The California Privacy Protection Agency (CPPA) has reached a settlement with American Honda Motor Co., Inc. (Honda), as outlined in this Order of Decision. The Order is the CPPA’s first public enforcement action involving a significant monetary penalty of $632,500, arising from its investigation into the privacy practices of connected vehicle manufacturers that began in July 2023.
Many regulated businesses believe that the only thing worse than strict regulations is a wholly uncertain regulatory environment. With many rule changes on hold and enforcement actions and investigations being terminated or limited, how do banks, payments program managers, processors, and fintechs move forward? Do they “take their gloves off” and take advantage of a possible enforcement void to maximize profits, or do they stay the course given that there are 50-year-old laws on the books that still apply and probably are not going anywhere?
Bye-bye, cash flow headaches. Hello, artificial intelligence (AI) fortune-telling. The latest PYMNTS Intelligence data from the March 2024 edition of the “Invoice-to-Pay Automation Tracker® Series” reveals that the transformation of accounts payable (AP) departments from back-office functions to strategic powerhouses is well underway, with AI playing an outsize role in unlocking greater efficiency and real-time insights.
In The Plastic Owl, Bev Evancic discussed the importance of identifying new employees early to ensure they do not become a Plastic Owl. Now, I want to introduce The Antelope Theory, which helps truly understand who you’ve hired once they join your organization.
The Office of the Comptroller of the Currency (OCC) today announced conditional approval of the application for financial technology (fintech) company SmartBiz Loans to change the business model of CenTrust Bank, N.A., Northbrook, Illinois, upon its acquisition of CenTrust Bank, N.A.
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