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FTC seeks comment on proposed amendments to safeguards and privacy rules

CFPB Monitor

The proposed amendments to the Safeguards Rule will better align the rule with prevailing cyber security standards, such as the NY DFS cybersecurity regulations and the NIST framework. The expansion includes “finders” or those who charge a fee to connect consumers looking for a loan to a lender.

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Frictionless Payments Take Center Stage at Money 20/20

Gonzobanker

While consumers and payment providers may hope for frictionless payments, the execution path will require new capabilities and deployments in fraud mitigation, cyber security, open APIs, and enhanced interoperability. Alipay, China’s “Global Lifestyle Super App,” is definitely on Cornerstone’s radar.

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The 2015 GonzoBanker Awards

Gonzobanker

FFIEC’s Cyber Security Self-Assessment Tool. Disruptus Interuptus Award for fintech providers trying to beat the system that said, “Ah heck, let’s just sell and join the system”: Tie: Novelty media darling SmartyPig (SocialMoney) acquired by bank vendor Q2 for $10M. And definitely include a meme. Millennials.