News 

Google could be your wealth manager one day if lawmakers sign off

“Julien Courbe, asset and wealth management advisor at consultant PwC , sees a future where more technology companies provide banking services” writes Elisabeth Buchwald for marketwatch.com. The catch is Google GOOG, +1.79% GOOGL, +1.86%  will need to get the green light from lawmakers on Capitol Hill to launch a personal checking account service. There’s no reason why a mortgage underwriter in the future couldn’t say ‘just give me your Google account’ and now I can pull your credit card and banking history,” Pompliano said. Source: marketwatch.com

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Liberal Massachusetts lawmakers want to seize your car if you vape illegally

“Apparently, Massachusetts lawmakers want to further cash in, despite already having the This madness has officially gone too far” reports washingtonexaminer.com. The bill lays out frankly draconian enforcement authority for Massachusetts law enforcement.How can the lawmakers behind this bill actually think that the use of illicit vaping products justifies the seizure of someone’s car?!. But the extensive authority that this particular Massachusetts bill would give law enforcement reaches new levels of awful and represents an all-out assault on liberty and property rights. Source: washingtonexaminer.com

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Lawmakers are trying to stop Google from gobbling up your health data

“Michael Snyder, a Stanford University professor who studies the utility of health data collection, believes big data is crucial to informing future healthcare decisions” writes Rachel Kraus for mashable.com. As for patient concerns regarding the misuse of health data, ‘consent’ and ‘transparency’ seem to be the buzzwords du jour for leading experts examining the data collection field.Google’s hand has been caught in the cookie jar of your personal health data.In addition to explicitly preventing the sale and trade of health data for profit and without consent, the bill would change…

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At impeachment hearing, Democrat Schiff asks if Trump used power ‘for corrupt purpose’

“The hearing comes a day after House Speaker Nancy Pelosi told reporters that Trump already had admitted to bribery in the Ukraine scandal” writes Midwest Communications Inc for 95kqds.com. The hearings may pave the way for the Democratic-led House to approve articles of impeachment – formal charges – against Trump. Source: 95kqds.com

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Lawmakers turned their fire on Goldman Sachs over Apple Card and said the bank needs to explain its algorithm

“Goldman Sachs is the bank partner for Apple’s new credit card, Apple Card, and has been engulfed in allegations of sexism for the last week” writes Charlie Wood for businessinsider.com. Prominent Democratic lawmakers have turned their fire on Goldman Sachs over allegations that its credit decisions for the Apple Card are sexist.His tweets prompted outcry that Goldman Sachs might be relying on algorithms which automatically give women a lower credit score for no discernible reason. Source: businessinsider.com

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GBP News 

EU executive faces risk of new delay as Britain will not name commissioner

“The move is likely to irk European Union partners as the bloc wants a new executive commission to take office on Dec. 1. and under EU rules all member states should field one commissioner” writes Midwest Communications Inc for 95kqds.com. The new snag caused by Britain’s refusal to name a commissioner could be overcome with a decision by EU states not to apply current rules, but risks of legal challenges remain. The commission is the EU executive arm and holds powers including negotiating international trade deals, policing members states’ finances…

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Crypto News 

Do Lawmakers Use AML as an Excuse to Centralize Crypto and Blockchain?

“Many of the prominent cryptocurrency exchanges are adopting further centralized methods to prepare for a more regulated future” writes Kyle White for cointelegraph.com. While blockchain technology can provide the compliance link between crypto exchanges and banks, it places a centralized power in between users’ access to the decentralized world.Further regulation will bring about cryptographic protection by sharing updated records on a continuous basis with banks, exchanges and other regulatory parties.Despite strict regulations and increased vigilance by authorities, money laundering makes up a very small subsection of the overall cryptocurrency ecosystem.The…

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New impeachment probe transcripts spell out serious concerns about Giuliani

“Hill told lawmakers that Yovanovitch was recalled as U.S. envoy to Ukraine in May as the result of a smear campaign orchestrated by Giuliani and others” writes Jennifer Haberkorn Covers for latimes.com. Two National Security Council experts told House investigators that they had serious concerns about Rudolph W. Giuliani’s efforts to affect U.S. policy in Ukraine, including what one called his “partisan investigations” of Democrats, according to transcripts released by House Democrats on Friday.Hill told lawmakers that she became aware of Guiliani’s sudden “strong interest” in Ukraine in early 2019…

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Trump could slap steep tariffs on imported cars next week

“The U.S. Commerce Department drew backlash from business groups and lawmakers in February after it concluded that car imports pose a threat to national security” writes Finanzen Net Gmbh for businessinsider.com. After an initial six-month delay, President Donald Trump must decide by November 13 whether to follow through with threats to levy tariffs on automobile imports.The Commerce Department did not immediately make its findings regarding car imports and national security available to lawmakers, who have expressed widespread opposition the prospect of auto tariffs. Source: businessinsider.com

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