PayPal Changes Seller Refund Fee Policy

PYMNTS

While the company had rolled back the policy in April, it has decided to reinstate collecting the initial 2.9 Earlier this year, PayPal updated its User Agreement to change our refund policy,” a PayPal spokesperson told The Verge. “In

IBM Announces Policy Lab To Help Ensure ‘Trustworthy’ Tech

PYMNTS

With the new IBM Policy Lab, IBM is looking to regulate artificial intelligence (AI) development in a way that is safe, but does not infringe upon the creation of new technology, reports said. Leclerc is also chairman of the Software Alliance’s Europe, Middle East and Africa Policy Committee.

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ECB Policy Maker Says Banks Must Find Libra Alternatives

PYMNTS

A European Central Bank (ECB) policy maker is urging banks in the area to find alternatives to Facebook’s proposed cryptocurrency Libra, according to a report by Bloomberg. Cryptocurrency cryptocurrency european central bank Libra monetary policy News What's Hot

Amazon Go policy shift seen as response to legislative pushback

Mobile Payments Today

The move by Amazon to reverse policies for its cashierless Amazon Go stores is being seen as a response to growing economic and political pushback against the impact of Silicon Valley on major segments of U.S.

CFPB Updates Policy For Civil Investigative Demands

PYMNTS

The Consumer Financial Protection Bureau (CFPB) has announced changes to policies on Civil Investigative Demands (CIDs), which are investigational subpoenas issued by the CFPB. CFPB Civil Investigative Demands investigation law enforcement News policy violation What's Hot

Introducing Policy Packages for Microsoft Teams!

Perficient Financial Servies

So you may have clicked on this link thinking, “what the heck is a policy package and why haven’t I heard of this?” In this article we’ll be discussing what a policy package is and how you can use them within your organization. How do I use policy packages?

German Rep Resigns From ECB Board Amid Policy Disputes

PYMNTS

Sabine Lautenschläger, Germany’s representative on the European Central Bank’s executive board, has resigned over the institution’s changes to its monetary policy. International european central bank executive board Germany monetary policy News What's Hot

Visa Has Not Changed Bitcoin Purchase Policies

Bank Innovation

EXCLUSIVE—Payment processor Visa has not changed any policies related to the purchasing of bitcoin, the company told Bank Innovation. The company still allows Visa cardholders to make cryptocurrency purchases with “credit, debit, and certain prepaid Visa products,” it said in a statement.

Apple, IBM CEOs To Advise On Trump Workforce Policy

PYMNTS

Apple CEO Tim Cook and IBM CEO Ginni Rometty have been appointed to President Donald Trump’s advisory board that aims to direct the future of workforce policy. Regulation Advisory Board AI Apple Donald Trump Education IBM jobs News policy regulation What's Hot workforce

Netherlands Is First EU Country To Release GDPR Fining Policy

PYMNTS

The Dutch Data Protection Authority (DDPA) in the Netherlands has released its own General Data Protection Regulation (GDPR) fining policy, according to reports , and is the first European Union (EU) country to do so.

Amazon Effect Hits Central Bank Monetary Policy

PYMNTS

For monetary policy and those interested in inflation dynamics, the implication is that retail prices are becoming less ‘insulated’ from these common nationwide shocks,” Cavallo wrote in the paper. The aforementioned impact of shorter-duration pricing at retailers has implications for monetary policies, according to Bloomberg, as automatic adjustments to what are known as external shocks means that interest rate adjustments by the central bank may lose potency.

Sellers Push Back Against PayPal’s New Refund Policy

PYMNTS

If you close your account before May 7, 2019, the changes will not apply to you,” the company wrote in the policy update. Sellers aren’t happy with some of the changes that PayPal has made to its user agreement.

Christine Lagarde pioneers ECB climate change policies – what can Fintechs do?

Daily Fintech

Now she is making waves with her push for climate conscious monetary policies. In her new role as the ECB president, she is hitting the ground running with some amazing policy work around climate change. Fintech General christine lagarde climate change policies trade finance

FCC, FTC Chairs To Talk Tech Policy At CES

PYMNTS

Elena Hernandez, the spokeswoman for the White House Office of Science and Technology Policy, said Kratsios is expected to discuss the national plan for artificial intelligence (AI), which was started in 2018.

The EU’s policy on FinTech competition is …

Chris Skinner

Also released last week, the EU document has a different focus to the US one, which allowed national FinTech charter bank licenses to be … The post The EU’s policy on FinTech competition is … appeared first on Chris Skinner's blog. I cannot post a 222-page PDF from the US Government on FinTech and competition without also posting a 136-page PDF from the European Commission on FinTech and competition.

Kenya Gets Ready To Unveil Sandbox Policy

PYMNTS

In Kenya, the Capital Markets Authority (CMA) has issued its “FinTech Sandbox Guidance Note,” which is now finalized as policy.

Could central bank digital currencies kill monetary policy?

Chris Skinner

The Bank makes clear it’s not the opinions of the institution … The post Could central bank digital currencies kill monetary policy? I didn’t realise until the other day that the Bank of England has a blog Bank Underground. Finally, a boring old British bank with a blog.

UK Government Won’t Delay ‘Loan Charge’ Policy

PYMNTS

Her Majesty’s Revenue and Customs (HMRC) has refused to delay a “loan charge” policy for tens of thousands of individuals in the U.K. The policy has not been well-received, and has even been linked to two suicides in the country.

MoviePass Changes Ticket Policy

PYMNTS

After making changes to its Android app and terms of service, MoviePass is adding another modification to its platform: Subscribers can now only watch a particular movie through its movie ticket subscription service one time, Android Central reported. “We We recently updated our Terms of Service to reflect that MoviePass subscribers are only permitted to see a select movie in theaters once with your MoviePass,” the company wrote on its website. “We

Users Question Privacy Policy Of Chinese Face-Swapping App

PYMNTS

A Chinese app that lets users convincingly swap their faces with film or TV characters has rapidly become one of the country’s most downloaded apps, triggering privacy concerns, Reuters reported Monday (Sept. Released on Friday (Aug.

New Retention Policies in Microsoft Teams

Perficient Financial Servies

Microsoft is happy to cater to these demands by announcing the availability of retention policies for Microsoft Teams. Teams admins now can use Office 365 Security and Compliance to set retention policies for Teams chats and team channels. Technology is a beautiful thing!

Apple Makes New Privacy Policy Requirement For Apps

PYMNTS

To take on apps that don’t give users information on the use of their personal data, Apple is introducing a new requirement: At the beginning of October, apps will have to have a privacy policy – even those that are in testing, according to reports. 3, 2018, App Store Connect will require a privacy policy for all new apps and app updates in order to be submitted for distribution on the App Store or through TestFlight external testing,” a statement on Apple’s website reads. “In

Wells Fargo Softens Overdraft Policy

PYMNTS

The new per-transaction threshold complements the bank’s existing policy of not charging an overdraft fee if a customer’s available balance and ending account balance is overdrawn by $5 or less and no items are returned for non-sufficient funds at the end of processing for that business day. Aiming to boost its reputation after a fake account scandal last year, Wells Fargo announced Tuesday (Nov. 14) the launch of a new overdraft feature that will reduce the hit to customers.

Voice Data Leak Prompts Google To Refresh User Policies

PYMNTS

Google is reviewing its privacy policies after a report showed that contractors were given sensitive audio information, including private conversations and personal information that could identify users, according to a report by TechCrunch.

Tips for creating fair and friendly holiday policies [Video]

PYMNTS

While this time of year is filled with cheer and celebration, it’s also important to make sure your company’s policies reflect fairness, equality and safety. Tip #2: Make sure your policies work with diverse religious beliefs. Blog HR Policies‘Tis the season!

Privacy Policy

FICO

privacy policy terms of serviceGeneral.

WeWork Calls For Looser Loan Policies For Co-Working Tenants

PYMNTS

A WeWork executive is calling for real estate lenders to be more flexible when it comes to their co-working tenants. “It’s It’s important for lenders to look at the fundamentals of each opportunity and not paint everything with a broad brush, because there’s a lot of noise,” Candice King, senior director of capital markets for WeWork’s real estate investment platform, known as ARK, said, according to Bloomberg.

US Government Policy On SMB Lending In Flux

PYMNTS

President Donald Trump announced over the weekend that U.S. Treasurer Jovita Carranza is his pick to lead the Small Business Administration (SBA), after its current chief, Linda McMahon, announced on Friday (March 29) that she will leave the post.

EU Antitrust Reg Margrethe Vestager Plans Big Tech Policy Report

PYMNTS

Her term ends in October, so she’s working a report that will lead competition policies in the digital era, according to a report by the AP. Margrethe Vestager, the European Union’s top antitrust cop, is coming to the end of her term as antitrust enforcer, but not before she plans to release a report laying out a long-term plan to police the world’s largest tech companies. Vestager has tussled with many of the big name tech companies, including Google, Apple, Amazon and Facebook.

Warren presses big-bank CEOs on climate change policies

American Banker

The Massachusetts senator and presidential contender sent a letter to eight of the biggest U.S. banks asking about how they assess climate-related risks to assets and how they plan to mitigate social and economic fallout.

Best practices in risk rating policies

Abrigo

Policies are “the cornerstones for sound lending and loan administration,” and risk rating policies are a key component. Regulatory agencies lay out elements that loan policies should cover, such as what types of loans an institution will make and what information will be required from borrowers, but they rarely dictate the details. An institution must develop appropriate policies and procedures based on its size and the complexity of its portfolio.

China Institutes New Policy To Boost Small Firm Lending

PYMNTS

19) announced a new policy tool aimed at boosting lending to small and private companies. The central bank in China went on to note that it plans to continue to put in place a “prudent and neutral” monetary policy that will ensure liquidity.

Court Filings Show Facebook’s Data Policy Was About Competition, Not Privacy

PYMNTS

Facebook’s 2012 policy changes that denied app developers access to user data was actually about stifling competition, not protecting user privacy, according to documents reviewed by Reuters on Wednesday (Nov.

Watchdog Orders Deutsche Bank To Review Policies Post-AML Scandal

PYMNTS

Bafin, the German financial watchdog that is monitoring Deutsche Bank’s involvement in the Danske Bank money laundering scandal, has asked the bank to review some of its correspondent banking policies, according to a report from Reuters.

Subterranean Monetary Policy Blues

SWBC's LenderHub

and global growth prospects, and in the ability of policy authorities to offset weak growth.” Bob Dylan’s big Nobel Prize win means that this week’s Insights piece features a Dylan-esque theme.

Trump Trade Policies Weighing On Stocks

PYMNTS

trade policy is the largest risk externally that companies face. trade policy will have a negative impact during the next six months, while 20 percent said the impact will be very negative, and 66 percent of Asia-Pacific-based CFOs said the U.S. President Donald Trump’s tax reform — signed into law late last year — was a boon for the stock market, but his tough trade stance is pressuring stocks so far in 2018.

Bank exam “hot spot”: Inflating policy limits to avoid scrutiny

Abrigo

The desire to avoid examiner scrutiny may tempt some financial institutions to set the bar high when it comes to credit and liquidity risk management policy limits, but regulators are discouraging this approach. Do established policy limits reflect true risk tolerance?

Amid Lira’s Lurch, Blockchain As Monetary Policy Fix?

PYMNTS

And as a form of data sharing, a form of record keeping, a direct conduit in transactions, some proponents say that decentralized ledger technology (DLT) can be a salve for an issue front-and-center, as Turkey proves a recent example of daily life roiled by rapid currency devaluation and panic: Namely, monetary policy. At its most basic form, monetary policy resides in the hands of governments, and currencies are rooted in the notion of “fiat.”

Today In Data: Flexibility Is The Best Policy

PYMNTS

What consumers want mostly is choice – and they tend to prefer retailers and service providers that offer it to them.

Uber Updates ‘Bug Bounty’ Payments Policy

PYMNTS

Uber is changing its policy on bug bounties, payments to people who expose data security problems, Reuters reported on Thursday (April 26). “We’re The company is revising its policy to specify it won’t pursue legal action against good-faith hackers who submit flaws through its bug bounty portal, which is hosted by HackerOne.

Target Won’t Back Down On Bathroom Policy

PYMNTS

Taking a page from the old Tom Petty Handbook, Target CEO Brian Cornell has officially determined that the retailer will not back down on its inclusive bathroom policy. million signatures argue that “Target’s policy is exactly how sexual predators get access to their victims.” Cornell buttressed that message on a mid-week CNBC appearance during which he affirmed there would be no reversing its policy. “We’ve Retail Target Target Bathroom policy

Facebook Updates Policies To Clarify For Users

PYMNTS

According to a report in Bloomberg , the social media giant is spelling out how it collects and uses data in its Terms of Service and Data Use Policy. The updated policy discusses not only how data is used on the Facebook site, but also how it is used across other social media platforms, such as Instagram and Facebook Messenger. Users have found Facebook’s policies confusing in the past, especially pertaining to apps the company owns.

Leandra English to serve as NYDFS Special Policy Advisor

CFPB Monitor

The New York Department of Financial Services has announced that Leandra English, who formerly served as CFPB Deputy Director, has joined the NYDFS executive team as Special Policy Advisor.