PYMNTS

AUGUST 17, 2020

In today’s top news, California lawmakers propose a financial watchdog at the state level, and Germany launches an antitrust investigation into Amazon. California Proposes Financial Watchdog Agency. Plus, the Federal Reserve is working with MIT to explore the use of digital currency. Germany Launches Investigation Into Amazon.

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California Massachusetts Apple Fraud 148

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JANUARY 17, 2020

Sezzle , the California-based alternative payments lender, announced Thursday that it was finally approved by the state’s Department of Business Oversight ( DBO ) for a lending license. The DBO’s approval means that Sezzle can now continue to operate seamlessly in the state and continue to act as the leading U.S.-based

California 130

California Lending Trends Payments 130

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

CFPB Monitor

SEPTEMBER 10, 2020

As part of California’s recent triad of consumer financial services legislation, including AB-1864 , which creates the Department of Financial Protection and Innovation and the California Financial Protection Law, and AB-376 , which includes a new Student Loan Borrower Bill of Rights.

California 122

California Regulation Innovation Lending 122

PYMNTS

OCTOBER 12, 2020

billion as of a funding round from last February, and the company is one of the new kinds of financial institutions operating in the digital realms and seeking to become a traditional institution. Revolut's bank charter will be with California, but it will allow the bank to operate anywhere in the U.S., Revolut is valued at $5.5

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San Francisco Wyoming US Utah 268

PYMNTS

MARCH 27, 2020

While the advancement of open banking regulations may be seeing a small skip due to the spread of the coronavirus , many countries saw business and typical banking operations halted right after deciding upon new online privacy rules. Considering t he global nature of COVID-19, regulators outside of the U.S. Security .

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Data Retail US California 199

PYMNTS

MARCH 31, 2020

The necessity of such regulations is undeniable, however, as lagging data standards leave businesses and consumers open to fraud and boost frustration regarding the speed of digital transactions. regulators are searching for solutions that can make the privacy landscape more cohesive, with Sen. Sixty-three percent of U.S.

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Regulation Data US Washington 154

CFPB Monitor

JUNE 1, 2022

The California Privacy Protection Agency (“CPPA”) scheduled a Board Meeting for June 8 th , in which it will be discussing and possibly taking action with regard to the much anticipated CPRA enforcing regulations. To facilitate this discussion, the CPPA included a draft of the proposed regulations as part of the meeting records.

California 78

California Regulation Meeting Operations 78

PYMNTS

DECEMBER 21, 2020

And that businesses operating in Europe can freely and fairly compete online just as they do offline,” top EC regulator Margrethe Vestager said in an announcement. Facebook to Migrate UK Users to California Privacy Agreement Due to Brexit. Facebook will transition its U.K. Facebook will transition its U.K. Facebook’s U.K.

California 143

California social media Apple Google 143

PYMNTS

SEPTEMBER 25, 2019

The legislation aims to ensure that state-authorized and regulated cannabis businesses are not forced to operate with cash only. Committee Chairwoman Maxine Waters of California voiced her support of the legislation, as well as calling for the House Judiciary Committee to advance legislation to address the criminalization of marijuana.

Ohio 235

Ohio Colorado Washington California 235

PYMNTS

SEPTEMBER 26, 2016

The high fees charged by private firms that are hired by the courts to operate e-filing systems and that are often passed onto consumers who pay with a credit card have been capped by a bill approved by California Governor Jerry Brown on Sept. Convenience fees charged by Tyler range from 2.75 percent to 3.5 There were 7.5

California 100

California Cards Sacramento Texas 100

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

PYMNTS

MAY 24, 2019

Microsoft , for one, recently made a major move by acquiring Express Logic , a California-based company that develops operating systems for microcontrollers, which are key components of many IoT devices. Currently, Express Logic operating systems are installed in 6.2 billion IoT devices globally.

California 188

California San Francisco Charlotte Security 188

PYMNTS

FEBRUARY 13, 2019

The Colorado Department of Revenue has revealed that the state’s regulated marijuana industry sales have topped $6 billion since sales began in 2014. Last year, regulated marijuana sales in Colorado were nearly $1.55 In comparison, California ‘s marijuana market has struggled since sales began in January 2018.

Industry 155

Industry Colorado Taxes California 155

CFPB Monitor

MAY 3, 2021

On April 23, 2021, the California Department of Financial Protection and Innovation (“DFPI”) issued proposed regulations to implement the Debt Collection Licensing Act (“DCLA”). Section 1850.9 – Requires fingerprinting through the California Department of Justice. Spring Street, Suite 15513, Los Angeles, California 90013.

California 78

California Regulation Los Angeles Innovation 78

PYMNTS

JANUARY 12, 2020

Uber will cease operating in Colombia at the end of the month, the company said in a statement. But the fact that the ruling caused the company to suspend services in the country shows that regulation has the power to seriously hamper companies as large as Uber.

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Regulation Operations Company Marketing 146

PYMNTS

OCTOBER 7, 2019

California Governor Gavin Newsom has signed legislation allowing for the establishment of public banks in the state, and advocates in San Francisco are jumping at the opportunity. Small businesses are another top focus for proponents of public banks, particularly in California’s legal marijuana industry.

San Francisco 101

San Francisco California North Dakota Community 101

PYMNTS

NOVEMBER 26, 2018

The lawsuit was moved to a federal court in California last week. According to the court documents, Blue Apron’s website states that “we win together, not alone; we operate with integrity.”. “If Blue Apron has food processing plants in New Jersey, Texas, and California, where this suit was filed.

California 169

California Iowa Arkansas New Jersey 169

PYMNTS

FEBRUARY 19, 2018

Across the industry, from carmakers and road regulators to bike share programs, companies are looking to unattended retail tech to improve efficiency and unlock new revenue opportunities. Government agencies regulating the roads want to get their hands on unattended retail technology as well. Going unattended to get more convenient.

California 109

California Report Sacramento Retail 109

CFPB Monitor

APRIL 5, 2019

The California Department of Business Oversight has sent an email to servicers notifying them of the publication of its final student loan servicer regulations , which became effective March 28, 2019. Servicers have been operating without final rules since the Student Loan Servicing Act became effective on July 1, 2018.

California 68

California Regulation Compliance Operations 68

PYMNTS

JULY 24, 2020

In February, Revolut raised $500 million in a round led by Menlo Park, California-based TCV, one of the largest growth equity firms. The latest infusion of cash comes from TSG Consumer Partners , a San Francisco-based private equity company, TechCrunch reported. Last week, Revolut, which recently debuted in the U.S.

San Francisco 255

San Francisco Fintech cryptocurrency New York 255

PYMNTS

JANUARY 3, 2020

California has passed the California Consumer Privacy Act (CCPA), a sweeping law that forces companies to tell customers about the data they gather about them, and to allow customers to opt out of those practices. Even the attorney general is still figuring out specifics and probably won’t start enforcing the law until July.

CA 133

CA Data California Capital 133

PYMNTS

JANUARY 3, 2020

California has passed the California Consumer Privacy Act (CCPA), a sweeping law that forces companies to tell customers about the data they gather about them, and to allow customers to opt out of those practices. Even the attorney general is still figuring out specifics and probably won’t start enforcing the law until July.

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Compliance CA California Data 131

PYMNTS

DECEMBER 15, 2020

Six weeks after securing passage of the Proposition 22 ballot measure that overturned a California law requiring part-time workers to be reclassified as employees, two of its biggest backers have rolled out new fees to offset expenses related to additional worker benefits. Uber said it will add surcharges of up to $1.50

California 227

California New York Taxes Illinois 227

CFPB Monitor

JUNE 15, 2022

The California Department of Financial Protection and Innovation (DFPI) has issued proposed regulations to implement provisions of the California Consumer Financial Protection Law (CCFPL) pertaining to consumer complaints and inquiries. Comments are due by July 5, 2022. Highlights of the proposal include: Complaint Initiation.

California 78

California Regulation Report Policies 78

PYMNTS

MAY 4, 2017

Then, companies working to develop the technological means for cars to drive themselves have levied more than a few criticisms against proposed regulation changes in the state of California. sales operations. Apple, for one, is hoping that California will work to toughen some of its current self-driving road test policies.

California 100

California Policies Company Apple 100

PYMNTS

DECEMBER 12, 2016

9), Michigan became the first state in the union to pass statewide, comprehensive self-driving vehicle regulations that allow autonomous vehicles to drive … well, autonomously. As of now, only motor vehicle manufacturers can operate self-driving car networks in Michigan. On Friday of last week (Dec.

Michigan 100

Michigan Regulation Florida Apple 100

PYMNTS

AUGUST 25, 2016

That focus provides insights into the direct link between lenders, their SME borrowers and the communities in which those businesses operate. But Clearinghouse CDFI can also offer interesting insight into the state of regulation of small business lending and how greater oversight may impact the SMEs that prop up their local communities.

Regulation 100

Regulation Lending Community California 100

CFPB Monitor

SEPTEMBER 18, 2023

As readers may recall, California previously attempted to enact a “Digital Financial Assets Law” with the introduction of AB 2269 in February 2022. Continue Reading

California 78

California Operations Report Regulation 78

PYMNTS

JANUARY 11, 2019

Excuse the hyperbole, but Google (and other search engines) dodged a bullet this week when it came to privacy regulations that come out of the European Union and then influence other jurisdictions. Google ran afoul of France’s national privacy regulator about three years ago for allegedly violating that right. One example?

Google 191

Google Regulation Course California 191

PYMNTS

OCTOBER 4, 2020

As the Department of Justice (DOJ) prepares a potential antitrust lawsuit against Google , dozens of India’s technology startups are considering ways to challenge the Mountain View, California-based tech giant’s dominance, Reuters reported, citing sources. Startups said they plan to lodge complaints in court and with government regulators.

Google 208

Google Video Policies California 208

PYMNTS

MARCH 18, 2020

The Federal Deposit Insurance Corporation ( FDIC ) is setting new regulations for FinTechs and industrial banks that will enhance transparency and establish record-keeping requirements, the agency said on Tuesday (March 17). In 1987, parent banks were allowed to bypass FDIC oversight and regulations. .

FDIC 142

FDIC Fintech Industry Regulation 142

PYMNTS

JULY 13, 2020

The nation’s banks hoping to use COVID-19 as an excuse to shutter branches or get permanent concessions from regulators better think again, the Financial Times reported. Department of Treasury, told the newspaper he was not prepared to revisit the fundamentals of bank regulations as a result of the pandemic. Brooks told U.S.

San Francisco 172

San Francisco Regulation California National 172

PYMNTS

OCTOBER 5, 2020

Reuters reported the Mountain View, California-based tech company said it will enforce the global policy more strictly, including a 30 percent commission fee for in-app purchases from Indian developers starting on March 31, noting it is mindful of local needs and concerns. The controversy began last week when Google announced the Sept.

Google 194

Google Video Policies System 194

PYMNTS

DECEMBER 27, 2020

Binance KR will cease operations because of low usage and volume with limited trading pairs of BKRW. Suarez has also pushed for Silicon Valley tech experts not happy with California's regulations to move to his city instead. The new partnership will do well for the mass-adoption of crypto, the company anticipates.

Bitcoin 254

Bitcoin Miami cryptocurrency ATM 254

CFPB Monitor

JUNE 2, 2022

In a surprising development, the California Privacy Protection Agency (CPPA) published proposed amendments to the CCPA regulations recently. The proposed amendments—which in effect are the draft CPRA regulations—were issued without advance notice, ahead of the schedule previously announced by the CPPA. .

Regulation 78

Regulation California Exercises Compliance 78

PYMNTS

AUGUST 30, 2019

In related news, the California-based blockchain Baton Systems said it has received $12 million in series A funding led by Trinity Ventures, Venture Beat reported. . Howard is launching a $1 billion endeavor for specially-designed cryptocurrency hedge fund portfolios. Artbloc will sell high-end art to the public,” Kim said.

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Bitcoin Nevada cryptocurrency ATM 188