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.

High-End Retailers Block Access To Storefronts In New York

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As government measures to decelerate the spread of the coronavirus have come into place, many upscale retailers in New York such as Chanel, Celine and Fendi have blocked access to their shops with plywood.

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Retail Vacancies Spike In New York City

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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.

New York Sees Most Bank Branch Closures In US

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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 City Council Bans Cashless Food And Retail Stores

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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.

Is New York Fashion Week Still In Style?

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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.

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

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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

Nordstrom Opens New Flagship Store In New York City

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As it expands in New York City, Nordstrom opened the doors to its first-ever flagship store for women and children on West 57th Street across from the new Nordstrom Men’s Store that debuted last April. Retail beauty brick and mortar new york city News Nordstrom What's Hot

New York State Releases Emergency Mortgage Regulations

New York's State of Mind

While we wait to see what is tucked away in the trillion-dollar stimulus package, New York’s governor continues to impact banking operations […]. Compliance Mortgage Lending New York State Regulatory ATM fees COVID-19 exempt organizations GSEs mortgage forbearance stimulus package

New York State Releases Emergency Mortgage Regulations

New York's State of Mind

While we wait to see what is tucked away in the trillion-dollar stimulus package, New York’s governor continues to impact banking operations […]. Compliance Mortgage Lending New York State Regulatory ATM fees COVID-19 exempt organizations GSEs mortgage forbearance stimulus package

Amazon Rethinks New York City HQ2 Campus

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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.

New York banking regulator orders emergency relief on mortgages, card fees

American Banker

Mortgages New York Coronavirus Consumer banking Law and regulationThe regulation issued late on Tuesday directs state-regulated financial institutions to give mortgage borrowers at least 90 days of forbearance if they can show financial hardship resulting from the coronavirus pandemic. It also requires banks and credit unions to provide relief on ATM fees and credit card late payment fees.

New York To Limit The Number Of Event Attendees Amid Coronavirus

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As New Jersey and New York limit the number of people at events because of COVID-19 fears, the governor of New York said meetings of over 500 individuals would not be allowed following Friday evening with some exclusions.

New York City Mulls Fur Sales Ban

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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.

Gett Shutters Juno In New York, Partners With Lyft

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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. Ridesharing Gett ipo Juno Lyft new york city News What's Hot

Credit Card Surcharges OK’ed In New York

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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.

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

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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

Luxury Brand Barneys New York Seeks Bankruptcy Protection

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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

Three executive defections, one angry investor at New York bank

American Banker

Corporate governance New York Lawsuits Community banksHanover Bancorp is facing a proxy battle after its CFO and two other bankers bolted to a rival.

New York Ramps Up Fight Against Predatory SMB Lending

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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.

Walgreens, Postmates Team For New York On-Demand Delivery

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The top items ordered by New Yorkers are San Pellegrino, Smart Water, Gatorade, Pedialyte and Tylenol. Retail delivery Healthcare New York News on-demand Pharmacy Postmates Walgreens What's Hot

Unions Urge New York To Follow California’s Lead On Gig Workers

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Unions in New York are petitioning the state to change its laws to include employment protections for gig economy workers, similar to a bill recently passed in California, The Wall Street Journal reported on Monday (Sept.

New York City moves to ban cashless stores

American Banker

Payments Mobile payments Payment methods Credit cards Cash Visa Mastercard American Express New YorkThe city would join San Francisco and Philadelphia among cities that prohibit stores and restaurants from only accepting electronic payments.

New York State Of (Cybersecurity) Mind

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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.

NBT in New York buying employee benefits firm

American Banker

Community banking Fee income M&A New York IllinoisThe company agreed to acquire Alliance Benefit Group of Illinois, which has more than 600 clients and 40,000 plan participants.

Visa Renews New York Fashion Week Sponsorship

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Expanding its footprint in fashion, Visa has announced its renewed sponsorship of New York Fashion Week: The Shows (NYFW) as its official payment technology partner.

How New York's planned digital currency sidesteps Libra's issues

Payments Source

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.

New York AG To Launch Investigation Into Facebook

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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.

Norwood entering upstate New York with latest bank acquisition

American Banker

Community banking M&A Capital Growth strategies Pennsylvania New YorkThe Pennsylvania company will pay $80 million for the parent of USNY Bank.

IBM hosting two day Sales Performance Management Summit in New York City

Insights on Business

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

California's fintech startups are invading New York

Payments Source

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.

Visa Highlights Contactless Payments At New York Fashion Week

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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 Grand Jury Looking Into Facebook’s Data Sharing Agreements

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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.

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.

New York Regulator Fines Pakistani Bank $630M

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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.