New York Times Posts Blockchain Job

PYMNTS

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

New York City Mulls Fur Sales Ban

PYMNTS

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.

Amazon Rethinks New York City HQ2 Campus

PYMNTS

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.

Uber Eats Will Now Deliver Recess, A CBD Drink, In New York

PYMNTS

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

Credit Card Surcharges OK’ed In New York

PYMNTS

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.

New York AG To Launch Investigation Into Facebook

PYMNTS

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.

New York Ramps Up Fight Against Predatory SMB Lending

PYMNTS

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.

New York Grand Jury Looking Into Facebook’s Data Sharing Agreements

PYMNTS

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.

New York State Of (Cybersecurity) Mind

PYMNTS

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.

Taxi loan abuses part of a broader pattern in New York

BankThink

Small business lending Medallion loans State regulators State of New York 649791 NYDFS City of New York, NY 64966M FTC

Visa Highlights Contactless Payments At New York Fashion Week

PYMNTS

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

New York de novo debuts after raising $131 million

BankThink

Grasshopper Bancorp will target the innovation economy in New York City and other markets across the country. Community banking Capital Branch network New York

New York’s DFS Flexes Its Muscles

New York's State of Mind

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

Fraudsters ‘Flourishing’ On Zelle, New York Times Reports

Bank Innovation

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.

Uber Sues City Of New York To Get Driver Cap Lifted

PYMNTS

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.

New York State Regulations for Online Lenders to ‘Level Playing Field’ for Banks

Bank Innovation

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.

PDL Community in New York to buy mortgage lender

BankThink

Community banking M&A Mortgages New YorkThe parent of Ponce Bank has agreed to acquire Mortgage World Bankers.

New York launches its own 'mini CFPB'

BankThink

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

New York Regulator Fines Pakistani Bank $630M

PYMNTS

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.

New York & Co. Rebrands To RTW Retailwinds

PYMNTS

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

In New York, growing support for a public bank

BankThink

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.

Capital One Adding Innovation Staff in New York

Bank Innovation

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.

New York State Finalizes Sexual Harassment Requirements

New York's State of Mind

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.

WorldRemit Opens International Money Transfers in New York

Bank Innovation

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.

Barneys New York Looks To VR To Carry Spring Collection

PYMNTS

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.

New York Just Told the OCC to Stick It

Bank Innovation

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.

Chef’d Meal Kits Coming To New York Area Drugstores

PYMNTS

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.”.

Amazon Go Coming To New York

PYMNTS

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.

Coinbase unveils XRP trading in New York

The Paypers

(The Paypers) Cryptocurrency exchange Coinbase has confirmed that New York state residents can now buy, sell, convert, send, receive, or store XRP online or via the Coinbase apps

New York Banks Should Get Into Online Lending

PYMNTS

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.

The New York Subway’s Better Digital Ticket To Ride

PYMNTS

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.

TRENDING: How ‘The New York Times’ Built A Winning Subscription Formula

PYMNTS

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.

New York & Co. Shows Off Digital Makeover

PYMNTS

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

Pathfinder in New York raises $21 million

BankThink

Community banking Bank stocks Branch network Capital New YorkThe company said it could use proceeds from selling common and preferred stock to increase lending and add branches.

New York On Verge of Historic Power Shift…Again

New York's State of Mind

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 […].

New York AG Wants More Info From Crypto Traders

PYMNTS

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

MWBE banks team up with NYC comptroller to win more business

BankThink

Representatives of minority- and women-owned small banks from around the country met to discuss how to expand business opportunities.

New York Commuters Can Use Apple Pay On Subways, Select Buses

PYMNTS

Apple Pay is coming to New York City thanks to a partnership with the Metropolitan Transportation Authority or MTA. According to TheVerge, the rollout of Apple Pay is part of the MTA’s One Metro New York initiative in which it’s testing new payment methods for fares. The Verge , citing Apple Pay, reported that on May 31st, people can use Apple Pay for public transportation in the sprawling metropolis.

Tech Center: New York City Takes on Tech Full Force

PYMNTS

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.

New York’s High Court Clarifies Credit Card Disclosure Law

New York's State of Mind

Yesterday, New York’s Court of Appeals became the latest court to weigh in on what one judge has called New York’s “Allison Wonderland” law prohibiting merchants from charging surcharges for credit card payments but authorizing them to offer lower prices for cash payments. Legal Watch New York State 518 GBL Expressions Hair Design Expressions Hair Design v.

Apple Pay, Masterpass Make It Into New York MTA’s Ticket App

PYMNTS

Apple Pay and Masterpass digital wallet technology are making their way to New York, with Governor Andrew M. We have worked tirelessly to rebuild and reimagine New York’s transit system for the 21st century, and a key part of those efforts is to incorporate the amenities that modern-day riders demand,” Gov. It then became available on Metro-North’s Harlem Line on July 25 and finally became available on the rest of the LIRR and Metro-North’s New Haven Line on Aug.

Breaking Banks: New York Fintech Week 2016 [AUDIO]

Bank Innovation

New York was rocking the fintech this week, from Next Money and BBVA Open Talent to Finovate Fall. Tune in to Brett King and company below to hear the fintech insider perspective. Social Media Startups Technology BBVA Breaking Banks Finovate Next Money

D-Day For New York’s Sexual Harassment Law

New York's State of Mind

When word got out that employers had until October 2019 to comply with the training requirements of New York’s comprehensive new sexual harassment prevention requirements, I swear I could hear a collective sigh of relief across the New York credit union industry. HR Legal Watch New York State Regulatory new york sexual harassment law