California’s fintech startups are invading New York

Bank Innovation

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.

New York To Ease Cryptocurrency Regulations


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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MoneyGram sued by CFPB, New York AG

Payments Dive

“MoneyGram spent years failing its customers and failing to follow the law,” Consumer Financial Protection Bureau Director Rohit Chopra alleged. MoneyGram called the latest in a series of regulatory actions against the company a "frivolous" lawsuit

New York To Sunbelt State Tourists: Stay Home


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.

A Recruiter’s Guide To Hiring In 2021

With vaccination rates rising, consumers spending more money, and people returning to offices, the job market is going through a period of unprecedented adjustment. As the New York Times observed, “It’s a weird moment for the American economy.” And recruiting professionals are caught in the middle. To make the most of this disruption, you need to understand the economic drivers, develop a strong strategy for unearthing valuable talent, and use the latest tech tools to get the job done. Read this guide to get your recruiting practice ready to thrive in the new normal.

New York Readies for Electronic Notarization

New York's State of Mind

In the closing days of 2021, the Governor signed legislation that will authorize the use of electronic notarization in New York State. New York State Regulatory Technology Chapter amendments Executive order 202.7 But even as she signed the bill, the Governor announced that she had reached agreement with the Legislature on additional changes that will both delay the effective date of Remote Online Notarization (RON) […].

What CFPB Guidance Means For New York

New York's State of Mind

It could have important implications for those of us living in states such as New York with an aggressive enforcement […]. Compliance Legal Watch New York State Regulatory CFPB Consumer Financial Protection Act (CFPA) DFS Dodd-Frank Superintendent Harris UDAAP

New York Introduces Further Remote Notarization Changes

New York's State of Mind

In the closing days of December, Governor Hochul signed legislation permitting the use of remote notarization in New York, but coupled her signature with an announcement that further changes had been agreed to. Mortgage Lending New York State Technology fair lending laws Real estate agents Remote Notarization RIN Remote Ink Notarization RON Remote Online Notarization

New York Court Invalidates Congressional and Legislative Districts

New York's State of Mind

In a decision which could have a direct and substantial impact on the political environment in which credit unions operate, not only in New York State but around the country, New York’s highest court invalidated a Congressional map which would have favored Democrats to pick up at least three seats, and a state Senate map […]. Advocacy Legal Watch New York State Political Court of Appeals Independent Redistricting Commission New York State Senate redistricting

New York State Proposes Key Amendments to Cybersecurity Reg

New York's State of Mind

Late this past Friday, New York’s Department of Financial Services provided a notice of proposed amendments to the Department’s Cybersecurity Regulation (23 NYCRR 500). In 2017, New York promulgated its “first in the nation” – […]. Compliance New York State Regulatory Technology 23 NYCRR 500 amendments CISO Cybersecurity Regulation risk assesement

Related Cos. CEO Calls For Workers To Come Back To New York City


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.

New York City’s Economic Recovery Is Years Away, Fiscal Watchdog Says


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

American Express reopens New York, London offices at 10% capacity

Payments Source

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.

New York’s Anti-Trust Experiment

New York's State of Mind

On January 12th a diverse group of 60 New York business leaders and legal experts wrote a letter urging the legislature not to pass S933-A Gianaris / A1812-A Dinowitz. Legal Watch New York State Regulatory Abuse of Dominance anti-trust Antitrust S933-A Gianaris / A1812-A DinowitzThe legislation would establish a first in the nation European style framework for analyzing allegedly anti-competitive conduct and it would impact not only the Googles of […].

New York State Issues Important Guidance on Virtual Currency and BSA Requirements

New York's State of Mind

New York’s Department of Financial Services issued guidance yesterday emphasizing the unique BSA concerns raised by virtual currency. Compliance New York State Regulatory Technology Bitcoin Distributed Ledger Technology (DLT) Ether guidance New York State DFS virtual currencies

New York Gyms Get OK To Reopen Next Week


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.

Is New York Fashion Week Still In Style?


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.

Today In Payments: Wirecard Files For Insolvency; New York To Ease Cryptocurrency Regulations


In today’s top news, Wirecard files for insolvency, and New York proposes easing regulations for cryptocurrency licenses. New York To Ease Cryptocurrency Regulations.

New York City Sees Surge In Street Vendors


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

Lowe’s Builds New Image At New York Fashion Week


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.

New York’s Highest Court To Rule On Medallion Controversy

New York's State of Mind

New York’s Court Of Appeals, the State’s highest court, has decided to wade into the taxi medallion controversy. The court will consider a case in which a group of individuals who purchased yellow taxi cab medallions in three auctions held in 2013 and 2014 are seeking to sue New York City and the Taxi and […]. Advocacy Federal Legislation Legal Watch New York State Account Transaction Reporting Senator Joe Manchin Singh v City of New York taxi medallions

Retailer New York & Co. Will Likely File For Bankruptcy


The parent company of New York & Co. , New York & Co. Retail bankruptcy New York & Co.

New York Sees Most Bank Branch Closures In US


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.

New York & Co. Parent RTW Retailwinds Auctioned For $40M


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.

Retail Vacancies Spike In New York City


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

Credit Card Surcharges OK’ed In New York


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 Times Posts Blockchain Job


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.

New York City Restaurants Could Reopen In July


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 City Mulls Fur Sales Ban


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.

Bank of New York Mellon to boost 2022 tech spending


The Bank of New York Mellon will increase its technology spend next year in an effort to build its platform offerings and modernize its applications. Business Banking Bank of New York Mellon infrastructure investment banking Premium

Amazon Rethinks New York City HQ2 Campus


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 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.

New York City Sees Lower Rents Due To Pandemic


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

Key Changes Made to New York Foreclosures, SBA Loans

New York's State of Mind

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

New York To Let T-Mobile, Sprint Merger Go Forward


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