PYMNTS

JANUARY 18, 2022

18) that it plans to regulate cryptocurrency advertising like other financial products and ensure that promotions are “fair, clear and not misleading,” according to a Bloomberg report. Related: Spain, Singapore Join UK in Crypto Ad Smackdown. Singapore banned crypto-related advertising completely. Treasury said Tuesday (Jan.

cryptocurrency 147

cryptocurrency Regulation social media Guidelines 147

PYMNTS

JANUARY 26, 2021

So, payments provider Ant Group ’s much-heralded initial public offering (IPO) could be back on? Bloomberg reported that People’s Bank of China Governor Yi Gang said regulatory agencies are, in relation to Ant, still looking into issues surrounding potential monopolies. Ant is a spinoff from Chinese billionaire Jack Ma’s Alibaba Group.

Regulation 238

Regulation Groups Financial Technology Online 238

PYMNTS

NOVEMBER 8, 2020

The federal Paycheck Protection Program (PPP) designed to blunt the economic impact of the pandemic is beset by extensive instances of fraud, The Wall Street Journal (WSJ) reported, attributing the conclusion to public records and interviews with government officials. The program provided about $525 billion to 5.2 million businesses.

Fraud 271

Fraud Report Company Online 271

Perficient

JANUARY 3, 2024

For brokers, in the financial services sector, remote work became especially difficult due to the requirement for firms to register and supervise all home office “branches.” Member firms are responsible for providing the FINRA with quarterly data, disclosing the number of inspections and any related findings. Contact us today!

Compliance 221

Compliance Risk Management Regulation Industry 221

Abrigo

APRIL 2, 2020

Train your frontline staff to recognize the red flags of potential elder financial abuse. What is Elder Financial Exploitation (EFE)? Elder Financial Exploitation (EFE) is perpetrated by family, friends, neighbors, caregivers, or others taking advantage of an older person.

Fraud 335

Fraud Resources Software Training 335

BankUnderground

JUNE 8, 2023

Equally, many authorities around the world are considering mandatory climate-related reporting. We focus on the following in a recent working paper : How have voluntary, climate-related disclosures of UK financial institutions changed over time? These developments raise myriad unanswered questions.

Policies 92

Policies Groups Regulation US 92

Perficient

JULY 10, 2023

The trust placed in financial services organizations by clients, investors, and stakeholders is not only a reflection of reliability but also a significant driver of business success. Most financial services institutions have in place some sort of reputational risk framework that intends to mitigate such risks.

social media 170

social media Risk Management Analysis Industry 170

PYMNTS

JANUARY 3, 2021

A surge in eCommerce returns driven by COVID-19-related policy changes is hurting retailers but helping logistics companies, the Financial Times reports. If they can restock it, they pay restocking costs and suffer the loss of the item for a potentially permanent sale throughout the process, the Financial Times noted.

US 271

US Retail Policies Online 271

Abrigo

DECEMBER 19, 2022

Given the demands of day-to-day duties, however, it can be challenging for BSA officers and other financial crime compliance staff to find time for training and education on fraud and money laundering. Regulators expect financial institutions to have a formal BSA training plan, to be sure. Keep me informed. Read the case study.

Resources 195

Resources Training Fraud Compliance 195

PYMNTS

NOVEMBER 16, 2020

Now, with the pandemic accelerating a move toward digital product acquisition, communication, purchases and money movement, financial institutions (FIs) and their clients need to be even more vigilant. Leslie Ragan manages transaction fraud prevention for Elan Financial Services , a unit of U.S. Leveraging Advanced Technologies.

Fraud 295

Fraud Strategy social media United States 295

PYMNTS

NOVEMBER 9, 2020

Reports in The Construction Index revealed that Travis Perkins notified its suppliers it would be extending payment terms, citing work-from-home requirements of its accounts payable staff related to COVID-19. Speaking with the publication, Hang Seng Bank China economist Wang Dan said, "The receivable problem is across the board.

Payments 176

Payments Survey Ohio Branding 176

PYMNTS

DECEMBER 18, 2020

The rules effectively require financial institutions to report such digital transactions in much the same way they have been required to report cash transactions since 1970. The publication of the proposed new rules in the Federal Register triggers a comment period before which a new regulation can become official.

Bitcoin 354

Bitcoin US Regulation cryptocurrency 354

Abrigo

JANUARY 24, 2024

For acquisitive financial institutions, the required efforts have been elevated, as CECL changed how public and private financial institutions account for these acquired assets. Find out what auditors and regulators will be looking for as it relates to CECL.

FDIC 195

FDIC Regulation Strategy Data 195

PYMNTS

OCTOBER 6, 2020

Co-Founder and Partner Dana Settle said the firm plans to keep investing in retail-oriented businesses, although it's also interested in working with health technology, financial technology and grocery-related businesses, Bloomberg reported. But after several months of slowing down, IPOs began to flood the market again.

Los Angeles 294

Los Angeles New York Financial Technology Trends 294

PYMNTS

AUGUST 7, 2020

German authorities are cracking down on several allegedly illicit cryptocurrency-related operations in the country. BaFin, Germany’s financial regulatory authority, has begun shuttering crypto ATMs run by KKT UG, CoinDesk reported. The police worked with the FBI to trace and identify the Bitcoin involved.

Bitcoin 157

Bitcoin ATM cryptocurrency Operations 157

Abrigo

NOVEMBER 18, 2019

Key Takeaways Cannabis-related businesses operate in high cash volumes, creating a public safety concern. Traditional banking services, such as ACH and wires, are not readily available to CRBs because intrastate commerce has not been approved federally for marijuana-related businesses. Why is the SAFE Banking Act important?

Regulation 150

Regulation Community National Operations 150

PYMNTS

APRIL 22, 2020

Since Tuesday (April 21), the DOJ said the FBI’s Internet Crime Complaint Center (IC3) has reviewed more than 3,600 complaints related to COVID-19 scams. Others pretend to be government agencies or public health organizations designed to trick viewers into entering banking and credit card information.

Fraud 172

Fraud Software Examples Cards 172

PYMNTS

SEPTEMBER 25, 2019

The bill was sponsored by Congressmen Ed Perlmutter of Colorado, Denny Heck of Washington, Steve Stivers of Ohio and Warren Davidson of Ohio, all members of the House Financial Services Committee. Cannabis-related businesses are locked out of the banking system, and cannot maintain checking accounts, process payroll obligations or pay taxes.

Ohio 235

Ohio Colorado Washington California 235

Abrigo

FEBRUARY 9, 2023

You might also like this webinar, " AML Compliance and Sanctions Requirements for Non-Bank Financial Institutions " WATCH NOW Takeaway 1 Financial institutions must understand regulatory expectations for name screening with sanctions lists. There are several factors to consider that can elevate a PEP’s risk to a financial institution.

Fraud 195

Fraud Training Software Compliance 195

Abrigo

SEPTEMBER 22, 2021

Here’s how they’re changing for financial institutions. New Disclosures Under CECL CECL disclosures play a central role in the new standard, but many financial institutions begin work on them too late in the process. CECL disclosure requirements for 2023 filers and others New disclosures are required under CECL in some cases.

Security 195

Security Examples National Report 195

PYMNTS

JUNE 23, 2020

The scholarships are directly related to the main stories in the world for the past several months. The new option is useful for its potential to let people in financial hardship set up the plans that can work for them. The applications for the scholarships are available through July 31 for any undergraduate or graduate students.

Study 249

Study Community Training Maine 249

Abrigo

MAY 30, 2023

Timelines for small business loan data collection and reporting Deadlines for complying with the new CFPB section 1071 rule requirements for financial institutions to collect data on small business loan activities. Takeaway 3 The earliest deadline requires financial institutions to begin collecting data Oct.

Compliance 195

Compliance Lending Data Regulation 195

CFPB Monitor

AUGUST 25, 2022

In its announcement, the CFPB states that the event will bring together “advocates, service providers, community leaders, and members of the public to explore challenges around nursing home debt collection practices and the impact they can have on the financial wellbeing of caregivers, their families, and friends.”.

Community 78

Community 78

PYMNTS

MAY 19, 2020

Robert Werner brings regulatory, financial crime compliance and enforcement experience from his work in the public and private sectors, Libra said. He also headed financial crime compliance for Merrill Lynch. Previously, Werner worked at the U.S. I look forward to meaningfully contributing to such an impactful project.”.

US 227

US Connecticut social media Compliance 227

PYMNTS

FEBRUARY 27, 2020

27) that on-demand food delivery firm DoorDash has filed yet-to-be-made-public documents with the Securities and Exchange Commission – known as a confidential S-1 – to undertake an initial public offering (IPO) may prompt a bit of head-scratching. In fact, much remains under wraps about why and when the company might go public.

Capital 151

Capital Millennials Marketing Taxes 151

FICO

MAY 16, 2023

Home Blog Feed test FICO and Chelsea Football Club to Raise Financial Literacy in U.S. During the tour, Chelsea will be supporting FICO in their mission to support communities by improving financial literacy. teenage students lack basic financial literacy skills[1] and 74% of teens aren’t confident in their financial knowledge.

North Carolina 98

North Carolina United States social media Illinois 98

CFPB Monitor

SEPTEMBER 7, 2021

s declared State of Public Health Emergency, several financial protections have been put in place, including some that severely limit, among other things, collection activities relating to consumer contracts, repossession, and legal actions on accounts. In the District, during a public emergency, the Mayor and the D.C.

District of Columbia 133

District of Columbia Course Payments Regulation 133

PYMNTS

SEPTEMBER 30, 2020

The online retail giant is scooping up 90,000 additional square feet of office space in the middle of Singapore’s financial district at the Asia Square Tower 1, Bloomberg reports , citing people familiar with Amazon’s real estate plans. The world’s largest retailer is also on a hiring binge in Singapore.

Denver 243

Denver Dallas United States New York 243

PYMNTS

DECEMBER 17, 2020

BarkBox appears to be in line to go public via a merger with a special purpose acquisition company or SPAC for short. And so the question looms as to whether the special purpose acquisition company (SPAC) will be the backdoor entry to the public markets. One might wonder why now would be the time to merge and go public.

Training 203

Training Comparison Capital Policies 203

PYMNTS

MAY 14, 2020

The company also took a financial hit as it issued catastrophe pay for baristas, upped hourly wages and paid for safety-related items like masks, all as revenues were falling.

US 245

US Company Report Operations 245

PYMNTS

DECEMBER 27, 2019

Reports in the Financial Times said the U.K. The collapses raised concerns that auditors failed to detect financial troubles in corporates’ books — and ignited a debate over whether auditors are responsible for discovering potential signs of impending collapse, or even fraud. In the year to April 2019, the U.K.

Fraud 131

Fraud Report Regulation Industry 131

Cisco

APRIL 26, 2022

The future of financial services will be shaped by the ability of financial institutions to extract and deliver more customer value from data. The convergence of mobile, cloud, and IoT technologies continues to create new opportunities for institutions to deliver personalized and contextual financial services. What Lies Ahead.

Big Data 148

Big Data Data Analytics Examples 148

CFPB Monitor

JULY 20, 2022

As discussed in an earlier blog post , the California Department of Financial Protection and Innovation (“DFPI”) issued an Invitation for Comments on the Proposed Second Rulemaking under the Debt Collection Licensing Act (“DCLA”) on August 19, 2021. 10 CCR § 1850.1 Code §§ 28100 et seq.). 10 CCR § 1850.2 Code § 100021. 10 CCR § 1850.71

California 141

California Regulation Taxes Report 141

PYMNTS

APRIL 24, 2020

The digital yuan is structured using a central bank-issued CBDC for commercial banks and a commercial bank-issued CBDC focused on the public. The yuan pilot tests became known to the public after a screenshot circulated on social media earlier this month that supposedly showed a new digital yuan app from the Agricultural Bank of China.

social media 209

social media National Regulation Groups 209

PYMNTS

SEPTEMBER 27, 2020

The regulator said Binance had been put on a list due to distributing data related to the acquisition of digital coins like Bitcoin. In a public announcement, Binance said it had not been notified before Sept. 24 of the news. Binance said it was talking with legal counsel, and assured users that their coins were safe.

Bitcoin 210

Bitcoin Data cryptocurrency Regulation 210

American Banker

MARCH 5, 2021

Many regionals are expected to make similar decisions as boards balance the desire to reward strong leadership during the pandemic with lackluster financial performance and public relations concerns. The megabanks have cut compensation or held it steady for their top executives.

Leadership 85

Leadership Regional 85

PYMNTS

FEBRUARY 21, 2019

government’s mandate that the Royal Bank of Scotland (RBS) allocate about $1 billion for a fund intended to give a financial boost to industry competitors has hit roadblocks that could spark controversy as the first of the funds are issued. Reports in the Financial Times on Wednesday (Feb.

Metro 190

Metro Policies Report Branding 190