Bank Innovation

FEBRUARY 26, 2020

The parameters around how consumer financial information should be shared with third-party apps and platforms was the subject of debate at an industry forum organized by the Consumer Financial Protection Bureau in Washington, D.C., on Wednesday.

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Data Washington Industry Customer Experience 300

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AUGUST 1, 2019

Investigators from the Federal Reserve carried out an inspection of Amazon ’s cloud in April as Washington looks into ways to regulate companies that provide the service. People familiar with the matter said the regulators were most interested in looking at Amazon’s resiliency and backup systems.

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DECEMBER 6, 2019

As suspicions surrounding the app’s ties to China continue to increase, TikTok chief Alex Zhu will meet with legislators in Washington, D.C. Army Secretary Ryan McCarthy told CNBC last week that the army has “immediately” prohibited soldiers from using TikTok following a national security concern that came to his attention earlier in 2019.

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SEPTEMBER 25, 2019

1595, known as the Secure And Fair Enforcement (SAFE) Banking Act, on Wednesday (Sept. The bill was sponsored by Congressmen Ed Perlmutter of Colorado, Denny Heck of Washington, Steve Stivers of Ohio and Warren Davidson of Ohio, all members of the House Financial Services Committee. House of Representatives passed H.R.

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Bank Innovation

APRIL 25, 2019

WASHINGTON, D.C. Both regulators said proving the necessary capital and profitability have been particularly difficult for […].

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JANUARY 18, 2019

Regulators in the United States have reportedly met to discuss levying fines against social media giant Facebook , a punishment that could be sizable in scope and which comes in the wake of privacy violations. The government shutdown currently underway has meant that regulators have not as of yet responded to the Friday reports.

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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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Independent Banker

FEBRUARY 16, 2015

While Washington often moves at a glacial pace, it recently came to life to enact reforms benefiting bank and thrift holding companies. These reforms—one enacted by Congress, another by regulators—are designed to improve access to capital and to even reporting requirements for community bank and thrift holding companies. By Chris Cole.

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NOVEMBER 30, 2020

He said people are talking more and more about the digital dollar, whether it’s on an individual level, in Washington or among U.S. or European central bankers and regulators. “I Privacy And Security. I think that changes the game when the government accepts [crypto],” he said.

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APRIL 14, 2020

The Financial Stability Board (FSB) – the regulatory watchdog of the Group of 20 (G-20) – warned global regulators that possible stablecoin disruptions should be addressed before Facebook’s Libra is released, according to a consultation report released on Tuesday (April 14).

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CFPB Monitor

AUGUST 29, 2018

The District of Columbia Department of Insurance, Securities, and Banking (DISB) published its final rules under the Student Loan Ombudsman Establishment and Servicing Regulation Amendment Act of 2016. The final rules became effective when published in the D.C. Register on August 10, 2018.

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FEBRUARY 5, 2019

“I think it is pretty obvious when you read stories about the payday lending industry – and how it goes wrong for customers – that consumers need a better alternative,” Onward Financial Founder Ronnie Washington said. In an effort to innovate a solution to these cash flow challenges, Washington founded Onward Financial. ”

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OCTOBER 8, 2019

New regulation principles to govern digital currencies are in the works by the European Union’s finance commissioner after fears ignited by Facebook’s planned Libra coin launch, Reuters reported on Tuesday (Oct. The EU largely rejected regulations on cryptocurrency until Libra was announced in June.

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DECEMBER 26, 2018

According to one security expert, the answer is, unfortunately, yes. founder and managing director of cybersecurity venture firm AllegisCyber , and co-founder of DataTribe , a cybersecurity startup in Washington, D.C., Will the New Year bring an increase in cyberattacks? According to Robert Ackerman, Jr., ”

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AUGUST 9, 2020

A plan by India to regulate what it terms “non-personal” data has roiled the executives of Big Tech companies like Amazon , Facebook and Google and advocates for freedom and competition in business, Reuters reported. The idea is for the companies to share data so as to spur research, national security and policymaking.

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Data US Washington Regulation 168

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JULY 11, 2019

In a first-ever congressional hearing on marijuana law reform, the House Judiciary Subcommittee on Crime, Terrorism and Homeland Security convened July 10 to debate altering federal law around cannabis, CNBC reports. Lawmakers went on the assumption that reforming federal marijuana laws is a given and used the hearing to discuss regulation.

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SEPTEMBER 15, 2020

India intends to propose legislation prohibiting digital currency trading, while other economies in Asia have opted to regulate the market, Bloomberg Qint reported. South Korea and Singapore regulate digital currency trades, while China recently let bitcoin be exchanged as virtual property instead of fiat currency.

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NOVEMBER 30, 2017

Privacy regulators of the European Union said Wednesday (Nov. According to a news report in Reuters , European data protection authorities said regulators from France, Italy, Spain, Belgium, the U.K. But it’s not just European regulators who want answers from Uber. Meanwhile, regulators in the U.K., Lawmakers in the U.S.

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MAY 8, 2019

Federal Trade Commission (FTC) is eyeing tighter scrutiny of small business lending practices as Commissioner Rohit Chopra calls on the regulator to combat predatory SMB loan contracts, reports in Bloomberg said on Wednesday (May 8). Chopra spoke at an agency forum in Washington, D.C.,

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JUNE 18, 2020

The American Gaming Association (AGA), the Washington, D.C.-based casinos are moving toward cashless gambling to protect customers and staff from the COVID-19 pandemic. based trade group for the $261 billion sector, has issued “Payments Modernization Policy Principles” that they say will guide the industry into ePayments.

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MARCH 1, 2020

Health tech startup Accolade , with headquarters in Seattle and Philadelphia, filed with the Security and Exchange Commission (SEC) to raise $100 million for an initial public offering (IPO) on Friday (Feb. Lead book-running managers for the IPO included Goldman Sachs, Morgan Stanley and BofA Securities. 28), according to reports. .

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FEBRUARY 21, 2020

The action is said to be the newest exhibit of how Washington lawmakers and regulators are taking another look at the need for incentives that had aided the growth of digital firms. It accomplishes that by threatening a critical immunity named Section 230 that firms have with federal law.

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US Washington Google Report 209

Abrigo

FEBRUARY 25, 2022

The year 2021 saw a continuation of pandemic policies and changes, a new administration in Washington , and regulatory reform from the Financial Crimes Enforcement Network ( FinCEN ). As regulators get up to speed with new FFIEC Exam Manual updates, you may need to remind them that not all groups of customers present the same risk.

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CFPB Monitor

MAY 20, 2019

As recently reported , the Washington, D.C. Department of Insurance, Securities, and Banking (DISB) published a Bulletin in late April reminding those who service student education loans in the District of Columbia of their obligation to file an annual report.

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District of Columbia Washington Report Regulation 68

CFPB Monitor

MAY 14, 2019

The Washington, D.C. Department of Insurance, Securities, and Banking (DISB) has published a Bulletin reminding those who service student education loans in the District of Columbia of their obligation to file an annual report.

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District of Columbia Washington Report Regulation 68

PYMNTS

DECEMBER 2, 2019

New York and British regulators already levied almost $700 million in fines against Deutsche in a separate $10 billion money laundering case involving the so-called “mirror trades” from Russia. Washington and Frankfurt are now inquiring about the reasons for the delay. That incident is still under investigation by the DoJ.

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SEPTEMBER 9, 2019

Microsoft President Brad Smith is concerned about how thieves are weaponizing tech, and he is berating Facebook for allowing it to fester on its network, The Washington Post reported on Sunday (Sept. regulators. Smith said social media companies should not make money from “hatemongers posting vile content” and then duck liability.

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social media Washington Tools Regulation 189

PYMNTS

MAY 26, 2016

Those services launched into virgin territory in terms of regulation — businesses of this kind had never quite existed before — and so the rules and regs in place did not quite manage to directly address them. But the events of the week indicate that this area is not likely to remain quite so gray forever. The Big Austin Loss .

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NOVEMBER 2, 2020

In 2018, the Postal Service piloted the FBI partership program at two post offices in Washington, D.C. As facial recognition advances, tech companies are trying to get ahead of regulations. Department of Homeland Security (DHS). It has grown since then and served more than 30,000 customers.

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US Washington Report Policies 191

Bank Innovation

APRIL 24, 2019

WASHINGTON, D.C. — Secretary of the Treasury Steven Mnuchin said today that he prefers private over government solutions when it comes to collecting and using consumer data for financial products and services, speaking at a fintech conference hosted here by the FDIC.

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JULY 23, 2019

The social media giant is now compelled to address a growing number of fabricated exchanges associated with its digital asset, The Washington Post reported on Tuesday (July 23). It also introduces a new programming language, Move, designed to make it more efficient and secure.

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MAY 22, 2019

Securities and Exchange Commission. This shareholder intervention should serve as a wake-up call for the company to reckon with the real harms of face surveillance and to change course,” said Shankar Narayan of the American Civil Liberties Union of Washington state. The technology has been used by law enforcement in Oregon and Florida.

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JANUARY 7, 2019

Biometrics promise to take a larger role in authentication security in 2019, helping to stop online fraud and bringing speed, efficiency and security to transactions ranging from QSR mobile-order ahead to airport car rentals. Illinois’ Role. for use of biometric data.

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PYMNTS

SEPTEMBER 5, 2019

The social media giant has been facing a lot of scrutiny over Libra, from lawmakers and regulators all around the globe. He used to be the managing director of Credit Suisse Securities, and he has other clients that include Delta Air Lines and the American Financial Services Organization. Hollier used to work for Sen.

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PYMNTS

MARCH 30, 2020

California Consumer Privacy Act (CCPA), Washington Privacy Act (WPA) and other new privacy and online transaction standards are changing how businesses interact with consumers’ data in the U.S. states are starting to implement new standards, too, with the CCPA introduced two months ago and WPA on the path to ratification in Washington.

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PYMNTS

SEPTEMBER 11, 2019

Jamal El-Hindi, the deputy director of the Financial Crimes Enforcement Network (FinCEN), spoke at the 2019 Money Transmitter Regulators Association Annual Conference on Wednesday (Sept. 11) about the importance of innovation and the regulation of non-banking financial institutions (NBFI), according to a release.

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PYMNTS

NOVEMBER 22, 2017

Retailers galore are hoping to lure shoppers with a wide array of kitchen gadgets, smart lighting kits, smart speakers, Wi-Fi robot vacuums, connected security kits and more. The regulator has further asked parents to destroy any devices they have bought, and asked schools to be on the lookout for smartwatches. A new Amazon-backed U.S.

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Survey Retail Regulation Security 182