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US Treasury Tells Banks To Treat Hemp Businesses Like Any Other

PYMNTS

The nation’s marijuana regulator has told financial institutions to treat the $500 million hemp businesses the same way they would any other businesses. a Nevada-based, publicly-traded company that owns processing centers and a 5,000-square-foot retail store in Arizona, praised FinCEN’s update. Hemp Inc.,

US 352
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Nevada Marijuana Dispensary Uses Food Trucks To Sidestep Cards Regs

PYMNTS

Experts on dispensaries say such labeling is the only way to get around federal banking regulations. Federal regulations prevent financial institutions and other payment companies from serving up options to pay to the legal weed industry. . Skaff is a marijuana business financial advisor.

Nevada 139
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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.

Nevada 78
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FTC Charges Payday Lender With ?Deceptively? Overcharging Clients

PYMNTS

After a payday lender allegedly left consumers to pay more than promised by drawing continued interest-only deductions, the Federal Trade Commission (FTC) has charged a lending operation with overcharging customers and taking money from their bank accounts without authorization. The defendants named in the matter include Camel Coins, Inc.;

Nevada 198
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VirnetX Takes $503M Bite Out Of Apple For Patent Infringement

PYMNTS

Initially, Nevada-based VirnetX was asking for about $700 million in royalties. 1), the tech giant referred to the possible effects of legal proceedings and global regulations and how those could impact its operations and financial conditions. The original lawsuit , filed Aug.

Apple 226
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Big Tech Compliance Tracker: Facebook Hints At EU Pullout Over Data Transfers Laws; Appeal Filed Over Apple’s $15B Tax Bill On Ireland Operations; In-App Billing Battle Rages On

PYMNTS

Regulations. SocialMediaToday reported that in early September, an EU “privacy regulator … sent Facebook a preliminary order to suspend data transfers to the U.S. More Nevada Tax Breaks for Google Data Centers . Facebook Threatens EU Withdrawal Over Data Sovereignty. about its EU users.”

Taxes 162
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Bitcoin Daily: Hedgefund Billionaire Plans $1B Crypto Venture; Baton Gets Series A Funding

PYMNTS

On the regulatory front, Cointelegraph reported that Nevada’s finance regulator, the Financial Institutions Division of the Department of Business and Industry (NFID), said bitcoin ATM operators must conform to existing rules. . Nevada currently has 110 bitcoin ATMs.

Bitcoin 188