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North Lane, daVinci Payments Finalize Merger; Form Syncapay

PYMNTS

They now operate together under the Syncapay brand umbrella via a holding firm created with a new majority equity investment from funds that Centerbridge Partners advises, according to the announcement. “The 10) announcement.

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Third Circuit holds application of PA usury law to auto loans made to PA residents at out-of-state locations does not violate Commerce Clause

CFPB Monitor

Court of Appeals for the Third Circuit recently ruled that the application of Pennsylvania usury laws to vehicle-secured loans made to Pennsylvania residents who travel outside of Pennsylvania to obtain such loans does not violate the Commerce Clause of the U.S. Constitution. In TitleMax of Delaware, Inc.

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Pennsylvania federal district court rules public records vendor is consumer reporting agency subject to Fair Credit Reporting Act

CFPB Monitor

A Pennsylvania district court has ruled that a company that provides reports based on a search of public records is a “consumer reporting agency” (CRA) as defined by the Fair Credit Reporting Act. Turning to the issue of whether CLSA was a CRA, the court found that CLSA’s operations satisfied the elements of the FCRA definition.

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Google Play Policy Changes Will Extend Gambling Apps Across More Countries

PYMNTS

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 Retail: Resale Company StockX Lands $275 Million For Growth; Rite Aid Reports 12 Pct Revenue Increase

PYMNTS

The company, which is based in Pennsylvania, operates over 673 retail stores in 45 states and through the web at rue21.com. Clothing retailer rue21 (r21 Holdings, Inc.) said its robust financial position has let it refinance its current term debt, shore up available liquidity and lower the cost of funds. million members.

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UPS Looks To Drones To Speed Up Delivery

PYMNTS

The company is also looking into extending its hours of operation and deploying autonomous delivery automobiles. “In In 2019, UPS launched more new services and operational innovations than in any year in the company’s recent history,” said UPS Chairman and CEO David Abney. “We billion into its facilities in Pennsylvania.

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Chrome Credit Union Looks to the Future with Nymbus Core

Bank Innovation

A small credit union in western Pennsylvania is making an investment that would strike fear into the hearts to bankers everywhere: core replacement. Washington, Pa.-based