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Trade groups respond to Nevada regulator and AG in lawsuit challenging Nevada law

CFPB Monitor

We recently provided an update in a case we’ve been following involving a lawsuit challenging a Nevada statute, SB 311, that allows an applicant for credit with no credit history to request that a creditor treat an applicant’s credit history as identical to that of the applicant’s spouse during the marriage.

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Bitcoin Daily: Nevada Tightens Regs On Crypto Kiosks; Barclays And Coinbase Call It Quits

PYMNTS

Nevada is enforcing stricter regulations on cryptocurrency kiosks, and will now require them to have a state money transmission license. BitAML Senior Advisor Annelise Strader told CoinDesk that the state’s regulatory team recently changed its interpretation of what is considered a money transmitter within the state.

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Here is The Math Behind the High-Yield Account

South State Correspondent

If you bank in a fast-growing state such as Nevada, Utah, Idaho, Arizona, Texas, Florida, or South Carolina, population and business formation growth result in lower acquisition costs. New acquisition, sales, marketing, support and management costs drive up the operating cost overtime further hurting profit.

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Bitcoin Daily: Hedgefund Billionaire Plans $1B Crypto Venture; Baton Gets Series A Funding

PYMNTS

Elwood Asset Management — owned by British billionaire and Brevan Howard Founder Alan Howard — is planning a $1 billion venture into the crypto hedge fund space. The asset manager is developing a platform that would tailor portfolios of cryptocurrency funds for institutional investors, the Financial Times reported on Aug.

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Today In Payments: Coronavirus Decimates US Stock Market; Ex-Microsoft Engineer Guilty Of 18 Felonies

PYMNTS

Evolv Ventures (the $100 million venture arm of Kraft Heinz) Managing Partner Bill Pescatello tells Karen Webster how a new investment in Israeli startup Fabric can bring automation to the corner store and help speed deliveries. How One Nevada Credit Union Secures Its Self-Service Innovations. Will Bird’s Payment Plans Take Flight?

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MGM Resorts Appoints Acting Chief Executive Officer

PYMNTS

Hornbuckle is a University of Nevada, Las Vegas graduate and holds a bachelor of science degree in hotel administration. He has also served on the Andre Agassi Foundation and University of Nevada, Las Vegas Foundation boards. He is a Providence Equity Partners senior managing director emeritus.

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Chinese eSports Provider VSPN Raises $60 Million To Expand Overseas

PYMNTS

In a fall interview with The New York Times , Seth Schorr, chief executive of casino-management company Fifth Street Gaming and founder of the Nevada Esports Alliance , said, “I expect that within the next five to 10 years in North America, eSports will be third after the NFL and the NBA in terms of total wagering.”.

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