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.

Compliance 182

Compliance Regulation Fintech Resources 182

Perficient

OCTOBER 27, 2022

In addition, the regulators are trying to keep as many resolution options as possible open for the FDIC to resolve a firm in a way that minimizes the long-term risk to the Deposit Insurance Fund (DIF). The required long-term debt could be imposed not only on Category I but also on Category II and III bank organizations.

Capital 275

Capital Regulation FDIC Regional 275

Banking Exchange

DECEMBER 5, 2019

The bank is still under fire by regulators due to issues surrounding incentives Community Banking Human Resources Feature Feature3.

Resources 78

Resources Community Bank Community Regulation 78

PYMNTS

AUGUST 6, 2020

Corporates crave fast payments from banks, but financial institution (FI) payments are often hamstrung by regulations and cross-border frictions that FinTechs do not face. For more on these and other payments modernization news items, download this month’s Tracker. How Customer Expectations Have Driven Payments Innovation. About The Tracker.

Regulation 245

Regulation Payments Innovation Fintech 245

PYMNTS

MARCH 31, 2019

Facebook CEO Mark Zuckerberg wrote an opinion piece in The Washington Post calling on regulators to take a “more active role” in making rules for how to police the internet, according to reports. “By By teaming up, states can share the resources and information.

Regulation 151

Regulation Louisiana social media Washington 151

PYMNTS

MAY 29, 2019

Reports in Reuters on Tuesday (May 28) said UBS expects its regulatory costs to remain high in the years ahead after a decade of more stringent regulations leading to heavier, more costly burdens on banks. “That has tied up enormous resources.” “Why is this so significant? .”

Regulation 108

Regulation Compliance Capital Resources 108

PYMNTS

OCTOBER 7, 2019

Merchants in the European Union (EU) are still wondering exactly what changes the regulation will bring when it comes to their relationships with customers. Regulators in many EU countries have their own thoughts on SCA and how long it will take merchants to prepare. Around the PSD2 and GDPR world. About the Tracker.

Regulation 134

Regulation Trends Compliance National 134

Abrigo

FEBRUARY 6, 2024

A common mistake is underestimating the resources and expertise required to maintain a successful program. In developing an appropriate strategy , credit unions should analyze the various plausible approaches they may take given their personnel, operational, and financial resources. Takeaway 2 Start slow.

Lending 221

Lending How To Risk Management Policies 221

Abrigo

FEBRUARY 11, 2022

With the resources available and the rationale for the standard intact, a majority of board members agreed, the deferral was unnecessary, would only delay the inevitable, and create more uncertainty when it came to implementing changes. . Stay up to date with the latest CECL resources. CECL Regulation. CECL Regulation.

Resources 195

Resources Regulation Community Bank Community 195

Abrigo

OCTOBER 16, 2023

You might also like this resource: "Building a strong future: Succession planning strategies for you AML program." A gap institution is a financial institution that does not have a federal functioning regulator, such as a state-chartered credit union. Resources for financial crime training can be limited. FinCEN assessed a $1.5

Training 221

Training Compliance Fraud Policies 221

PYMNTS

DECEMBER 19, 2018

securities regulator is having trouble with rating agencies because it doesn’t have the tools or specific knowledge it needs to analyze huge amounts of rating data, according to a report from Reuters. Kimberly Earle, a former team leader at DERA, said there are many unanswered questions about the directive.

Regulation 128

Regulation Data Analysis Compliance 128

Abrigo

MAY 10, 2022

Takeaway 3 Follow your regulator's instructions and reference the most recent regulatory SAR guidance. Financial institution resources are valuable, and you want to be sure to make a significant impact on each suspicious activity case. Always follow your regulator's guidance and instructions. BSA Rules and Regulation.

Regulation 370

Regulation Fraud Resources Software 370

Abrigo

FEBRUARY 14, 2024

What tasks are required per regulations? We can help you navigate changing AML/CFT and fraud regulations. It helps financial institutions avoid or at least plan for financial impacts tied to sudden staffing shifts. Identify crucial AML staff positions and processes What tasks are critical to daily operations?

Training 195

Training Fraud Compliance Regulation 195

Abrigo

DECEMBER 5, 2023

You might also like this resource: "Building a strong future: Succession planning strategies for you AML program." BSA Officer Good vs. great Expertise in BSA/AML regulations: A deep and thorough understanding of the Bank Secrecy Act and other related regulations is non-negotiable. Good BSA Officer can be hard to find.

Training 221

Training Compliance Regulation Software 221

CFPB Monitor

JANUARY 12, 2017

As we have previously discussed , on October 15, 2015, the Consumer Financial Protection Bureau (CFPB) released a final rule amending Regulation C, which implements the Home Mortgage Disclosure Act (HMDA), requiring certain data on mortgage applications and loans to be collected in 2017 by “Covered Institutions.”

Resources 60

Resources Data Regulation Tools 60

PYMNTS

DECEMBER 13, 2018

CUs are also actively communicating with law enforcement agencies, keeping regulators informed about suspicious activity, while receiving tips on noticeable trends that these same agencies are eyeing. Recently, though, many CUs have turned to technology-driven solutions to help members more efficiently communicate their needs and feedback.

Regulation 135

Regulation South Dakota ATM New York City 135

Abrigo

OCTOBER 16, 2023

You might also like this resource: "Building a strong future: Succession planning strategies for you AML program." A gap institution is a financial institution that does not have a federal functioning regulator, such as a state-chartered credit union. Resources for financial crime training can be limited. FinCEN assessed a $1.5

Training 195

Training Compliance Fraud Policies 195

Independent Banker

JULY 30, 2015

ICBA has a broad reach with lawmakers, regulators and policy-setting boards to ensure that the community bank voice is injected into every policy debate. The association designed the website to be a member’s primary source for community bank advocacy information and resources. Be Heard Website. ICBA NewsWatch Today.

Resources 70

Resources Tools Washington Community Bank 70

Perficient

MARCH 16, 2023

At Perficient, having the experience of delivering over 40 successful client remediation projects over the last 10+ years, we believe clients can obtain significantly more value across the client remediation action plan by: Front loading time-consuming tasks through dedicated sub-teams, rather than executing them sequentially in the process.

Analysis 275

Analysis Resources How To Regulation 275

Perficient

DECEMBER 27, 2023

Once published by regulators, Perficient’s Risk and Regulatory CoE will be here to walk our clients through the changes. YOU MAY ENJOY: Regulatory Reporting in Financial Services Modernizing CRA Regulations Managing compliance risk frameworks in alignment with existing risk profiles is crucial as customer needs evolve.

Compliance 221

Compliance FDIC Regulation Fraud 221

Abrigo

DECEMBER 28, 2022

You might also like this list of the year's top resources for FinCrime professionals. Abrigo's most popular financial crime blogs over the last 12 months cover topics that continue to catch the attention of professionals and regulators. A lack of understanding, in turn, can affect much-needed resources.

Fraud 195

Fraud Training Compliance Regulation 195

CFPB Monitor

JULY 22, 2016

As we have reported , the Consumer Financial Protection Bureau (CFPB) released a final rule amending Regulation C, which implements the Home Mortgage Disclosure Act (HMDA), requiring “Covered Institutions” to report certain information about mortgage applications and loans in efforts to create transparency in the mortgage lending process.

Resources 60

Resources Data Lending Regulation 60

Abrigo

JUNE 10, 2020

Adequately staffed and risk-focused AML resources with good documentation are critical. Adequate, risk-focused AML resources are critical. Get adequate resources. The regulators don’t care what your budget is,” Luttrell says. Focus BSA/AML resources on risk. The recent $450,000 fine of U.S.

Resources 195

Resources Regulation Compliance Policies 195

Abrigo

JANUARY 8, 2016

In addition to the challenges tied to staffing, training and time allocation, however, government auditors also described industry participants’ concerns about potential “trickle-down effects” on smaller institutions as a result of current or future regulations aimed at larger banking institutions.

Regulation 150

Regulation FDIC Survey Community Bank 150

PYMNTS

JANUARY 18, 2018

The regulatory pressures on banks is not only fierce, it’s also continually changing, forcing financial institutions (FIs) to invest vast resources to stay on top of evolving rules. But according to a new report from EY, it would be unfair to say that regulation is the only driving force behind large banks’ changing market strategies.

Regulation 156

Regulation Innovation Fintech Marketing 156

Perficient

JUNE 30, 2022

Members of Perficient’s Digital Asset Team have advised followers in multiple online articles about the digital asset revolution and relevant regulations affecting the same in the United States. Highlights From Federal Bank Regulators’ Joint Statement on Cryptocurrency Assets – Perficient Blogs.

cryptocurrency 472

cryptocurrency Regulation Conference Taxes 472

CFPB Monitor

OCTOBER 4, 2021

The CFPB’s earlier attempt to regulate consumer arbitration took five years and was ultimately unsuccessful, in large part because its 728-page empirical study of consumer arbitration, completed in March 2015, showed that arbitration is faster and less expensive than class action litigation and results in greater recoveries for consumers.

Regulation 78

Regulation Study Resources Data 78

The Paypers

DECEMBER 1, 2023

The Australian government has announced a delay on its BNPL laws until 2024, due to resourcing pressures on the federal government’s legislative drafting teams.

Regulation 36

Regulation Resources 36

PYMNTS

NOVEMBER 10, 2017

Regulators in the U.K. According to the news report – citing Catherine McGuinness, the City of London’s financial district’s policy chief – Britain must examine how it will regulate banks, insurance firms and asset management firms after Brexit takes place in March of 2019. During a speech, McGuinness said that U.K.

Regulation 103

Regulation Resources America Policies 103

Abrigo

JULY 11, 2017

As regulatory bodies, such as the CFBP begin to apply more scrutiny to small business lending, it will be imperative for banks and credit unions to ensure that they have the processes and technologies in place to collect and report borrower data as required by regulators.

Regulation 150

Regulation Memphis Tennessee Lending 150

Abrigo

JUNE 14, 2021

While there is no one-size-fits-all, the guidance states that a holistic top to bottom review is necessary to identify areas where to use valuable resources to mitigate those risks. Common root causes include: Lack of a formal OFAC SCP Misinterpretation or failure to understand OFAC regulations Facilitating transactions by non-U.S.

Compliance 370

Compliance Training Resources Policies 370

Abrigo

AUGUST 7, 2023

Takeaway 3 Enlisting alternative staffing resources and investing in AML software that reduces manual labor are two additional strategies to ease staffing changes. By performing a thorough staffing assessment of your AML and fraud teams, you understand the resource needs to meet all quality and regulatory expectations.

Training 195

Training Fraud Leadership Resources 195

Abrigo

OCTOBER 19, 2023

Launched to provide resources Cybersecurity Awareness Month was launched in 2004 by the National Cybersecurity Alliance (NCA) and the U.S. Department of Homeland Security (DHS) as a collaborative effort between government and industry to ensure every American has the resources they need to protect themselves from cyber threats.

Online 221

Online Security Resources Training 221

PYMNTS

NOVEMBER 3, 2020

The Shanghai Stock Exchange is reportedly delaying Ant Group’s record initial public offering (IPO) following Jack Ma’s meeting with Chinese regulators, during which he said Ant Group was a tech company, not a bank. Ant IPO Postponed by Shanghai Stock Exchange. Amazon, Apple Headed for $100B Q4.

Groups 137

Groups Regulation social media Apple 137

SWBC's LenderHub

JUNE 23, 2016

In recent years, the collections industry has seen a surge of new and revised regulations from federal and state legislators seeking to limit the scope and character of outbound call efforts. This has placed a significant burden on financial institutions who must collect on delinquent accounts.

Regulation 87

Regulation Training Resources Software 87

Perficient

DECEMBER 14, 2020

Cloud technologies have changed the way that enterprises deploy and integrate services, saving time and resources, and allowing them to hyperscale their services. Instead of relying on on-premises infrastructure to backup workloads, a cloud disaster recovery plan backs up data, applications, and other resources to the cloud.

Technology 348

Technology Trends Software Resources 348

PYMNTS

DECEMBER 4, 2019

The Office of the Comptroller of the Currency (OCC) has said the Wells Fargo Human Resources (HR) department has a rash of problems, including a backlog of employee complaints, a poor system for pulling back executive pay in the face of punishments and a lack of ability to deal with the types of issues that led to the bank’s 2016 fabricated account (..)

Regulation 130

Regulation Resources System Operations 130