PYMNTS

DECEMBER 17, 2020

Securities and Exchange Commission has come to a head — and the stock-trading platform has agreed to pay $65 million to settle claims that it did not do enough to inform customers about its business deals with high-speed trading companies. The complaint was from the office of William Galvin, Massachusetts secretary of state.

Massachusetts 185

Massachusetts Regulation Security Payments 185

PYMNTS

MAY 7, 2018

Bitcoin may be the marquee name in cryptocurrencies, but regulation may loom for its digital dollar brethren. Recent inquiries from regulators in the federal securities and commodities realms have centered on Ethereum. of Massachusetts. Dodd-Frank. Dodd-Frank lives.

Bitcoin 108

Bitcoin Regulation cryptocurrency Virginia 108

PYMNTS

NOVEMBER 23, 2017

Ride-hailing app company Uber, which made news when it covered up a huge data breach that exposed roughly 600,000 driver’s license numbers, could face investigations by regulators around the globe. 22), regulators in the U.K., s National Cyber Security Centre to determine how large the breach was and how many people in the U.K.

Regulation 100

Regulation Cyber Security Connecticut Illinois 100

PYMNTS

NOVEMBER 30, 2017

Privacy regulators of the European Union said Wednesday (Nov. According to a news report in Reuters , European data protection authorities said regulators from France, Italy, Spain, Belgium, the U.K. But it’s not just European regulators who want answers from Uber. Meanwhile, regulators in the U.K., Lawmakers in the U.S.

Regulation 100

Regulation Connecticut Illinois Massachusetts 100

PYMNTS

APRIL 1, 2020

It outlines the need for regulation and oversight because “unconstrained use of facial recognition services by state and local government agencies poses broad social ramifications that should be considered and addressed.”. Many states don’t have any laws regulating the use of facial recognition technology.

Washington 304

Washington Policies San Francisco Oakland 304

PYMNTS

SEPTEMBER 20, 2017

New York Governor Andrew Cuomo announced that he wants credit reporting firms to comply with the state’s new cyber-security regulations in the wake of the massive Equifax hack , according to Reuters. If the companies fail to register, they could be barred from doing business with financial companies regulated by New York State.

Cyber Security 100

Cyber Security Report New York Massachusetts 100

PYMNTS

FEBRUARY 15, 2018

Through the Conference of State Bank Supervisors, Georgia, Illinois, Kansas, Massachusetts, Texas, Tennessee and Washington are looking to standardize the ways firms across traditional financial services and FinTech upstarts apply for, and are granted, licenses. Can the states make licensing – of the money movement kind – any easier?

Washington 101

Washington Regulation Conference Fintech 101

PYMNTS

AUGUST 17, 2020

Amazon is facing an investigation by Germany’s national competition regulator into the eCommerce giant’s relationship with third-party sellers in Amazon’s second-largest market. The Federal Reserve is working with the Massachusetts Institute of Technology (MIT) to explore the possibility of issuing a digital currency.

California 148

California Massachusetts Apple Fraud 148

CFPB Monitor

NOVEMBER 12, 2020

Banking and Securities Regulators (includes FDIC, Federal Reserve, NCUA). Gary Gensler , who is with the Massachusetts Institute of Technology, will serve as team leader. English initiated unsuccessful litigation seeking a declaration that she, rather than Mr. Mulvaney, had the right to serve as Acting Director.

FDIC 97

FDIC Massachusetts New York Policies 97

PYMNTS

AUGUST 26, 2019

The Swiss Financial Market Supervisory Authority (FINMA) has granted the first “banking and securities licenses” to two blockchain companies: SEBA Crypto AG and Sygnum AG. states: Indiana, Massachusetts, Nevada, New Jersey, Rhode Island, Arizona and Montana. The exchange is already live in California, Washington and Illinois. “You

Rhode Island 109

Rhode Island blockchain Bitcoin Montana 109

PYMNTS

APRIL 17, 2019

Payfone announced that it has secured a $24 million funding round, led by TransUnion. The funding also included participation from existing investors Synchrony, MassMutual Ventures, Massachusetts Mutual Life Insurance Company and Wellington Management.

Fraud 116

Fraud Massachusetts Maine Lending 116

PYMNTS

SEPTEMBER 22, 2017

The company’s shares have fallen more than 30 percent since the hack, which exposed consumer names, Social Security numbers, birthdates, addresses and, in some cases, drivers’ license numbers. If the companies fail to register, they could be barred from doing business with financial companies regulated by New York State.

New York 116

New York Atlanta Massachusetts Regulation 116

PYMNTS

MAY 3, 2016

Uber’s loss in a class-action lawsuit filed by its drivers in California and Massachusetts has opened a new can of worms for the ride-hailing company. “Since Uber management controls the fares charged for the service, drivers want and need security and protection,” the association said.

New York 100

New York Massachusetts Groups Illinois 100

PYMNTS

FEBRUARY 14, 2018

Coinsource , the world’s largest bitcoin ATM network, has rolled out 10 new machines in Rhode Island, New Hampshire and Massachusetts. Citi India’s decision follows concerns over economic, legal and security matters, among others. ECB President Mario Draghi said it’s not the ECB’s job to regulate digital coins.

Bitcoin 100

Bitcoin Rhode Island cryptocurrency New Hampshire 100

PYMNTS

SEPTEMBER 25, 2017

Add the Consumer Financial Protection Bureau to the list of federal agencies expected to punish Equifax for the massive security breach that exposed the personal data of around 143 million Americans. The Federal Trade Commission and the Department of Justice are already investigating the cyberattack.

Massachusetts 116

Massachusetts Security Regulation Data 116

PYMNTS

DECEMBER 24, 2020

Said Allaire of the bid to get digital currencies more front and center: “Regulators are getting their arms around them … the digital asset market is now moving, more and more, into the mainstream of finance, FinTech payments and banking world.”. And, of course, the crypto landscape extends well beyond bitcoin.

cryptocurrency 258

cryptocurrency Bitcoin Course Boston 258

PYMNTS

APRIL 2, 2018

The secretary of the Commonwealth in Massachusetts has put the brakes on five initial coin offerings in that state. The specific directive from William Galvin, the state’s head securities regulator, commands that those firms abandon the sale of what have been termed “unregistered securities.” In other news from the U.K.,

United States 110

United States social media Arizona cryptocurrency 110

PYMNTS

SEPTEMBER 25, 2020

The global tech firm has teamed with payment processors Fiserv, PTS, FIS, CoreCard, Galileo, i2c, TSYS and Marqeta to give them digital guidelines that will let clients get almost instantaneous access to card information and peace of mind to make secure transactions, among other benefits. Time on Tuesday (Sept. 22) at the earliest.

Maine 153

Maine social media Atlanta Massachusetts 153

Abrigo

OCTOBER 29, 2014

Multifamily, commercial and automotive loans are driving loan growth among banks in the Northeast, but increasing risk will draw fresh attention from regulators to ensure recent and future growth is sound, the Office of the Comptroller of the Currency said recently. • Security measures to deter and detect cyber-attacks.

Rhode Island 236

Rhode Island District of Columbia West Virginia New Jersey 236

PYMNTS

JANUARY 7, 2019

Biometrics promise to take a larger role in authentication security in 2019, helping to stop online fraud and bringing speed, efficiency and security to transactions ranging from QSR mobile-order ahead to airport car rentals. Illinois’ Role. for use of biometric data.

Illinois 161

Illinois Google New Hampshire Texas 161

Independent Banker

NOVEMBER 13, 2014

It’s called ATM cash-out fraud, and it’s a new data security threat where physical attacks and cyberattacks converge. Earlier this year, federal regulators warned financial institutions against criminal attacks on their ATM systems. Maria Korolov is a freelance writer in Massachusetts. Current Tech. By Maria Korolov.

ATM 93

ATM System Management Kansas City 93

PYMNTS

DECEMBER 15, 2020

Six weeks after securing passage of the Proposition 22 ballot measure that overturned a California law requiring part-time workers to be reclassified as employees, two of its biggest backers have rolled out new fees to offset expenses related to additional worker benefits.

California 227

California New York Taxes Illinois 227

PYMNTS

NOVEMBER 15, 2019

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. And the U.S.

DC 100

DC social media Bitcoin cryptocurrency 100

PYMNTS

NOVEMBER 27, 2017

The same unit in March agreed to fork over $22 million as part of an inquiry by the Massachusetts Attorney General over subprime auto loan securitizations. This wouldn’t be the first time Santander received a slap on the wrist from a U.S. In 2015, Santander’s Consumer USA Holdings unit paid $9.35

Massachusetts 101

Massachusetts Lending Policies Compliance 101

PYMNTS

DECEMBER 1, 2017

At the time, Uber – at the directive of its chief security officer – hid the breach and paid hackers about $100,000 to destroy the data. The ride-sharing company said that no Social Security numbers, credit card information, trip location details or other data were taken. Privacy regulators for the European Union said Wednesday (Nov.

New York 144

New York Data Regulation Washington 144

PYMNTS

JUNE 3, 2019

Some politicians, like Massachusetts Senator Elizabeth Warren , have been calling for the breakup of tech giants. Even with the Facebook Cambridge Analytica scandals, which helped to calibrate attention on tech giants’ handling of user data, there hasn’t been any real regulatory agreement into oversight of these companies until now.

social media 109

social media Massachusetts Washington Google 109

PYMNTS

NOVEMBER 13, 2018

Problems, he noted, that mostly cluster around security and consumer privacy. Building better digital identity, he said, isn’t about how to get more consumer information digitized, but about how to best use that data to verify ID in a variety of contexts, while keeping it securely protected going forward.

Data 183

Data Course Massachusetts Security 183

PYMNTS

DECEMBER 30, 2020

Massachusetts securities regulators recently sued the company , alleging that it exposes investors to “unnecessary trading risks” and prompts inexperienced investors to trade frequently through the “gamification” of stock-market investing. Robinhood denied the charges, but recently agreed to pay $65 million to settle U.S.

Marketing 198

Marketing Company Online Management 198

South State Correspondent

MARCH 15, 2023

Now, customers and analysts will pay more attention to Loans + Securities-to deposit ratio. Instead of just looking at LTD, investors, and depositors, will now look at loan plus securities to total deposits. That notion proved false, and the quality of that metric has forever changed.

social media 195

social media FDIC Branding Management 195

Jeff For Banks

OCTOBER 19, 2012

First of all, if they continue to buy securities, they are removing many of the high quality securities from the marketplace, possibly causing a disruption or shortage in the markets. trillion of securities amassed during QE1 and QE2. I know I risk sounding like Charles Plosser, but so be it.

National 82

National Security US Massachusetts 82

PYMNTS

JANUARY 2, 2019

And how will regulators and lawmakers respond? Artificial intelligence — arguably one of the most important digital technologies going into 2019 — could soon face export regulations set by the U.S. David Edelman, a technology policy researcher at the Massachusetts Institute of Technology. “It How will they scale? AI Dual Use.

US 198

US United States Regulation Technology 198

Tech and Finance

JUNE 22, 2016

Entrepreneurs resolved to tackle financial services, and life insurance specifically, need to be prepared for a different way of doing things and for the challenges that come with highly regulated industries. If you are truly doing something new, regulation will be a challenge. Everything in life insurance is subject to regulation.

Policies 32

Policies Regulation Industry Data 32

Gonzobanker

DECEMBER 19, 2017

Heavy-handed regulators. Seriously, sit back with a pocket flask of Pappy Van Winkle, smoke a cigar (or your combustible of choice if you live in Colorado, California, Washington, Oregon, Nevada, Main or Massachusetts) and enjoy the 2017 GonzoBanker Awards. Biggest Branch ITM User Award : The Security Guard. Payments chaos.

Conference 101

Conference Industry Community Bank Community 101

Fintech Labs Insights

AUGUST 8, 2016

HQ: Boston, Massachusetts. Tags: Institutions, security, authentication, voice biometrics, payments, mobile. Total raised: $3.25 Source: Crunchbase. Compliance Science. Compliance platform for financial institutions. Latest round: $2.9 Total raised: $11.2 HQ: New York City. Source: FT Partners. Latest round: $1.2 Total raised: $1.2

Company 12

Company Fintech New York City blockchain 12

PYMNTS

SEPTEMBER 27, 2019

Speaking before Congressman Stephen Lynch of Massachusetts, senior member of the House Committee on Financial Services, and the rest of the committee, witnesses from the Fed and other areas of the payments community offered their support to FedNow — but not without caveats. George, was met with widespread support from her fellow witnesses.

Payments 174

Payments Kansas City Community Bank Community 174

CB Insights

FEBRUARY 21, 2019

Reducing siloed databases: Real estate processes would benefit from secure and tamper-resistant shared databases that compile data and documents from various different stakeholders in one place. This solution streamlines the process of transferring property titles while also adding some layers of security.

blockchain 78

blockchain Fraud Technology Management 78

Insights on Business

MAY 23, 2019

But for companies that don’t master privacy and security, data can be toxic. Enterprises must learn how to use data responsibly and transparently — not only to comply with stricter regulations, but also to build relationships with their customers. Stricter regulations are changing the compliance landscape.

Data 163

Data Security California Regulation 163