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Connecticut poised To become fifth state to enact privacy law

CFPB Monitor

Connecticut is the next in a growing list of states to pass comprehensive data privacy legislation. Last Friday, the Connecticut legislature passed, by large margins, Senate Bill 6 — which we are referring to as the Connecticut Data Privacy Act (CTDPA). Data Minimization and Security. Contractors and Sub-Contractors.

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Data privacy: How to keep customer data safe

Independent Banker

But as the prevalence of security breaches grows, so do the opportunities for community banks to position themselves as guardians of their customers’ personal data through compliance, technology and relationship building. Data privacy and security is a hot topic and is only getting hotter. By Katie Kuehner-Hebert. Bob Hickok.

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Fintech Fundings: 9 Companies Raise $73 Million Week Ending Dec 31

Fintech Labs Insights

Social media financial compliance specialist Gremln raised $1.4 HQ: Shelton, Connecticut. Social media management & compliance for financial institutions . Tags: Enterprise, compliance, social media, regulations, marketing, Finovate alum. One Finovate alum added cash at year-end: . Source: WhoGotFunded.

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Accounting Liabilities

Independent Banker

Every community bank in the country will be required to revise how it accounts for loan-loss reserves and securities under proposed accounting reforms due to be finalized as soon as this year. We’ve taken community bankers up to FASB’s headquarters in Connecticut on three separate occasions. IB: What’s left in the tank?

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Bridging Banking Gaps For Cannabis Companies

PYMNTS

Nowhere does that ring truer than in the nascent and growing legal cannabis industry, where billions of dollars flow the old-fashioned way — hand to hand, because of the clash between federal and state regulations over its legality. That’s according to data published at the end of last month, per data from the U.S. without resorting to cash.

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President Biden Issues Executive Order Directing HUD to Review Fair Housing Act Disparate Impact Rule

CFPB Monitor

With regard to the 2020 Rule, the memorandum provides that: The effects of the 2020 Rule that the HUD Secretary must examine include “the effect that amending the [2013 Rule] has had on HUD’s statutory duty to ensure compliance with the Fair Housing Act.”. The RFI’s extended comment period closed on December 1, 2020.)