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.

California 130

California Retail Compliance Data 130

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.

Regulation 175

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.

California 78

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

California 100

California Cards Sacramento Texas 100

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.

CA 132

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.

CA 133

CA Data California Capital 133

PYMNTS

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”).

California 78

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.

California 60

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.

Security 233

Security New York Atlanta Fraud 233

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.

California 68

California Regulation Compliance Operations 68

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 (..)

Regulation 74

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.

Compliance 100

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. .

Regulation 78

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.

California 68

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.

Data 179

Data Compliance Security eBook 179

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.

San Francisco 168

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.

Regulation 100

Regulation California Community Bank Cards 100

PYMNTS

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.

New York 200

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.

Los Angeles 223

Los Angeles Fraud New York California 223

American Banker

JANUARY 8, 2024

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

California 85

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.

Fintech 176

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.

California 69

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.

Compliance 130

Compliance Industry California Taxes 130

CFPB Monitor

MARCH 15, 2022

In 2019, California enacted AB 539 which, effective January 1, 2020, limited the interest rate that can be charged on loans of $2,500 to $10,000 by lenders licensed under the California Financing Law (CFL) to 36% plus the federal funds rate. Section 160.110(d). Section 7.4001(e).

California 78

California Innovation Utah West Virginia 78

Payments Source

DECEMBER 31, 2019

A California regulator on Monday denied a lending license to the point-of-sale financier Sezzle in a detailed written decision that could have broader consequences for upstart consumer lenders.

California 64

California Lending Regulation Compliance 64

CFPB Monitor

SEPTEMBER 10, 2020

In 2019, California enacted AB-539, the Fair Access to Credit Act (FACA), which, effective January 1, 2020, limits the interest rate that can be charged on loans of $2,500 to $10,000 by lenders licensed under the California Financing Law (CFL) to 36% plus the federal funds rate. A number of states have challenged these regulations.

Utah 78

Utah California FDIC West Virginia 78

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 10, 2021

At the press conference, California Attorney General Rob Bonta summarized the first year of enforcement of the CCPA and provided specific examples of actions businesses have taken to rectify alleged violations following receipt of a notice of noncompliance. Enforcement updates. This CPRA provision becomes operative in January 2023.

California 78

California Tools Conference Policies 78

American Banker

FEBRUARY 3, 2025

The devastation of communities across Southern California will, inevitably, cause tremendous stress on the banks that serve them. This should be a wake-up call for regulators to take climate risk more seriously.

California 60

California Community Regulation Policies 60

CFPB Monitor

AUGUST 12, 2021

SB 1235 requires the DFPI to issue regulations implementing the specific requirements of the disclosures that must be given to recipients. Compliance with the new disclosure requirements is not required until the DFPI’s final regulations become effective. Modifications to the proposal were issued in April 2021.

CA 78

CA Regulation California New York 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. The discussions were healthier, more compliance-focused, and with little expectations that banks were going to offer crypto to their customers any time soon.

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Conference Las Vegas Fraud Data 221

PYMNTS

NOVEMBER 7, 2019

Earlier studies found a surprising lack of both consumer and merchant awareness about the European Union’s Strong Customer Authentication (SCA) and second Payment Services Directive ( PSD2 ) regulations. Only 63 percent of compliance laggards said the same. Post-SCA deadline, a lack of readiness persists. The Benefits of SCA .

Regulation 123

Regulation Survey California Retail 123

CFPB Monitor

NOVEMBER 8, 2021

The California Department of Financial Protection and Innovation has published a fourth round of modifications 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 Compliance 78

PYMNTS

OCTOBER 24, 2018

When it comes to data privacy, it’s not all about General Data Protection Regulation (GDPR), and it’s not all about Europe. and in the wake of GDPR, which of course took effect in May, there exists the California Consumer Privacy Act of 2018, known colloquially as CCPA. Here in the U.S.,

Data 122

Data US California Guidelines 122