PYMNTS

APRIL 5, 2018

A judge has ruled that the state of Massachusetts can move forward with its lawsuit against Equifax. The breach resulted in several lawsuits filed against Equifax, including one by Massachusetts Attorney General Maura Healey. These allegations state a viable claim for violation of the data security regulations,” Salinger wrote.

Massachusetts 109

Massachusetts Boston Data Security 109

CFPB Monitor

OCTOBER 1, 2021

The Division of Banks of the Massachusetts Office of Consumer Affairs and Business Regulation has issued a supervisory alert to warn financial institutions of the potential legal and regulatory risks arising from NSF fees charged on the representment of unpaid transactions.

Massachusetts 78

Massachusetts Regulation Compliance Payments 78

PYMNTS

JUNE 25, 2018

MetLife was charged with making false statements to investors on Monday (June 25) by the securities regulator in Massachusetts. After an investigation, the state regulator lodged the charges against the company after MetLife said in December it didn’t make payments to retirees.

Massachusetts 108

Massachusetts Regulation Security New York 108

PYMNTS

APRIL 1, 2016

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. Although they don’t agree with every 
regulation, they’ve already started to comply and they 
will comply.”.

Massachusetts 100

Massachusetts Boston Regulation Operations 100

PYMNTS

JANUARY 8, 2021

16, Massachusetts securities regulators filed a complaint against Robinhood alleging that the company aggressively marketed to inexperienced investors and failed to implement controls to protect them, violating state laws and regulations.

Massachusetts 363

Massachusetts Fintech Millennials Retail 363

CFPB Monitor

NOVEMBER 5, 2018

It has been reported that, without announcement or warning, the regulations applicable to third-party debt collectors in Massachusetts may have changed. Such a change could have significant implications because the AG’s rules differ from the DOB’s rules.

Massachusetts 68

Massachusetts Regulation Examples Groups 68

PYMNTS

MAY 1, 2018

Regulators in the U.S. are considering the regulation of digital tokens outside bitcoin. The Wall Street Journal reported that the inquiry is focused on the cryptocurrency Ethereum, which hasn’t been in the crosshairs of regulators as of yet.

Regulation 104

Regulation Bitcoin cryptocurrency Massachusetts 104

Perficient

MARCH 22, 2023

We’re putting this into practice and offering our predictions concerning what regulations may arise once the dust has settled. The Tier 1 leverage capital ratio of the firm was 8.11%, more than twice the 4.00% required by regulators. But the fault is the regulators’, right? It’s better to learn from other people’s mistakes.”

Report 474

Report Regulation Capital Management 474

PYMNTS

DECEMBER 17, 2020

16), Massachusetts securities regulators filed a complaint against Robinhood alleging the company aggressively marketed to inexperienced investors and failed to implement controls to protect them, violating state laws and regulations. The complaint was from the office of William Galvin, Massachusetts secretary of state.

Massachusetts 185

Massachusetts Regulation Security Payments 185

CFPB Monitor

MAY 22, 2020

But what areas will the regulators and plaintiffs’ counsel focus on, and how can the industry stay out of the crosshairs? I will be a speaker on the program, along with former CFPB Director Richard Cordray, Shennan Kavanagh from the Massachusetts Attorney General’s Office, and prominent consumer class-action lawyer John Roddy.

Regulation 78

Regulation US Massachusetts Industry 78

PYMNTS

NOVEMBER 30, 2017

Privacy regulators of the European Union said Wednesday (Nov. According to a news report in Reuters , European data protection authorities said regulators from France, Italy, Spain, Belgium, the U.K. But it’s not just European regulators who want answers from Uber. Meanwhile, regulators in the U.K., Lawmakers in the U.S.

Regulation 100

Regulation Connecticut Illinois Massachusetts 100

PYMNTS

MAY 7, 2018

Bitcoin may be the marquee name in cryptocurrencies, but regulation may loom for its digital dollar brethren. Recent inquiries from regulators in the federal securities and commodities realms have centered on Ethereum. of Massachusetts. Dodd-Frank. Dodd-Frank lives.

Bitcoin 108

Bitcoin Regulation cryptocurrency Virginia 108

PYMNTS

NOVEMBER 23, 2017

Ride-hailing app company Uber, which made news when it covered up a huge data breach that exposed roughly 600,000 driver’s license numbers, could face investigations by regulators around the globe. 22), regulators in the U.K., According to a report in Fortune published Wednesday (Nov. Meanwhile, in the U.K., were impacted by it.

Regulation 100

Regulation Cyber Security Connecticut Illinois 100

PYMNTS

APRIL 1, 2020

It outlines the need for regulation and oversight because “unconstrained use of facial recognition services by state and local government agencies poses broad social ramifications that should be considered and addressed.”. Many states don’t have any laws regulating the use of facial recognition technology.

Washington 304

Washington Policies San Francisco Oakland 304

American Banker

SEPTEMBER 6, 2024

Morgan Stanley will have to pay $2 million for failing to flag trading in First Republic Bank by its former CEO. The transactions happened in the lead-up to the regional bank's collapse.

Massachusetts 36

Massachusetts Regional Compliance Regulation 36

American Banker

JANUARY 21, 2021

A bill updating the commonwealth's credit union act, signed into law on Jan. 12, is said to be the most comprehensive update of the state charter in 30 years.

Massachusetts 84

Massachusetts Regulation 84

PYMNTS

DECEMBER 17, 2020

Massachusetts Suing Robinhood, Alleging Failure To Protect Investors. Massachusetts regulators filed a complaint against Robinhood on Wednesday (Dec. 16) alleging that the stock-trading platform failed to protect its customers and their assets, violating state laws and regulations.

Massachusetts 147

Massachusetts Bitcoin Payments System 147

Bank Innovation

NOVEMBER 1, 2017

The lawsuit of a small business in Massachusetts against alternative lender Kabbage is raising questions about the role of partner banks in marketplace lending, namely, whether it’s the bank or the fintech that can be called the “true lender.”

Massachusetts 287

Massachusetts Fintech Lending Compliance 287

PYMNTS

NOVEMBER 1, 2017

A small business (SMB) in Massachusetts borrowing funds via marketplace lender Kabbage has sued the platform, igniting new debate in the conversation over the definition of a “true lender,” according to reports in the National Law Review on Tuesday (Oct. and Celtic Bank in a federal court in Massachusetts.

Massachusetts 128

Massachusetts Utah National Regulation 128

American Banker

APRIL 23, 2024

In a letter to Treasury Secretary Janet Yellen last week, the Massachusetts senator highlighted the growing use of cryptocurrencies by malicious organizations abroad and underscored the need for anti-money-laundering and counterterrorism provisions in future proposals.

Massachusetts 81

Massachusetts cryptocurrency Policies Compliance 81

PYMNTS

FEBRUARY 15, 2018

Through the Conference of State Bank Supervisors, Georgia, Illinois, Kansas, Massachusetts, Texas, Tennessee and Washington are looking to standardize the ways firms across traditional financial services and FinTech upstarts apply for, and are granted, licenses. Can the states make licensing – of the money movement kind – any easier?

Washington 101

Washington Regulation Conference Fintech 101

CFPB Monitor

NOVEMBER 6, 2023

On November 2, 2023, the Consumer Financial Protection Bureau issued a report on the community reinvestment laws of seven states (Connecticut, Illinois, Massachusetts, New York, Rhode Island, Washington, West Virginia), and the District of Columbia that evaluate the record of state-chartered financial institutions and other lenders in meeting the credit (..)

Rhode Island 78

Rhode Island District of Columbia West Virginia Community 78

American Banker

NOVEMBER 8, 2016

Voters in Florida and North Dakota approved medical marijuana measures on Tuesday, while their counterparts in California and Massachusetts approved recreational pot initiatives, according to projections.

Massachusetts 38

Massachusetts Florida North Dakota California 38

American Banker

APRIL 12, 2020

In blue states in particular, governors and attorneys general are taking up the mantle of consumer protection during the coronavirus emergency, effectively adding another layer of regulation to the patchwork of state and federal oversight.

Regulation 93

Regulation Pennsylvania Massachusetts California 93

PYMNTS

MAY 7, 2020

Its revised regulations , detailed on its Frequently Asked Questions page, urges companies who have access to other financing to reconsider whether they really needed the money. They have been given until May 14 to return the loan money with no questions asked.

Meeting 198

Meeting Massachusetts Regulation Maine 198

PYMNTS

SEPTEMBER 20, 2017

New York Governor Andrew Cuomo announced that he wants credit reporting firms to comply with the state’s new cyber-security regulations in the wake of the massive Equifax hack , according to Reuters. If the companies fail to register, they could be barred from doing business with financial companies regulated by New York State.

Cyber Security 100

Cyber Security Report New York Massachusetts 100

PYMNTS

SEPTEMBER 8, 2017

Reuters reported news that Massachusetts Attorney General Maura Healey announced the settlement of the lawsuit on Thursday, which is the result of a probe that predated her office’s adoption of regulations in 2016 to govern daily fantasy sports. DraftKings and FanDuel will pay a combined $2.6 Each company will pay $1.3

Massachusetts 100

Massachusetts Regulation Company Industry 100

PYMNTS

AUGUST 17, 2020

Amazon is facing an investigation by Germany’s national competition regulator into the eCommerce giant’s relationship with third-party sellers in Amazon’s second-largest market. The Federal Reserve is working with the Massachusetts Institute of Technology (MIT) to explore the possibility of issuing a digital currency.

California 148

California Massachusetts Apple Fraud 148

CFPB Monitor

NOVEMBER 16, 2021

New York now joins a small group of states, including Illinois and Massachusetts, that apply CRA-type laws to non-depository mortgage lenders. The amendments allow DFS to issue regulations expanding the types of applications and notices for which it will consider such performance when taking action.

New York 78

New York Community Regulation Data 78

PYMNTS

MARCH 28, 2018

In Massachusetts, a state regulator is seeking to stop several companies that appeared to be selling coins in initial coin offerings (ICOs), Reuters reported. The Secretary of the Commonwealth in Massachusetts, William Galvin, said his office has asked five companies to stop selling coins: Mattervest, Inc., SparkCo, Inc.

Bitcoin 116

Bitcoin Company Massachusetts cryptocurrency 116

PYMNTS

JULY 24, 2019

Senator Elizabeth Warren of Massachusetts said earlier in 2019 that large tech firms like Facebook and Amazon should be broken up. billion euro fine from regulators across the pond, where the search giant has been accused of antitrust behavior. And, in the process, they have hurt small businesses and stifled innovation.”.

Retail 128

Retail US Massachusetts United States 128

American Banker

JUNE 9, 2021

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Massachusetts 99

Massachusetts Fintech Regulation 99

CFPB Monitor

NOVEMBER 12, 2020

Banking and Securities Regulators (includes FDIC, Federal Reserve, NCUA). Gary Gensler , who is with the Massachusetts Institute of Technology, will serve as team leader. English initiated unsuccessful litigation seeking a declaration that she, rather than Mr. Mulvaney, had the right to serve as Acting Director.

FDIC 97

FDIC Massachusetts New York Policies 97

PYMNTS

OCTOBER 17, 2018

On October 4, the Massachusetts Cannabis Control Commission (CCC) issued its final four recreational marijuana licenses to businesses, meaning legal marijuana will soon be available for purchase. Massachusetts joins a handful of states, including Colorado, Washington and Maine, that have taken steps to legalize recreational marijuana.

Colorado 126

Colorado Massachusetts US Industry 126

PYMNTS

JANUARY 24, 2020

The Global Consortium for Digital Currency Governance will be geared toward the development of transparent, interoperable and inclusive approaches to policy to regulate the crypto industry and facilitate work between the public and private worlds in emerging and developed economies, Cointelegaph reported.

cryptocurrency 130

cryptocurrency Massachusetts Policies Taxes 130

PYMNTS

FEBRUARY 6, 2018

Reuters reported news on Tuesday that banking regulators from seven states across the United States are working to, as the newswire reported, “streamline” the FinTech reporting process, with an eye on those tech firms having an easier road toward offering their products and services across the nation.

Fintech 118

Fintech US Tennessee Washington 118

PYMNTS

NOVEMBER 20, 2017

Only weeks ago, news surfaced that a small business borrower in Massachusetts that used the Kabbage platform filed a lawsuit against the company and Celtic Bank.

Massachusetts 100

Massachusetts Lending Analysis Operations 100