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DOJ, State AGs Could Combine Google Investigations

PYMNTS

Other than online search, talks between the two groups will likely also focus on whether the Android operating system is another example of potential monopolistic control by Google , as well as the ideal allocation of investigatory labor among federal and state regulators. Thus far, U.S. As of last year, attorneys general from 48 U.S.

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Facebook CMO Leaving To Focus On Promoting Diversity In Tech

PYMNTS

His Facebook corporate profile states that he was born in Spain and grew up in Puerto Rico. These are difficult days for Facebook, which is in the crosshairs of regulators concerned about issues including free speech and the concentration of advertising industry power.

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Banking's Top 5 Total Return to Shareholders: 2022 Edition

Jeff For Banks

Twenty-six percent of the bank is owned by the Board, Executive Management, and the ESOP. and Puerto Rico banking laws and regulations. Founded in 1964, OFG's banking subsidiary, Oriental Bank , is one of Puerto Rico's largest banks, and is focused on the island and the U.S. Well done! #3 Virgin Islands.

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Morning Scan: BofA's Stress Test Team; Hedge Funds Sue Puerto Rico GDB

American Banker

BofA has fallen short on the test three of the past five years, and the bank has opted this year to employ a manager, not a numbers cruncher, to lead the team working to satisfy the complicated and controversial post-crisis regulation. The Charlotte, N.C., firm was the…

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Equifax Reaches Historic $575 Million Settlement Agreement Arising from 2017 Data Breach

CFPB Monitor

Federal regulators as well as consumers also alleged that Equifax did not implement other basic security measures that would have protected against this data breach. Equifax did not patch the reported vulnerability for four months, which allowed hackers to steal 147 million names and dates of birth, 145.5

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SAFER Banking Act: Will marijuana be re-scheduled under the Controlled Substances Act?

Abrigo

Download now Bipartisan support The 2023 SAFE Banking Act: An unclear outlook Takeaway 1 The Senate recently introduced the newest version of marijuana legislation, the Secure and Fair Enforcement Regulation (SAFER) Banking Act. Guam, Puerto Rico, the Northern Mariana Islands, and the U.S.

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Guest Post: Second Quarter Economic Commentary by Dorothy Jaworski

Jeff For Banks

Investors will now worry about the ripple effect from other countries with debt levels that are unsustainable, including Spain, Portugal, Italy, and closer to home, Puerto Rico, and who have economies that are weak. All of this Greek drama could hurt the Euro initially, but it could actually improve if Greece exited. Stay tuned!