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Lawmakers Want NHTSA To Study Connected Car Security

PYMNTS

Aiming to beef up security in connected and driverless cars , a group of lawmakers have introduced a bipartisan bill in the House of Representatives that would put the National Highway Traffic Safety Administration (NHTSA) in charge of studying security issues for cars and trucks that are connected and eventually driverless.

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Lawmaker Calls For Moratorium On Facebook Crypto

PYMNTS

Facebook is facing more opposition regarding its cryptocurrency , with Congresswoman Maxine Waters (D-CA), chairwoman of the House Financial Services Committee, calling for a moratorium on the digital currency. Facebook has data on billions of people and has repeatedly shown a disregard for the protection and careful use of this data.

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FB Touched Base With Fed On Crypto

PYMNTS

Facebook, I believe, has made quite broad rounds around the world with regulators, supervisors and lots of people to discuss their plans and that certainly includes us,” Powell said on Wednesday (June 19), according to CNBC. Libra is designed to be a stablecoin, pegged to the value of government-issued currencies.

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Lawmakers Call For Stricter Guidelines On NSA Data Collection

PYMNTS

Two lawmakers want to pass an amendment that aims to stop a massive data collection program run by the National Security Agency (NSA). 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 amendment’s authors, Reps.

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Closing the gate: House adopts ENABLERS Act amendment to 2023 NDAA

CFPB Monitor

On July 13, 2022, the House of Representatives (the “House”) adopted an amendment to the 2023 National Defense Authorization Act (“NDAA”) offered by Maxine Waters (D. FinCEN, however, does not actually conduct BSA/AML examinations of regulated businesses. It is unclear if Congress expects FinCEN to conduct these audits.

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Dodd-Frank diversity standards: just out of the gate and already under fire

CFPB Monitor

the National Credit Union Administration, the Office of the Comptroller of the Currency, and the Securities and Exchange Commission. The standards apply both to any entity subject to regulation by these agencies, including financial institutions, mortgage companies, and all publicly traded companies.

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California Measure: A Glimmer of Hope for Legal Pot Banking

American Banker

Following the passage of the November ballot initiative, it is hugely important that cannabis businesses in the nation's largest state be able to secure bank accounts, at a minimum.