CFPB Monitor

FEBRUARY 13, 2020

On February 7, 2020, the California Attorney General’s (AG) Office released modifications to the proposed regulations to the California Consumer Privacy Act (CCPA). The modifications incorporate amendments to the CCPA signed into law after the AG’s Office issued the proposed regulations in October 2019.

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PYMNTS

FEBRUARY 10, 2020

And except when you’re the first retailer to get rung up under the new California Consumer Privacy Act (CCPA). The CCPA is similar to the European Union’s General Data Protection Regulation ( GDPR ), which took effect in 2018. The California law is more specific and more punitive for breaches. Except when it’s a lawsuit.

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California Retail Compliance Data 130

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 has refocused scrutiny on the open banking ecosystem’s privacy and security. The Data Privacy Twist .

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PYMNTS

DECEMBER 9, 2020

The pandemic has spurred consumers to go online for all manner of daily activities — and the fraudsters are following them. The passwords, user names and Social Security numbers that once helped us prove we are who we say we are now are vulnerable or have already been compromised. Data security is such an important topic,” he said.

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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. Around The Data Protection And Security World. Security .

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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 24 to respond.

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PYMNTS

NOVEMBER 24, 2020

This uptick in online medical interactions is putting increased pressure on healthcare insurers, providers and pharmacies to digitally identify patients swiftly and accurately in a secure manner, according to Cary Breese , CEO of California-based online pharmacy and prescription delivery service NowRx. .

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Data Regulation California Security 162

CFPB Monitor

APRIL 14, 2021

The California Department of Financial Protection and Innovation (DFPI) has issued modifications to its proposed regulations to implement SB 1235, the bill signed into law on September 30, 2018 that requires consumer-like disclosures to be made for certain commercial financing products, including small business loans and merchant cash advances.

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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

JANUARY 13, 2020

And beginning earlier in the month, new laws seek to tackle “rogue traders and online tricksters,” as denounced in a statement by Vera Jourova, the EU’s commissioner for values and transparency. That applies, too, to online ticket sales. A California CFPB?

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Data social media Regulation California 131

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.

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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. Around the Data Protection and Security World. and Turkey. Several other countries are following its lead, such as the U.S.,

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Regulation California Regional Fintech 131

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 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. sales operations.

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California Policies Company Apple 100

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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Study Data Regulation Digital Banking 192

CFPB Monitor

SEPTEMBER 26, 2018

Less than three months after California passed the California Consumer Privacy Act of 2018 (CCPA), Governor Jerry Brown signed SB 1121 this week, making a number of technical and substantive changes to the law. Of particular note: SB 1121 modifies the financial institution carve-out language in CCPA section 1798.145(e).

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California Regulation Online Examples 60

PYMNTS

NOVEMBER 6, 2019

The impact of the regulation on the way payments and authentication can be conducted is being felt throughout the EU, but regulators in a variety of markets are still evaluating how SCA can best be applied. The European Commission recently determined that SCA will still apply to EU customers who make online purchases from U.K.

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Compliance Regulation California Online 111

PYMNTS

DECEMBER 2, 2020

Luxembourg regulators have given a thumbs-up to the FinTech PingPong , authorizing it to do business as an Electronic Money Institution (EMI). The San Mateo, California-based company said the new license would aid its expansion efforts and ensure that it can “provide a secure electronic wallet.”.

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Fintech San Francisco New York California 158

PYMNTS

SEPTEMBER 4, 2019

She noted that the consumer attitude toward their personal data and the security protecting that data is changing. “We In online commerce, though, friction is part of the equation. We’re obviously seeing a lot more fraud going to online and mobile channels. Healthy Friction, Evolving.

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Online Fraud Mobile Data 110

PYMNTS

DECEMBER 20, 2018

From using instant messaging to getting directions and shopping online, consumers are constantly generating a trail of data about their preferences and whereabouts. Some businesses are already feeling the effects of privacy regulations. Around The PSD2 World. Smart cities ” based outside the U.S. Are Merchants Ready For PSD2?

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San Francisco Regulation social media Data 187

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. Awareness Issues. That isn’t the case, however.

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Regulation Survey California Retail 123

CFPB Monitor

DECEMBER 8, 2022

Coupled with this addition is a breach notification exception for businesses that are (1) subject to and (2) in compliance with HIPAA’s privacy and security standards. This amendment also brings Pennsylvania law into alignment with other states, such as California, that have a similar definition of personal information.

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Pennsylvania Data California Compliance 78

PYMNTS

DECEMBER 15, 2020

Six weeks after securing passage of the Proposition 22 ballot measure that overturned a California law requiring part-time workers to be reclassified as employees, two of its biggest backers have rolled out new fees to offset expenses related to additional worker benefits. Uber said it will add surcharges of up to $1.50 percent of U.S.

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California New York Taxes Illinois 227

PYMNTS

JUNE 26, 2019

SCA is intended to make online transactions safer for consumers. But some worry it could add friction and possibly result in fewer online sales. Regulations can build trust and goodwill, though. That’s one of the biggest discussions right now in open banking — the security and liability issue,” Zachariadis said.

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California Regulation Fintech Data 109

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. Modern retail is not just a physical store thing or a mobile thing or an online thing. Consumers And Privacy Changes .

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United States Retail Customer Experience Data 131

PYMNTS

JULY 15, 2020

That’s bureaucratic code for “Regulators will be checking on ‘Know Your Patient’ (KYP) compliance in the near future.” This is where medical organizations use online identity verification technologies to capture a patient’s government-issued ID and a corroborating selfie to ensure the person behind the ID is the person creating the account.”.

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Data Compliance Regulation Meeting 146

CFPB Monitor

MAY 4, 2022

California, of course, passed the California Consumer Privacy Rights Act (CPRA) via ballot initiative in 2020. Data Minimization and Security. No other state has yet required companies to recognize global opt out signals, although California may effectively do so via rule making. Contractors and Sub-Contractors.

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PYMNTS

JANUARY 20, 2019

Pinduoduo , the Chinese Nasdaq-listed Internet marketplace that lets consumers get discounts from merchants, announced Sunday (January 20) that an online collective stole tens of millions of yuan worth of discount vouchers. Reuters , citing Pinduoduo, said the group took advantage of a loophole on the platform to steal the vouchers.

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Apple California Fraud Regulation 148

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. That’s no small feat for any de novo, especially during a pandemic. Built on a solid foundation.

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Florida Community Bank Community FDIC 91

PYMNTS

OCTOBER 3, 2019

Helix TCS is developing its Amercanex online marketplace for wholesale cannabis, and integrated into that platform will be Dama Financial’s payment services and other financial tools. Amercanex will give these business owners the opportunity to maintain and grow their business operations online in a secure and legitimate way.”.

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Compliance Industry California Taxes 130

PYMNTS

JULY 5, 2018

Reports are surfacing that, since the European Union’s General Data Protection Regulation took effect on May 25, customers exercising their rights under the law are contacting companies with questions about how their online data is being handled, and to request copies of that data. Breathing Room. Brazil Law?

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Regulation Data Exercises Online 102

PYMNTS

AUGUST 3, 2018

The announcement comes as news surfaced that Coinbase was acquiring securities dealer Keystone Capital , a California-based FINRA-registered broker-dealer, which will allow the firm to run an alternative trading system. To allow eCommerce merchants to accept cryptocurrency from buyers, Coinbase has rolled out a new plug-in.

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cryptocurrency Bitcoin California blockchain 101

PYMNTS

OCTOBER 14, 2019

As far as hiring goes, crowdsourcing promises to play a big role in the coming years — perhaps even decades — for the vital task of securing the web. Cybersecurity is one of the main tasks in the world of digital commerce and payments, and it’s a task that is getting more attention from consumers, companies, regulators and others.

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Training United States Innovation California 187

PYMNTS

SEPTEMBER 8, 2020

. $1 million was stolen from the City of Industry via invoice fraud, claims officials in the California city. s largest banks under the Payment Systems Regulator and helps to mitigate risk that any push payments might be sent to the wrong beneficiary via Faster Payments, CHAPS and Bacs. According to Stuff.co.nz

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Company Los Angeles Fraud Data 174

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. They are likely living life, now more than ever, online. “As

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Tools Fraud Data Security 143

PYMNTS

OCTOBER 10, 2019

Take online security as another ongoing example. Indeed, cybersecurity is one of the main tasks in the world of digital commerce and payments, and it’s a task that is getting more attention from consumers, companies, regulators and others. Cybersecurity Push.

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United States Retail Online Training 175

PYMNTS

JUNE 1, 2020

But the renewed focus on security and dispute resolutions is a critical factor as McCarthy noted, “there’s a whole raft of merchants that are 20 years behind the curve that have quickly had to go online” and take transactions done in bits and bytes. Hajimusa stated that it’s important to differentiate between security and privacy.

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