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Illinois Adds Facial Recognition To Driver’s ID Applications

PYMNTS

Among the proposed methods, facial recognition has long been a pie-in-the-sky solution, but Illinois is the latest state to show that there’s a future in the tech. The Chicago Tribune is reporting that Illinois is set to add facial recognition services to its driver’s license application process. ”

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Bitcoin Daily: Deribit Crypto Exchange Flees Netherlands’ Tight Regulation; Illinois Now Recognizes Blockchain Contracts As Legally Binding

PYMNTS

On another note, Illinois has become the most recent state to recognize blockchain-based records, including smart contracts, as legal, according to CoinDesk. Illinois’s Blockchain Technology Act went into effect on Jan. In other news, blockchain compliance startup Securrency has received $17.65

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Illinois regulator issues proposed Predatory Loan Prevention Act regulations; lawsuits filed to block implementation of Act’s database reporting requirement and for declaration Act does not apply to pawn transactions

CFPB Monitor

In March 2021, Illinois Governor Pritzker signed into law SB 1792 , which contains the Predatory Loan Prevention Act (the “Act”). The new law became effective immediately upon signing notwithstanding the authority it gives the Illinois Department of Financial and Professional Regulation (“IDFPR”) to adopt rules “consistent with [the] Act.”.

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The State-By-State Complexities Of Sales Tax Compliance

PYMNTS

percent: Tax rate imposed on online sellers in Illinois starting in 2020. $4M: Data: 2018: Year of the Wayfair ruling, which limited retailers’ physical presence to tax-exempting states. 100: Minimum number of local tax codes in Alaska. 4M: Amount Ohioans paid in sales taxes on menstrual products in 2019.

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Big Tech Compliance Tracker: Facebook Hints At EU Pullout Over Data Transfers Laws; Appeal Filed Over Apple’s $15B Tax Bill On Ireland Operations; In-App Billing Battle Rages On

PYMNTS

Developers who are not in compliance will be urged to update their apps to bring them in line.” NBC added that “thousands of Illinois Facebook users could be eligible for payments as a result of the class-action suit.

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Big Tech Compliance Tracker: Facebook Backs Data Portability Law, Amazon Considers Registering Services As Separate Entities In India

PYMNTS

Facebook received the preliminary green light by a federal court to settle a lawsuit that alleged that the social media company violated an Illinois state law by harvesting and keeping biometric information on millions of users without their permission, Reuters reported.

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Japan Ties Up With US, Europe To Legislate Big Tech

PYMNTS

In the September PYMNTS big tech compliance tracker tracker, Facebook considered pulling out of the EU over regulations. Everyone is also watching a $650 million lawsuit filed by Illinois residents against social media giant Facebook.

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