Payments Dive

JANUARY 4, 2021

Matt Montes is U.S. general manager at Paysend and has nearly 30 years of financial services experiences, most recently serving as president of Catalina Card Services. He founded and led AccountNow, the first online D2C prepaid debit card company in the U.S., which was acquired by Green Dot Corporation. Matt shares with us his hope for the future.

Payments 508

Payments Cards US Online 508

CFPB Monitor

JUNE 12, 2023

The Federal Trade Commission (FTC) recently modified its rules for conducting in-house administrative proceedings. Administrative law judges (ALJs) will now issue recommended decisions that are automatically reviewed, rather than initial decisions that can be appealed.

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78

PYMNTS

JULY 7, 2020

The court-appointed administrator guiding Wirecard AG’s insolvency said dozens of investors have emerged to buy what’s left of the Munich-based payments company, Reuters reported. The administrator said most of the firm’s customers were “being constructive” and interested in a speedy sale process.

Fraud 191

Fraud Financial Technology Meeting Report 191

PYMNTS

JANUARY 6, 2021

Optum, which is part of UnitedHealth, will work with Change Healthcare to "more effectively connect and simplify core clinical, administrative and payment processes — resulting in better health outcomes and experiences for everyone, at lower cost.".

Payments 168

Payments Analytics System Software 168

CFPB Monitor

JULY 24, 2023

In an unusual move, Laura Akahoshi, former Rabobank (the “Bank”) Chief Compliance Officer (“CCO”), filed on July 6, 2023 an opposition to the Office of the Comptroller of the Currency’s (“OCC”) dismissal of its own administrative enforcement proceeding against her. Akahoshi filed her petition in the U.S. Continue Reading

Compliance 78

Compliance 78

PYMNTS

APRIL 15, 2019

Australian SME lender Axsesstoday has announced it is entering voluntary administration. Despite its entry into administration, Administrator Vaughan Strawbridge said “it is business as usual and we expect there will be strong interest from onshore and offshore investors.

Capital 108

Capital Lending Security Groups 108

PYMNTS

DECEMBER 4, 2020

I think I am waiting to see what dynamics change, associated with the Biden administration beginning their term in office, and I am optimistic that will actually improve where things sit for the XRP community broadly.”. “We haven’t put a strict timeline on when we’ll make a decision” on relocating, he said, CoinDesk reported. “I

US 175

US Regulation Community Report 175

CFPB Monitor

JULY 5, 2023

Securities and Exchange Commission , a case in which the respondents are challenging the constitutionality of the SEC’s use of administrative law judges (ALJs). Supreme Court granted the SEC’s petition for certiorari in Jarkesy v.

Security 78

Security 78

CFPB Monitor

NOVEMBER 6, 2023

Securities and Exchange Commission , a case in which the respondents are challenging the constitutionality of the SEC’s use of administrative law judges (ALJs). Supreme Court will hear oral argument in Jarkesy v.

Security 78

Security 78

CFPB Monitor

FEBRUARY 28, 2023

On February 28, 2023, the Supreme Court heard oral argument in two separate cases challenging the Biden Administration’s authority to proceed with its plan to forgive approximately $400 billion in federal student loans. In the first case, the Biden Administration seeks to vacate an injunction granted by a three-judge panel of the U.S.

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CFPB Monitor

JANUARY 11, 2024

Successes and Challenges with the CFPB’s Rulemaking and Non-Rulemaking Efforts During the Biden Administration”. On January 9 th , Michael Guerrero, Partner in Ballard Spahr’s Consumer Financial Services Group, presented at a program titled “Has the CFPB Offered Simpler Rules of the Road?

Meeting 78

Meeting Regulation Groups 78

CFPB Monitor

MARCH 14, 2023

Securities and Exchange Commission , a case with significant implications for the use of administrative law judges (ALJs) by federal agencies, including the CFPB. . The Securities and Exchange Commission (SEC) has filed a petition for certiorari with the U.S. Supreme Court seeking review of the Fifth Circuit’s decision in Jarkesy v.

Security 78

Security 78

CFPB Monitor

FEBRUARY 12, 2021

The Eleventh Circuit has joined the Second, Sixth, Seventh, Eighth, and Ninth Circuits in rejecting administrative feasibility as a prerequisite for class certification. Dometic asserted that ascertainability requires proof of administrative feasibility, which the plaintiffs failed to satisfy. In Cherry v. The Eleventh Circuit agreed.

Management 78

Management Company 78

CFPB Monitor

OCTOBER 27, 2022

Securities and Exchange Commission , a case with significant implications for the use of administrative law judges (ALJs) by federal agencies, including the CFPB. The Administrative Procedure Act (5 U.S.C. The SEC is expected to file a certiorari petition with the U.S. Supreme Court. Court of Appeals for the D.C.

District of Columbia 78

District of Columbia Fraud Security Community 78

Payments Dive

OCTOBER 5, 2023

The Financial Technology Association is backing a bill that would clarify that loans made through the Small Business Administration’s flagship lending program can be used to pay for fintech services.

Fintech 459

Fintech Lending Financial Technology Technology 459

MerhantsBanks

JULY 16, 2021

Tirzah Warren has been promoted to Assistant Vice President/Teller Administrator at Merchants Bank, according to Sue Hovell, Director of Retail Banking Performance.

Leadership 98

Leadership Retail 98

TheGuardian

AUGUST 6, 2020

PwC says foreign exchange firm was ‘acutely impacted’ by Covid and recent cyber-attack Foreign exchange firm Travelex has collapsed into administration, with the immediate loss of more than 1,300 jobs. Continue reading.

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95

CFPB Monitor

NOVEMBER 15, 2022

That ruling solidified what had been an administrative stay entered without briefing. The Eighth Circuit’s stay is now one of two judicial orders prohibiting the Biden Administration from discharging federal loans pursuant to its loan forgiveness initiative.

Missouri 78

Missouri South Carolina Nebraska Iowa 78

PYMNTS

OCTOBER 3, 2018

GEOBRIDGE has announced that remote administration for its KeyBRIDGE and TokenBRIDGE products will become available in Q4 of 2018. Co-lo centers are efficient and cost-effective, but have one disadvantage: it’s complicated and expensive to have personnel travel to them when the equipment requires administrative maintenance.

Security 100

Security Management Software Data 100

American Banker

MAY 22, 2024

FDIC chair Martin Gruenberg's departure from the agency may have political implications as the White House and Senate scramble to name a successor, but experts agree that the move will likely result in a weaker Basel rule and stronger role for the Federal Reserve in joint rulemakings.

FDIC 36

FDIC Policies Compliance Regulation 36

Jack Henry

OCTOBER 3, 2023

A loan administrator’s job is crucial ‒ and hectic. They deal with customer complaints, delinquent loan payments, and other financial headaches and deadlines on a daily basis. But they also get to work closely with applicants, helping them identify and reach their goals. It’s stressful, no doubt, but rewarding.

Payments 88

Payments Strategy Management Lending 88

CFPB Monitor

AUGUST 17, 2020

Colorado’s UCCC Administrator has proposed amendments to the rules implementing the Colorado Fair Debt Collection Practices Act (CFDCPA). The Administrator also announced that a Zoom stakeholder meeting will be held on August 25 to discuss the proposed amendments and to solicit topics for rulemaking.

Colorado 78

Colorado Meeting Payments 78

PYMNTS

MARCH 7, 2018

Japan’s Financial Services Agency is sending what Reuters terms “administrative punishment notices” on several of the nation’s cryptocurrency exchanges and some may be forced to suspend operations, the newswire reported , citing Nikkei’s business daily.

cryptocurrency 101

cryptocurrency Risk Management Operations Regulation 101

MerhantsBanks

DECEMBER 14, 2021

Ellen Morehouse has been promoted to Vice President/Credit Administration Manager at Merchants Bank, according to Cindy Harrison, Senior Vice President and Director of Credit Administration.

Management 52

Management 52

CFPB Monitor

AUGUST 17, 2021

Last week, the FTC filed an administrative complaint against Fleetcor Technologies, a marketer of fuel cards, and its CEO in which the FTC alleges that the respondents violated the FTC Act’s prohibition on unfair or deceptive acts or practices. The administrative action was brought under Section 5(b) of the FTC Act.

Capital 78

Capital Management Atlanta Strategy 78

Abrigo

JULY 29, 2015

Results from the 2015 Sageworks Bank & Credit Union Examination survey cited that given the role of credit underwriting and administration in maintaining asset quality and in ensuring the bank’s sound financial condition, these areas received scrutiny from examiners from each regulatory agency.

Survey 150

Survey Regulation Policies Risk Management 150

PYMNTS

AUGUST 1, 2017

based alternative finance company DueCourse has reportedly gone into administration. Recent reports said DueCourse , which operates as an invoice financing platform, began working with administrators Leonard Curtis this month. Less than a year after raising venture capital, U.K.-based

Lending 100

Lending Report Capital Data 100

The Paypers

JUNE 27, 2023

Open Banking Exchange (OBE) has delivered rules and standards for the delivery of Open Finance in the Philippines, taking the role of pilot administrator.

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36

PYMNTS

MAY 9, 2016

The Obama administration is cracking down on money laundering and tax evasion tactics. Besides that, the Obama administration has asked for Congress to tighten requirements about foreign-owned firms and how they report their financial activity.

Taxes 100

Taxes Conference Course National 100

CFPB Monitor

OCTOBER 8, 2020

The policy statement outlines the application process for an entity seeking the early termination of an administrative consent order and the standards that the Bureau will use when evaluating such applications. Administrative consent orders typically have a five-year term. The statement is applicable as of today. Eligibility.

Policies 78

Policies Compliance System Meeting 78

TheGuardian

MARCH 8, 2021

Greensill Capital says ‘saviour of steel’ Sanjeev Gupta’s GFG Alliance has started to default on payments Fears are growing about the future of 5,000 British jobs after the main financial backer of Sanjeev Gupta’s steel empire collapsed into administration.

Groups 63

Groups Maine Capital Payments 63

CFPB Monitor

JUNE 21, 2023

During his remarks in a meeting with private sector companies on June 15, 2023, President Biden described junk fees as “these hidden charges that companies sneak into your bill to make you pay more and without you really knowing it initially.”

Meeting 78

Meeting National Company Cards 78

ABA Community Banking

MARCH 9, 2022

Small Business Administration Administrator Isabella Casillas Guzman told bankers today at the American Bankers Association's Washington Summit that to help small businesses, the country needs to return to work. The post SBA Administrator Guzman Says Country Needs to Return to Work appeared first on ABA Banking Journal.

Washington 52

Washington Community Bank Community Lending 52

TheGuardian

MARCH 19, 2021

Workers based in London and Cheshire made redundant from firm that employed nearly 600 people in UK Nearly 450 jobs have been lost in London and Cheshire at Greensill Capital, the controversial lender advised by David Cameron, which collapsed into administration last week.

Capital 63

Capital Groups Report Industry 63

Payments Dive

SEPTEMBER 16, 2022

The Biden administration wants the Securities and Exchange Commission and the Commodity Futures Trading Commission to “aggressively pursue investigations and enforcement actions against unlawful practices in the digital assets space.”

Regulation 367

Regulation Security 367

CFPB Monitor

DECEMBER 3, 2020

After looking at the differing approaches of the former and current CFPB Directors to using the CFPB’s authorities, we look ahead to how the CFPB’s leadership is expected to change in a Biden Administration.

Leadership 60

Leadership Georgia 60

CFPB Monitor

APRIL 5, 2021

The GAO report also shows that arbitration clauses do not preclude servicemembers from pursuing many USERRA and SCRA claims administratively, without the need for class actions. The report cites a case in which the DOJ filed a lawsuit against and reached a settlement with a mortgage company, requiring it to pay $2.35

Report 78

Report Study Data National 78