PYMNTS

JULY 10, 2020

In a move that will give more flexibility to its drivers, less predictability to passengers and potential legal protection for its parent company, Uber now is letting California drivers set their own rates — within limits. Uber’s move comes as the company confronts a California law called AB5 that took effect this year.

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Payments Dive

NOVEMBER 10, 2023

Bitcoin Depot CEO Brandon Mintz contends a new California law will “create economic challenges” for his company and other crypto ATM operators.

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PYMNTS

AUGUST 10, 2020

A California judge has passed an injunction to force Uber and Lyft to stop classifying their workers as independent contractors rather than employees, CNBC reported. The order came from a lawsuit filed by California Attorney General Xavier Becerra and the city attorneys from Los Angeles, San Francisco and San Diego.

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PYMNTS

AUGUST 12, 2020

is likely to shut down temporarily in California. “If If the court doesn’t reconsider, then in California, it’s hard to believe we’ll be able to switch our model to full-time employment quickly,” CEO Dara Khosrowshahi told MSNBC Wednesday (Aug 12). At the request of California Attorney General Xavier Becerra Monday (Aug.

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PYMNTS

OCTOBER 13, 2020

Lawyers for Uber , Lyft and the state of California laid out arguments on Tuesday (Oct. In January, California implemented its AB 5 law, which required that ride-hailing, food delivery and other such companies treat their workers as employees rather than independent contractors.

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Payments Dive

SEPTEMBER 26, 2022

The acquisition will give Banc of California access to clients’ payment insight, which the bank hopes to use for credit purposes, said Jared Wolff, the bank’s president and CEO.

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PYMNTS

DECEMBER 15, 2020

California-based Shoe Palace was started in 1993 by the Mersho family. More than 50 percent of the retail locations are in California, but the retailer has an “established retail presence” in Hawaii, New Mexico, Colorado, Florida, Arizona, Nevada and Texas.

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PYMNTS

DECEMBER 14, 2020

Gig workers for Uber and others in California will start getting benefits, but consumers will pay the price in additional fees, the Financial Times (FT) reported Monday (Dec.

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PYMNTS

NOVEMBER 2, 2020

In California, a state ballot vote tomorrow (Nov. Known as AB5, the shift was signed into law in September by California Gov. In a statement, Gig Workers Rising said that, “This proposition absolves the companies of any responsibility to their workers and writes into California state law a minimum wage as low as $5.64/hour.”.

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PYMNTS

OCTOBER 21, 2020

Uber is weighing contingency plans that could dramatically shrink its California operations should a ballot campaign aimed at revoking a controversial state labor law fall short on Election Day. Still, exactly what Uber has in mind for a Plan B is not clear, though Khosrowshahi is offering a few hints.

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Payments Dive

OCTOBER 2, 2023

California passed a law last week forcing use of a gun merchant code, but other states have done the opposite. Now, maybe Congress will act.

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California 476

PYMNTS

DECEMBER 16, 2020

users into new agreements with its corporate headquarters in California, effectively circumventing the European Union’s strict privacy laws, according to an exclusive report by the Reuters news service. It’s not clear how happy consumers in the United Kingdom will be over Facebook’s latest move, but privacy advocates are already up in arms.

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PYMNTS

NOVEMBER 4, 2020

In today’s top news, scammers are targeting used car buyers amid an uptick in digital sales, and California voters passed a proposition that upholds gig worker status. Prop 22: California Side With Uber And Lyft, Nix AB 5 Gig Worker Law. Plus, Wayfair released a blockbuster quarterly earnings report.

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Payments Dive

OCTOBER 23, 2024

The state instituted regulations Tuesday that will require earned wage access providers to register and be regulated as of next February.

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Accenture

FEBRUARY 16, 2021

In 2019, the California-based lender loanDepot made headlines when it managed to offer an end-to-end digital mortgage that closed in just 8 days, more than 80 percent faster than the 45-day industry average.1 1 Digital solutions enable this kind of agility at scale, but individual and societal risks can also scale in digital systems.

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PYMNTS

OCTOBER 14, 2020

Deputy attorney for San Francisco Matthew Goldberg said that although there are workers out there willing to accept less than the minimum wage, such actions are banned in California to protect against the downward pressure on wages overall. It’s clear that AB 5 is essentially an assault on app-based, on-demand tech companies.

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Payments Dive

AUGUST 29, 2023

The California company extended its presence to a third U.S. city and aims to expand its employee headcount by 40%.

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Payments Dive

AUGUST 15, 2022

After rolling out the bio-authentication and payment technology to a handful of stores earlier this year, the grocery chain will add it to 65 locations in California.

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California Technology Payments 363

CFPB Monitor

OCTOBER 27, 2022

Two recently-passed bills in California, Assembly Bill 2311 (“AB 2311”) and Senate Bill 1311 (”SB 1311”), were signed into law by Governor Gavin Newsom on September 13 and September 27, respectively, placing new restrictions on the sale of Guaranteed Asset Protection (“GAP”) waivers in California.

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CFPB Monitor

JANUARY 18, 2023

On September 9, 2022, the California Department of Financial Protection and Innovation (DFPI) proposed to amend its student loan servicing regulations, which we previously covered here. After reviewing public comments, on January 6, 2023, the DFPI released a Notice.

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CFPB Monitor

DECEMBER 6, 2023

Continue Reading

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California Innovation 148

CFPB Monitor

DECEMBER 13, 2022

On December 2, a non-profit advocacy organization filed a lawsuit in a California federal district court seeking to enjoin the California Department of Financial Protection and Innovation (DFPI) from enforcing the final regulations (Regulations) issued by the DFPI to implement.

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Bank Innovation

DECEMBER 31, 2019

With the start of the new year, banks and fintech companies that do business in California will need to grapple with the new California Consumer Privacy Act (CCPA), which goes into effect Wednesday.

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Bank Innovation

DECEMBER 3, 2019

It had to be California. When two Irish brothers started Stripe Inc. together in 2010, there was little question about where they should put their headquarters. 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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Bank Innovation

DECEMBER 26, 2016

Bank Innovation conducted a survey to find out, partnered with Worldwide Business Research, which explored the topic at its Future Branches event in La Jolla, California. The future of banking most probably involves a completely re-vamped branch structure–but what will the bank branch of the future look like?

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PYMNTS

JUNE 28, 2020

Mayor London Breed tweeted Friday (June 26) that the city will wait as the number of COVID-19 cases rise across California, CNBC reported. As California Gov. California is not the only state to reconsider its reopening as cases surge. Yesterday we saw 103 cases,” Breed wrote. “On

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California Texas Analysis Survey 280

Payments Dive

NOVEMBER 15, 2022

The founder of Payment Logistics will remain at the firm overseeing its employees in California.

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Payments California 293

PYMNTS

AUGUST 11, 2020

The California judge who ruled that Uber and Lyft have to classify their workers as employees reportedly “saw straight through” the “bogus argument” that the companies’ workers like being classified as independent contractors instead.

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Payments Dive

AUGUST 5, 2022

The two card companies took action against an advertising entity tangled up in a California lawsuit against the pornography website, which the plaintiff alleges illicitly posted images of her when she was a teenager.

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California Cards Company 284

PYMNTS

JUNE 25, 2020

Plus, California seeks a court order to make Uber and Lyft classify drivers as employees. California Seeks Court Order To Make Uber, Lyft Drivers Employees. In response, Uber has said more than 158,000 Uber drivers in California would lose work if the reclassification happens. Samsung Electronics Co.

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PYMNTS

JANUARY 27, 2021

Jerry Ji Guo was sentenced to six months in jail for defrauding investors of over $20 million in a fraudulent initial coin offering scheme, according to a press release from the U.S. Department of Justice. Guo presented himself to potential investors as an initial coin offering consultant and promised to perform marketing and publicity services.

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Bitcoin California cryptocurrency Fraud 250

Bank Innovation

JANUARY 17, 2018

Goldschmidt co-founded the California-based Pivotus Ventures two years ago. EXCLUSIVE- Oren Goldschmidt, President at Pivotus Ventures has joined the speaker faculty for Bank Innovation 2018, taking place March 5-6 in San Francisco.

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PYMNTS

NOVEMBER 10, 2020

3, California passed Proposition 22 , which lets app-based firms like Lyft, among others, categorize workers as contractors instead of as employees. We believe the outcome in California is a win-win-win,” Green said, noting that the measure is good for drivers, riders and the state’s economic recovery. Lyft reported on Tuesday (Nov.

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PYMNTS

JANUARY 11, 2021

A California man has sued Robinhood Financial and Robinhood Securities, claiming he lost thousands of dollars after his brokerage account with the firm was breeched, according to a complaint. Mehta is represented in the matter by the California law firm Erickson Kramer Osborne.

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PYMNTS

DECEMBER 18, 2020

Top Apple executive Craig Federighi, who oversees the iOS and macOS operating systems, has been ordered by a federal judge to testify in the lawsuit Epic Games brought against the Cupertino, California-based company, Apple Insider reported. District Court for the Northern District of California. In a ruling dated Friday (Dec.

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Payments Dive

JANUARY 4, 2024

The federal agency plans to weigh in on EWA services, it said in commenting on a California proposal to register and oversee the providers of such services.

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California 221

Payments Dive

MAY 12, 2022

With the $250 million credit facility from Goldman Sachs and other backers, the Palo Alto, California-based digital card startup aims to keep financing an expanding clientele.

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