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?

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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

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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

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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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Bitcoin Daily: Nevada OKs Blockchain Bills; Binance Restricts US Users

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Nevada has passed regulatory sandbox legislation that aims to continue blockchain investment and development in the state. We’re excited to be a partner in building the new Nevada.”.

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Nevada Marijuana Dispensary Uses Food Trucks To Sidestep Cards Regs

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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.

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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.

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.

Trade groups challenge Nevada law allowing applicant’s reliance 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. Like the Federal Equal Credit Opportunity Act, Nevada law prohibits discrimination based on marital status in credit transactions.

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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 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. The lawsuit includes an allegation that the Nevada law is preempted by the Fair Credit Reporting Act and the Equal Credit Opportunity Act.

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

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 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 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. . The lawsuit includes an allegation that the Nevada law is preempted by the Fair Credit Reporting Act and the Equal Credit Opportunity Act.

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

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

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Nevada is enforcing stricter regulations on cryptocurrency kiosks, and will now require them to have a state money transmission license.

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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

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.

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

Payments Company Owner Gets Jail Time For Debit Fraud

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

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

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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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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

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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.

Google Pay, in a bid for open payments, takes transit fare out of the station

Payments Source

Google Pay Contactless payments NevadaBecause Google Pay is already accepted at numerous mainstream merchants and is the default mobile wallet for many Android smartphone owners, it stands a strong chance of easing the friction of enrollment in a contactless fare system.

Alipay comes to taxis in Las Vegas and NYC in Verifone pact

Payments Source

Mobile payments Ant Financial Verifone New York NevadaChinese tourists visiting the U.S. may begin paying cab fares via Alipay this month in Las Vegas and next month in New York through an expanded acceptance deal with Verifone.

Nipton, Calif., Goes To Pot, Literally

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Nipton is a tiny town that sits on the border with Nevada and is home to about 20 souls. Nipton, appropriately enough, has it roots in the mining communities that popped up in the California and Nevada desert during the gold and silver rushes that sent eager prospectors and fortune hunters flooding west during the 19th century. In real estate and in retail, location is everything.

LibertyX expands Bitcoin ATM network into the desert

ATM Marketplace

LibertyX, a company that makes software that enables regular ATMs to dispense bitcoin, has partnered with independent ATM operator Desert ATM to add 90 machines to its network in Arizona and Nevada

Caesars To Resume Gaming, Hospitality Operations In Vegas

PYMNTS

As it gears up to reopen in Las Vegas, Caesars Entertainment Corporation said it would resume its gaming and hospitality functions at Flamingo Las Vegas and Caesars Palace at “the date and time for reopening specified by the state of Nevada.”

The Pandemic?s Impact On Shopping Habits And Gaming

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And in gaming, Las Vegas casinos shut their doors in mid-March due to the pandemic, which sent Nevada’s unemployment rate to almost twice the U.S. 28.2%: Unemployment rate of Nevada, which is nearly twice the U.S.

'Inventive concept'? An ATM patent suit tests the abstract idea standard

ATM Marketplace

A Nevada district court ruled an ATM patent invalid on the basis that its concept was 'fundamental economic practice long prevalent in our system of commerce

California Goes Back Under Lockdown

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Cases in Alabama, Alaska, Arkansas, Georgia, Hawaii, Idaho, Louisiana, Montana, Nevada, Oklahoma, South Carolina, Tennessee and West Virginia surged by more than 20 percent in the past week, according to Johns Hopkins. . The number of coronavirus cases in the U.S. surpassed 3.3

Vegas Rolls Dice On Reopening Shuttered Casinos

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Nevada’s governor has given the go-ahead for casinos to reopen on June 4. Nevada Gov. Steve Sisolak argued for reopening Vegas, in part by pointing to data that showed the outbreak is in decline across Nevada. “We

Las Vegas Not Near Normal As Casinos Curtail Offerings

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Just after midnight on June 4, resorts and gambling halls throughout Nevada opened again. The hospitality industry in Nevada was severely impacted; more than 122,200 hospitality and leisure employees lost their employment in April.

Bitcoin Daily: Hedgefund Billionaire Plans $1B Crypto Venture; Baton Gets Series A Funding

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On the regulatory front, Cointelegraph reported that Nevada’s finance regulator, the Financial Institutions Division of the Department of Business and Industry (NFID), said bitcoin ATM operators must conform to existing rules. . Nevada currently has 110 bitcoin ATMs.

DraftKings Hopes To Score On April IPO Despite Live Sports Desert

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As part of this deal, shares will be issued in the company’s DEAC Nevada unit as well. The new, merged company will still be helmed by DraftKings CEO and co-founder Jason Robins, and the company will be based in Nevada alongside its initial base in Boston.