INDUSTRY INSIGHTS YOUR PEERS ARE READING
New York City commuters – arguably the most on-the-go demographic in the United States – do not want to wait for anything. ” It’s an inefficiency that the New York Metropolitan Transportation Authority (MTA) has not only acknowledged, but committed to doing something about. Last week, they officially tasked long-term Mastercard partner Cubic Transportation Systems to implement a new fare payment system across the city’s entire subway (and bus) system. 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. Blockchain job posting New York Times News What's Hot MORE
The Department of Financial Services has created a statewide financial protection division focused on corporate compliance and consumer issues, in line with steps taken by New Jersey and Pennsylvania. Enforcement actions Enforcement Compliance CFPB NYDFS New York MORE
If, as appears likely, the Governor approves the legislation, one of the biggest impacts of the recently concluded legislative session on New York employers will be big changes to New York’s anti-harassment laws which will make it easier for employees bringing harassment claims to successfully sue their employers. HR Legal Watch New York State Sexual Harassment legsilation Title VII Zembrowski 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. MORE
New York Attorney General Eric Schneiderman has announced the launch of the Virtual Markets Integrity Initiative, a fact-finding inquiry into the policies and practices of cryptocurrency trading platforms. With cryptocurrency on the rise, consumers in New York and across the country have a right to transparency and accountability when they invest their money. Regulation AML bitcoin cryptocurrency exchange investments New York News regulation 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
Piermont Bank, set to open this week, will be the city's second new bank this year. Community banking De novo institutions Capital New York 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. MORE
IBM is excited to be hosting the 2019 Sales Performance Management Summit, being held in New York City for sales executives and compensation leaders. Featured Carousel Featured Homepage Sales Performance Management events ICM Incentive Compensation Management New York NYC MORE
Bankers are downplaying such concerns, but others say a sharp decline in values on rent-regulated buildings means landlords will have less cash flow to acquire new properties. Multifamily Commercial real estate lending New York MORE
Legal Watch New York State Mulvaney New York State Senate UNFCUThis headline might be a tad premature but it appears that the State Senate Democratic Caucus headed by Andrea Stewart-Cousins and the 8 member Independent Democratic Caucus by Senator Jeff Klein have reached a preliminary agreement to unify, potentially paving the way for cutting Republicans out of holding any power in the state legislature. How […]. MORE
73 To highlight its ability to grow into new markets and categories, New York & Co. Along with the name change, New York & Co. Retail Fashion To Figure Greg Scott New York and Company News retail brands RTW Retailwinds What's Hotis changing its name to RTW Retailwinds. The move comes as the retailer seeks to top the $1 billion mark in sales, Chain Store Age reported. “We MORE
Former Trump campaign chairman Paul Manafort pleaded not guilty in a New York mortgage fraud case — state charges that are beyond the reach of a presidential pardon. Financial crimes Mortgage fraud State regulators Enforcement actions Sailthru NMN origination no display New York MORE
Recently the New York Law Journal described the New York State Department of Financial Services as “arguably among the most powerful financial regulatory government bodies in the country-if not the world…” After yesterday, it’s not even arguable. Legal Watch Mortgage Lending New York State Regulatory CFPB Inc. New York State Dep't of Fin. Servs New York State Land Title Ass'n title insurance MORE
Uber , the ride-hailing startup, filed a lawsuit against the city of New York last week seeking to overturn a rule that puts a cap on the number of drivers that work for ride-hailing companies that can operate in the city. MORE
The New York State Department of Financial Services submitted a formal comment letter to the OCC today, saying that the latter, frankly, isn’t going to do the job of regulating fintechs — and isn’t Read More. MORE
To help consumers experience new ways to pay, Visa has announced a new relationship with New York Fashion Week: The Shows. We are constantly exploring sponsorship opportunities to help us diversify our brand and reach new audiences, while delivering experiences that drive business priorities,” Mary Ann Reilly, senior vice president for North America marketing at Visa, said in the announcement. “We 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
Internet Retailer reported that New York & Co. This new kiosk will provide a virtual endless aisle, offering customers access to all sizes, colors and assortments,” he told analysts during the company’s third quarter 2016 earnings call, according to a transcript from Seeking Alpha. Worthington told analysts that New York & Co. Retail ecommerce Mobile shopping New York & Co MORE
Grasshopper Bancorp will target the innovation economy in New York City and other markets across the country. Community banking Capital Branch network New York MORE
The August Subscription Commerce Tracker looks at how companies are stepping up their efforts to win over subscribers by offering new tiers of subscription plans. In the automotive space, carmakers are turning to new subscription tiers to win the attention and business of drivers. MORE
Consumer banking Affordable housing Cash management Law and regulation New YorkUndeterred by setbacks in other cities, a broad coalition of community groups is seizing on popular mistrust of traditional banks to press the case for a city-owned bank. MORE
The New York State Attorney General (AG) is reportedly launching an investigation into social media giant Facebook , focusing on the its past practice of collecting more than 1.5 million or more new users, reported the NY Times. MORE
Global money transfer service WorldRemit is launching in New York, providing state users the ability to transfer funds to nearly 150 countries, the company announced yesterday. MORE
Online lending may be dominated by startup companies based outside of New York, but the New York State Department of Financial Services (NYDFS) wants New York banks to get into the business as well. “Your competitors are, and will, be embracing FinTech in all of its various forms,” said Maria Vullo, NYDFS superintendent, referring to new types of financial services technology, according to a report by Reuters. MORE
By many measures New York has the most complicated, time consuming foreclosure process in the country with the possible exception of California but believe it or not, bills passed by the New York State Legislature in the closing hours of the legislative session will, if they are approved by the Governor, actually make the process […]. Mortgage Lending New York State AB5615 S.4182 S.5079A MORE
Chef’d , the maker of meal kits that can be purchased in grocery stores, has inked a deal to sell the kits in Walgreens and Duane Reade stores in the New York area. CNBC , citing the company, reported Chef’d meal kits will be sold in 30 Walgreens and Duane Reade stores in New York as part of a deal with Smithfield Foods. Our goal is to give more shoppers more meals in more places to help them eat better, save time and explore new flavors.”. MORE
First, in the better-late-than-never category, New York State released the final version of its much anticipated guidance and model policies to implement comprehensive sexual harassment training requirements imposed by the State Legislature last session. HR New York State guidance model policy New York State sexual harassment policyWell, a guy doesn’t blog for a day and all hell breaks loose. MORE
The New Jersey company will pay $284 million for Two River Bancorp and Country Bank Holding. Community banking M&A Capital New Jersey New York MORE
Amazon has announced plans to open an Amazon Go location in New York. It recently opened two more locations in the city, which will make New York its first foray outside of Seattle. “We We plan to open Amazon Go in New York,” an Amazon spokesperson said, according to Reuters , though it was not revealed when the company plans to open the location. Earlier this year, the eCommerce giant launched its first checkout-free convenience store market in Seattle. MORE
Recess, a CBD-infused sparkling water company, has announced that it will be available on Uber Eats for delivery to customers in New York City, according to a report by Adweek. Delivery CBD delivery New York News Recess Uber Eats What's Hot MORE
While some see it as a fad or a gimmick, Barneys New York has become the latest to take the tech very, very seriously and turn it into a force for good. The virtual reality short film reportedly marries fashion, tech and contemporary dance, premiering exclusive designer looks to Barneys New York customers straight from the runway via the Oculus Gear VR, Samsung’s VR app and Barneys’ website. MORE
Hardly a day goes by lately without New York flexing its regulatory muscle. Yesterday, the Department of Financial Services and the Attorney General sued Vision Property Management for alleged violations of federal lending laws, illegally evading state licensing requirements, and engaging in unfair and deceptive practices. The actions of the Attorney General and Superintendent Lacewell […]. MORE
For years, New York City has been at the epicenter of United States’ culture with the fashion and entertainment industries leading the way. With the top modeling agencies, MTV and the home of American broadway plays, there’s no denying New York City is bustling with creativity. With a big focus on technology in Silicon Valley and Boston, New York City slowly made its way to becoming a powerhouse tech player. MORE
Struggling to compete with online brands, famed Big Apple luxury retailer Barneys New York has put itself up for sale and filed for bankruptcy protection, according to a report by Reuters. . Retail bankruptcy Barneys New York luxury brands News What's Hot MORE
The New York State Department of Financial Services (DFS) is looking to fine Habib Bank Ltd (HBL) nearly $630 million for failing to comply with state and federal laws at its only U.S. The New York State Department of Financial Services could not immediately be reached for comment. Habib Bank has submitted an application to DFS to shut its New York operations. That bank still has a New York branch. 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
Just days after New York Attorney General (AG) Barbara Underwood announced an investigation into possible misconduct among merchant cash-advance (MCA) firms against small business (SMB) borrowers, The Washington Post reported that state legislators are vowing to push for change in the industry. MORE
but it’s adding significant innovation staff to its New York office. Innovations Mobile Operations Retail Technology Capital One data scientist digital digital management hiring HR New York quantitative data staffingCapital One Financial Corp. MORE
Small business lending Medallion loans State regulators State of New York 649791 NYDFS City of New York, NY 64966M FTC MORE
Facebook is the subject of a criminal investigation by federal prosecutors over the data deals it inked with some of the biggest technology companies, reported The New York Times. attorney’s office for the Eastern District of New York. MORE
Community banking M&A Mortgages New YorkThe parent of Ponce Bank has agreed to acquire Mortgage World Bankers. MORE
New York Related Topics PYMNTS
AUGUST 6, 2019
Struggling to compete with online brands, famed Big Apple luxury retailer Barneys New York has put itself up for sale and filed for bankruptcy protection, according to a report by Reuters. . Retail bankruptcy Barneys New York luxury brands News What's Hot
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. Blockchain job posting New York Times News What's Hot
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.
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.
PYMNTS
APRIL 22, 2019
Recess, a CBD-infused sparkling water company, has announced that it will be available on Uber Eats for delivery to customers in New York City, according to a report by Adweek. Delivery CBD delivery New York News Recess Uber Eats What's Hot
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
DECEMBER 14, 2018
Just days after New York Attorney General (AG) Barbara Underwood announced an investigation into possible misconduct among merchant cash-advance (MCA) firms against small business (SMB) borrowers, The Washington Post reported that state legislators are vowing to push for change in the industry.
Insights on Business
MARCH 27, 2019
IBM is excited to be hosting the 2019 Sales Performance Management Summit, being held in New York City for sales executives and compensation leaders. Featured Carousel Featured Homepage Sales Performance Management events ICM Incentive Compensation Management New York NYC
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
MARCH 14, 2019
Facebook is the subject of a criminal investigation by federal prosecutors over the data deals it inked with some of the biggest technology companies, reported The New York Times. attorney’s office for the Eastern District of New York.
PYMNTS
SEPTEMBER 7, 2018
To help consumers experience new ways to pay, Visa has announced a new relationship with New York Fashion Week: The Shows. We are constantly exploring sponsorship opportunities to help us diversify our brand and reach new audiences, while delivering experiences that drive business priorities,” Mary Ann Reilly, senior vice president for North America marketing at Visa, said in the announcement. “We
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.
New York's State of Mind
JANUARY 17, 2019
Recently the New York Law Journal described the New York State Department of Financial Services as “arguably among the most powerful financial regulatory government bodies in the country-if not the world…” After yesterday, it’s not even arguable. Legal Watch Mortgage Lending New York State Regulatory CFPB Inc. New York State Dep't of Fin. Servs New York State Land Title Ass'n title insurance
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.
BankThink
MAY 24, 2019
Small business lending Medallion loans State regulators State of New York 649791 NYDFS City of New York, NY 64966M FTC
PYMNTS
AUGUST 29, 2017
The New York State Department of Financial Services (DFS) is looking to fine Habib Bank Ltd (HBL) nearly $630 million for failing to comply with state and federal laws at its only U.S. The New York State Department of Financial Services could not immediately be reached for comment. Habib Bank has submitted an application to DFS to shut its New York operations. That bank still has a New York branch.
BankThink
AUGUST 9, 2019
The New Jersey company will pay $284 million for Two River Bancorp and Country Bank Holding. Community banking M&A Capital New Jersey New York
BankThink
JULY 31, 2019
Bankers are downplaying such concerns, but others say a sharp decline in values on rent-regulated buildings means landlords will have less cash flow to acquire new properties. Multifamily Commercial real estate lending New York
PYMNTS
FEBRUARY 17, 2019
Uber , the ride-hailing startup, filed a lawsuit against the city of New York last week seeking to overturn a rule that puts a cap on the number of drivers that work for ride-hailing companies that can operate in the city.
PYMNTS
SEPTEMBER 12, 2018
To highlight its ability to grow into new markets and categories, New York & Co. Along with the name change, New York & Co. Retail Fashion To Figure Greg Scott New York and Company News retail brands RTW Retailwinds What's Hotis changing its name to RTW Retailwinds. The move comes as the retailer seeks to top the $1 billion mark in sales, Chain Store Age reported. “We
New York's State of Mind
JUNE 26, 2019
If, as appears likely, the Governor approves the legislation, one of the biggest impacts of the recently concluded legislative session on New York employers will be big changes to New York’s anti-harassment laws which will make it easier for employees bringing harassment claims to successfully sue their employers. HR Legal Watch New York State Sexual Harassment legsilation Title VII Zembrowski
BankThink
JULY 15, 2019
Piermont Bank, set to open this week, will be the city's second new bank this year. Community banking De novo institutions Capital New York
Bank Innovation
APRIL 5, 2016
but it’s adding significant innovation staff to its New York office. Innovations Mobile Operations Retail Technology Capital One data scientist digital digital management hiring HR New York quantitative data staffingCapital One Financial Corp.
BankThink
MAY 30, 2019
Grasshopper Bancorp will target the innovation economy in New York City and other markets across the country. Community banking Capital Branch network New York
BankThink
APRIL 30, 2019
The Department of Financial Services has created a statewide financial protection division focused on corporate compliance and consumer issues, in line with steps taken by New Jersey and Pennsylvania. Enforcement actions Enforcement Compliance CFPB NYDFS New York
Bank Innovation
MARCH 2, 2018
Global money transfer service WorldRemit is launching in New York, providing state users the ability to transfer funds to nearly 150 countries, the company announced yesterday.
Bank Innovation
JANUARY 17, 2017
The New York State Department of Financial Services submitted a formal comment letter to the OCC today, saying that the latter, frankly, isn’t going to do the job of regulating fintechs — and isn’t Read More.
BankThink
MAY 22, 2019
Community banking M&A Mortgages New YorkThe parent of Ponce Bank has agreed to acquire Mortgage World Bankers.
New York's State of Mind
OCTOBER 3, 2018
First, in the better-late-than-never category, New York State released the final version of its much anticipated guidance and model policies to implement comprehensive sexual harassment training requirements imposed by the State Legislature last session. HR New York State guidance model policy New York State sexual harassment policyWell, a guy doesn’t blog for a day and all hell breaks loose.
PYMNTS
MARCH 9, 2018
While some see it as a fad or a gimmick, Barneys New York has become the latest to take the tech very, very seriously and turn it into a force for good. The virtual reality short film reportedly marries fashion, tech and contemporary dance, premiering exclusive designer looks to Barneys New York customers straight from the runway via the Oculus Gear VR, Samsung’s VR app and Barneys’ website.
BankThink
MAY 17, 2019
Consumer banking Affordable housing Cash management Law and regulation New YorkUndeterred by setbacks in other cities, a broad coalition of community groups is seizing on popular mistrust of traditional banks to press the case for a city-owned bank.
PYMNTS
OCTOBER 20, 2016
Online lending may be dominated by startup companies based outside of New York, but the New York State Department of Financial Services (NYDFS) wants New York banks to get into the business as well. “Your competitors are, and will, be embracing FinTech in all of its various forms,” said Maria Vullo, NYDFS superintendent, referring to new types of financial services technology, according to a report by Reuters.
PYMNTS
NOVEMBER 2, 2017
New York City commuters – arguably the most on-the-go demographic in the United States – do not want to wait for anything. ” It’s an inefficiency that the New York Metropolitan Transportation Authority (MTA) has not only acknowledged, but committed to doing something about. Last week, they officially tasked long-term Mastercard partner Cubic Transportation Systems to implement a new fare payment system across the city’s entire subway (and bus) system.
New York's State of Mind
AUGUST 2, 2019
Hardly a day goes by lately without New York flexing its regulatory muscle. Yesterday, the Department of Financial Services and the Attorney General sued Vision Property Management for alleged violations of federal lending laws, illegally evading state licensing requirements, and engaging in unfair and deceptive practices. The actions of the Attorney General and Superintendent Lacewell […].
BankThink
JUNE 27, 2019
Former Trump campaign chairman Paul Manafort pleaded not guilty in a New York mortgage fraud case — state charges that are beyond the reach of a presidential pardon. Financial crimes Mortgage fraud State regulators Enforcement actions Sailthru NMN origination no display New York
PYMNTS
JUNE 14, 2018
Chef’d , the maker of meal kits that can be purchased in grocery stores, has inked a deal to sell the kits in Walgreens and Duane Reade stores in the New York area. CNBC , citing the company, reported Chef’d meal kits will be sold in 30 Walgreens and Duane Reade stores in New York as part of a deal with Smithfield Foods. Our goal is to give more shoppers more meals in more places to help them eat better, save time and explore new flavors.”.
New York's State of Mind
NOVEMBER 29, 2017
Legal Watch New York State Mulvaney New York State Senate UNFCUThis headline might be a tad premature but it appears that the State Senate Democratic Caucus headed by Andrea Stewart-Cousins and the 8 member Independent Democratic Caucus by Senator Jeff Klein have reached a preliminary agreement to unify, potentially paving the way for cutting Republicans out of holding any power in the state legislature. How […].
PYMNTS
DECEMBER 5, 2016
Internet Retailer reported that New York & Co. This new kiosk will provide a virtual endless aisle, offering customers access to all sizes, colors and assortments,” he told analysts during the company’s third quarter 2016 earnings call, according to a transcript from Seeking Alpha. Worthington told analysts that New York & Co. Retail ecommerce Mobile shopping New York & Co
PYMNTS
AUGUST 21, 2018
The August Subscription Commerce Tracker looks at how companies are stepping up their efforts to win over subscribers by offering new tiers of subscription plans. In the automotive space, carmakers are turning to new subscription tiers to win the attention and business of drivers.
PYMNTS
SEPTEMBER 10, 2018
Amazon has announced plans to open an Amazon Go location in New York. It recently opened two more locations in the city, which will make New York its first foray outside of Seattle. “We We plan to open Amazon Go in New York,” an Amazon spokesperson said, according to Reuters , though it was not revealed when the company plans to open the location. Earlier this year, the eCommerce giant launched its first checkout-free convenience store market in Seattle.
PYMNTS
APRIL 18, 2018
New York Attorney General Eric Schneiderman has announced the launch of the Virtual Markets Integrity Initiative, a fact-finding inquiry into the policies and practices of cryptocurrency trading platforms. With cryptocurrency on the rise, consumers in New York and across the country have a right to transparency and accountability when they invest their money. Regulation AML bitcoin cryptocurrency exchange investments New York News regulation What's Hot
New York's State of Mind
JUNE 28, 2019
By many measures New York has the most complicated, time consuming foreclosure process in the country with the possible exception of California but believe it or not, bills passed by the New York State Legislature in the closing hours of the legislative session will, if they are approved by the Governor, actually make the process […]. Mortgage Lending New York State AB5615 S.4182 S.5079A
PYMNTS
MARCH 17, 2017
For years, New York City has been at the epicenter of United States’ culture with the fashion and entertainment industries leading the way. With the top modeling agencies, MTV and the home of American broadway plays, there’s no denying New York City is bustling with creativity. With a big focus on technology in Silicon Valley and Boston, New York City slowly made its way to becoming a powerhouse tech player.
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