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New Jersey enacts licensing and other requirements for student loan servicers

CFPB Monitor

On July 30, 2019, Acting New Jersey Governor Sheila Oliver signed into law SB 1149 , which requires student loan servicers to be licensed, creates an Office of the Student Loan Ombudsman within the NJ Department of Banking and Insurance, imposes various requirements, and prohibits certain conduct. Licensing requirement.

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BNY Mellon’s AI-Based Fraud Detection Initiative

PYMNTS

Countering digital fraud is a lot like playing whack-a-mole: As soon as one fraudster is taken out, two more pop up where they’re least expected. The popularity of digital banking services has created ample opportunities for bad actors, leaving banks scrambling to protect themselves against the rising tide of fraud.

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MGM Resorts Admits To 2019 Hack

PYMNTS

MGM Resorts International, a hotel and casino operator, admitted it had experienced a data breach following a report saying information on 10.6 The resort said it had upgraded its security to make sure a data breach like this one never happens again. million guests was compromised, according to a report by Reuters. .

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Trulioo On Tweaking The Odds In Favor Of Online Sports Betting

PYMNTS

In the meantime, what should businesses that want to operate in that new world do besides sit around and wait? Those were the main topics in a new PYMNTS interview, featuring Karen Webster and Zac Cohen, general manager at Trulioo , a global identity verification service. “The More about that in just a bit, though.

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ESET Finds Malware That Could Target Power Supplies

PYMNTS

The recent attack on the Ukrainian power grid should serve as a wake-up call for all those responsible for the security of critical systems around the world,” warns ESET Senior Malware Researcher Anton Cherepanov in the release. Vovnenko was also told to pay restitution of $83,368.

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Worldpay SVP: Why States Won’t Play Around With Sports Betting Regs

PYMNTS

The rest, says Pappano, are going to be scrambling to catch up so they can start to enjoy the potential new tax revenues that legalized gambling can create. Fast, secure electronic payments are never easy — so surely that will slow things down? Fraud Isn’t A Problem. Not as much as one might think, says Pappano.

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Speed Dating: Invoice-to-Cash In The Digital Age

PYMNTS

Key Takeaways: – How digitizing and automating the entire invoice-to-cash process reduces costs and improves operational efficiency. – What are companies doing to battle cyber security and avoid fraud? In 2002, the New Jersey Technology Council named him “CFO of the Year.” Ed received his B.S.