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18 Sep 2019, 9:52 pm by Kevin LaCroix
PCI-DSS not only protects the card brands but it also ensures that consumers feel safe when using credit and debit cards. [read post]
9 Sep 2019, 1:20 pm by Venkat Balasubramani
The court’s discussion about privacy also drove home the point that consumers are often given little or no granular control over the information they share. [read post]
2 Sep 2019, 12:59 pm by Kevin LaCroix
Durkin, exercising his “inherent authority” and acting at the urging of an objecting shareholder, has “abrogated” the settlement of the litigation arising out of the acquisition of Akorn , Inc. by Frensenius Kabi AG, and ordered the plaintiffs’ lawyers to return to Akorn their $322,000  mootness fee, ruling that the additional disclosures to which the company agreed were “worthless to shareholders” and that the underlying lawsuits should have… [read post]
28 Aug 2019, 5:24 am by Kristian Soltes
Visa Inc. has become the latest payment network to offer its own set of tools complementing point-of-sale programs for consumer finance, and Visa is to be congratulated for addressing the needs of retailers and shoppers in this new financial climate. . . . [read post]
21 Aug 2019, 6:02 am by Kristian Soltes
Industry Developments SPOTLIGHT: Big Banks Line Up Against Small Institutions in Faster Payments WarsThe Financial Brand – August 21, 2019  Both consumers and businesses want payments to be faster and simpler — witness on the consumer side the boom in the use of Zelle, Venmo and other services. [read post]
16 Aug 2019, 10:26 am by Anthony Zaller
Elizabeth Warren, among other representatives, to require a faster banking network for payments to consumers. [read post]
14 Aug 2019, 6:07 am
The Equifax Settlement On July 22, the consumer credit reporting agency Equifax Inc. [read post]
14 Aug 2019, 4:34 am by Kristian Soltes
But some, like PayPal Holdings Inc., are finding ways to use speedier funds to bolster revenue. [read post]
The Bureau issued its first (and so far only) no-action letter in September 2017 to Upstart Network Inc. stating that the CFPB had no present intention to take enforcement or supervisory action against the lender under the ECOA relating to the lender’s underwriting model, and especially its use of certain alternative data fields. [read post]
7 Aug 2019, 9:23 am by Kristian Soltes
Facebook Inc. has announced plans to launch a cryptocurrency-based payments system on the back of its social network, while Chinese giants Alibaba Group Holding Ltd. and Tencent Holdings Ltd. have developed digital payments systems that dominate in that country. . . . [read post]
4 Aug 2019, 10:03 pm by Chris Castle
A 2013 study found that average consumers check their smartphones 150 times a day. [read post]
4 Aug 2019, 1:26 pm by Bill Marler
She informed her that Mikayla was losing a lot of blood and may need a blood transplant. [read post]
31 Jul 2019, 1:04 pm by Eric Goldman
First, we find no basis in the ordinary meaning of ‘publisher,’ the other text of Section 230, or decisions interpreting Section 230, for concluding that an interactive computer service is not the ‘publisher’ of third‐party information when it uses tools such as algorithms that are designed to match that information with a consumer’s interests. [read post]