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New CA Privacy Law Requires Retailers To Disclose Data Collection

PYMNTS

The law is similar to Europe’s General Data Protection Regulation (GDPR), which broadly changed the way companies in the region were allowed to deal with customer data. While the regulations surrounding the law were released to the public in October, the signage requirement was not part of the original statute and was added later.

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CA Denies Lending License For BNPL Firm Sezzle

PYMNTS

Sezzle and other BNPL firms, which give young shoppers easy credit to spend online, have recently grown in use , but their business model has drawn increased scrutiny from regulators, concerned over whether this financial arrangement is essentially a traditional bank loan. “Whereas, Sezzle is only in the U.S., ”

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PacWest Hires Ex-Regulator as Chief Risk Officer

American Banker

PacWest Bancorp in Los Angeles has named Stanley Ivie, a regional director for the Federal Deposit Insurance Corp., its chief risk officer and an executive vice president. He started Monday.

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Deposit Growth Outlook Dims for Small Banks

American Banker

Large banks are outpacing community banks in deposit gathering because new liquidity rules make deposits more valuable to the biggest banks, mobile banking has been a deposit magnet for the heavyweights, and regional and midsize players hold certain advantages over smaller rivals, too.

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Host of Factors Dim Deposit-Growth Outlook at Small Banks

American Banker

Large banks are outpacing community banks in deposit gathering because new liquidity rules make deposits more valuable to the biggest banks, mobile banking has been a deposit magnet for the heavyweights, and regional and midsize players hold certain advantages over smaller rivals, too.

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Android of the Auto Industry? How Baidu May Race Ahead Of Google, Tesla, And Others In Autonomous Vehicles

CB Insights

In recent months, the Chinese government has increasingly eased regulations on autonomous vehicles in a number of cities to accelerate the path to commercialization. Didi’s lab in Mountain View, CA. Waymo claims that developing its technology internally allows for more efficiency and tighter integration. . The China advantage.

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Seven States Approve Marijuana Measures

American Banker

Voters in Florida, North Dakota, Montana and Arkansas approved medical marijuana measures on Tuesday, while their counterparts in California, Massachusetts and Nevada approved recreational pot initiatives.