Bulletins

Senate votes to repeal True Lender rule

The Capitol Building in Washington.

The Senate voted against a Trump-era lending rule.

Image: Andrew Van Huss (Wikimedia Commons) / Protocol

The Senate voted 52-47 late Tuesday to roll back a Trump-era rule that Democrats argue enables predatory lending.


The rule, finalized by the Office of the Comptroller of the Currency in October, enables payday lenders and other nonbank financial institutions to avoid state caps on interest rates by partnering with national banks headquartered in less restrictive states.

The White House supported repealing the rule, and the resolution now goes to the House. The American Bankers Association opposed using the Congressional Review Act to pass this replacement rule.

Eight state attorneys general had in January sued to overturn the rule.

Democrats had criticized Blake Paulson, acting head of the OCC, for lobbying against the repeal.

Update: This story has been updated to reflect the correct timing for the vote.

Google’s latest plans for Chromecast are all about free TV

The company is in talks to add dozens of free linear channels to its newest streaming dongle.

Google launched its new Google TV service a year ago. Now, the company wants to add free TV channels to it.

Photo: Google

Google is looking to make its Chromecast streaming device more appealing to cord cutters. The company has plans to add free TV channels to Google TV, the Android-based smart TV platform that powers Chromecast as well as select smart TVs from companies including Sony and TCL, Protocol has learned.

To achieve this, Google has held talks with companies distributing so-called FAST (free, ad-supported streaming television) channels, according to multiple industry insiders. These channels have the look and feel of traditional linear TV networks, complete with ad breaks and on-screen graphics. Free streaming channels could launch on Google TV as early as this fall, but the company may also wait to announce the initiative in conjunction with its smart TV partners in early 2022.

Keep Reading Show less
Janko Roettgers

Janko Roettgers (@jank0) is a senior reporter at Protocol, reporting on the shifting power dynamics between tech, media, and entertainment, including the impact of new technologies. Previously, Janko was Variety's first-ever technology writer in San Francisco, where he covered big tech and emerging technologies. He has reported for Gigaom, Frankfurter Rundschau, Berliner Zeitung, and ORF, among others. He has written three books on consumer cord-cutting and online music and co-edited an anthology on internet subcultures. He lives with his family in Oakland.

While it's easy to get lost in the operational and technical side of a transaction, it's important to remember the third component of a payment. That is, the human behind the screen.

Over the last two years, many retailers have seen the benefit of investing in new, flexible payments. Ones that reflect the changing lifestyles of younger spenders, who are increasingly holding onto their cash — despite reports to the contrary. This means it's more important than ever for merchants to take note of the latest payment innovations so they can tap into the savings of the COVID-19 generation.

Keep Reading Show less
Antoine Nougue,Checkout.com

Antoine Nougue is Head of Europe at Checkout.com. He works with ambitious enterprise businesses to help them scale and grow their operations through payment processing services. He is responsible for leading the European sales, customer success, engineering & implementation teams and is based out of London, U.K.

Protocol | Policy

Iris scans for food in Jordanian refugee camps

More than 80% of the refugees in Jordanian camps now use iris scans to pay for their groceries. Refugee advocates say this is a huge future privacy problem.

A refugee uses their iris to access their account.

Photo: KHALIL MAZRAAWI/AFP via Getty Images

Every day, tens of thousands of refugees in the two main camps in Jordan pay for their groceries and withdraw their cash not with a card, but with a scan of their eye.

Nowhere in the United States can someone pay for groceries with an iris scan (though the Department of Homeland Security is considering collecting iris scans from U.S. immigrants, and Clear uses iris scans to verify identities for paying customers at airports) — but in the Jordanian refugee camps, biometric scanners are an everyday sight at grocery stores and ATMs. More than 80% of the 33,000-plus refugees who receive cash assistance and (most of them Syrian) and live in these camps use the United Nations' Refugee Agency iris-scanning system, which verifies identity through eye scans in order to distribute cash and food refugee assistance. Refugees can opt out of the program, but verifying identity without it is so complex that most do not.

Keep Reading Show less
Anna Kramer

Anna Kramer is a reporter at Protocol (Twitter: @ anna_c_kramer, email: akramer@protocol.com), where she writes about labor and workplace issues. Prior to joining the team, she covered tech and small business for the San Francisco Chronicle and privacy for Bloomberg Law. She is a recent graduate of Brown University, where she studied International Relations and Arabic and wrote her senior thesis about surveillance tools and technological development in the Middle East.

Protocol | China

Weibo is muzzling users for discussing a landmark #metoo case

A number of accounts have been suspended, even deleted, after voicing support for the plaintiff.

Photo: Photo by Kevin Frayer/Getty Images

As a Beijing court dismissed China's landmark sexual harassment case on Tuesday, Weibo censors acted to muzzle a number of accounts that voiced support for the accuser, or even simply discussed the trial beforehand.

In 2018, the plaintiff Zhou Xiaoxuan, better known by the nickname Xianzi, filed a high-profile #MeToo case against Zhu Jun, a renowned state broadcast show host. Zhou claimed that Zhu sexually harassed her while she was an intern on Zhu's show in 2014. Chinese web users have closely followed the civil suit, which has also drawn international media attention.

Keep Reading Show less
Shen Lu

Shen Lu is a reporter with Protocol | China. Her writing has appeared in Foreign Policy, The New York Times and POLITICO, among other publications. She can be reached at shenlu@protocol.com.

Protocol | Enterprise

Take that, Slack: ServiceNow gets a little closer to Microsoft Teams

ServiceNow is expanding its decade-long partnership with Microsoft as both companies intensify their rivalry with Salesforce.

Microsoft and ServiceNow's "coopetition" is aimed at a higher goal: undermining Salesforce, which is fast becoming the main rival for both vendors.

Photo: Uwe Anspach/Getty Images

For ServiceNow, Microsoft is the lesser of two evils compared to Salesforce.

After ditching Slack for Teams following the Salesforce acquisition, ServiceNow is deepening its decade-long partnership with Microsoft, promising co-development of new products and fresh integration capabilities within Teams, it plans to announce Thursday.

Keep Reading Show less
Joe Williams

Joe Williams is a senior reporter at Protocol covering enterprise software, including industry giants like Salesforce, Microsoft, IBM and Oracle. He previously covered emerging technology for Business Insider. Joe can be reached at JWilliams@Protocol.com. To share information confidentially, he can also be contacted on a non-work device via Signal (+1-309-265-6120) or JPW53189@protonmail.com.

Latest Stories