Abrigo

DECEMBER 17, 2021

Prepare for Future Staffing Needs Now As we transition to 2022, now is the perfect time to analyze current staffing levels at your financial institution. . Moving into 2022 may be a n excellent time to analyze current staffing levels and the associated risks of losing valuable members of your team. Understanding importance.

Compliance 195

Compliance Training Fraud Resources 195

Perficient

NOVEMBER 30, 2021

Recognizing that regulated and non-regulated financial institutions seek to engage in cryptocurrency and crypto asset activities, the three largest federal bank regulators, the Federal Reserve, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency, recently issued a joint statement on crypto assets.

cryptocurrency 309

cryptocurrency Regulation Policies Compliance 309

Perficient

MAY 27, 2022

For those wanting to start their own cryptocurrency fund, it’s important to be well informed about cryptocurrency regulations. Regulatory cryptocurrency regulations are most fluid at the state level. State Regulations. SEC Regulation. Central Bank Digital Currency (CBDC) ).

cryptocurrency 332

cryptocurrency Regulation Management Bitcoin 332

Perficient

NOVEMBER 30, 2022

Our Payments Practice recently had the opportunity to represent Perficient at the 2022 Real-time Payments & Fraud Management Summit held in New York City. . The conference was attended by several Financial Institutions, Service Providers, Fintechs, and Industry Regulators.

Fraud 275

Fraud Management Payments New York City 275

CFPB Monitor

JANUARY 18, 2023

On September 9, 2022, the California Department of Financial Protection and Innovation (DFPI) proposed to amend its student loan servicing regulations, which we previously covered here. After reviewing public comments, on January 6, 2023, the DFPI released a Notice.

California 147

California Regulation Innovation 147

PopularBank

OCTOBER 17, 2023

A new Florida condo safety law passed in June 2023 makes some updates to a regulation passed in 2022 for condominium and cooperative buildings. SB 4-D, which passed in May 2022, centered around inspection requirements, mandatory reserves, and more transparency for unit owners regarding the condition of the buildings.

Florida 52

Florida Regulation Community Study 52

Perficient

MARCH 15, 2022

The full list released this month by the OCC is included in the table below: If your bank needs help improving their CRA evaluation, whether from the OCC or any other federal bank regulator, reach out to Perficient and put the expertise of our financial services team to work for you.

Training 294

Training Community Compliance Meeting 294

CFPB Monitor

AUGUST 12, 2022

On July 29, 2022, the New York Department of Financial Services (“NYDFS”) released Draft Amendments to its Cyber Security Regulations. The Amendments have a short comment period ending on August 8, 2022, followed by the publishing of the official proposed amendments, after which a 60-day comment period will occur.

Regulation 147

Regulation Cyber Security New York Trends 147

Abrigo

MAY 19, 2023

Introduction How regulators define successful loan reviews Mark Twain observed, “A thing long expected takes the form of the unexpected when at last it comes.” So, let’s get a sense of what regulators specifically expect loan review to do, and let’s start with loan review systems.

System 195

System Regulation How To Lending 195

Bobsguide

JULY 14, 2022

Held from the 7th to 8th of September 2022 at the Grand Hyatt, Melbourne , Australia, it is the largest gathering of Australian Fintechs, hubs, accelerators, policymakers, regulators, investors and advisors, devoted to examining, discussing and unlocking the potential of Australia’s Fintech market.

Conference 88

Conference Fintech Industry Trends 88

CFPB Monitor

JULY 6, 2022

The CFPB has published its Spring 2022 rulemaking agenda as part of the Spring 2022 Unified Agenda of Federal Regulatory and Deregulatory Actions. Even the two items that appeared as long-term actions in the Fall 2021 agenda, artificial intelligence and mortgage servicing, no longer appear in the Spring 2022 agenda.

Lending 78

Lending Regulation FDIC Data 78

Cisco

MAY 10, 2022

We’re ALL IN at Cisco Live 2022. We’re excited for the in-person creative experiences, impactful speakers, and thought-provoking sessions June 12-16, 2022 in Las Vegas. However, the modern communication archiving, eDiscovery, legal-hold, surveillance, and security requirements and needs for regulated industries have remained the same.

Las Vegas 129

Las Vegas Industry Leadership Technology 129

Bobsguide

MARCH 21, 2022

The annual FTF News Technology Innovation Awards program celebrates and recognizes the professionals, financial technology vendors, service providers, industry bodies, and regulators that have made significant strides and noteworthy achievements in operational excellence during the past year.

Innovation 147

Innovation Technology Risk Management Analytics 147

CFPB Monitor

NOVEMBER 9, 2022

On November 9, 2022, New York Department of Financial Services (NYDFS) Superintendent Adrienne Harris announced that the NYDFS formally proposed an updated cybersecurity regulation. The proposed regulations would create three different tiers of companies based on their size, operations, and nature of their businesses.

Regulation 78

Regulation Compliance New York Training 78

Perficient

OCTOBER 27, 2022

Seeking additional arrows in their quiver against large bank failures, on October 14, 2022, the Federal Reserve Board (FRB) and Federal Deposit Insurance Corporation (FDIC) published an Advance Notice of Proposed Rulemaking (ANPR).

Capital 275

Capital Regulation FDIC Regional 275

Independent Banker

DECEMBER 31, 2021

What changes will 2022 bring? And as local economies continue to stabilize and many challenged industries bounce back, 2022 may be the year community bankers put the rubber to the road by revisiting goals and turning them into action items. Regulators haven’t yet broached the subject with them. What will drive profit in 2022?

Community Bank 144

Community Bank Community Lending Louisiana 144

CFPB Monitor

SEPTEMBER 22, 2022

The public comment period for the notice of proposed rulemaking (“NPRM”) regarding the Motor Vehicle Dealers Trade Regulation Rule (the “Rule”) closed on September 15, 2022 after the FTC declined in August to extend it. These included many comments seeking stronger consumer protections.

Regulation 148

Regulation Groups Customer Experience Retail 148

CFPB Monitor

DECEMBER 21, 2022

The Washington Department of Financial Institutions has adopted regulations effective December 31, 2022 to implement amendments to the Consumer Loan Act permitting licensed companies to allow licensed mortgage loan originators to work from their residence without licensing the residence as.

Washington 78

Washington Regulation Company 78

BankInovation

SEPTEMBER 28, 2022

Executives from tech-forward financial institutions at Bank Automation Summit Fall 2022 last week addressed the industry’s evolving technology environment, including moves to the cloud, strategies to reuse code and leveraging data to improve overall client and employee experience.

Compliance 52

Compliance Strategy Regulation Data 52

PYMNTS

SEPTEMBER 4, 2018

A new report says that India’s e-commerce market could hit $150 billion by 2022 due to rising incomes and a boost in Internet users. And the growing e-tail market could grow at a compounded rate of 30 percent each year to surpass $60 billion in market size by 2022.

Marketing 128

Marketing Retail Leadership Study 128

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

FICO

AUGUST 8, 2022

2022 Data Science and AI Predictions Revisited. Thu, 05/12/2022 - 07:46. Mon, 08/08/2022 - 15:30. In the past couple of weeks, vacationing off the grid in Alaska , I’ve had a chance to think about how prescient my 2022 predictions for AI and data science may or may not be. Where Are We Now? Saxon Shirley. by Scott Zoldi.

Data 96

Data Analytics San Diego Alaska 96

CFPB Monitor

OCTOBER 5, 2022

On October 3, 2022, the Federal Reserve finalized a rule expanding Regulation II (Debit Card Interchange Fees and Routing), the implementing regulation for the Durbin Amendment. See the banking industry group February 1, 2022 letter to the Federal Reserve on behalf of the community banks.

Regulation 78

Regulation Cards Community Bank Community 78

CFPB Monitor

OCTOBER 11, 2023

The proposal follows the FTC’s issuance in October 2022 of an Advance Notice of Proposed Rulemaking to address “junk fees,” a term that was used in the ANPR Notice to refer to “unfair or deceptive fees that are charged for goods and services that have little or no added value to the consumer.” .

Regulation 78

Regulation 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. Crypto Conference.

cryptocurrency 472

cryptocurrency Regulation Conference Taxes 472

Bobsguide

JULY 3, 2022

Leading fintech company, AutoRek, is delighted to have been recognised at the Systems in the City Financial Technology Awards 2022 in both the ‘Best CASS Solution’ and ‘Best Wealth Management Solution’ categories and are excited to have achieved the accolade ‘Best CASS Solution’ for the third consecutive year.

System 78

System Fintech Financial Technology Regulation 78

Independent Banker

NOVEMBER 30, 2022

We work in a highly regulated area, so we stay in our lanes as tightly as we can,” says Harrell, “but at the same time, we allow our folks to deliver to customers something that may be tweaked a bit here or there. “It What do community bank employees reveal about their workplaces and the industry more broadly in 2022? Methodology.

Community Bank 169

Community Bank Community Montana Leadership 169

Perficient

NOVEMBER 10, 2023

However, in the current rising interest rate environment in the United States since 2022, loan rates have adapted more rapidly than deposit rates. Transaction Accounts Regulators classify transaction accounts under the Monetary Control Act of 1980 and the Federal Reserve Regulation D for federal reserve requirements on deposit liabilities.

Risk Management 221

Risk Management United States FDIC Compliance 221

Perficient

DECEMBER 1, 2023

Despite this proactive approach, federal banking regulators either neglected to review the same documents or did so without taking necessary action before the bank failed. Contact us today to navigate the evolving landscape of risk and regulation successfully. basis points over eight quarterly assessment periods.

FDIC 221

FDIC Risk Management Regulation Leadership 221

Abrigo

APRIL 6, 2022

New Rule Outlines Computer-Security Incident Notification Obligations for Banks Financial institutions and their service providers should prepare to meet new computer-security notice requirements by May 1, 2022. . You might also like this webinar, "Russian Sanctions: Impact, Implications, and Best Practices." Expand and Clarify.

Security 195

Security Regulation District of Columbia United States 195

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. Dollar LIBOR indices. (The

Regulation 78

Regulation Cards Compliance Groups 78

Abrigo

MAY 30, 2023

Takeaway 2 Reporting tiers and their deadlines are based on the number of covered transactions to small businesses that a lender originated in 2022 and 2023. June 28, 2023, based on the Code of Federal Regulations and the March 30 publication). But compliance deadlines are tiered. 1, 2024, and report for the first time by June 1, 2025.

Compliance 195

Compliance Lending Data Regulation 195

Perficient

MAY 5, 2022

IDC recently included Perficient in the “Loan Collections-Recovery” category of its “ Market Glance: Worldwide Consumer & Small Businesses Lending Digital Transformation Strategies, Q2 2022 (Doc # US49009422, April 2022).” The IDC Market Glance offers an overview of the landscape for consumer and small business digital lending.

Lending 354

Lending Strategy Marketing Big Data 354

CFPB Monitor

OCTOBER 26, 2022

The cross-complaint explains that “[b]ecause DFPI did not submit its ‘true lender doctrine’ to the APA’s rule making process, it is invalid as an ‘underground regulation’ and cannot be enforced.” violated the rulemaking requirements of the APA and is therefore invalid.”.

Regulation 78

Regulation California Meeting Innovation 78

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 S 5740-B becomes effective on January 1, 2022.

Regulation 78

Regulation New York Compliance 78

CFPB Monitor

JANUARY 11, 2022

By its terms, the CFDL became effective on January 1, 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. million or less.

Regulation 78

Regulation New York Compliance 78

The Paypers

DECEMBER 16, 2022

The Paypers has published the Fraud Prevention in Ecommerce Report 2022-2023 , setting the scene for the latest insights and developments regarding fraud prevention technologies and related regulations.

Fraud 41

Fraud Report Regulation Technology 41