PYMNTS

SEPTEMBER 2, 2019

3 hearing advises that system-wide governance should be established to regulate virtual asset service providers (VASPs), CoinTelegraph reported Monday (Sept. Although regulation could make it hard for some crypto firms to continue operations, Murray said it’s not the BSA’s job to accommodate everyone. financial system.

Groups 124

Groups cryptocurrency Regulation United States 124

PYMNTS

DECEMBER 26, 2019

Tencent, which operates WeChat, one of the largest chat platforms in the world, recently teamed up with huge diamond mining firm ALROSA , as well as blockchain operation Everledger. In other recent crackdowns by China’s Communist authorities, companies have faced increasingly steep control and regulation by the government.

cryptocurrency 131

cryptocurrency Company blockchain Exercises 131

PYMNTS

APRIL 18, 2019

The PSD2 -related regulation counts itself among a raft of those set to become law across the continent, focusing on boosting online commerce security by requiring cardholders to provide two forms of identification to verify their identities when transacting. Merchants have been sleepwalking into SCA,” Princen explained.

Fraud 148

Fraud Regulation Compliance Online 148

PYMNTS

SEPTEMBER 26, 2018

Australian regulators on Tuesday (Sept. Reports in Reuters said the Australian Securities and Investments Commission (ASIC) announced the completion of its review into Australia’s top four banks and how they managed and remediated issues of non-compliance. The ASIC slammed the banks’ processes as “unacceptable.”

Regulation 108

Regulation National Compliance System 108

CFPB Monitor

NOVEMBER 18, 2021

Earlier this week, the CFPB issued a Request for Information (RFI) regarding an assessment of the significant amendments to the Home Mortgage Disclosure Act rules, known as Regulation C, adopted in October 2015 and subsequently revised in several additional rulemakings (the “HMDA Rule”).

Compliance 78

Compliance Data Lending Operations 78

PYMNTS

SEPTEMBER 26, 2016

The high fees charged by private firms that are hired by the courts to operate e-filing systems and that are often passed onto consumers who pay with a credit card have been capped by a bill approved by California Governor Jerry Brown on Sept. Convenience fees charged by Tyler range from 2.75 percent to 3.5 There were 7.5

California 100

California Cards Sacramento Texas 100

PYMNTS

AUGUST 9, 2017

Some question whether the card-payment network operator will be able to overcome the struggle to “remain relevant” in a market that is quickly changing — and where consumers may soon be leaving card-based payments behind entirely. Plus, this product complies with requirements from the regulators.”.

Payments 116

Payments Apple Cards Mobile 116

CFPB Monitor

OCTOBER 4, 2022

A previous version of these procedures referenced the Regulation Z definition of “private education loans” which differs from the Truth in Lending Act definition.

Policies 146

Policies Compliance Payments Training 146

CFPB Monitor

JANUARY 14, 2016

The CFPB has released a report for FY 2015 prepared by KPMG LLP of its independent audit of selected CFPB operations and budget. It also found that the control deficiencies found in the FY 2014 audit had been remediated. An annual independent audit is required by the Dodd-Frank Act.

Policies 60

Policies Compliance Regulation Operations 60

Abrigo

DECEMBER 11, 2014

10, 2014 effective date. Linnea Solem, chief privacy officer and vice president for risk and compliance at Deluxe, recently highlighted three ways institutions can review their existing risk management program. As regulatory, business and operating environments change, it is necessary to update risk approaches.

Community Bank 207

Community Bank Community Guidelines Risk Management 207

Celent Banking

MARCH 6, 2015

The figures below outline the decline of banks in the US, going from 11,462 at the end of 1992 to 5,809 in 2014. Yet these challenges come at a time of decreased interest margins and broadly defined regulations that require community banks to increase compliance spending and capital reserves at pace with large players.

Conference 100

Conference Retail Community Austin 100

Jeff For Banks

NOVEMBER 9, 2018

February 2018 - Regulators limit WF growth due to "widespread consumer abuses and compliance breakdowns." And since then: They admitted altering business customer data to address anti-money laundering compliance. that have been issued since 2014 or earlier." that have been issued since 2014 or earlier."

New Jersey 60

New Jersey Compliance Community Meeting 60

PYMNTS

OCTOBER 27, 2016

We want to be known as the WhatsApp of Money,” said Brion Nazzaro, group compliance director at WorldRemit. We’re focused on building even more partnerships with leading banks and telecoms operators around the world so that our customers can send money to their loved ones in the most convenient, relevant ways for them.”.

Mobile 100

Mobile Denver Compliance National 100

Celent Banking

OCTOBER 12, 2015

This year’s conference theme is connect, debate and collaborate and takes place at a time of increasing headwinds from a slowing global economy, higher compliance costs, increasingly global corporates, and competition from both banks and nonbanks alike. Corporate banking plays a dominant role for the largest global banks.

Conference 100

Conference Compliance Customer Experience Analysis 100

Jack Henry

JULY 2, 2014

The stakes of this game are rising, however, because of increased sophistication of cyber-attacks, regulatory scrutiny around how banks are managing IT environments, and the growing number of governing entities with their fingers in the compliance pie.

Cyber Security 102

Cyber Security Compliance Security FDIC 102

PYMNTS

JUNE 23, 2016

2014 and April 2016. While the servicing market has made some investments in compliance, those investments have not been sufficient across the marketplace to ensure compliance. Now, however, the CFPB has put in place commonsense rules designed to eliminate surprises and runarounds for homeowners.

Training 100

Training Compliance System Technology 100

FICO

JUNE 22, 2017

billion in 2014. Increasingly in today’s age, terrorist organizations and dangerous criminals finance their operations by laundering money in global financial institutions, presenting a huge public policy problem for regulators and policymakers. This post originally appeared on the SIIA blog.

Tools 55

Tools Compliance Innovation social media 55

PYMNTS

JANUARY 26, 2017

The good news is that risk and compliance solutions work. As payments and commerce increasingly move online, the industry has focused heavily on creating powerful risk and compliance solutions to stave off illicit activities. G2 found a criminal network operating illegal online pharmacies in Europe.

Bitcoin 100

Bitcoin cryptocurrency Compliance Branding 100

CFPB Monitor

FEBRUARY 13, 2017

The FTC has sent its annual letter to the CFPB reporting on the FTC’s activities related to compliance with the Equal Credit Opportunity Act and Regulation B. The FTC has authority to enforce the ECOA and Reg B as to nonbank providers within its jurisdiction. Fintech forum.

Report 68

Report Big Data Lending Survey 68

PYMNTS

DECEMBER 10, 2016

Laplanche is Renaud Laplanche, Lending Club’s colorful and highly quotable founder and first CEO, and he had that effect on a lot of people during the eight years between Lending Club’s IPO in 2014 and its beginnings. It is obviously bad when you lose that lighthouse individual that really helps stand up a new group of operators.

Lending 100

Lending Compliance Capital Marketing 100

BankUnderground

NOVEMBER 8, 2023

As we find that these welfare differences are primarily driven by distortions in financial markets, we argue that countercyclical macroprudential regulation , even without any green-biased component, can effectively align the welfare performance of these policies and mitigate their short-run costs.

Policies 64

Policies Regulation Taxes Compliance 64

PYMNTS

MARCH 23, 2016

Researchers at PwC found that, for the banks surveyed, they believe that 23 percent of their operations could take a hit as a result of FinTech innovation like blockchain. In 1995, Internet startups secured $250 million in venture capital; the equivalent to the early age of blockchain, 2014, has already seen $362 million.

blockchain 100

blockchain Fintech cryptocurrency Innovation 100

Banking 2020

MARCH 19, 2015

It’s hard to think of two industries more regulated than healthcare and banking. Launching a business in either arena means ploughing through a plethora of compliance mandates, all designed specifically to protect the customers of each. Regulations, meanwhile, can take years to legislate and implement. billion on revenue of $85.1

Regulation 40

Regulation America Compliance Industry 40

FICO

MARCH 6, 2020

Visma Connect recently interviewed Jürgen Krieg, FICO's head of global compliance sales. In this excerpt from that article, Jürgen elaborates on the importance of compliance. . At FICO, I am responsible for planning and implementing growth strategies to develop new markets, and the expansion of our compliance business globally.

Compliance 81

Compliance Technology Fraud Analytics 81

Jeff For Banks

DECEMBER 16, 2022

and Puerto Rico banking laws and regulations. 4 First BanCorp (NYSE: FBP) First BanCorp is a full service financial institution with operations in Puerto Rico, the British Virgin Islands, and Florida. Interesting that three of the top 5 have some sort of BaaS operation. five-year total return and #2 on the JFB Top 5!

Puerto Rico 78

Puerto Rico Virgin Islands Community Community Bank 78

Independent Banker

OCTOBER 31, 2021

Regulators implement ICBA-supported three-year transition. Our regulator, the OCC, has notified its banks that they will be looking for action plans going forward that address the 2023 deadline.”. December 2013. ICBA petitions FASB to withdraw CECL. ICBA launches grassroots campaigns against FASB. February 2016. June 4, 2019.

Community Bank 91

Community Bank Community Software New York City 91

PYMNTS

SEPTEMBER 6, 2016

Citing the 2014 North America Consumer Digital Banking Survey by Accenture, amazingly, 50 percent of people would use banking services from a Square app if they were offered one, and 41 percent would use banking services from PayPal. Application programming interfaces (APIs) are the crucial element, according to Jenkins.

Security 100

Security CA Payments Big Data 100

Independent Banker

AUGUST 31, 2015

Updating equipment also ensures your compliance with government and industry regulations. Retail-Banking Distribution, August 2014. (3) To remain competitive, it is essential to have an updated ATM fleet with the latest technology and functionality. 1) cumminsallison.com, The Changing Face of the ATM Market, 2015. (2)

ATM 70

ATM Branding Technology Retail 70

PYMNTS

DECEMBER 14, 2020

The Commission Nationale de l’Informatique et des Libertés (CNIL), the French data protection watchdog, has hit Amazon and Google with significant financial penalties for allegedly contravening regulations on the digital advertising trackers known as “cookies,” CNBC reported. Amazon was told to pay 35 million euros (approximately $42.5

Google 132

Google social media Compliance Regulation 132

CB Insights

FEBRUARY 13, 2020

These APIs handle everything from acceptance and processing to settlement and reconciliation, while ensuring compliance and security. Sigma aims to streamline business operations. Stripe Atlas (business incorporation tool) and Stripe Sigma (business analytics and reporting) can help simplify business operations. Source: Stripe.

Online 98

Online Company Retail Payments 98

CB Insights

OCTOBER 2, 2018

Facebook would be able to share users’ PII data with its sprawling ecosystem of advertisers while remaining compliant with new regulations such as GDPR, which strictly govern the dissemination of PII to third parties. The ability to operate on encrypted data is considered by experts to be data security’s holy grail.

Security 58

Security Data US Google 58

Tomorrow's Transactions

DECEMBER 1, 2014

I noticed this in a story in “The Times” (21st August 2014). In addition, money-laundering regulations are putting impossible demands on systems designed to serve the poor, requiring, for instance, “know your customer” procedures like taking copies of ID documents for anyone receiving an international payout.

Regulation 51

Regulation System Payments Operations 51

PYMNTS

JANUARY 11, 2019

Excuse the hyperbole, but Google (and other search engines) dodged a bullet this week when it came to privacy regulations that come out of the European Union and then influence other jurisdictions. Google ran afoul of France’s national privacy regulator about three years ago for allegedly violating that right. One example?

Google 191

Google Regulation Course California 191

FICO

OCTOBER 26, 2017

This article is from Michael Blicker , a senior consultant in FICO's compliance solutions group. You would think one system would be enough to manage foreign tax compliance. In 2010 the IRS (Internal Revenue Service) started to define the details of FATCA (Foreign Account Tax Compliance Act). Here’s where the trouble started.

Taxes 53

Taxes Compliance Report US 53

PYMNTS

OCTOBER 1, 2018

Riding a wave of market enthusiasm, LendingClub filed and completed its IPO in 2014, raising $900 million, the biggest tech IPO of that year. It was, as Karen Webster noted in February of 2016, a very attractive model for many investors. “So, Within five days of that IPO, LendingClub’s value had grown to $10 billion. So, Now What?

Lending 135

Lending Fraud Management San Francisco 135

PYMNTS

OCTOBER 21, 2019

As Nan Siler, head of payment and financial operations at Kabbage, noted, it’s been a pretty wild ride, thus far. We’ve watched the payments industry address changes in customer behavior, shifts in compliance rules (GDPR, UBO, CCPA, EMV), the introduction of cryptocurrencies and the race to move money faster. The list goes on.

Innovation 131

Innovation Payments Apple Mobile 131

CB Insights

MAY 8, 2018

Even as the media storm around the sector has calmed, regulators are acting more aggressively and decisively, issuing subpoenas to bad actors and providing guidance to good ones. See how venture firms, corporates, regulators, and builders are shaping the future of blockchain technology. So far it looks like US regulators do not agree.

blockchain 75

blockchain Trends Technology cryptocurrency 75