CFPB Monitor

SEPTEMBER 18, 2023

As readers may recall, California previously attempted to enact a “Digital Financial Assets Law” with the introduction of AB 2269 in February 2022. Continue Reading

California 78

California Operations Report Regulation 78

PYMNTS

JUNE 25, 2020

In today’s top news, Wirecard files for insolvency, and New York proposes easing regulations for cryptocurrency licenses. Plus, California seeks a court order to make Uber and Lyft classify drivers as employees. New York To Ease Cryptocurrency Regulations. California Seeks Court Order To Make Uber, Lyft Drivers Employees.

New York 248

New York cryptocurrency Regulation Samsung 248

PYMNTS

MAY 4, 2020

California Gov. Instead, he told a news conference that the state will issue new guidance for California food and dining establishments on Thursday (May 7).

California 173

California Conference Survey US 173

CFPB Monitor

MAY 3, 2021

On April 23, 2021, the California Department of Financial Protection and Innovation (“DFPI”) issued proposed regulations to implement the Debt Collection Licensing Act (“DCLA”). Section 1850.9 – Requires fingerprinting through the California Department of Justice. Spring Street, Suite 15513, Los Angeles, California 90013.

California 78

California Regulation Los Angeles Innovation 78

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JANUARY 17, 2020

Sezzle , the California-based alternative payments lender, announced Thursday that it was finally approved by the state’s Department of Business Oversight ( DBO ) for a lending license. The DBO’s approval means that Sezzle can now continue to operate seamlessly in the state and continue to act as the leading U.S.-based

California 130

California Lending Trends Payments 130

CFPB Monitor

JUNE 15, 2022

The California Department of Financial Protection and Innovation (DFPI) has issued proposed regulations to implement provisions of the California Consumer Financial Protection Law (CCFPL) pertaining to consumer complaints and inquiries. Comments are due by July 5, 2022. Highlights of the proposal include: Complaint Initiation.

California 78

California Regulation Report Policies 78

CFPB Monitor

SEPTEMBER 10, 2020

As part of California’s recent triad of consumer financial services legislation, including AB-1864 , which creates the Department of Financial Protection and Innovation and the California Financial Protection Law, and AB-376 , which includes a new Student Loan Borrower Bill of Rights.

California 122

California Regulation Innovation Lending 122

PYMNTS

NOVEMBER 9, 2020

Regulation. EU Gears Up To Propose New Big Tech Regulations. Australian Regulator Looks Into Merger Law Changes. Foreign companies operating in Turkey that reach more than 1 million people daily have been told about some of the rules they need to comply with,” Sayan said on social media.

Regulation 211

Regulation social media Compliance California 211

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JANUARY 29, 2018

California is pressing forward with efforts to provide legal banking services to marijuana businesses as cannabis companies struggle to get banked. Reports in The San Francisco Chronicle said California policymakers introduced a bill last Thursday (Jan.

California 112

California San Francisco Taxes Conference 112

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

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. Servicers have been operating without final rules since the Student Loan Servicing Act became effective on July 1, 2018.

California 68

California Regulation Compliance Operations 68

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. regulators are searching for solutions that can make the privacy landscape more cohesive, with Sen. Sixty-three percent of U.S.

Regulation 154

Regulation Data US Washington 154

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. Facebook will transition its U.K. Facebook’s U.K.

California 143

California social media Apple Google 143

PYMNTS

OCTOBER 7, 2019

California Governor Gavin Newsom has signed legislation allowing for the establishment of public banks in the state, and advocates in San Francisco are jumping at the opportunity. Small businesses are another top focus for proponents of public banks, particularly in California’s legal marijuana industry.

San Francisco 101

San Francisco California North Dakota Community 101

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

California 100

California Cards Sacramento Texas 100

CFPB Monitor

SEPTEMBER 8, 2020

We previously wrote about California Governor Newsom’s 2020-2021 Budget and an accompanying trailer bill that would rename the Department of Business Oversight (“DBO”) and significantly increase its ability to oversee financial services providers in the state. California Consumer Financial Protection Law. Register here. the “CFPA”).

California 78

California Innovation Regulation Report 78

PYMNTS

MARCH 27, 2020

While the advancement of open banking regulations may be seeing a small skip due to the spread of the coronavirus , many countries saw business and typical banking operations halted right after deciding upon new online privacy rules. Considering t he global nature of COVID-19, regulators outside of the U.S. Security .

Data 199

Data Retail US California 199

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

PYMNTS

FEBRUARY 19, 2018

Across the industry, from carmakers and road regulators to bike share programs, companies are looking to unattended retail tech to improve efficiency and unlock new revenue opportunities. Government agencies regulating the roads want to get their hands on unattended retail technology as well. Going unattended to get more convenient.

California 109

California Report Sacramento Retail 109

PYMNTS

JANUARY 12, 2020

Uber will cease operating in Colombia at the end of the month, the company said in a statement. But the fact that the ruling caused the company to suspend services in the country shows that regulation has the power to seriously hamper companies as large as Uber.

Regulation 146

Regulation Operations Company Marketing 146

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. This CPRA provision becomes operative in January 2023. Enforcement updates.

California 78

California Tools Conference Policies 78

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

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.

Compliance 131

Compliance CA California Data 131

CFPB Monitor

SEPTEMBER 21, 2018

California Governor Jerry Brown has signed into law Assembly Bill 38 , which significantly modifies the scope, administration, and servicing requirements of the state’s Student Loan Servicing Act. However, an out-of-state entity is still deemed to be servicing “in this state” if it services loans to California residents.

California 60

California Regulation Meeting System 60

PYMNTS

OCTOBER 12, 2020

billion as of a funding round from last February, and the company is one of the new kinds of financial institutions operating in the digital realms and seeking to become a traditional institution. Revolut's bank charter will be with California, but it will allow the bank to operate anywhere in the U.S., Revolut is valued at $5.5

San Francisco 268

San Francisco Wyoming US Utah 268

PYMNTS

MAY 4, 2017

Then, companies working to develop the technological means for cars to drive themselves have levied more than a few criticisms against proposed regulation changes in the state of California. sales operations. Apple, for one, is hoping that California will work to toughen some of its current self-driving road test policies.

California 100

California Policies Company Apple 100

PYMNTS

FEBRUARY 13, 2019

The Colorado Department of Revenue has revealed that the state’s regulated marijuana industry sales have topped $6 billion since sales began in 2014. Last year, regulated marijuana sales in Colorado were nearly $1.55 In comparison, California ‘s marijuana market has struggled since sales began in January 2018.

Industry 155

Industry Colorado Taxes California 155

PYMNTS

DECEMBER 12, 2016

9), Michigan became the first state in the union to pass statewide, comprehensive self-driving vehicle regulations that allow autonomous vehicles to drive … well, autonomously. As of now, only motor vehicle manufacturers can operate self-driving car networks in Michigan. On Friday of last week (Dec.

Michigan 100

Michigan Regulation Florida Apple 100

PYMNTS

AUGUST 25, 2016

That focus provides insights into the direct link between lenders, their SME borrowers and the communities in which those businesses operate. But Clearinghouse CDFI can also offer interesting insight into the state of regulation of small business lending and how greater oversight may impact the SMEs that prop up their local communities.

Regulation 100

Regulation Lending Community California 100

CFPB Monitor

SEPTEMBER 8, 2022

The August 31 closing of the California legislative session likely marked the end of hopes for an extension of the limited exemptions for employee and business-to-business (B2B) data that have existed for the California Consumer Privacy Act (“CCPA”) since its inception.

California 78

California Resources Policies Data 78

Payments Source

MARCH 17, 2020

The Australian firm agreed to pay around $1 million in connection with allegations that it broke the law by operating without a license in the nation's largest state.

California 82

California National Operations Industry 82

PYMNTS

MARCH 18, 2020

The Federal Deposit Insurance Corporation ( FDIC ) is setting new regulations for FinTechs and industrial banks that will enhance transparency and establish record-keeping requirements, the agency said on Tuesday (March 17). In 1987, parent banks were allowed to bypass FDIC oversight and regulations. .

FDIC 142

FDIC Fintech Industry Regulation 142

PYMNTS

MAY 24, 2019

Microsoft , for one, recently made a major move by acquiring Express Logic , a California-based company that develops operating systems for microcontrollers, which are key components of many IoT devices. Currently, Express Logic operating systems are installed in 6.2 billion IoT devices globally.

California 188

California San Francisco Charlotte Security 188

PYMNTS

NOVEMBER 26, 2018

The lawsuit was moved to a federal court in California last week. According to the court documents, Blue Apron’s website states that “we win together, not alone; we operate with integrity.”. “If Blue Apron has food processing plants in New Jersey, Texas, and California, where this suit was filed.

California 169

California Iowa Arkansas New Jersey 169

PYMNTS

SEPTEMBER 14, 2020

has said that it was chosen to be ByteDance’s “trusted technology provider” that will take over TikTok's American operations, and Alibaba is considering an investment in Grab. Plus, new regulations in China will make Ant Group support any payments, lending or finances with substantial funds. California-based Oracle Corp.

Technology 148

Technology Groups US Payments 148

PYMNTS

JANUARY 2, 2020

These financial institutions ( FIs) have recognized how this regulation has affected the EU financial ecosystem, and they have passed that familiarity onto the merchants and payment providers that work with them. One of the latest countries to adopt PSD2 is Turkey, where its parliament just passed support for open banking regulations.

Regulation 131

Regulation California Regional Fintech 131

PYMNTS

SEPTEMBER 25, 2019

The legislation aims to ensure that state-authorized and regulated cannabis businesses are not forced to operate with cash only. Committee Chairwoman Maxine Waters of California voiced her support of the legislation, as well as calling for the House Judiciary Committee to advance legislation to address the criminalization of marijuana.

Ohio 235

Ohio Colorado Washington California 235