CFPB Monitor

MARCH 4, 2020

Former CFPB Senior Counsel for Enforcement Strategy Chris Peterson, who is currently a Professor at the University of Utah S.J. Quinney College of Law, has announced his candidacy for Utah Governor. Chris also currently serves as the Financial Services Director and Senior Fellow of the Consumer Federation of America.

Utah 103

Utah America National Strategy 103

CFPB Monitor

MARCH 8, 2022

Following the lead of California, Colorado, and Virginia, Utah is set to become the fourth state to pass a comprehensive privacy law. As of March 4, the Utah Consumer Privacy Act ( SB 227 ) cleared both houses of the Utah legislature. If signed, the law will go into effect December 31, 2023.

Utah 78

Utah Virginia Colorado California 78

Payments Dive

APRIL 13, 2023

The Bitcoin Depot ATMs will be installed in every state where the convenience chain operates — Idaho, Nevada, Oregon, Utah, California, Washington and Arizona.

ATM 195

ATM Bitcoin Idaho Nevada 195

CFPB Monitor

JANUARY 9, 2020

The CFPB and Utah AG’s Office have announced that they will hold the first joint office hours as part of the American Consumer Financial Innovation Network (ACFIN). The joint office hours will be held on January 30, 2020 in Salt Lake City, Utah.

Utah 78

Utah South Carolina Tennessee Arizona 78

PYMNTS

DECEMBER 16, 2020

In addition to Texas, states involved in the suit include Arkansas, Idaho, Indiana, Kentucky, Mississippi, Missouri, North Dakota, South Dakota and Utah, WSJ reported. “This internet Goliath used its power to manipulate the market, destroy competition, and harm YOU, the consumer,” Paxton's office said in a tweet Wednesday (Dec.

Google 297

Google South Dakota North Dakota Mississippi 297

Bank Innovation

SEPTEMBER 18, 2017

The charter, submitted to the State of Utah last June, would give the online lender the ability to collect deposits insured by the […].

Utah 170

Utah Online Security FDIC 170

CFPB Monitor

AUGUST 17, 2021

A Utah federal district court recently ruled in two cases that the Petition Clause of the First Amendment of the U.S. In both cases, the defendants had initially filed lawsuits in Utah state court to collect the underlying debts. Constitution provides immunity to debt collectors from FDCPA claims. The two cases are Holmes v.

Utah 78

Utah Exercises Management Cards 78

CFPB Monitor

APRIL 25, 2022

Utah and Virginia recently became the first two states to require the registration of providers of merchant cash advances. The new laws also include disclosure requirements. Although laws requiring disclosures for merchant cash advances already exist in California and New York , those laws have not yet become effective.).

Utah 78

Utah Virginia Regulation New York 78

PYMNTS

JULY 26, 2019

FDIC) and the state of Utah for an industrial loan company (ILC) charter. The bank would be headquartered in Utah and could handle users’ deposits, according to Lee Carter, Rakuten head of banking and potential ILC CEO. Rakuten has about 13 million active users who earn rewards for purchasing products from participating merchants. .

Fintech 192

Fintech Utah US FDIC 192

PYMNTS

DECEMBER 29, 2020

Turkish prosecutors have issued a detention warrant for Turkish businessman Sezgin Baran Korkmaz, who has ties to Utah business executives who recently pleaded guilty to a $511 million tax credit scheme in the U.S., In Utah, Korkmaz worked with Jacob and Isaiah Kingston, brothers and executives of a Salt Lake City-based biodiesel company.

Taxes 167

Taxes Fraud Utah US 167

PYMNTS

OCTOBER 12, 2020

Square's offering, by contrast, will be an industrial-loan company, supervised by the Utah Department of Financial Institutions and the Federal Deposit Insurance Corp. The nature of the market for FinTech startups breaking into the larger U.S.

San Francisco 268

San Francisco Wyoming US Utah 268

PYMNTS

SEPTEMBER 27, 2020

Associated Food Stores , a Salt Lake City, Utah-based cooperative that supplies supermarkets, said it has started to build what it’s calling “pandemic pallets” of sanitizing products so its warehouses will be fully stocked, Darin Peirce, vice president of Retail Operations, told WSJ. That’s earlier than we ever have.”.

Jacksonville 280

Jacksonville Minnesota Utah Michigan 280

PYMNTS

DECEMBER 21, 2020

Founded in 2013 in Salt Lake City, Utah, Acima operates in over 15,000 retail partner locations and eCommerce platforms. The deal is $1.273 billion in cash and approximately 10.8 million shares of Rent-A-Center common stock currently valued at $377 million. The transaction is expected to close in the first half of 2021. . billion in 2020.

Utah 263

Utah Retail US Taxes 263

PYMNTS

JULY 19, 2020

Utah officials estimate that new vehicle-to-everything, or V2X, technology could reduce the severity of traffic crashes by 80 percent, the Wall Street Journal (WSJ) reports. Motor vehicle crashes claimed the lives of around 36,120 people in 2019, WSJ reported, and the V2X technology has been touted as a possibility for reducing that number.

Utah 159

Utah Technology America Report 159

CFPB Monitor

SEPTEMBER 10, 2020

Thereafter, “using its existing lending operations and personnel, LoanMart commenced ‘marketing’ and ‘servicing’ auto title loans purportedly made by CCBank, a small Utah-chartered bank operating out of Provo, Utah.” The DOB indicated that such loans have interest rates greater than 90 percent.

Utah 78

Utah California FDIC West Virginia 78

CFPB Monitor

SEPTEMBER 19, 2022

A Utah federal district court has rejected the attemp t of The Center for Excellence in Higher Education (CEHE) to invalidate a civil investigative demand (CID) issued by the CFPB based on a challenge to the constitutionality of the CFPB’s funding mechanism. .

Utah 78

Utah Groups Community Report 78

PYMNTS

MAY 19, 2020

The FTC alleged the Utah-based company operated deceptive trial memberships and bogus government grant and money-making schemes in 2010. A federal jury in Utah convicted Johnson and Ryan Riddle of making false statements to a bank on multiple I Works merchant account applications.

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Online Utah Cards Operations 179

CFPB Monitor

MARCH 29, 2023

The CFPB has issued a determination that the Truth in Lending Act (TILA) does not preempt the commercial financing laws of New York , California , Utah, and Virginia. The determination will be effective on the date it is published in the Federal Register.

Utah 78

Utah Virginia New York California 78

PYMNTS

JANUARY 7, 2021

Utah startup WeLink has raised $185 million to roll out its 5G fixed-wireless broadband network in new markets across the United States, the company announced in a Thursday (Jan. 7) press release.

Las Vegas 244

Las Vegas Tucson Phoenix Utah 244

Payments Source

MARCH 1, 2021

The payment processing company will offer loans and deposit accounts to its small-business customers through a Utah-based industrial bank.

Utah 133

Utah Industry Payments Company 133

Perficient

DECEMBER 7, 2020

Activities included biking down Lakeshore Drive, walking in the Chicago suburbs, running in Utah, and hiking in the Smoky Mountains – to name a few! Over the course of six days, nineteen participants took part in 134 activities and covered a total of 604.56 miles in the Perficient Virtual Fitness Challenge.

Chicago 322

Chicago Utah Training Community 322

PYMNTS

AUGUST 14, 2020

Initially, the loans are available in the following states via the waitlist: Alaska, Arkansas, Connecticut, Florida, Georgia, Illinois, Massachusetts, New Hampshire, New Jersey, North Carolina, Oregon, Texas, Virginia, Nebraska, Utah, Wisconsin and Wyoming.

Bitcoin 268

Bitcoin North Carolina New Hampshire San Francisco 268

PYMNTS

MARCH 11, 2020

OppLoans, for example, partners with a Utah bank and charges an average of 199 percent, according to its website. Utah has no caps on interest rates. “A OppLoans and its Utah partner FinWise Bank have a rent-a-bank partnership that gives it the freedom to avoid caps in numerous states.

Lending 145

Lending Regulation South Dakota Utah 145

PYMNTS

JUNE 24, 2020

At the news conference, Cuomo called out several states with surging infection rates whose residents would be included in the quarantine should they travel to the Tri-State area, including Alabama, Arkansas, Arizona, Florida, North Carolina, South Carolina, Washington, Utah and Texas.

New York 227

New York New Jersey Connecticut South Carolina 227

PYMNTS

NOVEMBER 23, 2020

The states involved include Colorado, Iowa, Nebraska, New York, North Carolina, Tennessee, and Utah, according to Reuters. The group is sometimes referred to as the Colorado/Nebraska group and has said it could combine its case with the larger one from the The Department of Justice (DOJ).

Google 223

Google Nebraska Colorado North Carolina 223

PYMNTS

JANUARY 10, 2019

For example, Whole Foods managers went to a site in Utah that used to be a Kmart. The recent woes of Sears and other struggling retailers are seen as an opportunity for the online retail giant. Sources told Yahoo! that the company is visiting sites of now defunct retail spaces.

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San Antonio Tulsa Milwaukee Montana 213

CFPB Monitor

DECEMBER 9, 2022

In a notice of “ Intent to Make Preemption Determination under the Truth in Lending Act (Regulation Z) ,” the CFPB announced that it is seeking comments on its preliminary determinations that the Truth in Lending Act (TILA) does not.

Lending 147

Lending New York Utah Virginia 147

CFPB Monitor

JULY 19, 2022

Represented by a team of Ballard Spahr attorneys, a seller of consumer products recently defeated the plaintiffs’ motion to certify a class in their lawsuit filed in Utah federal district court alleging violations of the Telephone Consumer Protection Act (TCPA) by the seller and another defendant.

Utah 78

Utah Meeting National System 78

Payments Source

NOVEMBER 15, 2018

Now that states such as Michigan, Utah and Missouri voted in favor of legalization in this year's midterms, legal marijuana is poised to become a growth industry.

Missouri 112

Missouri Utah Michigan Data 112

American Banker

JUNE 14, 2021

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Utah 92

Utah Fintech Lending 92

PYMNTS

APRIL 22, 2020

CNBC reported the forgivable government loan comes months after the 38-year-old billionaire bought a 2,600-acre ranch in Utah for $32.5 Securities and Exchange Commission filings showed Nikola received the PPP funds from JPMorgan Chase. At the time, Milton said buying property is just the beginning. “I

Utah 156

Utah Phoenix Report Examples 156

PYMNTS

APRIL 10, 2020

billion despite buying startups and building call centers in Utah and Texas, according to The Wall Street Journal. Last fall, PYMNTS reported that Marcus, launched in 2016, lost $1.3

Los Angeles 212

Los Angeles San Francisco New York City New York 212

PYMNTS

JANUARY 6, 2021

Divvy, based in Utah, offers businesses an integrated spend management platform connected with a corporate card offering. In a statement, Neat CEO David Rosa said the card "gives SMEs [small and medium-sized enterprises] the flexibility and control they need over their spending.". Divvy Lands $165 Million For Spend Management Tech.

Cards 257

Cards Utah Capital Management 257

Payments Source

JULY 3, 2019

Utah this week became the third state to let companies test cutting-edge financial products without fear of violating licensing and other regulations.

Utah 89

Utah Regulation Company Wyoming 89

American Banker

SEPTEMBER 5, 2024

First Electronic Bank is using technology from Spring Labs to analyze its fintech partners' customer communications and identify problems.

Utah 87

Utah Fintech Technology 87

Jeff For Banks

MARCH 15, 2014

This week I did my annual tour of the West, teaching Bank Profitability in the Executive Development Program for the Washington, Oregon, and Utah Bankers'' Associations. Special thanks to the talented bankers in Washington, Oregon, and Utah. As part of the day-long curriculum, we discuss industry trends.

Industry 111

Industry Oregon Utah Washington 111

PYMNTS

JANUARY 14, 2021

Google is also being investigated by attorneys general from several states, including California, Arizona, Colorado, Iowa, Nebraska, New York, North Carolina, Tennessee and Utah. The tech giant is also being probed by China.

eBook 174

eBook Connecticut North Carolina Nebraska 174