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California DFPI issues proposed amendments to small dollar loan pilot program regulations

CFPB Monitor

The California Department of Financial Protection and Innovation (DFPI) has issued proposed amendments to its regulations implementing the Pilot Program for Increased Access to Responsible Small Dollar Loans (Pilot Program). The Pilot Program operates under the California Financing Law (CFL) and is administered by the DFPI.

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Risk of Derivatives – The Fall of an Index

South State Correspondent

Barings Bank, Orange County (CA), Enron, Long-Term Capital Management, and other entities misused derivatives or didn’t understand the difference between hedging and speculating. With the development of the term SOFR market, BSBY offers no perceived advantages over SOFR, Fed Funds, or Prime. Virtually no ongoing or upfront costs.

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Navigating A Perfect Storm Of Payments Disruption

PYMNTS

On Tuesday, June 28th at 1:00 PM (EST) join Karen Webster, CEO of MPD and CA Technologies presenters Carol Alexander, Senior Director of Product Marketing for Advanced Authentication and Payment Security Solutions, and Hannah Preston, Solution Strategist, Payment Security Division, as they discuss regulatory disruption. Hannah Preston.

CA 100
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CA Dept. of Financial Protection and Innovation uses new CCFPL authority to take enforcement action against individual and companies that advertised PACE financing and solicited consumers

CFPB Monitor

The CCFPL gave the DFPI new rulemaking and enforcement authority over “covered persons” relating to unlawful, unfair, deceptive, or abusive acts and practices and defines the term “covered persons” expansively to include many entities that previously were not subject to DBO oversight or oversight by a primary regulator.

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Adobe Takes A Whack At Salesforce With $4.75B Marketo Buy

PYMNTS

With nearly 5,000 customers, Marketo combines planning, engagement and measurement capabilities into an integrated B2B marketing platform. The acquisition of Marketo widens Adobe’s lead in customer experience across B2C and B2B, and puts Adobe Experience Cloud at the heart of all marketing.”.

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Recap of Money 20/20 USA 2023 and 10 Banking Thoughts

South State Correspondent

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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How Payments Security Drives Digital Transformation

PYMNTS

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.

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