CFPB Monitor

AUGUST 26, 2020

As discussed in our June 12th and August 7th posts, The New York City Department of Consumer Affairs (“DCA”) issued new debt collection rules related to limited English proficiency servicing, which took effect June 27, 2020. The DCA has now extended this enforcement grace period until October 1, 2020.

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New York City New York Industry Regulation 78

PYMNTS

SEPTEMBER 9, 2020

New York City will reinstate indoor dining as of Sept. Indoor dining was one of the few things still banned in the Big Apple as the city began reopening procedures months ago, with the reasoning being the ease of transmitting the highly-contagious coronavirus in closed indoor settings.

New York City 141

New York City New York Apple Compliance 141

PYMNTS

OCTOBER 13, 2019

financial regulators have warned firms with registered digital assets that they must follow securities laws to prevent money laundering, as well as report any suspicious activity. We haven’t said anything about ether — until now,” Tarbert said at Yahoo Finance ‘s All Markets Summit in New York City. “It

Regulation 122

Regulation Security New York City Bitcoin 122

Abrigo

JUNE 27, 2023

Regulations such as Geographic Targeting Order updates help identify AML risks by requiring identification for certain real estate purchases. The real estate market is enticing to more than just new homeowners or investors. New York City and Miami were the original targets under the first order in 2016.

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El Paso Miami United States New York City 195

Bank Innovation

JULY 3, 2017

Who said regulators can’t be innovative? The Office of the Comptroller of the Currency (OCC) announced its Office of Innovation will host Office Hours for financial institutions and fintechs, to be held from July 24 to 26, at the OCC’s district office in New York City. Companies can request a slot by July 5.

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New York City Innovation New York Regulation 210

PYMNTS

MAY 31, 2019

New York City has been trying to reduce traffic congestion by limiting new licenses to ridesharing drivers and making passengers pay an additional congestion fee. New York City also passed a law requiring that Uber and Lyft drivers make a minimum wage, which also affected prices.

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New York City New York Regulation Data 130

Perficient

MAY 15, 2023

Additionally, maintaining clear, comprehensive data systems promotes business ethics and adherence to laws and regulations enforced by regulatory bodies. Venues in New York City, and it is free for those employed by financial services institutions to attend. The one-day conference is on May 16 at etc.

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Data Conference New York City New York 275

PYMNTS

OCTOBER 31, 2019

More than 30 members of the New York City Council sent a letter to Grubhub about phone calls that didn’t result in orders but did result in charges, according to a report by The New York Times. The New York City Council disagrees.

New York City 100

New York City New York Philadelphia Regulation 100

PYMNTS

OCTOBER 31, 2019

More than 30 members of the New York City Council sent a letter to Grubhub about phone calls that didn’t result in orders but did result in charges, according to a report by The New York Times. The New York City Council disagrees.

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New York City New York Philadelphia Regulation 100

PYMNTS

DECEMBER 13, 2018

CUs are also actively communicating with law enforcement agencies, keeping regulators informed about suspicious activity, while receiving tips on noticeable trends that these same agencies are eyeing. Recently, though, many CUs have turned to technology-driven solutions to help members more efficiently communicate their needs and feedback.

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Regulation South Dakota ATM New York City 135

Abrigo

NOVEMBER 12, 2020

The threshold amount was lowered in 2018 , as it was determined that money laundering is widespread in accessible real estate , not only on higher - end properties. New York City and Miami were the original targets under the first order in 2016, but it has expanded periodically since then. Learn More.

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New York City Las Vegas San Antonio San Diego 195

PYMNTS

JANUARY 16, 2020

A New York City-appointed panel is seeking a $500 million bailout to help taxi drivers trapped in unscrupulous medallion loans, The New York Times reported on Wednesday (Jan.

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New York City New York Taxes Analysis 178

PYMNTS

JANUARY 12, 2021

Checkout.com, which was started in 2012, recently brought an office to New York City. Amnon Shashua, the subsidiary’s CEO, also she he’s considering testing in New York City if the company can get the green light, according to a published report. Pakistan Launches Payment System To Boost Financial Inclusion.

Detroit 135

Detroit New York City System Payments 135

PYMNTS

DECEMBER 9, 2020

We look forward to engaging with local policymakers to increase understanding of the impact pricing regulations have, and solutions that better serve customers, Dashers, and restaurants,” a representative for DoorDash said in a statement, per Reuters. Multiple states have put caps on the fees that apps and platforms can charge on eateries.

DC 226

DC District of Columbia New York City New Jersey 226

Perficient

NOVEMBER 30, 2022

Our Payments Practice recently had the opportunity to represent Perficient at the 2022 Real-time Payments & Fraud Management Summit held in New York City. . The conference was attended by several Financial Institutions, Service Providers, Fintechs, and Industry Regulators.

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Fraud Management Payments New York City 275

PYMNTS

OCTOBER 9, 2020

New York City-based FinTech startup Clair has raised $4.5 Consumer Finance Protection Bureau (CFPB)n released regulations in 2017 that are now being readjusted. million in seed funding to disrupt payday lending schemes and help gig workers and freelancers get paid instantly. The funding was led by Upfront Ventures.

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New York City Lending New York Fintech 254

PYMNTS

NOVEMBER 18, 2019

Ridesharing company Gett, which operates under the name Juno in New York City, is shuttering its operations there and entering into a partnership with Lyft to take on its accounts, according to a report by TechCrunch. Gett is backed by Volkswagen and has a valuation of about $1.5

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New York New York City Operations Regional 100

PYMNTS

NOVEMBER 18, 2019

Ridesharing company Gett, which operates under the name Juno in New York City, is shuttering its operations there and entering into a partnership with Lyft to take on its accounts, according to a report by TechCrunch. Gett is backed by Volkswagen and has a valuation of about $1.5

New York City 100

New York City New York Branding Operations 100

PYMNTS

JANUARY 16, 2020

In today’s top payments news, Apple buys artificial intelligence (AI) firm Xnor for $200 million, a panel in New York City is seeking a $500 million bailout for debt-burdened taxi drivers and Google modifies its search function to make finding and comparing apparel easier.

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Apple New York City New York Google 130

PYMNTS

OCTOBER 16, 2020

New York City is also high up there, with $2.2 These new investment figures show London is a well-established global FinTech capital, and I am confident we will continue to see growth in the city’s biggest tech sector. London's FinTech sector has been going strong this year, even in spite of the pandemic, with $3.6

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San Francisco Fintech New York City Data 265

PYMNTS

JUNE 12, 2019

Enterprise spend management company Ivalua is launching its solution designed for the public sector as criticism mounts over the firm’s contract with New York City. The offering enables end users in the public sector to customize the product and adjust to changes in regulations and policies.

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Tools New York City New York Management 108

PYMNTS

SEPTEMBER 16, 2019

Uber and Lyft have voiced opposition and said such regulations would negatively impact both customers and drivers. New York City rideshare drivers have more buffers than those in California because of regulations enacted by the New York City Taxi and Limousine Commission. after expenses.

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New York New York City California Regulation 116

PYMNTS

OCTOBER 26, 2020

Ma also noted that it’s the first time such a gargantuan deal has been conducted outside of New York City. “We The dual listing recently cleared its last hurdle of approval when China's top security regulator gave it the OK. We didn’t dare to think about it five years ago, or even three years ago.

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Groups New York City Report New York 213

PYMNTS

SEPTEMBER 16, 2019

17), per new regulations in New York City , according to a report by Reuters. The new regulations are meant to boost driver pay and help to lessen congestion in the city. Lyft recently took similar action due to city regulations.

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New York City New York Regulation Policies 109

PYMNTS

AUGUST 2, 2018

But the money was contingent on New York dropping its proposed regulations that would limit the number of ride-hailing drivers in the city, which could cost the ridesharing companies more than $100 million. The city rejected the offer immediately. In the meantime, taxi drivers are suffering.

New York City 101

New York City New York Company Analysis 101

PYMNTS

FEBRUARY 25, 2019

Regulators in New York City recently ordered places that sell food to stop putting the substance in meals or beverages. In Maine and Ohio, regulators have also curtailed sales of the compound. There has been some pushback.

Marketing 179

Marketing New York City US Ohio 179

PYMNTS

JULY 15, 2019

Grubhub’s shares dipped on the news. In a June hearing, antitrust lawyer Gregory Frank said the company possesses a “substantial monopoly power in the highly concentrated New York City online ordering marketplace,” and that it has control of more than 69 percent of the market.

New York City 101

New York City New York Philadelphia Online 101

PYMNTS

FEBRUARY 21, 2020

New York Attorney General Letitia James announced plans on Feb. 20 to sue New York City for allegedly fraudulent practices by its Taxi and Limousine Commission. Also, Samsung production in Vietnam could stall due to the coronavirus. NYC Taxi Commission Accused Of $810 Million Fraud.

Apple 150

Apple Samsung Fraud New York City 150

PYMNTS

JUNE 17, 2016

Airbnb might soon be a thing of the past in New York City. The New York State Senate passed a bill this week that would prohibit companies like Airbnb from advertising short-term rentals of homes on the site. If this bill gets passed, anyone who lists a site on Airbnb for a period of less than 30 days faces fines.

New York City 100

New York City New York Policies Survey 100

PYMNTS

AUGUST 8, 2018

New York City. News from the last several weeks, and recently from The New York Times , reports that city officials are inching toward a cap for Uber drivers — and not the ones worn atop heads. The argument that the taxi industry has been unfairly hobbled might not be great grounds for regulation.

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New York New York City Regulation Industry 101

PYMNTS

AUGUST 12, 2019

26, and she will be based in New York City. Last month, Wells Fargo also added four new executives to its roster. Our commitment to these priorities and to a new level of excellence in customer care is critically important, and I believe these leaders will help propel Wells Fargo forward.”.

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New York City Pennsylvania New York Community Bank 179

PYMNTS

JULY 2, 2020

The acquisition comes as states have widely varying regulations regarding on-premise dining and drinking. For example, New York City planned to open its bars for indoor seating this weekend, but then canceled that plan after overall cases spiked above 40,000 per day in the U.S. “The But the pandemic is changing that.

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Trends Company New York City Branding 216

PYMNTS

MAY 4, 2020

That’s despite the social distancing regulations that have shuttered many restaurants across the U.S. For example, New York City has seen residents move out of the area and restaurants close due to pandemic panic. The global pandemic has not turned online food ordering into the hot business that might have been expected.

Marketing 161

Marketing New York City Seattle New York 161

CFPB Monitor

JANUARY 23, 2017

The 22nd Annual Consumer Financial Services Institute, sponsored by the Practising Law Institute, will take place on March 27-28, 2017 in New York City (and by live webcast and groupcast in Atlanta; Philadelphia, Pittsburgh, and Mechanicsburg PA) and on May 4-5, 2017 in Chicago.

New York City 60

New York City Chicago New York Philadelphia 60

PYMNTS

MAY 15, 2020

On Wednesday (May 13), New York City became the latest city to enact protections for eateries. The City Council approved a 15 percent cap on food delivery fees paid by restaurants to Grubhub, PYMNTS reported.

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San Francisco New York City Seattle Washington 131

American Banker

FEBRUARY 26, 2021

The regulator issued a prohibition order to Joseph Guagliardo, who admitted to taking more than $400,000 from the New York City-based institution over the course of nearly a decade.

New York City 44

New York City New York Course Regulation 44

PYMNTS

MARCH 6, 2020

Digital payments sent internationally are expected to move past $1 trillion in 2025, but getting to that point will require support from payment providers, regulators and other such firms still building out the necessary infrastructure. Real-time payments are imperative for running successful operations in today’s global ecosystem.

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Payments New York Metro New York City 304