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Illinois Predatory Loan Prevention Act signed into law and now effective

CFPB Monitor

On March 23 , Illinois Governor Pritzker signed into law SB 1792 , which contains the Predatory Loan Prevention Act (the “Act”). The new law became effective immediately upon signing notwithstanding the authority it gives the Illinois Secretary of Financial and Professional Regulation to adopt rules “consistent with [the] Act.”.

Illinois 148
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Amazon (And Others) Brace For India’s New eCommerce Tax

PYMNTS

firms operating on an international scale — is about to get more heated. Last week in India, the government proposed a tax on eCommerce transactions that will likely increase operating costs for sellers large and small. That is up from roughly $50 billion at present, with an estimated 175 million individuals shopping online in 2020.

Taxes 175
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FactorForYou Links SMBs With Factoring Companies

PYMNTS

A new website called FactorForYou has launched that is something of an online dating service for small- to medium-sized business (SMB) owners who want to turn accounts receivable (AR) into cash and the owners of factoring companies that make such transactions happen, according to a press release.

Company 175
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Google Play Policy Changes Will Extend Gambling Apps Across More Countries

PYMNTS

online casino games are only allowed in Delaware, Nevada, New Jersey and Pennsylvania. Sports betting is only allowed in Colorado, Illinois, Indiana, Iowa, Nevada, New Hampshire, New Jersey, Pennsylvania, Rhode Island, Tennessee and West Virginia. . Currently in the U.S., Earlier this month, New York Gov.

Google 168
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Amazon Air Expands In A Bid To Better Manage Shipping Logistics

PYMNTS

Amazon now controls shipping about 26 percent of its online orders, according to Wolfe Research. I think the question is just how quickly they will ramp that operation.”. and this year it’s opening regional hubs in Texas, Ohio, and expanding one in Illinois. The expansion includes a $1.5

Kentucky 182
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Cash Flow Is Still King: Why Microbusinesses Are Turning To Instant Disbursements

PYMNTS

Cash flow is thus still king, according to Caleb Benoit , founder of Illinois-based retail and wholesale coffee company Connect Roasters. The microbusiness seeks to keep most of its payments digital so that operations — and cash flow — can run transparently and smoothly, Benoit said.

US 241
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As The Online Tax Man Cometh, Will Smaller Retailers Embrace Marketplaces?

PYMNTS

consumers are expected to be shopping online by 2021. The ruling meant that online retailers could be mandated to collect sales tax — and taxes can be levied by states on firms that do not have physical presence in those states. More than 230 million U.S. Thus far, a bit more than a year after the ruling, tax policy remains fragmented.

Taxes 116