Plaid Technologies’ public effort to blame Capital One after a security upgrade blocked the data aggregator from accessing customer data appears to have backfired. Other data aggregators have distanced themselves from the protest, noting they have been unaffected and even speaking out in defense of Capital One. “CapOne is a leading bank that is highly concerned about its customers’ data,” said Steve Smith, CEO of the data aggregator Finicity. “If they take steps to secure their customers’ data and other aggregators have continued access to that data, then you have to ask yourself what’s really going on there. Aggregators don’t use the same methodology across the board.”
Twenty-Five Students From Around the U.S. Received $1,000 Towards Their Education
WOODLAND HILLS, Calif. – July 18, 2018 –Account Control Technology Foundation (herein ACT Foundation), is honored to announce the 2018 recipients of the ACT Foundation scholarships. The two categories are: The ACT Foundation Second-Year Scholarship for first-year college students nationwide who will enroll as sophomores in the upcoming fall semester and the ACT Cares Community Scholarship allocated for graduating high school seniors from select communities surrounding Account Control Technology Holdings, Inc.’s (ACT Holdings) 18 office locations.
If Assembly Bill 2825 (authored by Assembly member Reginald Byron Jones-Sawyer, Sr., Los Angeles) passes, auto repair shops, including collision repairers, will turn into debt collectors—a job that they’re not suited for, according to Jack Molodanof, head lobbyist for the California Autobody Association. Originally written to deal with towing companies, AB 2825 was amended on June 18 to include any company that repairs vehicles.
The credit union (CU) market has long argued that rules intended for larger, more traditional banks have unjustly been applied to their industry, stifling their growth and pace of innovation. However, recent changes in regulations could open new doors for the credit union market to more efficiently serve its members. The July/August Credit Union Tracker looks at how the credit union market is pushing back against regulation and pursuing new innovation strategies, how regulatory changes are creating opportunities for credit unions to expand into new markets, and how one credit union is stepping up to assist members displaced by a natural disaster.