Rhode Island Eyes Capping Credit Card Interest Rates

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In Rhode Island, there seems to be a groundswell to limit the interest rates that can be charged on card balances, at least in that state. Consumer Finance consumer finance credit card debt credit cards Editors' Picks Interest Rates News Rhode Island

Rhode Island brings sales tax law into 21st century

Perficient Financial Servies

Like many states, Rhode Island has been gradually adapting its sales and use tax laws to the realities of the computerized age. That was a big step in bringing Rhode Island sales tax law into the modern age. Yet Rhode Island tax law was already a bit outdated by the time the 2011 law took effect. Rhode Island, at least, is not one of them. Learn more about Rhode Island’s new tax on SaaS in this Avalara blog.

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Rhode Island Gives London's WorldRemit a Key Market in U.S.

Payments Source

states with the announcement that it’s added a proprietary license in Rhode Island. WorldRemit inched closer to its goal of obtaining its own money transmitter license in all available U.S. regulation-compliance regulation global

Bristol County Savings expanding in R.I. with Freedom purchase

American Banker

Community banking M&A Growth strategies Massachusetts Rhode IslandThe Massachusetts savings bank will gain branches in two communities as part of the acquisition.

Bankers try on second hats — as economic forecasters

American Banker

Economy Growth strategies Community banks Rhode Island California Pennsylvania

Bitcoin Daily: Fed Reserve Could Add Bitcoin To Stress Tests; Thai SEC Bans 3 Cryptos

PYMNTS

In other news, Rhode Island lawmakers have filed a bill to exempt certain blockchain tokens from securities laws. The U.S.

CFPB’s unexpected showdown with Citizens

American Banker

The agency's lawsuit against the Rhode Island company — the first involving a bank under Director Kathy Kraninger — has challenged assumptions about its approach to enforcement.

Citizens Hits Back at CFPB’s Lawsuit Over Credit Card Dispute Failings

Banking Exchange

The Rhode Island-based bank says legal action from the consumer regulator is “unwarranted” and ignores previous remedial work Consumer Credit Compliance Customers Cards CFPB Compliance/Regulatory Consumer Compliance Community Banking Feature3 Feature.

8.9.19 Your morning briefing

Payments Source

Today: Commerz pilots M2M; Postmates deploys robots; Libra encourages new technology; State Farm suffers a breach; Rhode Island issues crypto regulations. The information you need to start your day, from PaymentsSource and around the Web.

25 Million Mobile Users, Only 2 Million on Bank of America’s Erica

Bank Innovation

Keep in mind that we started the rollout earlier this year with Rhode Island (which has a relatively small population) and completed in all markets in June," Betty […]. Bank of America might have 25.3 million active mobile users, but only two million of those users are using the bank's virtual assistant Erica. That's not even 8%.

Citizens Access Targeting ‘Optimizers’ to Grow Deposits Beyond the Bank’s Footprint

Bank Innovation

Citizens Access, the digital-only arm of Rhode Island-based Citizens Financial Group, has grown to about $4 billion in deposits, mostly from new customers outside the bank's traditional footprint, since its launch in July 2018. If you build it, the optimizers will come.

Does NCUA’s Restructuring Plan Make CentsSense?

New York's State of Mind

Region 1 overseas the following states: federally insured credit unions in Connecticut, Maine, Massachusetts, Michigan, New Hampshire, New York, Rhode Island, Vermont, and Wisconsin. NCUA announced Friday that it plans to shut down Region 1 as part of a restructuring of its operations. Region 3, based in Atlanta, is also marked for death.

Court Filings Show Facebook’s Data Policy Was About Competition, Not Privacy

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The documents were provided to several media outlets by British journalist Duncan Campbell after he first submitted them to Congressman David Cicilline (D-Rhode Island), chairman of the U.S.

CFPB Sues Citizens Bank For Violating Truth In Lending Act

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District Court for the District of Rhode Island. The Consumer Financial Protection Bureau (CFPB) filed a lawsuit on Thursday (Jan. 30) against Citizens Bank over alleged violations of the Truth In Lending Act (TILA). It filed the complaint in the U.S. The CFPB said that Citizens Bank neglected to follow the rules for years by failing to properly manage credit card disputes.

The United States Of Artificial Intelligence Startups

CB Insights

The startup with the least funding on the list is Rhode Island’s The Innovation Scout , a SaaS platform that has raised $50K. Rhode Island. Funding to artificial intelligence startups is soaring. Last year, VCs invested a record $9.3B

Citizens Bank Partners With Microsoft Xbox All Access

PYMNTS

Headquartered in Rhode Island, Citizens Bank is one of the largest and oldest financial institutions in the United States, according to its website.

Bitcoin Daily: FINMA Grants Licenses To Two New Blockchain Firms; ShortHop Crypto Exchange Launches In Seven New States

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states: Indiana, Massachusetts, Nevada, New Jersey, Rhode Island, Arizona and Montana. The Swiss Financial Market Supervisory Authority (FINMA) has granted the first “banking and securities licenses” to two blockchain companies: SEBA Crypto AG and Sygnum AG.

Small Business Bankruptcy Bill Becomes Law

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Sheldon Whitehouse (D-Rhode Island), included incentives for small business owners to retain ownership of their companies, as well as creditor protections. President Donald Trump has signed into law legislation that streamlines the bankruptcy process for small businesses and farmers.

Postmates Is Now Available In 60 Percent Of U.S. Households

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The company listed Providence, Rhode Island; Colombia, South Carolina; Little Rock, Arkansas and Athens, Georgia as newly-added service areas. Postmates announced that it is expanding into 134 new cities so that it now covers 60 percent of the U.S.

Chinese Hackers Target Navy Contractors To Steal Military Secrets

PYMNTS

In June, hackers stole secret plans to a supersonic missile for submarines, targeting an unnamed company that had a contract with the Navy in Rhode Island. Chinese hackers have targeted U.S.

Ongoing US China Trade War Causes Morgan Stanley To Slash Apple Price Target

PYMNTS

The plaintiffs, who live in Michigan and Rhode Island, are trying to get class-action status for the lawsuit. A Morgan Stanley analyst has cut the price target on Apple from $240 to $231 in a note to investors, according to a report by CNBC.

Citizens Bank To Offer Consumer Financing For Microsoft’s Xbox All Access

PYMNTS

Headquartered in Rhode Island, Citizens Bank is one of the largest and oldest financial institutions in the United States, according to its website.

In Europe, Single Data Market Looms?

PYMNTS

The suit, filed in Rhode Island, alleges that Citizens Bank violated federal consumer protection laws during the period between 2010 to 2016. In Europe, another regulatory salvo may be aimed at U.S. tech firms’ dominance across online platforms, and the collection and use of data.

Report: 80 Pct. Of NJ Gamblers Place Wagers Online

PYMNTS

Legislators in Rhode Island, for example, debated allowing mobile sports betting after extending it to casinos.

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Bringing The Farmers Market Online With Apps

PYMNTS

That opens the door for producers from Southern Maine, New Hampshire, Western Massachusetts and Rhode Island.) When it comes to geography, Rhode Island, where the company is based, has advantages for a startup.

Big Tech Faces Yet Another Congressional Hearing

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David Cicilline of Rhode Island. Big tech companies Facebook , Google and Amazon are going to be the subject of a new congressional hearing, in addition to the series of investigations ongoing from regulators and lawmakers already in motion, according to a report by Bloomberg.

US Lawmakers Want Cheaper Chapter 11 For SMBs

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Sheldon Whitehouse (D-Rhode Island), would introduce incentives for small business owners that want to maintain ownership of their companies. According to The Wall Street Journal ( WSJ ) on Friday (Nov. 30), two U.S.

TRENDING: An Inside Look At Applebee’s Mobile Order Ahead Strategy

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The pilot service is currently offered at 19 Massachusetts store locations and two other locations in Rhode Island. From QSRs to casual dining operations, restaurants are tapping into mobile ordering to capture busy customers with no time to dine in.

Committee Hearing To Examine Big Tech’s Media Market Power

PYMNTS

David Cicilline of Rhode Island, who serves on the antitrust subcommittee, have co-sponsored legislation where local news organizations can negotiate with larger platform companies over issues such as access.

Three People Sue Apple Over iTunes Privacy Issues

PYMNTS

The plaintiffs, who live in Michigan and Rhode Island, are trying to get class-action status for the lawsuit.

Russell E. Hogg, Former Mastercard President, Dies At 91

PYMNTS

He went to the Harvard Graduate School of Business Administration and the University of Rhode Island, a school that awarded him with an Honorary Doctor of Laws degree in 1986. The former president and CEO of Mastercard International has died at the age of 91. Russell E.

EU Begins Antitrust Probe Into Amazon, Fines Qualcomm

PYMNTS

Margrethe Vestager , the EU’s competition commissioner, is preparing to leave office with a bang, launching an investigation into Amazon while also preparing a fine against U.S. chipmaker Qualcomm , according to the Financial Times.

Some Big Facebook Investors Call For Zuckerberg’s Ouster

PYMNTS

Rhode Island, Illinois and Pennsylvania state treasurers are also joining the initiative. Facebook Chief Executive Mark Zuckerberg is in the crosshairs of some major investors, including public pension funds and state officials who want the CEO ousted from the social media company. According to CNBC , New York City Comptroller Scott Stringer said Facebook’s board needs to make a real commitment to addressing the risks.

The Digital Evolution Of The Online Gaming Ecosystem

PYMNTS

And New Hampshire is far from unique: According to the Monitor’s reports, both Connecticut and Rhode Island have seen similar results with their online gambling platforms.

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Google’s AG Onslaught A Big Fizzle For Tech

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Today’s document requests are an important milestone in this investigation as we work to obtain the information that our Members need to make this determination,” Congressman David Cicilline of Rhode Island, who chairs the subcommittee and is leading the antitrust investigation, said in a statement.

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Lawmakers Eye Increased Libra Oversight

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David Cicilline, Democrat of Rhode Island and chairman of the House Judiciary antitrust subcommittee, in a statement. Facebook’s planned cryptocurrency Libra may see increased regulatory oversight, at least if new legislation introduced in the U.S. Congress comes to pass. As reported by The Hill , Reps.

House Hearing Signals Fireworks On Big Tech Antitrust Issues

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David Cicilline of Rhode Island, who serves as subcommittee chairman. For Big Tech , expect fireworks for fall, or a September to remember. This Thursday (Sept.