Abrigo

SEPTEMBER 20, 2023

Regulators take risk seriously, and knowing just how much risk your institution can take while remaining compliant is essential. The credit union was not reviewing 314(a) requests, not conducting independent testing, and could not provide regulators with a meaningful risk assessment.

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PYMNTS

JANUARY 1, 2021

If 2020 was the year of streaming media, of content done a million different ways, of apps and Apple, and Google’s and Amazon’s algorithms … it was also the year of Big Tech regulation, where 2020 set the stage for a 2021 that could be seismic in changing the way companies — from Facebook to Apple to debt collectors — interact with consumers.

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Regulation social media Course Apple 352

TheGuardian

JULY 6, 2023

NatWest, Lloyds, HSBC and Barclays bosses expected to attend FCA meeting and justify disparity between loan and savings rates The chief executives of the UK’s largest high street banks will face the City watchdog on Thursday amid accusations they are “profiteering” as savings rates offered to customers lag well behind soaring borrowing costs.

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Meeting Regulation Groups 68

CFPB Monitor

OCTOBER 18, 2023

At its open Board meeting scheduled for October 24, 2023, the Federal Reserve Board is expected to approve its final rule amending its current regulation implementing the Community Reinvestment Act. Continue Reading

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Meeting Community Regulation 78

Bank Innovation

MARCH 19, 2020

For insights into these questions, Bank Innovation and INV Fintech, its sister banking innovation services platform, will present a special Zoom meeting on […]. How will banks and startups work together?

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PYMNTS

OCTOBER 3, 2019

Representatives from all 28 Libra backers were set to meet in Washington on Thursday (Oct. It doesn’t seem that there was a lot of pre-work done with regulators,” the source of the information told the times. A meeting is scheduled in Geneva in the middle of October for everyone to formally voice their participation in the project.

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Meeting Regulation Washington cryptocurrency 172

PYMNTS

OCTOBER 12, 2020

Facebook's proposed global digital currency Libra is expected to get pushback from G7 leaders who are anticipated to publicly oppose the project due to a lack of regulations, according to a Reuters report on Monday (Oct. 13) during a meeting of finance ministers and central bankers from the U.S.,

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PYMNTS

JANUARY 15, 2021

After having its $37 billion dual IPO pulled by Beijing, Jack Ma’s Ant Group is working fast to overhaul operations to comply with government regulations, The Wall Street Journal reported on Friday (Jan. Chinese financial regulators called Ma and his leadership team to answer questions on the eve of the company’s stock market debut.

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Bank Innovation

OCTOBER 27, 2017

The two regulators are working to support fintechs to meet regulatory requirements in each other’s countries. The two regulators signed the agreement last week in Madrid. Switzerland is Australia’s tenth-largest source of foreign investment. In […].

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PYMNTS

MAY 7, 2020

That’s how much time Paycheck Protection Program (PPP) loan recipients have to return their loan if they can’t meet the updated rules from the U.S. Its revised regulations , detailed on its Frequently Asked Questions page, urges companies who have access to other financing to reconsider whether they really needed the money.

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PYMNTS

AUGUST 26, 2019

Waters released a statement on Sunday (August 25) saying that despite meeting with the regulatory body for the proposed cryptocurrency, the implications of a large tech company providing a digital currency for billions of people still troubled her. .

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Meeting US cryptocurrency Regulation 145

Perficient

OCTOBER 27, 2022

The FRB and FDIC are looking to improve financial stability by limiting contagion risk ( the spread of an economic crisis from one market or region to another) by reducing the likelihood of uninsured depositors suffering loss.

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PYMNTS

NOVEMBER 3, 2020

The Shanghai Stock Exchange is delaying Ant Group’s record initial public offering (IPO) following Jack Ma’s meeting with Chinese regulators, according to a Wall Street Journal (WSJ) report on Tuesday (Nov. That meeting now disqualifies Ant from listing on Thursday (Nov.

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PYMNTS

FEBRUARY 17, 2020

Breton had a short meeting with Mark Zuckerberg , Facebook chief executive, on Monday, and after that, Breton made the statement that it wasn’t the EU’s responsibility to meet Facebook’s demands. He said any regulations should take this into account.

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Regulation social media Meeting Google 141

Payments Source

SEPTEMBER 29, 2017

Meetings between bank regulators and technology giants like Amazon and PayPal underscore Silicon Valley's growing involvement in the financial services arena, and may presage pursuit of a bank charter.

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Meeting Regulation Technology Google 77

PYMNTS

OCTOBER 3, 2019

Representatives from all 28 Libra backers were set to meet in Washington on Thursday (Oct. It doesn’t seem that there was a lot of pre-work done with regulators,” the source of the information told the times. A meeting is scheduled in Geneva in the middle of October for everyone to formally voice their participation in the project.

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Meeting Regulation Washington cryptocurrency 152

Chris Skinner

OCTOBER 26, 2017

I’m running around the different areas of #Money2020, meeting folks, seeing exhibit demos, hearing track streams and listening to plenary keynotes. The major stream that … The post Regulating the blockchain: good for government, bad for citizens appeared first on Chris Skinner's blog.

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blockchain Regulation Meeting 244

PYMNTS

SEPTEMBER 22, 2020

The meeting is seen as among the last steps before commencing the court action. and other tech companies have been facing backlash from lawmakers and regulators around the globe. The newspaper reported the DOJ lawyers plan to brief the nation’s state attorneys general Wednesday (Sept. A DOJ spokeswoman declined to comment.

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PYMNTS

NOVEMBER 26, 2019

Regulation is perhaps the strongest driver of Lithuania’s FinTech-friendly environment. For traditional banks, compliance experts agree that it’s all about data — and the ability to share information with regulators. Lithuania wants to become a global FinTech powerhouse. Resuming Operations. The Downside of Success.

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Compliance Regulation Fintech Resources 182

CFPB Monitor

JUNE 1, 2022

The California Privacy Protection Agency (“CPPA”) scheduled a Board Meeting for June 8 th , in which it will be discussing and possibly taking action with regard to the much anticipated CPRA enforcing regulations. To facilitate this discussion, the CPPA included a draft of the proposed regulations as part of the meeting records.

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California Regulation Meeting Operations 78

PYMNTS

NOVEMBER 18, 2020

But McCarthy added that like financial services, healthcare is a highly regulated, compliance-driven business. So, every innovation is only as good as its ability to better the consumer journey while staying within the lines laid down by regulators. He said that’s certainly not easy, but not outside technology’s ability.

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Meeting Payments Cards System 312

Bank Innovation

NOVEMBER 14, 2017

Innovation in this highly regulated field is necessary, and even giants are rising to the challenge and trying to get more customer-friendly, agile or at least aligned to the new standards set by start-ups. The finance landscape is witnessing some significant changes and disruptions due to fintech companies, blockchain technology, and AI.

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Innovation Meeting blockchain Regulation 284

PYMNTS

APRIL 16, 2019

Congress has unveiled new legislation to meet the growing security concerns around IoT, by introducing a bill that mandates a continually updated list of best security practices for government-issued IoT devices. Another recently introduced piece of legislation aims to protect individuals by regulating facial-recognition cameras.

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Regulation Data Nevada blockchain 204

Chris Skinner

JANUARY 30, 2017

I recently spent a day in a meeting discussing Governance, Risk and Compliance (GRC) … yawn. In fact, what gets me is that regulations are the big ticket barrier to change in banking. Well, it is a bit of a dull area, but highly important.

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Regulation Compliance Meeting 150

PYMNTS

JANUARY 25, 2021

Last week marked the third anniversary of PSD2 , the regulation that launched open banking in the U.K. and Europe. And those three years have given rise to a slew of new companies capitalizing on that initiative all over the world, as well as established companies making their mark.

Online 300

Online Meeting Payments Cards 300

Chris Skinner

JUNE 2, 2016

So I just attended a really interesting two day meeting that covered all things blockchain, regulations, innovation and more. The Regulatory Sandbox was announced at … The post Regulations, Innovations, Sandboxes and #RegTech appeared first on Chris Skinner's blog.

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Regulation Innovation blockchain Meeting 150

PYMNTS

JANUARY 21, 2019

21) by a French regulator, in what the Wall Street Journal reported is the largest penalty under the new European General Data Protection Regulation (GDPR) privacy law. It’s also one of the highest-profile regulator actions coming from GDPR which went into effect last year. Alphabet Inc.’s

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Google Regulation National Data 190

Chris Skinner

JANUARY 20, 2017

The discussion was our regular New Year kick-off meeting with special guest David Doyle, sage of all EU regulations affecting Financial Services. David provided us with great insight into the … The post EU priorities for financial services regulations, 2017 appeared first on Chris Skinner's blog.

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Regulation Meeting US Payments 150

PYMNTS

DECEMBER 18, 2019

The United Kingdom will create a technology regulator next year after Brexit is completed, according to a report by the Financial Times. There is an emerging international consensus around the scope of new regulation. Members of BEIS have been meeting with lawyers and different academics to determine how the regulator will operate.

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Regulation Google Policies Meeting 134

PYMNTS

JULY 6, 2020

While much of the legal framework has come from European Union (EU) regulators, it is a loose alliance of financial institutions (FIs), heavy-duty tech players and nimble FinTechs making breakthroughs.

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Meeting Payments Software Data 190

PYMNTS

JUNE 20, 2019

Powell also said that regulators have jurisdiction to enforce anti-money laundering regulations on business that operate within the digital sphere. “We It isn’t always easy for regulators to deal with cryptocurrencies, which don’t necessarily adhere to rules written before they came into existence. Cowen & Co.

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Regulation cryptocurrency System Bitcoin 168

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

PYMNTS

JANUARY 27, 2020

Regulators are looking into a possible merger between Dean Foods and Dairy Farmers of America (DFA) and its potential antitrust implications for the industry, according to a report by The Wall Street Journal.

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PYMNTS

FEBRUARY 18, 2019

Facebook , which has been under fire for months over data scandals, expressed openness to new regulation. According to a report in Reuters citing Facebook’s public policy manager Karim Palant, the executive said the social media giant is “open to meaningful regulation.” His comments came following calls by lawmakers in the U.K.

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Regulation social media Company Google 134

Abrigo

DECEMBER 5, 2023

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?

Training 221

Training Compliance Regulation Software 221

PYMNTS

APRIL 29, 2020

The National Restaurant Association (NRA) said regulations for the federal Paycheck Protection Program’s ( PPP ) forgivable loans don’t meet the needs of eateries, given that many remain closed and the money must be spent within eight weeks. “As Small Business Association’s (SBA) bailout program, the Financial Times reported. .

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Meeting Pennsylvania US New York 150