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California Legislature Passes AB-1864 Setting the Stage for the “Department of Financial Protection and Innovation” and the California Consumer Financial Protection Law

CFPB Monitor

Any person licensed, chartered, or who have been issued a certificate under the Financial Institutions Law. The CCFPL requires the DFPI to establish a “Financial Technology Innovation Office.” Additional Aspects of the CCFPL. We will continue to track these developments as they occur.

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Lessons From The Failed Chatbot Revolution — And 5 Industries Where The Tech Is Making A Comeback

CB Insights

Microsoft’s Satya Nadella referred to chat as the “third run-time” — an indispensable piece of operating a platform, second only to the operating system and the web browser. Mentions of chatbots in earnings calls and press releases skyrocketed, and for many, it seemed that chatbots might be the next big disruptive technology.

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Crypto regulatory wargames

Lex Sokolin

The SEC, OCC and CFTC have been generally more cautious not to step on financial technology innovation. To what type of organism is a permissionless, open source, programmable financial ecosystem most uncomfortable? To what type of technologist is decentralized technology a risk? Microsoft has evolved far from this point.

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Crypto regulatory wargames

Lex Sokolin

The SEC, OCC and CFTC have been generally more cautious not to step on financial technology innovation. To what type of organism is a permissionless, open source, programmable financial ecosystem most uncomfortable? To what type of technologist is decentralized technology a risk? Microsoft has evolved far from this point.