American Banker

JANUARY 8, 2024

The legislation is the latest step in California's effort to crack down on high-cost small-business loans.

California 85

California Compliance Lending Regulation 85

CFPB Monitor

APRIL 26, 2022

In a rare development, a California state court of appeals has opined on the requirements for obtaining authorization for background checks pursuant to the Fair Credit Reporting Act. Employers should consult their own counsel about their compliance responsibilities under the FCRA and applicable state law. In Hebert v.

California 122

California Compliance Analysis Report 122

Independent Banker

DECEMBER 31, 2022

The FDIC issued guidance about the consumer compliance risks associated with assessing NSF arising from the re-presentment of the same unpaid transaction. Quick Stat. The FDIC’s long-term goal for the reserve ratio of insured deposits. Source: FDIC. Multiple re-presentment fees. Evolving risks. Data privacy.

Compliance 100

Compliance FDIC Community Bank Community 100

PYMNTS

FEBRUARY 21, 2019

Data Discovery enables businesses to identify sensitive data that will require specific regulatory compliance measures. Accutive said that the combination of both solutions supports organizations’ data protection compliance and security needs under GDPR , HIPAA and other data protection regulations.

Compliance 128

Compliance Data Security Training 128

CFPB Monitor

FEBRUARY 13, 2020

On February 7, 2020, the California Attorney General’s (AG) Office released modifications to the proposed regulations to the California Consumer Privacy Act (CCPA). Overall, the modifications provide helpful clarifications that should lessen compliance burdens for a number of industries. Define Reasonable Accessibility.

California 78

California Regulation Compliance Guidelines 78

American Banker

AUGUST 23, 2023

A new state regulation brings consumer-style rules to the small business realm, extending California regulators' ability to crack down on nonbank lenders that engage in questionable practices. Observers believe that it could be a model for other states.

California 69

California Lending Regulation Compliance 69

CFPB Monitor

FEBRUARY 11, 2021

In its February 2021 Bulletin , the California Department of Financial Protection and Innovation (DFPI) reminds licensed mortgage loan servicers that DFPI examinations will include processes to determine compliance with state and federal laws providing consumer protections with regard to COVID-19-related foreclosures.

Compliance 78

Compliance California Innovation Payments 78

CFPB Monitor

MARCH 15, 2022

In 2019, California enacted AB 539 which, effective January 1, 2020, limited the interest rate that can be charged on loans of $2,500 to $10,000 by lenders licensed under the California Financing Law (CFL) to 36% plus the federal funds rate. Section 160.110(d). Section 7.4001(e).

California 78

California Innovation Utah West Virginia 78

CFPB Monitor

FEBRUARY 27, 2019

New proposed legislation in California, backed by state Attorney General (“AG”) Xavier Becerra, would amend the new California Consumer Privacy Act (“CCPA”) to make it easier for private plaintiffs and public officials to sue for violations while further increasing regulatory uncertainty and compliance costs for businesses.

California 68

California Compliance Regulation Data 68

PYMNTS

JUNE 29, 2018

The state of California passed a new digital privacy law that provides consumers with more transparency and control over their digital data. While technology and businesses in California weren’t in support of the bill, they didn’t attempt to prevent it because the ballot initiative was even tougher, noted The New York Times.

California 100

California Data Online New York 100

PYMNTS

SEPTEMBER 26, 2016

The high fees charged by private firms that are hired by the courts to operate e-filing systems and that are often passed onto consumers who pay with a credit card have been capped by a bill approved by California Governor Jerry Brown on Sept. Convenience fees charged by Tyler range from 2.75 percent to 3.5 There were 7.5 There were 7.5

California 100

California Cards Sacramento Texas 100

PYMNTS

SEPTEMBER 24, 2020

Staying abreast of these various compliance shifts can be costly and challenging for banks, but doing so is necessary to ensure that financial institutions’ (FIs) operations can run smoothly and ward off cyberattacks. Compliance, Cybercrime And The Cloud . Most banks are familiar with how quickly regulatory requirements can change.

Compliance 151

Compliance Fraud Regulation Security 151

American Banker

JUNE 1, 2023

The Federal Reserve Board and California Department of Financial Protection and Innovation want to ensure the shuttered bank makes good on its commitment to self-liquidate and make depositors whole. It also wants full cooperation on an investigation into FTX ties.

California 68

California Innovation cryptocurrency Compliance 68

CFPB Monitor

AUGUST 10, 2021

At the press conference, California Attorney General Rob Bonta summarized the first year of enforcement of the CCPA and provided specific examples of actions businesses have taken to rectify alleged violations following receipt of a notice of noncompliance. Enforcement updates.

California 78

California Tools Conference Policies 78

PYMNTS

SEPTEMBER 12, 2019

Also, Uber will reportedly fight the recent passage of controversial labor legislation in California per reports. Robert Chapman, founder of California investment firm Chapman Capital, said per reports , “It is reasonable to conclude that a relatively large acquisition by Groupon is forthcoming,”. Gavin Newsom.

California 116

California blockchain Google Payments 116

CFPB Monitor

OCTOBER 14, 2019

The California Attorney General’s Office released its long-awaited proposed CCPA regulations last week. respond to consumer requests to access or delete household information; respond to requests to opt-out; respond to requests to opt-in after consumers exercise their right to opt out of the sale of personal information; and.

California 60

California Regulation Exercises Compliance 60

PYMNTS

NOVEMBER 9, 2020

A ballot measure ratified by a strong majority of California voters to increase protections for digital privacy could blaze a trail for similar measures throughout the nation. Over half of voters in the state — or 56 percent — voted for Proposition 24, which was meant to strengthen a California consumer privacy rights bill passed in 2019.

Regulation 211

Regulation social media Compliance California 211

PYMNTS

DECEMBER 30, 2019

A new law in California requires companies to explain exactly what customer information, if any, is being sold to third parties, according to a report by Reuters. Retailers are rushing to achieve compliance, adding links to websites with “Do Not Sell My Info” buttons and creating signage in stores to the same effect.

CA 132

CA Retail Data California 132

CFPB Monitor

APRIL 5, 2019

The California Department of Business Oversight has sent an email to servicers notifying them of the publication of its final student loan servicer regulations , which became effective March 28, 2019. The rules create seven new articles under a new chapter of the California Code of Regulations.

California 68

California Regulation Compliance Operations 68

Bank Innovation

NOVEMBER 13, 2019

and a local California credit union to offer consumer checking accounts, a person familiar with the matter said. The product will launch in 2020 with Citigroup handling most of the financial and compliance requirements, the person said, asking not to be identified because the project hasn’t been announced publicly. […].

Google 210

Google California Compliance Retail 210

CFPB Monitor

SEPTEMBER 10, 2020

In 2019, California enacted AB-539, the Fair Access to Credit Act (FACA), which, effective January 1, 2020, limits the interest rate that can be charged on loans of $2,500 to $10,000 by lenders licensed under the California Financing Law (CFL) to 36% plus the federal funds rate. On September 29, 2020, from 3:00 p.m. to 4:30 p.m.

Utah 78

Utah California FDIC West Virginia 78

CB Insights

NOVEMBER 11, 2021

Drata , a compliance-as-a-service provider, has raised $100M in a Series B round. California-based Drata helps companies automate their security and compliance processes. The company provides SOC 2 and ISO 27001 compliance solutions. HOW’S THE COMPANY PERFORMING? Want the full post? Become a CB Insights customer.

Compliance 53

Compliance Security California Capital 53

Payments Source

DECEMBER 31, 2019

A California regulator on Monday denied a lending license to the point-of-sale financier Sezzle in a detailed written decision that could have broader consequences for upstart consumer lenders.

California 64

California Lending Regulation Compliance 64

BankInovation

MAY 26, 2021

Financial institutions should expect data privacy laws like the California Consumer Privacy Act (CCPA) to spread to other states and countries, creating pressure on multinational banks.

Compliance 59

Compliance Data California Regulation 59

CB Insights

OCTOBER 19, 2021

California-based Deel’s platform assists companies with international payroll, onboarding, taxes, compliance, and benefits in more than 150 countries. The post Deel, A Provider Of Payroll, Compliance And Onboarding Tools For Remote Hiring, Raises $425M At A $5.5B How’s the company performing? Want the full post?

Compliance 53

Compliance Tools California Taxes 53

American Banker

FEBRUARY 24, 2024

Surprise overdraft fees and charges incurred by consumers who cash bad checks likely violate the law, state Attorney General Rob Bonta said. His message was especially notable because it was aimed at smaller institutions that have gotten less scrutiny from Washington.

California 77

California Washington Community Bank Community 77

CFPB Monitor

APRIL 27, 2023

We then discuss compliance and licensing issues under District of Columbia, California, Utah, and New York debt collection laws and the Wyoming “debt buyer” licensing requirement. . We first look at the impact of the CFPB’s most recent rulemaking agenda on debt collectors. Continue Reading

District of Columbia 78

District of Columbia Wyoming Utah New York 78

CB Insights

DECEMBER 9, 2021

California-based TRM Labs offers blockchain analytics and assists cryptocurrency firms, law enforcement agencies, and financial institutions in addressing fraud and financial crime stemming from crypto transactions. How’s the company performing? If you’re already a customer, log in here.

Software 63

Software Compliance blockchain California 63

PYMNTS

DECEMBER 28, 2020

GDP Recover Lawsuit Charges Facebook, Google Struck Deal To Ward Off Antitrust Probes Big Tech Compliance Tracker: EU Unveils Drafts Of New Big Tech Regs; Facebook To Move UK Users To California Privacy Agreement Amid Brexit.

Compliance 148

Compliance Google Texas Apple 148

CB Insights

MARCH 4, 2022

California-based Anrok unifies sales tax monitoring, calculation, and payments processes across the enterprise financial stack. The post SaaS sales tax compliance software Anrok hits $100M valuation. Anrok , a SaaS sales tax solution, has raised $20M in a Series A. The round drew participation from Index Ventures and Sequoia Capital.

Taxes 59

Taxes San Francisco Software Compliance 59

American Banker

MARCH 8, 2021

New measures in California and Virginia give consumers more control over their information and may prevent banks from using geolocation services or analyzing personal data without obtaining consent first — except when preempted by federal law.

Virginia 74

Virginia Data Compliance California 74

American Banker

SEPTEMBER 29, 2023

The Golden State appears poised to preempt the Securities and Exchange Commission by enacting rules that would require larger firms to make detailed disclosures about their greenhouse gas emissions. Banking groups are concerned that the state regime won't align with federal rules.

California 69

California Report Groups Security 69

Payments Source

MAY 13, 2019

Manuel Alvarez, who became commissioner of the Department of Business Oversight on Monday, is the former general counsel and chief compliance officer at the online lender Affirm.

California 63

California Regulation Fintech Compliance 63

CFPB Monitor

NOVEMBER 14, 2019

In this podcast, we discuss the key aspects of the recently-proposed regulations to implement the CCPA, identify issues clarified by the proposal or left unresolved, compliance challenges raised by CCPA requirements for financial incentives and consumer requests received by large businesses, next steps (including the likely timeline for final regulations (..)

Regulation 74

Regulation California Compliance 74

American Banker

DECEMBER 6, 2023

The district judge upheld the state's regulations mandating that nonbanks disclose the annual percentage rate, finance charges and fees on financings of $500,000 or less.

California 60

California Lending Regulation Policies 60

PYMNTS

JANUARY 6, 2020

prepares for a potential Iranian cyberattack, and businesses are expected to spend $55 billion to become compliant under the California Consumer Privacy Act. Businesses To Spend $55B On CA Privacy Law Compliance. Companies are expected to spend $55 billion to become compliant under the California Consumer Privacy Act.

Capital 131

Capital Las Vegas US California 131

Payments Source

DECEMBER 1, 2016

A federal court in California has accepted a controversial request from the IRS to obtain the records of possibly millions of users of the bitcoin exchange Coinbase.

California 60

California Bitcoin Data Compliance 60