In international relations, policy and politics and business can combine in combustible ways. When a big firm shuts down, it’s not every day a sitting president lobbies to get it un-shut. Nor is it often the case that the firm is a Chinese tech juggernaut, smack dab in the middle of a crossfire between China and the U.S., jousting over intellectual property, economic competition and several hot button issues that exist between the two countries. MORE

economic policy ????? The FED ! Alright here's an easy quiz for Wednesday morning: WHICH FAMOUS ROCK AND ROLL BAND IS "THE HOUSE BAND" FOR THE FEDERAL RESERVE? C'mon don't peek yet! Which band is both 1) named after and 2) sings about U.S. DIRE STRAITS !!! and "Money For Nothing" !! Opinion MORE

Bank examiners can stay in house, a policy where they work inside the institutions they supervise. . 6) that he would reverse the policy already in place at the regulator. Reuters reported that Otting was reversing a policy that had been set in place under the presidential administration of Barack Obama. That’s according to an announcement by the Comptroller of the Currency, Joseph Otting , who said Wednesday (Dec. MORE

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 MORE

I think credit unions would be well advised to start thinking of their record retention policies as their data destruction policies at least when it comes to electronically stored information. New York State sent out a reminder that institutions subject to its cybersecurity regulations have an important series of measures that they must implement by September […]. New York State Regulatory technology data destruction data retention MORE

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! MORE

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. MORE

privacy policy terms of serviceGeneral. MORE

Recent rulings from the United States Court of Appeals have shined a bright spotlight on antitrust concerns. The New York Times reported that plaintiffs are having a tough time in antitrust cases, noting two instances of judgements being unanimously reversed solely because the panel could not agree on the facts. Antitrust issues and enforcement have sparked much debate publicly. In the case of United States v. MORE

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. MORE

based technology group, issued a report Thursday (March 16) in which it said China’s mercantilist industrial policIes put the entire global economy and trading system at risk and called for countries to increase the pressure on China to “reset” its policies, reported Reuters. to work with Australia, Canada, Germany, Japan, South Korea, the United Kingdom and the European Union to come together to pressure China into what the group called a “fundamental economic policy reset.”. MORE

Uber announced yesterday (May 4) that it has officially kicked off its first Public Policy Advisory Board meeting in order to help guide the company through its market expansion — all the while, facing regulatory pressures abroad and at home. But the hope is that, with its new policy board, the expansion plans for Uber will be received in a more positive light. MORE

(The Paypers) Visa has announced that it has not modified any policies related to the purchasing of Bitcoin MORE

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. MORE

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. MORE

According to the survey, 43 percent of corporate travelers have deviated from internal policy before the business travel even began. The increasing incidence of non-compliance is the result of corporate travelers booking out of policy, where they extend business trips to include some leisure time at their own expense,” explained Jason Toothman, vice president of global accounts for Sabre travel network Asia Pacific. MORE

The latest findings show a shift from more traditional approaches to travel management, where buyers have focused on expanding travel policy, said Egencia. The Egencia finding follows an earlier report in May, titled “Egencia Travel Policy: Global Air Edition,” which found that more than half of travelers have booking freedom, and where that number breaks down to 33 percent traveling internationally and 12 percent domestically. MORE

Google has relaxed its subscription policy, no longer requiring news websites to provide users with three free articles per day or face less prominence in search results. According to a CNBC news report, while Google has argued that its “first click free” policy would lead to a boost in subscriptions, many media companies – such as News Corp – have complained that their sales were suffering as a result. MORE

Under the radar, Amazon made some changes to its Alexa Skills Developer agreement. To help lessen the amount of advertisements that appear on Alexa’s voice apps, the new version of the agreement is banning any apps that have “any advertising for third-party products or services.” The only places where ads will still appear is through streaming music and flash-briefing apps. MORE

(The Paypers) CAIT , the Confederation of All India Trades, has announced the introduction of an ecommerce policy to prevent corruption in the market MORE

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.” MORE

According to B2C Europe’s recently released study , more than half of all consumers consider returning the item long before they decide to buy it and will actively seek to learn what the merchant’s return policy is. The research additionally found that consumers refuse to buy from outside their own country about 27 percent of the time if the return cost is high, while 23 percent won’t make an out-of-nation purchase if they do not fully understand the return policy. MORE

Facebook has reportedly ruled out launching a new car insurance policy from Admiral Insurance of the U.K. that would analyze a customer’s posts on Facebook to help set the premiums of the policy. According to a report , the original plan was for Admiral to analyze the Facebook accounts of people who own a car for the first time to look for personality traits that would be tied to safe driving. MORE

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! MORE

The CFPB is proposing significant revisions to its “Policy to Encourage Trial Disclosure Programs” (TDP Policy), which sets forth the Bureau’s standards and procedures for exempting individual companies, on a case-by-case basis, from applicable federal disclosure requirements to allow those companies to test trial disclosures. In the Bureau’s proposal, the TDP Policy is referred to as “the Bureau’s Disclosure Sandbox.”. MORE

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 MORE

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. MORE

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. MORE

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 MORE

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. MORE

Vice finance minister Cheng Lihua introduced seven new tax policies during a press conference Friday, with the goal of saving small businesses $9.45 The policies include tax cuts and introduce other incentives for SMBs to upgrade equipment, improve employee training, and enhance their research and development, the publication said. China introduced new tax initiatives aimed at bolstering the nation’s entrepreneurs, according to local news reports on Friday (May 4). MORE

China is struggling to bridge its small businesses to financing for growth, with broader fiscal policy at odds with the initiative, according to reports. The publication pointed to the government’s conflicting policy of stricter lending rules as one reason why efforts to boost small business loan volumes hasn’t taken off. “It is hard for a bank to handle credit policy now,” said the manager, according to the publication. MORE

Brian Krebs reported the change to grocer Giant Food’s policy yesterday (April 20) on his cybersecurity blog Krebs on Security. A Washington, D.C.-area MORE

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. MORE

22) that it is working to modify its debit routing policies, saying that it has “modified and clarified” its rules to boost EMV chip card adoption in the United States. Visa said Tuesday (Nov. Those modifications, the card giant said, come on the heels of guidance that has been issued by the Federal Reserve. MORE

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. MORE

17,000 policies from more than 700 regulatory bodies, that are not digitized or harmonized. Imagine all the 17,000 policies on the cloud, searchable with a functionality that empowers relationship managers to face the complexity of cross-border rules and regulations. MORE

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? MORE

A new report by the Bipartisan Policy Center recommended several reforms that would help the U.S. financial system improve the ability of small businesses (SMBs) to get financing, driven in part by a decline in startup formation in recent decades. The center’s Task Force on Main Street Finance — co-chaired by former Senator Olympia Snowe, former U.S. MORE

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. MORE

trade tariffs , policy is keeping entrepreneurs on their toes. Small businesses have been inundated with a regulatory storm this past week. From a Supreme Court decision with possible implications for small online merchants, to SMBs’ preparations for U.S. Surveys gauging the sentiment of the small business owner about shifting rules and regulations – both in the U.S. and abroad – aren’t the only source of information for this week’s B2B Data Digest. MORE

Virginia Senator Mark Warner, vice chairman of the Senate Intelligence Committee, released a policy paper detailing 20 options for the government to start regulating big tech a lot more closely. There’s nothing like hovering near the $1 trillion market cap to cause policy makers to suspect that you must be doing something wrong. The team at Facebook is not having a great week, as it seems all of its recent data scandal chickens have come home to roost. MORE

After discovering that its customers have been misusing its generous return policy, L.L. Prior to the change in policy, L.L. But customers have been abusing the policy, making it hard for the retailer to continue offering a lifetime return window. Bean’s flexible return policy might not have worked for the retailer, in general, consumers are thinking of returns prior to placing an order. And the preferred policy for U.S. MORE