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Exploring Industry Shifts in Banking Compliance at XLoD

Perficient

Representatives from all three lines of defense—operational management, risk management/compliance, and internal audit—attend to present, discuss, and learn about industry shifts that are impacting risk and regulatory compliance. The landscape has evolved, and organizations must maintain pace.

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Facebook Nominates Alford To Board As Two Other Execs Step Down

PYMNTS

Bloomberg reported that before joining PayPal in March as senior vice president of core markets, Alford served as chief financial officer and head of operations for the Chan Zuckerberg Initiative, the nonprofit foundation of the social media giant’s CEO Mark Zuckerberg and his wife, Priscilla Chan.

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Facebook Invests $130M In Content Oversight Board

PYMNTS

The social media company is now reportedly investing $130 million to the effort, Engadget reported. The initial investment is forecasted to cover the operating expenses of the board for two three-year terms — or roughly six years. Facebook reportedly plans to keep funding the operation of the board after the six years.

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Facebook Hit With Lawsuit By HUD Over Discrimination In Ads

PYMNTS

According to a report in CNBC , citing the lawsuit, the government agency wants damages for anyone who was hurt by the advertising policies of the social media giant. Facebook recently overhauled its policies, but previously employers and landlords were able to choose audiences for ads based on race, gender, and ethnicity.

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Twitter CEO Dorsey Summoned To Appear Before Indian Parliamentary Panel

PYMNTS

According to a report in Reuters , the panel is summoning Dorsey after he failed to attend a hearing in the country looking at the rights of citizens on social media. The panel and Twitter were expected to meet and discuss ways to ensure citizens rights were protected when using social media.

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Big Tech Compliance Tracker: Facebook Hints At EU Pullout Over Data Transfers Laws; Appeal Filed Over Apple’s $15B Tax Bill On Ireland Operations; In-App Billing Battle Rages On

PYMNTS

With the fate of TikTok grabbing all the press, you may have missed the news that Facebook is talking about denying itself and its sister social platform Instagram to the European Union (EU) over new proposals that would stop the social media giant from transferring data on EU users back to Facebook headquarters in Silicon Valley.

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Direct-To-Consumer Firms Rethink Facebook Advertising

PYMNTS

The trend comes at a time when brands are facing other changes on the social media site. That move came as the social media said it would bring more transparency to political ads running on Facebook. Direct-to-consumer advertising on Facebook has reportedly hit a rough patch, with spending by brands decreasing there.