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State Bank Regs File Suit To Block OCC’s Bank Charter

PYMNTS

District Court for the District of Columbia after reports in The Wall Street Journal last month revealed the CSBS’ plans for such a suit. ” The bank charters would allow FinTechs to operate on a national level rather than having to obtain state-level licenses one by one. . Reports in Reuters on Thursday (Oct.

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Banking Computer-Security Incident Notification Requirements Take Effect

Abrigo

These state laws are in addition to the consumer breach notification laws adopted by all 50 states and the District of Columbia, which may require notification to a state agency as well as the consumers. Lending & Credit Risk. Lending & Credit Risk. How and When. What are the new notification requirements?

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PayPal Sues CFPB Over ‘Misleading’ Digital Wallet Disclosure Rules

PYMNTS

In the lawsuit, filed in in the United States District Court for the District of Columbia, PayPal said the CFPB rule that requires disclosure for digital wallets and prepaid debit cards places “unreasonable restrictions” on consumers’ abilities to link certain credit products to PayPal accounts.

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House Hearing Signals Fireworks On Big Tech Antitrust Issues

PYMNTS

8), the AGs focused on Facebook include Colorado, Florida, Nebraska, North Carolina, Tennessee, Florida, Iowa and the District of Columbia. Operators of digital platforms, according to other recommendations, would also be required to adhere to codes of conduct, and to make pricing a bit more transparent. The Hearing.

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Giving Truckers Better Loans Can Lower Carbon Footprints: Here’s Why

PYMNTS

This law, while enormously beneficial to public and environmental health, meant that many independent truck drivers would have to cease operating if they could not afford to retrofit or replace their trucks,” Urrutia noted. They are taking out a loan to operate their business, to be economically productive.

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242 Startup Failure Post-Mortems

CB Insights

BTCjam, a P2P marketplace launched in 2012 to borrow and lend using bitcoin, announced the company has made “the difficult decision” to close up shop, according to multiple news sources. Australian music streaming company Guvera has reportedly stopped operating, with its co-founder and biggest financial backer walking away from the project.

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OCC Chief Praises Mulvaney On Halting Payday Rule

PYMNTS

The job of regulators “is to help our system fulfill its important role in society by ensuring it operates in a safe and sound manner and treats customers fairly,” Otting said in a press release. ” “I have been impressed with Mick’s leadership and emphasis on operational efficiency and excellence,” Otting added.