PYMNTS

AUGUST 25, 2016

Though small businesses have suffered from a gap in financing availability post-2008, the demographic continues to shape the financial markets. But Clearinghouse CDFI can also offer interesting insight into the state of regulation of small business lending and how greater oversight may impact the SMEs that prop up their local communities.

Regulation 100

Regulation Lending Community California 100

Jeff For Banks

NOVEMBER 24, 2019

September 1st, 1999, regulators from the Federal Deposit Insurance Corp, at the behest of the Office of the Comptroller of the Currency, descended on a small coal mining town in Keystone, West Virginia. Clearly, blue-suit regulators stood out. The bank, First National Bank of Keystone, was $1.1 That was Church and Cherry.

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National West Virginia Virginia Pennsylvania 78

PYMNTS

FEBRUARY 4, 2019

A series of regulations was established to encourage a safer, more transparent financial services environment following the 2008 financial crisis. Money laundering remains a significant problem in the financial services sector, though, despite the urgency brought about by 2008. A DIY Approach To AML/KYC.

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How To Regulation Compliance Meeting 161

PYMNTS

OCTOBER 1, 2019

30), Reuters reported , noting that the company is struggling to overcome “collateral damage” resulting from a slowing national economic and a broader “crisis,” the publication said, in India’s lending sector. Since their highest level in January 2008, reports said, shares have lost about 99 percent of their value. “It

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Capital Lending Regulation Operations 109

PYMNTS

JUNE 26, 2018

Accountants with small business customers facing regulatory compliance or enforcement issues will be able to seamlessly direct those clients to the SBA ’s Office of the National Ombudsman (ONO), which helps to resolve those matters. The SBA and AICPA have been working together since 2008, the entities noted.

Groups 101

Groups National Compliance Lending 101

PYMNTS

NOVEMBER 5, 2018

Roughly a decade on, is it time to remove some of the rules governing the financial sector that took shape in the aftermath of the Financial Crisis of 2008? To that end, the Federal Reserve proposed last week that some rules be relaxed for 16 financial institutions — though the largest banks in the country are not among them. PSD2 News, Too.

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Regulation Guidelines New York Groups 128

PYMNTS

FEBRUARY 3, 2019

Australia’s competition regulator is going after the banking industry in the country, vowing to punish what it claims is misconduct, reported The Financial Times. He noted that regulators shouldn’t have allowed Westpac to merge with St George Bank back in 2008, reported The Financial Times.

Regulation 101

Regulation Fintech Study Industry 101

PYMNTS

NOVEMBER 28, 2017

comptroller of the currency on Monday to serve as the leading regulator of national banks. He was most recently chief executive officer of OneWest, the California lender started by Mnuchin after the 2008 housing crisis. Joseph Otting was sworn in as U.S. and Wells Fargo. Bank and Union Bank.

California 100

California Regulation America National 100

PYMNTS

SEPTEMBER 21, 2020

Bankia and CaixaBank recently said that they are combining in an arrangement that, if given the green light by shareholders and regulators, would make the biggest financial institution in the country. The entity formed by the combination would maintain the name of CaixaBank and be bigger than the nation’s current biggest bank, Santander.

Payments 141

Payments Groups National Regulation 141

Perficient

MARCH 10, 2021

” SNC (pronounced like the candy bar but without the “ers”) stands for the Shared National Credit Program, which, since 1977, has assessed risk in the largest and most complex credits shared by multiple regulated financial institutions. Loan reviews are completed in the first and third calendar quarters each year.

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National Regulation FDIC Retail 309

PYMNTS

MARCH 22, 2019

The country’s national Aadhaar system has already issued unique 12-digit ID numbers to more than 1 billion residents since its launch in 2008, a figure that includes almost the entire Indian population. Such frictions could disrupt transactions between merchants and returning customers using new devices. .

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National User Experience Cards Data 150

BankUnderground

JUNE 29, 2023

Each of these episodes also raised questions about the impact of the extensive post-2008 regulatory reforms. Had stricter regulations on banks shifted vulnerabilities to other financial institutions in ways that created new systemic risks? This evidence also helps set priorities for the next phase of financial regulations.

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Policies Regulation US Analysis 77

PYMNTS

MAY 25, 2016

regulators suggesting that lenders do not finance corporations with an already hefty debt load. financial regulators. “Regulators don’t make our loan decision for us,” said Wells Head of Corporate and Commercial Banking and Treasury Management Perry Pelos. “We have certain processes. ”

Lending 100

Lending Regulation America US 100

Independent Banker

FEBRUARY 28, 2023

So, he joined a training program at what was then Citizens & Southern National Bank, once the largest bank in the southeastern U.S., I got a job with First National Bank of Griffin, and I’ve been a community banker ever since.” During that time, he took the community bank through the Great Recession of 2008–09.

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Community Community Bank Georgia San Antonio 172

PYMNTS

APRIL 14, 2020

The gig economy is set to expand and take on new importance as the nation and world recover from COVID-19. As is the case today, albeit on a far smaller scale, the market crash of 2008 left millions unemployed and scrambling. While there is no roadmap at present, fortunately, there are pathways.

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Millennials Compliance Payments National 224

Abrigo

MARCH 6, 2015

March comes in like a lion for the nation’s largest banks. During examination time, regulators are increasingly looking at a bank’s stress testing processes and resulting capital plans. Stress testing becomes particularly relevant following Basel III coming into effect in January. ” Blog Bank'

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Risk Management Capital Community Bank Regulation 150

PYMNTS

APRIL 17, 2020

It may sound like 2008 all over again, but this is different. Expect more ironies small and large as the nation at long last recognizes gig workers. Payments have to be more frequent.”. Platforms and Partners . Even as tens of millions contend with unemployment, gig workers are increasingly seen as central to the recovery effort.

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Taxes Maine Policies Payments 143

PYMNTS

MAY 12, 2016

office in London, revealed that back in 2008 secretive techniques and services were being offered to clients that would allow them to conceal assets. According to FT , no public or private action was taken against the bank by regulators after the information was disclosed. But as the FT’s reports showed, U.K.

Taxes 100

Taxes Fraud Regulation New York 100

PYMNTS

NOVEMBER 9, 2016

Royal Bank of Scotland has been in hot water with regulators for years following allegations that the U.K. bank profited by pushing its small business clients into its Global Restructuring Group (GRG), allegedly imposing high fees and often forcing those SMEs into financial ruin.

Regulation 138

Regulation National Groups Report 138

Abrigo

AUGUST 26, 2015

“… it’s not 2008.”. This is the sentiment of several high-profile executives regarding the National Credit Union Administration’s (NCUA) stance on examination cycles for credit unions. This followed further transparency of the NCUA’s budget, which noted $6.39 million allocated to examiner airfare and auto rentals.

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Survey Community National Community Bank 150

Abrigo

DECEMBER 14, 2014

Many would point to imprudent lending standards as a leading cause of the financial crisis of 2008, and in turn, financial institution regulators have since bolstered lending standards and capital thresholds as a preventive measure against a similar crisis.

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Guidelines Payments Lending Capital 223

PYMNTS

JANUARY 29, 2018

The global financial crisis in 2008 was, in many ways, a catalyst to this innovation, especially in the area of small business (SMB) finance, as banks pulled their services away from SMBs and FinTechs stepped in to offer another option. despite a flurry of concerns over regulations, economic development and more.

Lending 116

Lending Florida Report Community Bank 116

PYMNTS

JUNE 6, 2019

Waste is becoming ever more of a vice, especially among younger consumers, and now regulators. By 2023, manufacturers and retailers will have to donate, reuse or recycle the goods” under a program that the French prime minister called the first of its kind from any national government. Amazon’s Role.

Retail 146

Retail New York Online Trends 146

Abrigo

AUGUST 5, 2020

Key Takeaways This recession is significantly different than the 2008 financial crisis, creating a unique credit environment for financial institutions. is officially in a recession, according to the National Bureau of Economic Research. The national effects remain opaque and will continue to change – do not get complacent.

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Management Risk Management Trends Industry 195

PYMNTS

JULY 2, 2018

Banks spent $100 billion on RegTech solutions last year, and $6 billion has been invested by venture capitalists since 2008. Third, the growth of digital environments and channels is flattening the global ecosystem, which makes international players subject to more jurisdictional laws, including nation-specific AML rules. Why RegTech?

Compliance 109

Compliance Regulation Meeting Strategy 109

CFPB Monitor

JANUARY 12, 2021

The Taskforce was charged with examining the existing legal and regulatory environment for consumers and financial services providers and making recommendations to the Bureau’s leadership for improving consumer financial laws and regulations. The report consists of two volumes. Equal access to credit.

Report 78

Report Regulation Policies Compliance 78

Abrigo

AUGUST 6, 2019

Blanco discussed the organization’s active approach toward addressing the top financial threats to our financial system, our national security, and our communities and families. FinCEN is committed to addressing compliance failures that put our financial system and national security at risk.

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System Las Vegas San Antonio San Diego 264

PYMNTS

APRIL 14, 2017

Bitcoin’s come a long way since its infancy in 2008. The goal is to propose new regulations for the nation of 1.2 At the time of writing, one bitcoin was equivalent to $1,174.45, down 3.46 percent from Wednesday’s close and trending downward still. billion with respect to treatment of digital currencies.

Bitcoin 106

Bitcoin National Report California 106

PYMNTS

JULY 28, 2016

His co-conspirator is Nazer A-Shekh Mosa aka Mohammed Hasan Haidar, a Syrian national. The more pessimistic International Chamber of Commerce clocked that figure in at $650 billion in 2008 — and estimated that by 2015 that value would have swelled to $1.7 The alleged criminal also sold $150,000 in fake euros. A third, U.S.-based

New York 100

New York National Groups System 100

CFPB Monitor

JANUARY 19, 2015

Section 342 of Dodd-Frank directs each of the federal financial regulatory agencies to create an Office of Minority and Women Inclusion (OMWI) to oversee diversity efforts at the agencies, and further, to develop standards for assessing diversity policies and practices at regulated financial entities.

FDIC 60

FDIC Report Policies Regulation 60

Lex Sokolin

JANUARY 14, 2021

But regardless of all that, $1 trillion of value has indeed materialized and grown on blockchain-based financial networks since 2008. American financial regulation is an alphabet soup, and has grown out of politics and crises. Targeting banks and money services businesses allows for jurisdiction and regulation of the choke points (i.e.,

America 52

America Wyoming National Capital 52

Lex Sokolin

JANUARY 14, 2021

But regardless of all that, $1 trillion of value has indeed materialized and grown on blockchain-based financial networks since 2008. American financial regulation is an alphabet soup, and has grown out of politics and crises. Targeting banks and money services businesses allows for jurisdiction and regulation of the choke points (i.e.,

America 52

America Wyoming National Capital 52

PYMNTS

FEBRUARY 9, 2017

It wasn’t too long ago that the country’s economy was growing quickly, with Brazil’s GDP rising by more than 3 percent every year between 1999 and 2008. Proprietary data analysis focuses on the past, present and future of nations on the rise in the world of payments. Can Brazil return to its booming business days of yesteryear?

Report 100

Report Analysis Google National 100

FICO

MARCH 30, 2020

I think there are more similarities with the 2008 financial crash than we think. The global financial crises of 2008. Two years post 2008 that period of return to financial good had reduced to nine months. So, let's look at some of the learnings that will help tackle some of the challenges around debt collection and COVID-19.

US 81

US Strategy Policies Data 81

American Banker

APRIL 22, 2016

Wall Street's Pay Crackdown: Regulators have put forth a proposal to revamp how bankers are paid, a long awaited response following the 2008 financial crisis. Receiving Wide Coverage. Caught firmly in the crosshairs of the newly proposed rules are bonuses.

Regulation 28

Regulation Regional National 28

BankUnderground

JUNE 27, 2023

In this post I show that historically there have been large differences in how an interest rate shock affects prices in different areas of the country, even though interest rates are determined nationally. House prices respond more to interest rates in areas with more restrictive housing supply, like London and the South East of England.

Regional 92

Regional Policies US Study 92

Banking 2020

NOVEMBER 17, 2014

That refers to the perfect storm that drenched the entire system faced in 2008, and the occasional downpours specific institutions have faced since then. regulators have already put in place similar strictures for the eight largest (you might say systemically important) banks. More to the point, U.S. Even the U.S.

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System Taxes Course Regulation 70