PYMNTS

MARCH 27, 2020

While the advancement of open banking regulations may be seeing a small skip due to the spread of the coronavirus , many countries saw business and typical banking operations halted right after deciding upon new online privacy rules. Considering t he global nature of COVID-19, regulators outside of the U.S. Security .

Data 199

Data Retail US California 199

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. A number of states have challenged these regulations.

Utah 78

Utah California FDIC West Virginia 78

CFPB Monitor

FEBRUARY 9, 2021

The California Department of Financial Protection and Innovation (DFPI) announced last week that it has launched an investigation into whether student-loan debt-relief companies operating in California are engaging in illegal conduct under the California Consumer Financial Protection Law (CCFPL) and Student Loan Servicing Act (SLSA).

CA 78

CA Company Innovation California 78

PYMNTS

MAY 4, 2017

Then, companies working to develop the technological means for cars to drive themselves have levied more than a few criticisms against proposed regulation changes in the state of California. sales operations. Apple, for one, is hoping that California will work to toughen some of its current self-driving road test policies.

California 100

California Policies Company Apple 100

CFPB Monitor

APRIL 6, 2021

The California Department of Financial Protection and Innovation (DFPI) announced last week that it has entered into a consent order that permanently bars James Berry and any company he owns or controls from soliciting customers for Property Assessed Clean Energy (PACE) financing and seeking future enrollment as a solicitor for PACE programs.

CA 78

CA California Company Innovation 78

PYMNTS

MAY 24, 2019

In the May Intelligence of Things Tracker , PYMNTS explores the latest news in IoT, including new innovations, security issues, and how oversight groups and governments are reacting to the growing concerns surrounding IoT. Currently, Express Logic operating systems are installed in 6.2 Developments from Around the IoT World.

California 188

California San Francisco Charlotte Security 188

PYMNTS

JANUARY 2, 2020

These financial institutions ( FIs) have recognized how this regulation has affected the EU financial ecosystem, and they have passed that familiarity onto the merchants and payment providers that work with them. One of the latest countries to adopt PSD2 is Turkey, where its parliament just passed support for open banking regulations.

Regulation 131

Regulation California Regional Fintech 131

PYMNTS

JULY 17, 2020

Facebook Inc’s top executives could be required to testify before the Federal Trade Commission (FTC) as the regulator investigates whether the California-based social media conglomerate has violated U.S. CEO Mark Zuckerberg and Chief Operating Officer Sheryl Sandberg are preparing for potential depositions, a source told The Journal.

social media 160

social media California Google Apple 160

PYMNTS

JUNE 20, 2019

According to the new Credit Union Tracker , as of March 2019 there were an estimated 5,572 CUs in operation and in the same month 324,000 consumers joined CUs. Roughly one-third (35 percent) have made data analytics investments over the past three years, according to the Credit Union Innovation Playbook. In the study, 91.7

Innovation 100

Innovation Cards Analytics Video 100

PYMNTS

NOVEMBER 1, 2018

FinTech innovation is often a layered process, taking existing infrastructures and processes, and developing new tools to improve upon them. These markets have similar challenges to the legal marijuana sector: products that are regulated, expire and have unique needs in terms of compliance and shipping. .

Taxes 122

Taxes California Regulation Innovation 122

PYMNTS

JULY 10, 2020

Open banking comes in several flavors, yet its rise requires robust Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures, Zac Cohen , chief operating officer at identity verification firm Trulioo told Karen Webster in a recent interview. Regulation Vs. Market Forces. The Pandemic Is Speeding Innovation Up.

Data 272

Data Innovation Fintech Illinois 272

PYMNTS

FEBRUARY 6, 2020

Lauren Saunders, who serves as associate director of the National Consumer Law Center, said state-regulated lenders “lauder their loans up to 160 percent annual percentage rates through banks in order to evade state interest rate caps. These schemes are spreading across the country and are starting to explode.”. The Rent-a-Bank Scheme.

Utah 130

Utah National California Regulation 130

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. GDPR has been a blueprint for many online data and privacy regulations rolled out around the world. EU and U.K.

Compliance 151

Compliance Fraud Regulation Security 151

CFPB Monitor

FEBRUARY 2, 2021

Since the California Consumer Financial Protection Law (CCFPL) became effective on January 1, the state’s Department of Financial Protection and Innovation (DFPI) has wasted no time in asserting its expanded jurisdiction over consumer financial services providers. (The

CA 60

CA Company Innovation Regulation 60

PYMNTS

DECEMBER 27, 2020

Binance KR will cease operations because of low usage and volume with limited trading pairs of BKRW. He said he wanted the city to be the "vanguard" of innovation for crypto. Suarez has also pushed for Silicon Valley tech experts not happy with California's regulations to move to his city instead.

Bitcoin 254

Bitcoin Miami cryptocurrency ATM 254

PYMNTS

JULY 31, 2017

The Tracker is a bimonthly report showcasing the most significant developments reshaping the credit union market, with attention paid to the biggest partnerships and acquisitions in the industry, notable tech innovations and the shifting regulations that could drastically change how these institutions operate.

Report 114

Report Innovation Regulation National 114

PYMNTS

JULY 23, 2018

Chief Operating Officer Juan Higueros told PYMNTS.com in an interview. In terms of testing, Bear Robotics has been piloting Penny with a restaurant group in California. For other cuisines, Pasadena, California-based startup Miso Robotics is ready to introduce Flippy, the automated fast-food burger-flipper.

Innovation 100

Innovation California Examples Groups 100

PYMNTS

JANUARY 28, 2019

Yes, I know that for many of you, especially in California, this is old news and standard operating procedure – but hear me out. The card networks left it up to the states to decide whether or not to allow its operating merchants to do so. And then regulators are forced to backtrack. Innovation by Any Other Name.

Regulation 181

Regulation Boston Cards Innovation 181

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. Will Chinese Authorities Force Ant To Restructure? . A Growing Crackdown .

US 168

US Regulation Groups System 168

South State Correspondent

OCTOBER 26, 2023

As can be seen, the conference largely revolved around payments, artificial intelligence, fintech partnerships/management, regulation, and fraud/identity in its various forms. This bill of “personal financial data rights” is similar to the California Privacy Protection Act that is already in force for banks doing business in CA.

Conference 221

Conference Las Vegas Fraud Case Study 221

PYMNTS

MAY 7, 2020

Kindred Group operates the online casino and sportsbook service Unibet. Kindred Group, which also supports gambling platforms in Europe and Australia, has been operating its Unibet brand in New Jersey and Pennsylvania for about a year. Regulatory Hurdles Trip Up Disbursement Innovation. This can slow down progress.

Online 142

Online New Jersey Pennsylvania Regulation 142

Independent Banker

JULY 31, 2022

Locality Bank, a digital-first community bank serving south Florida that opened in January, is run by industry veterans with such successful track records that regulators signed off on their application for a charter in less than a year. Location: Fort Lauderdale, Fla. That’s no small feat for any de novo, especially during a pandemic.

Florida 91

Florida Community Bank Community FDIC 91

CFPB Monitor

MARCH 18, 2021

The CFPB’s complaint , which was filed in a California federal district court, also names FNZA Marketing, LLC (FNZ) as a relief defendant. . Student debt relief companies have also been a continuing FTC target.

Company 78

Company Management Leadership California 78

PYMNTS

JUNE 14, 2019

Florida governor Ron DeSantis has signed a bill that allows autonomous cars to operate on the roads without requiring a human being to be behind the wheel, according to reports. Also, there’s a requirement for a $1 million insurance policy for death, injury and property damage for cars that operate as taxis.

Florida 154

Florida San Francisco Michigan Texas 154

PYMNTS

FEBRUARY 28, 2020

PYMNTS’ Credit Union Innovation Index found 65 percent of CU members chose credit unions as their primary financial institutions (FIs) because they trusted them, compared to 45 percent of non-CU members who said the same. California’s Protective Measures And Their Costs. Data Breaches Within And Without. Canada’s largest CU, the 4.2

Data 131

Data California Security Pennsylvania 131

PYMNTS

MARCH 19, 2018

Police in Tempe told the WSJ that Uber’s vehicle, which had a human operator at the wheel to step in if need be, collided with Elaine Herzberg, a 49-year-old woman, while she was crossing outside the crosswalk. The accident will most likely prompt calls for more regulation of self-driving vehicles as tests continue all over the country.

Arizona 101

Arizona San Francisco National California 101

PYMNTS

JUNE 13, 2019

Standards like that are unsustainable for banks operating on the scale of BNY Mellon, which handles more than $34 trillion in assets. You give your operational team magnets.”. AI can also ensure bank activities are compliant with regulations and anti-money laundering (AML) standards, keeping banks out of legal hot water. “We

Fraud 128

Fraud Analytics New Jersey Data 128

PYMNTS

JUNE 19, 2019

To stay competitive, many CUs are turning to data analytics to improve their operations in a number of areas, such as faster transactions and improved security. Like many FIs, California-based Redwood Credit Union has used data analytics since its inception. Smaller CUs are also getting more advanced. percent from the year prior.

Analytics 131

Analytics Video blockchain Training 131

Gonzobanker

FEBRUARY 23, 2022

However, if BaaS is ever going to enhance shareholder value, bankers need to ensure they have the strategic focus, operational savvy, and execution commitment to do it right. Early adopters are earning prestige while investors and a hoard of community banks explore the opportunity to tap into this new source of revenue.

Community Bank 133

Community Bank Strategy Risk Management Fintech 133

PYMNTS

FEBRUARY 21, 2018

Singapore stepped onto the global stage as a world leader in blockchain innovation in recent months. Financial regulators may want to begin looking at not only regulating blockchain, but how blockchain can help in their own regulatory efforts — in this case, to ensure proper safeguards and controls in the banking sector.

blockchain 130

blockchain Los Angeles Regulation Oregon 130

Gonzobanker

DECEMBER 14, 2023

THE BANKER AWARDS The Bank Acquisition of the Year – goes to the unique PacWest and Banc of California deal. Award – goes to CNBC’s Jim Cramer , who lamented that banks should have been innovating offerings like those delivered by PayPal and Square. The Bank Regulator Working for Merchants Award!

Fintech 195

Fintech Community Regional Technology 195

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

PYMNTS

APRIL 21, 2017

On Friday of last week, Apple secured a self-driving road test permit from the California DMV. Apple now joins 29 other automotive and tech companies who have received test permits in California for self-driving technology. Didi set up an AI lab in California last month, signaling yet another self-driving technology play in the works.

Apple 115

Apple California Software Technology 115

PYMNTS

OCTOBER 14, 2019

So went the narrative, which formed the central thesis of a study about the regulated taxi industry in the City of San Francisco, which was presented to then-mayor of San Francisco and now Governor of California Gavin Newsom. Uber Black has upended the black car industry, while Uber X has, over time, largely displaced the taxicab.

San Francisco 178

San Francisco New York Study Industry 178

PYMNTS

JANUARY 6, 2020

Olo also has partnerships with Five Guys, The Cheesecake Factory and California Pizza Kitchen. Indeed, Olo CEO Noah Glass recently spoke with PYMNTS’ Karen Webster about the industry as a whole, and touched on the trend of “ghost kitchens,” where third-party operators prepare food and hand it off right to drivers.

Online 130

Online Trends New York Branding 130

PYMNTS

APRIL 5, 2019

One of the legal operations that are springing up in the states that have approved the above-board sale of marijuana products? First, a quick review of the situation: Even though legal pot keeps gaining traction – according to one official state estimate, the market in California alone will reach at least $5.1 Among the first lessons?

Payments 185

Payments Retail Industry Software 185

PYMNTS

SEPTEMBER 27, 2016

A recent article by The Wall Street Journal showed fully autonomous robots picking and stacking goods in a Target distribution center in California. The picture is so different to the traditional warehouse setting, where workers buzz about on forklifts stacking and picking and conforming to safety regulations and just-in-time processes.

Mobile 100

Mobile Payments Los Angeles California 100