüm Marijuana Dispensary ,” the Reno Gazette-Journal reports. .

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Nevada and New Mexico State Medical Debt Collections Laws to Take Effect July 1, 2021

CFPB Monitor

State legislatures in New Mexico and Nevada enacted laws this session targeting medical debt collections. Nevada Medical Debt Collection Law . Nevada’s new medical debt collection law applies to all debts for goods and services provided by medical facilities.

Nevada Governor approves bill requiring translated documents for consumer financial services transactions, including credit cards and auto title loans

CFPB Monitor

A knowing violation of the new requirement is deemed a deceptive trade practice under Nevada’s UDAP law and non-compliance allows “the aggrieved party” to rescind the transaction. The new Nevada law is modeled after a long-standing California law.

A Las Vegas casino bets against cash

American Banker

Nevada Digital payments Cash

Clark County Credit Union joins $1 billion-asset club

American Banker

Nevada Credit unions Earnings

Nevada directive requiring collection agencies to cease collection efforts due to COVID-19 outbreak creates uncertainty

CFPB Monitor

The DBI also directed all collection agencies holding a Nevada license or certificate (regardless of the whether the licensee is located in-state or out-of-state) to “cease collection efforts with Nevada consumers/residents” effective midnight March 20 until April 6.

Lawsuit by 3 trade groups challenging Nevada spousal credit history law dismissed

CFPB Monitor

A federal District Court judge in Nevada has dismissed a case filed by several trade associations against the Commissioner of the Financial Institutions Division (“FID”) of the Nevada Department of Business and Industry and the Nevada Attorney General.

Trade groups challenge Nevada law allowing applicant’s reliance on spouse’s or former spouse’s credit report

CFPB Monitor

On October 1, three trade groups filed a lawsuit in Nevada federal court challenging an amendment to Nevada law that allows an applicant for credit with no credit history to request that the creditor deem the applicant’s credit history to be identical to that of the applicant’s spouse during the marriage. The amendment is contained in Senate Bill 311 which was signed into law by the Nevada Governor on July 1, 2019 and became effective on October 1.

Nevada regulator and AG seek dismissal of lawsuit filed by trade groups challenging Nevada law allowing applicant to rely on spouse’s or former spouse’s credit report

CFPB Monitor

The Commissioner of the Financial Institutions Division of the Nevada Department of Business and Industry and the Nevada Attorney General have filed a motion to dismiss the lawsuit filed last month in Nevada federal court by three trade groups challenging an amendment to Nevada law that allows an applicant for credit with no credit history to request that the creditor deem the applicant’s credit history to be identical to that of the applicant’s spouse during the marriage.

Nevada regulator and AG file new motion to dismiss in lawsuit by 3 trade groups challenging Nevada law

CFPB Monitor

We have been closely following a lawsuit challenging a 2019 Nevada amendment that relates to the treatment of spousal credit history during the credit application process.

Nevada Supreme Court Cabins Statute Eliminating Limitations Period On Deposit Claims Against Banks

CFPB Monitor

On November 20, 2020, the Nevada Supreme Court handed banks a significant victory by agreeing with the Defendant bank’s interpretation of a Nevada statute concerning the application of statutes of limitation.

Bitcoin “ATMs” Come to Nevada and Arizona

Banking Exchange

What do Circle K convenience stores have to do with Bitcoin? Retail Banking Technology Payments Branch Technology/ATMs Blockchain Fintech Financial Research Feature Financial Trends Feature3. 1Retail Banking

Trade groups respond to motion to dismiss lawsuit challenging Nevada law allowing applicant to rely on spouse’s or former spouse’s credit report

CFPB Monitor

The amendment is contained in Senate Bill 311 which was signed into law by the Nevada Governor on July 1, 2019 and became effective on October 1. Fair Credit Regulatory and Enforcement ECOA nevada

Bitcoin Daily: Nevada Tightens Regs On Crypto Kiosks; Barclays And Coinbase Call It Quits

PYMNTS

Nevada is enforcing stricter regulations on cryptocurrency kiosks, and will now require them to have a state money transmission license. BitAML Senior Advisor Annelise Strader told CoinDesk that the state’s regulatory team recently changed its interpretation of what is considered a money transmitter within the state. As a result, the $5,000 kiosks need to be licensed by the state and will require a surety bond requirement of $10,00 upfront plus $5,000 for each location.

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Nevada regulator and AG file opposition to trade groups’ preliminary injunction motion in lawsuit challenging Nevada law allowing applicant to rely on spouse’s or former spouse’s credit report

CFPB Monitor

The Commissioner of the Financial Institutions Division (FID) of the Nevada Department of Business and Industry and the Nevada Attorney General have filed opposition to the preliminary injunction motion filed by three trade groups in their lawsuit challenging an amendment to Nevada law that allows an applicant for credit with no credit history to request that the creditor deem the applicant’s credit history to be identical to that of the applicant’s spouse during the marriage.

Student Loan Default Rates Highest In Nevada And Southern States

Tom Groenfeldt

LendEDU, which developed software to help students see which loans would be best for them, has found that default rates on student loans vary widely. across the county

This week’s podcast: expectations for Nevada’s new Democratic Attorney General

CFPB Monitor

The “Blue Wave” hit Nevada last November as well, resulting in the election of Democrats to serve as Governor and Attorney General. State CFS Monitor attorney general colorado nevadaMore aggressive enforcement and increased legislative activity are expected.

CFPB fines Nevada lender over alleged Military Lending Act violations

American Banker

The agency said Omni Financial in Las Vegas illegally required service members to designate a portion of their paychecks to repay loans, depriving of them of other payment options. Consumer lending Enforcement actions Enforcement CFPB

Nevada Car Insurance: Guide to Getting Coverage at the Lowest Rates

MyBankTracker

Car insurance premiums in Nevada are above the national average. Average Car Insurance Rates in Nevada. Factors that Will Affect Your Nevada Car Insurance Premium. What is the Average Nevada Car Insurance Rate Based on Nevada City?

Credit union joins list of lenders selling PPP originations

American Banker

Greater Nevada Credit Union, like a number of community banks, agreed to sell its Paycheck Protection Program loans to avoid having to navigate the complicated forgiveness process. SBA Nevada Credit unions Paycheck Protection Program

Zions Names New CEO at Nevada State Bank

American Banker

has appointed a new CEO at Nevada State Bank. Zions Bancorp. breaking_news people nv ut national-regional

Today In Payments: Coronavirus Decimates US Stock Market; Ex-Microsoft Engineer Guilty Of 18 Felonies

PYMNTS

How One Nevada Credit Union Secures Its Self-Service Innovations. In this month’s Credit Union Tracker, Chief Financial Officer Steve O’Donnell for One Nevada Credit Union discusses how the CU revamped its core system to offer these self-services while ensuring member privacy.

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Payments Company Owner Gets Jail Time For Debit Fraud

PYMNTS

Security & Fraud accounts checks fraud justice department Nevada News remotely-created checks victims What's Hot

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Pacific Mercantile to Merge with Banc of California

Banking Exchange

Plus: Nevada-based Plumas Bancorp set to acquire Bank of Feather River Management Feature M&A Feature3. 1Management

De novo started by gamblers rolls dice on banking them

American Banker

Nevada Compliance Deposits AML Risk management Community banking Growth strategies De novo institutions Money launderingLexicon Bank in Las Vegas, whose chairman was a professional gambler, is actively courting poker players to open deposit accounts for their tournament winnings.

Bitcoin Daily: Dutch Parliament Cracks Down On Money Laundering; Busan Considers Launching Its Own Crypto

PYMNTS

Berns, who revealed last year his plans to create a blockchain-focused master-planned community and e-sports arena in the Nevada desert, said the acquisition of the Las Vegas-based Kirkwood Bank of Nevada is an important step in reaching his goal. Purchasing the bank was basically security for me to make sure that Blockchains and I had access to the financial system,” he said in an interview with The Nevada Independent.