PYMNTS

JUNE 12, 2020

regulators. The 10-page demand prevents the two companies from merging while the CMA conducts its investigation. For now, the ruling prevents transfer of staff between the companies and none of Giphy’s technology can be integrated with Facebook’s products. Facebook is drawing scrutiny from U.K.

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PYMNTS

FEBRUARY 25, 2019

As regulators overseeing non-banks, our goals are clear: Ensure the safety and soundness of the financial system, protect consumers and streamline the multistate experience,” said Mark Quandahl, chairman of the CSBS Emerging Payments & Innovation Task Force, in a statement. This is an area that we are studying.”.

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Regulation Fintech Community Bank Community 147

PYMNTS

JULY 15, 2020

The European Securities and Markets Authority (ESMA), the European Union’s (EU) financial watchdog, plans to examine how German regulators handled oversight of Wirecard AG , the collapsed payments company that is facing a series of criminal allegations.

Regulation 141

Regulation Guidelines Groups Report 141

Independent Banker

DECEMBER 31, 2021

Independent Banker ’s annual Community Bank CEO Outlook survey reveals how community bank leaders plan to leverage today’s deposit-laden banking environment to grow this year. Janet Silveria, Community Bank of Santa Maria. So, what’s at the top of community bank leaders’ to-do lists? What changes will 2022 bring?

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Community Bank Community Lending Louisiana 144

Perficient

FEBRUARY 15, 2024

This blog was co-authored by Perficient Risk and Regulatory CoE Member: Alicia Lawrence The announcement of significant amendments to the New York State Department of Financial Services (NYSDFS) regulations on December 1, 2023, represents a pivotal moment for entities operating within New York’s financial sector.

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New York Compliance Regulation Analysis 221

Perficient

FEBRUARY 15, 2024

This blog was co-authored by Perficient Risk and Regulatory CoE Member: Alicia Lawrence Perficient’s Risk and Regulatory Center of Excellence (CoE) remains at the forefront of evolving financial rules and regulations, ensuring readiness to tackle emerging challenges and safeguard financial institutions and its customers.

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Compliance New York Regulation Analysis 221

South State Correspondent

APRIL 15, 2024

We feel that as community bankers, we can learn from Jamie Dimon (Chairman and CEO of JPM) and from Warren Buffet’s annual shareholder letters. As usual, it was full of insight that every community banker should consider. Our focus is on information that pertains to the community banking industry.

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Community Community Bank Leadership America 195

PYMNTS

MARCH 31, 2019

Facebook CEO Mark Zuckerberg wrote an opinion piece in The Washington Post calling on regulators to take a “more active role” in making rules for how to police the internet, according to reports. “By These are important for keeping our community safe.

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Regulation Louisiana social media Washington 151

Independent Banker

JUNE 30, 2022

We asked community bankers and experts for their advice on ensuring employees feel a sense of belonging. This could be as simple as ensuring there are meat-free options for vegetarians at every company event, or as involved as establishing culturally specific employee resource groups. By Roshan McArthur. Misti Stanton, Mercantile Bank.

Community Bank 91

Community Bank Community Leadership Millennials 91

PYMNTS

NOVEMBER 26, 2019

Ola, a ride-hailing company from India, said it’s going to be operational in London “in the coming weeks,” according to a report by TechCrunch. So far, the company has raised $3.5 The ride-hailing company secured a license from TfL earlier in the year, and it said it was ready to serve 7 million people throughout 27 British boroughs.

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PYMNTS

NOVEMBER 13, 2018

To that end, news came earlier this week in the United States that a dozen community and regional banks have formed a group aimed at exploring the opportunities amid FinTech offerings. The company is trialing token-based asset lending through the next two years and covering 10,000 state residents.

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Community Bank Community Fintech Arizona 183

CFPB Monitor

JUNE 2, 2022

In a surprising development, the California Privacy Protection Agency (CPPA) published proposed amendments to the CCPA regulations recently. The proposed amendments—which in effect are the draft CPRA regulations—were issued without advance notice, ahead of the schedule previously announced by the CPPA. .

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Regulation California Exercises Compliance 78

PYMNTS

MAY 31, 2018

Community banking may get a boost from technology, if recent activity is any indication. In Florida, reported American Banker – in the community banking realm – Seacoast Banking has paired with SmartBiz Loans to shorten the loan approvals process. Joint efforts from community banks are reportedly picking up steam.

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Community Bank Community Fintech Florida 104

PYMNTS

APRIL 2, 2019

The big tech landscape is one that continues to be populated by regulators, by disparate voices calling for more oversight, more laws, more mandates spelling out what is private and what is not. These are important for keeping our community safe. Such regulations should not require companies to store data locally, Zuckerberg said.

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Regulation social media Google Washington 115

CFPB Monitor

FEBRUARY 11, 2021

The publication of Mr. Uejio’s statement to CEEA follows the publication of his statements to the Bureau’s Division of Supervision, Enforcement, and Fair Lending and Division of Research, Markets, and Regulations. He did not identify those consumer advocates.)

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Company Report social media Community 148

PYMNTS

JANUARY 15, 2021

To get a bit more granular, in an interpretive letter , the OCC said that regulated financial institutions (FIs) can participate in independent node verification networks (INVN for short – namely, a blockchain network). But if the road to stablecoins is getting clearer, don’t expect rush-hour traffic on that road yet, cautioned Allaire.

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Regulation US Payments Compliance 253

PYMNTS

JANUARY 9, 2018

While marketplace lending platforms and alternative finance players first surfaced to compete with traditional financial institutions (FIs), many large banks have now realized that collaborating with these companies is the way to better service SMBs — and without the added investment in developing proprietary systems.

Community Bank 131

Community Bank Community Fintech Lending 131

American Banker

MAY 24, 2024

There were significant red flags that regulators overlooked when allowing New York Community Bank to acquire Signature Bank. Those include the fact that the company was still integrating the Flagstar Bank transaction.

New York 53

New York Community Bank Community Regulation 53

Independent Banker

DECEMBER 31, 2022

We simply need to remember what makes us special as community bankers, and with that as our foundation, we can embrace this season of change in four primary ways: 1. Demonstrating the community bank difference. That’s the community bank difference, and we should be proud to reiterate it throughout the year. My Top Three.

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Community Bank Community Hawaii Washington 218

PYMNTS

MAY 12, 2016

In reference to regulations directly impacting the banking industry, Dimon promised that “we’re going to satisfy the regulators” and noted: “When I travel around America, I get a huge amount of complaints about regulation. Small business, middle market, large companies. And I agree with that.”

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Regulation Community Bank Community America 100

PYMNTS

SEPTEMBER 30, 2020

The House committee held a hearing on the idea after Acting Comptroller of the Currency Brian Brooks in July proposed a new special purpose national banking charter for payments companies. However, the banking industry doesn’t like that one bit. “We And as the banking industry’s letter shows, FIs are still displeased with the idea as well.

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PYMNTS

DECEMBER 12, 2018

Nowhere does that ring truer than in the nascent and growing legal cannabis industry, where billions of dollars flow the old-fashioned way — hand to hand, because of the clash between federal and state regulations over its legality. That’s according to data published at the end of last month, per data from the U.S. without resorting to cash.

Company 170

Company Taxes Compliance Industry 170

CFPB Monitor

MAY 17, 2021

On May 19, 2021, the House Financial Services Committee will hold a hearing , “Oversight of Prudential Regulators: Ensuring the Safety, Soundness, Diversity, and Accountability of Depository Institutions.” The scheduled witnesses are: Todd Harper, Chairman, National Credit Union Administration.

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Regulation FDIC National Community 78

CFPB Monitor

DECEMBER 8, 2022

As a result, a company that controls an institution that is not a BHCA bank is not required to register as a bank holding company with the Federal Reserve Board and, therefore, is not subject to regulation and supervision by the Federal Reserve Board. The bill is co-sponsored by Senators Bob Casey (D-Pa.) 5301) (e.g.

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FDIC Company Industry Regulation 78

Banking Exchange

SEPTEMBER 15, 2021

Community bank-focused document is designed to guide companies through the innovation process Community Banking Feature3 Feature M&A Management.

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Community Bank Regulation Community Fintech 78

CFPB Monitor

JANUARY 24, 2022

In addition, the parent company of SoFi Bank, N.A., SoFi Technologies, has applied to the Federal Reserve to become a bank holding company and therefore subject to consolidated supervision.

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National Fintech Company FDIC 78

PYMNTS

AUGUST 7, 2018

Regulators from the U.K., Financial Conduct Authority (FCA), the new alliance – dubbed the Global Financial Innovation Network – is part of the FCA’s aim to create a global sandbox that will allow companies to test innovative products with regulatory authorities on a temporary basis. and Hong Kong announced on Tuesday (Aug.

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Regulation Fintech Policies Innovation 100

Independent Banker

SEPTEMBER 30, 2018

As policymakers continue to review financial services regulations, the largest banks are working to roll back rules that were designed to mitigate the risks they pose to the financial system. We cannot afford to repeat the mistakes that contributed to the 2008 financial catastrophe, which community bankers remember all too well.

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Community Memphis Tennessee Community Bank 79

PYMNTS

MARCH 8, 2018

Ripple’s CEO would like regulators and the cryptocurrency industry to learn how to get along. “It’s incredibly important that the entire industry recognizes that we have to work with the regulators, we have to work with the system,” CEO Brad Garlinghouse said in an interview on CNBC.

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Regulation Bitcoin cryptocurrency System 111

PYMNTS

NOVEMBER 18, 2020

The DOJ and relevant regulators must fully scrutinize this proposal and assess the merger’s potential impact on the banks’ customers, workers at the banks, and communities served by the banks, especially communities of color that have been hardest hit by the pandemic," she said in the release.

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Regulation Community Taxes Trends 201

PYMNTS

AUGUST 25, 2016

One of these lenders, Clearinghouse Community Development Financial Institution , better known as Clearinghouse CDFI, offers an interesting view into the state of SME finance. The company takes a more narrow focus to small business lending than some other FIs by targeting the western U.S. A Regional Reach.

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Regulation Lending Community California 100

American Banker

APRIL 4, 2024

The Federal Reserve issued an enforcement action against Mode Eleven Bancorp, the holding company for Summit National Bank, which engages in banking-as-a-service.

Wyoming 58

Wyoming Community Bank Community Fintech 58

PYMNTS

NOVEMBER 10, 2019

Kenya has passed a new data protection law in the hopes of attracting more foreign technology companies into the country. Kenya has joined the global community in terms of data protection standards,” Joe Mucheru, minister for information, technology and communication, told Reuters.

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Regulation Data User Experience Training 109

PYMNTS

APRIL 5, 2019

Silicon Valley-based financial services startup Earnin has potentially run afoul of New York State regulators with its payday advance product for consumers. Earnin CEO Ram Palaniappan has in the past denied that the company was a payday lender, according to the newspaper.

Regulation 100

Regulation New York Lending Capital 100

CFPB Monitor

FEBRUARY 17, 2021

As we reported , Acting CFPB Director Dave Uejio recently shared a blog post in which he directed the Bureau’s Consumer Response Unit to prepare and publish a report highlighting companies with a poor track record of responding to consumer complaints. He stated that “senior leadership of these companies can expect to hear from me.”

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Regulation Study Community Leadership 78

FICO

JANUARY 5, 2023

Policy Predictions for Financial Services Companies. Open banking, BNPL, cybersecurity and AI will all be under the microscope for regulators and policymakers, but not all areas will see major action in 2023. regulators take a major step in addressing the emerging open banking landscape. Four 2023 U.S. FICO Admin.

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Policies Company Regulation Risk Management 52

Abrigo

FEBRUARY 11, 2022

The decision appears to mark the board’s final word on ongoing petitions from community banks and credit unions who asked for a delay or total exemption. Their decision means that all financial institutions, including small public companies, privately held banks, and credit unions, must adopt the standard for fiscal years starting after Dec.

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Resources Regulation Community Bank Community 195