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Massachusetts Mutual To Buy FinTech RIA Platform Flourish

PYMNTS

Massachusetts Mutual Life Insurance Company (MassMutual) has agreed with Stone Ridge Asset Management , which has over $10 billion in assets under management (AUM), for MassMutual to acquire FinTech registered investment advisor (RIA) platform Flourish , according to a press release.

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Massachusetts Regulators To Crack Down On Robinhood

PYMNTS

Robinhood has come under the watchful eye of regulators — this time in Massachusetts. The complaint is from the office of William Galvin, Massachusetts secretary of state. We are committed to operating with integrity, transparency and in compliance with all applicable laws and regulations.”.

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Massachusetts Files Suit Against Uber, Lyft On Drivers’ Status

PYMNTS

Massachusetts is the second state to declare that Uber and Lyft drivers should be deemed employees under state wage and hour laws, the Attorney General’s Office announced on Tuesday (July 14). . Attorney General Maura Healey’s Fair Labor Division has filed suit for declaratory judgment in Suffolk Superior Court against Uber Technologies Inc.

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Massachusetts Throws Daily Fantasy Sports A Bone

PYMNTS

The Boston Globe reported that Massachusetts decided Friday (March 25) to establish a set of regulations that would allow Boston-based DraftKings and FanDuel to continue to operate within the state. The latest development, however, seems to fall in favor of the pro-daily fantasy sports camp.

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FTC Shuts Down Debt Collector as Part of “Operation Corrupt Collector”

CFPB Monitor

A Georgia federal district court has entered a temporary restraining order against a Georgia-based debt collection operation in response to a complaint filed by the Federal Trade Commission. In addition to the FTC’s actions, Operation Corrupt Collector includes two cases filed by the CFPB, three criminal cases brought by the U.S.

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Nordea Uses Biometrics Authentication to Protect Consumer Data

Bank Innovation

For this, Nordea has tapped Massachusetts based-biometrics security company Veridium, according to today’s announcement. Norwegian bank, Nordea is replacing token passwords with biometric authentication for its employees dealing with confidential customer data.

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Branch Banking Going Digital-First For Safety And Relevance

PYMNTS

“Almost overnight, many [banks] had to stand up systems and set up processes that would allow them to service small business PPP loans, their digital solutions were pushed to the brink and they had to learn how to operate almost 100 percent remote,” Douglas Brown, senior vice president and general manager NCR Corporation, told PYMNTS.

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