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New Facial Recognition Policy Signed Into Law In Washington State

PYMNTS

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.

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Alphabet, Microsoft Disagree On EU’s Proposed Facial Recognition Ban

PYMNTS

Pichai pointed to the potential for “nefarious uses of facial recognition” and favors a moratorium, pending regulations. with temporary bans imposed in San Francisco and Oakland, California. Conversely, Smith said a ban was overkill. A moratorium on facial recognition is also being considered in the U.S.,

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Ripple Asks Court To Dismiss XRP Securities Lawsuit

PYMNTS

The class-action suit was filed in Oakland by investors who feel they lost money after Ripple prompted them to buy XRP, which is important to Ripple’s business model. last month, regulators said XRP is not a security. The lawsuit is asking for damages and for a judge to declare that XRP is indeed a security. In the U.K.

Security 136
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Judge Lets XRP Lawsuit Proceed Against Ripple

PYMNTS

Ripple failed to persuade a judge in Oakland, California to dismiss the entire lawsuit, called Zakinov v. Wednesday’s ruling comes as concerns have arisen that regulators will find XRP an unregistered security, and possibly stop trading of the currency. Ripple Labs Inc though U.S.

Oakland 151
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CFPB Sues LendUp Loans for Allegedly Violating 2016 Consent Order and Allegedly Continuing to Deceive Borrowers

CFPB Monitor

The CFPB has filed a lawsuit against Oakland, CA-based online lender LendUpLoans alleging that LendUp is in violation of a 2016 Consent Order that required the lender to pay over $3.5 The CFPB seeks an injunction, damages or restitution to consumers, disgorgement of ill-gotten gains, and the imposition of a civil money penalty.

Oakland 78
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Can Lime Make Consumers Feel Safer About Scooters And Bikes?

PYMNTS

Large billboards will go into these markets: San Francisco/Oakland, Columbus, Dallas, San Diego, Portland, Los Angeles, Denver, Atlanta, Reno and Nashville. Lime will push out instructional videos about how to use its products safely. Campaign Benefit.

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How A Bank And A FinTechs Are Jointly Cracking The Code On Financial Inclusion

PYMNTS

The teams at FinTech startup LendUp and Oakland-based Beneficial State Bank think very differently about that relationship. We have to provide a competitive alternative, because people need access to credit while we regulate out the worst abuses.”. We can’t just say payday lending is bad, even though it is a debt trap,” says Taylor. “We

Fintech 198