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FinCEN and OCC address cryptocurrency: responsible innovation and pervasive hype

CFPB Monitor

Associate Director Evangelista stressed “responsible innovation” by the cryptocurrency industry, in order to protect consumers and national security interests, as well as to combat cybercrime and other illicit financial activity. Responsible Innovation “. Responsible Innovation “.

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JP Morgan: Treasury Innovations Accelerate Digital Transformation

PYMNTS

The pandemic provided us greater opportunity to work with regulators to create digital solutions,” said Kanthadai. “We Another factor is the regulatory requirements in many markets that historically necessitate paper documentation for cross-border movements of funds.

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Ten qualities of a successful BSA officer

Abrigo

AML Compliance Ten qualities of a successful BSA officer Hiring a Bank Secrecy Act (BSA) Officer for a financial institution involves looking for a unique experience level and skillset that ensures compliance with the BSA and related regulations. But what makes an exceptional BSA Officer?

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Google CEO Pushes Back Against Regulation Talk

PYMNTS

Google CEO Sundar Pichai pushed back against talk of regulating tech companies, saying that the move could have unintended consequences, according to a report by CNBC. “I I worry that if you regulate for the sake of regulating it, it has a lot of unintended consequences,” Pichai said.

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CFPB Names Paul Watkins From AZ AG Office As Innovation Head

PYMNTS

The Consumer Financial Protection Bureau (CFPB) has announced that Paul Watkins, a lawyer, will lead the agency’s newly created Office of Innovation. “I The Office of Innovation was recently created by Mulvaney to focus on a new priority for the agency: encouraging consumer-friendly innovation.

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Leadership Lessons

Independent Banker

ICBA convention keynote speaker Carly Fiorina, a former Hewlett-Packard chief, shares her perspective on business innovation and leadership. She shared her perspective and experiences with Independent Banker, including how community bank leaders can succeed in a highly competitive and regulated business environment.

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Bitcoin Daily: NY Regulator Announces New Crypto Unit; Online Crypto Lender Leaked Customers’ Credit Info

PYMNTS

New York’s Department of Financial Services (DFS) has launched a new Research and Innovation Division that will be responsible for licensing and supervising virtual currencies. Lacewell said in a press release.