Chris Skinner

FEBRUARY 28, 2018

Treasury Killed A Latvian Bank BBVA to pledge $100bn of finance into green energy projects New York regulator asks Deutsche, other banks about Kushner loans: source Bank of America hiring brand safety officer to ‘clean up’ online ads Lloyds pursued HBOS … The post Things worth reading: 1st March 2018 appeared first on Chris Skinner's (..)

New York 190

New York America Regulation Branding 190

Chris Skinner

SEPTEMBER 10, 2018

Things we’re reading today include … New York regulator approves Winklevoss, Paxos dollar-linked tokens Clydesdale tipped to start buying spree after investors back £1.7bn Virgin Money takeover ING CFO Timmermans to step down after $900 million money laundering fine The post-crash principle for banks: be moral or bust | Zoe … (..)

New York 171

New York Regulation 171

Chris Skinner

FEBRUARY 5, 2018

Things we’re reading today include … Bitcoin bombs below US$7,000 as sell-off accelerates amid bank bans and regulation concerns A Tiny Canadian Bank Is Building a Vault for Crytpocurrencies EU risks ‘serious’ impact on financial markets without trade deal, watchdog warns Lloyds Bank bans Bitcoin purchases on its credit cards (..)

Bitcoin 190

Bitcoin Regulation US Cards 190

Chris Skinner

NOVEMBER 13, 2018

Things we’re reading today include … IMF says governments could set up their own cryptocurrencies Australian court rejects regulator’s record fine against Westpac Top law firm linked to subject of UK’s first unexplained wealth order The scandal of Goldman’s secret agent Goldman Sachs bankers ‘cheated’ Malaysia over (..)

cryptocurrency 165

cryptocurrency Regulation 165

Chris Skinner

SEPTEMBER 27, 2018

regulator sues Musk for fraud, seeks to remove him from Tesla Goldman, JPMorgan, four others … The post Things worth reading: 28th September 2018 appeared first on Chris Skinner's blog. Brexit watch – experts debate data | Andrew Sentance and David Blanchflower U.S.

Fraud 165

Fraud Digital Banking Regulation Data 165

Chris Skinner

JULY 4, 2018

Things we’re reading today include … Lloyds agrees to give MPs report into what it knew about HBOS Reading fraud Top bankers accused of avoiding responsibility for stopping money laundering City of London struggles to unite on post-Brexit regulation Exclusive: China presses Europe for anti-U.S.

Fraud 171

Fraud Regulation US Report 171

CFPB Monitor

JUNE 15, 2022

The California Department of Financial Protection and Innovation (DFPI) has issued final regulations to implement SB 1235, the bill signed into law on September 30, 2018 that requires consumer-like disclosures to be made for certain commercial financing products, including small business loans and merchant cash advances. .

California 78

California Regulation CA Utah 78

Chris Skinner

JUNE 6, 2018

Things we’re reading today include … Ex-Anglo Irish Bank chief convicted of fraud Wells Fargo isn’t the only bank with fake accounts, regulators say Buffett, Dimon say quarterly profit forecasts harming economy: WSJ TSB says 1,300 people lost money through fraud since IT meltdown – as it happened The world’s … The (..)

Fraud 171

Fraud Regulation 171

Chris Skinner

FEBRUARY 20, 2018

Things we’re reading today include … Bitcoin has ‘pretty much failed’ as a currency, Bank of England Governor Carney says HSBC profits more than double to $17.2bn Top City regulator used tax break scheme Venezuela launches oil cryptocurrency MPs publish full unredacted report into RBS small business scandal HSBC warns … The post Things (..)

Bitcoin 177

Bitcoin Taxes cryptocurrency Regulation 177

Chris Skinner

OCTOBER 3, 2018

Things we’re reading today include … Race bias lawsuit against Morgan Stanley sent to private arbitration What a **checks notes** £1.2bn company looks like Fintech bolsters Bahrain resurgence as finance hub Watchdogs get a taste of their own medicine as regulators come under scrutiny Tech giants allied against proposed Australia … (..)

Regulation 157

Regulation Fintech Company 157

Chris Skinner

SEPTEMBER 12, 2018

regulators reject Wells Fargo’s plan to … The post Things worth reading: 12th September 2018 appeared first on Chris Skinner's blog. Why ‘stable coins’ are no answer to bitcoin’s instability JP Morgan in ‘full execution mode’ over Brexit as banks begin moving jobs Exclusive: U.S.

Bitcoin 157

Bitcoin Regulation 157

Chris Skinner

AUGUST 7, 2018

Things we’re reading today include … The shotgun marriage that could revive Deutsche Bank Australian regulator to embed supervisors in banks Down the sofa?:

Regulation 157

Regulation Data 157

Chris Skinner

JULY 9, 2018

Things we’re reading today include … Bank outages should be limited to two days, say regulators Banks told: Look, your systems WILL fail. What is your backup plan?

Regulation 157

Regulation System 157

Chris Skinner

APRIL 13, 2018

Things we’re reading today include … Investing app Stash partners with Green Dot to expand into banking Senator slams bank gun policies, threatens consumer complaint Regulators push to shrink big banks’ rainy-day fund by $121 billion Zopa creates new boards in governance shake-up ahead of bank launch Goldman boss: Brexit … The (..)

Policies 164

Policies Regulation 164

Chris Skinner

APRIL 9, 2018

Things we’re reading today include … City regulator faces £30m Brexit bill Deutsche Bank ousts British CEO after two-week boardroom battle Exclusive: U.S. Things we’re reading today include … City regulator faces £30m Brexit bill Deutsche Bank ousts British CEO after two-week boardroom battle Exclusive: U.S.

cryptocurrency 164

cryptocurrency Regulation 164

PYMNTS

SEPTEMBER 11, 2019

A network to better coordinate financial innovation among federal and state regulators is being launched by the Consumer Financial Protection Bureau (CFPB) in partnership with several states, the agency said in a press release. State regulators in every state were invited to join. .

Regulation 171

Regulation Innovation South Carolina Indiana 171

CFPB Monitor

DECEMBER 14, 2023

SB 1235, which was signed into law in 2018, requires consumer-like disclosures to be made for certain commercial financing products, including small business loans and merchant cash advances. .

California 78

California Regulation Innovation 78

PYMNTS

JANUARY 29, 2021

eCommerce giants, India is considering revising its rules after allegations surfaced that Amazon and Walmart’s Flipkart devised ways to sidestep investment regulations. India changed its foreign direct investment (FDI) rules in 2018 to stop international firms from selling goods from merchants they have a financial stake in. “Any

Regulation 178

Regulation US Policies Compliance 178

PYMNTS

JUNE 9, 2019

tech company on lobbying as the tech sector faces increased scrutiny and the potential for more regulation. million on lobbying in 2018 and for two years in a row has been the leading corporate spender among the tech companies. In 2009 Google spent $4 million on lobbying, with that increasing fivefold in 2018. million in 2018.

Google 115

Google Regulation Apple Report 115

PYMNTS

DECEMBER 3, 2019

If banks have additional questions regarding the Agriculture Improvement Act of 2018 (2018 Farm Bill) and its regulations, they can contact the USDA, state departments of agriculture and tribal governments.

Regulation 137

Regulation Guidelines FDIC Conference 137

PYMNTS

MARCH 17, 2019

The People’s Bank of China (PBOC) announced that it is planning to steadily develop a system of rules to regulate financial technology (FinTech) in the country. Without proper risk control mechanism personnel, without proper ways of communicating with regulation, it’s potentially becoming a very big risk going forward,” he added. “I

Regulation 192

Regulation Fintech Phoenix Risk Management 192

PYMNTS

APRIL 16, 2019

Another recently introduced piece of legislation aims to protect individuals by regulating facial-recognition cameras. IoT-related revenue grew by 15 percent in 2018, according to an industry study. While security concerns remain, the IoT market is continuing to expand. Find the rest of the feature story in the April IoT Tracker.

Regulation 204

Regulation Data Nevada blockchain 204

CFPB Monitor

AUGUST 12, 2021

SB 1235 requires the DFPI to issue regulations implementing the specific requirements of the disclosures that must be given to recipients. Compliance with the new disclosure requirements is not required until the DFPI’s final regulations become effective. Modifications to the proposal were issued in April 2021.

CA 78

CA Regulation California New York 78

CFPB Monitor

NOVEMBER 8, 2021

The California Department of Financial Protection and Innovation has published a fourth round of modifications to implement SB 1235 , the bill signed into law on September 30, 2018 that requires consumer-like disclosures to be made for certain commercial financing products, including small business loans and merchant cash advances.

CA 78

CA Regulation California Compliance 78

PYMNTS

DECEMBER 3, 2019

Airbnb has removed thousands of listings in Boston in response to new regulations regarding residency in the city, according to a report by CNBC. The company is facing increased regulation from cities all across the U.S. The company is facing increased regulation from cities all across the U.S.

Boston 131

Boston Regulation Company Marketing 131

TheGuardian

APRIL 13, 2023

Regulator says Carlos Abarca ‘failed to take reasonable steps’ to ensure outsourcing firm was ready to migrate accounts en masse UK regulators have imposed an £81,000 fine on a former TSB information officer over the bank’s IT meltdown in 2018 that left millions of customers locked out of their accounts.

Regulation 66

Regulation Company Data Security 66

PYMNTS

FEBRUARY 18, 2019

Facebook , which has been under fire for months over data scandals, expressed openness to new regulation. According to a report in Reuters citing Facebook’s public policy manager Karim Palant, the executive said the social media giant is “open to meaningful regulation.” His comments came following calls by lawmakers in the U.K.

Regulation 134

Regulation social media Company Google 134

PYMNTS

APRIL 2, 2019

And its reportedly the end of one of the first regulated exchanges for digital currencies, Gatecoin, The Next Web reported. Overall, it was noted that investors were put off by the digital currency bear market as well as the discordance between regulators and ICOs.

Bitcoin 108

Bitcoin Regulation cryptocurrency blockchain 108

PYMNTS

NOVEMBER 9, 2020

Regulation. EU Gears Up To Propose New Big Tech Regulations. Australian Regulator Looks Into Merger Law Changes. The regulation enables authorities in Turkey to take content off of platforms instead of restricting access as they had done previously.

Regulation 211

Regulation social media Compliance California 211

PYMNTS

MARCH 11, 2020

Consumer advocates are pushing federal banking regulators to do something about rent-a-banks with notoriously sky-high loan rates that prey on people with bad credit, the Wall Street Journal (WSJ) reported on Wednesday (March 11). South Dakota passed a law in 2016, followed by Colorado in 2018. Utah has no caps on interest rates. “A

Lending 145

Lending Regulation South Dakota Utah 145

PYMNTS

MAY 13, 2019

Henrik Ramlau-Hansen, the former chair of Denmark’s financial regulator and former Danske Bank finance director, has been charged by Danish economic prosecutors. Ramlau-Hansen chaired the Financial Supervisory Authority in Denmark from 2016 to 2018. He has recused himself from the investigation.

Regulation 139

Regulation Report Capital Marketing 139

PYMNTS

AUGUST 6, 2020

trillion in 2018. Corporates crave fast payments from banks, but financial institution (FI) payments are often hamstrung by regulations and cross-border frictions that FinTechs do not face. Payments are an omnipresent part of life for corporates and consumers alike, with the United States seeing 174.2

Regulation 245

Regulation Payments Innovation Fintech 245

CFPB Monitor

APRIL 14, 2021

The California Department of Financial Protection and Innovation (DFPI) has issued modifications to its proposed regulations to implement SB 1235, the bill signed into law on September 30, 2018 that requires consumer-like disclosures to be made for certain commercial financing products, including small business loans and merchant cash advances.

CA 78

CA Regulation California New York 78

PYMNTS

DECEMBER 5, 2019

regulators on Thursday (Dec. A glitch at TSB in April of 2018 left thousands of customers locked out of their accounts, with some reporting that they were able to access other people’s details. 5) called on banks and payment firms to set “impact tolerances” for important services after numerous IT failures last year, Reuters reported.

Regulation 132

Regulation Operations Policies Technology 132

CFPB Monitor

APRIL 12, 2023

A California federal district court recently denied the motion filed by the California Department of Financial Protection and Innovation (DFPI) seeking to dismiss a lawsuit filed by an advocacy organization seeking to enjoin DFPI from enforcing its final regulations (Regulations) implementing California’s commercial financing disclosure law.

California 78

California Regulation Innovation 78

PYMNTS

JANUARY 27, 2020

Regulators are looking into a possible merger between Dean Foods and Dairy Farmers of America (DFA) and its potential antitrust implications for the industry, according to a report by The Wall Street Journal. million in 2018. In November, the two entities announced they were looking into making a deal with each other.

Regulation 151

Regulation Texas America Branding 151

PYMNTS

MAY 9, 2019

European Union antitrust regulators are going to fine seven banks for manipulating the foreign exchange market, according to reports. regulators. Credit Suisse was charged by EU regulators last year with the same charge, Reuters reported.

Regulation 155

Regulation Marketing United States Report 155