Independent Banker

DECEMBER 31, 2022

From new fee practices to peer-to-peer fraud, keep an eye on what regulatory changes could be developing in the new year. The FDIC issued guidance about the consumer compliance risks associated with assessing NSF arising from the re-presentment of the same unpaid transaction. An NPR is due in 2024 or before. Peer-to-peer fraud.

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FICO

MARCH 7, 2023

Home Blog FICO Responsible AI: Are European Firms Ready for the Regulators? There are significant changes coming in Europe, which highlight getting a handle on responsible AI use, with the banking and financial services sector among those that will be most impacted by increasing regulation.

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Abrigo

OCTOBER 14, 2022

Takeaway 3 Utilize regulatory guidance to understand regulators' expectations, which are likely to include consistent stress testing. Get to know regulator expectations and priorities. Regulators’ risk management perspective is evolving, and financial institutions should expect to be held accountable for consistent stress testing.

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South State Correspondent

JUNE 27, 2023

For example, ISO 20022 provides a set of messages (you can download HERE ) to handle ATM transactions, fraud, account names, and time periods. This leads to enhanced transparency and improved accuracy and facilitates compliance with regulatory reporting requirements.

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PYMNTS

OCTOBER 19, 2020

The following Deep Dive explores cross-border payments’ challenges, including time-consuming government inspections, lack of transparency and the potential for fraud. Cross-border payments between businesses are expected to reach $35 trillion by 2022 and 2024 could see up to $240 billion in person-to-person (P2P) payments.

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Jeff For Banks

APRIL 4, 2024

Shadow bank lending is similar to bank lending but is not subject to the same regulations, and compensating deposit balace requirements. Regulation and the Political Environment "Last month, the CFPB reported how banks have become more dependent on these fees to feed their profit model on checking accounts.

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Abrigo

JANUARY 22, 2024

6 Steps t o mitigate fraud risk tied to new products Your AML and fraud teams' input is key when it comes to offering new bank products. These tips can help ensure compliance while improving your offerings. You might also like this infographic, "Beyond immediate fraud losses: How the costs and impacts of fraud snowball."

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Gonzobanker

DECEMBER 14, 2023

Expect more deals to be announced in 2024. The It’s Still No Fun to Work Here Award – goes to the “stagecoach” Wells Fargo , which now is dealing with unionization efforts from employees at certain branches and has set aside $1 billion+ for additional employee severance costs in 2024. The Bank Regulator Working for Merchants Award!

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PYMNTS

DECEMBER 8, 2020

Cybercriminals are constantly one step ahead of government regulators, developing new and inventive schemes faster than the authorities can quash them. billion by 2024. Many banks and government regulators have a growing sense of distrust in cryptocurrency exchanges due to this widespread lack of compliance.

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cryptocurrency Mobile Compliance Analysis 261

PYMNTS

OCTOBER 11, 2019

Trending: How EU Regulators Are Complicating SCA Compliance (Ekata PSDS Tracker). According to the PYMNTS PSD2 Tracker , merchants in the European Union (EU) are still wondering what changes the regulation will bring about for their relationships with customers.

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Abrigo

JANUARY 31, 2023

Takeaway 2 Banks should be proactive in understanding fraud trends and FinCEN priorities to prepare for future rulemaking. While a BSA/AML program is now officially referred to as an AML/CFT Program, “BSA Officer” is a title required by law and remains unchanged, as does compliance with the BSA. That represents nearly 2.8

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FICO

JANUARY 5, 2023

Open banking, BNPL, cybersecurity and AI will all be under the microscope for regulators and policymakers, but not all areas will see major action in 2023. regulators take a major step in addressing the emerging open banking landscape. Several groups have also called for comprehensive industry regulation. Four 2023 U.S.

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Policies Company Regulation Risk Management 52