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Some major New York City retail properties — including the shopping center at Hudson Yards — are only producing 50 percent of pre-pandemic rent, the CEO of major Big Apple landlord Related Cos. This is about bringing New York back to life. MORE
Following the lead of other municipalities, New York City could be going fur-free with a proposed law on the horizon. In a progressive and modern city like New York, banning the sale of fur clothing and accessories is long overdue,” Johnson said in a statement, according to the outlet. In the case of New York City, under the proposed law, a fine would range from $500 to $1,500 for businesses selling fur. MORE
The New York Times newspaper posted a job called “Lead, Blockchain Exploration” on Wednesday (March 13), and later took it down, according to reports. You should bring a deep understanding of the intersection of the New York Times and the evolving space we inhabit in the media technology landscape.”. The New York Times has covered cryptocurrency and blockchain in depth in the past, and published a piece titled “Demystifying the Blockchain” last year. MORE
It’s also sparking a potential bottom-up approach in New York. Compliance Blockchain Digital payments New York Financial inclusion Libra CryptocurrenciesFacebook’s Libra cryptocurrency project has drawn vast political pushback, but also more tangible government action as nations globally consider central bank supported digital currencies. MORE
Bloomberg Carousel Innovation Strategy Open Banking Payments New York Plaid San Francisco Stripe UberWhen two Irish brothers started Stripe Inc. together in 2010, there was little question about where they should put their headquarters. It had to be California. MORE
The department of financial services will grant credit under the state's community reinvestment law to New York-chartered banks and credit unions that finance projects aimed at helping low-income communities better adapt to a warming world. CRA New York Community banking MORE
New Yorkers are about to lose one of the reasons for packing on what some healthcare providers are calling the COVID 15, or quarantine 15 — as in 15 pounds of weight gained since the onset of social distancing and the closing of gyms and other public venues. MORE
First, I want to provide a snapshot of a vitally important recent decision by New York’s court […]. COVID-19 Federal Legislation Legal Watch Mortgage Lending New York State Regulatory foreclosure New York's Court of Appeals PPP SBA The Biden Administration MORE
New York Gov. New York put indoor dining on hold on July 6 due to the spiking of the virus in the past few weeks. Retail andrew cuomo COVID-19 New York News pandemic reopening Restaurants shutdowns social distancing What's Hot MORE
New York City Mayor Bill de Blasio said the city is set to enter the last phase of reopening on Monday (July 20), Bloomberg News reported. New York City is the last state region to enter Phase 4. Coronavirus economy new york city News reopening What's Hot MORE
After facing resistance from politicians and protestors, Amazon is reportedly rethinking its planned New York City campus. While Virginia officials provided the company with an incentive package, the state of New York is not projected to provide final approval for another year. And, even though New York City Mayor Bill de Blasio (D) and New York Governor Andrew M. Amazon ecommerce HQ2 new york city News What's Hot MORE
As the Sinatra tune goes (a bit paraphrased) … New York: If you can make it there in cybersecurity, you can make it anywhere. The financial services industry is girding for the new regulations by the New York State Department of Financial Services (DFS), which take effect as of Aug. Yes, the rules apply to a single state, but as some sources, including New York Law Journal , report, the regulations could have a global impact. MORE
Economy New York State Regulatory technology CUNA data breach Governor Cuomo LIBOR NCUA SolarWindsThe rulers of the financial world typically frown on the state getting involved with their business. But when it comes to LIBOR, you can hear a huge sigh of relief emanating from Wall Street this morning. As readers of this blog know, LIBOR is a discredited benchmark that has been the gold standard for contracts […]. MORE
Buy now, pay later (BNPL) company Afterpay will serve as the presenting sponsor of New York Fashion Week (NYFW): The Shows, starting September 2021, according to an announcement emailed to PYMNTS. MORE
Bank P2P service Zelle is having some issues with fraud, with some customers reporting that hackers, exploiting weaknesses in the platform, had cleaned out their bank accounts: even if those customers had never used, or head of Zelle, according to a New York Times report this weekend. With thousands of new users signing onto the […]. MORE
As New York City ’s vacancy rate has skyrocketed by nearly 50 percent, a report released by City Comptroller Scott Stringer showed that the amount of empty retail space in the city has doubled in the last 10 years or so. Earlier this year, news surfaced that rents were falling and vacancies were rising on New York’s storied Fifth Avenue. Retail brick and mortar new york city News real estate Rent vacancies What's Hot MORE
Dining out in New York City could soon be a reality again. More than two months after New York City was locked down to prevent the spread of COVID-19, Mayor Bill de Blasio said his goal is to reopen eateries in July, Bloomberg reported. “We’ll MORE
New York Gov. The holiday surge from Christmas and New Years appears to be done with, peaking on Jan. 4 when the positivity rate in New York hit 8 percent across the state. That said, the new strains of the virus, which have been cropping up in the U.S. MORE
In many ways, 2020’s version of New York Fashion Week was much like any other year. The idea not only succeeded in New York, but it ignited and went global after the war ended. We’ll see if New York manages to get itself back on trend this fall. MORE
The drop was steeper overall in New York City than the rest of the state, due to the city's early status as a hotbed of COVID-19 cases. New York’s localities need federal aid to help get through this crisis.”. MORE
In New York State, perhaps anticipating a […]. Compliance Exclusive Lending Online Premium Alternative Lending Continuity New York StateOnline lenders may own more than half of the personal lending market, but they face serious headwinds. For one thing, rising interest rates will increase their cost of funds, and perhaps make their offerings less attractive, and for another, regulations may arrive that make operating their businesses more expensive. MORE
The merger of cell phone giants T-Mobile and Sprint won’t face a challenge from New York Attorney General Letitia James, who said Sunday (Feb. Partnerships / Acquisitions 5G California Letitia James merger New York News Sprint t-mobile Telecomm What's Hot Xavier Becerra MORE
It will be easier for New York cryptocurrency businesses to launch in New York, thanks to a plan by regulators that would ease licensing rules. MORE
Fintech Disruptors New YorkIn some ways, the moves are natural for tech startups with financial ambitions. Despite the growing success of fintech upstarts hailing from San Francisco, Wall Street institutions remain on top of the financial world. MORE
Seven weeks after the corporate parent of New York & Co. RTW Retailwinds , a New York-based specialty apparel retailer, announced the Saadia Group agreed to purchase its eCommerce business at a bankruptcy auction Friday (Aug. MORE
are closing branches, but the New York area is seeing more closures than most, Bloomberg reported on Wednesday (Feb. New branch applications from Chase totaled 43 percent of all new establishments for 2019. Banks across the U.S. MORE
The new Fiscal Outlook from the New York City Independent Budget Office finds that the COVID-19 pandemic has likely made it so the city's economy won't fully recover for years. Coronavirus Consumer Spending debt economy new york city News What's Hot MORE
SEPTEMBER 11, 2020
began reopening offices in New York and London this week even as it told employees that they can continue working from home through June 2021 if they wish. New York Coronavirus American ExpressAmerican Express Co. MORE
There’s a lot that’s new and digital about New York Fashion Week. In fact everything is new from the virtual runways to the individual shows getting precedence over the more general events. Even the sponsorships are new, including home improvement retailer Lowe’s. MORE
The New York City real estate market, battered like other economic sectors by the coronavirus pandemic, is seeing lower rates than it has in almost a decade. Real Estate Coronavirus economy new york city News real estate Retail What's Hot MORE
New York Metro-based New York Community Bancorp (NYCB) and Michigan’s Flagstar Bancorp have inked a merger agreement, the two banks announced in a Monday (April 26) press release. Banking banking Banks Flagstar Bancorp mergers New York Community Bancorp News What's Hot MORE
New York has banned the ban. In the wake of court filings this week that effectively ended a challenge to surcharges on credit card transactions in New York, merchants in the Empire State can indeed embrace those fees, contingent upon stating those costs to consumers up front. The merchant plaintiffs and the state of New York filed motions on Jan. MORE
The New York City Council on Thursday (Jan. Applebaum added that communities of color in New York City are more than twice as likely to lack access to a bank and are less likely to host a branch of a bank than the national average. MORE
Fast forward 90 years and New York City is suddenly seeing a big jump in the number of street vendors as the jobless try to find new ways to make ends meet, The Wall Street Journal (WSJ) reported. Economy economy new york city News Retail What's Hot MORE
With coronavirus infection rates soaring in the Sunbelt, the governors of New York, Connecticut and New Jersey are teaming up to slap a 14-day quarantine on travelers from states where the deadly virus is spiking. New York Gov. Andrew Cuomo, New Jersey Gov. MORE
New York Related Topics Bank Innovation
DECEMBER 3, 2019
Bloomberg Carousel Innovation Strategy Open Banking Payments New York Plaid San Francisco Stripe UberWhen two Irish brothers started Stripe Inc. together in 2010, there was little question about where they should put their headquarters. It had to be California.
PYMNTS
JUNE 25, 2020
It will be easier for New York cryptocurrency businesses to launch in New York, thanks to a plan by regulators that would ease licensing rules.
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PYMNTS
APRIL 26, 2021
New York Metro-based New York Community Bancorp (NYCB) and Michigan’s Flagstar Bancorp have inked a merger agreement, the two banks announced in a Monday (April 26) press release. Banking banking Banks Flagstar Bancorp mergers New York Community Bancorp News What's Hot
PYMNTS
FEBRUARY 3, 2021
The drop was steeper overall in New York City than the rest of the state, due to the city's early status as a hotbed of COVID-19 cases. New York’s localities need federal aid to help get through this crisis.”.
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PYMNTS
JANUARY 23, 2020
The New York City Council on Thursday (Jan. Applebaum added that communities of color in New York City are more than twice as likely to lack access to a bank and are less likely to host a branch of a bank than the national average.
PYMNTS
JANUARY 6, 2021
The new Fiscal Outlook from the New York City Independent Budget Office finds that the COVID-19 pandemic has likely made it so the city's economy won't fully recover for years. Coronavirus Consumer Spending debt economy new york city News What's Hot
PYMNTS
FEBRUARY 15, 2020
In many ways, 2020’s version of New York Fashion Week was much like any other year. The idea not only succeeded in New York, but it ignited and went global after the war ended. We’ll see if New York manages to get itself back on trend this fall.
Payments Source
SEPTEMBER 11, 2020
began reopening offices in New York and London this week even as it told employees that they can continue working from home through June 2021 if they wish. New York Coronavirus American ExpressAmerican Express Co.
PYMNTS
NOVEMBER 3, 2020
Fast forward 90 years and New York City is suddenly seeing a big jump in the number of street vendors as the jobless try to find new ways to make ends meet, The Wall Street Journal (WSJ) reported. Economy economy new york city News Retail What's Hot
PYMNTS
JUNE 3, 2020
The parent company of New York & Co. , New York & Co. Retail bankruptcy New York & Co.
PYMNTS
AUGUST 31, 2020
Seven weeks after the corporate parent of New York & Co. RTW Retailwinds , a New York-based specialty apparel retailer, announced the Saadia Group agreed to purchase its eCommerce business at a bankruptcy auction Friday (Aug.
|
PYMNTS
SEPTEMBER 27, 2019
As New York City ’s vacancy rate has skyrocketed by nearly 50 percent, a report released by City Comptroller Scott Stringer showed that the amount of empty retail space in the city has doubled in the last 10 years or so. Earlier this year, news surfaced that rents were falling and vacancies were rising on New York’s storied Fifth Avenue. Retail brick and mortar new york city News real estate Rent vacancies What's Hot
PYMNTS
AUGUST 27, 2020
Some major New York City retail properties — including the shopping center at Hudson Yards — are only producing 50 percent of pre-pandemic rent, the CEO of major Big Apple landlord Related Cos. This is about bringing New York back to life.
Payments Source
DECEMBER 3, 2019
Fintech Disruptors New YorkIn some ways, the moves are natural for tech startups with financial ambitions. Despite the growing success of fintech upstarts hailing from San Francisco, Wall Street institutions remain on top of the financial world.
PYMNTS
MAY 13, 2021
Buy now, pay later (BNPL) company Afterpay will serve as the presenting sponsor of New York Fashion Week (NYFW): The Shows, starting September 2021, according to an announcement emailed to PYMNTS.
PYMNTS
APRIL 2, 2019
Following the lead of other municipalities, New York City could be going fur-free with a proposed law on the horizon. In a progressive and modern city like New York, banning the sale of fur clothing and accessories is long overdue,” Johnson said in a statement, according to the outlet. In the case of New York City, under the proposed law, a fine would range from $500 to $1,500 for businesses selling fur.
American Banker
FEBRUARY 9, 2021
The department of financial services will grant credit under the state's community reinvestment law to New York-chartered banks and credit unions that finance projects aimed at helping low-income communities better adapt to a warming world. CRA New York Community banking
PYMNTS
FEBRUARY 19, 2020
are closing branches, but the New York area is seeing more closures than most, Bloomberg reported on Wednesday (Feb. New branch applications from Chase totaled 43 percent of all new establishments for 2019. Banks across the U.S.
PYMNTS
JUNE 24, 2020
With coronavirus infection rates soaring in the Sunbelt, the governors of New York, Connecticut and New Jersey are teaming up to slap a 14-day quarantine on travelers from states where the deadly virus is spiking. New York Gov. Andrew Cuomo, New Jersey Gov.
Bank Innovation
JULY 12, 2018
In New York State, perhaps anticipating a […]. Compliance Exclusive Lending Online Premium Alternative Lending Continuity New York StateOnline lenders may own more than half of the personal lending market, but they face serious headwinds. For one thing, rising interest rates will increase their cost of funds, and perhaps make their offerings less attractive, and for another, regulations may arrive that make operating their businesses more expensive.
PYMNTS
JANUARY 9, 2019
New York has banned the ban. In the wake of court filings this week that effectively ended a challenge to surcharges on credit card transactions in New York, merchants in the Empire State can indeed embrace those fees, contingent upon stating those costs to consumers up front. The merchant plaintiffs and the state of New York filed motions on Jan.
PYMNTS
AUGUST 17, 2020
New Yorkers are about to lose one of the reasons for packing on what some healthcare providers are calling the COVID 15, or quarantine 15 — as in 15 pounds of weight gained since the onset of social distancing and the closing of gyms and other public venues.
PYMNTS
JUNE 4, 2020
Dining out in New York City could soon be a reality again. More than two months after New York City was locked down to prevent the spread of COVID-19, Mayor Bill de Blasio said his goal is to reopen eateries in July, Bloomberg reported. “We’ll
New York's State of Mind
FEBRUARY 23, 2021
First, I want to provide a snapshot of a vitally important recent decision by New York’s court […]. COVID-19 Federal Legislation Legal Watch Mortgage Lending New York State Regulatory foreclosure New York's Court of Appeals PPP SBA The Biden Administration
PYMNTS
MARCH 13, 2019
The New York Times newspaper posted a job called “Lead, Blockchain Exploration” on Wednesday (March 13), and later took it down, according to reports. You should bring a deep understanding of the intersection of the New York Times and the evolving space we inhabit in the media technology landscape.”. The New York Times has covered cryptocurrency and blockchain in depth in the past, and published a piece titled “Demystifying the Blockchain” last year.
PYMNTS
JULY 17, 2020
New York City Mayor Bill de Blasio said the city is set to enter the last phase of reopening on Monday (July 20), Bloomberg News reported. New York City is the last state region to enter Phase 4. Coronavirus economy new york city News reopening What's Hot
Payments Source
JANUARY 7, 2020
It’s also sparking a potential bottom-up approach in New York. Compliance Blockchain Digital payments New York Financial inclusion Libra CryptocurrenciesFacebook’s Libra cryptocurrency project has drawn vast political pushback, but also more tangible government action as nations globally consider central bank supported digital currencies.
PYMNTS
AUGUST 28, 2017
As the Sinatra tune goes (a bit paraphrased) … New York: If you can make it there in cybersecurity, you can make it anywhere. The financial services industry is girding for the new regulations by the New York State Department of Financial Services (DFS), which take effect as of Aug. Yes, the rules apply to a single state, but as some sources, including New York Law Journal , report, the regulations could have a global impact.
PYMNTS
JANUARY 28, 2021
New York Gov. The holiday surge from Christmas and New Years appears to be done with, peaking on Jan. 4 when the positivity rate in New York hit 8 percent across the state. That said, the new strains of the virus, which have been cropping up in the U.S.
PYMNTS
JULY 16, 2020
New York Gov. New York put indoor dining on hold on July 6 due to the spiking of the virus in the past few weeks. Retail andrew cuomo COVID-19 New York News pandemic reopening Restaurants shutdowns social distancing What's Hot
PYMNTS
APRIL 16, 2020
The New York City real estate market, battered like other economic sectors by the coronavirus pandemic, is seeing lower rates than it has in almost a decade. Real Estate Coronavirus economy new york city News real estate Retail What's Hot
PYMNTS
FEBRUARY 8, 2019
After facing resistance from politicians and protestors, Amazon is reportedly rethinking its planned New York City campus. While Virginia officials provided the company with an incentive package, the state of New York is not projected to provide final approval for another year. And, even though New York City Mayor Bill de Blasio (D) and New York Governor Andrew M. Amazon ecommerce HQ2 new york city News What's Hot
New York's State of Mind
JANUARY 21, 2021
Economy New York State Regulatory technology CUNA data breach Governor Cuomo LIBOR NCUA SolarWindsThe rulers of the financial world typically frown on the state getting involved with their business. But when it comes to LIBOR, you can hear a huge sigh of relief emanating from Wall Street this morning. As readers of this blog know, LIBOR is a discredited benchmark that has been the gold standard for contracts […].
PYMNTS
FEBRUARY 17, 2020
The merger of cell phone giants T-Mobile and Sprint won’t face a challenge from New York Attorney General Letitia James, who said Sunday (Feb. Partnerships / Acquisitions 5G California Letitia James merger New York News Sprint t-mobile Telecomm What's Hot Xavier Becerra
Bank Innovation
APRIL 23, 2018
Bank P2P service Zelle is having some issues with fraud, with some customers reporting that hackers, exploiting weaknesses in the platform, had cleaned out their bank accounts: even if those customers had never used, or head of Zelle, according to a New York Times report this weekend. With thousands of new users signing onto the […].
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