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How regulators can foster competition and bolster AI innovation

American Banker

Speakers at DC Fintech Week highlighted ways forward for regulators to keep pace with artificial intelligence, such as by setting up "guardrails" before guidelines.

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FinCEN and OCC address cryptocurrency: responsible innovation and pervasive hype

CFPB Monitor

On May 19, 2022, the Associate Director of the Enforcement and Compliance Division of the Financial Crimes Enforcement Network (“FinCEN”), Alessio Evangelista, spoke at the Chainalysis Links Conference in New York City on the topic of “The Intersection of Cryptocurrencies and National Security.”

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Explore Regulatory Compliance Best Practices at FICO World

FICO

During this period of Congressional gridlock, much of the activity in Washington DC impacting the financial services industry remains focused on the development and implementation of new regulations. Model management continues to present financial institutions with new compliance obstacles.

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Text Messages From Debt Collectors? Not in My Backyard!

CFPB Monitor

It took 44 years for the law to catch up to modern technology, but the CFPB finally did it in 2021 with Regulation F’s guidelines for FDCPA-compliant electronic communications like email and text messages. Opt out notices are required in all electronic communications. per 7 days.

DC 78
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New Center to Probe How Blockchain Can Help Government

Payments Source

But instead of looking for a staid law office, the bitcoin advocacy group formed a partnership with the local incubator 1776 to launch the DC Blockchain Center. The Chamber of Digital Commerce has opened a new outpost in the nation's capital.

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Vantiv, Now Worldpay: A Decision Management Maturity Rockstar!

FICO

Luckily, Decision Management (DM) technology has been invented and has come a long way since AC/DC released this epic anthem in 1975. “It’s a long way to the top, if you wanna rock and roll.” With solutions like the FICO Decision Management Platform (DMP), the journey from novice to rockstar can be faster than a speed metal riff.

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Finance Policy Predictions 2020: AML, Authentication, Collections & CRA

FICO

Industry is anxious for some clear rules of the road, including resolution on such issues as to how many attempted calls can be made weekly to a debtor and how collectors can leverage modern communications technology (e.g., email and texts). The big question is: when we will see the final product? deadlines always seem to slide.