CFPB plans rulemaking on financial data access
(Oct 23, 2020) The U.S. Consumer Financial Protection Bureau handed down Read More
NPC deems harvesting debtor information illegal
(Oct 22, 2020) The Philippines' National Privacy Commission released guidance for processing personal data for loan-related transactions, notably prohibiting the harvesting... Read More
US Treasury Department warns against making ransomware payments
(Oct 5, 2020) The U.S. Department of the Treasury issued warnings against making payments in ransomware incidents, The Wall Street Journal reports. In the recently issued ... Read More
Chinese financial sector gets data security guideline
(Oct 1, 2020) According to China's National Financial Standardization Technical Committee, the People's Bank of China released its "Financial Data Security — Data Security... Read More
Amazon introduces biometric payment system
(Sep 30, 2020) TechCrunch reports Amazon rolled out Amazon One, a biometric payment system that identifies individuals with a palm scan. Users will hover their palm over th... Read More
Wells Fargo to enable financial data sharing for customers
(Sep 30, 2020) Wells Fargo customers will be able to share their financial data with more than 1,400 third-party financial applications that use the Envestnet | Yodlee Fina... Read More
Putting Turkey's new bank data storage, transfer requirements under the microscope
(Sep 24, 2020) In February, amendments to Turkish Banking Law No. 5411 introduced important provisions regarding how banks handle confidential customer data. Based on these... Read More
Turkey’s new data storage and transfer requirements for banks
(Sep 24, 2020) Amendments to Turkish Banking Law No. 5411 in February 2020 introduced important provisions regarding how banks handle confidential customer data. Based on t... Read More
Colombian DPA fines bank 269M pesos
(Sep 24, 2020) Colombia's data protection authority, the Superintendencia de Industria y Comercio, announced Banco Popular was fined 269,046,492 pesos for violating the rig... Read More
FTC data portability workshop explores privacy, security considerations
(Sep 23, 2020) Consumers' desires to streamline their online activities, including sharing their multimedia to various platforms, are at an all-time high. The oft-discussed... Read More