CFPB Monitor

MAY 31, 2022

On May 19, 2022, the Associate Director of the Enforcement and Compliance Division of the Financial Crimes Enforcement Network (“FinCEN”), Alessio Evangelista, spoke at the Chainalysis Links Conference in New York City on the topic of “The Intersection of Cryptocurrencies and National Security.” Responsible Innovation “.

cryptocurrency 146

cryptocurrency Innovation DC National 146

CFPB Monitor

FEBRUARY 10, 2021

On January 14, 2021, the NCUA and CFPB announced the agencies have entered into a memorandum of understanding relating to their joint supervision of federally insured credit unions over $10 billion in assets. The MOU adds to the current collaboration framework and does not replace existing MOUs between the agencies and state regulators.

Training 78

Training Compliance Meeting Leadership 78

Cisco

OCTOBER 4, 2022

In June 2021, following large cyber attacks on the United States and the resulting Executive order on Cyber security, the FFIEC released the largest update in guidance in over a decade to help financial auditors assess financial institutions. In Summary. This blog even as summary is quite long.

Operations 118

Operations Software Risk Management Management 118

FICO

JANUARY 13, 2020

While current FCC leadership has tried to address some of the other issues implicated in the 2018 decision (e.g., While regulators have formed an inter-agency working group to develop viable reform measures, Congress has recently taken action to address the problem. I believe this deadline will be extended. by Daniel Nestel.

Policies 52

Policies Las Vegas FDIC Washington 52

Abrigo

FEBRUARY 8, 2024

Takeaway 2 Client fraud education at financial institutions should include takeaways that explain how to protect themselves from phishing and tips for staying secure online. While fraud detection software and robust security measures are essential, educating clients on fraud prevention is equally important. According to the FTC , $2.7

Fraud 195

Fraud Resources social media Software 195

Independent Banker

SEPTEMBER 30, 2021

Building trust in your institution has a lot to do with technology, from implementing strong data security practices to humanizing your online customer interactions. In early 2021, a customer approached a teller at Kennebec Savings Bank in Augusta, Maine, and asked to withdraw $20,000. Illustration by Ahoy There. It’s in their DNA.

Community 139

Community Community Bank social media Security 139

CFPB Monitor

DECEMBER 15, 2020

It represents the CFPB’s fourth rulemaking agenda under Director Kraninger’s leadership. Other items listed in the agenda on which the CFPB expects to take action before the end of this year and next year include: Business Lending Data (Regulation B). The agenda estimates pre-rule activity in March 2021.

Policies 78

Policies Regulation Data Lending 78

CFPB Monitor

JANUARY 28, 2021

With Director Kraninger having submitted her resignation to President Biden last week, the report represents the CFPB’s fifth and final semi-annual report under Director Kraninger’s leadership. The report describes the most frequently cited Regulation Z and Regulation E violations during 2019. to 1:30 p.m.

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Report Leadership Lending Regulation 78

Abrigo

AUGUST 27, 2021

In March of 2020, the US Department of Treasury, the Office of Fiscal Service, and the Internal Revenue Service provided 3 rounds of fast monetary relief in response to the COVID-19 pandemic in the United States through the passing of the Coronavirus Aid, Relief, and Economic Security ( CARES ) Act. BSA Rules and Regulation.

Fraud 195

Fraud Training Regulation Video 195

Abrigo

SEPTEMBER 14, 2022

In 2011, the CFPB interpreted Section 1071 to mean that obligations for financial institutions to collect, maintain, and submit data “do not arise until the [CFPB] issues implementing regulations and those regulations take effect.” Those implementing regulations were coming. Lending Regulation. Lending Regulation.

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Lending Data Regulation Community 195

Gonzobanker

DECEMBER 19, 2022

As if that wasn’t enough, regulators took a sledgehammer to debit fee income with Reg II changes that will begin reducing card-not-present interchange fees starting in July 2023. In 2021, there were more than 120 fintech IPOs in the U.S., Newman also architected 25 business acquisitions from 2000 through 2021.

Community 216

Community Fintech Industry Innovation 216

Gonzobanker

DECEMBER 14, 2023

Under Stuart’s leadership over the past 17 years, OnPoint has gone from under $2 billion in assets to knocking on the door of $10 billion, all while becoming the most recognized financial brand in the Portland market and achieving some of the industry’s best profitability in 2023. The Bank Regulator Working for Merchants Award!

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Fintech Community Regional Technology 195

CFPB Monitor

DECEMBER 29, 2020

The CFPB took another significant step towards issuing regulations to implement Section 1071 of the Dodd-Frank Act by releasing the final report of the small business review panel (Panel) on the proposals the Bureau is considering for developing such regulations (Report).

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Report Leadership Meeting Industry 78

CFPB Monitor

JULY 6, 2020

It represents the CFPB’s third rulemaking agenda under Director Kraninger’s leadership. The CFPB recently proposed amendments to Regulation Z pursuant to this directive. Qualified Mortgage Definition under the Truth in Lending Act (Regulation Z). Amendments to Regulation Z to Facilitate Transition from LIBOR.

Regulation 78

Regulation Policies FDIC Lending 78

FICO

JANUARY 25, 2022

So how are companies faring in adopting Responsible AI, making sure they are using artificial intelligence ethically, transparently, securely and in their customers’ best interests? To drive the responsible use of AI in their organizations, senior leadership and boards must understand and enforce auditable, immutable AI model governance.

Management 52

Management Analytics Survey Data 52

CFPB Monitor

FEBRUARY 3, 2021

In a memorandum issued on January 26, 2021, President Biden has ordered the Secretary of the U.S. As a result, the 2020 Rule will likely face an uphill battle to remain intact when reviewed by new HUD leadership. The use of disparate impact analysis has also been a controversial issue for the CFPB.

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Massachusetts Leadership Analysis Community 78

PYMNTS

MARCH 10, 2020

Scharf noted the recent changes to leadership, with the creation of the new chief operating officer role , where 75 percent of the operating committee being put into place is new to the firm, having joined since the beginning of 2018. Efforts to implement widespread fixes, he said, would not be complete till 2021. Separately, Rep.

North Carolina 130

North Carolina Kentucky Compliance Capital 130