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Banking Computer-Security Incident Notification Requirements Take Effect

Abrigo

Takeaway 2 The change includes an obligation to inform regulators of a “notification incident” ASAP and no later than 36 hours after a reportable event occurs. Background Historically, the federal banking regulators required financial institutions to file two types of reports for certain cybersecurity incidents. How and When.

Security 195
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State Bank Regs File Suit To Block OCC’s Bank Charter

PYMNTS

state bank regulators said it filed a complaint in the U.S. District Court for the District of Columbia after reports in The Wall Street Journal last month revealed the CSBS’ plans for such a suit. Reports in Reuters on Thursday (Oct. The body of U.S.

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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

It’s too early to tell, but there is at least some speculation that the company could be mandated to change the way it categorizes and presents search results, and billions of dollars in fines may be in the offing, as well as a demand from regulators that the company break itself up. At this writing (Sunday, Sept. The Hearing.

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

PYMNTS

But proponents of rolling back regulations like Transportation Secretary Elaine Chao noted that the higher standards make vehicles more expensive and thus were keeping older, less clean and less safe cars on the road longer because consumers and businesses can’t afford to replace them.

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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.

Company 78
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OCC Chief Praises Mulvaney On Halting Payday Rule

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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. Court of Appeals for the District of Columbia.