Finovate
OCTOBER 22, 2024
The new rule, issued in the form of a 594-page document, aims to enhance consumers’ rights, privacy, and security over their own personal financial data. Today is a day the U.S. financial services community has been waiting for for at least a year– the Consumer Financial Protection Bureau (CFPB) issued its final 1033 rule making.
Segpay
MARCH 24, 2025
Data Privacy & Cross-Border Compliance Australia: The Privacy Act 1988 applies, with additional AUSTRAC reporting for cross-border transactions over $10,000 AUD. USA: Stricter data-sharing laws, including the Gramm-Leach-Bliley Act (GLBA) and inter-agency reporting for suspicious activity over $3,000 USD.
PYMNTS
JUNE 11, 2019
The next and more important step is to create raw, anonymous and synthetic data, “because there is a big security, compliance and privacy impact.”. In short, concerns with GLBA, GDPR , PCI, reputational and headline risks tied to raw data can literally “all go away with the use of synthetic data.”.
Stax
MARCH 15, 2024
Examples include the General Data Protection Regulation (GDPR) in the European Union and the Gramm-Leach-Bliley Act (GLBA) in the United States. Regulatory Compliance: Payment systems may also need to comply with specific regulations and laws related to financial transactions and data protection, depending on the region and industry.
The Fintech Times
FEBRUARY 13, 2025
The Federal Housing Administration Caleb Mabe , global head of privacy and data responsibility at banking services provider nCino , also looked to ECOA as one major regulation which will impact AI’s use in financial decision-making. Access to the financial industry is just too important.
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