Perficient
AUGUST 5, 2021
Background: On June 11, 2021, the Federal Reserve published in the Federal Register a proposal to amend Regulation J to govern funds transfers through the Federal Reserve Bank’s new FedNow Service by establishing a new subpart C. Comments must reference Docket No. R-1750 and RIN 7100-AG16. 2) Email: regs.comments@federalreserve.go
PYMNTS
NOVEMBER 26, 2020
With regulators cracking down in China, FinTech leaders are scrambling for capital and trying to plan their futures, Bloomberg reported Wednesday (Nov. And those lending in multiple provinces would have to have 5 billion yuan in registered capital at a minimum. The report said Alibaba has used such practices, among other companies.
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CFPB Monitor
MAY 31, 2022
Hsu discussed vulnerabilities in the cryptocurrency framework and recent volatility with stablecoins in pointed remarks at the DC Blockchain Summit 2022. Hsu discussed vulnerabilities in the cryptocurrency framework and recent volatility with stablecoins in remarks at the DC Blockchain Summit 2022. Responsible Innovation “.
Abrigo
SEPTEMBER 20, 2021
They should also consider how they would comply with the regulation, which doesn’t include an asset-based exemption threshold for depository institutions or any other general exemptions for particular types of financial institutions. Stay up to date on small business lending regulation and other lending trends. Collection Requirements.
Abrigo
JANUARY 21, 2020
Despite Federal ambiguity, State Regulators are beginning to clearly define their stances on cannabis banking. State Banking Regulators. I believe we will see more state banking regulators join them in 2020. BSA Rules and Regulation. Key Takeaways The number of institutions banking cannabis grew significantly in 2019.
CFPB Monitor
SEPTEMBER 10, 2020
Thereafter, “using its existing lending operations and personnel, LoanMart commenced ‘marketing’ and ‘servicing’ auto title loans purportedly made by CCBank, a small Utah-chartered bank operating out of Provo, Utah.” Thus, both the OCC and FDIC have adopted regulations rejecting the Second Circuit’s Madden decision.
FICO
DECEMBER 15, 2020
Since the FCC’s 2015 broad definition of Automatic Telephone Dialing System (ATDS) was struck down by the DC Court of Appeals, a steady stream of class action lawsuits have resulted in a number of conflicting decisions and a split among the courts. Now, with the U.S. Supreme Court set to rule in Facebook v.
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