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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. com to invest in automated authentication processes, according to Russell Medley, 888’s director of fraud and risk management. “If That’s pushing companies like casino site 888.com

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Report: 80 Pct. Of NJ Gamblers Place Wagers Online

PYMNTS

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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Valley National Bank, heavy on CRE, is confident despite investor worry

American Banker

Investors have hammered the New Jersey-based lender following the turmoil at New York Community Bancorp. But Valley executives say there are key differences between the two real estate-focused banks, and they express confidence that the bank's underwriting will hold up again this cycle.

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March Madness: Next Big Chance For Legal Online Sports Betting

PYMNTS

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

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Will DOJ Ruling Put The Brakes On Legal Online Sports Betting?

PYMNTS

The new view of the Wire Act comes months after the Supreme Court in May 2018 struck down a 1992 law passed by Congress that made it illegal for most states to legalize sports betting within their borders. New Jersey was the ringleader of the effort, though it did enlist support from 17 other states and three additional state governors.

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OCC outlines risk plan as Northeastern loan growth doubles

Abrigo

The tri-state area (New York, New Jersey and Connecticut) saw the highest growth in the district, an impressive 7 percent. • Board risk parameters, adequacy of staffing, succession planning and audit. As a result, the OCC will focus on: • Identification, measurement, monitoring and control of interest risk rate.

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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.