PYMNTS

AUGUST 17, 2020

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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PYMNTS

AUGUST 16, 2020

The move comes as numerous places around the world look into digital currencies for official business, including the state of California, as it moves ahead with a digital asset bill, Assembly Bill 2150. The bill originally set out to distinguish digital assets from securities.

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California Bitcoin cryptocurrency Meeting 335

PYMNTS

JUNE 24, 2020

In what could be the start of a protracted court fight, attorneys for the state of California plan to ask a judge to order Uber and Lyft to classify their ride-hailing drivers as employees rather than contractors, Reuters reported. 3, California voters will have their say. A hearing is set for Aug.

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PYMNTS

DECEMBER 16, 2020

users into new agreements with its corporate headquarters in California, effectively circumventing the European Union’s strict privacy laws, according to an exclusive report by the Reuters news service. 15) rolled out a proposal for tough new regulations for digital services that cover online marketplaces, social media and other platforms.

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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 156

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

PYMNTS

NOVEMBER 10, 2020

Atlanta payments encryption firm Bluefin is partnering with New York mobile payments processor PAAY to advance eCommerce security. Founded in 2007 by Miles and John Perry, who serves as chief executive officer, Bluefin specializes in encryption and tokenization payment and data security. . Each $1 of fraud costs retailers $3.13. .

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Security New York Atlanta Fraud 233

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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PYMNTS

MARCH 2, 2020

The California Consumer Privacy Act went into effect in January, and the European Union’s General Data Protection Regulation ( GDPR ) went into effect in 2018. On March 21, retailers doing business in New York State will be faced with a new law regarding data security.

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NJ New Jersey Regulation Data 249

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

APRIL 30, 2019

Lobbying groups and trade associations representing tech giants such as Facebook and Apple have thrown their support towards legislation that could weaken California’s landmark privacy law. Second, receiving and verifying consumer requests via phone calls would present security concerns in many cases.”.

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California Apple Groups Data 115

CFPB Monitor

SEPTEMBER 30, 2020

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. See Section 1788.102(b)].

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California Policies Regulation Payments 148

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 has refocused scrutiny on the open banking ecosystem’s privacy and security. The Data Privacy Twist .

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CFPB Monitor

SEPTEMBER 11, 2018

California is once again poised to set the standard for privacy and data security by enacting the first state law directed at securing Internet of Things (IoT) devices. The law was enacted contemporaneously in both the California Senate and Assembly. Notably, the law exempts certain activities from its requirements.

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California Security Data Analysis 68

PYMNTS

MARCH 25, 2019

Thus, IoT security is becoming an essential part of modern conversations. Department of Homeland Security (DHS) and data security and privacy practice chair of D.C.-based A lot of the devices we’re talking about have no security. They weren’t built with security in mind, and there really isn’t any way to patch them.”.

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Security Data Regulation Washington 205

PYMNTS

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.

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California San Francisco Taxes Conference 112

PYMNTS

NOVEMBER 11, 2019

Microsoft has promised to follow California’s privacy law throughout the United States after the regulation goes into effect on Jan. The California Consumer Privacy Act (CCPA) gives consumers in California the right to access any and all personal data that a company has on them and request that it be deleted and not sold.

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California United States Regulation Data 108

PYMNTS

SEPTEMBER 20, 2019

The lawsuit, which alleges that Ripple illegally sold unregistered securities related to the XRP cryptocurrency, could have some repercussions in the crypto world. Specifically, it could change how cryptocurrency is viewed going forward, as it seeks to answer the question of whether digital coins should be viewed as securities or not.

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Security Oakland cryptocurrency California 136

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. ” According to the report, the regulator said the unauthorized sales happened from 2008 through 2016. “We The OCC gave the bank until Nov.

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California CA Regulation Policies 108

PYMNTS

FEBRUARY 20, 2020

Regulators around the world are passing new laws to make sure ad hoc workers are properly protected, and some of these rules could have sweeping implications for businesses and their freelance partners. states are developing similar regulations. However, challenges have begun to arise as the gig economy continues to expand globally.

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Security Regulation New Jersey Payments 161

PYMNTS

MARCH 18, 2019

The Conference of State Bank Supervisors (CSBC) said last week that there should be a “floor” for data privacy and security regulations, a statement issued by the Senate Committee on Banking, Housing and Urban Affairs. He pointed to the recent enactment of the California Consumer Privacy Act of 2018 as an example.

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California Data Security Regulation 122

CFPB Monitor

DECEMBER 21, 2021

Last week, the California Department of Financial Protection and Innovation (DFPI) announced that it had entered into a consent order with Wheels Financial Group, LLC d/b/a LoanMart, a California-based company that markets and services automobile title loans. LoanMart holds a CFL license.

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California Utah FDIC Regulation 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. Around The Data Protection And Security World. Security .

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PYMNTS

MARCH 12, 2020

In other news, the Autorité des Marchés Financiers (AMF) is mulling a regulatory sandbox for security tokens, Cointelegraph reported. The endeavor is designed to look into security token offerings as well as the wider idea of financial monetary contracts based on blockchain.

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PYMNTS

SEPTEMBER 9, 2019

The issue has been a contentious one since the California State Assembly passed the controversial bill earlier this year. But California’s state courts saw the issue somewhat differently. The AB 5 has passed the California State Senate’s Appropriations Committee and is now set to move to the floor for a full vote.

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PYMNTS

NOVEMBER 27, 2018

and Dutch regulators on Tuesday (Nov. This was not only a serious failure of data security on Uber ’s part, but a complete disregard for the customers and drivers whose personal information was stolen,” ICO Director of Investigations Steve Eckersley said in a statement. regulators. Uber was hit with a fine by U.K. Of those, 2.7

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Regulation Data California Security 134

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.

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CA Regulation California New York 78

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.

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CA Regulation California New York 78

Current

DECEMBER 9, 2020

California unemployment benefits could help to see you through until your next job arrives. But signing up for California unemployment benefits can seem like a job in and of itself. In 2020, California unemployment benefits were critical for many people. In May 2020, for example, California's unemployment rate was 16.3%.

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California Taxes Online Meeting 52

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. Apple, for one, is hoping that California will work to toughen some of its current self-driving road test policies. sales operations.

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California Policies Company Apple 100

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.

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Regulation CA California Lending 68

PYMNTS

DECEMBER 18, 2019

1, the California Consumer Privacy Act will give people control over the personal information companies collect, store and share, the Associated Press reported on Wednesday (Dec. The law concerns companies that conduct business in California and includes out-of-state companies that sell to California. Starting Jan.1,

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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.

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CA Regulation California Compliance 78

PYMNTS

MAY 24, 2019

It has also raised concerns among privacy advocates and security experts, with many warning against the dangers of weak security protocols and constant vigilance. As the use of IoT devices grows, security concerns are continuing to plague the industry. Can Device Manufacturers and Governments See Eye to Eye on IoT Security?

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California San Francisco Charlotte Security 188

CFPB Monitor

FEBRUARY 21, 2019

A bill introduced last week in the California State Assembly could change the consumer lending landscape in California considerably. The CFL provides certain factors to determine whether a loan is of a “bona fide principal amount” or if there has been some artifice to evade regulation under the CFL.

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California Regulation Lending Security 68

PYMNTS

JANUARY 13, 2020

A California CFPB? News came, too, that in California, Governor Gavin Newsom is unveiling plans to create a Consumer Financial Protection Bureau (CFPB) at the state level, which, according to reports, would overhaul the existing Department of Business Oversight.

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PYMNTS

NOVEMBER 24, 2020

This uptick in online medical interactions is putting increased pressure on healthcare insurers, providers and pharmacies to digitally identify patients swiftly and accurately in a secure manner, according to Cary Breese , CEO of California-based online pharmacy and prescription delivery service NowRx. .

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Data Regulation California Security 162