CFPB Monitor

OCTOBER 27, 2022

Two recently-passed bills in California, Assembly Bill 2311 (“AB 2311”) and Senate Bill 1311 (”SB 1311”), were signed into law by Governor Gavin Newsom on September 13 and September 27, respectively, placing new restrictions on the sale of Guaranteed Asset Protection (“GAP”) waivers in California.

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California Security Regulation United States 148

PYMNTS

FEBRUARY 21, 2019

Data Discovery enables businesses to identify sensitive data that will require specific regulatory compliance measures. Accutive said that the combination of both solutions supports organizations’ data protection compliance and security needs under GDPR , HIPAA and other data protection regulations.

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Compliance Data Security Training 128

PYMNTS

FEBRUARY 10, 2020

And except when you’re the first retailer to get rung up under the new California Consumer Privacy Act (CCPA). The CCPA is similar to the European Union’s General Data Protection Regulation ( GDPR ), which took effect in 2018. The California law is more specific and more punitive for breaches. Except when it’s a lawsuit.

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California Retail Compliance Data 130

PYMNTS

SEPTEMBER 24, 2020

Staying abreast of these various compliance shifts can be costly and challenging for banks, but doing so is necessary to ensure that financial institutions’ (FIs) operations can run smoothly and ward off cyberattacks. Compliance, Cybercrime And The Cloud . Most banks are familiar with how quickly regulatory requirements can change.

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PYMNTS

DECEMBER 21, 2020

And that businesses operating in Europe can freely and fairly compete online just as they do offline,” top EC regulator Margrethe Vestager said in an announcement. Facebook to Migrate UK Users to California Privacy Agreement Due to Brexit. Facebook will transition its U.K. Potential new U.K.

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PYMNTS

MARCH 31, 2020

The necessity of such regulations is undeniable, however, as lagging data standards leave businesses and consumers open to fraud and boost frustration regarding the speed of digital transactions. Discussions can be further complicated by world events that change the way FIs, businesses and consumers interact. Sixty-three percent of U.S.

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Regulation Data US Washington 154

PYMNTS

SEPTEMBER 30, 2020

Consumers and businesses have been moving online in recent years, and regulators from the European Union to the Middle East and North Africa (MENA) region have worked to keep up with this migration. The pandemic is dramatically altering how merchants can transact, which data they can store and where they can store it, however.

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Regulation Data Regional Examples 175

CFPB Monitor

FEBRUARY 13, 2020

On February 7, 2020, the California Attorney General’s (AG) Office released modifications to the proposed regulations to the California Consumer Privacy Act (CCPA). The modifications incorporate amendments to the CCPA signed into law after the AG’s Office issued the proposed regulations in October 2019.

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California Regulation Compliance Guidelines 78

PYMNTS

SEPTEMBER 26, 2016

The high fees charged by private firms that are hired by the courts to operate e-filing systems and that are often passed onto consumers who pay with a credit card have been capped by a bill approved by California Governor Jerry Brown on Sept. Convenience fees charged by Tyler range from 2.75 percent to 3.5 There were 7.5 There were 7.5

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PYMNTS

DECEMBER 30, 2019

A new law in California requires companies to explain exactly what customer information, if any, is being sold to third parties, according to a report by Reuters. Retailers are rushing to achieve compliance, adding links to websites with “Do Not Sell My Info” buttons and creating signage in stores to the same effect.

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CA Retail Data California 132

PYMNTS

JANUARY 3, 2020

California has passed the California Consumer Privacy Act (CCPA), a sweeping law that forces companies to tell customers about the data they gather about them, and to allow customers to opt out of those practices. Even the attorney general is still figuring out specifics and probably won’t start enforcing the law until July.

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JULY 24, 2020

In February, Revolut raised $500 million in a round led by Menlo Park, California-based TCV, one of the largest growth equity firms. The latest infusion of cash comes from TSG Consumer Partners , a San Francisco-based private equity company, TechCrunch reported. Last week, Revolut, which recently debuted in the U.S.

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San Francisco Fintech cryptocurrency New York 255

CFPB Monitor

NOVEMBER 9, 2020

On November 4, 2020, California voters approved of the ballot initiative Proposition 24, more commonly known as the California Privacy Rights Act (the “CPRA”). The CPRA goes into effect on January 1, 2023, and will expand several of the existing protections in the California Consumer Privacy Act (the “CCPA”).

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California Groups Data Compliance 78

CFPB Monitor

OCTOBER 14, 2019

The California Attorney General’s Office released its long-awaited proposed CCPA regulations last week. respond to consumer requests to access or delete household information; respond to requests to opt-out; respond to requests to opt-in after consumers exercise their right to opt out of the sale of personal information; and.

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California Regulation Exercises Compliance 60

PYMNTS

NOVEMBER 10, 2020

PAAY’s latest utility set “combines 3DS, hardware-based encryption, and vaultless tokenization to provide merchants a liability shift, strong customer authentication, data confidentiality, and compliance with the General Data Protection Regulation (GDPR) and the Payment Services Directive 2 (PSD2),” according to the statement.

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SEPTEMBER 27, 2018

There were also warnings that a “patchwork” of privacy laws across various states would hurt businesses, as well as concerns that compliance costs could also do harm. But Dimitri Sirota, CEO of BigID , a data privacy firm that helps enterprises with GDPR compliance, isn’t convinced that compliance with U.S. In terms of a U.S.-wide

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Apple Google Compliance California 168

CFPB Monitor

APRIL 5, 2019

The California Department of Business Oversight has sent an email to servicers notifying them of the publication of its final student loan servicer regulations , which became effective March 28, 2019. The rules create seven new articles under a new chapter of the California Code of Regulations.

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California Regulation Compliance Operations 68

PYMNTS

DECEMBER 28, 2020

Facebook is turning off a number of functions in its Instagram and Messenger apps for European users after new a European Union regulation called the “ePrivacy directive” began covering messaging apps as of Dec. It takes time to rebuild products in a way that work seamlessly for people and also comply with new regulation.”.

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Compliance Google Apple Texas 148

CFPB Monitor

NOVEMBER 14, 2019

In this podcast, we discuss the key aspects of the recently-proposed regulations to implement the CCPA, identify issues clarified by the proposal or left unresolved, compliance challenges raised by CCPA requirements for financial incentives and consumer requests received by large businesses, next steps (including the likely timeline for final regulations (..)

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Regulation California Compliance 74

Independent Banker

DECEMBER 31, 2022

The FDIC issued guidance about the consumer compliance risks associated with assessing NSF arising from the re-presentment of the same unpaid transaction. On May 5, 2022, the federal bank regulators jointly released a notice of proposed rulemaking (NPR) to strengthen and modernize the Community Reinvestment Act (CRA) regulations.

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Compliance FDIC Community Bank Community 100

CFPB Monitor

JUNE 2, 2022

In a surprising development, the California Privacy Protection Agency (CPPA) published proposed amendments to the CCPA regulations recently. The proposed amendments—which in effect are the draft CPRA regulations—were issued without advance notice, ahead of the schedule previously announced by the CPPA. .

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Regulation California Exercises Compliance 78

CFPB Monitor

FEBRUARY 27, 2019

New proposed legislation in California, backed by state Attorney General (“AG”) Xavier Becerra, would amend the new California Consumer Privacy Act (“CCPA”) to make it easier for private plaintiffs and public officials to sue for violations while further increasing regulatory uncertainty and compliance costs for businesses.

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California Compliance Regulation Data 68

PYMNTS

NOVEMBER 6, 2018

PCI compliance is vitally important for businesses that process credit cards. That’s why utilizing tokenization to eliminate the need to store sensitive data in the first place can reduce scope and simplify compliance, said John Noltensmeyer, TokenEx’s Head of Global Privacy and Compliance Solutions.

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Data Compliance Security eBook 179

PYMNTS

AUGUST 14, 2020

The Privacy Collective , a London nonprofit whose mission is to protect privacy, has filed suit with the District Court of Amsterdam, accusing the software companies of breaching the European Union’s General Data Protection Regulation (GDPR) in their processing and sharing of people’s information by third-party tracking cookies.

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San Francisco Software Data California 195

PYMNTS

JUNE 14, 2018

If so, some European regulators might like what’s going on with California in regards to digital privacy. This fall, voters in California will vote on a ballot initiative called the California Consumer Privacy Act. The act “brings GDPR [General Data Protection Regulation] to the U.S.,” Reece Hirsch and Ellie F.

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California US Regulation Analysis 125

PYMNTS

JANUARY 11, 2019

Excuse the hyperbole, but Google (and other search engines) dodged a bullet this week when it came to privacy regulations that come out of the European Union and then influence other jurisdictions. Google ran afoul of France’s national privacy regulator about three years ago for allegedly violating that right. One example?

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Google Regulation Course California 191

PYMNTS

OCTOBER 6, 2016

Internet-based sharing economy firms have so far managed to skirt rules that hold users accountable to local regulations. The company has done the same in Santa Monica, Southern California and may take action against New York if a state bill is signed by the governor. Airbnb is doubling down too citing a decades-old U.S.

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San Francisco Pennsylvania Regulation Florida 168

PYMNTS

APRIL 10, 2017

The lead regulator for U.S. The OCC also lowered its overall score of Wells Fargo’s compliance with community banking laws to “needs to improve.”. banks, the Office of the Comptroller of the Currency, removed Wells Fargo’s most senior bank examiner, people familiar with the matter told Reuters. Maxine Waters, U.S.

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Regulation California Community Bank Cards 100

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JANUARY 9, 2019

The Supreme Court sent the case back to the Second Circuit, deciding that the case was a regulation of commercial speech. The striking down of the ban in New York comes on the heels of similar challenges that eliminated bans on passing along credit card fees in Florida, California and Texas.

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New York Cards Florida Texas 200

PYMNTS

DECEMBER 30, 2020

Another provision of the deal requires that the Los Angeles, California company keep updated compliance and ethics procedures to stop cybercrime. The deal resolves the five criminal counts including wire fraud, conspiracy and computer intrusion. Further, Ticketmaster will have to report to the U.S.

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Los Angeles Fraud New York California 223

PYMNTS

DECEMBER 14, 2020

The Commission Nationale de l’Informatique et des Libertés (CNIL), the French data protection watchdog, has hit Amazon and Google with significant financial penalties for allegedly contravening regulations on the digital advertising trackers known as “cookies,” CNBC reported. Amazon was told to pay 35 million euros (approximately $42.5

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Google social media Compliance Regulation 132

American Banker

JANUARY 8, 2024

The legislation is the latest step in California's effort to crack down on high-cost small-business loans.

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California Compliance Lending Regulation 85

PYMNTS

MAY 1, 2020

The Media Rating Council (MRC) review found that the California-based social media giant has failed to address advertisers’ concerns arising from an Ernst & Young audit over how it measures and reports data about video advertisements. . Facebook Inc. advertisers probably won’t “like” its subpar rating from a media industry watchdog.

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social media Video New York California 233

PYMNTS

APRIL 2, 2019

At the same time, a lack of logistics and B2B service providers compliant with state regulations, and familiar with the products, is also a rising concern for industry players. For companies like GrowGeneration, LeafLink and Grupo Flor, compliance will be front and center to managing a consistently changing regulatory landscape.

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Fintech Compliance Industry California 176

American Banker

AUGUST 23, 2023

A new state regulation brings consumer-style rules to the small business realm, extending California regulators' ability to crack down on nonbank lenders that engage in questionable practices. Observers believe that it could be a model for other states.

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California Lending Regulation Compliance 69

Payments Source

MAY 13, 2019

Manuel Alvarez, who became commissioner of the Department of Business Oversight on Monday, is the former general counsel and chief compliance officer at the online lender Affirm.

California 63

California Regulation Fintech Compliance 63

PYMNTS

OCTOBER 3, 2019

In addition to an eCommerce platform enabling cannabis businesses to legally procure inventory, Dama Financial will facilitate compliance financial transactions between B2B vendors and merchants. Venegas in the announcement. Last week the U.S.

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Compliance Industry California Taxes 130