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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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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.”.

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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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Fintech Fundings: 21 Companies Raise $440 Million Week Ending July 23

Fintech Labs Insights

The biggest equity round ($50 million) went to Remedy Partners , a Connecticut-based health tech company. HQ: Darien, Connecticut. HQ: South Glastonbury, Connecticut. Risk & compliance management for financial institutions. Tags: Compliance. million for its mobile P2P payment service. government.

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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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FinovateSpring 2015 Sneak Peek: Part 8

Fintech Labs Insights

Sneak Peek Part 7: Avoka, CBW Bank, Cloud Lending Solutions, Context Relevant, Dealstruck, DriveWealth, Dwolla, Dynamics, Encap Security, EyeBuy, FIS Mobile, Kabbage, Knox Payments, Lending Tree, LendKey. Finaeos automates the back-office and capital raise compliance. HQ: Westport, Connecticut. See you in San Jose!