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. Now, though, Stripe is leaving the tech mecca of San Francisco, awash in tech talent and investor cash, and is in the process of moving its main office about 10 […].

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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. The New York State Department of Financial Services (DFS), which supervises 1,500 banks and financial institutions and more than 1,400 insurance companies, has proposed a conditional licensing framework that promises to make it easier for cryptocurrency startups.

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New York cryptocurrency Regulation Innovation 193

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 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

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PYMNTS

SEPTEMBER 14, 2020

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.

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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

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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.

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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

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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.

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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.

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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

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New York City New York Retail Taxes 169

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. And in Singapore, global FinTech Rapyd announced a new platform that will allow both consumers and businesses to go totally cashless. Payment Methods Ban cashless payments Food new york city News regulation Retail What's Hot

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New York City New York Retail social media 196

PYMNTS

FEBRUARY 15, 2020

In many ways, 2020’s version of New York Fashion Week was much like any other year. The metallic bralette-as-shirt seemed to be this year’s Fashion Week uniform for the famous – and represented impressive dedication to style, considering that the average temperature in New York last week was below 40 degrees. The idea not only succeeded in New York, but it ignited and went global after the war ended.

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New York Los Angeles social media Boston 177

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.

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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.

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PYMNTS

FEBRUARY 12, 2021

Amazon is suing New York Attorney General Letitia James in an effort to block legal action regarding its workplace COVID-19 protocols as well as its decision to fire an employee last spring, Bloomberg reported on Friday (Feb.

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New York Regulation New York City Industry 158

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.

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New York Guidelines Operations Meeting 141

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 […].

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PYMNTS

FEBRUARY 25, 2021

To benefit from investor interest in travel and leisure equities as COVID-19 dissipates, Soho House is forming plans to list in New York by as soon as March, the Financial Times reported.

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New York Report Tools Industry 141

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.

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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.

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New York Online Regulation Operations 196

PYMNTS

JUNE 3, 2020

The parent company of New York & Co. , New York & Co. In a recent PYMNTS interview on “Powering the Digital Shift 2020, Nick Kaplan, president and co-founder of Fashion To Figure, a New York-based plus-size women’s retailer, quoted his brother who said “adapt or die.”. “A Retail bankruptcy New York & Co.

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CFPB Monitor

JANUARY 6, 2021

On December 23, 2020, New York Governor Andrew Cuomo signed into law S 5470 – B , which requires consumer-like disclosures for “commercial financing” transactions of $500,000 or less. NYDFS Regulatory and Enforcement Small Business commerical financing new york

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New York Regulation Security Software 78

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.

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New York blockchain cryptocurrency Compliance 143

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.

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New York National cryptocurrency Compliance 95

New York's State of Mind

DECEMBER 4, 2020

There have been few instances where machinations in Washington have had a more direct impact on New York State than what we’ve seen unfolding in the last few days. Advocacy COVID-19 Economy Federal Legislation Legal Watch New York State Political Regulatory COVID-19 Relief Package Democratic Congressional Campaign Committee FSOC New York Giants Rep.

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New York's State of Mind

FEBRUARY 10, 2021

Compliance COVID-19 Economy Mortgage Lending New York State Regulatory Fannie Mae and Freddie Mac GDP GSE mortgage forbearanceYesterday, the Federal Housing Finance Agency highlighted just how long the pandemic has lasted by announcing that mortgages backed by Fannie Mae and Freddie Mac may be eligible for an additional forbearance extension of three months.

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New York Compliance Lending 52

PYMNTS

FEBRUARY 17, 2021

Camping World that both stores have undergone large expansions and that the new offering encompasses a broad spectrum of new and pre-owned RVs along with products and accessories. Camping World Holdings, Inc.

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Pennsylvania New York Mobile Company 151

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.

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New York United States Course Data 181

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

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Payments Source

SEPTEMBER 18, 2020

is encouraging its staff to begin returning to its New York-area offices, joining other large employers seeking to bring workers back after months at home. Mastercard Inc.

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New York 119

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. New Jersey opened its beaches on Memorial Day weekend, while New York City began reopening earlier this month, letting nonessential manufacturing and construction workers return to their jobs.

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PYMNTS

FEBRUARY 19, 2020

are closing branches, but the New York area is seeing more closures than most, Bloomberg reported on Wednesday (Feb. The area encompasses New York City, its suburbs and parts of New Jersey, “a very dense urban market in most instances, so there’s a lot of potential duplication of bank branches,” said Walter Bialas, director of research at Jones Lang LaSalle , the world’s second-largest commercial real estate services firm. Banks across the U.S.

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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.

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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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