CFPB Monitor

OCTOBER 3, 2019

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. See NRS 598B.060.

Nevada 90

Nevada Groups Report Lending 90

CFPB Monitor

JULY 29, 2021

A new Nevada law that becomes effective on October 1, 2021 requires translated documents to be provided to consumers by businesses that advertise and negotiate transactions covered by the law in a language other than English (or allow their agents or employees to advertise and negotiate in a language other than English).

Nevada 78

Nevada Cards Regulation Compliance 78

PYMNTS

APRIL 16, 2019

To aid in blockchain implementation, Nevada-based company Filament recently released the Blocklet Foundation Kit, which provides IoT developers and programmers with hands-on experience in developing blockchain systems. Another recently introduced piece of legislation aims to protect individuals by regulating facial-recognition cameras.

Regulation 204

Regulation Data Nevada blockchain 204

PYMNTS

AUGUST 15, 2019

Nevada is enforcing stricter regulations on cryptocurrency kiosks, and will now require them to have a state money transmission license. Switching to a smaller bank seems to be par for the course for crypto companies in the UK as regulations get tighter and big service providers decide to cut their losses.

Nevada 115

Nevada Bitcoin blockchain Regulation 115

CFPB Monitor

NOVEMBER 25, 2019

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. A preliminary injunction motion filed by the trade groups is currently pending.

Nevada 78

Nevada Groups Report Regulation 78

PYMNTS

JULY 21, 2019

Experts on dispensaries say such labeling is the only way to get around federal banking regulations. Federal regulations prevent financial institutions and other payment companies from serving up options to pay to the legal weed industry. . Skaff is a marijuana business financial advisor.

Nevada 139

Nevada Cards NV Colorado 139

CFPB Monitor

JULY 6, 2021

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. The new law took effect on July 1, 2021.

Nevada 78

Nevada Groups Industry Regulation 78

CFPB Monitor

JUNE 17, 2021

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. New Mexico Patients Debt Collection Practices Act .

New Mexico 78

New Mexico Nevada Payments Report 78

CFPB Monitor

MARCH 4, 2024

Rhode Island, Minnesota, and Nevada have joined the list of jurisdictions considering proposals to legislatively opt out of federal interest rate preemption established under the federal Depository Institutions Deregulation and Monetary Control Act of 1980 (DIDMCA).

Rhode Island 78

Rhode Island Nevada Minnesota Regulation 78

PYMNTS

JULY 5, 2020

The nation’s marijuana regulator has told financial institutions to treat the $500 million hemp businesses the same way they would any other businesses. a Nevada-based, publicly-traded company that owns processing centers and a 5,000-square-foot retail store in Arizona, praised FinCEN’s update. Hemp Inc.,

US 352

US Nevada Arizona Guidelines 352

PYMNTS

JULY 2, 2019

Dutch ministers have revealed plans to regulate cryptocurrencies in order to prevent money laundering in the country. As part of the plan, the ministers propose tightening the regulation of cryptocurrency services and initial coin offerings (ICOs), as well as boosting investments in projects to prevent crimes.

Nevada 100

Nevada Las Vegas Bitcoin cryptocurrency 100

PYMNTS

SEPTEMBER 17, 2020

which is based in Nevada, purportedly provides online retailers with fraud detection and prevention technology, according to the statement. “As Its complaint charges Rogas with going against the anti-fraud parts of federal securities regulations. 17) statement. million of investor money because of his alleged deception.

Nevada 253

Nevada Denver Fraud Security 253

PYMNTS

NOVEMBER 3, 2020

Initially, Nevada-based VirnetX was asking for about $700 million in royalties. 1), the tech giant referred to the possible effects of legal proceedings and global regulations and how those could impact its operations and financial conditions. The original lawsuit , filed Aug. In its latest annual report released on Sunday (Nov.

Apple 226

Apple Nevada Texas Maine 226

PYMNTS

AUGUST 25, 2016

But Clearinghouse CDFI can also offer interesting insight into the state of regulation of small business lending and how greater oversight may impact the SMEs that prop up their local communities. the threat of regulation is headed the way of the alternative finance player. A Regional Reach. A Regulatory Touch.

Regulation 100

Regulation Lending Community California 100

PYMNTS

JUNE 18, 2020

This not only improves responsible gaming efforts by equipping customers with digital tools to help them monitor their gaming and set limits, but also provides operators, regulators, and law enforcement increased transparency into matters of anti-money laundering and monitoring of financial transactions,” the AGA said.

US 166

US Nevada Guidelines Regulation 166

PYMNTS

SEPTEMBER 28, 2020

Regulations. SocialMediaToday reported that in early September, an EU “privacy regulator … sent Facebook a preliminary order to suspend data transfers to the U.S. More Nevada Tax Breaks for Google Data Centers . Facebook Threatens EU Withdrawal Over Data Sovereignty. about its EU users.”

Taxes 162

Taxes Compliance Illinois Las Vegas 162

American Banker

JUNE 27, 2023

The 30-page receivership petition filed in federal court on Monday demands an immediate impounding of all assets of Las Vegas-based Prime Trust.

Las Vegas 36

Las Vegas Nevada Bitcoin Digital Banking 36

PYMNTS

AUGUST 30, 2019

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. Artbloc will sell high-end art to the public,” Kim said.

Bitcoin 188

Bitcoin Nevada cryptocurrency ATM 188

PYMNTS

JUNE 23, 2019

and those security tokens are going to need a regulated exchange. The regulated exchange will disrupt Wall Street itself.”. And DigitalMint has announced a partnership with multinational convenience store chain Circle K , launching 20 bitcoin ATMs across Arizona and Nevada as part of pilot program. “We

Bitcoin 100

Bitcoin Las Vegas Nevada Arizona 100

American Banker

AUGUST 21, 2023

The Office of the Comptroller of the Currency granted federally chartered banks permission Monday to close branches in California, Nevada and Arizona affected by Tropical Storm Hilary.

Nevada 36

Nevada Arizona California Compliance 36

PYMNTS

DECEMBER 27, 2019

That is said to be a sign that the open-armed tack of the state to regulating as well as legalization different types of gambling has spurred widespread growth per an iDevelopment & Economic Association report. Online casinos’ monthly revenue more than doubled in the 15 months following the rollout of sports betting in June of last year.

NJ 131

NJ New Jersey Las Vegas Online 131

CFPB Monitor

OCTOBER 12, 2020

Topics will include credit card and payments regulation, fair lending, Fintech developments, enforcement developments, student and mortgage lending and servicing issues, debt collection, Community Reinvestment Act rules, and anti-money laundering. More information, including how to register, will be available in the coming weeks.

Nevada 60

Nevada New Jersey Pennsylvania Lending 60

Independent Banker

JUNE 30, 2022

I’ll be attending the 2022 Idaho, Nevada, Oregon and Washington Bankers Associations’ Annual Convention in Coeur d’Alene, Idaho, and meeting with ICBA’s board of directors. By implementing these new strategies, we have focused on what matters most: our customers. Where I’ll be this month.

Lending 141

Lending Idaho Nevada Oregon 141

PYMNTS

AUGUST 26, 2019

“Institutions supervised by FINMA are only permitted to send cryptocurrencies or other tokens to external wallets belonging to their own customers whose identity has already been verified and are only allowed to receive cryptocurrencies or tokens from such customers,” the regulators wrote, according to CoinDesk.

Rhode Island 109

Rhode Island blockchain Bitcoin Montana 109

PYMNTS

FEBRUARY 4, 2020

Congress can regulate sports gambling directly, but if it elects not to do so, each state is free to act on its own.”. Since 2018, when sports betting was only legal in the state of Nevada, 19 additional states and the District of Columbia have legalized the practice, either already allowing bets to be placed or are on the way to doing so.

Online 134

Online New Hampshire Rhode Island District of Columbia 134

PYMNTS

JANUARY 8, 2019

8) at the 2019 Consumer Electronics Show (CES) in Las Vegas, Nevada. The trial, which is set to start next month, will initially have human drivers as backups “until both companies and regulators deem them approved for a safe removal of the safety driver.”. The company made the announcement on Tuesday (Jan.

Las Vegas 116

Las Vegas Nevada Arizona United States 116

PYMNTS

MAY 14, 2018

“Congress can regulate sports gambling directly, but if it elects not to do so, each state is free to act on its own.” “The question now is whether Congress will leave the states to make their own choices or will now try to enact some kind of federal regulation of sports betting,” Vladeck added. .”

New Jersey 100

New Jersey Nevada Policies Oregon 100

PYMNTS

JUNE 13, 2018

In January, the CFTC filed the lawsuit in federal court, alleging that a Nevada-based company, its founder, technology entrepreneur Randall Crater, and another individual defrauded more than $6 million from customers seeking to buy My Big Coin.

cryptocurrency 100

cryptocurrency Nevada Boston Fraud 100

Abrigo

AUGUST 22, 2019

Training is especially important for the BSA officer, who “is expected to be fully knowledgeable about the BSA and all related regulations,” as a recent Federal Reserve Bank of Minneapolis publication noted. 7 in New York, New York An additional workshop in Las Vegas, Nevada is planned for January 2020, with further details coming soon.

Training 150

Training Las Vegas Alabama Minneapolis 150

PYMNTS

AUGUST 30, 2017

A Nevada homeowner has filed a lawsuit accusing Wells Fargo & Co of improperly forcing thousands of U.S. customers to lock in home interest rates when their mortgage applications were delayed. Reuters reported news that Victor Muniz alleges that he was charged $287.50

San Francisco 121

San Francisco Nevada Regional Analysis 121

PYMNTS

JANUARY 25, 2018

regulators say that a Nevada company and two involved individuals allegedly defrauded more than $6 million from customers seeking to buy a virtual currency called My Big Coin, Reuters reported. In possibly the latest crime involving cryptocurrency, U.S.

Bitcoin 120

Bitcoin cryptocurrency Nevada New York 120

PYMNTS

JANUARY 10, 2018

The blockchain hype certainly hasn’t risen without catching the attention of regulators. Reports noted the efforts echo those seen in Nevada, with one bill that aims to “prohibit cities and villages and counties from taxing or otherwise regulating the use of distributed ledger technology.”. Regulatory Moves.

blockchain 101

blockchain Nebraska Bitcoin cryptocurrency 101

CFPB Monitor

JANUARY 17, 2019

An important takeaway from the decision is that a company receiving a letter from a regulator or state attorney general that asserts the company’s conduct violates or may violate state law should consult with outside counsel as to the applicability of such law and whether a response is required or would be beneficial.

Minnesota 60

Minnesota Nevada Lending Policies 60

PYMNTS

SEPTEMBER 6, 2019

No one would ever mistake a marijuana dispensary for a food truck, but that is what one shop in Reno, Nevada calls itself when charging customers’ credit cards. Experts on dispensaries say such labeling is the only way to get around federal banking regulations.

Retail 121

Retail Innovation Colorado Payments 121

American Banker

NOVEMBER 8, 2016

Voters in Florida, North Dakota, Montana and Arkansas approved medical marijuana measures on Tuesday, while their counterparts in California, Massachusetts and Nevada approved recreational pot initiatives.

North Dakota 51

North Dakota Montana Arkansas Nevada 51

CFPB Monitor

JANUARY 5, 2021

On December 30, 2020, the CFPB announced a consent order with Omni Financial of Nevada, Inc. based on alleged violations of the Military Lending Act (MLA) and Electronic Funds Transfer Act (EFTA). This is the second consent order announced as part of a sweep of investigations for potential MLA violations.

Lending 78

Lending Trends Nevada Compliance 78

American Banker

MARCH 18, 2016

The Consumer Financial Protection Bureau claimed victory Friday in resolving a long-standing lawsuit against the bankrupt Nevada debt-relief company Morgan Drexen, which preemptively sued the agency in 2013.

Nevada 28

Nevada Company Regional National 28