PYMNTS

FEBRUARY 21, 2019

Security and technology consulting company Accutive is rolling out a new solution designed to give enterprises an alternative to data encryption to protect sensitive information. Data Discovery enables businesses to identify sensitive data that will require specific regulatory compliance measures. In a press release on Wednesday (Feb.

Compliance 128

Compliance Data Security Training 128

CFPB Monitor

NOVEMBER 9, 2020

On November 4, 2020, California voters approved of the ballot initiative Proposition 24, more commonly known as the California Privacy Rights Act (the “CPRA”). The CPRA goes into effect on January 1, 2023, and will expand several of the existing protections in the California Consumer Privacy Act (the “CCPA”).

California 78

California Groups Compliance Data 78

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 . Failing to secure such information could open up FIs to fraud.

Compliance 151

Compliance Fraud Regulation Security 151

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. On May 5, 2022, the federal bank regulators jointly released a notice of proposed rulemaking (NPR) to strengthen and modernize the Community Reinvestment Act (CRA) regulations.

Compliance 100

Compliance FDIC Community Bank Community 100

PYMNTS

SEPTEMBER 30, 2020

Consumers and businesses have been moving online in recent years, and regulators from the European Union to the Middle East and North Africa (MENA) region have worked to keep up with this migration. The pandemic has refocused scrutiny on the open banking ecosystem’s privacy and security. The Data Privacy Twist .

Regulation 175

Regulation Data Regional Examples 175

PYMNTS

JUNE 9, 2020

The EU enacted open banking rules in 2018, inspiring regulators worldwide to reconsider how they were transacting funds or transmitting data. The COVID-19 pandemic’s impact on daily business has generated new questions surrounding these initiatives that regulators are now scrambling to answer. and the EU. Australia and Canada.

Regulation 132

Regulation Online California Regional 132

CFPB Monitor

AUGUST 12, 2021

SB 1235 requires the DFPI to issue regulations implementing the specific requirements of the disclosures that must be given to recipients. Compliance with the new disclosure requirements is not required until the DFPI’s final regulations become effective. Modifications to the proposal were issued in April 2021.

CA 78

CA Regulation California New York 78

CFPB Monitor

NOVEMBER 8, 2021

The California Department of Financial Protection and Innovation has published a fourth round of modifications to implement SB 1235 , the bill signed into law on September 30, 2018 that requires consumer-like disclosures to be made for certain commercial financing products, including small business loans and merchant cash advances.

CA 78

CA Regulation California Compliance 78

CFPB Monitor

APRIL 14, 2021

The California Department of Financial Protection and Innovation (DFPI) has issued modifications to its proposed regulations to implement SB 1235, the bill signed into law on September 30, 2018 that requires consumer-like disclosures to be made for certain commercial financing products, including small business loans and merchant cash advances.

CA 78

CA Regulation California New York 78

Independent Banker

OCTOBER 1, 2022

But as the prevalence of security breaches grows, so do the opportunities for community banks to position themselves as guardians of their customers’ personal data through compliance, technology and relationship building. Data privacy and security is a hot topic and is only getting hotter. By Katie Kuehner-Hebert. Bob Hickok.

Data 91

Data How To Community Bank California 91

PYMNTS

NOVEMBER 6, 2019

The impact of the regulation on the way payments and authentication can be conducted is being felt throughout the EU, but regulators in a variety of markets are still evaluating how SCA can best be applied. Some SCA compliance questions are easier to answer than others. Keeping Transactions Seamless As Security Needs Evolve.

Compliance 111

Compliance Regulation California Online 111

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 67

California Report Groups Security 67

PYMNTS

DECEMBER 2, 2020

Luxembourg regulators have given a thumbs-up to the FinTech PingPong , authorizing it to do business as an Electronic Money Institution (EMI). The San Mateo, California-based company said the new license would aid its expansion efforts and ensure that it can “provide a secure electronic wallet.”.

Fintech 158

Fintech San Francisco New York California 158

PYMNTS

NOVEMBER 6, 2018

PCI compliance is vitally important for businesses that process credit cards. The standards put forth by the PCI Security Standards Council – the PCI Data Security Standards – offer a framework for ensuring data security, and they must be followed in order to avoid fines and other penalties. Gearing up for GDPR.

Compliance 179

Compliance Data Security eBook 179

CFPB Monitor

DECEMBER 8, 2022

Coupled with this addition is a breach notification exception for businesses that are (1) subject to and (2) in compliance with HIPAA’s privacy and security standards. This amendment also brings Pennsylvania law into alignment with other states, such as California, that have a similar definition of personal information.

Pennsylvania 78

Pennsylvania Data California Compliance 78

PYMNTS

AUGUST 14, 2020

The Privacy Collective , a London nonprofit whose mission is to protect privacy, has filed suit with the District Court of Amsterdam, accusing the software companies of breaching the European Union’s General Data Protection Regulation (GDPR) in their processing and sharing of people’s information by third-party tracking cookies.

San Francisco 195

San Francisco Software Data California 195

PYMNTS

OCTOBER 3, 2019

In addition to an eCommerce platform enabling cannabis businesses to legally procure inventory, Dama Financial will facilitate compliance financial transactions between B2B vendors and merchants. Amercanex will give these business owners the opportunity to maintain and grow their business operations online in a secure and legitimate way.”.

Compliance 130

Compliance Industry California Taxes 130

PYMNTS

DECEMBER 28, 2020

Published reports indicate that China’s central bank and banking, securities and foreign-exchange regulators summoned Ant Group executives this past weekend to discuss official concerns about the firm. Reuters quoted central bank Vice Gov. Any FinTech disruptor, when it becomes so big, represents systemic risk,” he told Webster.

US 168

US Regulation Groups System 168

PYMNTS

NOVEMBER 7, 2019

Earlier studies found a surprising lack of both consumer and merchant awareness about the European Union’s Strong Customer Authentication (SCA) and second Payment Services Directive ( PSD2 ) regulations. Only 63 percent of compliance laggards said the same. Post-SCA deadline, a lack of readiness persists. The Benefits of SCA .

Regulation 123

Regulation Survey California Retail 123

CFPB Monitor

MAY 4, 2022

California, of course, passed the California Consumer Privacy Rights Act (CPRA) via ballot initiative in 2020. Data Minimization and Security. No other state has yet required companies to recognize global opt out signals, although California may effectively do so via rule making. Contractors and Sub-Contractors.

Connecticut 148

Connecticut Utah Colorado California 148

PYMNTS

JULY 15, 2020

That’s bureaucratic code for “Regulators will be checking on ‘Know Your Patient’ (KYP) compliance in the near future.” With the sudden, meteoric growth of telehealth applications, digital “Know Your Patient” compliance is now something you need if you touch any medical data at any stage. They should.

Data 146

Data Compliance Regulation Meeting 146

PYMNTS

OCTOBER 31, 2018

The latest to secure venture capital is WAYV , a procurement platform designed for the legal cannabis industry. “As California moves to a regulated and licensed system, there is a long tail of retailers and brands in the industry that need to be connected,” said Craft Ventures Co-founder David Sacks in a statement.

Retail 122

Retail Compliance blockchain Branding 122

PYMNTS

OCTOBER 24, 2018

When it comes to data privacy, it’s not all about General Data Protection Regulation (GDPR), and it’s not all about Europe. and in the wake of GDPR, which of course took effect in May, there exists the California Consumer Privacy Act of 2018, known colloquially as CCPA. Here in the U.S.,

Data 122

Data US California Guidelines 122

PYMNTS

APRIL 2, 2019

At the same time, a lack of logistics and B2B service providers compliant with state regulations, and familiar with the products, is also a rising concern for industry players. For companies like GrowGeneration, LeafLink and Grupo Flor, compliance will be front and center to managing a consistently changing regulatory landscape.

Fintech 176

Fintech Compliance Industry California 176

PYMNTS

FEBRUARY 28, 2020

Credit unions possess vast troves of personal information such as credit card data and Social Security numbers that could devastate members if leaked. At least two local CUs — First Choice Federal Credit Union and Inspired Federal Credit Union — even filed class-action lawsuits against Wawa for not adhering to best security practices.

Data 131

Data California Security Pennsylvania 131

CFPB Monitor

JULY 29, 2021

A knowing violation of the new requirement is deemed a deceptive trade practice under Nevada’s UDAP law and non-compliance allows “the aggrieved party” to rescind the transaction. The new Nevada law is modeled after a long-standing California law.

Nevada 78

Nevada Cards Regulation Compliance 78

PYMNTS

JUNE 26, 2019

Despite the compliance deadline being set back in 2015, many banks that offer application programming interfaces (APIs) to third-party providers and FinTech firms are still unprepared for SCA. Regulations can build trust and goodwill, though. PSD2’s impact in Europe has not gone unnoticed by regulators in other areas of the world.

California 109

California Regulation Fintech Data 109

PYMNTS

DECEMBER 30, 2020

Another provision of the deal requires that the Los Angeles, California company keep updated compliance and ethics procedures to stop cybercrime. The deal resolves the five criminal counts including wire fraud, conspiracy and computer intrusion. Further, Ticketmaster will have to report to the U.S.

Los Angeles 223

Los Angeles Fraud New York California 223

CFPB Monitor

OCTOBER 31, 2022

The CFPB has taken a significant step towards issuing regulations to implement Section 1033 of the Dodd-Frank Act by releasing an outline of the proposals it is considering in preparation for convening a small business review panel (Panel). In the outline, the CFPB asks the Panel for input on a variety of issues relating to screen scraping.

Data 78

Data Compliance Regulation Policies 78

PYMNTS

MARCH 30, 2020

To that end, Chief Information Officer Dave Stafford and Chief Information Security Officer David Bryant of PSCU , a credit union service organization, told PYMTNS that trust and collaboration are key among the efforts to protect consumers. We don’t require regulation to drive a good cybersecurity program,” he told PYMNTS.

Tools 143

Tools Fraud Data Security 143

PYMNTS

OCTOBER 25, 2019

The California Consumer Privacy Act looms, taking effect at the beginning of 2020. Across the pond, the General Data Protection Regulation ( GDPR ) took effect in May of 2018. Yet, the regulations are still evolving, and differ depending on where one looks. Can data be harvested … with decency?

Data 102

Data Survey Compliance Examples 102

CFPB Monitor

OCTOBER 4, 2022

A previous version of these procedures referenced the Regulation Z definition of “private education loans” which differs from the Truth in Lending Act definition. In 2019, California enacted a law that prohibits postsecondary schools from withholding transcripts as a debt collection tool.). Transcript withholding.

Policies 146

Policies Compliance Payments Training 146

PYMNTS

SEPTEMBER 25, 2020

The global tech firm has teamed with payment processors Fiserv, PTS, FIS, CoreCard, Galileo, i2c, TSYS and Marqeta to give them digital guidelines that will let clients get almost instantaneous access to card information and peace of mind to make secure transactions, among other benefits. Trackers And Reports.

Maine 153

Maine social media Atlanta Massachusetts 153

PYMNTS

MARCH 25, 2019

The backlash goes beyond rooms, apartments and houses to include instruments of transportation, which is among the latest areas of the digital economy to come under the scrutiny of politicians and regulators. Compliance and regulatory issues remain top of mind, of course, but so does the overall experience of both buyers and sellers.

Los Angeles 135

Los Angeles Payments San Francisco Chicago 135

PYMNTS

OCTOBER 1, 2018

This would seem to be a favorable time for digital products and services that emphasize privacy and data security. Not only is Facebook still trying to get ahead of the Cambridge Analytica data scandal , but new laws in Europe and California are designed to give consumers much more control over their digital information and personas.

Online 100

Online Data Pennsylvania Florida 100

PYMNTS

OCTOBER 1, 2018

After all, it stands to reason that the more links there are in the supply chain (spread out, and even global in nature), the harder it is to deliver absolute confidence in production methods, quality of products, transparency of payments and regulatory compliance. The tokens are fully redeemable. New Use Cases.

blockchain 182

blockchain cryptocurrency Marketing Technology 182

PYMNTS

OCTOBER 2, 2018

This would seem to be a favorable time for digital products and services that emphasize privacy and data security. Not only is Facebook still trying to get ahead of the Cambridge Analytica data scandal , but new laws in Europe and California are designed to give consumers much more control over their digital information and personas.

Data 189

Data Online Google social media 189