CFPB Monitor

JANUARY 12, 2021

The California Consumer Financial Protection Law (CCFPL) became effective on January 1, 2021. The CCFPL gives the California Department of Financial Protection and Innovation (DFPI) (the new name given to the state’s Department of Business Oversight) broad jurisdiction and sweeping new authorities that closely resemble those of the CFPB.

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Exercises California Innovation Financial Technology 127

PYMNTS

JUNE 26, 2020

Brussels to Investigate German Regulator Over Wirecard. billion to acquire Zoox, the Foster City, California self-driving technology company. Uber financial services leader Peter Hazlehurst has stepped down from his position as the rideshare company has put its plan to start a digital wallet on hold.

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CFPB Monitor

MARCH 15, 2022

In 2019, California enacted AB 539 which, effective January 1, 2020, limited 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. Section 160.110(d). Section 7.4001(e).

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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. Discussions can be further complicated by world events that change the way FIs, businesses and consumers interact. Sixty-three percent of U.S.

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Regulation Data US Washington 154

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 is dramatically altering how merchants can transact, which data they can store and where they can store it, however.

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PYMNTS

DECEMBER 9, 2020

And new regulations are taking root or are on the horizon to help protect consumers, their data and how that data might be used. His comments come at a time when California is arguably taking the lead in consumer data privacy protections. Interoperability will be key, he said, for the remote management and self-management of data.

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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”).

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California Innovation Regulation Report 78

PYMNTS

DECEMBER 21, 2020

Here’s the latest news from the technology industry, which is coming under increasing scrutiny from governments in the U.S., 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. and Europe. Facebook will transition its U.K.

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PYMNTS

AUGUST 8, 2019

The New York State Department of Financial Services (NYDFS) has announced it will lead a multi-state investigation into alleged violations of state regulations of the short term lending industry, specifically in the area of payroll advances. They see themselves as offering up an entirely different product from stem to stern.

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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

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PYMNTS

FEBRUARY 19, 2018

The next stop on the road to technological evolution in the transportation industry may just be unattended. 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. Going unattended to get more convenient.

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California Report Sacramento Retail 109

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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CFPB Monitor

OCTOBER 6, 2022

A California state court has overruled the demurrer filed by Opportunity Financial, LLC (OppFi) to the cross-complaint filed by the California Department of Financial Protection and Innovation (DFPI) in which OppFi asked the court to reject the DFPI’s “true lender” challenge.

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California FDIC Analysis Utah 78

PYMNTS

APRIL 1, 2020

“This legislation represents a significant breakthrough – the first time a state or nation has passed a new law devoted exclusively to putting guardrails in place for the use of facial recognition technology,” Smith said in the post. The bill also establishes a task force to scrutinize how, when and why the technology is used.

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PYMNTS

AUGUST 7, 2018

technology companies, anticipating that they will face increased regulation in how they handle consumers’ data, are working with policymakers to potentially shape the new legislation that’s expected to come from the federal government. The new U.S. The new U.S. If Democrats take over both the House and the Senate, that could change.

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Regulation Company US California 101

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

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California Tools Conference Policies 78

PYMNTS

JANUARY 29, 2020

The National Institute for Smart Governance (NISG) in India has published a report recommending that laws around blockchain should be based on what the technology does, and not the technology itself, according to a report Tuesday (Jan. said that national policy might not be enough in terms of crypto regulation. . “We

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Bitcoin Regulation blockchain Delaware 132

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.

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California Policies Company Apple 100

PYMNTS

NOVEMBER 23, 2020

A longtime political agent, Reed had a hand in California’s watershed privacy law and is known for co-writing a book chapter denouncing a contentious federal law — Section 230 — which shields tech firms from being sued. How Technology Is Reshaping Democracy and Our Lives, says that "230 an enemy of children" and encourages hate and abuse.

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California Apple Regulation National 186

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. For now, they would be classified as a manufacturer of automated vehicle technology and could become a motor vehicle manufacturer if they met the requirements.”.

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Michigan Regulation Florida Apple 100

PYMNTS

JULY 30, 2019

Such tools are no longer at the far reaches of the universe, and today’s technologies would make the Enterprise’s crew feel right at home. Wingstop, a fast-casual buffalo wings chain with 1,031 locations worldwide, tends to be an early adopter for new technologies. Orderscape is also working on voice-activated ordering technologies.

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Technology Mobile Google Software 119

PYMNTS

SEPTEMBER 16, 2019

Unions in New York are petitioning the state to change its laws to include employment protections for gig economy workers, similar to a bill recently passed in California, The Wall Street Journal reported on Monday (Sept. Uber and Lyft have voiced opposition and said such regulations would negatively impact both customers and drivers.

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New York New York City California Regulation 116

PYMNTS

SEPTEMBER 12, 2018

The Internet Association, a group that represents Facebook, Amazon and Alphabet’s Google , among other technology and internet companies, said on Tuesday (Sept. The trade group represents 40 major internet and technology companies, including Netflix, Microsoft and Twitter. 11) that it supports data privacy rules in the U.S.

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National Data Company California 128

PYMNTS

SEPTEMBER 23, 2020

states by COVID-19, California has been comparatively slower to reopen. has lent its loud and powerful voice to increasing calls that the state allow Disneyland and Disney California Adventure Park to reopen. We are offering technology solutions that make it easier for our guests to minimize contact and maintain physical distancing.

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Florida California Los Angeles Guidelines 193

PYMNTS

JULY 17, 2020

Facebook Inc’s top executives could be required to testify before the Federal Trade Commission (FTC) as the regulator investigates whether the California-based social media conglomerate has violated U.S. antitrust laws, sources told The Wall Street Journal. states and the DOJ.

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social media California Google Apple 160

PYMNTS

SEPTEMBER 26, 2018

California Attorney General Xavier Becerra and San Francisco District Attorney George Gascón announced on Wednesday (Sept. 26) that they have reached a settlement with Uber Technologies Inc., Companies in California and throughout the nation are entrusted with customers’ valuable private information.

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PYMNTS

FEBRUARY 10, 2019

Karan Bhatia, vice president of global public policy and government relations at Google, said there should be common rules when it comes to regulating technology on a global basis. To date, the countries have cobbled together their own regulation — but there hasn’t been one international approach. In the U.S.

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Policies Google Regulation California 122

PYMNTS

MAY 24, 2019

The use of IoT technology is gaining steam in alternative industries, such as beer brewing. Meanwhile, in the mainstream tech industry, companies are partnering to deploy IoT technology. Developments from Around the IoT World. The problem, as it turned out, was excessive foaming during the bottling, which caused the beer to overflow.

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California San Francisco Charlotte Security 188

PYMNTS

DECEMBER 14, 2020

This means that safety will, in fact, be a major concern for consumers and regulators. Building a vehicle from the ground up has given us the opportunity to reimagine passenger safety,” said Jesse Levinson, Zoox chief technology officer and co-founder. He said that the robotaxi “has passed key … crash tests” under federal regulations.

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California Regulation Operations Innovation 160

PYMNTS

NOVEMBER 10, 2020

PAAY’s latest utility set “combines 3DS, hardware-based encryption, and vaultless tokenization to provide merchants a liability shift, strong customer authentication, data confidentiality, and compliance with the General Data Protection Regulation (GDPR) and the Payment Services Directive 2 (PSD2),” according to the statement.

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South State Correspondent

OCTOBER 26, 2023

As can be seen, the conference largely revolved around payments, artificial intelligence, fintech partnerships/management, regulation, and fraud/identity in its various forms. This bill of “personal financial data rights” is similar to the California Privacy Protection Act that is already in force for banks doing business in CA.

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Conference Las Vegas Fraud Case Study 221

PYMNTS

SEPTEMBER 24, 2020

Companies are reexamining how they can use cloud technologies to comply with changing security standards as digital banking volumes expand. regulators have debated how companies can team up with third-party cloud providers while adhering to regulations such as GDPR, and noncompliance can lead to high-priced consequences.

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Compliance Fraud Regulation Security 151

PYMNTS

JANUARY 20, 2020

Microsoft President Brad Smith doesn’t agree with Alphabet Chief Executive Sundar Pichai’s backing of the EU’s call for a temporary ban on facial recognition technology, Reuters reported on Monday (Jan. Pichai pointed to the potential for “nefarious uses of facial recognition” and favors a moratorium, pending regulations.

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San Francisco Oakland California Conference 130

PYMNTS

JULY 12, 2018

Dean Garfield of the Information Technology Industry Council — a trade group that represents Google , Microsoft and other tech companies — is calling for faster development of national privacy norms to avoid opposing state rules. Companies will also have a tougher time sharing and/or selling data on children under the age of 16. ” .”

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CB Insights

SEPTEMBER 13, 2021

CipherTrace: California-based CipherTrace provides blockchain analytics and fraud detection tools in order to help financial institutions, banks, and governments identify digital asset risks. The technology offers services such as blockchain forensics, anti-money laundering, and compliance monitoring, among others.

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Analytics Technology cryptocurrency blockchain 43

PYMNTS

SEPTEMBER 22, 2020

23) on the landmark complaint against the Menlo Park, California-based tech giant. and other tech companies have been facing backlash from lawmakers and regulators around the globe. They are considering a lawsuit against the 22-year-old global technology giant. If successful, it would break up Google’s ad technology business.

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Google Meeting Rhode Island social media 213

PYMNTS

NOVEMBER 1, 2018

With legal cannabis a fast-growing market, the industry has a unique opportunity to innovate and adopt technologies from scratch — adopting best practices from the get-go, rather than trying to fix another industry’s strategy. In California, where WAYV operates, and where the legal cannabis market is expected to reach a $5.1

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Taxes California Regulation Innovation 122