PYMNTS

SEPTEMBER 5, 2016

Changes to commercial card regulations could be tripping up small businesses in Australia, according to reports on Friday (Sept. Reports said these commercial cards are key for small businesses that need to manage cash flow, with banks pulling back from this segment. An interchange fee cap means less profits for the banks.

Regulation 100

Regulation Cards Report Lending 100

CFPB Monitor

APRIL 29, 2015

The CFPB has issued a fair lending report covering its fair lending activities during 2014. The report states that in 2014, CFPB fair lending supervisory and public enforcement actions required institutions to provide approximately $224 million in remediation.

Lending 60

Lending Report Policies Compliance 60

Abrigo

JUNE 4, 2023

Introduction Prioritizing AML compliance resources The regulations laid out in the Bank Secrecy Act (BSA) are intended to promote financial transparency and identify those who misuse the financial system. Civil penalties vary, with regulators authorized to penalize between $5000 and $1,000,000 per violation for each day the breach occurs.

Compliance 195

Compliance Training Resources Regulation 195

Abrigo

FEBRUARY 2, 2015

For most consumers who have a checking account, savings account and maybe a mortgage, the regulations placed on their community bank isn’t given a second thought. Two recent surveys addressing the community banking landscape have pointed to increasing regulations as the primary cause of stress for these institutions.

Community Bank 150

Community Bank Community Regulation Survey 150

Perficient

FEBRUARY 23, 2021

Initially addressed through the Liquidity Coverage Ratio test, regulators soon recognized that a single, consolidated report was insufficient to understand a firm’s potential drivers of liquidity depletion. banking institutions. financing of securities positions, prime brokerage activities).

Report 309

Report Risk Management Data System 309

Abrigo

MAY 9, 2022

A recent and notable consent order shows the dangers of turning to an unqualified or inept third-party institution to perform some or all BSA/AML duties to meet regulations. Once a staffing assessment is complete, the results should be shared with senior management, documenting the process and the need for additional staff if identified.

Compliance 195

Compliance Fraud Regulation Resources 195

CFPB Monitor

NOVEMBER 24, 2014

Mishkin Based on the CFPB’s Fall 2014 rulemaking agenda , proposed rules dealing with payday loans/deposit advance products, overdrafts, and debt collection are still months away.

Regulation 68

Regulation Data Management Report 68

PYMNTS

JULY 5, 2017

Ride-hailing company Uber was recently dealt a difficult blow: A European Union (EU) court adviser paved the way for France to charge local Uber managers with running an illegal taxi service. Two months ago, another EU opinion threw out Uber’s argument that as a digital platform, it should face less regulation than a taxi company.

Management 109

Management Exercises Operations Software 109

Abrigo

JUNE 10, 2020

The bank’s Chief Compliance Officer also raised concerns, and in May 2014, the AML Officer ultimately bypassed LaFontaine and sent an email to the then-Chief Risk Officer regarding the cap on alerts, according to the enforcement action. The regulators don’t care what your budget is,” Luttrell says. Get adequate resources.

Resources 195

Resources Regulation Compliance Policies 195

ABA Community Banking

NOVEMBER 7, 2014

SNL Report: Regulators required convincing before letting State Bank bid on Chi failure Management Financial Trends CSuite. 1Management'

Trends 75

Trends Regulation Management Report 75

PYMNTS

JANUARY 12, 2020

Wells Fargo is striving to revamp its approach to technology to ensure systems stay online, satisfy regulators and block cybercriminals, the Wall Street Journal (WSJ) reported on Saturday (Jan. He said repairing problems pointed out by regulators is his “first priority.”

System 147

System Regulation Resources Meeting 147

PYMNTS

JULY 22, 2016

It feels like 2014 again with the ongoing popularity of alternative lending startups. It’s even more surprising given that 2016 could be the year that regulation begins to really kick in for these lenders — in the U.S., Accounts Receivable Management. That, experts say, would be a massive headache for these players.

Lending 100

Lending Regulation Big Data Risk Management 100

PYMNTS

SEPTEMBER 26, 2016

trillion in 2014 to $2.3 The banks are also facing increasing pressure from regulators to cooperate with the FinTech players and to lower the fees charged for payments processing, while cyberattackers are finding ever more sophisticated ways to threaten the security of banks. trillion in 2019.

Regulation 100

Regulation Fintech blockchain Mobile 100

Bobsguide

APRIL 7, 2022

London (5 April 2022): TS Imagine , the leader in trading, portfolio and risk management solutions for capital markets, today announces that it has successfully integrated with crypto platform Gemini. Gemini was founded in 2014 by twin brothers Cameron and Tyler Winklevoss. About Gemini.

Bitcoin 147

Bitcoin cryptocurrency Risk Management Capital 147

Abrigo

OCTOBER 8, 2014

Risk management. Data from Bank Director’s 2014 Growth Strategy Survey in August confirms that these are bankers’ greatest concerns. Source: 2014 Growth Strategy Survey. Of those asking for regulatory relief, many argued that banking regulations are hurting the economy. Managing Risk. Loan growth.

Community Bank 191

Community Bank Community Strategy Risk Management 191

Independent Banker

SEPTEMBER 25, 2014

The better prepared, the less likely they are to run afoul of the continually shifting regulations. Regulators and industry consultants agree that community banks are generally doing a great job handling their regulatory oversight and requirements. Be aware of existing or emerging risk concerns.

Compliance 101

Compliance Regulation Community Bank Community 101

Jeff For Banks

AUGUST 2, 2014

My firm will occasionally provide feedback on correspondence to our clients'' regulators. I thought about what we should have said to the regulator, versus the sweet words I was encouraging our client to use. Below is a sample letter to your regulator, saying it like you mean it. Today we did just that. Truth is, I haven''t.

Regulation 92

Regulation DC FDIC Analytics 92

PYMNTS

SEPTEMBER 17, 2018

The regulator doesn’t have the power to slap Credit Suisse with fines, noted the report. The identified shortcomings occurred repeatedly over a number of years, mainly before 2014,” FINMA said. FINMA said the manager violated the bank’s compliance regulations several times over the past few years.

Georgia 143

Georgia Regulation Maine Policies 143

South State Correspondent

MAY 15, 2024

Regulators are focused on certain CRE concentrations and categories (such as office and multifamily). in 2014 (The Benefits of Intrastate and Interstate Geographic Diversification in Banking). Current Environment Diversification discussions arise during expected downturns or at the end of an expansion cycle.

Community Bank 195

Community Bank Community Lending Study 195

South State Correspondent

MAY 15, 2024

Regulators are focused on certain CRE concentrations and categories (such as office and multifamily). in 2014 (The Benefits of Intrastate and Interstate Geographic Diversification in Banking). Current Environment Diversification discussions arise during expected downturns or at the end of an expansion cycle.

Community Bank 195

Community Bank Community Lending Study 195

PYMNTS

OCTOBER 22, 2020

Plus, Ant Group has received approval from top security regulators for its Shanghai offering. Co-Founder and Chief Executive Officer Nicholas Sunden-Cullberg said the infusion will also assist the 2014 startup in taking control of the consumer loan space. Swedish Startup Lendify Closes $115M Funding Deal. Morgan Stanley and J.P.

Security 134

Security Groups Payments Regulation 134

PYMNTS

DECEMBER 26, 2019

China has been increasingly interested in the blockchain network and its public utility, especially in the fields of energy management and telecommunications. . 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 15, 2019

In the wake of the Danske scandal, Denmark’s lawmakers are working to create tougher money laundering regulations. And KPMG said it “reacted and drew attention to, among other things, procedural failures in connection with the area of money laundering, both to the management and the board.

Report 175

Report Regulation Management Operations 175

Abrigo

DECEMBER 17, 2021

In their advisory on the importance of a strong culture of compliance (FIN-2014-A007), FinCEN states that one of the keys to a robust BSA/AML program is d evoting adequate resources to its compliance function (both human and technological). Remember, regulators don't care how much you have in your budget for staffing. Learn More.

Compliance 195

Compliance Training Fraud Resources 195

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. .” Those breaches resulted in $361.9

Regulation 108

Regulation National Compliance System 108

PYMNTS

FEBRUARY 4, 2019

Banks, credit unions and other financial institutions have a significant responsibility, one that goes far beyond managing customers’ financial assets: They’re tasked with safeguarding the financial services ecosystem against bad actors, money launderers and other criminals. A DIY Approach To AML/KYC.

How To 161

How To Regulation Compliance Meeting 161

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

Abrigo

JUNE 2, 2021

The guidance emphasizes a risk-focused approach to examinations and refocuses the regulators to scope each exam according to the unique financial institution, not to use a one-size-fits-all approach. Efforts to manage and mitigate BSA/AML deficiencies and risks must not be compromised by revenue interests. BSA Rules and Regulation.

How To 195

How To Training Compliance Policies 195

Gonzobanker

NOVEMBER 18, 2014

Vaynerchuk delivered our second favorite Gonzo quote of the event (keep reading for the first favorite), “The adage ‘We’re regulated’ is a scapegoat from doing cool s**t.” SurePayroll, a division of Paychex, had a nice payroll solution that cash management groups can private-label and provide to business customers.

Chicago 97

Chicago Retail Branch Design Training 97

PYMNTS

DECEMBER 10, 2019

WeBank was started in 2014, and it was also the first internet bank to be licensed by the China Regulatory and Securities Commission. China has been working diligently on building a nationwide blockchain network across the country, which would include the telecommunications and energy management sectors.

blockchain 148

blockchain Technology Bitcoin National 148

PYMNTS

APRIL 18, 2019

An internal investigation at Deutsche Bank has found that it processed at least €175 million (nearly $197 million USD) in dirty money for Russian criminals between 2011 and 2014. As a result of the findings, the financial institution (FI) is reportedly preparing for potential fines, litigation and prosecution of individual managers.

Regional 155

Regional Regulation Payments Management 155

CFPB Monitor

MAY 6, 2015

The CFPB along with five other federal agencies have issued a final rule that establishes minimum state registration and substantive requirements for appraisal management companies (AMCs), as required by Section 1473 of the Dodd-Frank Act. credit transactions involving a federally regulated depository institution) in the state.

Company 60

Company Management National Exercises 60

PYMNTS

FEBRUARY 28, 2018

Their identities were hidden behind a series of offshore management firms based in the Marshall Islands and the Seychelles,” paper noted. Danske Bank has, in the past, acknowledged illegal transactions at its Estonian branch in 2011-2014. “As The Estonian regulator already conducted a full review of the branch’s activities in 2014.

Leadership 113

Leadership Report Regulation Groups 113

Abrigo

OCTOBER 29, 2014

Multifamily, commercial and automotive loans are driving loan growth among banks in the Northeast, but increasing risk will draw fresh attention from regulators to ensure recent and future growth is sound, the Office of the Comptroller of the Currency said recently. • Liquidity risk management and adequacy of contingency funding plans.

Rhode Island 236

Rhode Island District of Columbia West Virginia New Jersey 236

PYMNTS

DECEMBER 10, 2019

WeBank was started in 2014, and it was also the first internet bank to be licensed by the China Regulatory and Securities Commission. China has been working diligently on building a nationwide blockchain network across the country, which would include the telecommunications and energy management sectors.

blockchain 138

blockchain Bitcoin National Digital Banking 138

PYMNTS

APRIL 2, 2019

Segment, a data collection startup that helps companies manage customer data, has raised $175 million in funding, according to a report by Bloomberg. Accel Partner Vas Natarajan has been on the Segment board since 2014, when the company led a $15 million funding round. The California-based company has a valuation of $1.5

Data 139

Data Analytics Tools California 139

Abrigo

DECEMBER 11, 2014

In September, the Office of the Comptroller of the Currency (OCC) published final guidelines designed to “strengthen the governance and risk management practices of large financial institutions.” 10, 2014 effective date. Assess risk management structures. Update the scope and frequency of risk management reporting.

Community Bank 207

Community Bank Community Guidelines Risk Management 207