Privacy news and trends

Straight Outta Stealth: Connyct Builds Social Media for the Next Generation
Connected Economy // November 18, 2024

It’s hard to believe it was more than 20 years ago. Feb. 4, 2004. George W. Bush was president. The Lord of the Rings ruled the movie box office. “Hey Ya!” ruled the top 40. And in Cambridge a sophomore named Mark Zuckerberg registered the URL...

CFPB: States Should Fill Gaps in Laws to Protect Consumers’ Financial Data
CFPB // November 12, 2024

At a time when more financial institutions are monetizing consumers’ financial data, state policymakers should assess gaps in their data privacy laws, the Consumer Financial Protection Bureau (CFPB) said Tuesday (Nov. 12). The regulator found in a report released Tuesday that many states have adopted...

Meta Protests FTC Plan to Update Privacy Settlement
Meta // November 12, 2024

Meta is reportedly rejecting the FTC’s plan to modify a 2020 privacy settlement. An attorney for the tech giant told the Federal Trade Commission’s (FTC) commissioners at a Tuesday (Nov. 12) hearing that such a move would need to come from a federal court, Bloomberg...

Facebook Slashes Price for Ad-Free Subscriptions in Europe
Subscriptions // November 12, 2024

Meta is lowering the price of ad-free subscriptions for European Facebook and Instagram users. The social media giant is reducing the price of those subscriptions by 40% in the European Union, according to a Tuesday (Nov. 12) company blog post. “Going forward, people based in...

Interviews & Exclusives
For Retailers, Data Simplicity Is All About the SKU

November 20, 2024
In a landscape where data fuels decisions and insights drive growth, simplicity has taken center stage. “Data is the key to driving simplicity,” Banyan Chief Product Officer Vish Shastry told PYMNTS during a discussion for the “What’s Next in Payments” series, “Business Simplicity: The New KPI.” This shift is particularly crucial in the payments industry, […]

Straight Outta Stealth: Connyct Builds Social Media for the Next Generation

November 18, 2024
It’s hard to believe it was more than 20 years ago. Feb. 4, 2004. George W. Bush was president. The Lord of the Rings ruled the movie box office. “Hey Ya!”...

Rule 1033 Explained: How the CFPB’s Data Sharing Standards Could Reshape Banking

November 05, 2024
The Consumer Financial Protection Bureau’s finalized rule on data sharing has its share of supporters and detractors. Those in favor of the new mandates — and as described by the...

The Data-Ready Deficit Looms Large for the Platform Economy

October 31, 2024
As platform businesses strive to maintain a competitive edge, the readiness to harness data effectively is a factor driving success. Given the world’s digital landscape, the ability to analyze and...

Quick Reads
CFPB: States Should Fill Gaps in Laws to Protect Consumers’ Financial Data

November 12, 2024
At a time when more financial institutions are monetizing consumers’ financial data, state policymakers should assess gaps in their data privacy laws, the Consumer Financial Protection Bureau (CFPB) said Tuesday (Nov. 12). The regulator found in a report released Tuesday that many states have adopted new data privacy protections that exempt financial institutions and consumer […]

Meta Protests FTC Plan to Update Privacy Settlement

November 12, 2024
Meta is reportedly rejecting the FTC’s plan to modify a 2020 privacy settlement. An attorney for the tech giant told the Federal Trade Commission’s (FTC) commissioners at a Tuesday (Nov....

Facebook Slashes Price for Ad-Free Subscriptions in Europe

November 12, 2024
Meta is lowering the price of ad-free subscriptions for European Facebook and Instagram users. The social media giant is reducing the price of those subscriptions by 40% in the European...

Mastercard Debuts Open Banking ‘Command Center’ Connect Plus

October 18, 2024
Mastercard introduced a tool that lets consumers control the sharing of their financial data. Connect Plus is a “data command center” that lets consumers determine how, where and with whom...