American Banker

MARCH 26, 2024

The National Community Reinvestment Coalition, which has negotiated 21 such deals since 2016, opposes Capital One's proposed acquisition of Discover. The credit card giant says that it is "proactively meeting" with advocacy organizations to gather feedback that would help with the creation of a community benefits plan.

Community 80

Community Capital Meeting National 80

PYMNTS

FEBRUARY 4, 2019

A series of regulations was established to encourage a safer, more transparent financial services environment following the 2008 financial crisis. Failure to meet AML/KYC requirement challenges can be costly for FIs, too, with regulators issuing heavy fines for lax security practices or failure to devote sufficient resources to oversight.

How To 161

How To Regulation Compliance Meeting 161

Abrigo

FEBRUARY 10, 2022

The AMLA set the stage for establishing a national reporting system for beneficial ownership and for potentially changing current CDD/BO requirements in an effort to improve financial transparency and prevent criminals and terrorists from misusing companies to disguise illicit activity. BSA Rules and Regulation. Need to Know.

Training 195

Training Regulation Report Compliance 195

PYMNTS

MARCH 6, 2017

China’s Forex regulator wants the nation to open up its domestic market, reports said Friday (Mar. The article follows an announcement from the regulator last week that said it would enable foreign investors to enter its interbank bond market and trade FX derivatives, according to reports.

Marketing 100

Marketing Regulation Capital Compliance 100

PYMNTS

JULY 6, 2017

A report released this week by the Financial Stability Board, an international body that makes recommendations on the financial system for G20 nations, has raised concerns over the ongoing decline in interbank relationships. The FSB is advising regulators across the globe to clarify their banking and risk management rules for FIs.

Report 100

Report Compliance Regulation America 100

CFPB Monitor

NOVEMBER 7, 2016

In its Fall 2016 Supervisory Highlights , which covers supervision work generally completed between May and August 2016, the CFPB highlights violations found by its examiners involving origination and servicing of auto financing, debt collection, mortgage origination and servicing, student loan servicing, and fair lending.

Lending 83

Lending Report Regulation Policies 83

PYMNTS

MAY 22, 2019

In a letter, Snapdeal said some unnamed companies were taking advantage of “glaring loopholes” to operate inventory-based eCommerce models, adding that the “loud protests” over the new rules were an “indication of how effective this regulation” will be.

Meeting 116

Meeting Capital Policies Compliance 116

PYMNTS

SEPTEMBER 7, 2018

As of now, the central bank is tasked with looking over the compliance of banks to capital standards as well as other financial stability-related regulations. Monitoring money-laundering, however, is usually handled at the national level. and Dutch authorities to a firm owned by an Uzbek official.

Regional 109

Regional Compliance Regulation Meeting 109

FICO

NOVEMBER 1, 2016

Look no further than the US presidential debates , where our two candidates have highlighted the need to address hackers, security breaches and even foreign nations that may be using sophisticated cyber tactics to influence the outcome of the upcoming November elections. These days, cybersecurity is a hot-button issue in policy circles.

New York 40

New York Regulation Policies National 40

Independent Banker

DECEMBER 13, 2015

New Military Lending Act regulations kick in next fall. 1, 2015, and compliance with the rule is required by Oct. Credit card accounts are exempt from compliance until Oct. armed forces or servicemembers on active National Guard or Reserve duty, their spouses and their card-carrying dependents. 3, 2016, compliance date.

Lending 70

Lending Compliance Regulation Virginia 70

Abrigo

AUGUST 6, 2019

At the recent NYU Law Program on Corporate Compliance and Enforcement , FinCEN Director Kenneth A. Blanco discussed the organization’s active approach toward addressing the top financial threats to our financial system, our national security, and our communities and families.

System 264

System Las Vegas San Antonio San Diego 264

PYMNTS

NOVEMBER 21, 2018

She continued, “Many national payment systems are benefitting from considerable innovation and change,” adding that cross-border payments “totaled 1.8 times global GDP in 2016. Major changes are being proposed by current service providers, as well as startups that regulators need to research to better understand.”.

Payments 123

Payments Innovation National System 123

CFPB Monitor

SEPTEMBER 29, 2016

In a notice published in today’s Federal Register , the CFPB announced that it has given its “official approval” to a revised and redesigned Uniform Residential Loan Application (2016 URLA) and to the collection of expanded Home Mortgage Disclosure Act information on ethnicity and race in 2017.

Regulation 60

Regulation Compliance National Data 60

PYMNTS

JUNE 8, 2016

That goes for both businesses and government entities, according to eInvoicing firm Billentis in its 2016 E-Invoicing: Digitization & Automation report, released Monday (June 6). It’s a national-scale effort, Billentis argued, that also makes sense on the company-scale. In these markets, paper invoices continue to reign.

America 100

America Taxes Tools National 100

PYMNTS

DECEMBER 14, 2018

Last month, the Financial Stability Board (FSB) calculated a more than 4 percent decline in the number of these relationships between 2016 and 2017. Furthermore, businesses demand reliability and security, he said, and the assurance that services are provided by a regulated party. ”

Fintech 192

Fintech Payments Innovation Regulation 192

Fintech Labs Insights

MAY 2, 2017

The recent news that due diligence innovator OutsideIQ agreed to be acquired by compliance specialist, Exiger, is a sign that the RegTech revolution in fintech is real. Founded in 2010 and headquartered in Toronto, Ontario, Canada, OutsideIQ demonstrated its due diligence technology, DDIQ , at FinovateSpring 2016.

Compliance 16

Compliance Maryland New York Conference 16

ZootBlog

JUNE 8, 2016

In July 2015, the Department of Defense (DoD) passed major changes to the Military Lending Act (MLA) with target compliance dates of October 3, 2015 and October 3, 2017. The new MLA regulations significantly expand the applicable consumer credit products, along with several other key changes. The 2017 date applies only to credit cards.

Lending 60

Lending Regulation Taxes Security 60

CB Insights

SEPTEMBER 22, 2017

That 2017 is shaping up to be a big year for regtech is not surprising, considering the macroeconomic drivers affecting the space — including the increasing demands of the regulators and the large volume of regulation that companies are required to be in compliance with. RegTech Trends. ANNUAL FINANCING TRENDS.

Compliance 46

Compliance Trends Software Capital 46

FICO

JULY 14, 2016

We're looking for success stories for the 2016 FICO Decisions Awards. Awards will be presented in six categories: Analytic Excellence , Customer Onboarding and Management , Debt Management , Decision Management Innovation , Fraud Control and Regulatory Compliance. Dr. Dalvinder Singh, editor, Financial Regulation International.

Analytics 40

Analytics Conference Compliance Fraud 40

Independent Banker

JULY 29, 2016

These in-depth and timely professional development programs are designed exclusively for community bankers and led by nationally recognized industry experts who know the issues community banks grapple with. Many have been bankers themselves and sometimes industry regulators or attorneys. 11–14, 2016, in Denver. Lead FWD Summit.

Minneapolis 70

Minneapolis Community Bank Community San Antonio 70

Abrigo

SEPTEMBER 22, 2015

The new data reporting plan is available for public comment now, and if passed, would likely take affect for Q4 or first quarter 2016 call reports. Many community banks see this as a welcomed move towards offering smaller institutions some relief from the regulatory pressures of their larger, national counterparts.

Community Bank 150

Community Bank Community FDIC Survey 150

William Mills

SEPTEMBER 9, 2016

William Mills Agency will be live blogging at Finovate Fall 2016. I believe SEC regulations require a company to go public if they have more than 500 shareholders. Addresses compliance, fraud experience and customer experience analytics. Regulated Financial Institution. Check back for new updates throughout the day.

social media 40

social media ATM Mobile Customer Experience 40

Independent Banker

SEPTEMBER 22, 2015

Both of these laws pointedly changed the National Flood Insurance Program requirements over which of the banking agencies have jurisdiction. The HFIAA also amended the Biggert-Waters reform to attach the escrow requirement to the origination, refinance, increase, extension or renewal of a loan on or after January 2016.

Regulation 70

Regulation Policies Community Bank Taxes 70

Abrigo

SEPTEMBER 22, 2021

I think it’d be wise for institutions to take that advice to heart,” said Graham Dyer, Partner in the National Professional Standards Group of Grant Thornton LLP. Abrigo’s ALLL and CECL Software can help you streamline the allowance calculation while bridging your incurred loss model to CECL compliance. Credit Quality. Stress Testing.

Security 195

Security Examples National Report 195

Independent Banker

JANUARY 28, 2016

Anticipating safety and soundness exam issues in 2016. As in past years, community bankers will have a dynamic regulatory environment to contend with in 2016. IB: What safety and soundness issues are the regulators watching out for this year? What should community banks anticipate here?

Community Bank 70

Community Bank Community Regulation Lending 70

PYMNTS

SEPTEMBER 24, 2016

At the end of the year, there will be a minor competition to see what 2016 was “the year of.” ” If Karen Webster is right, 2016 will be known as “the year mobile hit its inflection point.” ” The CFPB might tell you that 2016 was “the year Wells Fargo proved that it is an essential regulator.”

Regulation 100

Regulation Training US How To 100

CB Insights

SEPTEMBER 11, 2018

Facebook stock is down and it faces investigation by a growing list of international regulators. Google has lost employees and also faces regulation. Apple: Director of privacy compliance. Facebook & Apple focus on Privacy & Compliance Policies. Amazon and Google are taking PR hits from the President.

Google 48

Google Apple Policies social media 48

PYMNTS

NOVEMBER 1, 2017

percent between 2016 and 2020. in early 2016, and has since launched in several other global markets. It also means encountering and addressing each new market’s regulations regarding fantasy sports and gambling. The company works hard to remain in compliance with expectations outlined by different nations’ regulatory bodies.

Payments 102

Payments Regional America Marketing 102

PYMNTS

SEPTEMBER 22, 2017

That’s nearly a billion dollars in funding, comparing favorably with the 45 percent logged in 2016. The slowdown in new businesses being founded in the 1980s and 90s was largely quarantined to certain segments – especially retail, where corner stores and regional brands were falling to larger national chains. We couldn’t agree more.

US 108

US Apple Innovation Regulation 108

CFPB Monitor

MARCH 8, 2017

The first RFI , issued in November 2016, seeks information about market practices related to consumer access to financial information. Echoing comments he made in October 2016 , Director Cordray also stated that the CFPB “remain[s] concerned about reports of some institutions that may be limiting or restricting access unduly.”

Conference 74

Conference Policies New York City Data 74

PYMNTS

APRIL 6, 2017

While these new ACH offerings are promising to quicken the pace of monetary transactions, the changes are also bringing new rules and regulations that directly impact how banks and other financial players operate. local time after Same Day ACH Phase One rolled out in September 2016.

Resources 100

Resources Training Payments Regulation 100

William Mills

APRIL 21, 2016

The Mortgage Bankers Association’s National Technology in Mortgage Banking Conference and Expo was held April 3 rd through 6 th in sunny Los Angeles, California. Discussions were driven by themes that are currently transforming the mortgage industry, one being the idea of customer experience.

Conference 40

Conference Los Angeles Customer Experience Millennials 40

NCR

NOVEMBER 21, 2016

In October 2015, the European Parliament passed the revised Payment Services Directive (PSD2), with EU member states given two years to make the required changes in national legislation to comply with the new rules. The legislation introduces and regulates two categories of third-party service providers. ” The fraud implications.

Fraud 40

Fraud Compliance Payments Exercises 40

PYMNTS

JUNE 24, 2016

When the regulators come marching in, getting out of the way is usually a better idea. And that, says the industry, is bad news, as costs of compliance with stricter regulation could be coming at exactly the moment these firms can’t take on any new costs. . Remember there is one within 15 minutes of 90 percent of Americans. .

Lending 101

Lending Online South Dakota North Dakota 101

Lex Sokolin

DECEMBER 25, 2019

Further, actually touching client funds immediately makes these apps into regulated custodians or money transmitters or financial advisors, which means a lot of compliance cost for little upside. Certainly, regulators will be asking the same question as the space grows more popular. all Fintech unicorns?—?that Is that likely?

blockchain 52

blockchain Bitcoin Software Lending 52

CB Insights

FEBRUARY 22, 2018

UBS, BARCLAYS, CREDIT SUISSE, AND OTHERS ARE PILOTING COMPLIANCE PLATFORM ON ETHEREUM. Walmart has been working with IBM since 2016, and said it helped reduce the time to track mango shipments from 7 days to 2.2 THE UNITED NATIONS EXPLORES DLTS AND BLOCKCHAINS FOR HUMANITARIAN AID AND CLIMATE SCIENCE.

blockchain 78

blockchain Illinois cryptocurrency Industry 78

PYMNTS

SEPTEMBER 21, 2020

billion transactions for potential suspicious activity and screened more than 157 million transactions for compliance with applicable sanctions requirements. As Standard Chartered noted to BuzzFeed in the wake of the FinCEN files report: "In 2019 we monitored more than 1.2 In one example, reported on Monday (Sept. billion in fines.

Fraud 347

Fraud Report System FDIC 347