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Bitcoin Daily: Bitcoin Stock Dips At Vaccine News; Crypto Licensing Bill Proposed In NJ; TradeStars Launches New Fantasy Sports Stocks Token

PYMNTS

Good news for restaurants, physical retail — and consumers — but bad news for delivery apps, quick-service restaurants (QSRs), streaming services, and apparently bitcoin, although many expect this dip to be temporary, reported CoinDesk. Meanwhile, New Jersey Sen.

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

PYMNTS

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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Credit reporting trade association seeks injunction to block NJ law requiring credit reports to be made available in multiple languages

CFPB Monitor

Filed in New Jersey federal district court, CDIA’s complaint alleges that the NJ requirement to make credit file disclosures available in multiple languages is preempted by federal law and violates the First Amendment of the U.S. Accordingly, CDIA’s members cannot comply [with NJ law] without violating [the federal FCRA].”.

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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. Licensing requirement.

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NJ Lawmakers: Brick-And-Mortars Must Accept Cash

PYMNTS

Lawmakers in New Jersey have passed a bill to ban stores from going cashless. The eCommerce giant operates a cashless Amazon Books store at Garden State Plaza, a mall in Paramus, N.J. New York City and Philadelphia are also reportedly considering similar bans. Senate Commerce Committee.

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NJ Malls Contend With American Dream’s Opening

PYMNTS

Owner Triple Five Group is forecasting 40 million visitors yearly after the East Rutherford mall is fully in operation. And, in the event it attracts just a small portion of that traffic, it could mean bad news for some of the nine shopping centers in the vicinity that are vying for the flushest residents of the New York metro area.

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Blue Apron’s Move To NJ Facility Affecting 24 Percent Of Its Workforce

PYMNTS

Just one month after its IPO, Blue Apron is closing a New Jersey facility and moving 1,270 jobs to a larger site opening in the state later this year. According to Bloomberg Technology , more than half of the employees at the Jersey City facility have decided to move to Linden, New Jersey, a company spokeswoman said.

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