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CSBS: California A Template For States’ Role In Data Privacy Regs

PYMNTS

Accordingly, we believe any federal proposal relating to the collection, use and protection of consumer data must preserve the role for state leadership in the areas of data privacy, security and control.”. He pointed to the recent enactment of the California Consumer Privacy Act of 2018 as an example. Here’s a mortgage analogy.

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Sezzle Names Former PayPal Exec To Lead Sales

PYMNTS

Sezzle , the Minneapolis-based installment-based payments platform, has announced the appointment of Reid Bork to its leadership team. In January, Sezzle was denied a crucial lending license from California. Sezzle said the cash will be used to further the company’s growth strategy and strengthen its balance sheet.

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CEO Davies Exits Revolut After One Year

PYMNTS

Davies is leaving Revolut to take over the Allica Bank, which specializes in lending to businesses, according to the FT. What a journey in the last year – leadership teams and operations in Ireland, the U.S., In February, Menlo, California-based TCV led a $500 million round.

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House Financial Services Committee: “rent-a-bank” hearing on Feb. 5; Director Kraninger to testify on Feb. 6

CFPB Monitor

The scheduled witnesses for Part One are: Monique Limón, Chair, Banking & Finance Committee, California State Assembly. Graciela Aponte-Diaz, Director of Federal Campaigns, Center for Responsible Lending. (The Committee has not yet acted on the bill.). Creola Johnson, Professor, The Ohio State University Moritz College of Law.

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CFPB files another status report in Section 1071 rulemaking lawsuit

CFPB Monitor

The CFPB has filed its fifth status report with the California federal district court as required by the Stipulated Settlement Agreement (Agreement) in the lawsuit filed against the Bureau in May 2019 alleging wrongful delay in adopting regulations to implement Section 1071 of the Dodd-Frank Act.

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CFPB files another status report in Section 1071 lawsuit

CFPB Monitor

The CFPB has filed its fourth status report with the California federal district court as required by the Stipulated Settlement Agreement in the lawsuit filed against the Bureau in May 2019 alleging wrongful delay in adopting regulations to implement Section 1071 of the Dodd-Frank Act.

Report 78
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Beneficial State Bank’s financial activism

Independent Banker

Under the leadership of CEO Randell Leach, Beneficial State Bank is pursuing an ambitious mission of financial activism and strong corporate values. It’s a CDFI, which means that 60% of lending is made to low- and moderate-income customers or underserved communities. Roshan McArthur is a writer in California.

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