Customer-tracking vendor Nomi Technologies failed to give in-store customers an adequate chance to opt out of being tracked through their smartphones, according to a settlement announced on Thursday (April 23) with the U.S. Federal Trade Commission. Get the Full Story Complete the form to unlock...
The U.K.’s Financial Conduct Authority has handed Bank of America Merrill Lynch a record-breaking $20 million fine for failure to properly report transactions over a seven-year period, Reuters reported. Specifically, the regulator says BofA’s Merrill Lynch International arm misreported over 35 million transactions between 2007...
Wells Fargo is negotiating with GE Capital to acquire as much as $74 billion in middle-market business loans, as General Electric continues to sell off most of its banking business, The Wall Street Journal reported on Monday (April 20). Get the Full Story Complete the...
Virginia has launched a project to build the first state-level organization for sharing cybersecurity threat information between the government and the private sector, the state’s governor, Terry McAuliffe, announced on Monday (April 20). Get the Full Story Complete the form to unlock this article and...
California will track consumers who take out payday loans and ban letting online payday lenders getting electronic access to customers’ bank accounts under a new regulatory proposal, according to American Banker. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
With payday lenders already in the sights of the Consumer Financial Protection Bureau, the CFPB is now going after a sort of payday-lender-in-reverse that fleeced U.S. military servicemembers of millions of dollars — in most cases directly from their paychecks. Get the Full Story Complete...
The German government is set to roll out new rules that would limit how startups can raise funding through crowdfunding platforms, as well as who can invest, The Wall Street Journal reported on Friday (April 17). Get the Full Story Complete the form to unlock...
Most people at some point in their life dream about what they would do if they were suddenly super rich. We think of all the nice things we would buy, the good we might do and the various wonders we might work if we suddenly...
With the Data Security and Breach Notification Act headed to the floor of the U.S. House of Representatives for a full vote, some digital rights and privacy groups say the bill should be at least as strong as the state breach-notification laws it will replace...
