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New York State Regulations for Online Lenders to ‘Level Playing Field’ for Banks

Bank Innovation

Online lenders may own more than half of the personal lending market, but they face serious headwinds. For one thing, rising interest rates will increase their cost of funds, and perhaps make their offerings less attractive, and for another, regulations may arrive that make operating their businesses more expensive.

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NY’s Cuomo Embraces Online Gambling; Shows Inroads Amid Pandemic

PYMNTS

Bet on New York emerging a bit more flush from the pandemic. Soon, you might be able to bet on it…literally, online and through mobile means. (OK, New York will join the pantheon of states that have legalized mobile sports betting, per a proposal by Gov. Andrew Cuomo released Wednesday (Jan. billion last year.

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New York Gyms Get OK To Reopen Next Week

PYMNTS

Cuomo also chided “quote ‘experts’” who advised against reopening New York establishments due to the risk of a COVID-19 surge. “We Some fitness centers have responded to the crisis by expanding their operations into new areas of business, especially online workout guidance.

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Today In Payments: Wirecard Files For Insolvency; New York To Ease Cryptocurrency Regulations

PYMNTS

In today’s top news, Wirecard files for insolvency, and New York proposes easing regulations for cryptocurrency licenses. New York To Ease Cryptocurrency Regulations. plans to offer a Samsung Pay Card that will operate like a digital wall for customers. Wirecard Files For Insolvency, Seeks Court Protection.

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SoFi, Coinbase Get the Green Light to Operate in New York

Bank Innovation

Ah, New York: If you can make it here, you can make it anywhere, but to even try, you need a license. After waiting a year, the lender SoFi received the thumbs up to operate in New York, CFO Michael Tannenbaum said recently. Luckily, SoFi and Coinbase just got theirs. Read More.

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Retailer New York & Co. Will Likely File For Bankruptcy

PYMNTS

The parent company of New York & Co. , The company operates more than 385 retail and outlet locations in 33 states, according to its website. New York & Co. A PYMNTS survey revealed just a third of online shoppers will return to brick-and-mortar stores to shop when they reopen. RTW Retailwinds Inc.

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Mercari Links With Postmates To Offer Mercari Now Delivery Service In Parts Of New York City

PYMNTS

. “… Mercari Now allows sellers and buyers to complete a transaction safely from the comforts of their home, skipping the awkward meetups or trips to the post office that other online marketplaces typically require.". The company said the New York offering follows a successful three-month trial program in San Francisco.