CFPB Monitor

OCTOBER 6, 2022

A California state court has overruled the demurrer filed by Opportunity Financial, LLC (OppFi) to the cross-complaint filed by the California Department of Financial Protection and Innovation (DFPI) in which OppFi asked the court to reject the DFPI’s “true lender” challenge.

California 78

California FDIC Analysis Utah 78

PYMNTS

NOVEMBER 25, 2019

Retail innovation comes from various places – and for the new decade, that includes quick-service restaurants (QSRs), the site of massive technological change. According to a new study from the National Restaurant Association and Technomic, 22 percent of consumers used kiosk ordering last year. Loyalty, too, is a source of innovation.

Innovation 153

Innovation Retail New York City Minnesota 153

CFPB Monitor

SEPTEMBER 10, 2020

In 2019, California enacted AB-539, the Fair Access to Credit Act (FACA), which, effective January 1, 2020, limits the interest rate that can be charged on loans of $2,500 to $10,000 by lenders licensed under the California Financing Law (CFL) to 36% plus the federal funds rate. A number of states have challenged these regulations.

Utah 78

Utah California FDIC West Virginia 78

PYMNTS

NOVEMBER 14, 2019

Sports are big business around the globe, so it comes as no surprise that retail innovation constantly takes place within that industry, and in combination with payments. The app was initially available at just six locations in California, Iowa and Texas, but now caters to more than 60 venues across the United States.

Mobile 129

Mobile Innovation San Jose Iowa 129

PYMNTS

SEPTEMBER 26, 2018

California Attorney General Xavier Becerra and San Francisco District Attorney George Gascón announced on Wednesday (Sept. Companies in California and throughout the nation are entrusted with customers’ valuable private information. 26) that they have reached a settlement with Uber Technologies Inc.,

San Francisco 172

San Francisco District of Columbia Data California 172

PYMNTS

JANUARY 29, 2020

The National Institute for Smart Governance (NISG) in India has published a report recommending that laws around blockchain should be based on what the technology does, and not the technology itself, according to a report Tuesday (Jan. said that national policy might not be enough in terms of crypto regulation. . “We

Bitcoin 132

Bitcoin Regulation blockchain Delaware 132

PYMNTS

MARCH 2, 2020

Lloyd’s Head of Innovation Trevor Maynard said per the report that the British insurance company is the “natural home for insurance innovation because of the unique ability of syndicates to collaborate to insure new things.”. And the Office of Foreign Asset Control of the U.S. And another unsealed document indicates that the U.S.

Bitcoin 177

Bitcoin Policies Groups California 177

PYMNTS

FEBRUARY 6, 2020

Lauren Saunders, who serves as associate director of the National Consumer Law Center, said state-regulated lenders “lauder their loans up to 160 percent annual percentage rates through banks in order to evade state interest rate caps. These schemes are spreading across the country and are starting to explode.”.

Utah 130

Utah National California Regulation 130

PYMNTS

MARCH 2, 2020

The latest PYMNTS Credit Union Innovation Index found that three-quarters of respondents chose to bank at their CU because of trust, and over 60 percent of current CU members said they wouldn’t leave their CU for another financial institution (FI) because of – you guessed it – trust. The Trust Factor.

California 130

California Fraud Pennsylvania Community 130

PYMNTS

MAY 5, 2020

In addition to New York, the program is now available for SNAP recipients in Alabama, Arizona, California, Florida, Iowa, Kentucky, Nebraska, New York, Oregon and Washington. Instacart reported grocery orders were 10 times higher than usual, and even 20 times higher in places like California and New York, the online news service reported.

Online 151

Online District of Columbia West Virginia North Carolina 151

PYMNTS

APRIL 10, 2020

Beyond Tempe, Starship brought on a grocery delivery service in the nation’s capital last month and grew to Irvine, California. As previously reported , Starship Technologies planned to expand and deliver everything from pizza to Starbucks to university students throughout the nation.

Arizona 267

Arizona Technology California Community 267

PYMNTS

AUGUST 27, 2019

According to PYMNTS’ Credit Union Innovation Index , 65 percent of CU members said they chose a CU as their primary financial institution (FI) because they trusted it, as opposed to 45 percent of non-CU members who said the same. How California Coast Credit Union is Transforming in the Digital Age. percent in the U.K.

Data 122

Data Report Los Angeles California 122

Bank Innovation

MARCH 22, 2016

The new auto loan product will initially launch in California, and is expected to be live in Illinois and Georgia by early in the second quarter, with a national rollout expected by the third quarter, according to Avant. Online marketplace lender Avant Inc.

Illinois 150

Illinois Georgia California National 150

PYMNTS

NOVEMBER 9, 2020

According to Zhu, Nuro has now put out two versions of the autonomous delivery vehicle, including R2, which received the first and only federal exemption for an autonomous vehicle from the Department of Transportation (DOT) and the National Highway Traffic Safety Administration , per the post.

Houston 249

Houston Arizona Texas California 249

CFPB Monitor

FEBRUARY 16, 2022

Around the nation, regulators are preparing to implement and enforce new consumer-like disclosure laws for small business commercial finance providers. Similarly, California regulators have yet to finalize proposed implementing regulations. The NYDFS is expected to provide an updated proposal prior to March 31, 2022.

North Carolina 78

North Carolina Missouri Maryland Mississippi 78

PYMNTS

OCTOBER 24, 2018

and in the wake of GDPR, which of course took effect in May, there exists the California Consumer Privacy Act of 2018, known colloquially as CCPA. economy that it is difficult for a company to treat California consumers differently than they treat non-California consumers. Here in the U.S.,

Data 122

Data US California Guidelines 122

PYMNTS

SEPTEMBER 28, 2020

A study of 25 Google rivals by Lademann & Associates , a German-based consultant on the European antitrust law, revealed the global technology company based in Mountain View, California, continues to favor its own price comparison shopping service. “It

Google 192

Google Study Marketing Comparison 192

PYMNTS

NOVEMBER 25, 2019

PYMNTS’ Credit Union Innovation Index found that 65 percent of such members chose their CUs because they trusted them, for example, with 60.8 CU innovation is no less prevalent abroad, with 30 CUs in Ireland partnering with Mastercard to open full-service checking accounts.

Alaska 154

Alaska Hawaii California Analytics 154

PYMNTS

JULY 31, 2017

In fact, the federally backed National Credit Union Administration (NCUA) reported credit union membership grew by 4.3 This inaugural edition of the Tracker covers the most significant recent developments from around the credit union market, including notable innovations, industry partnerships and efforts to challenge and change regulations.

Report 114

Report Innovation Regulation National 114

PYMNTS

MAY 27, 2020

The national decline in restaurant bookings is starting to ease up, according to new data from OpenTable as reported by CNBC. In Florida, Ohio, Georgia, New Jersey, Massachusetts, California and Connecticut, local government rulings have allowed such new tactics to flourish.

New Jersey 132

New Jersey Data Nebraska Alabama 132

PYMNTS

SEPTEMBER 25, 2019

AH To Go is a 150-square-foot cashierless store that features “grab and go” technology from the Santa Clara, California-based startup AiFi, creator of the NanoStore. Technological innovations follow each other at breakneck speed and offer endless opportunities. “We

California 123

California Innovation Software National 123

PYMNTS

OCTOBER 9, 2020

It will use proceeds to leverage technology and invest in innovative ideas to drive the long-term health and wellness of all citizens. The National Restaurant Association estimates the industry has lost $185 billion this year. The San Francisco-based global leader in CRM said the new fund is twice the size of its 2017 offering.

San Francisco 196

San Francisco Capital United States Big Data 196

PYMNTS

FEBRUARY 28, 2020

PYMNTS’ Credit Union Innovation Index found 65 percent of CU members chose credit unions as their primary financial institutions (FIs) because they trusted them, compared to 45 percent of non-CU members who said the same. California’s Protective Measures And Their Costs. Data Breaches Within And Without. Canada’s largest CU, the 4.2

Data 131

Data California Security Pennsylvania 131

CB Insights

MAY 23, 2016

Startups based in California, New York, and Massachusetts account for most of the VC tech funding in the United States. However, hotbeds of innovation are being spurred by VCs across the country. With that in mind, we used CB Insights … Continued.

United States 53

United States Massachusetts National Capital 53

CB Insights

MAY 23, 2016

Startups based in California, New York, and Massachusetts account for most of the VC tech funding in the United States. However, hotbeds of innovation are being spurred by VCs across the country. With that in mind, we used CB Insights … Continued.

United States 53

United States Massachusetts National Capital 53

PYMNTS

NOVEMBER 4, 2020

These innovations have revolutionized diners’ experiences and transformed the purchasing process. McDonald’s purchased California-based voice recognition startup Apprente last year, with plans to eventually implement the technology at its U.S. drive-thrus. How Payments Factor Into The Ordering Equation. Much of the U.S.

Meeting 230

Meeting Payments New York City Denver 230

PYMNTS

JULY 16, 2019

Last year, Lendbuzz’s loan origination grew 320 percent, and the company increased its dealership network across the United States to include key markets, including California and Florida. Data shows that more than 43 million foreign born nationals live in the U.S., “This is a significant step forward for Lendbuzz.

Fintech 122

Fintech United States Florida California 122

PYMNTS

APRIL 25, 2017

TechCrunch said the fight between states and the OCC centers on a proposal made by the OCC in December, in which it details a program that enables FinTechs to apply for charters to become special purpose national banks. Some are concerned the OCC is hurting innovation, while others think it’s overstepping its limits.

Fintech 109

Fintech Ohio Florida Oregon 109

PYMNTS

MARCH 19, 2018

The National Transportation Safety Board and the National Highway Traffic Safety Administration (NHTSA) both said they would be sending teams to Tempe to investigate what happened. She later succumbed to her injuries, the police statement said.

Arizona 101

Arizona San Francisco National California 101

PYMNTS

JANUARY 27, 2020

In recent weeks, both New York and California have sought more authority over debt collection, even as the CFPB mulls rule changes that would make it easier for debt collectors to be in contact with companies and individuals via phone, text and email. An agreement among OECD countries would spur France to end its national digital tax. “We

New York 179

New York Taxes California Conference 179

PYMNTS

AUGUST 25, 2016

government to verify their identities and their ability to pay for their studies, these students are often overlooked by national credit bureaus. National credit bureaus and scores like FICO are leaving people out of the credit system. college campuses and grow its internal team.

National 100

National California Cards Analytics 100

CB Insights

MAY 22, 2016

The most well-known venture capital firms in the US primarily invest in startups based in California, New York, and Massachusetts. However, hotbeds of innovation are being spurred by VCs across the United States. With that in mind, we used CB … Continued.

Capital 28

Capital United States US Massachusetts 28

PYMNTS

OCTOBER 28, 2019

Disney is offering mobile concession ordering at its California and Florida amusement parks, and several universities are introducing similar options at their on-campus dining halls. The app was initially available at just six locations in California, Iowa and Texas, but now caters to more than 60 across the United States.

Mobile 101

Mobile San Jose California Iowa 101

PYMNTS

SEPTEMBER 18, 2020

Epic Games indicated that the California-based tech firm has provided an extension without an end for fans to get into the survival game. What Innovators Can Learn from Netflix . and China that is focused on national security. Apple Provides Temporary Access to Epic Games' Fortnite. In the U.S.,

Fraud 141

Fraud Apple California Innovation 141

Independent Banker

JULY 31, 2022

While many banks are utilizing technology and trying to be innovative, they are doing so on an existing legacy structure that is too expensive, painful and ingrained in their culture to change.”. Costello has also held senior roles at Bank of Florida, City National Bank and Nations Bank during his 30-year banking career.

Florida 91

Florida Community Bank Community FDIC 91

PYMNTS

APRIL 21, 2017

On Friday of last week, Apple secured a self-driving road test permit from the California DMV. Apple now joins 29 other automotive and tech companies who have received test permits in California for self-driving technology. Didi set up an AI lab in California last month, signaling yet another self-driving technology play in the works.

Apple 115

Apple California Software Technology 115

PYMNTS

APRIL 12, 2016

The venture capital industry in the United States raised $12 billion, across 57 funds, in the first quarter of this year, as noted by the National Venture Capital Association (NVCA), in conjunction with Thomson Reuters. Among the most notable activity, 1955 Capital, based in California, grabbed $200 million for its inaugural fund.

United States 100

United States Capital California Industry 100