CFPB Monitor

MAY 17, 2021

On May 6, 2021, the CFPB’s Office of Servicemember Affairs issued its eighth annual report summarizing its activities from January 1 through December 31, 2020. The Office also enhanced its flagship interactive financial educational program, titled “Misadventures in Money Management,” to add a specific military family learning module.

Report 78

Report Compliance Leadership Analysis 78

PYMNTS

JANUARY 25, 2021

In today’s top payments news around the world, India’s central bank wants stricter regulations for big shadow lenders, while global foreign direct investment (FDI) dropped last year and the pandemic will continue to impact it this year. The central bank of India wants more stringent regulations for large shadow lenders.

United States 217

United States Regulation Payments Lending 217

Abrigo

JULY 21, 2021

As part of the Financial Crimes Enforcement Network’s (FinCEN) first national priorities list for anti-money laundering and countering the financing of terrorism (AML/CFT) policies, one important priority continues to be detecting, reporting, and preventing terrorist financing. BSA Rules and Regulation. BSA Rules and Regulation.

Training 195

Training National Strategy Regulation 195

CFPB Monitor

AUGUST 20, 2020

Since early June 2020 when cries for racial justice resulted in a period of social unrest in the U.S., While it remains to be seen whether these initiatives will be effective and produce lasting results, they represent a significant, concerted effort by financial services regulators to promote greater financial inclusion and equality.

Regulation 78

Regulation FDIC Community Lending 78

Perficient

AUGUST 16, 2020

However, you may not know that there are certain rules/regulations that must be accounted for so you can remain compliant with FCC regulations. This law was signed on February 16, 2018, and officially went into effect on February 16, 2020. RAY BUAM’S Act. RAY BAUM’S Act will be enforced (starting January 6, 2021).

System 348

System Regulation Texas Compliance 348

Abrigo

OCTOBER 19, 2023

Launched to provide resources Cybersecurity Awareness Month was launched in 2004 by the National Cybersecurity Alliance (NCA) and the U.S. The idea was to create a national campaign to educate people about cybersecurity basics, such as using strong passwords, updating software, and avoiding phishing emails. million in 2020.

Online 222

Online Security Resources Training 222

PopularBank

MAY 25, 2021

Popular Bank Senior Vice President and Director of National Healthcare Financing Andrew Boland joined fellow industry leaders for the Environmental Banker Association (EBA) panel discussion How COVID Changed Senior Living & Care Underwriting. Are you following current regulations? We asked questions about their safety.

National 52

National Industry Lending Strategy 52

Tomorrow's Transactions

JUNE 9, 2020

2020 has been dominated by the COVID-19 pandemic threatening our way of life, challenging our resourcefulness and resilience, on a global scale not experienced since the World War ended 75 years ago. Over the past years, cloud-based services have become popular as they provide and manage resilient resources on behalf of an organisation.

Resources 82

Resources Risk Management Operations Regulation 82

Abrigo

FEBRUARY 8, 2022

Takeaway 2 NBFIs should ensure their AML programs are sound and pass the scrutiny of FinCEN and their primary regulators. Stay up to date on regulations affecting NBFIs and other BSA trends. Below are 10 things NBFIs should do to ensure their AML programs are sound and pass the scrutiny of FinCEN and their primary regulators.

Compliance 195

Compliance Training Regulation Fraud 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

JANUARY 7, 2021

The World Health Organization (WHO) is warning that Europe is likely entering into the “acute” phase of the COVID-19 pandemic as nations scramble to quell the latest surge in infections. The approval is the second by European regulators, who greenlighted a vaccine developed by Pfizer and Germany’s BioNTech last month.

National 195

National Regional United States Policies 195

Abrigo

JANUARY 25, 2021

Takeaway 3 Network with other bankers, auditors, regulators, and Abrigo experts. Abrigo’s annual conferences have brought together industry experts, financial institution peers, BSA/AML professionals, CPAs, auditors, and regulators for nearly two decades. Reasons to attend. Why ThinkBIG 2021? Drive Growth.”

San Antonio 195

San Antonio Conference Lending Texas 195

South State Correspondent

MAY 13, 2024

The major themes of fraud, artificial intelligence (AI), expansion of instant payments, open banking, and regulation were particularly relevant to your roles as executives, risk managers, compliance officers, and technology leaders. As such, the National Security Agency (NSA ) is calling for banks to be compliant by 2030.

Conference 195

Conference Payments Fraud Data 195

Abrigo

NOVEMBER 2, 2021

On January 1, 2021, the Senate voted into law the National Defense Authorization Act (NDAA). Within the NDAA, the Anti-Money Laundering Act of 2020 (AMLA) became law and amends the Bank Secrecy Act (BSA) for the first time in nearly two decades. With the 2021 change in administration in Washington, D.C., financial institutions.

Compliance 195

Compliance Regulation Resources Policies 195

South State Correspondent

JUNE 7, 2023

Any company that retained employees for the second quarter of 2020 through the end of the year in 2021 AND can prove they were impacted by the pandemic’s related closures and supply chain disruptions would be eligible. Unable to hold in-person meetings—with customers, partners, regulators, industry representatives, and more.

Taxes 195

Taxes Meeting Operations ATM 195

Abrigo

JULY 16, 2021

Takeaway 1 FinCEN published its first list of priorities for AML/CFT policy, as required by the Anti-Money Laundering Act of 2020 (AMLA). Takeaway 2 Regulations haven't been written, but there are steps community financial institutions can take now to prepare. financial system and national security. How to prepare.

Community 195

Community Regulation Training Policies 195

CFPB Monitor

JUNE 12, 2020

New debt collection rules creating requirements relating to consumers’ language proficiency are set to take effect in New York City on June 27, 2020. The new rules amend NYC’s existing debt collection regulations applicable to creditors collecting their own debts as well as third-party collection agencies.

New York City 78

New York City New York Regulation Resources 78

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. More is expected on this later.

Fraud 222

Fraud Regulation Report Compliance 222

Abrigo

JULY 28, 2021

Takeaway 1 Allowance levels jumped in Q1 2020 for SEC filers due to the transition to CECL and the start of the pandemic, but FIs began releasing reserves in Q1 2021 as conditions improved. In 2020, most SEC-filing institutions were required to move to the new current expected credit loss, or CECL, model. Let’s think back to Q1 2020.

Risk Management 195

Risk Management Operations Trends Data 195

Abrigo

NOVEMBER 22, 2021

Consumer lending compliance — like other aspects of enterprise risk management at financial institutions — saw a huge impact from the COVID-19 pandemic. Major consumer loan compliance regulations. Regulation B, implementing the Equal Credit Opportunity Act (ECOA) for fair lending. Pandemic Issues.

Compliance 195

Compliance Lending Risk Management Regulation 195

Perficient

JANUARY 18, 2021

While 2020 was “unprecedented,” with a Democrat-led federal government, I expect a lot to change in healthcare. Telehealth will continue to disrupt the primary care / urgent care market, especially as national providers staff physicians in lower cost areas and circumvent traditional barriers like physician licenses.

System 322

System Regional Trends Marketing 322

CFPB Monitor

MAY 7, 2020

The Bureau states that “neither ECOA nor Regulation B mandate the use of any particular list of reasons. The Fed’s referral involved pricing discrimination based on national origin, race, and sex, and the NCUA referral involved discrimination on the basis of age. On May 20, 2020, from 12 p.m. Student loan origination.

Lending 78

Lending Report FDIC Policies 78

PYMNTS

SEPTEMBER 30, 2019

Scrutiny of tech firms is spreading across the globe, hinting at broader regulations over privacy and, possibly, bigger tax bills. As reported last week , Haruhiko Kuroda, the Bank of Japan governor, on Tuesday, said that international regulators must cooperate when it comes to regulating stablecoins like Libra, Reuters reported.

Taxes 133

Taxes Regulation cryptocurrency Google 133

BankUnderground

JUNE 29, 2023

In March 2020, as Covid morphed into a global pandemic, financial institutions around the world struggled to obtain liquidity and funding – with the subsequent ‘dash for cash’ even causing stress in the US Treasury market ( Ivashina and Breckenfelder (2021) , Vissing-Jorgensen (2021) , FSB (2020a) ).

Policies 83

Policies Regulation US Analysis 83

PYMNTS

FEBRUARY 15, 2018

He said that in his own state of Washington, state regulators have been looking at those issues for some time to determine the possibility of some sort of reciprocity or sharing of information. “It The pilot being run with those initial seven states will provide some answers for how state regulators can streamline the process.

Washington 101

Washington Regulation Conference Fintech 101

Abrigo

JANUARY 31, 2023

From the Anti-money Laundering Act of 2020 (AMLA) to the SAFE Banking Act, here is a high-level look at what updates did occur and what hot topics banks will still be watching in 2023. The next expected rulemaking will revise FinCEN’s customer due diligence (CDD) rule to bring current regulations in line with the first two rules.

Fraud 195

Fraud Training Regulation Trends 195

PYMNTS

DECEMBER 9, 2020

Lukies said that prior to the 2008 financial crisis, regulators and the like normally left banks to their own devices, as long as they didn’t mess it up so that people couldn’t pay their bills or go shopping. But fast-forward to 2020, and the world is a very different place. Banks Let Themselves Get Left Behind.

Innovation 306

Innovation Fintech Payments Regulation 306

PYMNTS

JANUARY 6, 2020

3, 2020, the California Consumer Privacy Act (CCPA) went into effect, ushering in the strongest consumer data protections in the U.S. While the new regulations are creating uniformity and fostering trust, small differences between markets continue to present opportunity. The Kismet of Open Banking. And there are other barriers, too.

Fintech 130

Fintech Regulation California System 130

Abrigo

APRIL 30, 2020

Key Takeaways Federal and state banking regulators have eased coronavirus workout pressures. Financial institutions across the country should establish effective plans for managing loan workouts. 1, 2020, and the earlier of 60 days after the termination of the National Emergency, or Dec. Qualifying loan modifications.

Strategy 195

Strategy Meeting Software National 195

Abrigo

JULY 28, 2021

Community financial institutions required to complete the current expected credit loss (CECL) standard implementation by 2023 are undoubtedly busy managing record-low net interest margins, pandemic-related uncertainties, and operational issues, as well as their own strategic initiatives. Benefits of earlier CECL implementation.

Resources 195

Resources San Antonio Data Regulation 195

PYMNTS

NOVEMBER 26, 2019

BitBay has announced that monero (XMR) will no longer be tradeable starting in February 2020. Compliance with market standards and regulations allows us to provide our clients with legal security and convenience of using the exchange, with the participation of a friendly banking system and the availability of payment operators,” BitBay said.

Bitcoin 141

Bitcoin ATM Risk Management Compliance 141

CFPB Monitor

FEBRUARY 17, 2021

companies regulated by the CFPB appear to take consumer issues reported to the Bureau seriously, and if any are slow to respond, it would be a small fraction of only 3% of CFPB-regulated entities. What does all of this mean for regulated financial institutions and financial services companies? Based on that statistic, U.S.

Regulation 78

Regulation Study Community Leadership 78

Abrigo

DECEMBER 17, 2021

What better w ay to strengthen your financial institutions ' culture of compliance and build your use case for your senior management than through a comprehensive staffing assessment? Remember, regulators don't care how much you have in your budget for staffing. BSA Rules and Regulation. Be Prepared. Download our guide.

Compliance 195

Compliance Training Fraud Resources 195

PYMNTS

OCTOBER 16, 2018

So, it is in far-flung corners of the globe where, in recent days, regulators and cross-border efforts have promoted a bit of cross-pollination between tech-savvy upstarts and more entrenched players in the financial arena. At times, that collaboration even moves with a bit of regulatory underpinning.

Fintech 188

Fintech Regulation cryptocurrency Innovation 188

Abrigo

JULY 23, 2021

The regulations are forthcoming, but institutions now should begin the process of performing a threat-focused risk assessment which will guide them where to focus their efforts. The North Korean government has been also found to have used chemical weapons against its own nationals. Included as a Priority is Proliferation Financing.

National 195

National Training United States Regulation 195

Lex Sokolin

DECEMBER 25, 2019

As 2020 sneaks upon us, it’s the season for predictions and prognostications. a wealth management service from Set Protocol. For example, you could get free financial advice from the Schwab roboadvisor, but you will pay the management fee pn the ETFs from which the portfolio is made. Happy holidays, good people!

blockchain 52

blockchain Bitcoin Software Lending 52

FICO

DECEMBER 13, 2019

The most prominent villain for fintech companies is regulation. And so it’s easy to see why a fintech company — believing fully in the virtue of its mission and faced with a litany of illogical and intractable regulations — might just say "F*ck it, we're doing it anyways." A Prediction for the 2020s. A Prediction for the 2020s.

Regulation 52

Regulation Fintech Lending Branding 52