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Two financial industry groups say proposed consumer financial data rules dont go far enough.The Clearing House Association and the Bank Policy Institute submitted recommendation stanley canada s to the Consumer Financial Protection Bureau聽 CFPB on Friday in response to a proposed rule governing how banks, data aggregators and other third parties can share consumer financial data.聽In a news release provided to PYMNTS Tuesday Jan. 2 , the groups argued that the CFPBs proposal does not do enough to protect consumer financial data or to mandate that data recipients stanley canada comply with these rules. Our members welcome the competition brought about by innovative financial technology firms and are prepared to support the ability of bank customers to connect their bank accounts to the third-party apps of their choice, but such competition cannot come at the expense of data security, the letter said. It is critical that consumers personal and financial informat stanley cupe ion remains secure when it is shared between financial institutions and third parties and when it is stored outside of the financial institution. The groups said the CFPB should take steps that it said would bolster the proposal, like making sure the requirements related to consumer authorization and the permissible uses of consumer data, should apply to all third parties and data aggregators in the ecosystem, and to all data.In addition, the associations called for a ban on screen scraping 鈥?which collects data from an application and webpages 鈥?sa Rjdz Five At Five: Amazon Prime s Real Value5 z B& q# \; \! \% g. i% ]; t
PYMNTS Bitcoin Price and Volatility index.Follow 303 Cryptocurrencies here: http://coinmarketcap/ .Bitcoin Tracker | Week 40聽聽聽聽 Apple Pay is here and will it kill bitcoin Well, maybe a bit coincidental but bitcoin prices fell to $474.21 from $486.93 on the news, according to the PYMNTS Bitcoin Price index. The Bitcoin Sentiment Index mirrored that , well sentiment, as it dropped below 90 to 88.45 聽 it had been hovering in the mid-90s. For this week at least, the general public thinks that cryptocurrency prospects are losing steam, or maybe just dont care enough to be, well, sentimental.However, the company conglomerate that in 2009 would claim that they were creating a new world currency is o stanley fr pen to the future being bitcoin. Braintree, which is, of course, owned by PayPal which is owned by eBay said that we ;re at the right time for this [bitcoin], and to see how to propel it forward and took the plunge and is now processing bitcoin. Sir Richard Branson still isnt convinced, and guess what currency was used to buy the 5 million stolen G-mail passwords As always, if you have any news youd like stanley shop to share, please send it our way at contactus@pymnts.On the Plus Side 鈥 million dollar mansion is being sold for bitcoin! And, with the pairing of bitcoin and Braintree, consumers and businesses will have another payment option to consider. Overstock now accepts bitcoin anywhere in the world.Septe stanley quencher mber 11, 2014 鈥?Overstock now accepts bitcoin internationally, |
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