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California Cops Enlist Drones For Lockdown Enforcement

PYMNTS

A police department in California is going to use drones equipped with loudspeakers to help enforce the state lockdown orders imposed due to the coronavirus, according to a report by the Financial Times. There are many use cases for drones that can aid the nation,” said Lisa Ellman, the group’s executive director.

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Cybersecurity Firm FireEye Hacked By Suspected Nation-State

PYMNTS

The cybersecurity firm FireEye — which counts numerous government agencies among its clients — said in a blog post that its proprietary tools were hacked by a suspected nation-state. “We The company has cybersecurity clients across the national security space in the U.S., reports Reuters. “We

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Today In Payments: California Proposes Financial Watchdog; Germany Launches Investigation Into Amazon

PYMNTS

In today’s top news, California lawmakers propose a financial watchdog at the state level, and Germany launches an antitrust investigation into Amazon. California Proposes Financial Watchdog Agency. Plus, the Federal Reserve is working with MIT to explore the use of digital currency. Germany Launches Investigation Into Amazon.

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FinTech Firms Ease Resistance To California SMB Borrower Protection Rules

PYMNTS

However, lawmakers in California are getting closer to making legislation that would protect small business borrowers using alternative lending platforms, with industry players working with policymakers to make the new rules palatable for everyone. California Governor Jerry Brown signed the bill into law late September.

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OCC allows banks affected by California wildfires to close

ABA Community Banking

The OCC issued a proclamation allowing national banks, federal savings associations and federal branches and agencies of foreign banks to close offices in areas of California affected by wildfires. The post OCC allows banks affected by California wildfires to close appeared first on ABA Banking Journal.

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Coronavirus Refunds: AAA Southern California Plans To Reimburse $59M In Premiums

PYMNTS

The Automobile Club of Southern California intends to give back approximately $59 million in premium reimbursements to those who have policies as the coronavirus ongoing effects occur, the Orange County Business Journal reported. Some organizations are refunding a portion of monthly auto premiums.

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California Student Borrower Bill of Rights Becomes Law

CFPB Monitor

California Governor Gavin Newsom has signed into law the Student Borrower Bill of Rights, AB 376 , as part of a package of consumer protection legislation. Like the licensing law, the Act applies to servicers located in California or whose activities are “directed to” persons inside California.