Nevada passes EWA legislation
Payments Dive
JUNE 5, 2023
Nevada this past weekend became one of the few states to pass legislation directed at policing the expanding earned wage access industry.
Nevada Related Topics 
Nevada Facing Record Unemployment With Casinos Closed
PYMNTS
APRIL 9, 2020
With an economy heavily reliant on tourism, Nevada may have the largest number of unemployed workers due to the coronavirus pandemic. Stephen Miller, an economist at University of Nevada, told the news outlet that economic downturn during the recession of 2007 to 2009 was deeper and longer than in Las Vegas than many other U.S.
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Will Nevada Face The Pandemic’s Greatest Impact?
PYMNTS
JUNE 3, 2020
Tourism powers the economy in Clark County, which encompasses the legendary Las Vegas Strip — although Nevada also has some other sectors, such as farming and mining. One study held for the Las Vegas Convention and Visitors Authority cited by The Wall Street Journal found that visitors spend over $30 billion each year in southern Nevada.
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How One Nevada Credit Union Secures Its Self-Service Innovations
PYMNTS
FEBRUARY 27, 2020
One CU undergoing a self-service transformation is One Nevada Credit Union , which serves 80,000 members and has $959 million in assets. One Nevada is instituting a product suite to support its self-service transformation, including a data warehouse, business intelligence tools and a complete core banking conversion.
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Nevada governor signs first state EWA law
Payments Dive
JUNE 16, 2023
Backers of the law establishing a licensing process for earned wage access providers operating in the state say it’s the first of its kind in the U.S.
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How One Nevada Credit Union Secures Its Self-Service Innovations
PYMNTS
FEBRUARY 26, 2020
Inside One Nevada Credit Union’s Self-Service Transformation. Many credit unions, including One Nevada Credit Union , are undergoing extensive changes to cater to this desire, but these transformations invariably bring challenges of their own. For more on these and other CU news items, download this month’s Tracker.
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Nevada enacts licensing requirement for private education loan lenders and servicers
CFPB Monitor
JULY 11, 2023
The Nevada Legislature recently passed Assembly Bill 332 (“AB 332”), which amends Nev. Title 55 relating to Banks and Related Organizations to add a new chapter regulating Private Education Lenders and Student Loan Servicers. The provisions of SB 322 will become effective on January 1, 2024. Continue Reading
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Bitcoin Daily: Nevada OKs Blockchain Bills; Binance Restricts US Users
PYMNTS
JUNE 16, 2019
Nevada has passed regulatory sandbox legislation that aims to continue blockchain investment and development in the state. We’re thrilled to see that Nevada continues to take a thoughtful approach to technology,” said Jackie Morck, President of the Nevada Technology Association, in a statement. passport holders.
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Nevada enacts amendments regarding working from remote locations for Installment Loan Company licensees and collection of medical debt
CFPB Monitor
JULY 5, 2023
Nevada’s Governor recently approved amendments to Nevada laws that concern the ability of employees of Installment Loan Company licensees to work from remote locations and the collection of medical debt. The amendments become effective on October 1, 2023.
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Greater Nevada Credit Union promotes CXO to CEO
American Banker
JUNE 21, 2023
Greater Nevada Credit Union in Carson City promoted Danny DeLaRosa to be its next president and CEO. He replaces Wally Murray, who retired in March.
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Trade groups respond to Nevada regulator and AG in lawsuit challenging Nevada law
CFPB Monitor
APRIL 13, 2020
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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Ninth Circuit affirms district court’s denial of preliminary injunction blocking enforcement of Nevada medical debt collection law
CFPB Monitor
JUNE 22, 2023
Court of Appeals for the Ninth Circuit, in a 2-1 decision, recently affirmed the district court’s decision denying the plaintiffs’ motion for a temporary restraining order and preliminary injunction to block enforcement of Nevada Senate Bill 248 (S.B.
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Nevada enacts amendments allowing collection agency employees to work from remote locations
CFPB Monitor
JULY 11, 2023
The Nevada Legislature recently passed Senate Bill 276 (“SB 276”), which permits employees of Collection Agencies to work from remote locations and exempts certain entities from qualifying as a “Collection Agency.” The provisions of SB 276 relevant to Collection Agencies will become effective on October 1, 2023. SB 276 amends Nev.
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Nevada federal district court stays CFPB action to enforce civil investigative demand pending SCOTUS decision in CFSA case
CFPB Monitor
NOVEMBER 13, 2023
A Nevada federal district court has stayed an action filed by the CFPB to enforce a civil investigative demand (CID) issued to a small-dollar lender pending the U.S. Supreme Court’s decision in Community Financial Services Association of America Ltd. The issue in CFSA v.
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Nevada regulator and AG file new motion to dismiss in lawsuit by 3 trade groups challenging Nevada law
CFPB Monitor
MARCH 31, 2020
We have been closely following a lawsuit challenging a 2019 Nevada amendment that relates to the treatment of spousal credit history during the credit application process. Since last reported on the case, the trade groups filed their first amended complaint on February 12.
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Credit union in Michigan brings mortgage aid to members in Nevada
American Banker
JULY 10, 2023
The $4 billion-asset United Federal Credit Union partnered with the Nevada Housing Division to offer first-time homebuyers access to down-payment assistance.
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Lawsuit by 3 trade groups challenging Nevada spousal credit history law dismissed
CFPB Monitor
JULY 8, 2020
A federal District Court judge in Nevada has dismissed a case filed by several trade associations against the Commissioner of the Financial Institutions Division (“FID”) of the Nevada Department of Business and Industry and the Nevada Attorney General.
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Nevada Supreme Court Cabins Statute Eliminating Limitations Period On Deposit Claims Against Banks
CFPB Monitor
DECEMBER 2, 2020
On November 20, 2020, the Nevada Supreme Court handed banks a significant victory by agreeing with the Defendant bank’s interpretation of a Nevada statute concerning the application of statutes of limitation. In 2019, the parties briefed the certified questions to the Nevada Supreme Court. In Cantlon v. Wells Fargo Bank, N.A.,
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Missouri follows Nevada in enacting EWA law
Payments Dive
JULY 11, 2023
The new legislation creates a requirement that earned wage access providers operating in Missouri must register with the state.
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Nevada directive requiring collection agencies to cease collection efforts due to COVID-19 outbreak creates uncertainty
CFPB Monitor
MARCH 25, 2020
On March 13, following the declaration of a state of emergency by Nevada Governor Sisolak due to the COVID-19 outbreak, the state’s Department of Business and Industry (DBI) issued guidance that allowed collection agency employees to work from their residences even if a residence was not a location licensed with the DBI.
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Trade groups challenge Nevada law allowing applicant’s reliance on spouse’s or former spouse’s credit report
CFPB Monitor
OCTOBER 3, 2019
On October 1, three trade groups filed a lawsuit in Nevada federal court challenging an amendment to Nevada law that allows an applicant for credit with no credit history to request that the creditor deem the applicant’s credit history to be identical to that of the applicant’s spouse during the marriage. See NRS 598B.060.
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Will Nevada’s law prod the CFPB on EWA?
Payments Dive
JUNE 20, 2023
Nevada’s new law on earned wage access increases the importance of hearing more from the Consumer Financial Protection Bureau about its view of the growing on-demand pay trend.
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Nevada bill imposing new requirements for consumer vehicle leases awaiting Governor’s signature
CFPB Monitor
JUNE 7, 2021
A bill ( AB 298 ) currently awaiting the signature of the Nevada Governor would impose new limits on the terms of consumer vehicle leases and require new disclosures. Currently, Nevada law on vehicle leasing (NRS Chapter 100) only applies to vehicle leases for business or commercial purposes.
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Nevada regulator and AG seek dismissal of lawsuit filed by trade groups challenging Nevada law allowing applicant to rely on spouse’s or former spouse’s credit report
CFPB Monitor
NOVEMBER 11, 2019
The amendment is contained in Senate Bill 311 which was signed into law by the Nevada Governor on July 1, 2019 and became effective on October 1. The lawsuit includes an allegation that the Nevada law is preempted by the Fair Credit Reporting Act and the Equal Credit Opportunity Act.
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Nevada regulator and AG file opposition to trade groups’ preliminary injunction motion in lawsuit challenging Nevada law allowing applicant to rely on spouse’s or former spouse’s credit report
CFPB Monitor
NOVEMBER 14, 2019
The amendment is contained in Senate Bill 311 which was signed into law by the Nevada Governor on July 1, 2019 and became effective on October 1. . The lawsuit includes an allegation that the Nevada law is preempted by the Fair Credit Reporting Act and the Equal Credit Opportunity Act.
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Nevada Car Insurance: Guide to Getting Coverage at the Lowest Rates
MyBankTracker
FEBRUARY 1, 2021
Car insurance premiums in Nevada are above the national average. Average Car Insurance Rates in Nevada. Factors that Will Affect Your Nevada Car Insurance Premium. Below are seven of the most important factors that will determine the premium you’ll pay for Nevada car insurance. State Farm: $1,700 per year.
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Nevada Governor approves bill requiring translated documents for consumer financial services transactions, including credit cards and auto title loans
CFPB Monitor
JULY 29, 2021
A new Nevada law that becomes effective on October 1, 2021 requires translated documents to be provided to consumers by businesses that advertise and negotiate transactions covered by the law in a language other than English (or allow their agents or employees to advertise and negotiate in a language other than English).
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Nevada passes law to regulate earned wage access providers
CFPB Monitor
JUNE 28, 2023
On June 13, Nevada’s governor signed into law Senate Bill 290 creating the nation’s first statutory framework for earned wage access (EWA) providers operating in the state. The law appoints the state’s Commissioner of Financial Institutions to oversee the industry.
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Trade groups respond to motion to dismiss lawsuit challenging Nevada law allowing applicant to rely on spouse’s or former spouse’s credit report
CFPB Monitor
NOVEMBER 25, 2019
The amendment is contained in Senate Bill 311 which was signed into law by the Nevada Governor on July 1, 2019 and became effective on October 1. A preliminary injunction motion filed by the trade groups is currently pending.
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Bitcoin Daily: Nevada Tightens Regs On Crypto Kiosks; Barclays And Coinbase Call It Quits
PYMNTS
AUGUST 15, 2019
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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Nevada and New Mexico State Medical Debt Collections Laws to Take Effect July 1, 2021
CFPB Monitor
JUNE 17, 2021
State legislatures in New Mexico and Nevada enacted laws this session targeting medical debt collections. Nevada Medical Debt Collection Law . Nevada’s new medical debt collection law applies to all debts for goods and services provided by medical facilities. New Mexico Patients Debt Collection Practices Act .
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Caesars To Resume Gaming, Hospitality Operations In Vegas
PYMNTS
MAY 22, 2020
As it gears up to reopen in Las Vegas, Caesars Entertainment Corporation said it would resume its gaming and hospitality functions at Flamingo Las Vegas and Caesars Palace at “the date and time for reopening specified by the state of Nevada.” Steve Sisolak and public health authorities, according to an announcement.
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Industry groups challenge Nevada’s new medical debt collection law
CFPB Monitor
JULY 6, 2021
On June 25, a group of collection agencies, law firms, and industry associations filed a lawsuit against the Nevada State Commissioner requesting the Court declare invalid Nevada Senate Bill 248, which regulates medical debt collection. Nevada enacted the new law last month. The new law took effect on July 1, 2021.
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Nevada Marijuana Dispensary Uses Food Trucks To Sidestep Cards Regs
PYMNTS
JULY 21, 2019
No one would ever mistake a marijuana dispensary for a food truck, but that is what one shop in Reno, NV calls itself when charging customers’ credit cards. Credit card statements will show that a purchase was made at the “Midgrun Eats LLC food truck, not at the Blüm Marijuana Dispensary ,” the Reno Gazette-Journal reports. .
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More States Mull Interest Rate Preemption and “Anti-Evasion” Legislation
CFPB Monitor
MARCH 4, 2024
Rhode Island, Minnesota, and Nevada have joined the list of jurisdictions considering proposals to legislatively opt out of federal interest rate preemption established under the federal Depository Institutions Deregulation and Monetary Control Act of 1980 (DIDMCA).
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Report: Zomato Teams With InCred For Loans To Restaurants In India
PYMNTS
DECEMBER 28, 2020
based quick-service restaurant (QSR) chain Wendy’s is teaming with India’s Rebel Foods as well as Sierra Nevada Restaurants to roll out approximately 250 ghost kitchens , or cloud kitchens, throughout the country. In separate news from the India restaurant sector, U.S.-based
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Google Play Policy Changes Will Extend Gambling Apps Across More Countries
PYMNTS
JANUARY 29, 2021
online casino games are only allowed in Delaware, Nevada, New Jersey and Pennsylvania. Sports betting is only allowed in Colorado, Illinois, Indiana, Iowa, Nevada, New Hampshire, New Jersey, Pennsylvania, Rhode Island, Tennessee and West Virginia. . Currently in the U.S.,
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Today In Payments: Coronavirus Decimates US Stock Market; Ex-Microsoft Engineer Guilty Of 18 Felonies
PYMNTS
FEBRUARY 26, 2020
How One Nevada Credit Union Secures Its Self-Service Innovations. In this month’s Credit Union Tracker, Chief Financial Officer Steve O’Donnell for One Nevada Credit Union discusses how the CU revamped its core system to offer these self-services while ensuring member privacy.
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Bitcoin “ATMs” Come to Nevada and Arizona
Banking Exchange
JUNE 24, 2019
What do Circle K convenience stores have to do with Bitcoin? Retail Banking Technology Payments Branch Technology/ATMs Blockchain Fintech Financial Research Feature Financial Trends Feature3.
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60 Bitcoin Daily: Dutch Parliament Cracks Down On Money Laundering; Busan Considers Launching Its Own Crypto
PYMNTS
JULY 2, 2019
Berns, who revealed last year his plans to create a blockchain-focused master-planned community and e-sports arena in the Nevada desert, said the acquisition of the Las Vegas-based Kirkwood Bank of Nevada is an important step in reaching his goal.
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Las Vegas Not Near Normal As Casinos Curtail Offerings
PYMNTS
JULY 23, 2020
Just after midnight on June 4, resorts and gambling halls throughout Nevada opened again. The hospitality industry in Nevada was severely impacted; more than 122,200 hospitality and leisure employees lost their employment in April. Wynn is not alone in scaling back its operations: Las Vegas Sands Corp.
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DraftKings Hopes To Score On April IPO Despite Live Sports Desert
PYMNTS
APRIL 16, 2020
As part of this deal, shares will be issued in the company’s DEAC Nevada unit as well. The new, merged company will still be helmed by DraftKings CEO and co-founder Jason Robins, and the company will be based in Nevada alongside its initial base in Boston.
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MGM Resorts Appoints Acting Chief Executive Officer
PYMNTS
MARCH 23, 2020
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 also served as a Las Vegas Convention and Visitors Authority board member from 1999 to 2003.
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