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Main Street SMBs, Digital AP, GoodRx’s IPO Tops This Week’s News

PYMNTS

HSBC To Staff: Stay Off Bank’s Social Media Accounts . The 233,000 global staffers of HSBC Holdings Plc were told to remain off the bank’s social media sites on Monday (Sept. The 233,000 global staffers of HSBC Holdings Plc were told to remain off the bank’s social media sites on Monday (Sept.

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Facebook Hit With Three State Probes Over Privacy Violations

PYMNTS

According to Bloomberg , Attorneys General in Pennsylvania, Illinois and Connecticut are investigating existing allegations against the company, while New York, New Jersey and Massachusetts are looking to find any potential unknown violations. Earlier this week Racine said he believes more states will sue the social media giant.

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Bitcoin Daily: German Crypto Firm Shuttered After Pyramid Scheme Accusations; People’s Bank Of China Denies Bogus Announcement Of Stablecoin Launch

PYMNTS

But in May, authorities in Namibia called Karatbar a pyramid scheme, while last month, Florida’s financial regulator denied that the company had been issued a banking license. I hope everybody will join this platform,” he said in a video, according to The Guardian.

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Crypto 2020: One Step Up; Two Steps Back

PYMNTS

Or maybe that cryptocurrencies have yet to go mainstream beyond the headlines because fraud still lurks. The Federal Reserve said this year that its Boston bank is working with the Massachusetts Institute of Technology (MIT) to explore the possibility of issuing digital currency. Keeping An Eye On Fraud.

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Tech Giants’ Stocks Down After Regulatory Oversight Agreements

PYMNTS

Shares in Facebook were down 8 percent after a Wall Street Journal story revealed the Federal Trade Commission (FTC) will have jurisdiction to examine the social media company over competition concerns. Some politicians, like Massachusetts Senator Elizabeth Warren , have been calling for the breakup of tech giants.

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How AI Will Go Out Of Control According To 52 Experts

CB Insights

Regulation will be essential. Musk believes that proper regulatory oversight will be crucial to safeguarding humanity’s future as AI networks become increasingly sophisticated and are entrusted with mission-critical responsibilities: “Got to regulate AI/robotics like we do food, drugs, aircraft & cars.

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The 2023 GonzoBanker Awards

Gonzobanker

Lifetime Achievement Award (Bank) Cambridge Savings CEO Wayne Patenaude looks to end a long and successful career at one of Massachusetts’ 10 largest banks. The Bank Regulator Working for Merchants Award! Seems like maybe this has been forgotten when it comes to these regulations. This award must go to the Federal Reserve.

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