PYMNTS

NOVEMBER 11, 2019

Microsoft has promised to follow California’s privacy law throughout the United States after the regulation goes into effect on Jan. The California Consumer Privacy Act (CCPA) gives consumers in California the right to access any and all personal data that a company has on them and request that it be deleted and not sold.

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PYMNTS

FEBRUARY 27, 2020

Ripple failed to persuade a judge in Oakland, California to dismiss the entire lawsuit, called Zakinov v. Hamilton left a complaint by investors in place, which alleged that Ripple had been selling unregistered securities. Securities and Exchange Commission hadn’t taken a position on whether XRP is a security on Wednesday.

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PYMNTS

DECEMBER 7, 2017

The state of California’s insurance regulator is aiming to suspend or revoke the insurance licenses from Wells Fargo due to illicit sales practices with an online referral program. ” According to the report, the regulator said the unauthorized sales happened from 2008 through 2016. “We The OCC gave the bank until Nov.

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PYMNTS

SEPTEMBER 18, 2020

We have deep dives on digital onboarding at universities, subscriptions and quick-service restaurant (QSR) friendly fraud. The firm, in addition to KPMG, EY and PwC, had been cautioned by regulators that their companies had to break off their consulting divisions from their audit arms. Helping QSRs Fight Food Fraud. Top News .

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PYMNTS

SEPTEMBER 24, 2020

These considerations are especially important during the ongoing coronavirus pandemic as the wave of legitimate customers now doing their banking online has prompted a corresponding spike in fraud. Companies are reexamining how they can use cloud technologies to comply with changing security standards as digital banking volumes expand.

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PYMNTS

MAY 24, 2019

However, with this growth comes the increased risk of data breaches and fraud. It has also raised concerns among privacy advocates and security experts, with many warning against the dangers of weak security protocols and constant vigilance. Can Device Manufacturers and Governments See Eye to Eye on IoT Security?

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PYMNTS

JUNE 13, 2019

Countering digital fraud is a lot like playing whack-a-mole: As soon as one fraudster is taken out, two more pop up where they’re least expected. The popularity of digital banking services has created ample opportunities for bad actors, leaving banks scrambling to protect themselves against the rising tide of fraud.

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PYMNTS

JANUARY 13, 2020

A California CFPB? News came, too, that in California, Governor Gavin Newsom is unveiling plans to create a Consumer Financial Protection Bureau (CFPB) at the state level, which, according to reports, would overhaul the existing Department of Business Oversight. Penalties in the New Year.

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PYMNTS

NOVEMBER 27, 2018

and Dutch regulators on Tuesday (Nov. This was not only a serious failure of data security on Uber ’s part, but a complete disregard for the customers and drivers whose personal information was stolen,” ICO Director of Investigations Steve Eckersley said in a statement. regulators. Uber was hit with a fine by U.K. Of those, 2.7

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PYMNTS

JUNE 16, 2020

But Kellerman and other security experts advocated at the hearing for legislative measures, such as modernizing anti-money laundering (AML) and forfeiture rules and moving the Secret Service to the Treasury Department, to help combat the threat.

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Current

DECEMBER 9, 2020

California unemployment benefits could help to see you through until your next job arrives. But signing up for California unemployment benefits can seem like a job in and of itself. In 2020, California unemployment benefits were critical for many people. In May 2020, for example, California's unemployment rate was 16.3%.

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PYMNTS

NOVEMBER 3, 2020

Lingering economic uncertainty and growing fraud rates in multiple markets are prompting consumers to sharpen their focus on privacy and security. It also details how open banking’s expansion can help businesses build trust with new or existing customers seeking more secure ways to shop. The Pandemic And The Privacy Question .

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PYMNTS

DECEMBER 18, 2019

1, the California Consumer Privacy Act will give people control over the personal information companies collect, store and share, the Associated Press reported on Wednesday (Dec. The law concerns companies that conduct business in California and includes out-of-state companies that sell to California. Starting Jan.1,

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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.

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PYMNTS

DECEMBER 30, 2020

The deal resolves the five criminal counts including wire fraud, conspiracy and computer intrusion. Another provision of the deal requires that the Los Angeles, California company keep updated compliance and ethics procedures to stop cybercrime. Terms also include a three-year deferred prosecution agreement, according to the release.

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PYMNTS

SEPTEMBER 8, 2020

. $1 million was stolen from the City of Industry via invoice fraud, claims officials in the California city. million was siphoned from one New Zealand business in a scam linked to invoice fraud. In some cases, reports claim, billings from subcontractors were double what the subcontractor says it actually billed the developer.

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PYMNTS

JANUARY 29, 2020

The government’s policy and its regulations should be well known before enforcement happens, the policy said. said that national policy might not be enough in terms of crypto regulation. . “We Public statements, whether through the press or formal speeches, are helpful but are not official statements of application by the agency.

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PYMNTS

SEPTEMBER 26, 2018

California Attorney General Xavier Becerra and San Francisco District Attorney George Gascón announced on Wednesday (Sept. In a press release , the two AGs said the settlement also covers charges that Uber violated reasonable data security laws with its 2016 breach of driver and customer information.

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PYMNTS

JUNE 1, 2020

In a roundtable discussion, the last in the “Powering the Digital Shift” series with Karen Webster, six experts in money movement, fraud prevention, banking and financial technology discussed one sure bet: “Digital optional” is no option as we move toward contactless commerce. Looking At Digital IDs — And Friction.

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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. As Bryant said, the tool offers a way for CUs to measure the effectiveness of their fraud programs. “It

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PYMNTS

DECEMBER 20, 2018

According to a report in Moneycontrol.com , the French Data Protection Authority said the data breach could have been prevented by implementing “certain elementary security measures.” Earlier this year Uber settled with the state of California, agreeing to pay $148 million over the 2016 breach.

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PYMNTS

JANUARY 20, 2019

The breach also comes at a time when regulators in China have launched a probe into fake goods being hawked on the Pinduoduo marketplace. A Reuters report from August said that the State Administration for Market Regulation website announced government plans to interview the staff and deal with any illegal practices it uncovered.

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Independent Banker

DECEMBER 31, 2022

From new fee practices to peer-to-peer fraud, keep an eye on what regulatory changes could be developing in the new year. 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. Peer-to-peer fraud.

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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. Post-SCA deadline, a lack of readiness persists. Challenges in the EU and Beyond. That isn’t the case, however. The Benefits of SCA

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PYMNTS

DECEMBER 20, 2018

Thankfully, regulators are taking notice, and are passing protection laws like the General Data Protection Regulation ( GDPR ) — enforced in April 2016 and implemented earlier this year — and parts of the Second Payment Services Directive ( PSD2 ), set to take effect in September. Around The PSD2 World. Are Merchants Ready For PSD2?

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PYMNTS

MARCH 14, 2019

The Federal Trade Commission and Securities and Exchange Commission are scrutinizing Facebook, as is the Department of Justice’s securities fraud unit. The Cambridge Analytica investigation is being handled by prosecutors for the Northern District of California and is still ongoing.

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New York Data social media California 122

PYMNTS

JUNE 6, 2018

The review also caused warnings to go out on five industry-wide problems, along with 250 items that regulators wanted specific financial institutions (FIs) to correct. ” The news comes as Wells Fargo announced in May that it has agreed to pay $480 million to settle a securities fraud class-action suit.

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PYMNTS

JUNE 26, 2019

The SCA mandate could cost them more than $75 billion in sales, especially as fraud protection becomes more critical than ever and PSD2 creates more transparency in the banking world. Regulations can build trust and goodwill, though. PSD2’s impact in Europe has not gone unnoticed by regulators in other areas of the world.

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PYMNTS

MAY 8, 2019

Federal Trade Commission (FTC) is eyeing tighter scrutiny of small business lending practices as Commissioner Rohit Chopra calls on the regulator to combat predatory SMB loan contracts, reports in Bloomberg said on Wednesday (May 8). Chopra spoke at an agency forum in Washington, D.C.,

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PYMNTS

JULY 10, 2020

Regulation Vs. Market Forces. The need for both innovation and security comes at a time when open banking is gaining a foothold in the United States due in part to the pandemic. In recent years, we’ve seen the heavily regulated version of open banking in the E.U.,” Cohen said. However, Cohen said that in the U.S.,

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PYMNTS

JULY 20, 2018

IoT: The Internet of Things is here to stay, it seems, and yet so is the security risk. Thus, no surprise that the security part of the market, that is, safeguarding all of the above, is slated to grow 300 percent through 2023. Here, it’s the regulators who have fizzled. And maybe watch you, creepily, in the process.

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PYMNTS

FEBRUARY 2, 2020

In 2018, a security researcher said that it was possible “data from a California-based tech firm” tracked the mobile users of numerous carriers without their consent. Jeff Glueck , the CEO of the location data company Foursquare, wrote in an October opinion article that the industry needs regulation. Wyden said on Friday (Jan.

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PYMNTS

JUNE 15, 2018

After receiving preliminary approval for a settlement last July, Wells Fargo said that it has received final approval from a California court to settle a class action suit. Wells Fargo announced in May that it had agreed to pay $480 million to settle a securities fraud class-action suit.

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California Fraud National Security 109

PYMNTS

OCTOBER 23, 2018

The world might be growing smaller and more connected, but regulations and authentication methods can create issues for international businesses looking to expand globally. Scotland, meanwhile, is looking to distributed ledger technologies (DLTs) to develop secure digital identity credentials. to the U.K.

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Trends blockchain California Security 134

PYMNTS

MARCH 6, 2019

” Accounting strategies can not only boost transparency for regulators and visibility for a firm’s own leadership, but regulators say they can also promote security. Last October, the U.S. In the U.K., In the U.S.,

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Report Leadership Regulation California 139

PYMNTS

AUGUST 2, 2018

“Abuses in the mortgage-backed securities industry led to a financial crisis that devastated millions of Americans,” said Acting U.S. Attorney for the Northern District of California Alex G. It sends a strong message that the Department is committed to protecting the nation’s economy and financial markets against fraud.”.

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PYMNTS

JUNE 24, 2020

Reports in the Times of India said Cognizant has informed both its employees and authorities in its home state of California that most of the personal information stolen in the ransomware attack was linked to its corporate credit cards used by employees. The company has just secured a $78.7 Swile Lands VC For Corporate Meal Card.

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