PYMNTS

MARCH 6, 2019

The Federal Trade Commission (FTC) has requested comment on the proposed amendments of two rules that protect the privacy and security of customer data held by financial institutions (FIs). The proposed changes are related to the Safeguards Rule and the Privacy Rule under the Gramm-Leach-Bliley Act.

FTC 60

FTC Privacy Consumer Financial Protection Bureau (CFPB) Security 60

PYMNTS

NOVEMBER 24, 2020

“Interestingly, the health industry has actually been ahead of that curve in terms of customer privacy and patient privacy … and as this movement toward more remote interactions in healthcare has continued to expand, now there is even more pressure to identify patients electronically.” . Healthcare And Setting The Privacy Standard.

Privacy 64

Privacy Regulations CCPA Rules 64

Payments Source

JUNE 28, 2020

Two years after a consumer protection law changed how banks and other companies handle customer information, a new proposal aims for more sweeping reforms.

Privacy 67

Privacy Consumer Protection Laws Consumer 67

Fintech Finance

MAY 14, 2025

This points to privacy concerns and general skepticism around digital advancements. German consumers are confident in consumer protections but cybersecurity and privacy are significant trust barriers. France has the second lowest overall trust score in the Index, only scoring higher than Japan.

Economy 52

Economy Consumer Deepfake Consumer Protection 52

PYMNTS

APRIL 30, 2019

Lobbying groups and trade associations representing tech giants such as Facebook and Apple have thrown their support towards legislation that could weaken California’s landmark privacy law. As they work to get the new legislation passed, privacy groups have warned that these proposed changes could severely weaken the CCPA.

Privacy 46

Privacy CCPA Consumer Wires 46

PYMNTS

OCTOBER 24, 2018

When it comes to data privacy, it’s not all about General Data Protection Regulation (GDPR), and it’s not all about Europe. and in the wake of GDPR, which of course took effect in May, there exists the California Consumer Privacy Act of 2018, known colloquially as CCPA. Here in the U.S.,

Privacy 49

Privacy Laws CCPA Data Breach 49

PYMNTS

MAY 1, 2017

To help button up its privacy offerings, Microsoft has made the decision to hire Julie Brill. In her new role at Microsoft, Brill will serve as the corporate vice president and deputy general counsel for the company’s Privacy and Regulatory Affairs group.

FTC 43

FTC Privacy Consumer Protection Legal 43

Fintech Finance

FEBRUARY 12, 2025

Additionally, companies will be able to refine customer targeting by utilising Antoms digital marketing tools and privacy-computing solutions.

Payment Gateways 59

Payment Gateways Acquirers Debit Card Digital Payments 59

Electronic Transactions Association

JANUARY 16, 2025

Over the past decade, the payments industry has developed and deployed AI tools that have made payments faster, more secure, and has unlocked numerous benefits for the payment industry and consumers alike. Privacy and Identity - Trust and confidence in the payments industry is necessary for it to thrive.

CFPB 45

CFPB Privacy BNPL Financial Inclusion 45

The Payments Association

MARCH 18, 2025

While data privacy concerns and varying interoperability standards remain key adoption barriers, progress can be accelerated through standardised APIs and consumer education. This raises profound questions around privacy, consent, data security, and liability. At the same time, implementation models differ across markets.

Finance 88

Finance Payment APIs and Integration Non-Bank Embedded Finance 88

PYMNTS

JULY 11, 2019

Federal Reserve called for a stop to Libra , Facebook’s proposed cryptocurrency, until the project better demonstrated how it was going to address issues like money laundering and privacy, according to a report by Reuters. Jerome Powell testified before the U.S. percent, to $11,164.

Bitcoin 69

Bitcoin Money Laundering Fed Federal Reserve 69

PYMNTS

MARCH 18, 2016

In a statement, Jessica Rich, director of the FTC’s Bureau of Consumer Protection, stated: “These apps were capable of listening in the background and collecting information about consumers without notifying them. Companies should tell people what information is collected, how it is collected and who it’s shared with.”.

FTC 40

FTC Privacy Federal Trade Commission Risk 40

PYMNTS

NOVEMBER 1, 2020

The regulations are wide in scope, including things like antitrust, privacy, data security and localization, consumer protection, advertising sales, billing and eCommerce, product liability, intellectual property and more, the report stated.

Legal 94

Legal Regulations Consumer Protection Privacy 94

Clearly Payments

NOVEMBER 18, 2024

Chargebacks, while essential for consumer protection, can pose significant challenges to businesses. GDPR/CCPA : Protect customer data and comply with regional privacy laws. Mishandling chargebacks leads to financial losses, reputational harm, and can jeopardize your ability to process payments.

PCI DSS 59

PCI DSS Address Verification System (AVS) Disputes Card Network Rules 59

PYMNTS

MARCH 7, 2019

Data privacy and security is becoming a popular political issue, and the latest proof of that came Thursday (March 7) on Capitol Hill. The hearing took place at a time of increasing scrutiny for online privacy and security. During a hearing for the U.S. Rather, it looks like Marriott inherited this breach from Starwood.”.

Data Breach 71

Data Breach Breach Privacy Federal Trade Commission 71

PYMNTS

OCTOBER 12, 2020

The draft statement seen by Reuters indicated that any electronic currency system would have to be “appropriately supervised and regulated so that they would not undermine financial stability, consumer protection, privacy, taxation or cybersecurity.”.

Regulations 80

Regulations Digital Currency Stablecoins Money Laundering 80

PYMNTS

JULY 26, 2020

The nation’s consumer protection agency is seeking input on rule changes to third-party access to individual financial records. Its purpose was to review the agency’s handling of authorized third-party access to consumer’s financial data.

Consumer Financial Protection Bureau (CFPB) 69

Consumer Financial Protection Bureau (CFPB) CFPB Consumer Privacy 69

PYMNTS

SEPTEMBER 27, 2016

The testimony estimated that the agency has saved consumers over $3.4 billion, while its consumer protection actions have saved consumers $717 million through antitrust enforcement efforts. The FTC stated that the common carrier exception leaves consumers vulnerable to telecommunications firms and other common carriers.

FTC 63

FTC Federal Trade Commission Consumer Protection Privacy 63

PYMNTS

FEBRUARY 1, 2019

In the meantime, the District of Columbia’s attorney general Karl Racine is working on his own, and sued Facebook in December for allegedly violating Washington’s consumer protection laws. North Carolina is also part of the probe. Earlier this week Racine said he believes more states will sue the social media giant.

Privacy 43

Privacy Data Breach Breach Consumer Protection 43

The Fintech Times

AUGUST 14, 2024

” AFC also explained that it recognises the ‘essential’ role of existing consumer protections and governance structures in safeguarding consumer privacy and managing third-party risk.

Treasury 69

Treasury AI Innovation FinTech 69

Fintech Review

MAY 1, 2025

Businesses must also demonstrate governance, risk management , and consumer protection from day one. These include anti-money laundering (AML) rules, know your customer (KYC) checks, data privacy requirements, cybersecurity protocols, and financial reporting obligations. It is no longer enough to innovate.

Compliance 59

Compliance Regulations FinTech Payment APIs and Integration 59

PYMNTS

OCTOBER 16, 2019

Mastercard said for a digital currency to be successful, it has to give customers not only stability and consumer protections but regulatory compliance as well. Mastercard said that cryptocurrencies need to give consumers protections that include privacy and security of both information and transactions.

Visa 60

Visa Blockchain Digital Currency Cryptocurrency 60

The Fintech Times

JUNE 5, 2025

” Programmable privacy In The Fintech Times’ pop-up TV studio, we chatted to Fahmi Syed, president of the Midnight Foundation, who spoke about how its blockchain project aims to bring real-world adoption beyond the hype of crypto tokens. “To clarify, pay by bank does not have chargebacks.

Privacy 59

Privacy Blockchain Scams Consumer Protection 59

Electronic Transactions Association

JANUARY 15, 2025

JANUARY 16, 2025 The Electronic Transactions Association (ETA), the world's leading trade association for the payments industry, today announced its comprehensive public policy priorities for 2025, focusing on fostering innovation, especially for small businesses, while ensuring consumer protection across federal, state, and Canadian markets.

Consumer Protection 40

Consumer Protection Privacy P2P Fraud Prevention 40

PYMNTS

MARCH 31, 2019

Facebook has been in the spotlight for its own problems with policing content and privacy for its users. Also, the government and Facebook are reportedly negotiating a settlement in the neighborhood of multi-billions for the company’s privacy issues. . In other Facebook news , the U.S. Landry said.

Regulations 60

Regulations Federal Trade Commission FTC Rules 60

PYMNTS

MARCH 19, 2019

We attorneys general have authority under consumer protection acts to do both,” said Mississippi Attorney General Jim Hood, according to CNBC , on Monday (March 18). “So So it’ll be a multifaceted suit or, hopefully, we can get a settlement if we can get some agreement with them.”. “If

Settlement 62

Settlement Consumer Protection Regulations Privacy 62

The Payments Association

OCTOBER 14, 2024

Click to explore key changes to APP fraud reimbursement rules Click here to open infographic By reducing the cap to £85,000, the PSR aims to balance the need for robust consumer protection with the realities of operating in a competitive payments market. The FCA expects PSPs to contribute to and utilise shared fraud databases actively.

Caps 88

Caps Fraud Prevention Fraud Detection Scams 88

Fintech Review

DECEMBER 3, 2024

Additionally, consumers may worry about data privacy and unauthorised access. Consumer Adoption and Behavioural Shifts The adoption of payment technologies depends heavily on consumer trust and perceived benefits. They aim to ensure consumer protection, foster competition, and promote innovation.

Payment Solutions 97

Payment Solutions Payments Contactless Payments Online and Mobile Banking 97

PYMNTS

JANUARY 30, 2019

Andrew Cuomo, governor of New York, said the attorney general is investigating Apple after a privacy flaw revealed that FaceTime users could listen in on people they called before the recipient accepted or rejected the call, according to a report in Bloomberg. A software update will come later in the week, the company said. “We

Privacy 46

Privacy Breach Consumer Protection Laws 46

PYMNTS

DECEMBER 19, 2018

19), saying that Facebook violated the Consumer Protection Procedures Act by letting users download an app (made by Cambridge Analytica) that collected private info without users’ knowledge. Attorney General Karl Racine said Facebook was responsible because of its lax oversight and misleading privacy settings.

Privacy 43

Privacy Data Breach Procedures Consumer Protection 43

The Fintech Times

JULY 31, 2024

“Issues such as data privacy, cross-border transactions, and adherence to stringent anti-money laundering (AML) protocols require constant vigilance and adaptation. “There is also the challenge of ensuring data privacy and security, adhering to regulations such as GDPR.

Compliance 64

Compliance AML Regulations Due Diligence 64

FICO

JANUARY 5, 2023

CFPB Director Rohit Chopra has further indicated that he would like to see consumer protections akin to those for credit cards, including improving disclosures and fraud and dispute resolution protections. However, some have questioned whether the same consumer protection laws apply to all BNPL activity.

BNPL 52

BNPL CFPB Consumer Financial Protection Bureau (CFPB) Privacy 52

Fintech Review

SEPTEMBER 3, 2024

Governments and financial institutions must work together to create a regulatory framework that fosters innovation while ensuring consumer protection. This includes addressing issues related to data privacy, fraud prevention, and the legal status of cryptocurrencies.

Payments Trends 98

Payments Trends Digital Payments Contactless Payments Cryptocurrency 98

PYMNTS

OCTOBER 3, 2019

More recently, Powell expressed concerns over Facebook’s plan to launch its own cryptocurrency, Libra , saying it “raises serious concerns regarding privacy, money laundering, consumer protection, financial stability. These are concerns that should be thoroughly and publicly addressed.”.

Digital Currency 55

Digital Currency Fed Federal Reserve Central Bank 55

PYMNTS

NOVEMBER 19, 2019

Rosen said law enforcement could look into privacy, consumer protection and other areas throughout its investigations. The Times said the remarks were the deputy AG’s “most significant” on the ongoing probes into the competitive practices of the companies that have reach across commerce, social media, news and advertising.

FTC 40

FTC Federal Trade Commission Law Enforcement Privacy 40

Electronic Transactions Association

JANUARY 25, 2024

ETA encourages policymakers to: Understand the use of AI in payments to appreciate its role in a robust, secure payment ecosystem Ensure new laws complement rather than duplicate existing industry regulations Support technology-neutral, principles-based, and industry-led standards that balance innovation, consumer protection, U.S.

Privacy 40

Privacy Consumer Protection Fraud Detection Duplicate 40

PYMNTS

JULY 10, 2019

Libra raises “serious concerns regarding privacy, money laundering, consumer protection [and] financial stability,” U.S. Facebook also has a questionable track record with trust and user privacy, Dimitri Sirota, CEO of New York data privacy firm BigID, told CNBC.

Money Laundering 43

Money Laundering Privacy Federal Reserve Cryptocurrency 43