Abrigo

JANUARY 3, 2024

Treasury’s Financial Crimes Enforcement Network (FinCEN) recently issued a new regulation on the requirements, including how AML staff will access the information through a new federal beneficial ownership information (BOI) registry. This is in line with the current CDD regulations. Effective Jan. More is expected on this later.

Fraud 221

Fraud Regulation Report Compliance 221

Abrigo

DECEMBER 8, 2021

Takeaway 3 Set an agenda for the BSA/AML board training, covering topics like board expectations and suspicious activity reports. The following topic points can help your financial institution guide discussions and create a customized board training. Board Training. Should BSA/AML board training be in person or online? Agenda Ideas.

Training 195

Training Resources Video Compliance 195

Abrigo

JANUARY 27, 2020

Abrigo’s ThinkBIG: Fighting Financial Crime conference is a two-and-a-half-day event focused on the Bank Secrecy Act (BSA) and anti-money laundering (AML) hot topics with an extra focus on catching and stopping fraudulent activity. Learn about industry hot topics from the people who live it every day. BSA Rules and Regulation.

Conference 195

Conference Austin Fraud America 195

PYMNTS

JULY 17, 2018

Now, a new legislative battle is waging in the state of Georgia. Reports in Online Athens on Monday (July 16) highlighted the Georgia General Assembly’s passage of legislation that bans insurance providers from requiring medical service practitioners to accept virtual cards without another option of receiving payment.

Cards 100

Cards Georgia Alabama New York 100

CFPB Monitor

JULY 7, 2022

Also, its legislative history refers to the Bureau’s antidiscrimination authority in the context of ECOA and HMDA, while referring to the Bureau’s UDAAP authority separately. The CFPB’s action is subject to judicial review because it constitutes final agency action – a legislative rule – that is invalid, both substantively and procedurally.

Groups 145

Groups West Virginia Policies Virginia 145

PYMNTS

JUNE 19, 2019

In the June Credit Union Tracker™ , PYMNTS explores the latest developments in the CU space, including analytics innovations, new partnerships and upcoming legislation that could help — or hinder — the CU industry. A recent PYMNTS study found that 35 percent of CUs have made data analytics investments over the past three years.

Analytics 131

Analytics Video blockchain Training 131

PYMNTS

JULY 3, 2019

David Marcus ’ post, titled “Libra, 2 weeks in,” covers a range of topics, especially financial inclusion. The co-creator of Facebook’s recently announced cryptocurrency, Libra , said the currency was created to help the unbanked population easily access the financial system, according to a Facebook post he wrote on Wednesday (July 3).

cryptocurrency 108

cryptocurrency System Regulation Security 108

PYMNTS

FEBRUARY 21, 2018

It’s surprisingly common for the information settlement mechanism like SWIFT to be on a separate ledger from the payment settlement mechanism, which is the system more likely to be scrutinized by the bank’s internal controls, as well as the various audits, including inspection by regulators.”. “In Saudi Arabia. United States.

blockchain 130

blockchain Los Angeles Regulation Oregon 130

CFPB Monitor

JANUARY 7, 2019

Alan is one of just 65 authors from around the country to receive the award, which recognizes contributors for their reporting of complex legislative and litigation news, as well as their strategic insight and overall knowledge of the legal industry. We certainly hope that our readers will agree.

Leadership 60

Leadership National Lending Industry 60

PYMNTS

MARCH 26, 2018

The red tape of regulation. These are all common reasons why a small business owner may struggle to grow their company, and the latest analysis on the topic certainly points to these factors as having an impact on SMB growth across the world. A lack of access to capital. The burden of administrative tasks. 15 percent of U.K.

Survey 193

Survey Regional Capital Data 193

Independent Banker

DECEMBER 31, 2019

If you’d like to dive deeper into emerging topics in financial services, Community Banker University offers education on some of the year’s most pressing subjects. And to make a difference in regulation and legislation, our Be Heard grassroots action center offers the latest tools to make sure your voice is amplified.

Community Bank 125

Community Bank Community Washington Tools 125

PYMNTS

NOVEMBER 25, 2019

In the November Credit Union Tracker , PYMNTS explores the latest in the world of CUs, including new Congressional regulations, partnerships between CUSOs and technology providers, and the new generation of cybersecurity threats. Another CU issue currently awaiting federal regulation is legalized marijuana. About the Tracker.

Alaska 154

Alaska Hawaii California Analytics 154

CFPB Monitor

JUNE 29, 2022

The rule’s narrow reading of those provisions appears intended to encourage and support state legislative efforts to enact laws targeting credit reporting issues of concern to the CFPB, such as the reporting of medical debt. Another area for possible state regulation identified by the CFPB is the reporting of rental information (e.g.

Regulation 78

Regulation Report Examples 78

CFPB Monitor

JULY 14, 2022

The request for comment poses five core questions, each with multiple subparts, on a spectrum of topics of great complexity. On July 8, with limited fanfare, the Department of Treasury issued a request for public comment regarding the March 9, 2022 Executive Order entitled “Ensuring Responsible Innovation in Digital Assets” (the “Order”).

United States 78

United States Leadership Policies Regulation 78

PYMNTS

JANUARY 19, 2018

explores how to approach the topic, there is another jurisdiction in which the late payments fight is heating up: Australia. In its final report on Payment Times and Practices , the ASBFEO recommended legislative action to promote fair payment terms, along with the adoption of digital payment technologies to accelerate supplier payments.

Payments 101

Payments Regulation Report Industry 101

PYMNTS

MARCH 16, 2016

Although the CFPB has claimed, in many cases, that it allows many smaller banks and credit unions to be exempt from many of the regulations, the congressional members have expressed fear that the bureau may not be doing enough to ensure those smaller financial institution aren’t unnecessarily regulated.

Community Bank 100

Community Bank Community CA Regulation 100

PYMNTS

MAY 22, 2018

A bill that would give regional banks a break on regulation was before the U.S. House of Representatives on Tuesday (May 22), with observers saying it was almost certain the changes would make it through the legislative body. The Economic Growth, Regulatory Relief, and Consumer Protection Act , S.

Regulation 100

Regulation Regional Community Community Bank 100

FICO

JANUARY 25, 2021

I will define it here for financial services and regulated companies as the business strategy and processes by which an organization establishes who a customer is and ensures that activity on their accounts is carried out by them. Customer identity management is a term that is subject to a number of definitions.

Management 98

Management Fraud Customer Experience Compliance 98

FICO

SEPTEMBER 9, 2021

In the United States, a customer must opt-in to this service for debit and ATM card transactions (required by the 2010 update to Regulation E) and a flat fee is applied per the terms and conditions of the program offered by the bank. In 2014, the Bureau moved to recategorize overdraft on prepaid cards as a “credit feature” under regulation Z.

ATM 52

ATM Regulation Policies Cards 52

CFPB Monitor

APRIL 29, 2021

In addition to the Supreme Court’s potential rollback of the FTC’s § 13(b) authority, the other significant topic discussed was the protection of data privacy. This would enable the FTC to create a rule that specifies the standard by which data security is to be regulated in the absence of Congressional legislation.

United States 78

United States Data Security Fraud 78

PYMNTS

JANUARY 28, 2019

Card networks, under pressure from regulators, modified their rules in 2013 to allow merchants to surcharge – basically ending the ban – under very specific conditions and with very tight parameters for how to calculate that surcharge. But surcharging as a topic of conversation in the U.S. And then regulators are forced to backtrack.

Regulation 181

Regulation Boston Cards Innovation 181

Abrigo

OCTOBER 7, 2014

Among the topics in discussion was the continued upward trend in merger and acquisition (M&A) activity and further consolidation of the bank market as a whole. This should come as no surprise. This M&A activity, however, is by no means a recent trend.

Trends 230

Trends Capital Community Industry 230

CFPB Monitor

SEPTEMBER 3, 2019

These documents are categorized by state, license, and topic, including: virtual currency; correspondence to mortgage broker; lender and originator licensees; money transmission; mortgage underwriting and processing; third-party payment processing; mobile home lending; and mortgage servicing.

Tools 60

Tools Industry Online Resources 60

PYMNTS

JANUARY 23, 2017

Businesses face mounting risk thanks to things like geopolitical uncertainties and regulation but are also threatened by something as seemingly arbitrary as group chat platforms. But researchers questioned whether the increase is due to more breaches or simply more publicly available data on the topic.

Survey 100

Survey Taxes Groups Analysis 100

CFPB Monitor

JULY 21, 2022

FinCEN, however, does not actually conduct BSA/AML examinations of regulated businesses. For now, the amendment is obviously just proposed legislation that still would need to be accepted by the U.S. It is unclear if Congress expects FinCEN to conduct these audits.

United States 78

United States Taxes Regulation Compliance 78

PYMNTS

NOVEMBER 12, 2018

As retailers and companies in all industries have begun to look at cybersecurity as a larger priority, those in the space have passed new legislation and regulations to protect customers, the companies they do business with and the money exchanged. Skilled individuals are very hard to come by.

Fraud 148

Fraud Retail Cards System 148

Money and Payments

AUGUST 14, 2023

Simply put, the European legislator decided upon promulgating a regulation that obliges future virtual asset providers to broadcast personal data for all transactions along in the international value chain for reasons of preventing money laundering and terrorist finance. Blog may be adapted over time by the way.

Regulation 36

Regulation Data Maine Operations 36

Money and Payments

AUGUST 8, 2023

Simply put, the European legislator decided upon promulgating a regulation that obliges future virtual asset providers to broadcast personal data for all transactions along in the international value chain for reasons of preventing money laundering and terrorist finance. Where can I find this requirement in the EU regulation?

Regulation 36

Regulation Data Maine Operations 36

Independent Banker

OCTOBER 1, 2022

Data privacy and security is a hot topic and is only getting hotter. Community bank customers can be at ease knowing that community banks take the protection of their customers’ data very seriously, and community banks are regulated by some of the strictest data privacy laws of any sector,” Estep says. By Katie Kuehner-Hebert.

Data 91

Data How To Community Bank California 91

FICO

DECEMBER 20, 2021

The past year was one of transition in the Washington, DC policy arena as a new President, Congress and group of banking agency heads took charge of the financial legislative and regulatory policy agenda. Despite these changes, the regulators still believe that more scrutiny is needed. However, 2022 should signal a change.

Policies 52

Policies DC Regulation Industry 52

PYMNTS

OCTOBER 12, 2018

Certainly the topic is a timely one, and here we delve into why the current anti-money laundering (AML) system and standards in place are less than optimal. Financial sectors must be highly regulated, with “competent supervisory authorities, and minimal, if any, cash-based transactions.”.

Report 188

Report Course Trends Data 188

PYMNTS

JANUARY 5, 2017

We’ve been focused on applying artificial intelligence to track the world’s media, allowing businesses to monitor their competitors, regulations relevant to them, their reputation.”. Signal Media can recognize and differentiate topics and trends based on context and content — hirings, firings, IPOs.

Examples 101

Examples Data Regional Capital 101

FICO

APRIL 26, 2023

Because of the incredible growth of both RTP and scams (which is a topic I’ll address in depth in an upcoming FICO World 2023 panel discussion), banks must consider how this payments evolution is impacting customers. 23% Complaining to regulators: Nearly a quarter (23%) of consumers will complain to regulators if dissatisfied.

Survey 52

Survey Fraud Management Customer Experience 52

Insights on Business

JUNE 28, 2018

The key difference with these topics, which both play into the open banking agenda, is that they enable banks to innovate with the systems they already have in place. These objectives will be achieved by facilitating market entry for regulated non-bank players and driving increased transparency and customer protection.

System 130

System Innovation Industry Technology 130

Abrigo

DECEMBER 22, 2023

The most popular financial crime blogs in 2023 Check fraud, the SAFER Banking Act, and BSA exam topics were among Abrigo's top blogs on AML/CFT and fraud this year. Takeaway 2 New payment methods, fraud tactics, and FinCEN guidance topics were found in the top blogs for FinCrime professionals.

Fraud 221

Fraud Training Compliance Trends 221

FICO

SEPTEMBER 9, 2019

Here are some of the posts that may be of interest if you’re looking to explore the topic. GDPR and Other Regulations Demand Explainable AI. New legislation such as the General Data Protection Regulation (GDPR) is turning the deployment of xAI into a question of how, not when.

Analytics 40

Analytics Fraud Regulation Data 40

PYMNTS

JULY 30, 2020

And when pushed on the topic, he conceded that “aggregate” could mean a set of two sellers, making it fairly easy for Amazon to guess which firm’s data it’s using. Facebook CEO Mark Zuckerberg, who attracted the lion’s share of legislator attention, spent much of the hearing defending Facebook’s acquisition of Instagram.

Google 150

Google Rhode Island Apple Data 150