PYMNTS

MARCH 3, 2020

Andrew Tyrie, chairman of the Competition and Markets Authority (CMA), a competition regulator in the U.K., said his fellow regulators have been too soft on digital mergers, and consumers have suffered as a result, according to the Financial Times. Facebook acquired Instagram for $1 billion in 2012 and WhatsApp for $19 billion in 2014.

Regulation 140

Regulation Conference Taxes Marketing 140

PYMNTS

DECEMBER 3, 2020

regulators are eyeing complaints that Facebook is muscling out the competition in the virtual reality area, as more than 40 states gear up to file an antitrust lawsuit against the company next week. The social media giant is also the world’s biggest virtual reality hardware maker, due to its 2014 acquisition of Oculus for $2 billion.

Regulation 141

Regulation New York social media Apple 141

PYMNTS

JANUARY 14, 2019

Vietnam wants to be a cashless society, according to a report in Financial Times , but bank regulations are hindering the country’s ability to do so. However, because of the regulation issue, Vietnam is behind other countries in the ASEAN 5, and there’s no change in sight unless regulations change.

Regulation 123

Regulation Payments Compliance Maine 123

PYMNTS

MAY 1, 2018

Regulators in the U.S. are considering the regulation of digital tokens outside bitcoin. The Wall Street Journal reported that the inquiry is focused on the cryptocurrency Ethereum, which hasn’t been in the crosshairs of regulators as of yet.

Regulation 104

Regulation Bitcoin cryptocurrency Massachusetts 104

PYMNTS

NOVEMBER 5, 2018

China is reportedly looking at new regulations that would impact Alibaba and Ant Financial in an effort to boost oversight of financial holding companies. It marked the third time that Ant had a quarterly loss since its unit’s result was disclosed by Alibaba in the early part of 2014. Reuters cited two sources at the time.

Regulation 128

Regulation Company Taxes Groups 128

Perficient

APRIL 14, 2022

FINRA started publicly disseminating 144A securities in 2014, and as of July 2017, firms are required to report certain transactions in U.S. European MiFID II regulations, which are similar to TRACE for European corporate bonds, were implemented in 2018). Treasury Securities to TRACE. Interested in learning more?

Report 294

Report Compliance Security Regulation 294

PYMNTS

JULY 27, 2018

watchdog in charge of investor oversight proposed tough new regulations regarding peer-to-peer (P2P) lending platforms, in a bid to help consumers wade through the new landscape, according to a report by Reuters. has also sought clarity on regulations as a means to better compete against established banks.

Lending 102

Lending Regulation Fintech Study 102

PYMNTS

MAY 24, 2019

Baoshang Bank, based in Inner Mongolia, will be taken over by China’s banking and insurance regulator over critical credit risks, according to a report by Reuters. billion) at the end of 2016, which is a leap of 65 percent since 2014. Takeovers of banks are rare in China, and this is the first one in almost 20 years. billion yuan ($22.68

Regulation 158

Regulation Lending Guidelines Maine 158

PYMNTS

MAY 25, 2018

“We have a lot of predatory lending out here, which we want to regulate,” Geoffrey Mwau, director general of budget, fiscal and economic affairs at the country’s treasury, said on Thursday (May 24).

Regulation 101

Regulation Lending Mobile Course 101

CFPB Monitor

AUGUST 10, 2021

The California Department of Financial Protection and Innovation (DFPI) has issued proposed amendments to its regulations implementing the Pilot Program for Increased Access to Responsible Small Dollar Loans (Pilot Program). Initially effective from 2014 to2018, the Pilot Program’s sunset date was extended to January 1, 2028.

California 78

California Regulation CA Innovation 78

PYMNTS

JULY 8, 2019

As the regulator said at a Lisbon conference, “The optimal size of the banking sector is hard to gauge, but it seems clear, though, that the European banking sector is still too large. 30, 2014 to Dec. That fine comes in the wake of five breaches spanning 2014 to 2019, and also touches on the bank’s failure to report capital positions.

System 108

System Regulation Capital Report 108

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

TheGuardian

JANUARY 31, 2024

The regulations, which limited annual bonus payouts to twice a banker’s salary, were introduced by the EU in 2014, in a move aimed at preventing excessive risk-taking after the 2008 financial crisis. Continue reading.

Regulation 111

Regulation Industry 111

PYMNTS

DECEMBER 18, 2020

The IPO rate for Chinese companies is the highest since Alibaba’s massive market debut in 2014, according to CNBC , citing a new report from Renaissance Capital. The last big Chinese IPO rush occurred in 2014, when 14 companies, including eCommerce titan Alibaba, raised $25.7 and China over trade and security issues. China and the U.S.

Phoenix 268

Phoenix Regulation Capital Marketing 268

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. In mortgage lending, the CFPB focused on underwriting and redlining. .”

Lending 60

Lending Report Policies Compliance 60

CFPB Monitor

JUNE 11, 2015

The Federal Trade Commission has provided its annual Financial Acts Enforcement Report to the CFPB covering the FTC’s enforcement activities in 2014 related to compliance with Regulation Z (Truth in Lending), Regulation M (Consumer Leasing), and Regulation E (Electronic Fund Transfers).

Report 60

Report Regulation Lending Compliance 60

PYMNTS

SEPTEMBER 5, 2016

Changes to commercial card regulations could be tripping up small businesses in Australia, according to reports on Friday (Sept. Analysts have also examined how including commercial cards in swipe fee regulations in the U.S. An interchange fee cap means less profits for the banks. would impact the market.

Regulation 100

Regulation Cards Report Lending 100

PYMNTS

JULY 27, 2016

Parliament’s Treasury Committee released its report on the effectiveness of the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) this week, criticizing the bodies for their “inadequate” impact on curbing bank misconduct. lawmakers have called for such action. According to reports, former U.K.

Regulation 100

Regulation Report Groups Payments 100

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

DECEMBER 10, 2018

Regulators in the European Union looked at Apple Pay , the company’s mobile payment system, and came to a conclusion about its market dominance, according to a report by Reuters. Apple launched its mobile pay service in October of 2014. European Commissioner for Competition Margrethe Vestager said on Monday (Dec.

Apple 108

Apple Regulation Marketing Course 108

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, 2021

The CFPB’s earlier attempt to regulate consumer arbitration took five years and was ultimately unsuccessful, in large part because its 728-page empirical study of consumer arbitration, completed in March 2015, showed that arbitration is faster and less expensive than class action litigation and results in greater recoveries for consumers.

Regulation 78

Regulation Study Resources Data 78

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

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. BSA Rules and Regulation.

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

NOVEMBER 2, 2021

Culture of compliance is crucial to BSA/AML programs Culture of compliance within the BSA/AML framework is not new and was first introduced by FinCEN in 2014. The AMLA is extensive, and there are many steps involved before FinCEN can implement the act, such as conducting studies, writing regulations, and publishing guidance.

Compliance 195

Compliance Regulation Resources Policies 195

PYMNTS

JUNE 22, 2020

Apparently, a lot – if you are dealing with Chinese regulators. Ant Financial Services Group has won a green light from Chinese regulators to drop the word “financial” from its name, so it’s goodbye to Ant Financial Services Group and hello to Ant Technology, The Wall Street Journal reports. What’s in a name?

Regulation 181

Regulation Groups Fintech Technology 181

TheGuardian

SEPTEMBER 8, 2023

Lawyers for family say Saudi government took brother’s data in breach and ‘arrested, tortured, and imprisoned’ him and others The company formerly known as Twitter is “unfit” to hold banking licenses because of its alleged “intentional complicity” with human rights violations in Saudi Arabia and treatment of users’ personal data, according to an open (..)

US 111

US Data Regulation Company 111

PYMNTS

APRIL 17, 2019

Soul Htite is from Canada and also founded LendingClub , a P2P platform that went public in 2014. Guo practiced law before he came to the company, specializing in intellectual rights. Dianrong investors include Tiger Global, which is affiliated with Jack Ma, and Sun Hung Kai.

Regulation 108

Regulation Lending Capital Industry 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

SEPTEMBER 30, 2020

It would instead offer payment companies a national servicing platform to replace the regime of state regulations such firms would be subject to under existing laws. Commercial companies accessing a payments charter would avoid oversight and regulations that protect the financial system and consumers,” the bank industry leaders wrote.

Regulation 349

Regulation National System Industry 349

American Banker

FEBRUARY 8, 2024

The original lawsuit was one of several filed in 2014 in a coordinated effort among federal and state regulators aimed at fraudsters trying to cheat distressed mortgage borrowers.

Regulation 36

Regulation 36

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

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 10, 2020

The digital yuan has been in development since 2014. The purpose of the law is to regulate cryptography usage, to help boost business in the industry and to ensure that cybersecurity is established. The regulation states that cryptography will be organized into three sections: commercial crypto, core and common.

Training 257

Training Regulation Industry Mobile 257

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. VocaLink was sold by the large U.K.

Regulation 100

Regulation Fintech blockchain Mobile 100

PYMNTS

JULY 2, 2019

30, 2014, and Dec. The violations were found at the Santander Consumer Bank in Norway and involved a failure in an electronic monitoring system meant to check for money laundering. million transactions involving 300,000 customers were not checked between Oct.

Regulation 122

Regulation Video System Report 122