New York

Former CFPB Dep. Director Named Dept Of Financial Services Advisor
Former CFPB Dep. Director Named Dept Of Financial Services Advisor
January 15, 2020  |  Personnel

The New York Department of Financial Services (DFS) has announced that Leandra English, the former deputy director of the Consumer Financial Protection Bureau (CFPB), has...

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NY Labor Department Finds Payroll Card Regulation Victory
NY Labor Department Finds Payroll Card Regulation Victory
January 15, 2020  |  B2B Payments

Payroll cards have faced quite a bit of controversy in recent years. While the tool can bridge under-banked employees to a digital, efficient and timely...

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Bitcoin Daily: Deribit Crypto Exchange Flees Netherlands’ Tight Regulation; Illinois Now Recognizes Blockchain Contracts As Legally Binding
Bitcoin Daily: Deribit Crypto Exchange Flees Netherlands’ Tight Regulation; Illinois Now Recognizes Blockchain Contracts As...
January 10, 2020  |  Bitcoin

Deribit, a popular global cryptocurrency options exchange, is moving to Panama in February to sidestep the Netherlands’ upcoming regulation changes on the industry, according to...

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NY Lawmakers Push For Public eBanking System
NY Lawmakers Push For Public eBanking System
January 08, 2020  |  Banking

Lawmakers in New York have proposed a public electronic banking system that would essentially function like payment service Venmo, with the purpose of including more...

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NY Financial Watchdog Calls For Easier Introduction Of Virtual Currency
NY Financial Watchdog Calls For Easier Introduction Of Virtual Currency
December 11, 2019  |  Bitcoin

The New York State Department of Financial Services (DFS) is proposing revised rules for the listing of new virtual currencies and will review the state’s...

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Visa Partners With NY’s MTA To Expand Tap To Pay Locations
Visa Partners With NY’s MTA To Expand Tap To Pay Locations
December 11, 2019  |  Mobile Payments

New York’s Metropolitan Transportation Authority (MTA) joined Visa and Chase at a press conference on Wednesday (Dec. 11) to announce the expansion of tap to...

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Bitcoin Daily: Fidelity’s Crypto Business Gets License; Bitcoin.com Launches $200M Fund
Bitcoin Daily: Fidelity’s Crypto Business Gets License; Bitcoin.com Launches $200M Fund
November 21, 2019  |  Bitcoin

Fidelity Digital Asset Services (FDAS) has been granted a charter by the New York State Department of Financial Services (DFS) under New York Banking Law,...

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Lawsuits, Wage Laws Drive Juno Ride-hailing Firm To Bankruptcy
Lawsuits, Wage Laws Drive Juno Ride-hailing Firm To Bankruptcy
November 20, 2019  |  Gig Economy

Minimum wage and maximum impact? To that end, in New York, the ride-hailing firm known as Juno (operated by Israeli firm Gett), filed for bankruptcy...

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WeWork Under Investigation By NY AG
WeWork Under Investigation By NY AG
November 19, 2019  |  Legal & Regulation

Sources have told Reuters that WeWork is under investigation by the New York State Attorney General (NYAG). While a spokesman for the NYAG declined to...

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