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FTC Looking For Comments On Customer Privacy, Security Amendments

PYMNTS

The Federal Trade Commission (FTC) has requested comment on the proposed amendments of two rules that protect the privacy and security of customer data held by financial institutions (FIs). The Safeguards Rule, which went into effect in 2003, requires FIs to develop, implement and maintain a comprehensive information security program.

Security 151
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FTC data security proposals could â??trapâ?? US banks in tangle of regulation

Bobsguide

The Federal Trade Commission (FTC)’s proposed changes to the 2003 Safeguards Rule, which seek to tighten the data security procedures of US banks, seems premature and may contain traps for unwary financial institutions attempting to meet both state and federal laws, according to the American.

US 90
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FinTech Payment Firm Nuvei Files IPO In Canada

PYMNTS

If approved by the Canadian Securities Administrators (CSA), the country’s equivalent of the U.S. Securities and Exchange Commission, the stock would be listed on the Toronto Stock Exchange under the “NVEI” ticker. The news service, citing a source, said the IPO is expected to push that valuation to more than $3 billion.

Payments 229
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SEC Probing First American Financial’s Data Breach

PYMNTS

Securities and Exchange Commission is reportedly investigating a security breach at First American Financial Corporation that saw the exposure of upwards of 885 million financial records and personal files related to mortgages dating back to 2003. KrebsOnSecurity reported the breach in May.

Data 116
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FAFC Data Breach Exposed 885M Financial Records

PYMNTS

Securities and Exchange Commission is reportedly investigating a security breach at First American Financial Corporation that saw the exposure of upwards of 885 million financial records and personal files related to mortgages dating back to 2003. KrebsOnSecurity reported the breach in May.

Data 109
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Facebook Adds New Lobbyists In Libra Push

PYMNTS

The social media giant has been facing a lot of scrutiny over Libra, from lawmakers and regulators all around the globe. Mike Crapo of Idaho, who was head of the Senate Banking Committee until 2003. In Europe , EU regulators are investigating whether Facebook ’s planned cryptocurrency will harm competition.

Idaho 122
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Tech Firm Nuvei’s Potential IPO Could Be Biggest Of 2020

PYMNTS

If Nuvei’s IPO gets the green light from regulators, it could be the largest Canadian technology IPO of 2020. Founded in 2003, Nuvei’s platform connects to all major payment card schemes worldwide, and supports more than 450 local and alternative payment methods and 150 currencies. Nuvei Technologies Corp. , technology IPOs.

Indiana 151