New Jersey Outlaws Cashless Businesses

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New Jersey has passed a law banning cashless stores and restaurants, according to reports. New Jersey is the second state to outlaw cashless stores after Massachusetts, which signed a similar bill into law back in 1978.

New Jersey Getting Closer To Legalizing Recreational Marijuana

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New Jersey Governor Philip D. According to a report in The New York Times , if the agreement wins enough support in the state legislature, New Jersey could be next to enable legal use of pot.

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Kearny expanding in northern New Jersey with MSB purchase

American Banker

The company will pay $94 million for a bank with operations in New Jersey's Somerset and Morris counties. Community banking M&A Growth strategies New Jersey

New Jersey Shows The Good And Bad Of Gambling Payments Progress

PYMNTS

Among recent developments is the addition of PayPal to the sportsbook operated by DraftKings in New Jersey. Payment processing has been among the chief dampeners of performance in New Jersey’s regulated online gambling market,” observed Legal Sports Report.

New Jersey files lawsuit against two buy-here pay-here used car dealers

CFPB Monitor

On March 7, New Jersey Attorney General Gurbir S. The complaint alleges that these practices violated the New Jersey Consumer Fraud Act, the New Jersey Motor Vehicle Advertising Regulations, the Automotive Sales Regulations, and the state Used Car Lemon law and regulations. Auto Finance State CFS Monitor auto dealers new jersey attorney general new jersey consumer fraud act

New Jersey enacts licensing and other requirements for student loan servicers

CFPB Monitor

On July 30, 2019, Acting New Jersey Governor Sheila Oliver signed into law SB 1149 , which requires student loan servicers to be licensed, creates an Office of the Student Loan Ombudsman within the NJ Department of Banking and Insurance, imposes various requirements, and prohibits certain conduct.

NJ Legislators Propose Tighter Data Privacy Regulations

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Lawmakers in New Jersey are proposing a bill to solidify data privacy guidelines and inflict tougher limits on the tech industry, The Wall Street Journal reported on Monday (March 2). New Jersey joins Washington, Illinois and other states and regions in introducing data privacy laws.

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Century Savings in N.J. hires veteran banker as its president

American Banker

David Hanrahan had been CEO of Capital Bank of New Jersey, which was sold last year to OceanFirst Financial. Recruiting Community banking Growth strategies New Jersey

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Boxed And Costco Have Their Roots In A 1970s New Jersey A&P Store

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A&P named its concept Warehouse Economy Outlet — or “Where Economy Originates” — and opened its first location in Pennsauken, New Jersey, in 1971. In another commercial , a spokesperson proclaimed, “It’s a brand-new concept: You shop at a modern supermarket with wild warehouse prices,” as the slogan “wild warehouse prices” flashed across the screen. If Amazon does end up acquiring Boxed, perhaps the new Costco card will be an Amazon Prime membership.

NJ Launches First Mobile App For Lottery Tickets

PYMNTS

New Jersey is the first state lottery to authorize lottery courier services formally, enabling the placement of orders via a mobile app, according to an announcement from the company. . The company is available as of now in New Jersey, Texas, New Hampshire, and Minnesota.

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New Jersey Community Exits Consent Orders, Swaps Out Directors

American Banker

New Jersey Community Bank in Freehold has exited a pair of regulatory orders. The $102 million-asset bank also said in a press release Tuesday that two siblings have resigned from its board. breaking_news people corporate-governance fdic community-banking

Bancorp of New Jersey Hires Former State Regulator as Chief

American Banker

Bancorp of New Jersey in Fort Lee has hired a former state regulator as its new chief executive. womenin-banking people succession-planning nj recruitment community-banking

Provident in N.J. to surpass $10B in assets with SB One acquisition

American Banker

The company will enter an affluent New Jersey county and a key New York market with the $209 million deal. New York Community banking M&A Growth strategies New Jersey

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Northfield adding Staten Island branches with VSB purchase

American Banker

The New Jersey company will pay $63 million for the parent of Victory State Bank. Community banking M&A Growth strategies New Jersey New York

Investors Bancorp buys out activist shareholder

American Banker

The New Jersey company paid $336 million for all stock owned by Blue Harbour Group. Community banking Activist Investors Growth strategies New Jersey

Bancorp of New Jersey's Chief Executive Resigns

American Banker

Michael Lesler resigned as CEO and president of the $803 million-asset company, it said Thursday. breaking_news people recruitment nj community-banking

New York To Limit The Number Of Event Attendees Amid Coronavirus

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As New Jersey and New York limit the number of people at events because of COVID-19 fears, the governor of New York said meetings of over 500 individuals would not be allowed following Friday evening with some exclusions. Coronavirus new jersey New York News What's Hot

Bitcoin Daily: Avanti Preparing To Apply For Banking Charter; NJ Lawmaker Introduces Regulatory Rules On Crypto

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Meanwhile, a New Jersey lawmaker has introduced a bill that would require cryptocurrency firms to obtain a license before being able to operate, according to Coin Telegraph. 20, which would introduce new standards and rules for how crypto businesses operate.

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United Roosevelt to Buy Wawel Financial in New Jersey

American Banker

United Roosevelt Savings Bank in Carteret, N.J., has agreed to buy Wawel Financial Services in Garfield, N.J. breaking_news dealmaking-strategy m-a nj community-banking

PNC ordered to pay ex-employee $2.4M in sexual harassment case

American Banker

A New Jersey jury has put banks and other businesses on notice about their liability for incidents involving clients who mistreat employees in the workplace. Legal & General Risk management PNC Financial Services Group Branch management New Jersey Sexual harassment in the professional workplace

NJ: Uber Owes $650M In Taxes After Misclassifying Drivers

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New Jersey’s Department of Labor and Workforce Development claims that Uber owes the state around $650 million in unemployment and disability insurance taxes because it has been wrongly classifying its drivers as independent contractors. We are challenging this preliminary, but incorrect, determination, because drivers are independent contractors in New Jersey and elsewhere,” said Alix Anfang, an Uber spokeswoman, according to Bloomberg Law.

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NJ Online Gaming Revenue Set To Grow 66 Pct This Year

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With blackjack and roulette on mobile phones, the growing market for online sports wagering in New Jersey has introduced gamblers to virtual casino games. Mobile betting, however, is only allowed in five: New Jersey, West Virginia, Iowa, Pennsylvania and Nevada per earlier reports.

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Bitcoin Daily: NJ Assembles Blockchain Initiative Task Force; IBM Eyes Blockchain Browser

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New Jersey ’s governor has signed a bill to implement a Blockchain Initiative Task Force. In other news, IBM recently filed a new patent application for a blockchain-based web browser. “In

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OceanFirst in N.J. gives early glimpse into coronavirus exposure

American Banker

Community banking Commercial lending Coronavirus Credit quality New Jersey Hospitality and lodgingThe company is one of the first to share information on impacted clients, forbearance requests and emergency loan applications.

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Report: 80 Pct. Of NJ Gamblers Place Wagers Online

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Mobile sports betting is quickly growing to a point where New Jersey is close to topping Las Vegas as the country’s biggest market, The Wall Street Journal reported Monday (Sept. Mobile betting, however, is only allowed in five: New Jersey, Pennsylvania, West Virginia, Iowa and Nevada.

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11 bankers and disruptors to watch in 2020

American Banker

And will New Jersey Gov. Women in Banking C-suite Corporate governance Wells Fargo Truist Financial CIT Group KeyCorp Affirm Comerica Bank Santander JPMorgan Chase New JerseyCan Charlie Scharf fix what ails Wells Fargo?

Morning Scan: Wells Settles; Silicon Valley Seeks Gold in New Jersey

American Banker

Receiving Wide Coverage. Another hit: Wells Fargo has agreed to pay $50 million to settle a class-action lawsuit in which it was accused of overcharging homeowners for appraisals ordered after the borrowers defaulted on their mortgages. The plaintiffs allege they were charged $95 to $120 for a service that cost the bank $50 or less. Under the proposed settlement, Wells will mail checks, averaging $120 each, to more than 250,000 customers whose home loans were… morning-scan national-regiona

Top News In Payments: Elavon To Buy UK Gateway Sage Pay; Germany To Make Digital Payment Providers Open Systems To Rivals

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Also, Apple criticized the vote of German lawmakers to pass new legislation that would make it open up its mobile payment system to rival providers. 1 when City National Bank of New Jersey closed its three branches. In today’s top payments news, U.S.

Industrial evolution: Black-owned D.C. bank set to expand in New York

American Banker

Industrial Bank CEO Doyle Mitchell has spent countless hours in New York since his bank bought the failed City National in November, meeting with existing customers and plotting his growth plans. CDFIs Community banking Law and regulation New Jersey New York

Why one lawmaker seeks a federal ban on cashless businesses

Payments Source

New JerseyDonald Payne, D-N.J., recently introduced the Payment Choice Act in the U.S. House of Representatives to prohibit retail businesses from refusing cash for payments. Compliance Cash Retailers U.S.

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Smart Cities Projects Testing IoT Technology To Fix Traffic, Transit Woes

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Singapore, Tokyo, New York, London and Shanghai are leading cities in spending this year. Among the major smart city deployments, both New York and London are participating in a major rollout of connected sidewalk kiosks, which will replace existing phone booths and offer residents free Wi-Fi access, device charging and tablets with maps and city information. New Jersey Transit , the third largest transit system in the U.S.,

Accept cash, credit card or mobile payment? Government wants a say

Payments Source

Digital payments Contactless payments Credit cards Mobile payments Pennsylvania New Jersey CaliforniaState and local officials have pushed back against retailers that don’t take cash, and now some are pressuring electric vehicle firms to expand payment options at charging stations.

Pro-cash laws gathering momentum in N.J., Philadelphia

Payments Source

Retailers Compliance Digital payments Cash New Jersey PennsylvaniaThe pushback on stores that don’t accept cash seems to be gaining momentum, with Philadelphia the latest municipality to consider a law that would ban cash-free shops.

Supreme Court Reverses State Ban On Sports Betting

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New Jersey was the ringleader of the effort, though it did enlist support from 17 other states and three additional state governors. “I am thrilled to see the Supreme Court finally side with New Jersey and strike down the arbitrary ban on sports betting imposed by Congress decades ago,” New Jersey Governor Phil Murphy said Monday. Regulation gambling law new jersey News regulation SCOTUS Sports betting sports gambling supreme court

Uber Of X: Rent-A-Ref, Sports Officials For Any Game Or Tournament

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Based out of Riverside, California, the website (and soon-to-be mobile platform) has been working with leagues all over the state, as well as in Colorado, New York, New Jersey, Massachusetts, Illinois, Wisconsin and Texas. uber of x California Colorado Illinois Massachusetts new jersey New York referee referees rent-a-ref Texas Uber of X What's Hot WisconsinPerhaps the most overlooked person in any sport is the most important one: the referee.