PYMNTS

MARCH 16, 2018

Through the collaborative efforts of those with backgrounds in payments and security, the Federal Reserve’s Secure Payments Task Force has published “Payment Lifecycles and Security Profiles.” They also cover security methods — and identity management controls — along with relevant laws and regulations, among other topics.

Security 100

Security Payments Boston Fraud 100

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. of Massachusetts.

Bitcoin 108

Bitcoin Regulation cryptocurrency Virginia 108

PYMNTS

JANUARY 8, 2021

16, Massachusetts securities regulators filed a complaint against Robinhood alleging that the company aggressively marketed to inexperienced investors and failed to implement controls to protect them, violating state laws and regulations. The FinTech offers a brokerage app that is often favored by inexperienced investors.

Massachusetts 363

Massachusetts Fintech Millennials Retail 363

CFPB Monitor

DECEMBER 4, 2019

The Department of Defense announced in its Fall 2019 rulemaking agenda that it is engaged in proposed rulemaking to amend its Military Lending Act (MLA) regulations, apparently in order to allow non-bank creditors to provide secured auto financing for purchase transactions. (The How did we get here?

Regulation 88

Regulation Security Lending Course 88

Abrigo

FEBRUARY 9, 2024

billion laundered between 2015 and 2020 through the U.S. real estate between 2015 and 2020, and the actual number is almost certainly higher. residential real estate sector but safeguarding our economic and national security.” Know the red flags for money laundering. real estate market alone. billion through U.S.

Training 195

Training Fraud Trends Report 195

Abrigo

JUNE 15, 2023

billion laundered between 2015 and 2020 through the U.S. billion was laundered between 2015 and 2020 through the U.S. has lagged in passing laws and regulations preventing criminal proceeds from flowing into real estate. national security and the integrity of the U.S. real estate market alone. real estate market alone.

Training 195

Training Regulation Compliance System 195

PYMNTS

DECEMBER 30, 2020

Securities and Exchange Commission filed a lawsuit against Ripple for trading the cryptocurrency without registering it as a security. Ripple maintains “XRP is a currency, as the DOJ and FinCEN determined in 2015.”. Binance said in a blog post that it will suspend XRP trading on Jan.

Bitcoin 251

Bitcoin cryptocurrency Security Regulation 251

PYMNTS

FEBRUARY 1, 2017

The largest anxiety critics of the alternative lending space have today is a lack of regulation. Without investor protection and without regulation on the cost of financing, small and medium-sized businesses, those critics say, may be left in a tighter cash bind than they were before.

Regulation 100

Regulation Lending Industry Fraud 100

PYMNTS

SEPTEMBER 29, 2017

The EU’s PI licensing requirements are especially stringent, with strict requirements on PI infrastructure, shareholder qualifications, Know Your Customer (KYC) and AML policies and information security programs. To date, only 10 companies have obtained the license in Luxembourg.

Security 129

Security Payments Fintech United States 129

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. million between 2015 and 2017 through the Finnish bitcoin exchange.

Bitcoin 108

Bitcoin Regulation New York Video 108

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

AUGUST 11, 2020

Securities and Exchange Commission (SEC). “In light of the current capital markets condition, the Company is considering other alternatives and has determined not to proceed at this time with the offering and sale of the securities proposed to be covered by the Registration Statement. IPO via a document filed on Monday (Aug.

Course 250

Course US Operations Regulation 250

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

MAY 9, 2016

And, in 2015, the sector saw the creation of the Small Business Borrowers’ Bill of Rights , a voluntary code of ethics that industry players can follow. To find out what, exactly, is motivating the industry to self-regulate, PYMNTS spoke with OnDeck Vice President of External Affairs and Associate General Counsel Daniel Gorfine.

Regulation 100

Regulation Lending Capital Industry 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. JPMorgan Chase tapped an ex-regulator , Clive Adamson, to head up the efforts to launch the digital bank. JPMorgan Chase is taking steps to open a digital bank in the U.K. by the end of the year.

Digital Banking 255

Digital Banking Lending Regulation Operations 255

PYMNTS

DECEMBER 17, 2020

Securities and Exchange Commission has come to a head — and the stock-trading platform has agreed to pay $65 million to settle claims that it did not do enough to inform customers about its business deals with high-speed trading companies. The investigation into Robinhood by the U.S. The SEC reportedly filed charges on Thursday (Dec.

Massachusetts 185

Massachusetts Regulation Security Payments 185

PYMNTS

SEPTEMBER 26, 2016

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. The adoption of digital wallets is being fueled by companies such as Uber and Airbnb.

Regulation 100

Regulation Fintech blockchain Mobile 100

PYMNTS

JANUARY 21, 2021

He was on Ripple’s advisory board in 2015, is a former Coinbase executive, and was a key architect in the creation of the Dodd-Frank Act of 2010. The Biden Administration has a number of issues to tackle beyond the coronavirus, namely cryptocurrency, cybersecurity, national security threats, and money laundering.

cryptocurrency 290

cryptocurrency National Security Policies 290

PYMNTS

FEBRUARY 3, 2020

A new British bank that will launch later in 2020 is aimed at securing funding for farmers, according to a report. The bank secured its license from the Bank of England’s Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA). .

Security 198

Security Lending Community Regulation 198

PYMNTS

JANUARY 11, 2021

Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA). The London-based FinTech was founded in 2015 and has secured more than $580 million in funding on a $5.5 British challenger bank Revolut has submitted a banking license application to the U.K. 11) that having a U.K. billion valuation.

cryptocurrency 216

cryptocurrency Leadership Bitcoin Fintech 216

ZootBlog

DECEMBER 14, 2015

In 2015, the financial industry made a point to enhance the customer experience by leveraging massive amounts of data from phone calls, emails, mobile apps, ATMs, and websites. Regulations forced the issue, and the deadline for issuers and retailers to comply was October 1, 2015, or face liability for fraud losses.

Mobile 70

Mobile Customer Experience Analytics social media 70

PYMNTS

DECEMBER 2, 2020

Luxembourg regulators have given a thumbs-up to the FinTech PingPong , authorizing it to do business as an Electronic Money Institution (EMI). The San Mateo, California-based company said the new license would aid its expansion efforts and ensure that it can “provide a secure electronic wallet.”. The company is now valued at $1.5

Fintech 158

Fintech San Francisco New York California 158

PYMNTS

SEPTEMBER 6, 2016

In a world where payments become more invisible the more digital they become, there’s never been a better opportunity to consider new ways to enable the digital transformation of financial services in a secure and compliant way. Payments Security As A Digital Business Enabler. Or watch its digital disruption.

Security 100

Security CA Payments Big Data 100

PYMNTS

DECEMBER 14, 2018

They must deliver services that customers and clients demand while securing their personal data. In this month’s Deep Dive, PYMNTS examines how data can improve customers’ experiences, and how regulations can keep their data safe. Other data-focused regulations also went into effect this year. More Data, More Innovation.

Payments 180

Payments Regulation Data Security 180

Gonzobanker

DECEMBER 22, 2015

Well, what do we say about 2015? And, give or take a stumble or two, we snuck through it and did a reasonable job on 2015 objectives, in our humble opinion. So, it seems we’re good with only one outstanding item—digest the 2015 GonzoBanker Awards! 2015 Executive Call-out. Regulator Award. ” – Tom Armstrong.

Community Bank 60

Community Bank Apple Community Technology 60

PYMNTS

NOVEMBER 13, 2020

Securities and Exchange Commission ( SEC ) on Friday (Nov. The Commission’s order against Stumpf determines that he inked and certified statements with the body in 2015 and 2016 that “he should have known were misleading” when it comes to Wells Fargo’s cross-sell strategy and reported metric.

Fraud 230

Fraud California Community Bank Security 230

PYMNTS

JUNE 23, 2020

The German Federal Court has ordered Facebook to comply with an order from the country’s antitrust regulator and stop data collection of users in the country, Reuters reported Tuesday (June 23). At that time, Mundt said that the Federal Cartel was confident it had the power to impose regulation.

Data 209

Data social media Regulation Maine 209

PYMNTS

OCTOBER 8, 2018

The impact of Europe’s General Data Protection Regulation ( GDPR ) continues to take shape roughly five months after taking effect, and Facebook could be on the hook for billions of dollars in fines tied to a data breach of about 50 million user accounts. Crypto Regulations.

United States 174

United States Regulation cryptocurrency Cleveland 174

PYMNTS

JULY 24, 2020

has secured $80 million in new funding at a $5.5 Founded in 2015, Revolut began by offering prepaid debit cards that allowed users to avoid foreign exchange fees while traveling abroad. London startup mobile bank Revolut Ltd. billion valuation as part of its Series D round that kicked off five months ago.

San Francisco 255

San Francisco Fintech cryptocurrency New York 255

CFPB Monitor

DECEMBER 1, 2015

As we have previously observed, banks and other companies subject to the CFPB’s jurisdiction face the possibility that the CFPB could begin using its authority under Sections 1031 and 1036 of the Dodd-Frank Act (which proscribe unfair, deceptive or abusive acts or practices) to regulate cybersecurity policies and procedures.

Security 60

Security Company Data Policies 60

PYMNTS

OCTOBER 1, 2019

As fraudsters become increasingly aggressive, new global regulations and solutions are being deployed to keep consumers, merchants and banks safe. Federal regulators in the U.S., The agency reported that more than 21,000 individuals were tricked into sending $143 million in romance scams in 2018 — triple the rate reported in 2015.

Fraud 156

Fraud Millennials Regulation Trends 156

PYMNTS

FEBRUARY 3, 2020

A new British bank that will launch later in 2020 is aimed at securing funding for farmers, according to a report. The bank secured its license from the Bank of England’s Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA). .

Security 130

Security Lending Community Regulation 130

PYMNTS

DECEMBER 10, 2020

in 2015 and a staggering $13,421.44 Government regulators and cryptocurrency exchanges are frantically looking for ways to regulate and prevent the laundering of stolen money through cryptocurrencies, with some methods showing more promise than others. in 2018 before sharply decreasing to $3,869.47 The same year saw $2.8

cryptocurrency 222

cryptocurrency Compliance Bitcoin Regulation 222

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. Reports said analysts believe most of those cases relate to those advisory fees.

Regulation 108

Regulation National Resources Security 108

PYMNTS

NOVEMBER 9, 2020

The FinTech lender Tide is scrambling to secure the funding necessary to offer BBL top-ups to its customers. Tide was founded by banker George Bevis in 2015; London venture capitalist Eileen Burbidge serves as the bank's chair. Without it, those businesses could be blocked from applying through other means. .

Fintech 177

Fintech Lending Digital Banking Capital 177

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 and Frankfurt are now inquiring about the reasons for the delay.

Washington 200

Washington New York Regulation Report 200

PYMNTS

JUNE 28, 2019

An Italian data protection regulator hit Facebook with a fine of €1 million ($1.1M) for violating local privacy laws in relation to the Cambridge Analytica scandal, according to a report. We have said before that we wish we had done more to investigate claims about Cambridge Analytica in 2015.

Data 108

Data Regulation Security Company 108