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 is dramatically altering how merchants can transact, which data they can store and where they can store it, however.

Regulation 175

Regulation Data Regional Examples 175

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

JANUARY 29, 2020

The National Institute for Smart Governance (NISG) in India has published a report recommending that laws around blockchain should be based on what the technology does, and not the technology itself, according to a report Tuesday (Jan. said that national policy might not be enough in terms of crypto regulation. . “We

Bitcoin 132

Bitcoin Regulation blockchain Delaware 132

PYMNTS

JULY 29, 2019

Proposed regulations would give small businesses in California the nation’s most extensive set of truth-in-lending protections for small business borrowers. . In 2018, California began the journey of establishing lending transparency for small businesses in the state.

Lending 182

Lending California Comparison Regulation 182

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

PYMNTS

JULY 16, 2018

New rules may loom for technology providers pertaining to privacy — on a national level. The push comes in the wake of California passing legislation that allows consumers to demand that companies disclose how and why they are collecting data. Bloomberg reported that the top 10 regulated banks in the U.S.

National 100

National California Regulation United States 100

PYMNTS

DECEMBER 12, 2016

9), Michigan became the first state in the union to pass statewide, comprehensive self-driving vehicle regulations that allow autonomous vehicles to drive … well, autonomously. Additionally, these companies can also have vehicle prototypes approved by the National Highway Traffic Safety Administration (NHTSA).

Michigan 100

Michigan Regulation Florida Apple 100

PYMNTS

APRIL 1, 2020

This legislation represents a significant breakthrough – the first time a state or nation has passed a new law devoted exclusively to putting guardrails in place for the use of facial recognition technology,” Smith said in the post. Many states don’t have any laws regulating the use of facial recognition technology.

Washington 304

Washington Policies San Francisco Oakland 304

Payments Source

MARCH 17, 2020

The Australian firm agreed to pay around $1 million in connection with allegations that it broke the law by operating without a license in the nation's largest state.

California 82

California National Operations Industry 82

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

American Banker

DECEMBER 3, 2023

Maxine Waters pressed executives from City National Bank, PNC Financial Services and Wells Fargo on opening branches in her California district and upholding promises made from recent merger agreements or consent orders.

California 75

California National Policies Compliance 75

CFPB Monitor

FEBRUARY 16, 2022

Around the nation, regulators are preparing to implement and enforce new consumer-like disclosure laws for small business commercial finance providers. New York regulators have yet to issue final regulations implementing the state’s Commercial Finance Disclosure Law (CFDL), which went into effect on January 1, 2022.

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North Carolina Missouri Maryland Mississippi 78

PYMNTS

AUGUST 25, 2016

But Clearinghouse CDFI can also offer interesting insight into the state of regulation of small business lending and how greater oversight may impact the SMEs that prop up their local communities. “Because real estate in California tends to be expensive and cost-prohibitive, many small businesses do not own real estate.

Regulation 100

Regulation Lending Community California 100

PYMNTS

SEPTEMBER 26, 2018

California Attorney General Xavier Becerra and San Francisco District Attorney George Gascón announced on Wednesday (Sept. Uber is accused of exposing the data of 57 million users and paying hackers to hide the breach instead of reporting it to law enforcement and regulators.

San Francisco 172

San Francisco District of Columbia Data California 172

PYMNTS

NOVEMBER 23, 2020

A recent report released by the United Nations found that 132 out of 194 countries have now introduced data protection regulations of some kind, all varying in terms of what type of information they protect and the severity of their restrictions. Around The Data Protection World.

Industry 298

Industry Regulation Data Study 298

PYMNTS

JULY 13, 2020

The nation’s banks hoping to use COVID-19 as an excuse to shutter branches or get permanent concessions from regulators better think again, the Financial Times reported. Department of Treasury, told the newspaper he was not prepared to revisit the fundamentals of bank regulations as a result of the pandemic.

San Francisco 172

San Francisco Regulation California National 172

PYMNTS

JULY 20, 2020

According to the 10-page complaint , by not providing the information, Uber is in violation of the European Union’s General Data Protection Regulation (GDPR), which regulates privacy protection in the 28-nation bloc. A hearing is set for Aug. In response, Uber said most drivers prefer independence working as contractors.

Los Angeles 167

Los Angeles California Data Regulation 167

Payments Source

SEPTEMBER 19, 2019

A first-in-the-nation bill that drew unanimous support from the state Senate failed to get over the finish line this year. What happened?

California 64

California National Lending Regulation 64

American Banker

MAY 31, 2022

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California 69

California National Policies Compliance 69

PYMNTS

JUNE 16, 2020

They spoke before the Subcommittee on National Security, International Development, and Monetary Policy Tuesday. In addition, National Cyber Security Alliance Executive Director Kelvin Coleman said in his testimony that Congress “should consider making game-changing investments in cybersecurity awareness and education.”

US 227

US Cyber Security Security National 227

PYMNTS

JANUARY 12, 2021

It also has a California office, which opened in 2017, and has plans for a Colorado office. The system was created over years through an effort involving the Bill & Melinda Gates Foundation and the State Bank of Pakistan, with help from the United Nations, the U.K. Pakistan Launches Payment System To Boost Financial Inclusion.

Detroit 135

Detroit New York City System Payments 135

Independent Banker

DECEMBER 31, 2022

According to a court filing in California, the CFPB plans to issue a final rule implementing Dodd-Frank Section 1071 small business (generally, those with gross annual revenues of less than $5 million) reporting requirements by March 31, 2023. Interest at the state and national level is expected to continue in 2023. Evolving risks.

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Compliance FDIC Community Bank Community 100

PYMNTS

NOVEMBER 22, 2019

Airbnb announced significant safety measures after a deadly house shooting in California. The startup is also getting ready for a public listing next year and is aiming to take care of regulatory issues with different cities across the nation. 5 when Jersey City residents voted to apply more regulations to short-term rentals.

US 108

US Illinois Policies Regulation 108

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

CFPB Monitor

FEBRUARY 20, 2020

The OCC and FDIC announced yesterday that they have extended the 60-day comment period for their joint proposal to revise their regulations implementing the Community Reinvestment Act that was published in the Federal Register on January 8, 2020. As extended by 30 days, the comment period ends on April 8, 2020.

FDIC 78

FDIC Community California National 78

PYMNTS

JANUARY 6, 2020

3, 2020, the California Consumer Privacy Act (CCPA) went into effect, ushering in the strongest consumer data protections in the U.S. While the new regulations are creating uniformity and fostering trust, small differences between markets continue to present opportunity. The Kismet of Open Banking. And there are other barriers, too.

Fintech 130

Fintech Regulation California System 130

American Banker

MARCH 17, 2020

The Australian firm agreed to pay around $1 million in connection with allegations that it broke the law by operating without a license in the nation's largest state.

California 46

California National Operations Industry 46

PYMNTS

NOVEMBER 28, 2017

comptroller of the currency on Monday to serve as the leading regulator of national banks. He was most recently chief executive officer of OneWest, the California lender started by Mnuchin after the 2008 housing crisis. Joseph Otting was sworn in as U.S. and Wells Fargo. Bank and Union Bank.

California 100

California Regulation America National 100

PYMNTS

JUNE 21, 2018

Sources say Robinhood Markets is in talks with regulators about offering banking services to its more than 4 million users. If Robinhood were to start offering more traditional banking services, it would follow in the footsteps of FinTech startups like Social Finance and Stash Financial , which have launched similar products in recent months.

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Regulation Millennials California Capital 123

PYMNTS

OCTOBER 13, 2017

Foreign property buyers appear to have gotten that message, if research from the National Association of Realtors (NAR) is any indication. The nation, notably the areas of Toronto and Vancouver, is seeing a high influx of buyers purchasing properties due to the region’s low interest rates. Global Real Estate Bargain Shopping.

California 171

California National New Jersey Report 171

Independent Banker

OCTOBER 1, 2022

Community bank customers can be at ease knowing that community banks take the protection of their customers’ data very seriously, and community banks are regulated by some of the strictest data privacy laws of any sector,” Estep says. The California Privacy Rights Act ripple effect. Bob Hickok, Eide Bailly. Tom Tollerton, Forvis LLP.

Data 91

Data How To Community Bank California 91

CFPB Monitor

OCTOBER 4, 2018

On September 19, 2018, California enacted AB-3212. The Bill amends the California Military and Veterans Code to expand the protections offered to qualifying servicemembers under state law and to impose new criminal penalties for certain violations of its provisions. Scope of Coverage.

California 74

California Report Compliance Payments 74

PYMNTS

NOVEMBER 25, 2019

In the November Credit Union Tracker , PYMNTS explores the latest in the world of CUs, including new Congressional regulations, partnerships between CUSOs and technology providers, and the new generation of cybersecurity threats. Another CU issue currently awaiting federal regulation is legalized marijuana.

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Alaska Hawaii California Analytics 154

PYMNTS

FEBRUARY 28, 2020

The following Deep Dive explores the devastating impacts data breaches can have on credit unions, as well as the measures that CUs and the state of California are developing to protect CU members. Many are leveraging the Automated Cybersecurity Examination Tool, developed by the National Credit Union Administration (NCUA), to bridge this gap.

Data 131

Data California Security Pennsylvania 131

PYMNTS

SEPTEMBER 11, 2019

About a year-and-a-half after a state Supreme Court decision that brought the issue to the forefront of legislators’ attention, the California Senate voted to approve Assembly Bill 5 on Tuesday (Sept. It seems AB 5 is done but for the final counting — and will soon be California’s local law of the land.

California 162

California Course New Jersey Virginia 162

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. Katie Kuehner-Heber t is a writer in California. Location: Fort Lauderdale, Fla.

Florida 91

Florida Community Bank Community FDIC 91

PYMNTS

APRIL 25, 2017

TechCrunch said the fight between states and the OCC centers on a proposal made by the OCC in December, in which it details a program that enables FinTechs to apply for charters to become special purpose national banks. Other concerns are that the OCC doesn’t understand FinTech and therefore shouldn’t regulate it.

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Fintech Ohio Florida Oregon 109