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CA Denies Lending License For BNPL Firm Sezzle

PYMNTS

“Afterpay is much more diversified in multiple regions, and I’d assume, because of that, [it is] perceived as a lower-risk play,” said Mathan Somasundaram, market portfolio strategist at Blue Ocean Equities, according to reports. “Whereas, Sezzle is only in the U.S., ”

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New CA Privacy Law Requires Retailers To Disclose Data Collection

PYMNTS

The law is similar to Europe’s General Data Protection Regulation (GDPR), which broadly changed the way companies in the region were allowed to deal with customer data. The legislation will also affect companies like Facebook and Google , as well as mobile service providers, streaming services, app makers and more.

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Grocery Stores Shutter In-Store Pharmacies

PYMNTS

Pharmacies in regional chains, like Sacramento, CA-based Raley’s Supermarkets, are downsizing, and the aforementioned Lunds & Byerly has shuttered all its pharmacies. But even CVS and Walgreens are feeling the crunch of the move toward digitization, as they’re closing over 300 under-performing stores.

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CA Governor signs laws setting Financing Law rate cap, automatic deposit account exemption from levy

CFPB Monitor

The law adds a new section to California’s Code of Civil Procedure that exempts from levy without a claim by the debtor funds in a deposit account in an amount that has been determined by the state’s Department of Social Services to be the “minimum basic standard of adequate care for a family of four for Region 1” as adjusted annually.

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Which are America's healthiest credit unions?

Abrigo

Following the release of Sageworks Bank Information’s list of America’s healthiest banks by region in March of 2015, the company recently examined the health of their credit union (CU) counterparts. The list – America’s healthiest credit unions – names the top 50 CUs that stand out from the pack with an exceptionally low Texas Ratio.

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Network International & FICO Bring MEA Enterprise Fraud Detection

FICO

While the global payments market has been transformed by several factors, not least the COVID-19 pandemic, traditional cash-based payments still dominate across the region. With this region-wide change in payment preferences comes the associated challenge of an increase in fraud. The Future of Fraud Detection in the MENA Region.

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Credit unions continue to see growth in auto lending

Abrigo

Regionally, Southern credit unions continue to dominate in total new vehicle loans, with more than $39 billion reported for the period ending December 31st. And while the region has seen the slowest growth of the four, new vehicle lending does continue to climb steadily. The Golden 1 Credit Union - Sacramento, CA 7.

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