CFPB Monitor

JANUARY 21, 2022

The AO addressed whether an EWA program with the characteristics set forth in the AO was covered by Regulation Z. The AO set forth the Bureau’s legal analysis on which it based its conclusion that the EWA program did not involve the offering or extension of “credit” within the scope of Regulation Z.

New Jersey 78

New Jersey Regulation Groups Analysis 78

PYMNTS

MAY 8, 2020

Supreme Court decision allowed sports betting in 2018 and inspired 2019 laws that govern the fledging industry in 10 states and set guidelines such as how online casinos can operate and how sports betting would be taxed. This year was expected to be lucrative for online sports betting as it is the first since those regulations were created.

Online 176

Online Industry New Jersey Pennsylvania 176

PYMNTS

MARCH 19, 2019

New Jersey was the ringleader of the effort, though it did enlist support from 17 other states and three additional state governors. According to the latest data from the state’s gambling regulator, consumers in New Jersey have placed more than $780 million worth of online bets since that decision, and $1.25

Online 125

Online New Jersey Las Vegas Risk Management 125

PYMNTS

NOVEMBER 6, 2019

5) when Jersey City residents voted to apply more regulations to short-term rentals, a decision that could have repercussions as the company prepares for an IPO, according to a report by CNBC. Many cities across the country are concerned with how the company operates and what effect its rentals have on long-term residents.

New Jersey 101

New Jersey Regulation New York Community 101

PYMNTS

NOVEMBER 26, 2018

According to the court documents, Blue Apron’s website states that “we win together, not alone; we operate with integrity.”. “If If Blue Apron truly does operate with integrity and is accountable,” the lawsuit reads, “then it will pay its employees all of their hard-earned wages.”.

California 169

California Iowa Arkansas New Jersey 169

PYMNTS

MAY 7, 2020

Kindred Group operates the online casino and sportsbook service Unibet. Kindred Group, which also supports gambling platforms in Europe and Australia, has been operating its Unibet brand in New Jersey and Pennsylvania for about a year. The ways gambling winnings can be paid out in the U.S. This can slow down progress.

Online 142

Online New Jersey Pennsylvania Regulation 142

Abrigo

MARCH 22, 2023

Banking regulators and criminals understand TBML, so be sure your AML investigative team also does. It is also beneficial for investigators to understand domestic and international geographical risks. Gain confidence in your BSA program.

Training 195

Training Fraud New Jersey Regulation 195

PYMNTS

FEBRUARY 28, 2020

The American Dream megamall in New Jersey is preparing to open a round of retail stores after nearly two decades in waiting. There is also an indoor skiing operation which opened over the winter, and a DreamWorks Animation Water Park is set to open soon along with the first wave of retailers.

New Jersey 133

New Jersey Retail New York Groups 133

Abrigo

OCTOBER 29, 2014

Multifamily, commercial and automotive loans are driving loan growth among banks in the Northeast, but increasing risk will draw fresh attention from regulators to ensure recent and future growth is sound, the Office of the Comptroller of the Currency said recently. The OCC on Oct. The OCC on Oct. percent as measured on June 30 of this year.

Rhode Island 236

Rhode Island District of Columbia West Virginia New Jersey 236

PYMNTS

FEBRUARY 20, 2020

Regulators around the world are passing new laws to make sure ad hoc workers are properly protected, and some of these rules could have sweeping implications for businesses and their freelance partners. states are developing similar regulations. The most sweeping of these rules in the U.S. Lawmakers in other U.S.

Security 161

Security Regulation New Jersey Payments 161

PYMNTS

JANUARY 23, 2019

3 Super Bowl approaches — heaven for football fans and gamblers, including bettors who make wagers via online channels — federal authorities have brought a new level of uncertainty into the prospect of those legal bets. Now the operators of sports betting websites are wondering if the U.S. As the Feb. Supreme Court decision.

Online 143

Online New Jersey Las Vegas Risk Management 143

PYMNTS

FEBRUARY 26, 2019

The access is exclusive to Caesars locations across select states where the company operates casino properties. In New Jersey and Mississippi, DraftKings Sportsbook mobile and retail allows players to bet for major U.S. and international sports, pursuant to state rules and regulations. and Australia. .”

Online 108

Online Mississippi New Jersey Boston 108

PYMNTS

SEPTEMBER 10, 2018

It has reportedly launched FanDuel Sportsbook , which offers online betting services for real sporting events — but only to consumers located in New Jersey, for now. New Jersey was the ringleader of the effort, though it did enlist support from 17 other states and three additional state governors. Before the U.S.

Online 101

Online New Jersey NJ United States 101

Jeff For Banks

NOVEMBER 9, 2018

February 2018 - Regulators limit WF growth due to "widespread consumer abuses and compliance breakdowns." The spate of bad news led to Wells launching a nationwide ad campaign to repair its image. As part of my comments, I presented the following table of New Jersey Deposit Market Share. What do you think?

New Jersey 60

New Jersey Compliance Community Meeting 60

PYMNTS

JANUARY 29, 2019

In the meantime, what should businesses that want to operate in that new world do besides sit around and wait? Those were the main topics in a new PYMNTS interview, featuring Karen Webster and Zac Cohen, general manager at Trulioo , a global identity verification service. “The More about that in just a bit, though.

Online 169

Online Las Vegas New Jersey Fraud 169

PYMNTS

OCTOBER 2, 2019

including Paddy Power and Betfair, which operate walk-in betting parlors in shopping districts of many of Britain’s cities and towns,” the newspaper reported. There is a wave of gambling company consolidation in Europe as regulators tighten their grip on wagering operations. elections.”. has added to that pressure.

Online 134

Online Houston New Jersey Innovation 134

PYMNTS

DECEMBER 8, 2020

Washington state became the latest example late last month, as reported by Eater Seattle , and joins New Jersey and cities such as New York City, as PYMNTS reported. DoorDash is branching out to other services, such as a “ghost convenience store” that is a nod to operating a brick-and-mortar service.

Seattle 160

Seattle New York City Washington New Jersey 160

PYMNTS

MAY 6, 2020

The COVID-19 pandemic has had a noted effect on how several industries can operate and interact with their customers during this time including retail stores, movie theaters and casinos. There is one sticking point online casinos need to fix, however, and that is the speed at which consumers receive their winnings.

Online 222

Online Taxes United States Industry 222

PYMNTS

JUNE 13, 2019

Standards like that are unsustainable for banks operating on the scale of BNY Mellon, which handles more than $34 trillion in assets. You give your operational team magnets.”. AI can also ensure bank activities are compliant with regulations and anti-money laundering (AML) standards, keeping banks out of legal hot water. “But

Fraud 128

Fraud Analytics New Jersey Data 128

PYMNTS

JANUARY 29, 2020

As online lending platforms proliferate among the SMB borrowing community, however, experts warn that a lack of regulation means these companies rarely publicly reveal interest rates and fees. “For a small business to start, sustain and scale operations, they need a ‘friend in court,’ so to speak.”

Lending 136

Lending New York Online New Jersey 136

PYMNTS

MARCH 4, 2019

As had been reported late last month, in New York City, the city council held a hearing centered on a bill that would ban stores and restaurants from being able to refuse to accept cash. A similar ban has already passed in New Jersey and similar legislation has been backed by legislators in Philadelphia and signed into law this past week.

Retail 129

Retail New York City New York New Jersey 129

PYMNTS

JULY 15, 2016

Santander is a national bank based in Wilmington, Delaware, and operates a network of close to 700 retail branch offices in Connecticut, Delaware, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania and Rhode Island.

Rhode Island 100

Rhode Island Delaware New Hampshire New Jersey 100

PYMNTS

MAY 16, 2018

He predicts that the state of New Jersey will be accepting live electronic bets in time for the start of the American football season, and other states won’t be far behind; they’ll want to cash in on the season, he said. The ability to shape this new environment is simply “cascading” what’s already existed for decades.

Online 100

Online Fraud Industry New Jersey 100

PYMNTS

APRIL 10, 2017

Amazon said many of the jobs will be in the company’s new fulfillment centers that are currently under construction in Texas, California, Florida, New Jersey and other states around the country. at the hands of the SEC, bitcoin world was looking for some good news. Japan Gives Bitcoin a Big Thumbs Up. A few times.

Bitcoin 108

Bitcoin Data ATM New Jersey 108

PYMNTS

MAY 23, 2020

The pilot in Tampa is not unique: In Cincinnati, Atlanta, New Jersey, Massachusetts, California and Connecticut, local governments are trying out arrangements to allow restaurants to reclaim space not normally used for serving customers to make reopenings possible. The pilot is] a lifesaver for us.”.

Tampa 249

Tampa Connecticut Guidelines New York City 249

PYMNTS

JUNE 27, 2016

riders in Miami, San Diego, Philadelphia, Seattle, New Jersey and New York join those in New Delhi, Kolkata, Mumbai, Hyderabad and Chennai, India, as the first to try Uber without the customary sense of sticker shock that ends more than a few rides before they even begin. In the U.S.,

Austin 100

Austin San Diego New Jersey Philadelphia 100

Independent Banker

AUGUST 31, 2021

Of course, banks need to be sure to do the due diligence regulators require—and expect supervisory oversight—but that shouldn’t preclude them from pursuing partnerships. Cheryl Winokur Munk is a writer in New Jersey. There are many examples of bank-fintech partnerships. Sunrise Banks, for example, is very active in this space.

Community Bank 170

Community Bank Community Lending Leadership 170

PYMNTS

MARCH 31, 2020

The necessity of such regulations is undeniable, however, as lagging data standards leave businesses and consumers open to fraud and boost frustration regarding the speed of digital transactions. data privacy laws and how companies can comply with any and all of these new rules. Sixty-three percent of U.S. It can be difficult for U.S.

Regulation 154

Regulation Data US Washington 154

PYMNTS

DECEMBER 10, 2018

In fact, those economics – or perhaps the lack of them – helped to shutter most decoupled debit schemes operating at the time, since there just wasn’t enough of an economic proposition to fund the kind of rich rewards that might get consumers to make the move – although frankly, there wasn’t much evidence they would move anyway.

Branding 184

Branding Cards Payments New Jersey 184

PYMNTS

MARCH 27, 2020

Unsurprisingly, the news has been incredibly popular with merchants. The eCommerce giant further noted that it has created a whole new team tasked with finding and eliminating “unfairly priced” high-demand items like hand sanitizer and protective masks. . “We percent. .

New Jersey 130

New Jersey Survey Meeting Payments 130

Jeff For Banks

JANUARY 27, 2011

So will continuing to operate "as is" work infinitum? A similar argument could be made for the former Commerce Bank of Cherry Hill, New Jersey. They point to Commerce''s demise, having to sell to TD Bank to get out from under regulator scrutiny. Is the premise that doing "plain vanilla" banking acceptable? I doubt it.

Community Bank 73

Community Bank Community Apple National 73

CFPB Monitor

NOVEMBER 7, 2019

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. Constitution.

NJ 60

NJ Report New Jersey United States 60

PYMNTS

OCTOBER 23, 2017

District Judge Alison Nathan in Manhattan sentenced Yuri Lebedev for helping the exchange conceal its activities from regulators and banks. Lebedev was convicted back in March, along with New Jersey pastor Trevon Gross. operator Anthony Murgio take control of a credit union Gross ran from the church, reported Reuters.

Florida 100

Florida Bitcoin New Jersey Software 100

CFPB Monitor

NOVEMBER 7, 2022

In order to cancel their service, Vonage required customers to speak to a “retention” agent over the phone at a special telephone number that was not easy to access and operated during hours that were more limited than the main customer service telephone number. The action against Vonage, filed in the U.S.

New Jersey 78

New Jersey Online Regulation California 78

Gonzobanker

DECEMBER 20, 2019

picks up Bancorp of New Jersey, Inc. Brainchild of former Commerce Bancorp CEO Vernon Hill, MetroBank saw its share price drop more than 80% this year as it ran into loan risk-weighting issues with the regulators that required a dilutive capital raise. Bank Acquisition of the Year. ConnectOne Bancorp, Inc. It’s game on.

Idaho 148

Idaho Conference Data Marketing 148

Jeff For Banks

DECEMBER 12, 2017

billion of assets and operates twenty five branches in the western suburbs of Chicago. That got regulator's attention in the form of a May 2011 Consent Order (CO). Summit also operates an insurance subsidiary. Positive operating leverage! And Summit has a couple of new acquisitions under their belt.

Minnesota 60

Minnesota West Virginia Virginia Iowa 60

PYMNTS

OCTOBER 12, 2016

Elizabeth Warren — one of the guiding figures behind the CFPB — took a somewhat different line on the ruling, firmly noting it was not a defeat for post-financial crisis efforts and banking regulation and reform. The ruling “will likely be appealed and overturned,” Warren noted. The Narrow Ruling — A Rare Win In An Even Rarer Fight .

District of Columbia 100

District of Columbia New Jersey Exercises FDIC 100