CFPB Monitor

SEPTEMBER 14, 2021

The CFPB has filed a lawsuit against Oakland, CA-based online lender LendUpLoans alleging that LendUp is in violation of a 2016 Consent Order that required the lender to pay over $3.5 The CFPB seeks an injunction, damages or restitution to consumers, disgorgement of ill-gotten gains, and the imposition of a civil money penalty.

Oakland 78

Oakland CA Regulation California 78

PYMNTS

OCTOBER 20, 2016

On Wednesday, November 2nd at 1:00 PM (EST) join ecommerce advisors James Rendell, CA Technologies ; Paul Baker, Mastercard ; and Karen Webster, Market Platform Dynamics for a live digital discussion surrounding 3D Secure 2.0. Vice President, Product Management, Payment Security at CA Technologies. – Successful 3DS 2.0

Security 100

Security CA Cards Strategy 100

PYMNTS

JUNE 23, 2019

While these new rules aim to make online transactions safer for the consumer, they can also slow down the process and possibly lead to fewer online sales. The extensions will be granted only if PSPs have set up a migration plan, have agreed to a plan with their CA, and carry out the plan in an timely manner.

CA 122

CA Compliance Online Payments 122

PYMNTS

APRIL 25, 2017

Other concerns are that the OCC doesn’t understand FinTech and therefore shouldn’t regulate it. Some are concerned the OCC is hurting innovation, while others think it’s overstepping its limits. Among the states that have issue with it are New York, Florida, Ohio and California. Take New York as one example.

Fintech 109

Fintech Ohio Florida Oregon 109

PYMNTS

JUNE 23, 2019

While these new rules aim to make online transactions safer for the consumer, they can also slow down the process and possibly lead to fewer online sales. The extensions will be granted only if PSPs have set up a migration plan, have agreed to a plan with their CA, and carry out the plan in an timely manner.

CA 115

CA Compliance Online Payments 115

American Banker

MAY 9, 2016

State officials in California have asked top online lending firms a series of probing questions regarding their compliance with laws and regulations dealing with referral fees, bank partnerships, fair lending and other sensitive issues.

Regulation 28

Regulation Online California Lending 28

CFPB Monitor

SEPTEMBER 11, 2018

” This would appear to include commercial credit cards but not commercial sales finance contracts.

CA 60

CA California Lending Security 60

PYMNTS

SEPTEMBER 6, 2016

That’s the backdrop for the nearly hour-long conversation that Karen Webster had about the role of payments security in digital business transformation with CA Technologies Director of Payments Security James Jenkins. CA Technologies’ Roadmap. Here are the highlights of that conversation.

Security 100

Security CA Payments Big Data 100

PYMNTS

JUNE 18, 2019

Justin Amash (R-MI, 3rd) and Zoe Lofgren (D-CA, 19th), have the support of groups such as the ACLU, the EFF, FreedomWorks, New America and the Sunlight Foundation. The NSA has used Section 702 of the FISA Amendments Act to justify collecting and storing millions of Americans’ online communications,” according to the EFF.

Guidelines 123

Guidelines Data United States CA 123

PYMNTS

APRIL 21, 2017

Despite handling sensitive data and processes in online channels, passwords remain a notable weak spot across internet users. In the background, CA Technologies profiles the device examines consumer behavior and analyzes the transaction, comparing the data to a portfolio of millions of device fingerprints, card profiles and merchant data.

CA 113

CA Security Fraud Software 113

American Banker

APRIL 22, 2016

Illinois, California and New York are all taking initial steps to try to crack down on borrower abuses in the fast-growing digital lending marketplace. The states are facing pressure to intervene because federal agencies have yet to take decisive action.

Illinois 28

Illinois Regulation Online New York 28

PYMNTS

APRIL 11, 2019

The Trump administration has promised — and, in some cases, has been executing on promises — to roll back at least some of the regulations contained in the Dodd-Frank tenets that took shape a decade ago. Financial reform has been top of mind for the newly installed Democratic majority in the House. The CEO names are well-known.

Lending 158

Lending America cryptocurrency System 158

PYMNTS

NOVEMBER 12, 2018

As retailers and companies in all industries have begun to look at cybersecurity as a larger priority, those in the space have passed new legislation and regulations to protect customers, the companies they do business with and the money exchanged. Combatting Card-Not-Present Fraud.

Fraud 148

Fraud Retail Cards System 148

PYMNTS

APRIL 11, 2019

The Trump administration has promised — and, in some cases, has been executing on promises — to roll back at least some of the regulations contained in the Dodd-Frank tenets that took shape a decade ago. Financial reform has been top of mind for the newly installed Democratic majority in the House. The CEO names are well-known.

Lending 100

Lending America System CA 100

Fintech Labs Insights

NOVEMBER 22, 2021

The first pure-play online bank Security First Network Bank (SFNB) launched in 1995, just a year after Amazon.com. I don’t believe they need to be regulated as a bank as long as they facilitate the big three products under one UI: deposits (e.g., HQ: Hollywood, CA. Online Digital Banks for Small Businesses (SMB) August 2021.

San Francisco 15

San Francisco Digital Banking Online Fintech 15

Fintech Labs Insights

NOVEMBER 22, 2021

The first pure-play online bank Security First Network Bank (SFNB) launched in 1995, just a year after Amazon.com. I don’t believe they need to be regulated as a bank as long as they facilitate the big three products under one UI: deposits (e.g., HQ: Hollywood, CA. Online Digital Banks for Small Businesses (SMB) August 2021.

San Francisco 15

San Francisco Digital Banking Online CA 15

MyBankTracker

MARCH 3, 2021

Lemonade is a fully licensed and regulated insurance company that serves customers in both the U.S. The neat thing about Lemonade’s online quoting tool is that you can easily see and adjust coverage amounts with the click of a button. Earthquake (costs extra; available for CA and AR residents only). What is Lemonade?

Policies 52

Policies CA Apple Wyoming 52

CFPB Monitor

SEPTEMBER 30, 2020

New Section 1788.102: Specifies payment processing requirements, including timely crediting of on-time conforming payments, procedures for crediting checks lacking identifying information, and a three-day timeframe for updating the borrower’s payment history in their online account. b) of New York’s student loan servicer regulations).

California 148

California Policies Regulation Payments 148

CB Insights

JUNE 5, 2018

These speeds allow for mobile online gaming, live stream HD-TV, group video conferencing, connected home solutions, and even emerging experiences like AR/VR. The most recent generation of wireless technology, known to consumers as 4G (now 4G LTE), is able to reach real-world speeds between 10 – 20 Mbps, depending on the carrier.

System 78

System Los Angeles Mobile Technology 78