Generative Data Intelligence

Tag: Financial Protection

Bank of America To Pay $12,000,000 Fine for Repeatedly Breaking the Law, Sending False Information to Regulators – The Daily Hodl

One of the largest banks in the country is getting slapped with a multi-million dollar fine from the Consumer Financial Protection Bureau (CFPB). The agency...

Where is the Apple payment and Crypto suit headed?

Apple is facing a new class-action lawsuit by users of Venmo and CashApp, who claim that Apple conspired to limit peer-to-peer (P2P) payment options...

California is Seeking Industry Input on New Crypto Rules

By: Jeremy McLaughlin and Josh Durham The California Department of Financial Protection and Innovation (DFPI) is requesting comments on potential rules...

How US States are Cracking Down on Metaverse and Crypto Scam

Several U.S. states, including California and Texas, have taken decisive legal action against GS Partners. The company is accused of engaging in fraudulent investment schemes...

Major US Bank Will Hand Out $1,400,000 for Treating Group of Americans As Criminals, Giving ‘Fake Reasons’ To Deny Services: CFPB – The Daily...

The Consumer Financial Protection Bureau (CFPB) says it’s ordering financial giant Citibank to shell out over a million dollars to potential customers who were...

Lending Giant Fined $15,000,000 for Withdrawing Funds From Bank Accounts Without Consent, Deceiving Customers With False Statements – The Daily Hodl

One of the largest licensed lenders in the US will pay a $15 million fine for “widespread illegal conduct” including withdrawing funds from customers’...

Crypto && Coffee 146

Crypto && Coffee 146November 17, 2023CipherTrace EngineeringTechnology Recap:BitcoinThe term "Bitcoin" can either refer to Bitcoin the network, ... More:Ethereum:Christine Kim of Galaxy provides the...

CFPB Wants to Oversee Large Nonbank Digital Payment Providers

By Jeremy McLaughlin, Andrew Hinkes, and Josh Durham Yesterday the Consumer Financial Protection Bureau (CFPB) issued a Notice of Proposed Rulemaking...

CISOs Beware: SEC’s SolarWinds Action Shows They’re Scapegoating Us

I'm stressed.Any chief information security officer (CISO) who's paying attention should be stressed, in light of the Securities and Exchange Commission's (SEC's) decision to...

Will Merchant Sites Continue to Adopt Flexible Payments?

The e-commerce landscape has witnessed a significant transformation in the way consumers make payments. Traditional methods, like credit and debit cards, are no longer the exclusive choices....

Elon Musk wants to make traditional banks obsolete

These developments are in line with Musk’s vision of transforming X into the next super app, akin to the current WeChat super app in...

President Biden Unveils Executive Order on AI Standards

US President Joe Biden has signed an executive order on AI, which lays out the ground rules for AI development as well as enhancing...

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