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Big Tech Compliance Tracker: Tencent Says Big Tech Needs Greater Oversight; Group Seeks To Block Maryland Online Ad Tax

PYMNTS

Group Seeks to Block Maryland Online Advertising Tax. Marylanders for Tax Fairness is preparing for a battle in January over the state’s attempt to make a digital advertising tax, the Baltimore Sun reported. Maryland legislators ratified the tax earlier in 2020, but Gov. Larry Hogan vetoed the levy. Larry Hogan vetoed the levy.

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Another Maryland threat to bank partner model lending

CFPB Monitor

A Maryland administrative action recently removed to the state’s federal district court illustrates how Maryland law continues to present challenges for the bank partner structure used by many lenders. Atlanticus/Fortiva performs all of the collections, servicing, payment and remittance operations in connection with the accounts.

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Slight Uptick Reported In Retail Rent Payments

PYMNTS

Another month of the pandemic and another first of the month when retail lease payments are due. As the crisis enters its fourth month, counting March, two new earnings reports indicate that about 60 percent of retailers are paying their rent — with a few very notable exceptions. percent of retail rent was collected, compared to 48.9

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Neiman Marcus Agrees To Pay $1.5M To Settle Payment Card Breach

PYMNTS

The Maryland Attorney General Brian Frosh announced Tuesday (Jan. 8) that his office, as well as 42 other state attorney generals, have settled with Neiman Marcus over a 2013 breach of customer payment card data at 77 of the retailer’s stores. In a press release , the Maryland AG said Neiman Marcus agreed to pay $1.5

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Sneaker Sales Propel 3Q Surge In Under Armour Earnings

PYMNTS

Patrik Frisk, president and CEO of Under Armour, told The Baltimore Sun that the company is focused on returning to profitability and is planning to invest in eCommerce and company-owned retail outlets. . The brand is also making moves to reel-in the number of brick-and-mortar locations that carry the Under Armour line. .

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Retail Pulse: Framebridge Opens DC Store; Starbucks Hits 30,000-Location Milestone

PYMNTS

and Bethesda, Maryland, that will work to mirror the company’s online experience. location reportedly opened Tuesday (March 19), with the Maryland store to come next month. The coffee chain, which operates in 78 global markets, opened its first store in Seattle in the 1970s. Starbucks Coffee.

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New Main Street Business Plans Restart Optimism In Post-COVID Picture

PYMNTS

Twenty-five percent of Main Street SMBs now say they are operating with capacity restrictions, whereas 38.6 Each has a slightly different take on new retail and ecommerce shopping and payments experiences. percent of SMBs now say they are closed because of the pandemic, compared to 33.9 percent reported the same in March.”.

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