There are virtually no Black financial regulators in America. That’s a problem for economic inclusion

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Many financial policies aim to rectify injustices that have largely targeted Black people, such as redlining or loan discrimination. Without Black financial regulators, that means Black Americans aren’t a part of that policymaking. Of the 327 financial regulators that have been appointed at U.S. federal agencies throughout history, only 10 have been Black. That’s a mere 3%, for a demographic that reflects 13% of the country’s population. Financial regulators are the leaders of national financial agencies, such as the Federal Reserve and the Federal Trade Commission, which act as stewards of banks, corporations, and financial markets. These agencies have the purported goal of ensuring fairness for economic participants. But Black people have been largely absent from those policy-making decisions. Read Full Story

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Paycheck Protection Program: Bank regulators want to talk about fraud identification

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One specific type of potential fraud mentioned by the OCC is “loan stacking,” or an applicant receiving PPP loans from multiple lenders. Federal bank regulators are holding a series of “ listening sessions ” to better understand some potential issues, including fraud, that might have arisen in connection with the Paycheck Protection Program—the loan program approved by Congress last month to help small businesses affected by the coronavirus pandemic. Read Full Story

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Deletion Requests Most Popular CCPA Demand from Consumers in Q1 2020

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When the California Consumer Privacy Act (CCPA) went into effect on January 1, 2020, many affected businesses were not completely prepared for the changes and were short of being compliant with the new regulations. With the first quarter under the new regulations done and dusted, a new report [pdf] from DataGrail looks at how B2C… Read More » The post Deletion Requests Most Popular CCPA Demand from Consumers in Q1 2020 appeared first on Marketing Charts .

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President Biden, appoint a fashion czar!

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The fashion industry is responsible for 10% of the world’s carbon emissions. It needs to be regulated like other big sectors. President Biden, while your administration is hard at work tackling emissions from the automobile and energy industries, there seem no plans to regulate fashion, which produces 10% of global carbon emissions. American fashion companies are also responsible for a panoply of human rights violations, from COVID-19 outbreaks in factories to relying on slave labor . You have an opportunity to take on this deeply problematic sector by creating a new White House position: It’s time to appoint a Fashion Czar. Read Full Story

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UK regulator will investigate Google’s plan to retire third-party cookies

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Google’s plans to retire third-party cookies from its Chrome browser may have hit a snag with news the UK’s Competition and Markets Authority (CMA) is investigating the proposal to assess whether it will distort competition. It comes after complaints of anticompetitive behaviour by Google and that the changes concentrate ad spend in the Google ecosystem and further entrench its market power.

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