Bank Innovation

FEBRUARY 26, 2020

failed to persuade a judge to throw out a proposed class-action lawsuit that the blockchain payment services provider said could topple the market for XRP, the world’s third-largest virtual currency. Ripple Labs Inc.

Oakland 195

Oakland Marketing California blockchain 195

CFPB Monitor

SEPTEMBER 30, 2020

California Governor Gavin Newsom has signed into law the Student Borrower Bill of Rights, AB 376 , as part of a package of consumer protection legislation. Like the licensing law, the Act applies to servicers located in California or whose activities are “directed to” persons inside California.

California 148

California Policies Regulation Payments 148

PYMNTS

NOVEMBER 18, 2019

Legislation in California that aims to expand worker protections for so-called gig economy workers has led to a debate in the state’s freight services market and a lawsuit hoping to block the law. New legislation in California, set to take effect in January, was met with resistance from the California Trucking Association (CTA), Yahoo!

California 100

California Operations Groups Industry 100

American Banker

JULY 25, 2023

Post-merger Banc of California will target "in-market relationship banking" by focusing on treasury management services and loan growth to boost "low-cost" commercial deposits, CEO Jared Wolff said.

California 69

California Management Marketing 69

PYMNTS

NOVEMBER 4, 2020

5) just as the company’s stock is soaring on the election victory of Proposition 22, a California referendum to exempt ridesharing companies from the state’s AB 5 gig worker law. Shares of Uber and other gig economy companies were rallying a day after California voters backed Prop 22. London Reprieve.

California 162

California United States Company Report 162

PYMNTS

JANUARY 29, 2018

California is pressing forward with efforts to provide legal banking services to marijuana businesses as cannabis companies struggle to get banked. Reports in The San Francisco Chronicle said California policymakers introduced a bill last Thursday (Jan.

California 112

California San Francisco Taxes Conference 112

PYMNTS

JUNE 10, 2019

Certified Professional Accountants (CPAs) in California are calling on an industry watchdog to clarify standards for cryptocurrency accounting, with expectations that corporations will increase their use of cryptocurrencies moving forward. GAAP,” the letter stated.

California 128

California cryptocurrency Taxes Report 128

PYMNTS

JANUARY 24, 2019

In a press release , Fundation said it is collaborating with Banc of California to develop a streamlined, digital small business lending and line of credit solution that the bank can offer to its small business clients. SMBs can use the tool to apply for financing through an online application on the Banc of California website.

California 122

California Lending FDIC Online 122

PYMNTS

AUGUST 28, 2019

At the time, Labor Department official Keith Sonderling said the decision “offers further insight into the nexus of current labor law and innovations in the job market.”. California Trucking Weighs In. Trucking companies in California say the proposal under Assembly Bill 5 is likely to lead to supply chain disruptions.

California 116

California Taxes Industry New York 116

PYMNTS

FEBRUARY 25, 2016

24) that it has launched in California. s fasted growing startup, WorldRemit said it has set its sights on California, as the state is home to one in four migrants in the U.S. California will also stand as the company’s second largest market to date. Mobile money transfer service WorldRemit announced Wednesday (Feb.

California 100

California Mobile Marketing Strategy 100

TheGuardian

MAY 4, 2023

Banks seek to calm markets as investors fear repeat of First Republic and SVB failures The California lender PacWest has sought to calm markets and said it is in talks with several potential investors as its shares plummeted by as much as 60%, reigniting fears about a US banking crisis.

California 77

California US Regional Marketing 77

CFPB Monitor

MARCH 15, 2022

In 2019, California enacted AB 539 which, effective January 1, 2020, limited 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. Section 160.110(d).

California 78

California Innovation Utah West Virginia 78

SWBC's LenderHub

JUNE 29, 2020

Florida, Texas, Arizona, and California dominated the headlines, as it certainly appears that the so-called “First Wave” of the virus has not ended yet. COVID-19 has pounced on some of our largest population centers that began relatively aggressive economic re-opening campaigns in mid to late May.

Marketing 148

Marketing Arizona United States Florida 148

CFPB Monitor

JANUARY 12, 2021

The California Consumer Financial Protection Law (CCFPL) became effective on January 1, 2021. The CCFPL gives the California Department of Financial Protection and Innovation (DFPI) (the new name given to the state’s Department of Business Oversight) broad jurisdiction and sweeping new authorities that closely resemble those of the CFPB.

Exercises 127

Exercises California Innovation Financial Technology 127

CFPB Monitor

DECEMBER 21, 2021

Last week, the California Department of Financial Protection and Innovation (DFPI) announced that it had entered into a consent order with Wheels Financial Group, LLC d/b/a LoanMart, a California-based company that markets and services automobile title loans. LoanMart holds a CFL license.

California 78

California Utah FDIC Regulation 78

CFPB Monitor

AUGUST 10, 2021

The California Department of Financial Protection and Innovation (DFPI) has issued proposed amendments to its regulations implementing the Pilot Program for Increased Access to Responsible Small Dollar Loans (Pilot Program). The Pilot Program operates under the California Financing Law (CFL) and is administered by the DFPI.

California 78

California Regulation CA Innovation 78

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

JANUARY 18, 2019

In an effort to halt Volvo from offering cars to consumers through subscriptions, the California New Car Dealers Association (CNCDA) filed a petition with the New Motor Vehicle Board in the state. The CNCDA represents over 1,000 franchised dealers of cars and trucks in California, The Verge reported.

California 115

California Groups Trends Marketing 115

Current

DECEMBER 9, 2020

California unemployment benefits could help to see you through until your next job arrives. But signing up for California unemployment benefits can seem like a job in and of itself. In 2020, California unemployment benefits were critical for many people. In May 2020, for example, California's unemployment rate was 16.3%.

California 52

California Taxes Online Meeting 52

PYMNTS

SEPTEMBER 9, 2019

The issue has been a contentious one since the California State Assembly passed the controversial bill earlier this year. But California’s state courts saw the issue somewhat differently. The AB 5 has passed the California State Senate’s Appropriations Committee and is now set to move to the floor for a full vote.

California 121

California San Diego Los Angeles Sacramento 121

PYMNTS

MAY 2, 2019

” According to Fortune , the company will test the service in 18 markets: Austin, Texas; Charlotte, North Carolina; Chicago, Illinois; Dallas-Ft. .” ” According to Fortune , the company will test the service in 18 markets: Austin, Texas; Charlotte, North Carolina; Chicago, Illinois; Dallas-Ft.

St. Louis 129

St. Louis San Antonio San Diego Los Angeles 129

PYMNTS

NOVEMBER 8, 2018

Leafbuyer Technologies, the cannabis technology company, announced Thursday (November 8) it has acquired Greenlight Technologies, a California-based application development company. Leafbuyer noted in the press release that the acquisition more than doubles Leafbuyer’s client base in California. “We

Technology 147

Technology Marketing California Colorado 147

CFPB Monitor

FEBRUARY 5, 2021

Yesterday, the California DFPI issued an invitation for stakeholders to provide input on rulemaking to implement the recently-effective California Consumer Financial Protection Law (CCFPL). Comments are due by March 8, 2021. As the invitation notes, pursuant to Cal.

California 78

California Los Angeles Regulation Resources 78

PYMNTS

DECEMBER 21, 2020

EU Unveils First Drafts of Digital Markets and Digital Services Acts. The proposed Digital Markets Act (DMA) deals with the negative effects of some actions by platforms functioning as “gatekeepers” to a single market, according to the EC. Facebook to Migrate UK Users to California Privacy Agreement Due to Brexit.

California 143

California social media Apple Google 143

CFPB Monitor

NOVEMBER 12, 2020

Last week, the CFPB filed a lawsuit in a California federal district court against Performance SLC LLC, Performance Settlement, and Daniel Crenshaw, the owner and CEO of the two companies. Performance SLC is a debt-settlement company focused on federal student loan debt, and Performance Settlement is also a debt-settlement company.

California 148

California Company Marketing Payments 148

TheGuardian

MARCH 10, 2023

FTSE 100 down almost 2% as troubles at tech-focused lender Silicon Valley Bank cause ripples An overnight sell-off of US banking stocks, sparked by troubles at the tech-focused lender Silicon Valley Bank (SVB), has seeped into European markets and sent the FTSE 100 down almost 2% on Friday.

US 80

US Marketing California Lending 80

PYMNTS

JUNE 10, 2020

trillion market capitalization, 9to5Mac reported. . Last week, Apple inched closer to the all-time high market cap when its stock sold at $326 a share. Market capitalization is the share price multiplied by the number of outstanding shares of the company’s stock, which yields the company’s overall stock market value.

Apple 134

Apple San Jose Los Angeles Marketing 134

PYMNTS

FEBRUARY 2, 2017

California Pizza Kitchen has taken notice of this and has decided to raise the bar in its current mobile app, CPK Pizza Dough Rewards. By eliminating the post-meal waiting time, California Pizza Kitchen has placed value on both customers’ experience level and time. “We On Wednesday (Feb.

California 100

California Mobile Customer Experience Meeting 100

PYMNTS

AUGUST 3, 2017

The superstore has seen success in Seattle, Oklahoma City, and 10 locations throughout California, but it is expanding the number of locations in the Golden State. Walmart’s eCommerce market coach, Susan Vanderlip, commented on these new locations to The Orange County Registe r.

California 100

California Oklahoma City Oklahoma Seattle 100

PYMNTS

AUGUST 15, 2018

Headquartered in Orange County, California and founded in 2003, CashCall is a big firm that consumers likely know best from its early commercials featuring the late Gary Coleman. During its 15 years in business, the firm grew up to be the largest lender of its kind in the state of California. The California Court Loss.

Lending 101

Lending California Marketing San Francisco 101

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.

Utah 78

Utah California FDIC West Virginia 78

PYMNTS

SEPTEMBER 28, 2020

Despite an order from the European Union ’s antitrust watchdog to curb its anticompetitive practices, Google continues to boost its market power, according to Reuters , which cited a study released Monday (Sept. In 2017, the European Commission , responsible for managing the day-to-day business of the EU, fined Google 2.4 billion euros ($2.8

Google 192

Google Study Marketing Comparison 192

CFPB Monitor

SEPTEMBER 8, 2020

We previously wrote about California Governor Newsom’s 2020-2021 Budget and an accompanying trailer bill that would rename the Department of Business Oversight (“DBO”) and significantly increase its ability to oversee financial services providers in the state. California Consumer Financial Protection Law. Register here. the “CFPA”).

California 78

California Innovation Regulation Report 78

PYMNTS

MARCH 22, 2020

San Francisco crypto exchange Coinbase saw a spike in traffic and a surge of $2 billion during one 24-hour period amid the chaotic strife of the coronavirus-ridden markets. Other crypto companies have struggled with outages, market deficiencies and other issues.

Marketing 160

Marketing San Francisco Bitcoin California 160

PYMNTS

MAY 10, 2020

California lawmakers have introduced a bill that would attempt to more clearly define how cryptocurrency is meant to be treated, and definitively determine if it is an investment contract. Global Stock Exchange works with blockchain solutions to boost exchanges and cooperation between the cryptocurrency market and traditional ones.

Bitcoin 168

Bitcoin Security Marketing cryptocurrency 168

SWBC's LenderHub

JULY 13, 2020

Nationwide, daily COVID cases rose to 60,000 per day with Texas, Florida, Arizona, and California leading the way. If this looks familiar to last week’s market summary… it is! We just replaced “holiday-shortened week” and instead of 50,000 COVID cases a day, we are now at 60,000.

Marketing 78

Marketing Arizona Florida Texas 78

American Banker

JULY 14, 2023

Visa wants to expand in-car payments tech; Citizens Financial installs president to oversee growing California market; undergrads win banking competition and more in the weekly banking news roundup.

California 36

California Marketing Payments 36