PYMNTS

FEBRUARY 27, 2020

Hamilton left a complaint by investors in place, which alleged that Ripple had been selling unregistered securities. The judge disagreed with the complaint by Ripple that the lawsuit wasn’t timely because it was filed five years after XRP was offered in 2013.

Oakland 151

Oakland California Fraud New York 151

PYMNTS

JANUARY 18, 2021

Gary Gensler, former head of the Commodity Futures Trading Commission under President Barack Obama, is expected to be appointed to be the commissioner of the Security and Exchange Commission (SEC), the sources told WSJ. 16), citing sources. Biden is also said to be looking at two former Obama officials to run the top antitrust job at the U.S.

Training 165

Training Policies Lending Regulation 165

PYMNTS

MARCH 18, 2019

The value of fake and counterfeit products went from $461 billion in 2013 to $509 billion in 2016. percent in 2013. Because they’re not regulated, the items can be dangerous and pose health and safety risks for consumers, which is especially true for food and medical items. That’s an increase of 3.3 percent, up from 2.5

Report 124

Report Innovation Study Security 124

PYMNTS

DECEMBER 10, 2020

Government regulators and cryptocurrency exchanges are frantically looking for ways to regulate and prevent the laundering of stolen money through cryptocurrencies, with some methods showing more promise than others. Cryptocurrency-related crimes totaled $4.3 billion in 2019, a larger sum than in 2017 and 2018 combined. or the U.S.,

cryptocurrency 222

cryptocurrency Compliance Bitcoin Regulation 222

CFPB Monitor

FEBRUARY 3, 2021

Department of Housing and Urban Development (“HUD”) to “as soon as practicable, take all steps necessary to examine the effects of” the final rule issued by HUD in September 2020 (“2020 Rule”) revising its 2013 Fair Housing Act (“FHA”) disparate impact standards (“2013 Rule”). federal district court challenging the 2013 Rule.

Massachusetts 78

Massachusetts Leadership Analysis Community 78

CFPB Monitor

JANUARY 30, 2020

Bernard will serve as Assistant Director for Regulations in the Research, Markets and Regulation Division. Before joining the Bureau, she served as the Director of the Office of Regulations and Policy in the Center for Food Safety and Applied Nutrition at the U.S. Department of Homeland Security. Department of Justice.

Regulation 78

Regulation Policies Lending Community 78

Chris Skinner

MAY 9, 2017

Here’s what they have to say: ABSTRACT European political leadership has set a world class example with recent consumer-focused legislative actions, such as PSD2 and the General Data Protection Regulation. These legislative acts foster innovation and drive both competition and choice in the market.

Fintech 303

Fintech Innovation Leadership Payments 303

PYMNTS

DECEMBER 11, 2020

AML automation is a breakthrough technology for many businesses, enabling them to be compliant with federal regulations while avoiding the tedious and expensive manual effort of inspecting every transaction for potential violations,” the Tracker states.

cryptocurrency 219

cryptocurrency Fraud blockchain Security 219

PYMNTS

NOVEMBER 21, 2019

The Silicon-based startup, launched in 2013, uses a unified application programming interface (API) to link FinTech apps with people’s bank accounts. Plaid earned its unicorn status after securing a $250 million funding round in December. Plaid says it has integrated with 15,000 banks in the U.S. and Canada. billion valuation.

Fintech 117

Fintech Regulation Google Cards 117

PYMNTS

JANUARY 9, 2020

The company has also seen pressure from Washington over the security of its technology, as all large companies in China are government-regulated. However, the tech firm has published other App Store data each January since 2013. Apple does not disclose the total amount of revenue that its App Store brings in per year.

Apple 130

Apple Washington Regulation Report 130

PYMNTS

DECEMBER 9, 2020

Developing a quick, seamless and secure onboarding process for financial institutions (FIs), lending startups and other financial services providers has long posed its trials. V-CIP’s biggest advantage is the elimination of risks associated with secure transmission and storage of documents.

Video 175

Video Capital Lending Security 175

PYMNTS

FEBRUARY 6, 2017

But the RBI’s focus to caution against the use of bitcoin seems to have more to do with security and a lack of regulation in the space. A lack of regulation in the area of bitcoin and digital currencies isn’t going unnoticed by the bank. But even then, the RBI was concerned about security.

Bitcoin 100

Bitcoin blockchain Regulation Security 100

PYMNTS

NOVEMBER 24, 2016

Everyone knows that data security is a major issue for both consumers and businesses, yet companies are not doing everything they could to prevent breaches.”. According to the Internet Society, the average cost of a data breach is now about $4 million, up 29 percent since 2013.

Security 100

Security Data Policies Report 100

PYMNTS

DECEMBER 3, 2018

According to a report in the Wall Street Journal citing cyber security specialists, the breach in which the personal information of as many as 500 million customers was exposed began in 2014, going undetected until September of 2018. A spokeswoman for Marriott said everyone involved would have preferred the incident was identified earlier.

Cyber Security 122

Cyber Security Security Cards Resources 122

PYMNTS

JANUARY 7, 2019

Government Accountability Office (GAO) said that financial regulators should look more closely at the role of non-bank tech companies in the small business (SMB) lending and consumer lending markets. Those interviewed by the GAO also said that guidelines would be of help in making sure lending is done efficiently. Sandboxes, Gathering Steam.

Lending 150

Lending Fintech Data Wyoming 150

Abrigo

AUGUST 8, 2021

Independent Loan Review Systems in Banking Banking regulators have outlined expectations for effective, independent loan review and credit risk review. . This article is substantially updated from a 2013 blog post. It also monitors compliance with applicable regulations and laws. Identifying Credit Weaknesses.

System 195

System Lending Policies Regulation 195

PYMNTS

SEPTEMBER 18, 2018

In April 2013, The WSJ reported that the anti-money laundering chief of Danske Bank asked employees in the Estonia branch about the client accounts that had been on a blacklist provided by Russia’s central bank. The email stated that Estonian authorities have repeatedly complained to the banking regulators in Denmark.

Compliance 122

Compliance Report Regulation Fraud 122

PYMNTS

APRIL 1, 2019

The company, founded in 2013, has 800 employees in three locations: Barcelona, Berlin and New York. . Some of the criticisms about the company include a suggestion by German media that the bank’s security and customer response systems have not kept up with its growth. The company was valued at $2.7

United States 140

United States New York Video Regional 140

PYMNTS

JUNE 2, 2019

Department of Justice joins other regulators in going after Google for anti-competitive behaviors. Google, Facebook, and other technology companies have been facing backlash from lawmakers and regulators around the globe. Google has already settled with the FTC back in 2013. billion.

Google 135

Google Washington Regulation Report 135

PYMNTS

SEPTEMBER 9, 2019

29 percent of small businesses spend less than $1,000 on IT security each year , data from Untangle revealed in its 2019 SMB IT Security report. SmallBizTrends reported last week that this data conflicts with Untangle’s other finding: that 80 percent of businesses surveyed agree IT security is a top priority.

Strategy 180

Strategy Security Technology Data 180

PYMNTS

DECEMBER 5, 2017

The public may learn of data breaches much more promptly if three senators get their way on a proposed Senate bill, the Data Security and Breach Notification Act, which was introduced on Thursday, Nov. million to settle claims related to its 2013 holiday season data breach, which compromised 40 million customers’ credit and debit cards.

Data 134

Data Wisconsin Connecticut Florida 134

CB Insights

OCTOBER 2, 2018

Facebook, Amazon, Microsoft, Google, and Apple (FAMGA) are doubling down on data security. Effective data security features are critical to securing this information. However, Facebook and Amazon are not the only Big Tech companies with a need to innovate in data security. The Future of Data Security.

Security 58

Security Data US Google 58

PYMNTS

SEPTEMBER 30, 2019

Market regulators in the U.S. Securities and Exchange Commission (SEC) and the U.K.’s One is from 2006 and includes reforms made after the financial crisis, and the other is from 2013 and discusses the oversight of players in the investment fund industry. and the U.K.

Policies 108

Policies Course Regulation Report 108

PYMNTS

MARCH 31, 2019

Market regulators in the United States and the U.K. The Securities and Exchange Commission and the Financial Conduct Authority (FCA) will work together to watch derivatives reporting, credit rating organizations and also fund managers. The FCA has made similar agreements with other countries around the world.

US 129

US United States Management Report 129

PYMNTS

SEPTEMBER 25, 2018

Beyond that, volume has exploded, with $284 billion extended in 2016 compared to $11 billion in 2013. Viewed from high levels, the activity itself (lending, that is), has taken off in some of the countries one might expect, marked by relatively higher incomes, and where financial regulation might be relatively less stringent.

Fintech 172

Fintech Lending United States Regulation 172

PYMNTS

JANUARY 3, 2017

peak in 2013, just weeks before the Japanese bitcoin exchange Mt. Switzerland has become a highly bitcoin-friendly nation as of late with FINMA’s plans to clarify regulation , railway ticketing systems’ recent adoption of bitcoin ATM functionality, and Ernst & Young’s Switzerland office adding a publicly accessible bitcoin ATM.

Bitcoin 126

Bitcoin ATM cryptocurrency United States 126

PYMNTS

AUGUST 30, 2019

Market regulators in the U.S. Securities and Exchange Commission (SEC) and the U.K.’s One is from 2006 and includes reforms made after the financial crisis, and the other is from 2013 and discusses oversight of players in the investment fund industry. and the U.K.

Report 108

Report Regulation Marketing Security 108

PYMNTS

NOVEMBER 1, 2016

It has already secured $3 million in backing from a number of Silicon Valley venture capitalists who are involved in the virtual currency industry. The question is whether or not regulators will like seeing so much secrecy for a currency — and what regulators frown on, banks tend to avoid.

Bitcoin 100

Bitcoin blockchain Regulation US 100

PYMNTS

SEPTEMBER 20, 2018

The regulator was prompted to reopen the investigation after Danske Bank said this week that employees of its Estonian branch didn’t conduct basic background checks on customers who lived outside the country. . The email stated that Estonian authorities have repeatedly complained to Denmark banking regulators.

Regulation 122

Regulation Compliance Capital Report 122

Abrigo

JANUARY 13, 2015

According to Palm Springs FCU President & CEO Debbi Pitigliano, the drive was provided to the NCUA and contained members’ personal information, including names, addresses and social security numbers. Target’s late 2013 breach is among the largest in recent memory, affecting over 70 million individuals.

Lending 150

Lending Regulation Data How To 150

Abrigo

JULY 23, 2021

The regulations are forthcoming, but institutions now should begin the process of performing a threat-focused risk assessment which will guide them where to focus their efforts. Both were added to OFAC’s SDN List on June 27, 2013. pertaining to human rights, and regulations barring Iran from access to the U.S. financial system.

National 195

National Training United States Regulation 195

PYMNTS

JUNE 23, 2016

Then, there are events like the Target breach, a security lapse rooted at one of the retailer’s suppliers, that resulted in millions of dollars in costs to the company. Earlier this month, FICO revealed plans to roll out a new kind of score: the Enterprise Security Score.

Security 102

Security Tools Data Marketing 102

CFPB Monitor

JULY 29, 2022

For closed-end credit, TILA and Regulation Z require creditors to disclose, before the credit is extended, clearly and conspicuously in writing, specific financing terms, including the identity of the creditor, the amount financed, the itemization of the amount financed, the finance charge, the annual percentage rate, and the payment schedule.

National 78

National Retail Regulation New York 78

PYMNTS

MAY 23, 2019

As a result, the online bank was criticized for not being diligent about security and compliance controls as it rushed to grow. Launched in 2013, N26 has secured more than $500 million in backing from investors, including Tencent Holdings and Allianz, and currently has more than 2.5 million customers.

Regional 108

Regional America Compliance Security 108

PYMNTS

OCTOBER 17, 2019

The value of fake and counterfeit products went from $461 billion in 2013 to $509 billion in 2016. percent in 2013. Because they’re not regulated, the items can pose health and safety risks for consumers, particularly for food and medical items. That’s an increase of 3.3 percent, up from 2.5

Fraud 101

Fraud Innovation Technology Mobile 101

CFPB Monitor

NOVEMBER 7, 2016

While the complaint only describes the loans as closed-end loans secured by personal property, the CFPB’s press release describes the loans as “pawn and auto title loans.” For example, Regulation Z requires the term “APR” to be described as “the cost of your credit as a yearly rate.”).

Virginia 83

Virginia Regulation Lending Examples 83

PYMNTS

OCTOBER 17, 2019

The value of fake and counterfeit products went from $461 billion in 2013 to $509 billion in 2016. percent in 2013. Because they’re not regulated, the items can pose health and safety risks for consumers, particularly for food and medical items. That’s an increase of 3.3 percent, up from 2.5

Fraud 101

Fraud Innovation Technology Mobile 101