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Tencent Gathers Autonomous Tech Team In CA

PYMNTS

We are building a research team for our Auto-drive Team based in Palo Alto, CA,” the company said in job advertisements on LinkedIn, according to Reuters. It will also create a technology committee to help bolster its research and development, as well as foster collaboration and innovation. “If

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Adam Wright joins CA DFPI’s Office of Financial Technology Innovation; meetings available during weekly office hours

CFPB Monitor

AB-1864, which took effect on January 1, 2021 and significantly expanded the powers of the California Department of Financial Protection and Innovation, required the DFPI to establish a “Financial Technology Innovation Office.”. These discussions may include regulatory questions.

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BMO focuses on digital-first strategy

BankInovation

BMO continued to deliver on its digital-first agenda during its 2024 fiscal first quarter through innovation and new offerings. The Montreal-based bank continues to expand its “suite of innovative products,” Chief Executive Darryl White said today during the bank’s earnings call. In December, the CA$1.3

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CA DFPI brings first enforcement action against a debt collector and debt buyer for violating the state’s Consumer Financial Protection Law

CFPB Monitor

Last week, the California Department of Financial Protection and Innovation (DFPI) brought its first enforcement action against a debt collector and debt buyer for violating the state’s Consumer Financial Protection Law (CCFPL).

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Deutsche Boerse goes live with spot crypto trading | Meta is building a giant AI model for videos | X could soon receive payment licenses in NY & CA

Bussman Advisory

The post Deutsche Boerse goes live with spot crypto trading | Meta is building a giant AI model for videos | X could soon receive payment licenses in NY & CA appeared first on Bussmann Advisory AG. More information on www.bussmannadvisory.com.

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CA DFPI issues second modifications to proposed regulations to implement 2018 law requiring consumer-like disclosures for commercial financing

CFPB Monitor

SB 1235, codified at CA Financial Code (Code) sections 22800-22805, requires a “provider,” meaning a person who extends a specific offer of “commercial financing” as defined in Code section 22800(d) to a recipient, to give the recipient certain disclosures at the time the provider extends the offer.

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CA DFPI Commissioner Alavarez reported to be leaving agency

CFPB Monitor

American Banker has reported that Manny Alvarez, Commissioner of the California Department of Financial Protection and Innovation, will be leaving the agency on June 18, 2021. .

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