PYMNTS

JANUARY 2, 2020

Sezzle and other BNPL firms, which give young shoppers easy credit to spend online, have recently grown in use , but their business model has drawn increased scrutiny from regulators, concerned over whether this financial arrangement is essentially a traditional bank loan.

CA 130

CA Lending California Minnesota 130

PYMNTS

DECEMBER 18, 2019

One key state law that is in place, and which help inform other laws, as has been reported, exists with the California Consumer Privacy Act, which in turn can be traced to the General Data Protection Regulation (GDPR) mandated by the European Union.

CA 130

CA Company California Data 130

CFPB Monitor

AUGUST 12, 2021

SB 1235, codified at CA Financial Code (Code) sections 22800-22805, requires a “provider,” meaning a person who extends a specific offer of “commercial financing” as defined in Code section 22800(d) to a recipient, to give the recipient certain disclosures at the time the provider extends the offer.

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CA Regulation California New York 78

PYMNTS

SEPTEMBER 26, 2019

Once the new law takes effect, the California attorney general will overnight become one of the most powerful privacy regulators in the world,” Lindsey Tonsager, partner at global law firm Covington, told FT. Now companies are scrambling to meet the requirements by the time the law takes effect.

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CA Company California US 116

CFPB Monitor

APRIL 14, 2021

The California Department of Financial Protection and Innovation (DFPI) has issued modifications to its proposed regulations to implement SB 1235, the bill signed into law on September 30, 2018 that requires consumer-like disclosures to be made for certain commercial financing products, including small business loans and merchant cash advances.

CA 78

CA Regulation California New York 78

CFPB Monitor

AUGUST 19, 2019

The California Department of Business Oversight (DBO) has issued proposed regulations to implement SB 1235 , the bill signed into law in September 2018 that requires consumer-like disclosures to be made for certain commercial financing products, including small business loans, merchant cash advances, and factoring. Rules for calculating APR.

Regulation 68

Regulation CA California Lending 68

CFPB Monitor

DECEMBER 5, 2018

Companies providing such financing are not required to comply with the new disclosure requirements until the DBO’s final regulations become effective. The DBO’s invitation provides an important opportunity for providers of commercial financing products to engage with and educate the DBO as it develops proposed regulations.

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CA Regulation Policies Examples 74

PYMNTS

JUNE 26, 2019

Federal Reserve plans to hold Facebook ’s cryptocurrency, Libra , to high standards when it comes to consumer protection and regulation. The Fed won’t be the only regulator taking a close look at Libra. The international Financial Stability Board (FSB) and the U.K.’s financial system.

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CA social media cryptocurrency Regulation 128

CFPB Monitor

AUGUST 10, 2021

The California Department of Financial Protection and Innovation (DFPI) has issued proposed amendments to its regulations implementing the Pilot Program for Increased Access to Responsible Small Dollar Loans (Pilot Program). Initially effective from 2014 to2018, the Pilot Program’s sunset date was extended to January 1, 2028.

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California Regulation CA Innovation 78

CFPB Monitor

NOVEMBER 8, 2021

Compliance with the new disclosure requirements is not required until the DFPI’s final regulations become effective. The small number of changes made by the DFPI in the fourth modifications suggests that the DFPI is close to finalizing its proposal.

CA 78

CA Regulation California Compliance 78

CFPB Monitor

JUNE 15, 2022

The California Department of Financial Protection and Innovation (DFPI) has issued final regulations to implement SB 1235, the bill signed into law on September 30, 2018 that requires consumer-like disclosures to be made for certain commercial financing products, including small business loans and merchant cash advances. .

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California Regulation CA Utah 78

PYMNTS

MARCH 3, 2017

Overview: Join Hannah Preston, Solution Strategist, Payment Security Division, CA Technologies and Karen Webster, CEO, Market Platform Dynamics, on Thursday, March 30th, at 1:00 PM (EST), to learn how authentication is evolving; how it could transform your security and user experience; and how you can tackle the choices and consequences.

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Security CA Customer Experience User Experience 100

PYMNTS

OCTOBER 20, 2016

On Wednesday, November 2nd at 1:00 PM (EST) join ecommerce advisors James Rendell, CA Technologies ; Paul Baker, Mastercard ; and Karen Webster, Market Platform Dynamics for a live digital discussion surrounding 3D Secure 2.0. Vice President, Product Management, Payment Security at CA Technologies. – Successful 3DS 2.0

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Security CA Cards Strategy 100

PYMNTS

JUNE 8, 2016

On Tuesday, June 28th at 1:00 PM (EST) join Karen Webster, CEO of MPD and CA Technologies presenters Carol Alexander, Senior Director of Product Marketing for Advanced Authentication and Payment Security Solutions, and Hannah Preston, Solution Strategist, Payment Security Division, as they discuss regulatory disruption. Hannah Preston.

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CA Payments Security Customer Experience 100

PYMNTS

DECEMBER 7, 2017

The state of California’s insurance regulator is aiming to suspend or revoke the insurance licenses from Wells Fargo due to illicit sales practices with an online referral program. We have been cooperating with the CA Department of Insurance (DOI) over the course of this year.” The OCC gave the bank until Nov. 24 to respond.

California 108

California CA Regulation Policies 108

CFPB Monitor

JANUARY 13, 2020

The governors of California and New York have both proposed to expand the authority of their respective state’s consumer financial services regulator. Licensing and examining new industries “that are current under-regulated”. Enacting legislation that would give the DFS authority to license and regulate debt collectors.

CA 78

CA California New York Regulation 78

CFPB Monitor

NOVEMBER 29, 2021

The proposal sets forth registration application procedures and designates the Nationwide Multistate Licensing System & Registry to handle all applications, registrant filings, and fee payments on behalf of the DFPI.

CA 78

CA California Regulation Innovation 78

South State Correspondent

JANUARY 16, 2024

Barings Bank, Orange County (CA), Enron, Long-Term Capital Management, and other entities misused derivatives or didn’t understand the difference between hedging and speculating. BSBY was not well received by US regulators from its inception, but the market eventually embraced SOFR over BSBY.

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Community Bank Community Compliance CA 195

PYMNTS

JUNE 19, 2019

Facebook is facing more opposition regarding its cryptocurrency , with Congresswoman Maxine Waters (D-CA), chairwoman of the House Financial Services Committee, calling for a moratorium on the digital currency. Facebook has data on billions of people and has repeatedly shown a disregard for the protection and careful use of this data.

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cryptocurrency CA blockchain Regulation 111

PYMNTS

FEBRUARY 23, 2018

Regulated by the Central Bank of Kenya, the platform gives users access to bank services through partnerships with local banks, even if they don’t have a bank account. The report explicitly recommended that the Communications Authority of Kenya (CA) break up Safaricom, the biggest firm in Kenya by market value. million users — 71.9

Google 111

Google Mobile CA Payments 111

CFPB Monitor

AUGUST 4, 2020

Recently, the federal banking regulators issued four new sets of examination procedures. The booklet contains examination procedures regarding supervision of OCC-regulated banks and savings associations related to Section 5 of the Federal Trade Commission Act (“UDAP”) and Sections 1031 and 1036 of the Dodd-Frank Act (“UDAAP”).

Handbook 78

Handbook Regulation CA Exercises 78

PYMNTS

APRIL 25, 2017

Other concerns are that the OCC doesn’t understand FinTech and therefore shouldn’t regulate it. Some are concerned the OCC is hurting innovation, while others think it’s overstepping its limits. Among the states that have issue with it are New York, Florida, Ohio and California. Take New York as one example.

Fintech 109

Fintech Ohio Florida Oregon 109

Money and Payments

JUNE 22, 2019

Quite some politicians and regulators are eager to quickly respond and that is completely understandable. The information pack (download here) also outlines more technical details on programming languages, future plans and committment to regulatory compliance. Facebook is not.

CA 64

CA Analysis Compliance Regulation 64

PYMNTS

JUNE 20, 2019

Facebook, I believe, has made quite broad rounds around the world with regulators, supervisors and lots of people to discuss their plans and that certainly includes us,” Powell said on Wednesday (June 19), according to CNBC. Libra is designed to be a stablecoin, pegged to the value of government-issued currencies.

cryptocurrency 108

cryptocurrency CA social media Regulation 108

CFPB Monitor

SEPTEMBER 29, 2021

The New York Department of Financial Services has issued a proposed regulation to implement S 5470–B , which requires consumer-like disclosures for “commercial financing” transactions of $2.5 The proposed regulation would give the provisions added by S 5470-B to the Financial Services Law the title “Commercial Finance Disclosure Law” (CFDL).

Regulation 78

Regulation New York California Examples 78

PYMNTS

MARCH 16, 2016

Although the CFPB has claimed, in many cases, that it allows many smaller banks and credit unions to be exempt from many of the regulations, the congressional members have expressed fear that the bureau may not be doing enough to ensure those smaller financial institution aren’t unnecessarily regulated.

Community Bank 100

Community Bank Community CA Regulation 100

CFPB Monitor

FEBRUARY 9, 2021

The CCFPL gives the DFPI new rulemaking and enforcement authority over “covered persons” relating to unlawful, unfair, deceptive, or abusive acts and practices and defines the term “covered persons” expansively to include many entities that previously were not subject to DBO oversight or oversight by a primary regulator.

CA 78

CA Company Innovation California 78

PYMNTS

JULY 11, 2019

The Decentralized Identity Foundation (DIF) has been working with corporations and regulators to one day reach this goal, but the foundation’s co-founder, Wayne Vaughan, has some concerns surrounding Libra’s impact on the future of digital identity. I think that regulators and governments might insist on something like that.”.

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cryptocurrency Regulation Security CA 124

CFPB Monitor

MARCH 19, 2020

In this podcast, we discuss the latest modifications to the proposed CCPA regulations with Lauren Valenzuela, Corporate Counsel for Performant Financial, a provider of technology-based solutions to assist debt recovery.

Regulation 60

Regulation CA Industry Data 60

CFPB Monitor

JANUARY 7, 2020

Whether the transaction would be regulated under another law: Finally, the DBO states that the application of another statutory scheme to the transactions would be a factor weighing in favor of finding the transactions to fall outside the CFL. Concrete Prods. Gosh Constr.

CA 78

CA California Regulation Analysis 78

PYMNTS

SEPTEMBER 6, 2016

That’s the backdrop for the nearly hour-long conversation that Karen Webster had about the role of payments security in digital business transformation with CA Technologies Director of Payments Security James Jenkins. CA Technologies’ Roadmap. Here are the highlights of that conversation.

Security 100

Security CA Payments Big Data 100

CFPB Monitor

MAY 6, 2021

Officially titled the “Trade Regulation Rule Concerning Preservation of Consumers’ Claims and Defenses,” the Holder Rule requires sellers that arrange for or offer credit to finance the purchase of consumer goods or services to include a specified “holder notice” in the credit contract. HNL Automotive Inc. ,

CA 78

CA Exercises California Regulation 78

PYMNTS

SEPTEMBER 20, 2018

Headquartered in San Mateo, CA, Marketo has offices around the globe. “The acquisition of Marketo widens Adobe’s lead in customer experience across B2C and B2B, and puts Adobe Experience Cloud at the heart of all marketing.”.

CA 143

CA Customer Experience Leadership Software 143

CFPB Monitor

JANUARY 7, 2022

Among BBBB’s arguments rejected by the appellate court was its argument that consumer protection laws did not apply to bail bond transactions because the bail bond industry is governed by a separate statutory scheme—the Bail Bond Regulatory Act and its implementing regulations.

CA 78

CA California Regulation Payments 78

South State Correspondent

OCTOBER 26, 2023

As can be seen, the conference largely revolved around payments, artificial intelligence, fintech partnerships/management, regulation, and fraud/identity in its various forms. This bill of “personal financial data rights” is similar to the California Privacy Protection Act that is already in force for banks doing business in CA.

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Conference Las Vegas Fraud Data 221

PYMNTS

MARCH 22, 2019

Representative Maxine Waters (D-CA) called for Sloan to step down from his job earlier this month, after it was revealed that he received a $2 million bonus last year. “It It is outrageous, and wholly inappropriate, that the bank has rewarded Mr. Sloan with a $2 million bonus for 2018,” Waters said in an emailed statement.

San Francisco 100

San Francisco Charlotte CA New York 100

PYMNTS

MARCH 15, 2019

An anti-money laundering resolution presented by Congresswoman Maxine Waters (D-CA) passed by a voice vote on Thursday (March 14). The resolution — H. 206 — was presented as part of Sunshine Week and aims to shed light on money laundering and terrorism finance. “I I rise in strong support of H.

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US CA United States Industry 128