Gonzobanker

DECEMBER 17, 2021

Gonzo readers, 2021 was just plain schizophrenic. 2021 fintech investments, merger activities, and overall focus were off the charts. Two, read and enjoy the 2021 GonzoBanker awards, our annual take on the best things we saw during the year. So which merger was the best in 2021? Doug Larson. THE BANKER AWARDS.

Fintech 147

Fintech Strategy Leadership Lending 147

CFPB Monitor

JUNE 21, 2022

The Federal Financial Institutions Examination Council (FFIEC) recently announced the public availability of Home Mortgage Disclosure Act data for 2021. percent from 4,475 in 2020 to 4,338 in 2021. percent in 2021. . percent in 2021, and (2) Hispanic-White borrowers rose from 9.1 percent in 2021.

Data 78

Data Lending Compliance Regulation 78

PYMNTS

DECEMBER 27, 2020

10, 2021 at 1 p.m., 29, 2021, the blog says. Turkey is planning on piloting its own CBDC in the second half of 2021, according to a report from CoinDesk. Suarez has also pushed for Silicon Valley tech experts not happy with California's regulations to move to his city instead.

Bitcoin 254

Bitcoin Miami cryptocurrency ATM 254

Perficient

MAY 19, 2021

That original blog can be accessed here: Bank Regulators Seeking Comments on the Use of AI and ML in the Industry – Perficient Blogs. Now however, the agencies have extended the comment period on the Request For Information on financial institutions’ use of artificial intelligence (AI) until July 1, 2021. Include Docket No.

FDIC 365

FDIC National Regulation System 365

Cisco

NOVEMBER 1, 2022

In 2017, New York Department of Financial Services (NYDFS) passed cybersecurity regulation 23 NYCRR 500, requiring all financial services companies to implement multi-factor authentication (MFA). During the NYDFS cybersecurity investigation from January 2020 to July 2021, they found that more than 18.3

Regulation 124

Regulation Security System New York 124

CFPB Monitor

APRIL 13, 2022

The CFPB has issued its Fall 2021 Semi-Annual Report to Congress covering the period April 1, 2021 through September 30, 2021. Since Rohit Chopra was sworn in as CFPB Director in October 2021, the report only reflects CFPB activity under the leadership of former Acting Director Uejio.

Report 78

Report Leadership Analysis Lending 78

Perficient

JUNE 30, 2022

Members of Perficient’s Digital Asset Team have advised followers in multiple online articles about the digital asset revolution and relevant regulations affecting the same in the United States. Highlights From Federal Bank Regulators’ Joint Statement on Cryptocurrency Assets – Perficient Blogs. Billion in 2019).

cryptocurrency 472

cryptocurrency Regulation Conference Taxes 472

CFPB Monitor

DECEMBER 14, 2021

The CFPB has published its Fall 2021 rulemaking agenda as part of the Fall 2021 Unified Agenda of Federal Regulatory and Deregulatory Actions. Those items remained inactive throughout former Director Kraninger’s tenure and continue to be listed as inactive for purposes of the Fall 2021 agenda.

Lending 78

Lending FDIC Regulation Data 78

Perficient

AUGUST 5, 2021

For those that do, the Federal Reserve Board has announced it will extend, until September 9, 2021, the comment period for its proposal to govern funds transfers over the Federal Reserve Banks’ FedNow Service. Originally, comments were due by August 10, 2021. Do blog readers like to have their opinions heard?

DC 309

DC United States Washington Regulation 309

SWBC's LenderHub

MARCH 28, 2022

A new federal debt collection rule enacted under the Fair Debt Collection Practices Act (FDCPA), Regulation F , went into effect in November 2021. This new law will significantly impact the debt collection process.

Regulation 78

Regulation Compliance 78

PYMNTS

NOVEMBER 10, 2020

The announcement did not specify the regulations, but it did note that the approach will ensure that the CBDC meets “the same minimum standards we expect of other payment methods.”. Regulators are slow, and there’s a reason we’re slow,” she said, speaking at CoinDesk ’s Bitcoin for Advisors event. “We

cryptocurrency 167

cryptocurrency Regulation Bitcoin Colorado 167

PYMNTS

AUGUST 21, 2020

Although the bank has not confirmed the digital venture, the news outlet cited an “insider” as saying it could launch in early 2021. financial regulator Clive Adamson, the report said. The new digital bank is expected to be chaired by former U.K.

Report 173

Report Digital Banking Lending Technology 173

CFPB Monitor

OCTOBER 19, 2022

We have our first-ever federal court opinion evaluating the requirements of Regulation F! Reading Regulation F out loud” is more like it. The Question: Does Regulation F require debt collectors to use the CFPB’s model validation notice (“MVN”) to comply with the FDCPA? It’s official! See id. § 1006.34(d)(2). Id. § 1006.34(d)(2)(i)….The

Regulation 78

Regulation Compliance Analysis Exercises 78

PYMNTS

NOVEMBER 29, 2020

Then the plan had to be downgraded in April, when regulators' concerns forced a shift to a plan to launch digital versions of several coins plus a "digital composite" of all Libra coins. Libra was first launched in June 2019, but regulators were concerned over the scope of what it wanted to do.

Regulation 210

Regulation cryptocurrency System Report 210

CFPB Monitor

OCTOBER 25, 2021

On October 20, 2021, the New York Department of Financial Services published a notice in the New York State Register announcing that it has issued a proposed regulation to implement S 5470–B , which requires consumer-like disclosures for “commercial financing” transactions of $2.5 million or less.

Regulation 78

Regulation New York Compliance 78

CFPB Monitor

SEPTEMBER 7, 2021

Council Chairperson Phil Mendelson since the onset of the pandemic are the Coronavirus Support Emergency Amendment Act of 2021 (B24-0139) and the Coronavirus Support Temporary Amendment of 2021 (B24-0140). B24-0139, the emergency act, was signed by Mayor Bowser on March 17, 2021 and expired on June 15. on June 25, 2021.

District of Columbia 133

District of Columbia Course Payments Regulation 133

Perficient

MARCH 3, 2022

Federal bank regulators work together to design Comprehensive Capital Analysis and Review (“CCAR”) stress tests that are designed to ensure that even in the case of a severe recession, significant banks can lend to households and businesses. As repeated by federal bank regulators, the required economic scenarios are not forecasts.

Capital 294

Capital Regulation Exercises United States 294

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

Bobsguide

DECEMBER 1, 2020

More financial regulators will authorise onboarding via automated biometrics. Within the next 12 months, banking regulators in global territories – including Europe and the Far East – will authorise the use of automated biometrics instead of video calling for remote Know Your.

Video 165

Video Regulation 165

PYMNTS

DECEMBER 30, 2020

Many enjoyed huge first-day price pops, heating up the IPO market even more — and 2021 seems poised to only continue the fireworks. Reuters quoted unnamed sources as saying the offering would occur in early 2021, valuing the company at about $30 billion. Connected-economy companies led 2020’s surprisingly successful roster of U.S.

Marketing 198

Marketing Company Online Management 198

Gonzobanker

AUGUST 31, 2021

Checking fee income is facing extreme downward pressure during 2021, influenced by competitive factors and the specter of greater future regulation. The new world of overdraft competition and regulation will require a stronger focus on retail delivery channel investments and the proactive development of digital growth strategies.

Strategy 144

Strategy Analytics Retail Mobile 144

CFPB Monitor

JUNE 10, 2022

The Federal Trade Commission provided its annual report to the Consumer Financial Protection Bureau on its enforcement and related activities in 2021 regarding the Truth in Lending Act (TILA), Consumer Leasing Act (CLA), and Electronic Fund Transfer Act (EFTA) (collectively, the “Financial Acts”).

Report 78

Report Lending Policies Training 78

PYMNTS

NOVEMBER 16, 2020

A Citibank senior analyst predicted that bitcoin could reach $318,000 by December 2021 in a report written for Citibank’s institutional clients, according to CoinDesk. Thomas Fitzpatrick’s report was leaked on Twitter Friday (Nov. 13) by user “ClassicMacro,” who noted in a tweet , “there is no edge in guessing targets so far in time with TA.

Bitcoin 296

Bitcoin Regulation Innovation Security 296

CFPB Monitor

OCTOBER 20, 2020

The CFPB recently released a regulatory and reporting overview reference chart for Home Mortgage Disclosure Act (HMDA) data to be collected in 2021.

Report 78

Report Tools Regulation Data 78

PYMNTS

DECEMBER 8, 2020

In today’s top news, economists expect the economy to recover back to pre-pandemic levels by the end of 2021, and China’s banking watchdog warns of further Big Tech regulations. Economists: Stimulus, Vaccine Key To Full Recovery By Year-End 2021. Plus, online lending startup SoFi is looking to go public through a SPAC.

San Francisco 130

San Francisco Community Bank Video Capital 130

CFPB Monitor

JANUARY 11, 2022

While it requires disclosures to be provided “according to formatting prescribed by” the DFS and authorizes the DFS to promulgate implementing regulations, it does not delay the effective date until regulations are adopted. The comment period on the proposal ended on December 20, 2021. million or less.

Regulation 78

Regulation New York Compliance 78

PYMNTS

AUGUST 27, 2019

Under the guidelines, which cover exchanges, trading platforms and wallet providers, the regulators state businesses are not exempt from standards that tie in anti-money laundering (AML) rules, among other mandates. CoinDesk reported that the exchange has targeted the DLT platform to be in place and operational by spring of 2021.

blockchain 145

blockchain Regulation Payments Bitcoin 145

CFPB Monitor

APRIL 12, 2021

On April 1, 2021, the CFPB issued Compliance Bulletin 2021-02 (the “Bulletin”), warning mortgage servicers to “take all necessary steps now to prevent a wave of avoidable foreclosures this fall.” Whether servicers are complying with the foreclosure protections in Regulation X and other Federal or State foreclosure restrictions.

Compliance 78

Compliance Regulation Resources Policies 78

FICO

DECEMBER 10, 2020

In 2021 I believe AI will cross the chasm, becoming a reliable and safe, mainstream business technology — but maybe not how, or for reasons why, you might expect. In 2021, organizations will stop their handwringing over AI and get down to brass tacks. COVID Is the Mother of AI Maturity. Prediction #2: AI as a Service Will Take Off.

Analytics 98

Analytics Fraud Data Software 98

CFPB Monitor

DECEMBER 9, 2021

The CFPB has issued a final rule amending Regulation Z to address the discontinuation of the London Inter-Bank Offered Rate (LIBOR) that is currently used by many creditors as the index for calculating the interest rate on credit cards and other variable-rate consumer credit products. Change in index. Change-in-terms notices.

Regulation 78

Regulation Cards Compliance Groups 78

CFPB Monitor

JANUARY 27, 2022

Alan Kaplinsky, Ballard Spahr Senior Counsel, hosts a conversation with Peter Hardy, a partner in the firm. A former federal prosecutor, Peter is a co-leader of the firm’s Anti-Money Laundering Team.

Compliance 78

Compliance Regulation Industry Report 78

CFPB Monitor

MAY 3, 2021

On April 23, 2021, the California Department of Financial Protection and Innovation (“DFPI”) issued proposed regulations to implement the Debt Collection Licensing Act (“DCLA”). The 45-day public comment period for the proposal ends on June 8, 2021. Section 1850.61 – Provides process to surrender license.

California 78

California Regulation Los Angeles Innovation 78

Bobsguide

NOVEMBER 24, 2020

It’s been a tough year for financial market participants in the UK, with the pandemic causing turbulence and uncertainty around Brexit undermining future strategy-building. Next year looks set to be almost as chaotic, as the country looks to rewrite its rulebook while maintaining its stake as.

Regulation 103

Regulation Strategy Marketing 103

Chris Skinner

JANUARY 19, 2017

The clear points that came out … The post #Brexit by 2021, and 1000s of City jobs lost appeared first on Chris Skinner's blog. Some say that her plan is Vague (in reference to her appearance on the cover of Vogue) whilst others gave it a big thumbs up. Mind you, he did write most of it.

Regulation 150

Regulation 150

CFPB Monitor

APRIL 8, 2021

On April 1, 2021, the FDIC’s final rule issued in December 2020 revising its brokered deposits regulation became effective. The full compliance date for the final rule is January 1, 2022.

FDIC 78

FDIC Resources Regulation Compliance 78

Abrigo

DECEMBER 10, 2021

Takeaway 1 The December 2021 update affects four sections of the existing FFIEC BSA exam manual. The Federal Financial Institutions Examination Council (FFIEC) periodically updates its BSA Examination Manual, with the most recent update on December 1, 2021. Would you like other articles like this in your inbox? Updates and Changes.

Training 195

Training Regulation Policies ATM 195

CFPB Monitor

JUNE 14, 2021

In March 2021, Illinois Governor Pritzker signed into law SB 1792 , which contains the Predatory Loan Prevention Act (the “Act”). The new law became effective immediately upon signing notwithstanding the authority it gives the Illinois Department of Financial and Professional Regulation (“IDFPR”) to adopt rules “consistent with [the] Act.”.

Illinois 78

Illinois Regulation Report Lending 78