CFPB Monitor

APRIL 6, 2021

The Illinois Department of Financial and Professional Regulation (DFPR) has issued Predatory Loan Prevention Act Frequently Asked Questions (PLPA). The bill containing the PLPA also amended the Illinois Consumer Installment Loan Act (CILA) and the Payday Loan Reform Act (PLRA) to apply this same 36% MAPR cap.).

Illinois 78

Illinois Regulation Report Lending 78

PYMNTS

SEPTEMBER 28, 2020

In a case that’s being closely, quietly observed by the eCommerce and legislative worlds, NBC Chicago reported last week that “following a $650 million settlement in a lawsuit filed against social media giant Facebook, Illinois residents who have accounts with the website can now file claims for payouts potentially ranging from $200 to $400.”

Taxes 162

Taxes Compliance Illinois Las Vegas 162

PYMNTS

NOVEMBER 13, 2020

13) as part of its Q3 results that Monthly Unique Payers (“MUPs”) for its business-to-consumer (B2C) operation surged 64 percent in contrast to Q3 2019. DraftKings rolled out iGaming in West Virginia and mobile sports betting in Illinois in Q3. In a sign of a continued rise in gaming amid the pandemic, DraftKings Inc.

West Virginia 162

West Virginia Illinois Tennessee Virginia 162

PYMNTS

OCTOBER 11, 2020

B2B Industrial is based in Illinois, while AMW is based in Arizona. Current B2B Industrial President Bill Drake will assume the role of CEO of operations of the combined companies, while current AMW Packaging CEO Chuck Farguson will take over as president of B2B Industrial's west operations, the release stated.

Industry 181

Industry Arizona Phoenix Illinois 181

PYMNTS

FEBRUARY 10, 2020

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. The jousting over eCommerce taxes — especially for U.S.

Taxes 175

Taxes Illinois Operations Study 175

CFPB Monitor

JUNE 14, 2021

In March 2021, 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 Department of Financial and Professional Regulation (“IDFPR”) to adopt rules “consistent with [the] Act.”.

Illinois 78

Illinois Regulation Report Lending 78

PYMNTS

DECEMBER 28, 2016

The first opening will take place in Frisco, Texas next March, followed by Indianapolis, Indiana; Lexington, Kentucky; Schaumburg, Illinois; Boulder, Colorado; and Portland, Oregon in the second quarter of 2017. Less is more,” Dustin Netral, SVP of operations for Fabletics, said in a press release.

San Diego 190

San Diego San Jose San Francisco Indianapolis 190

PYMNTS

NOVEMBER 15, 2020

FactorForYou operates in California, Florida, Illinois, New Jersey, New York, Ohio and Texas. Its website implies it may operate in additional states at some point. Factoring companies buy the receivables of businesses and then set about collecting the owed funds or re-selling the obligations.

Company 175

Company New Jersey Illinois Ohio 175

CFPB Monitor

JANUARY 19, 2021

On January 13, 2021, the Illinois legislature overwhelmingly passed SB 1792 (the “Act”), intended to, among other things, overhaul the state’s consumer finance laws. SB 1792 separately amends the Illinois Consumer Installment Loan Act and the Payday Loan Reform Act to apply this same 36% MAPR cap.)

Illinois 60

Illinois Retail Operations Lending 60

PYMNTS

NOVEMBER 9, 2020

For instance, shares of Brinker International, which operates or franchises about 1,600 Chili’s Grill and Bar locations and other eateries, were up 15 percent as of midday Monday. Shares of Domino’s Pizza , which operates 17,000 stores, and Papa John’s International, which has about 5,500 pizza shops, were both down about 5.5

Kentucky 253

Kentucky Survey New Jersey Dallas 253

PYMNTS

OCTOBER 8, 2020

is launching two “ghost kitchens” in its stores in partnership with Indianapolis-based ClusterTruck , which operates delivery-only restaurants. The operation will deliver restaurant-quality food from a menu of 80 meals. an Illinois-based foodservice distributor, announced its plans to help restaurant operators launch ghost kitchens.

Indianapolis 151

Indianapolis Columbus Indiana Denver 151

PYMNTS

SEPTEMBER 23, 2019

Two Apple iOS 13 users took to Reddit to share some payment security issues they faced when using the tech giant’s newest iteration of its operating system, according to reports. A woman’s from Illinois. Apple has already announced it will release iOS 13.1 on Tuesday (Sept. 24) to fix problems concerning reliability and usability.

Apple 193

Apple Security Report Payments 193

PYMNTS

FEBRUARY 15, 2019

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. “We think that Amazon will be a top logistics provider, whether it’s in trucking or in air, in the coming years.

Kentucky 182

Kentucky Management Illinois Ohio 182

PYMNTS

JANUARY 29, 2021

Sports betting is only allowed in Colorado, Illinois, Indiana, Iowa, Nevada, New Hampshire, New Jersey, Pennsylvania, Rhode Island, Tennessee and West Virginia. . As soon as the new Play Store policy goes into effect, DraftKings said in a statement to Google9to5 that it would bring its Sportsbook & Casino app to the U.S.

Google 168

Google Policies Rhode Island West Virginia 168

PYMNTS

FEBRUARY 6, 2020

Signature Bank is a relationship-based commercial bank headquartered in Rosemont, Illinois. percent would like to integrate ePayables with virtual cards into their broader B2B operations. .” Businesses don’t have to be customers of Signature Bank to use Finrails AP. It is owned by Signature Bancorporation, Inc.,

Illinois 167

Illinois Chicago Cards Payments 167

PYMNTS

MAY 26, 2020

The owner/operator of 85 shopping centers in California, Colorado and Illinois said shoppers are returning to recently reopened malls, but they’re not lingering, according to a CNBC report.

Groups 205

Groups California Colorado Illinois 205

PYMNTS

SEPTEMBER 18, 2020

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

US Payments Illinois Operations 241

PYMNTS

SEPTEMBER 24, 2019

Just one day ago, it was reported that two Apple iOS 13 users experienced payment security issues when using the tech giant’s newest iteration of its operating system. A woman’s from Illinois. Reddit user Thanamite said: “I got my iPhone 11 Pro Max yesterday. I set everything up and it sure is a great phone.

Apple 158

Apple Data Illinois Cards 158

PYMNTS

SEPTEMBER 11, 2019

Illinois-based daVinci Payments has announced it is releasing a Chinese Yuan (CNY) corporate-funded prepaid card for employees or customers of multi-national corporations. The launch makes daVinci, formerly Swift Prepaid, the first North American program manager with this offering. Peoples Trust of Canada is the product issuer. “At

Cards 147

Cards Payments Illinois National 147

PYMNTS

MAY 11, 2017

Digital car shopping and vending company Carvana has announced its plans to expand into its first Illinois location in Chicago. Here are the numbers: 25 | Number of markets Carvana now operates in. Car buying just got easier for midwesterners. 13 million | Amount of Chicago-area residents that have access to Carvana’s services.

Chicago 100

Chicago Illinois Data Operations 100

PYMNTS

JANUARY 4, 2017

The total roster now claims more than 1,600 banks and credit unions domestically, said the site, even as 35 percent of retailers in the U.S. support Apple Pay.

Apple 117

Apple Arkansas Indiana Utah 117

PYMNTS

MAY 26, 2020

The owner/operator of 85 shopping centers in California, Colorado and Illinois said shoppers are returning to recently reopened malls, but they’re not lingering, according to a CNBC report.

California 185

California Colorado Illinois Resources 185

PYMNTS

MAY 27, 2020

As The Wall Street Journal reported, the eatery hoped to avert a complete liquidation of its 98 locations in New York, the Mid-Atlantic, California, Illinois and Florida with a proposed $3 million sale of the business to Aurify Brands LLC. Effective today, we are pausing our operations, company-wide.

Florida 131

Florida New York New York City Delaware 131

PYMNTS

JULY 10, 2020

Open banking comes in several flavors, yet its rise requires robust Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures, Zac Cohen , chief operating officer at identity verification firm Trulioo told Karen Webster in a recent interview. Webster noted that KYC and AML procedures aren’t governed by global standards.

Data 272

Data Innovation Fintech Illinois 272

PYMNTS

JANUARY 21, 2020

They will operate under the logo and name of High Times. Illinois, for its part, became the newest state to legalize weed on Jan. Illinois, for its part, became the newest state to legalize weed on Jan. At the same time, different state laws make it a difficult space in which to operate. Hightimes Holding Corp.

Las Vegas 131

Las Vegas Los Angeles Illinois Retail 131

PYMNTS

SEPTEMBER 17, 2020

Instant payments are not always freely available to microbusinesses, however, which could cause them challenges as they attempt to keep their operations afloat. These SMBs have been hit especially hard by the ongoing health crisis, meaning any hiccups in their payment processes could have devastating effects on their operations.

Illinois 195

Illinois United States Payments Trends 195

PYMNTS

OCTOBER 11, 2018

In a conference call with analysts, Walgreens Boots Alliance Co-Chief Operating Officer Alexander Gourlay noted that its pharmacy business has exhibited a particularly strong performance: “In the last year, we filled the highest number of prescriptions in Walgreens history,” Gourlay said. on Thursday (Oct. Partnerships and Collaborations.

Illinois 139

Illinois Retail Florida Texas 139

PYMNTS

APRIL 27, 2020

Illinois, Louisiana, New York, New Jersey, Los Angeles and Miami — credit card spending was down almost 34 percent. PSCU EVP and Chief Operating Officer Tom Gandre contributed to Black Swan , a special report exclusively from PYMNTS. percent, PSCU noted. Debit card transactions were down 2.4

Los Angeles 150

Los Angeles Louisiana New Jersey Connecticut 150

PYMNTS

JULY 13, 2020

June was the top month this year for such filings, with 131 overall, and many were filed in the hardest-hit states like Florida, Texas, California, New York and Illinois. The new law could prove to be a boon for the numerous smaller businesses looking to file for bankruptcy over the coming months due to pandemic-fueled economic difficulties.

Texas 156

Texas Illinois Florida New York 156

PYMNTS

FEBRUARY 6, 2018

The Conference of State Bank Supervisors (CSBS), through which these states are working, said Tuesday that seven states — which include Georgia, Illinois, Kansas, Massachusetts, Texas, Tennessee and Washington — have agreed to standardize licensing processes that are in place in order to provide money licensing services.

Fintech 118

Fintech US Tennessee Washington 118

PYMNTS

MAY 2, 2019

Convenience store operator 7-Eleven is launching beer and cider delivery in select U.S. ” According to Fortune , the company will test the service in 18 markets: Austin, Texas; Charlotte, North Carolina; Chicago, Illinois; Dallas-Ft. .” Customers can place their beer orders via the 7Now app.

St. Louis 129

St. Louis San Antonio San Diego Los Angeles 129

PYMNTS

MAY 8, 2020

Brookfield also spent time grabbing Las Vegas-based Fashion Show and Illinois’ Oakbrook Center in recent years. After the pandemic, malls may be looking at operating with fewer employees and reduced hours. GGP had previously teamed with Simon Property Group, the biggest mall owner in the country, to buy Aeropostale.

Retail 141

Retail Las Vegas Illinois Groups 141

PYMNTS

DECEMBER 30, 2019

Similarly, Illinois is eying close to $400 million in new annual sales tax revenue on ecommerce items shipped into the state. A plan backed by the Illinois Retail Merchants Association places the burden on sales tax collection on the marketplaces, which will then settle up with the state Department of Revenue. Implementation.

Taxes 130

Taxes Alaska South Dakota South Carolina 130

PYMNTS

DECEMBER 14, 2017

“Continuing to expand our brick-and-mortar footprint is an important part of our strategy to be the most convenient, best-in-class pet retailer,” said Brian Amkraut, executive vice president of store operations for PetSmart. “In In addition to our store growth, we continue to take steps to further enhance the customer experience.

Puerto Rico 109

Puerto Rico South Carolina New Hampshire Idaho 109

PYMNTS

FEBRUARY 4, 2019

A report earlier this week from The Intercept detailed how prison operators in New York, Texas, Arizona, Florida and Arkansas are using — or want to use — voice prints from inmates (and, apparently, not always with the full knowledge of those prisoners). Voice-Print Efforts.

Fraud 161

Fraud Illinois Retail Security 161

PYMNTS

MARCH 25, 2019

Beyond the CFPB, and at the state level in Illinois, a state Senate committee last week voted to approve legislation that would keep state banking regulators from punishing financial institutions, including banks and credit unions, for doing business with medical marijuana enterprises. This is still illegal federally.”

Lending 128

Lending Illinois Compliance Chicago 128

Abrigo

MARCH 31, 2020

Speed is the operative word; applications for the emergency capital can begin as early as this week, with lenders using their own systems and processes to make these loans. The link to the form on the Treasury Department website was operable for a time Tuesday, then was not working later.

How To 195

How To Lending Illinois System 195