PYMNTS

JANUARY 29, 2018

Following the theft of $530 million in NEM tokens from Coincheck last week, governments will likely call for more cryptocurrency regulation and investors may turn to peer-to-peer (P2P) methods of trading instead of centralized exchanges, Bloomberg reported. 2014 after a mysterious “glitch” caused $500 million worth of bitcoin to go missing.

Regulation 124

Regulation cryptocurrency Bitcoin Security 124

PYMNTS

JULY 8, 2019

To that end, Andrea Enria, the European Central Bank supervisor, said this past week that the European banking system is operating with excess capacity, and that efficiency might be spurred by mergers and acquisitions. 30, 2014 to Dec. As many as 1.6 The bank was fined the equivalent of $1 million USD.

System 108

System Regulation Capital Report 108

Chris Skinner

JANUARY 31, 2019

Things we’re reading today include … Deutsche Bank swings to first full-year net profit since 2014 German regulators probe price decline at Wirecard UK fintech shuts US operation to save Chinese deal Barclays trial jury told to ignore defendants’ jokes about prison TSB computer meltdown bill rises to £330m Metro … The post Things (..)

Metro 150

Metro Regulation Fintech US 150

PYMNTS

JUNE 14, 2016

aviation regulators for reportedly shipping hazardous materials by plane. This case stems back to a 2014 incident where Amazon reportedly shipped a gallon container of “Amazing! Amazon has a history of violating the hazardous materials regulations,” the FAA said in the release. Amazon has found itself in hot water with U.S.

Regulation 100

Regulation United States Training Report 100

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.” Powell is the former Santander head executive. .

System 147

System Regulation Resources Meeting 147

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

CFPB Monitor

OCTOBER 4, 2018

On September 21, 2018, the Attorney General for the State of Washington filed a lawsuit (see complaint ) against several companies engaged in purchasing charged-off consumer debts, for operating as “collection agencies” without a license, in violation of the Washington Collection Agency Act (WCAA).

Washington 84

Washington Operations Regulation National 84

PYMNTS

NOVEMBER 26, 2019

The Prudential Regulation Authority (PRA), the supervisory arm of the Bank of England (BoE), has fined Citigroup a record-breaking $56.3 million for not completing accurate returns between 2014 and 2018, according to a report by Reuters.

Report 191

Report Capital Regulation Meeting 191

PYMNTS

MARCH 1, 2016

And while some of these strategy revamps have been telegraphed, the numbers show some impact from regulations and investigations, as the firm posted a net loss of roughly $547 million (394 million pounds), which is far worse than a year ago at 174 million pounds. And there could be some legal issues afoot, too.

Operations 100

Operations Strategy United States Regional 100

Abrigo

JUNE 10, 2020

The former Chief Operational Risk Officer was fined for insufficient action on AML program deficiencies and staffing issues. The regulators don’t care what your budget is,” Luttrell says. Adequately staffed and risk-focused AML resources with good documentation are critical. The recent $450,000 fine of U.S. Get adequate resources.

Resources 195

Resources Regulation Compliance Policies 195

PYMNTS

JUNE 1, 2016

According to a PayPal survey conducted in 2014, 53 percent of smartphone users made purchases using their mobile devices. Tourism is said to have accounted for 12 percent of Turkey’s GDP in 2014 and its 37 million tourists that year made it second only to Italy as a favorite global tourist destination. PayPal applied and was rejected.

Regulation 100

Regulation Operations Survey Mobile 100

Abrigo

DECEMBER 5, 2019

Banking regulators, state regulators, and FinCEN release joint statement. The 2018 Farm Bill removed hemp as a Schedule I narcotic under the Controlled Substances Act and directs the United States Department of Agriculture (USDA) to regulate legal hemp cultivation and production. BSA Rules and Regulation. Learn More.

Regulation 195

Regulation United States Training Compliance 195

PYMNTS

SEPTEMBER 30, 2020

House committee this week began reviewing the idea of allowing the likes of Amazon or Facebook to receive charters to operate as banks — an idea that’s already gotten plenty of pushback from traditional financial institutions (FIs). This means getting regulation right is critical.

Regulation 349

Regulation National System Industry 349

PYMNTS

NOVEMBER 18, 2020

Headquartered in Silicon Valley and founded in 2014 by Forzley and Aldo Carrascoso, chief operations officer and chief financial officer, Veem uses blockchain as a payment rail and simplifies the way SMBs process payments. .

Tools 272

Tools Payments Study blockchain 272

PYMNTS

NOVEMBER 26, 2019

The Prudential Regulation Authority (PRA), the supervisory arm of the Bank of England (BoE), has fined Citigroup a record-breaking $56.3 million for not completing accurate returns between 2014 and 2018, according to a report by Reuters.

Capital 136

Capital Regulation Meeting Resources 136

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

JULY 8, 2020

Ant Group was launched in 2014 to provide global financial services. Based in Hangzhou, China, the company operates Alipay, an online payment service that debuted in 2004 and has evolved into the world’s largest payment and lifestyle platform, the company said.

Groups 175

Groups Report Capital Regulation 175

PYMNTS

JULY 5, 2019

Amazon in some ways was the victim of a race run so well that regulators are taking a second look, competitors are loudly complaining and even the courts are taking a tougher line on its business practices. And Amazon’s competitors in retail are working hard to make sure that the regulators take a close enough look.

Regulation 108

Regulation Pennsylvania Retail Report 108

PYMNTS

MARCH 25, 2020

Retailers are finding success in the complex, highly regulated wine industry , and are looking to top off loyalty as coronavirus orders flow. 2014: The year that DRINKS , which was Wine Insiders’ chief competitor, acquired the company. 1982: The year Wine Insiders started its direct marketing and door-to-door sales operations.

Innovation 108

Innovation Data Regulation Retail 108

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

JANUARY 24, 2020

In a move that’s been in the works since 2012, the city of Vancouver has approved Uber and Lyft to operate in the city, according to reports. . 23), the city finally acquiesced and both Uber and Lyft are now allowed to operate in the city. . The applications for Uber to operate were opened in September of last year. .

Metro 130

Metro Operations Regional America 130

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. increased operational risks. Be aware of existing or emerging risk concerns.

Compliance 101

Compliance Regulation Community Bank Community 101

PYMNTS

MARCH 9, 2020

The arrangement still must receive approval by regulators in Malaysia and Thailand. South Korea and Japan, and also relinquished some control of its Chinese operations as of 2011. The British grocer had created the Gain Land venture with CRH in 2014, joining together the 131 locations of the U.K. in the U.K.

Groups 130

Groups Taxes Resources Operations 130

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.

Security 134

Security Groups Payments Regulation 134

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., That, experts say, would be a massive headache for these players. million for alt-lenders this week.

Lending 100

Lending Regulation Big Data Risk Management 100

PYMNTS

FEBRUARY 13, 2019

The Colorado Department of Revenue has revealed that the state’s regulated marijuana industry sales have topped $6 billion since sales began in 2014. Last year, regulated marijuana sales in Colorado were nearly $1.55 In addition, taxes generated by the industry grew by nearly 8 percent last year. billion the previous year.

Industry 155

Industry Colorado Taxes California 155

PYMNTS

AUGUST 20, 2020

This went on between 2014 and 2018, the court document stated. In addition, TD Bank must cease operating this way and issue clear notices to all customers telling them exactly what they’ve signed up for. The CFPB has sought to regulate overdraft violations more often in recent years.

Policies 262

Policies Regulation Cards Operations 262

PYMNTS

AUGUST 21, 2019

He was to hold the position for a five-year term, beginning in December 2014. Buttarelli oversaw the organization’s implementation of one of the strongest pieces of data privacy initiatives in the world, the General Data Protection Regulation (GDPR), which started last year.

Data 108

Data Regulation Online Operations 108

PYMNTS

AUGUST 29, 2018

When trying to understand the new eIDAS regulations set to go officially online in the EU in September, it helps, Trulioo GM Zac Cohen told Karen Webster, to take a step back and look at the general purpose of the European Union. The EU, Webster noted, was not quite the same place in 2014 as it is in 2018.

Regulation 164

Regulation Guidelines Trends Online 164

PYMNTS

MAY 28, 2019

auditing and accounting sector, leading to concerns over dominance and the ability for companies to maintain impartiality in their auditing operations. The Competition and Markets Authority had previously recommended that the four firms break up, and split their auditing and accounting operations.

Regulation 101

Regulation Leadership Report Resources 101

PYMNTS

NOVEMBER 26, 2018

According to the court documents, Blue Apron’s website states that “we win together, not alone; we operate with integrity.”. “If If Blue Apron truly does operate with integrity and is accountable,” the lawsuit reads, “then it will pay its employees all of their hard-earned wages.”.

California 169

California Iowa Arkansas New Jersey 169

PYMNTS

DECEMBER 9, 2019

Antitrust regulators “are paranoid about it at the moment because they are concerned they have not looked at these mergers enough in the past, like Facebook-WhatsApp.”. EU officials accused Facebook of misleading them when the social media giant acquired WhatsApp in 2014 and changed its data-handling policy.

social media 130

social media Data Regulation Marketing 130

PYMNTS

SEPTEMBER 26, 2018

Australian regulators on Tuesday (Sept. Regulators probed the banks’ breaches of law in a review scrutinizing operations between 2014 and 2017, according to reports. 25) criticized top banks in the country for what authorities called inadequate reporting of breaches of financial law. Those breaches resulted in $361.9

Regulation 108

Regulation National Compliance System 108

PYMNTS

JULY 6, 2020

After the RBS bailout in 2008 by the British government, the vehicle was made to meet the state aid regulations of the European Union. Starling Bank Chief Executive Anne Boden started Starling Bank in 2014 as a completely digital bank and today it counts more than 1.4 million clients — 180,000 of them small companies.

Metro 143

Metro Meeting Digital Banking Regulation 143

PYMNTS

JUNE 21, 2018

Sources say Robinhood Markets is in talks with regulators about offering banking services to its more than 4 million users. The company is not allowed to operate like a bank under current rules, but would like to offer banking-like products such as savings accounts through different licenses or partnerships.

Regulation 123

Regulation Millennials California Capital 123

PYMNTS

APRIL 15, 2019

Danish operations of Ernst & Young (EY) and KPMG are now under investigation by Danish police related to money laundering cases. In the wake of the Danske scandal, Denmark’s lawmakers are working to create tougher money laundering regulations.

Report 175

Report Regulation Management Operations 175

PYMNTS

JANUARY 17, 2019

General Electric ‘s divestiture of GE Capital assets continues as MUFG Union Bank announced plans to acquire GE Capital’s Trade Payable Services (TPS) operations. The company said it expected industrial businesses to account for as much as 90 percent of its earnings by 2018, up from 58 percent in 2014.

Capital 150

Capital America blockchain Regulation 150