CFPB Monitor

OCTOBER 6, 2022

A California state court has overruled the demurrer filed by Opportunity Financial, LLC (OppFi) to the cross-complaint filed by the California Department of Financial Protection and Innovation (DFPI) in which OppFi asked the court to reject the DFPI’s “true lender” challenge.

California 78

California FDIC Analysis Utah 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. 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

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. antitrust laws, sources told The Wall Street Journal. An FTC spokeswoman declined to comment. states and the DOJ.

social media 160

social media California Google Apple 160

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

SEPTEMBER 26, 2018

California Attorney General Xavier Becerra and San Francisco District Attorney George Gascón announced on Wednesday (Sept. 26) that they have reached a settlement with Uber Technologies Inc., Companies in California and throughout the nation are entrusted with customers’ valuable private information.

San Francisco 172

San Francisco District of Columbia Data California 172

PYMNTS

NOVEMBER 10, 2020

New York-headquartered PAAY, a consumer authentication innovator co-founded in 2011 by James Ruffer and Yitz Mendlowitz, has a new security solution that aims to obliterate hacking and fraud threats. The new solution also helps shield merchants from fines related to GDPR and the California Consumer Privacy Act (CCPA) noncompliance. .

Security 233

Security New York Atlanta Fraud 233

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. The use of IoT technology is gaining steam in alternative industries, such as beer brewing.

California 188

California San Francisco Charlotte Security 188

PYMNTS

SEPTEMBER 22, 2020

23) on the landmark complaint against the Menlo Park, California-based tech giant. We actually have to take a hard look at whether these behemoths are killing off innovation and competition.”. and other tech companies have been facing backlash from lawmakers and regulators around the globe. A DOJ spokeswoman declined to comment.

Google 213

Google Meeting Rhode Island social media 213

PYMNTS

SEPTEMBER 24, 2020

Companies are reexamining how they can use cloud technologies to comply with changing security standards as digital banking volumes expand. regulators have debated how companies can team up with third-party cloud providers while adhering to regulations such as GDPR, and noncompliance can lead to high-priced consequences.

Compliance 151

Compliance Fraud Regulation Security 151

PYMNTS

NOVEMBER 25, 2019

PYMNTS’ Credit Union Innovation Index found that 65 percent of such members chose their CUs because they trusted them, for example, with 60.8 The same artificial intelligence (AI) technology that helps CUs with analytics can also help hackers field botnets to overwhelm CU defenses.

Alaska 154

Alaska Hawaii California Analytics 154

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

CFPB Monitor

JANUARY 13, 2020

The governors of California and New York have both proposed to expand the authority of their respective state’s consumer financial services regulator. California. Licensing and examining new industries “that are current under-regulated”. Establishing a new Financial Technology Innovation Office.

CA 78

CA California New York Regulation 78

PYMNTS

SEPTEMBER 30, 2020

When the government’s case against Google reaches a courtroom, prosecutors will focus on the multinational technology conglomerate’s power over internet searches, the news service reported. We actually have to take a hard look at whether these behemoths are killing off innovation and competition.”. Google, Facebook Inc.

Google 184

Google Report California Apple 184

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

American Banker

FEBRUARY 27, 2024

The San Francisco neobank made "occasional mistakes" regarding its responsiveness to customer complaints, according to the California Department of Financial Protection and Innovation.

San Francisco 46

San Francisco California Innovation Compliance 46

PYMNTS

JULY 23, 2018

In terms of testing, Bear Robotics has been piloting Penny with a restaurant group in California. In terms of payment technology, Bear Robotics also hopes to integrate a point of sale (POS) system in the future, but for now, Penny can deliver a check. Zume isn’t the only company embracing technology when it comes to making pizza.

Innovation 100

Innovation California Examples Groups 100

PYMNTS

MARCH 17, 2017

But on the second day of Innovation Project 2017, eyes were beyond Beantown and cast toward the world at large. The money flow — between, say, the United States and Mexico, or as remittances evolve in newly (almost) cashless India — may be embracing technology, but interactions between banks, wires and processors are still required.

Innovation 103

Innovation Lending Boston Security 103

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

JUNE 17, 2019

We will continue to look for ways to release innovative financial education tools and partner with public and private sector entities engaged in consumer financial education to maximize the reach of these tools.”. Regulations Abroad.

cryptocurrency 108

cryptocurrency California United States Regulation 108

PYMNTS

FEBRUARY 16, 2017

The Institute for Money, Technology & Financial Inclusion (IMTFI) at the University of California, Irvine announced Wednesday (Feb. According to UCI, the first report to come out of the center, which is slated for later this year, will look at the drivers of financial technology change, as well as consumer adoption.

Fintech 108

Fintech Financial Technology California Study 108

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. His career has focused on aligning technology and banking services. Location: Fort Lauderdale, Fla.

Florida 91

Florida Community Bank Community FDIC 91

PYMNTS

AUGUST 5, 2019

Connected and self-driving cars and truck stand as some of the next big frontiers when it comes to retail and retail innovation, but challenges to that future — real and potential problems that could slow down progress when it comes to autonomous vehicles — are increasing appearing on the horizon. New Timetable. The immediate goal?

Retail 144

Retail New York Detroit Technology 144

PYMNTS

FEBRUARY 21, 2018

According to reports, Kaliningrad governor Anton Alikhanov and VEB chairman Sergey Gorkov met with officials at the Russian Investment Forum to announce their collaboration using, according to Alikhanov, VEB’s “competence in the area of blockchain technology. In Spain, regulators are reportedly exploring how to support blockchain developers.

blockchain 130

blockchain Los Angeles Regulation Oregon 130

PYMNTS

MAY 7, 2020

is not as simple as just building out the technology stack, however. Companies like Unibet must also be aware of changing regulations regarding online betting that can limit how fast and how far firms can innovate. Regulatory Hurdles Trip Up Disbursement Innovation. Enabling faster disbursement options in the U.S.

Online 142

Online New Jersey Pennsylvania Regulation 142

PYMNTS

JULY 29, 2019

Streaming will only be available while the car is parked, though Musk said that “when full self-driving is approved by regulators, we will enable video while moving.” Many carmakers and tech companies, including Alphabet and Uber, are working on bringing autonomous vehicle technology to the market.

Arizona 133

Arizona California Video Course 133

PYMNTS

JUNE 13, 2019

It’s nearly impossible for human analysts to examine every sign of malfeasance with banks processing millions of transactions each day, but that is exactly where learning technologies like artificial intelligence (AI) and machine learning (ML) can help. It certainly doesn’t hurt BNY Mellon to be here. It helps.”.

Fraud 128

Fraud Analytics New Jersey Data 128

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. The recent payouts by the U.S.

Payments 172

Payments Fraud Security Technology 172

PYMNTS

NOVEMBER 7, 2018

Chinese tech giant Tencent Holdings is looking to hire self-driving car engineers in Palo Alto, California. “We Earlier this month it was reported that the company wanted to expand into industries such as healthcare and connected cars as it faces tougher regulations in its home country.

CA 122

CA social media Groups California 122

PYMNTS

SEPTEMBER 18, 2020

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. Epic Games indicated that the California-based tech firm has provided an extension without an end for fans to get into the survival game.

Fraud 141

Fraud Apple California Innovation 141

PYMNTS

OCTOBER 14, 2019

As the digital economy grows, you can bet that crowdsourcing will become an even bigger part of innovation and disruption, along with hiring and investment — all of which will serve to help build only new companies but vital digital infrastructure. One big recent example in favor of such points comes from Goldman Sachs.

Training 187

Training United States Innovation California 187

Gonzobanker

FEBRUARY 23, 2022

In this emerging landscape, financial institutions, often community banks, frequently “rent” their charter to financial technology firms (fintechs) that serve a specific consumer group as a means to grow non-interest income. Executives should embrace technology partners as a means of growing and enhancing their customer value proposition.

Community Bank 133

Community Bank Strategy Risk Management Fintech 133

PYMNTS

APRIL 21, 2017

Apple looks to have joined the race to develop self-driving technology. At the time, “future stuff” was widely thought to be a reference to augmented reality technology. On Friday of last week, Apple secured a self-driving road test permit from the California DMV. With self-driving technology to boot?

Apple 115

Apple California Software Technology 115

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

JUNE 14, 2019

The new law puts the responsibility on companies making the technology to make sure the cars are safe and don’t cause accidents. With this bill, Florida officially has an open-door policy to autonomous vehicle companies, and I encourage them to relocate from California to Florida,” DeSantis said. The bill goes into effect on July 1.

Florida 154

Florida San Francisco Michigan Texas 154

PYMNTS

APRIL 25, 2016

Uber CEO Travis Kalanick announced that the company had settled two court cases filed in California (O’Connor v. Uber Technologies Inc.) Uber Technologies Inc.) and Massachusetts (Yucesoy v. Once a quarter, Kalanick said that Uber would meet with the association to “discuss the issues that matter most to drivers.”

Massachusetts 100

Massachusetts San Francisco California Austin 100

PYMNTS

MARCH 30, 2020

California Consumer Privacy Act (CCPA), Washington Privacy Act (WPA) and other new privacy and online transaction standards are changing how businesses interact with consumers’ data in the U.S. Retailers also typically have more personal relationships with consumers as they deal more directly with them than regulators.

United States 131

United States Retail Customer Experience Data 131

PYMNTS

MARCH 19, 2018

The Wall Street Journal stated that following the accident , Uber temporarily removed its vehicles from the streets of Tempe, San Francisco, Pittsburgh and Toronto — cities in which it has been testing the new technology. That bill was stalled in the Senate in 2018 following concerns about the safety of self-driving cars.

Arizona 101

Arizona San Francisco National California 101