PYMNTS

MAY 7, 2018

Bitcoin may be the marquee name in cryptocurrencies, but regulation may loom for its digital dollar brethren. Recent inquiries from regulators in the federal securities and commodities realms have centered on Ethereum. PHH filed a suit in 2015 alleging the CFPB was unconstitutional. Outside the U.S. PHH and the Supremes.

Bitcoin 108

Bitcoin Regulation cryptocurrency Virginia 108

PYMNTS

MARCH 7, 2019

Sweden’s financial regulator, the Swedish Financial Supervisory Authority, said it needs to pick up its oversight of Swedish banks when it comes to money laundering. billion) were transferred between Danske and Swedbank spanning several years from 2007 to 2015.

Regulation 116

Regulation System Report Operations 116

PYMNTS

JUNE 14, 2016

aviation regulators for reportedly shipping hazardous materials by plane. Amazon has a history of violating the hazardous materials regulations,” the FAA said in the release. 2015 alone, Amazon was found to have violated the hazardous materials regulations 24 other times.”. Amazon has found itself in hot water with U.S.

Regulation 100

Regulation United States Training Report 100

PYMNTS

FEBRUARY 23, 2020

The banking firm has been talking with London regulators about the idea, according to The Financial Times on Saturday (Feb. The operation will likely include savings and lending products, and it comes just two years after U.S. JPMorgan Chase tapped an ex-regulator , Clive Adamson, to head up the efforts to launch the digital bank.

Digital Banking 255

Digital Banking Lending Regulation Operations 255

PYMNTS

DECEMBER 11, 2019

The New York State Department of Financial Services (DFS) is proposing revised rules for the listing of new virtual currencies and will review the state’s BitLicense , the regulator announced in a press release on Wednesday (Dec. The DFS has issued 24 licenses and charters to virtual currency firms since 2015.

New York 132

New York Regulation cryptocurrency Meeting 132

PYMNTS

AUGUST 16, 2019

15) that Hong Kong authorities have reportedly opened an investigation into Chinese banks operating in the city. But since the beginning of the 2015 spending spree, many of these heavily-indebted conglomerates have sold off billions of dollars in assets.

Lending 148

Lending Regulation Operations Analysis 148

PYMNTS

JANUARY 15, 2019

Malaysia’s initial coin offering (ICO) regulations are said to take effect on Tuesday (January 15) per a notice from the Securities Commission (SC) in the country, Coindesk reported. At the same time, it was said that those who engage in digital asset dealing will have to follow rules for anti-money laundering (AML), among other regulations.

Bitcoin 108

Bitcoin Regulation New York Video 108

PYMNTS

SEPTEMBER 9, 2016

A debt relief operation, which went by the names “Payday Support Center” and “Infinity Client Solutions,” has been banned by the Federal Trade Commission from the debt relief business under a settlement with the FTC. The FTC said in the announcement on Thursday (Sept.

Operations 100

Operations Industry Regulation Payments 100

CFPB Monitor

NOVEMBER 9, 2015

Last week, the FTC announced a new coordinated effort against unlawful debt collection practices, “Operation Collection Protection.” In its Spring 2015 rulemaking agenda , the CFPB indicated that further prerule activities, which are expected to involve the convening of a SBREFA panel, would occur in December 2015.

Operations 60

Operations Regulation Company 60

PYMNTS

DECEMBER 15, 2019

are up for the first time since 2015 due in part to an increase in both white-collar and money laundering crimes, the Financial Times reported Sunday (Dec. The latest data shows regulators have ordered 51 “skilled persons’ reports” in the 2018-19 financial year, a 16 percent increase over last year.

Regulation 130

Regulation Report Policies Fraud 130

PYMNTS

DECEMBER 23, 2020

The road to mainstream acceptance of cryptocurrencies will still have its bumps, its potential roadblocks set in place from regulators. At the heart of it all might lie a jousting existential in nature — namely, between the companies that create and issue cryptos and the agencies that regulate them.

cryptocurrency 234

cryptocurrency Security Bitcoin Regulation 234

PYMNTS

JANUARY 11, 2021

Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA). Revolut was granted a European Union banking license in Lithuania in December 2018 and has begun operations in central Europe. The London-based FinTech was founded in 2015 and has secured more than $580 million in funding on a $5.5

cryptocurrency 216

cryptocurrency Leadership Bitcoin Fintech 216

Abrigo

OCTOBER 28, 2022

Takeaway 1 Signs point to increased loan modifications and loan workouts, and regulators have urged financial institutions to work prudently with borrowers. . Even as news headlines announce that “the sky is falling,” many Abrigo clients are relaying they can count only six or seven charge-offs since 2015 or so, he added.

Management 195

Management Risk Management Policies Lending 195

PYMNTS

DECEMBER 16, 2019

Peer-to-peer (P2P) lending platforms have shuttered in China’s Hebei province as regulators aim to get rid of deception and inefficiency in the sector, South China Morning Post (SCMP) reported on Friday (Dec. About 6,000 P2P platforms have missed payments to investors and “suddenly suspended operations.”

Leadership 131

Leadership Regulation Regional Lending 131

PYMNTS

DECEMBER 2, 2019

New York and British regulators already levied almost $700 million in fines against Deutsche in a separate $10 billion money laundering case involving the so-called “mirror trades” from Russia. That incident is still under investigation by the DoJ.

Washington 200

Washington New York Regulation Report 200

PYMNTS

AUGUST 20, 2018

By 2015, it had closed its doors. Regulators didn’t destroy A&P in the end. There was one wholesaler for every 43 mom-and-pop operations. A&P’s stated mission was to create and then use its supply chain efficiencies to be the cheapest grocery store in every local market in which it operated. at that time.

Regulation 105

Regulation Online Innovation Google 105

PYMNTS

SEPTEMBER 5, 2019

Colombian regulators have demanded that delivery app Rappi comply with electronic commerce laws, and has also launched an investigation into the app after receiving hundreds of customer complaints. Founded in 2015, Colombian startup Rappi employs bike-riding couriers to deliver everything from grocery orders to diapers all around the region.

Regulation 116

Regulation Regional America Operations 116

PYMNTS

OCTOBER 15, 2019

Despite breaking off its relationship with Danske Bank in 2015, Deutsche Bank didn’t report more than a million suspect bank transfers until February of this year. The new revelations add to the banks troubles, as it tries to gain back the confidence of regulators and customers alike. billion for selling bad U.S.

Report 110

Report Regulation Operations Fraud 110

PYMNTS

FEBRUARY 19, 2019

According to a report in Reuters , the financial regulator in Estonia caught the world off-guard with the move, demanding that Danske Bank close the branch and pay back customers within eight months. That contrasts with the bank’s plan to scale back operations in the country but still maintain a presence in Estonia.

Regulation 122

Regulation Report Operations Marketing 122

Abrigo

OCTOBER 14, 2022

Takeaway 3 Utilize regulatory guidance to understand regulators' expectations, which are likely to include consistent stress testing. They are having to outsource a lot and increase their operating expenses without any offsetting revenue and while dealing with supply chain issues.” Get to know regulator expectations and priorities.

Risk Management 195

Risk Management Management Policies Lending 195

PYMNTS

AUGUST 18, 2019

The New York State Department of Financial Services (DFS) announced that it has granted a charter under New York Banking Law to Bakkt Trust to operate as a limited liability trust company. This now enables us to offer institutional-grade custody via the Bakkt Warehouse alongside the federally regulated Bakkttm Bitcoin Futures contracts.”.

Bitcoin 165

Bitcoin New York United States Leadership 165

CFPB Monitor

AUGUST 13, 2020

The NCCF was established by the Consumer Credit Protection Act of 1968) to study consumer credit markets and recommend improvements in consumer credit regulations. In addition, the use of computers and communication systems and personnel to operate them also results in fixed costs. A $594 loan required a 103.54

Study 148

Study Survey National Analysis 148

PYMNTS

DECEMBER 27, 2019

Or maybe a relatively bland extended-stay operation right off the interstate. To learn more about the trend, PYMNTS recently caught up with Kulveer Taggar, co-founder and CEO of Zeus , a digital and mobile-focused operation that puts business travelers into furnished housing that Zeus rents from owners.

Los Angeles 139

Los Angeles San Francisco New York City Trends 139

PYMNTS

DECEMBER 2, 2019

These groups also face a common small- to medium-sized business (SMB) challenge — needing to track every transaction to prove fiscal responsibility to donors and regulators. according to the latest figures from the IRS, which monitors and regulates such organizations. trillion in expenses in 2015. There are approximately 1.56

Management 141

Management Taxes Groups Regulation 141

PYMNTS

NOVEMBER 19, 2020

Like restaurant owners and operators everywhere, restaurateur Chris Campbell of Boston’s Troquet on South has found the past eight months to be full of challenges. That honors the 2015 passing of Boston hot dog cart owner Ezra “Speed” Anderson, Campbell’s friend. like our liquor license tells us we can,” Campbell said.

Boston 268

Boston Regulation Maine US 268

PYMNTS

MAY 3, 2020

A lawsuit against Uber alleges that the company engaged in deceitful practices to drive its competitor Sidecar Technologies out of business in 2015, according to Reuters. Also, in London, Uber was stripped of its licensing to operate over concerns about false identities and safety on the app there.

San Francisco 174

San Francisco US Innovation Regulation 174

PYMNTS

SEPTEMBER 24, 2019

Aivar Rehe, the 56-year-old former executive of Danske Bank who was in charge during a 200 billion euro money laundering operation that made global headlines, has been missing for a second day in Estonia , according to a report by the Financial Times. He was reported missing by members of his family on Monday (Sept.

United States 116

United States Regulation Operations Capital 116

CFPB Monitor

JUNE 18, 2019

The FDIC’s findings should be carefully reviewed not only by banks subject to FDIC supervision but also by banks and other businesses supervised by other regulators who might raise similar issues. The CFPB has similarly articulated concerns with such arrangements, including in its Bulletin 2015-05. Skip-A-Payment Loan Programs.

FDIC 60

FDIC Compliance Regulation Training 60

PYMNTS

NOVEMBER 30, 2020

Founded in 2015 by Brad Birnbaum, chief executive officer, and Jeremy Suriel, chief technology officer, Kustomer is an omnichannel software-as-a-service (SaaS) and customer relationship management (CRM) firm that specializes in chatbot technology. Shopify teamed up with Kustomer in July to advance more efficient operations.

New York 140

New York Software Capital Regulation 140

PYMNTS

JULY 9, 2019

Facebook users in India have doubled since 2015 to 310 million and are predicted to hit 440 million by the year 2023. A top court in India signed off on the Reserve Bank’s 2018 crypto ban after operators on the country’s exchange protested.

cryptocurrency 137

cryptocurrency Bitcoin Regulation Regional 137

PYMNTS

MARCH 12, 2019

The Australian Securities and Investments Commission (ASIC) is criticizing top Australian banks for what the regulator said is an inefficient process of reviewing internal systems that allowed the banks to charge excess fees to customers. The Royal Commission has referred two dozen cases for regulators, which could result in prosecution.

Regulation 108

Regulation National Resources Security 108

PYMNTS

MARCH 29, 2018

In an effort to comply with local laws and regulations in China, Airbnb has announced that it will start sharing information with the Chinese government in a few days. Like all businesses operating in China, Airbnb China must comply with local laws and regulations,” a company spokesperson told BuzzFeed.

Regulation 101

Regulation Regional Policies Capital 101

Abrigo

AUGUST 20, 2015

According to recent data from the Agricultural Finance Databook , non-real estate farm loan volumes continued to rise in the second quarter of 2015, increasing by five percent over the second quarter of 2014. This growth continues the trend from the first quarter of 2015 , which saw an increase of eight percent year over year.

Lending 150

Lending Kansas City Kansas Analysis 150

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. In an announcement on Wednesday (Jan. “By acquiring TPS, MUFG gains its flexible, state-of-the-art functionality immediately.

Capital 150

Capital America blockchain Regulation 150

PYMNTS

FEBRUARY 19, 2019

The money in question was moved between 2007 and 2015. The bank originally planned to simply scale back its operations in the country, but not close completely. Total staff in those areas numbers around 3,000, but many employees won’t leave because Danske has a large back-office Lithuanian operation.

Regulation 109

Regulation Regional Operations Report 109

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

JULY 12, 2018

New York’s Department of Financial Services is recommending that online lenders are subjected to the same scrutiny and regulations that traditional banks face. All lenders must operate on a level playing field and address market risk. A bill signed by Governor Andrew M. Superintendent Maria T.

Online 100

Online New York Lending Regulation 100