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OCC Highlights, AML & CRA Risks

Perficient

Additionally, the recent rule by the OCC, the Federal Reserve, and the FDIC strengthens and modernizes Community Reinvestment Act (CRA) regulations. The effective date of the new rule is April 1, 2024, with key provisions taking effect on January 1, 2026, and January 1, 2027. Banks

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The big squeeze on trading: caught between Mifid II and a hard place

Bobsguide

This editor's picks analyses trading from all sides - the legislation, the emerging technologies and the best practice shared by the thought leaders in the bobsguide community. Technology, MiFID II and 2027: The changing face of the post-trade industry [3:30.

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The CFPB section 1071 effective date

Abrigo

This means that in addition to banks and credit unions, other lenders subject to the rule’s mandates are finance companies, online lenders, Community Development Financial Institutions (CDFIs), government lenders, and nonprofit lenders. This 2026 data needs to be reported to the CFPB by June 1, 2027.

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Real-Time Payments Have Numerous Real-World Applications

PYMNTS

Earlier this month, payment company PayFi and The Clearing House (TCH) partnered to bring real-time payments technologies to the community banks. workforce in Q4 2018, a number that’s expected to tip over to a majority share by 2027. Adoption depends greatly on partnerships to make RTP more accessible. percent of the U.S.

Payments 162
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Tech Cos Confront The Ethics Of AI

CB Insights

Mizuho Financial Group in Japan says it will use AI to replace 19,000 people by 2027 — about a third of its workforce. Many other major technology companies are also grappling with ethical questions as they sell products and services to the US military and intelligence community.

Google 69
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UK Lowers Boom On Huawei With Equipment Purchase Ban

PYMNTS

s National Security Council said the ban will take effect at the end of the year, with mobile network operators also required to remove Huawei equipment from their systems by 2027. The move will push back the timeline for the rollout of 5G mobile internet by two to three years, while adding $2.5 The latest round of U.S.