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Executive Order Looms For Social Media Firms On Content? 

PYMNTS

The summary, according to the site, would direct the FCC to develop new regulations that would detail how the law may protect social media platforms as they move to take content off their sites – and to take those new regulations into account when investigating or filing suit against those firms. CFPB and Payday Lending.

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Bitcoin Daily: BoE Economist Cites Benefits Of Digital Assets; Online Gamblers Choose Crypto To Cash Out; One Charged In $2M Crypto Theft

PYMNTS

While recognizing that digital currencies do pose risks, including the possibility of imposing “a macro-economic cost,” Haldane argued that a digital currency could mitigate technological constraints on lending, provide additional payments security, and increase stability. “I In other news, the U.S.

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What to Do When Your Banking App Stumbles Out of the Gate

Bank Innovation

BMO Harris Bank did itself a favor by being responsive to questions and criticism on social media from customers locked out of their digital accounts with the bank this past week, according to Adrenaline, an experience design company.

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The Facebook Files: HUD Investigation Into Facebook Data Practices Appears to Continue

Bank Innovation

That according to new documents released yesterday by Congress that contain written responses from the social media company on its data and privacy […].

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Fair Value Accounting and Silicon Valley Bank Failure

South State Correspondent

Some blame the dilution of the Dodd-Frank provisions, others the lack of oversight by regulators, and others still blame social media for exacerbating the deposit run. Fair Value versus Amortized Cost The amortized cost of assets is the accounting treatment applied to securities known as held-to-maturity, or HTM.

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Invoice Financing Via Blockchain Targets SMB Cash Flow Problems

PYMNTS

Yet many firms struggle to gain access to the capital that helps them launch or sustain operations. One way to secure funding is to use invoice financing. To that end, Netherlands startup Finturi earlier this month said it had secured $2.2 Many companies, he told PYMNTS, rely on private lending.

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Another Payment Megadeal, Amazon Suppliers And PayPal SMB Lending Top The Week’s News

PYMNTS

The company said it hired an independent security forensic company to make sure there wasn’t access to sensitive customer data. PayPal Hits $10B SMB Lending Milestone. The car is becoming more than just a way for customers to get from Point A to Point B. Fun, Cool or Otherwise Interesting.

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