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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
” Another peer reviewed article at NIH stated: [S]udden cessation of online social networking (i.e., lack of Internet connection) may in some chronic users cause signs and symptoms that at least partially resemble the ones seen during drug/alcohol/nicotine abstinence syndrome. [read post]
31 Jul 2019, 1:04 pm by Eric Goldman
In a 101 page set of opinions, the Second Circuit ruled emphatically for Facebook in one of the multitudinous lawsuits alleging that it provided material support to terrorists (in this case, Hamas). [read post]
30 Jul 2019, 10:30 am by Bryan Hawkins
Cable News Network, Inc., California Courts of Appeal were split on whether California’s anti-SLAPP statute applied to an employee’s claims of discrimination and retaliation. [read post]
17 Jul 2019, 10:32 am by Kristian Soltes
Facebook Moves Closer to WhatsApp Payment Service Debut in IndiaBloomberg – July 16, 2019 Facebook Inc. [read post]
16 Jul 2019, 3:05 am by Liz Dunshee
At this stage in the transition away from LIBOR, we note that companies most frequently providing LIBOR transition disclosure are in the real estate, banking, and insurance industries. [read post]
15 Jul 2019, 12:05 pm by Vishnu Kannan
” The committee will call Jill Marie Bussey, Director of Advocacy at Catholic Legal Immigration Network, Inc.; Eric Cohen, Executive Director, Immigrant Legal Resource Center; Michael Hoefer, Chief of the Office of Performance and Quality, U.S. [read post]
11 Jul 2019, 8:00 am by Kevin Kaufman
” Specifically, this new law adds a surcharge to New York’s 0.4 percent real estate transfer tax, such that another 0.25 percent tax is levied on transfers of residential real property sold for $3 million or more and for commercial or multiunit property sold for $2 million or more. [read post]
24 Jun 2019, 1:41 pm by Vishnu Kannan
” The committee will call Tristan Harris, Co-Founder and Executive Director, Center for Humane Technology; Rashida Richardson, Director of Policy Research, AI Now Institute; Maggie Stanphill, Director, Google User Experience, Google, Inc.; and Stephen Wolfram, Founder and Chief Executive Officer, Wolfram Research. [read post]
23 Jun 2019, 4:25 pm by INFORRM
On 19 June 2019 the ICO has released a statement that it has joined the UK Regulators Network (UKRN) as a full member. [read post]
21 Jun 2019, 10:48 am by Rob Robinson
Telecommunications: Iliad, Vodafone Group Blockchain: Anchorage, Bison Trails, Coinbase, Inc., Xapo Holdings Limited Venture Capital: Andreessen Horowitz, Breakthrough Initiatives, Ribbit Capital, Thrive Capital,, Union Square Ventures Nonprofit and multilateral organizations, and academic institutions: Creative Destruction Lab, Kiva, Mercy Corps, Women’s World Banking Over the coming months, the association and its members will be recruiting additional members to further diversify… [read post]