PYMNTS

OCTOBER 5, 2018

. In the rundown of how individual countries rank, in terms of regulators levying fines on people and corporations, the United States tops the bill. Fines against companies were up two percent between 2016 to 2017 and over that same period were up 23 percent against individuals. million euros in 2016 to 2.9 billion.

Regulation 100

Regulation US United States Compliance 100

Jeff For Banks

APRIL 6, 2021

The study also analyzed the impact of the change in oversight intensity brought about by the 2016 election. The first was regulator arbitrage, where a bank decides to have an activity regulated by one entity rather than another because of the perception that the chosen regulator will be less risky to them. This is good.

Regulation 78

Regulation Philadelphia Study Lending 78

Chris Skinner

APRIL 21, 2016

Things we’re reading today include … Greek talks with lenders fraught as fears grow of default Hedge fund manager goes from billionaire to millionaire in profits plunge US regulators target incentive pay for ‘significant risk-takers’ at financial firms China launches online finance crackdown John Maynard Keynes died 70 years (..)

Regulation 150

Regulation US Online Management 150

PYMNTS

DECEMBER 28, 2016

PYMNTS consulted 21 payments executives from across the industry to share their insights on the biggest takeaways from 2016 as part of the “Payments 2016, The Year Of…” eBook. Payments 2016: The Year Of Capitulation . The year 2016 was the year of capitulation by FinTechs to the traditional banking industry. Regulation.

Payments 128

Payments eBook Fintech Regulation 128

PYMNTS

MARCH 16, 2018

regulators’ investigations into Wells Fargo ’s sales practices has expanded into the financial institution’s wealth management operations, according to news from The Wall Street Journal. Some of those sources also said the Federal Bureau of Investigation is speaking with some employees in the wealth management unit.

Management 101

Management Conference Regulation Report 101

Insights on Business

MAY 1, 2019

While deregulation has been a trend over the past few years, compliance monitoring and regulatory change management remains a top focus for financial institutions of all sizes. Some of the key themes our panelists discuss will focus on these main areas: 1. Volume of regulatory alerts.

Compliance 122

Compliance Management Regulation Analysis 122

PYMNTS

OCTOBER 21, 2016

The fleet management market is estimated to grow from $9.54 billion in 2016 to $27.9 According to MarketsandMarkets, the increasing need for operational efficiency is expected to be the primary driver for the fleet management market during the forecast period. billion by 2021 at a CAGR of 23.9

Management 100

Management Marketing Regional System 100

PYMNTS

AUGUST 29, 2017

federal and state laws require financial institutions to set policies and procedures to detect and prevent illicit money transfers, including screening customers and reporting suspicious transactions to regulators. The Pakistan bank said it will “vigorously contest” the fine in U.S.

New York 102

New York Regulation Compliance United States 102

PYMNTS

AUGUST 2, 2018

Accounts receivable (AR) management solutions provider Invoiced has enhanced its platform through a partnership with U.K.-based Invoices are also compliant with that geographic market’s regulations, Invoiced said. based GoCardless in an effort to streamline payment acceptance for business users.

Management 101

Management Survey Payments Data 101

PYMNTS

DECEMBER 4, 2019

The OCC has the power, after a $1 billion settlement it made with the bank last year, to compel the bank to make changes to its senior management, or board of directors. The OCC wrote a letter in July outlining a to-do list for the department, saying that it needed to handle thousands of complaints and handle compensation structures.

Regulation 130

Regulation Resources System Operations 130

PYMNTS

DECEMBER 26, 2016

PYMNTS consulted 21 payments executives from across the industry to share their insights on the biggest takeaways from 2016 as part of the “Payments 2016, The Year Of…” eBook. Here is the response from Sarah Clark, general manager, identity, Mitek … Payments 2016: The Year Mobile, Biometrics And Trust Converged.

Mobile 109

Mobile Payments eBook User Experience 109

Abrigo

JANUARY 3, 2024

Treasury’s Financial Crimes Enforcement Network (FinCEN) recently issued a new regulation on the requirements, including how AML staff will access the information through a new federal beneficial ownership information (BOI) registry. This is in line with the current CDD regulations. Effective Jan. Be ready for AMLA-related changes.

Fraud 221

Fraud Regulation Report Compliance 221

PYMNTS

JULY 22, 2016

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., Investors seem confident in the industry’s startups and their ability to provide adequate risk management and underwriting for their loans; VCs provided more than $11.5 ezyCollect.

Lending 100

Lending Regulation Big Data Risk Management 100

PYMNTS

JANUARY 21, 2020

Global Economics Group (GlobalEcon) has branched out in China with the opening of an office in Shanghai, its second location in the country, the economic management consulting firm announced on Tuesday (Jan. Vanessa Yanhua Zhang, and is also comprised of economic experts, senior economists, professional associates and managers.

Analysis 130

Analysis Boston Chicago New York 130

American Banker

OCTOBER 8, 2020

The regulator found that the financial services company failed to take precautions in disposing of hardware that contained sensitive customer information.

Data 93

Data Regulation Company Cyber Security 93

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.”

System 147

System Regulation Resources Meeting 147

CFPB Monitor

JULY 6, 2016

In its Summer 2016 Supervisory Highlights , which covers supervision work generally completed between January and April 2016, the CFPB highlights violations found by its examiners involving automobile origination, debt collection, mortgage origination, small-dollar lending, and fair lending. million to more than 257,000 consumers.

Lending 68

Lending Regulation Compliance System 68

CFPB Monitor

AUGUST 4, 2016

The CFPB has issued its 2016 Plain Writing Act Compliance Report. In the new report, as in previous reports, the CFPB states that while the PWA does not apply to regulations, it generally provides summaries written in plain language at the beginning of proposed or final consumer protection regulations.

Compliance 60

Compliance Report Regulation Taxes 60

PYMNTS

MAY 30, 2016

And to make sure that everyone starts off 2016, Part II on the same footing, we thought we would bring you a few of the top trending stories, as well as hot data/research topics, that will give you a head start on that all-important planning for 2016 and beyond. Store Front Business Index: Main Street USA, A-OK? Financial Inclusion.

Trends 100

Trends Retail Fraud Mobile 100

PYMNTS

JULY 20, 2016

We’re a few weeks away from the opening ceremonies of the 2016 Summer Olympic games, to be held, this time, in Rio de Janeiro, Brazil. ” That may be the case due to a lack of research into suppliers, local tariffs and regulations, or it could be due to FX volatility. . “The Olympics are a global activity.”

Course 100

Course Payments Regulation Company 100

PYMNTS

JANUARY 23, 2020

“The actions announced by the OCC today reinforce the agency’s expectations that management and employees of national banks and federal savings associations provide fair access to financial services, treat customers fairly, and comply with applicable laws and regulations,” Comptroller of the Currency Joseph Otting said.

Community Bank 185

Community Bank Regulation Community Meeting 185

PYMNTS

SEPTEMBER 29, 2020

29) announced a deal for the AML platform of Beam Solutions , a San Francisco-based startup that focuses on transaction monitoring and helping financial companies comply with KYC regulations. Another key component of the platform is helping companies manage various KYC and AML regulations in different jurisdictions across the world.

San Francisco 153

San Francisco Compliance Regulation cryptocurrency 153

PYMNTS

MARCH 9, 2020

Duke and Quigley were supposed to testify before the House Financial Services Committee on Wednesday (March 11) after a report outlined extensive lapses by Wells Fargo’s upper management. . Between 2016 and 2018, the Fed, CFPB and OCC petitioned Wells Fargo to institute internal changes to head off future problems.

America 144

America Regulation Report Management 144

PYMNTS

JANUARY 24, 2021

At least at first, the regulations place requirements only on larger companies. India uses its Invoice Registration Portal to track business activity and ensure compliance with tax laws.

Taxes 178

Taxes Compliance Software Fraud 178

PYMNTS

SEPTEMBER 17, 2018

The regulator doesn’t have the power to slap Credit Suisse with fines, noted the report. FINMA said the manager violated the bank’s compliance regulations several times over the past few years. FINMA, according to the report, has been looking at banks in relation to the corruption at FIFA , Petrobras and PDVSA.

Georgia 143

Georgia Regulation Maine Policies 143

PYMNTS

JULY 20, 2020

A group of Uber drivers in England have filed suit against the ride-hailing company for its alleged failure to provide access to data and an explanation of algorithmic management. Uber has insisted that drivers are self-employed and not subject to management control. The lawsuit by the App Drivers and Couriers Union (ADCU), a U.K.-based

Los Angeles 167

Los Angeles California Data Regulation 167

PYMNTS

JANUARY 7, 2021

The representative noted that the company has been “cooperating with a regulatory review of small business card sales between 2015 and 2016” as of the spring of 2020, according to the paper. “We Representatives of the Fed, FDIC and Treasury inspectors general offices would not comment on the matter, the paper reported.

Cards 242

Cards FDIC Policies Risk Management 242

PYMNTS

APRIL 18, 2016

better known worldwide as Ant Financial — is the owner of China’s most popular payments platform, Alipay, and the manager of Yu’E Bao, the nation’s largest money market fund. Zhejiang Ant Small & Micro Financial Services Group Co. Currently, Ant is targeting a private round of fundraising for at least $3.5

New York 100

New York Taxes Maine Groups 100

Celent Banking

OCTOBER 17, 2016

I’m off next week to attend the Annual Association for Financial Professionals (AFP) conference, hoping to bring back developments in the world of corporate treasury and treasury management. It remains for banks to integrate the new payment type into their corporate digital channels and to determine product pricing.​.

blockchain 100

blockchain Conference Compliance Technology 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

JANUARY 23, 2020

“The actions announced by the OCC today reinforce the agency’s expectations that management and employees of national banks and federal savings associations provide fair access to financial services, treat customers fairly, and comply with applicable laws and regulations,” Comptroller of the Currency Joseph Otting said.

Community Bank 136

Community Bank Regulation Community Meeting 136

PYMNTS

OCTOBER 6, 2020

Ayoub Jemail has been assigned the role of general manager of business development for the region, the company stated in the announcement on its website. The new risks and heavier use of remittance systems have also led to rapid changes in regulations.

Fintech 174

Fintech Regional Fraud Meeting 174

PYMNTS

MARCH 1, 2020

Lead book-running managers for the IPO included Goldman Sachs, Morgan Stanley and BofA Securities. Book running managers were Credit Suisse, Piper Sandler and William Blair. Co-managers are Baird and SVB Leerink. The company’s workforce grew from 756 people in November 2016, to 1,174 by Nov. 30, 2019. .

Mobile 165

Mobile Philadelphia Seattle Washington 165

PYMNTS

JANUARY 12, 2021

Other firms also warned the regulator about Wirecard's possible money laundering and fraud activity. In addition, an EY whistleblower said the global accounting firm had reportedly known since 2016 that Wirecard senior managers had committed fraud and one might have tried to bribe an auditor.

Fraud 175

Fraud Report Regulation Groups 175

CFPB Monitor

DECEMBER 17, 2015

The CFPB’s Deputy Assistant Director for origination recently warned mortgage lenders of the four main examination priorities for 2016—loan originator compensation plans, the ability-to-repay rule, the TILA-RESPA Integrated Disclosures (TRID) rule , and marketing service agreements. Matthew Smith and Richard J. Andreano, Jr.

Compliance 60

Compliance Regulation Training California 60

PYMNTS

DECEMBER 9, 2018

ATM machine companies in India are warning that they will have to shutter as many as half of India’s cash machines because of new regulations, reported the Financial Times. Some of the new regulations go into effect in 2019 and call on the cash machine companies to upgrade software of many of the 240,000 ATMs in India.

ATM 182

ATM Regulation Industry Report 182

PYMNTS

DECEMBER 1, 2019

In December 2018, it became the first P2P lender to be granted a conditional banking license by the Financial Conduct Authority (FCA), with plans for its digital bank offering to include a fixed-term savings product, a credit card and a money management app.

Digital Banking 142

Digital Banking Capital Regulation Lending 142