CFPB Monitor
MAY 19, 2022
The Order also directs SoLo to stop enforcing loans made to Connecticut residents and make restitution of any amounts it obtained in connection with such loans together with interest. Some Connecticut borrowers were assessed a late fee equal to 15% of the principal loan amount, which was generally split equally between the lender and SoLo.
PYMNTS
AUGUST 8, 2019
The New York State Department of Financial Services (NYDFS) has announced it will lead a multi-state investigation into alleged violations of state regulations of the short term lending industry, specifically in the area of payroll advances. They see themselves as offering up an entirely different product from stem to stern.
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PYMNTS
JULY 31, 2020
Colin Walsh got lots of laughs five years ago when he talked of his intention to launch a financial technology (FinTech) startup. Department of the Treasury that charters and regulates financial institutions. Since then, the skepticism has evaporated and the CEO of Varo Money Inc. , To date, Varo has raised $419.4 million.
PYMNTS
JANUARY 7, 2019
But at the same time, the laws governing biometrics are a work in progress, and as more consumers become more skeptical about the safety and use of their identities and data online, you can bet on more cases testing the boundaries of existing regulations. Illinois’ Role. for use of biometric data. Six Flags Case.
PYMNTS
JANUARY 28, 2019
As noted in this space by Karen Webster, the ban on the ban – where, now, in New York, surcharges are allowed when merchants post total prices for transactions – shows the inefficiencies of regulation that supersede card networks’ own rules governing merchant activities. population.
PYMNTS
FEBRUARY 4, 2020
Congress can regulate sports gambling directly, but if it elects not to do so, each state is free to act on its own.”. And New Hampshire is far from unique: According to the Monitor’s reports, both Connecticut and Rhode Island have seen similar results with their online gambling platforms.
Independent Banker
OCTOBER 1, 2022
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. CCPA was modeled closely after the European Union’s General Data Protection Regulation (GDPR).
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