PYMNTS

DECEMBER 2, 2019

Looking back at 2019, and at cryptocurrencies, we may well make the declaration that fraudsters got a lot more brazen … which may mean 2020 is the year lawmakers and regulators clamp down through a global, concerted effort to root out financial crime. million, was the lowest tally seen in years. North Korea stands out in this respect.

Fraud 130

Fraud Report cryptocurrency National 130

Gonzobanker

DECEMBER 20, 2019

GonzoBankers, 2019 was a year of extremes. Third, read and enjoy the 2019 edition of the GonzoBanker Awards, our 18 th. The company’s market capitalization, which after declining to less than $600 million in the 2009 recession, has now grown to almost $3 billion. annual list. We may not be good, but we’re persistent!

Idaho 148

Idaho Conference Data Marketing 148

CFPB Monitor

NOVEMBER 21, 2019

The CFPB has published its Fall 2019 rulemaking agenda as part of the Fall 2019 Unified Agenda of Federal Regulatory and Deregulatory Actions, which is coordinated by the Office of Management and Budget. The Bureau issued a proposed debt collection rule in May 2019. The agenda estimates issuance of a final rule in April 2020.

Regulation 78

Regulation Cards Data Leadership 78

PYMNTS

SEPTEMBER 23, 2020

Plus, the State Administration for Market Regulation in China has fined Luckin Coffee and other firms. The idea of a digital token has been touted by a number of nations and firms lately. Chinese Regulator Fines Luckin, 43 Other Companies In Fraud Case. The regulator said on Tuesday (Sept.

Cards 214

Cards Google Regulation cryptocurrency 214

Abrigo

APRIL 18, 2022

Takeaway 3 As global interest in digital assets continues to rise, expect to see more regulation and even centralization of digital currency. However, today it is still a relatively new market that does not have mainstream usage within the United States. The industry's most significant market increase was between 2016 and 2018.

cryptocurrency 195

cryptocurrency Fraud United States Leadership 195

CFPB Monitor

MARCH 30, 2020

The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) includes the following key provisions that affect financial institutions and regulation of financial institutions: Section 4003 – Emergency Relief and Taxpayer Provisions.

Regulation 122

Regulation United States Community Bank National 122

PYMNTS

DECEMBER 27, 2019

By the numbers, it is hard to deny in the closing days of 2019 that instant payments, as observed by the PYMNTS Instant Payments Tracker , have hit their stride and are no longer a P2P payments tool for gig economy workers. In 2017 only 11 percent of consumers in a national study of the U.S. Here are four on that list.

Payments 139

Payments Innovation Study Data 139

PYMNTS

FEBRUARY 9, 2018

The world’s first ICO regulations are coming, care of Gibraltar. The rapid global proliferation of initial coin offerings has become an issue of mounting concern among regulators and central banks around the world – in particular, the growth of ICOs has fueled massive growth in the cryptocurrency market in general.

Regulation 106

Regulation cryptocurrency United States Security 106

PYMNTS

MAY 31, 2020

Uber has been approved by the National Economic Prosecutor’s Office (FNE), Chile’s antitrust regulator, to acquire the Chilean grocery shopping app Cornershop, according to an FNE statement. Uber first announced it was looking to acquire a stake in the Santiago-based Cornershop app in October 2019.

Online 163

Online Regulation Retail Regional 163

PYMNTS

FEBRUARY 7, 2020

The National Payments Corporation of India (NPCI) provided the firm with permission to put WhatsApp Pay into operation in a phased manner, The Business Standard reported. . The company aims to scale up its share of the payments market after the full rollout is complete.

Mobile 267

Mobile Compliance Payments National 267

PYMNTS

DECEMBER 23, 2019

And as smartphones have saturated the market, the amount of time we collectively spend on our phones per day has risen every year of the last ten. This year, 2019, the average American will spend three hours and 43 minutes per day on mobile devices, just ahead of the three hours and 35 minutes spent watching television.

Lending 131

Lending National System Management 131

PYMNTS

SEPTEMBER 4, 2018

s request for the European Union to expand its financial market access after Brexit isn’t going to be met in the near future. Reuters , citing Levin Holle, director general of financial markets policy in Germany’s finance ministry, reported that request won’t be met any time soon. The country is due to leave the bloc in March of 2019.

Marketing 100

Marketing Regulation Policies US 100

Abrigo

JULY 22, 2022

Cryptocurrency regulation is on the horizon The ups and downs of the cryptocurrency scene have illuminated a need for guidance for traditional financial institutions. A new and unpredictable market. that were unbanked as of 2019 may not be interested in jumping through the hoops required to open a traditional bank account.

cryptocurrency 195

cryptocurrency FDIC Regulation Fraud 195

PYMNTS

DECEMBER 10, 2018

While entrepreneurs continue to reflect record-level optimism, their top concerns are increasingly including the tight labor market and the importance of retaining staff in such a climate. “And that’s the way the market economy works, for better or worse.” How did small businesses fare in job growth last month?

Marketing 148

Marketing Data Survey America 148

PYMNTS

SEPTEMBER 1, 2020

The Bank for International Settlements (BIS) said in a recent report that the number of correspondent banks — where banks and financial institutions (and domestic payment systems) are linked together — slipped 3 percent in 2019 vs. 2018 and declined a significant 22 percent from 2011 to 2019. A Reduction In The Number Of Corridors .

blockchain 307

blockchain System National Payments 307

PYMNTS

JULY 23, 2020

Regulators in Mexico passed a law governing FinTechs in March 2018, just two months after PSD2 went into effect in the European Union, and others in the region have since followed suit. Brazilian lawmakers have been developing open banking plans since 2019, for example, outlining rough guidelines to be enacted late this year.

America 165

America Regulation Regional Tools 165

PYMNTS

NOVEMBER 12, 2018

The Nassau Guardian reported that the framework will address many of the regulatory challenges the bank associates with crypto, including tax evasion, market volatility, fraudulent initial coin offerings (ICOs), and anti-money laundering policies.

Marketing 179

Marketing cryptocurrency social media blockchain 179

PYMNTS

DECEMBER 8, 2020

Cybercriminals are constantly one step ahead of government regulators, developing new and inventive schemes faster than the authorities can quash them. The latest arena for money laundering is through cryptocurrency , a burgeoning market expected to be valued at $1.4 billion in 2019, including $2.8 billion by 2024.

cryptocurrency 261

cryptocurrency Mobile Compliance Analysis 261

PYMNTS

OCTOBER 8, 2018

In other news, regulators in the European Union are looking at initial coin offerings (ICOs) to determine if they need to be regulated, Reuters reported. The European Securities and Markets Authority (ESMA) along with national regulators are looking into ICOs on a case-by-case basis. telephone number management.”

blockchain 176

blockchain Bitcoin Regulation Security 176

CFPB Monitor

NOVEMBER 22, 2022

As previously reported in February 2019 federal regulators issued a joint final rule (the “Joint Final Rule”) to implement provisions of the Biggert-Waters Flood Insurance Reform Act of 2012 (the “Act”) that require regulated financial institutions to accept private flood insurance policies.

Policies 148

Policies Meeting Exercises Regulation 148

PYMNTS

DECEMBER 27, 2019

With blackjack and roulette on mobile phones, the growing market for online sports wagering in New Jersey has introduced gamblers to virtual casino games. The revenues of online casinos would have only grown roughly 20 percent in 2019 without sports betting’s presence, per Eilers & Krejcik Gaming Industry Analyst and Partner Chris Grove.

NJ 131

NJ New Jersey Las Vegas Online 131

PYMNTS

FEBRUARY 24, 2020

billion-strong, high-spending consumers and their willingness to adapt to new technologies, trends and products may represent the economy of the future for many banks and businesses, but it is notoriously difficult for firms to enter and compete in this market. In China, there is [an] ever-shifting gray line,” Chorzempa said.

Regulation 160

Regulation Policies Data Compliance 160

FICO

MARCH 7, 2023

Home Blog FICO Responsible AI: Are European Firms Ready for the Regulators? There are significant changes coming in Europe, which highlight getting a handle on responsible AI use, with the banking and financial services sector among those that will be most impacted by increasing regulation.

Regulation 52

Regulation America Compliance Fraud 52

Jeff For Banks

NOVEMBER 24, 2019

September 1st, 1999, regulators from the Federal Deposit Insurance Corp, at the behest of the Office of the Comptroller of the Currency, descended on a small coal mining town in Keystone, West Virginia. Clearly, blue-suit regulators stood out. The bank, First National Bank of Keystone, was $1.1 Nationwide lending! But sold most.

National 78

National West Virginia Virginia Pennsylvania 78

PYMNTS

SEPTEMBER 24, 2020

These types of payment flows made up 5 percent or more of the gross domestic product (GDP) for 66 countries in 2019, reaching as high as 20 percent of GDP in nations like Haiti and Nepal. . Maintaining compliance with these important regulations can be challenging, but FIs cannot afford to slip up. The Cost of Compliance .

Compliance 223

Compliance Tools Fraud Regulation 223

PYMNTS

APRIL 2, 2019

However, it does struggle in two areas: mid-band spectrum and national strategy. By the latter part of 2019, the U.S. By the latter part of 2019, the U.S. Also, lawmakers recently introduced a wireless security bill that would favor free market competition. and none in China. and none in China. While the U.S.

US 160

US Policies United States Leadership 160

PYMNTS

JUNE 25, 2019

The cryptocurrency market currently lacks a clear regulatory framework to provide strong protections for investors, consumers, and the economy. Regulators should see this as a wake-up call to get serious about the privacy and national security concerns, cybersecurity risks, and trading risks that are posed by cryptocurrencies.

cryptocurrency 166

cryptocurrency social media Regulation Meeting 166

FICO

JANUARY 25, 2019

The additional costs and complexity for lenders when managing regulations governing mortgages. Synthesising insights from a large number of sources allows the pricing teams to quickly tweak their strategy to market trends, continue to meet internal KPIs and deliver the right price to the right customer, at the right time.

Analytics 74

Analytics Lending Strategy Regulation 74

PYMNTS

JANUARY 25, 2021

A representative for the eCommerce retailer told Reuters that the company calls for an international approach in lieu of taxes levied by different nations. The news comes as the continent may be getting ready to scrutinize large tech companies with new regulations regarding illicit content and antitrust.

Taxes 141

Taxes Google Compliance Apple 141

PYMNTS

OCTOBER 1, 2019

India-based financial services provider Reliance Capital has announced it will exit the lending market. 30), Reuters reported , noting that the company is struggling to overcome “collateral damage” resulting from a slowing national economic and a broader “crisis,” the publication said, in India’s lending sector.

Capital 109

Capital Lending Regulation Operations 109

PYMNTS

OCTOBER 5, 2020

Regulation. By providing a national servicing platform, the charter would enable those kinds of companies to bypass the process by which they have to collect money transmitter licenses from states. Data Activist: Big Tech Not Following Transatlantic Data Transfer Regulations. antitrust regulation. Last week, a U.S.

Data 229

Data Google Compliance Apple 229

PYMNTS

AUGUST 17, 2020

Amazon is facing an investigation by Germany’s national competition regulator over the eCommerce giant’s relationship with third-party sellers, Reuters reports. “We Germany is Amazon’s second largest market. In 2019, Amazon agreed to amend its terms of service for third-party merchants. After the U.S.,

Retail 209

Retail Policies Marketing Online 209

CFPB Monitor

JANUARY 28, 2021

The new report indicates that the Bureau had 1,504 employees as of September 30, 2020, representing an increase of 74 employees from the number of employees as of September 30, 2019 (1,430). The report describes the most frequently cited Regulation Z and Regulation E violations during 2019.

Report 78

Report Leadership Lending Regulation 78

PYMNTS

JANUARY 4, 2019

That caution extends to all manner of considerations in the realm, including the issuance of a state-backed cryptocurrency, and even the regulation of the digital currencies. And, as newbtc.com reported , there no longer are plans for the Reserve Bank of India to launch a national digital currency. One cue might come from the U.S.

cryptocurrency 139

cryptocurrency Study National Course 139

PYMNTS

DECEMBER 9, 2020

FIS and Worldpay combined in mid-2019, Fiserv and First Data combined shortly thereafter and Worldline SA purchased Ingenico earlier this year. These are $100 billion market cap companies that are sitting in the middle of the payments supply chain.”. And from that trust comes a powerful position in the market. “As

Innovation 306

Innovation Fintech Payments Regulation 306

PYMNTS

DECEMBER 6, 2019

Army Secretary Ryan McCarthy told CNBC last week that the army has “immediately” prohibited soldiers from using TikTok following a national security concern that came to his attention earlier in 2019. CFIUS) has formally rolled out a national security review formally into the company’s acquisition of TikTok precursor Musical.ly.

Washington 100

Washington social media National Meeting 100

Abrigo

APRIL 30, 2020

Key Takeaways Federal and state banking regulators have eased coronavirus workout pressures. 31, 2019; and It must be executed between Mar. 1, 2020, and the earlier of 60 days after the termination of the National Emergency, or Dec. 31, 2019; and It must be executed between Mar. 31, 2019, were already “near the edge.”

Strategy 195

Strategy Meeting Software National 195