PYMNTS

JULY 23, 2020

Open banking has been picking up steam in Latin America for more than two years. Regulators in Mexico passed a law governing FinTechs in March 2018, just two months after PSD2 went into effect in the European Union, and others in the region have since followed suit. The Pandemic’s Delayed Effects On Latin America.

America 165

America Regulation Regional Tools 165

PYMNTS

DECEMBER 1, 2020

digital companies, and France backed down after America delayed tariffs on $1.3 France has long been angling to levy digital taxes, although such moves have become a bone of contention with the United States and have faced significant delays. billion of French goods.

Taxes 130

Taxes National United States America 130

FICO

MARCH 7, 2023

Home Blog FICO Responsible AI: Are European Firms Ready for the Regulators? In banking and financial services within North America, our research shows that AI is an even higher priority now than 12 months ago for 52% of financial services organisations.

Regulation 52

Regulation America Compliance Fraud 52

American Banker

MAY 13, 2020

The Independent Community Bankers of America refused to rule out legal action if Congress doesn't address the National Credit Union Administration's recent decision expanding the low-income designation.

Community 78

Community Community Bank Regulation America 78

PYMNTS

JULY 26, 2016

For others, however, entire national economies can be affected. According to the UN Conference on Trade and Development (UNCTAD), that’s exactly what’s happening in some developing nations, in which invoice errors across Africa and South America are leading to the loss of up to two-thirds of commodity export value.

National 100

National Taxes Data Report 100

PYMNTS

JANUARY 19, 2018

Fizzle of the Week: Cryptocurrency Regulation. The saga over bitcoin and its relationship to various regulators has become something of the payments answer to a romantic comedy. But the idea that regulators can wave a wand and make bitcoin go away? Easy come, easy crypt-go, it seems. They may have some luck. As for next week?

Bitcoin 123

Bitcoin Regulation cryptocurrency Taxes 123

PYMNTS

MAY 16, 2020

100 for User A in America, 200 pesos for User B in Mexico and so forth) in order to perform transactions in a secure, fast and reliable way.”. A central entity may be a central bank which regulates a monetary supply,” the company wrote. “A A central entity may implement a monetary policy and issue currency.

System 320

System blockchain Regional Security 320

PYMNTS

MAY 9, 2016

Bank of America, Capital One, Wells Fargo, Chase and more published their findings — sometimes to contradicting conclusions. The majority reported feeling optimistic about their local economies, but less than half (43 percent) said the same about the national market. The index recorded a 0.28

America 100

America National Capital Survey 100

PYMNTS

APRIL 26, 2020

The coronavirus pandemic has caused big banks like JPMorgan , Goldman Sachs and Bank of America (BoA) to reduce the size of loans or cancel funding talks. “We We are increasingly observing an ‘America first’ attitude among large U.S. European regulators have noticed the trend of retreating U.S. Banks in the U.S.

US 143

US Regional America Lending 143

Perficient

NOVEMBER 22, 2022

Members of the Army and Air National Guard, provided they have been called to respond to a national emergency and their period of active duty is more than 30 days in a row. Active duty commissioned officers of the Public Health Service or the National Oceanic and Atmospheric Administration. All active-duty Reserve personnel.

National 275

National United States America Lending 275

PYMNTS

OCTOBER 8, 2020

Bank of America (BoA) is muscling into the payday loan business, minus the sky-high fees, as the pandemic continues to upend the financial landscape, according to a post on the company website. Steve Boland, president of Retail at Bank of America, said in the post. BoA on Thursday (Oct.

Charlotte 131

Charlotte America FDIC Guidelines 131

Lex Sokolin

JANUARY 14, 2021

American financial regulation is an alphabet soup, and has grown out of politics and crises. Targeting banks and money services businesses allows for jurisdiction and regulation of the choke points (i.e., You can see that the overall share of regulated banking entities at the federal level is hovering around 20% to 30%.

America 52

America Wyoming National Capital 52

Lex Sokolin

JANUARY 14, 2021

American financial regulation is an alphabet soup, and has grown out of politics and crises. Targeting banks and money services businesses allows for jurisdiction and regulation of the choke points (i.e., You can see that the overall share of regulated banking entities at the federal level is hovering around 20% to 30%.

America 52

America Wyoming National Capital 52

Payments Source

JANUARY 11, 2017

Simple innovations -- such as those that would bring the underbanked into the financial mainstream -- are often stymied by regulation, says Bank of America CEO Brian Moynihan.

Regulation 60

Regulation Innovation America National 60

PYMNTS

DECEMBER 2, 2019

Technology firms in China are framing facial recognition policies at the United Nations (UN), The Financial Times (FT) reported on Sunday (Dec. Standards established in the ITU are often used as doctrine by emerging nations. Europe and North America already have standards-setting units — IETF, IEEE and 3GPP.

National 144

National Technology Resources America 144

CFPB Monitor

AUGUST 20, 2020

federal and state financial institution regulators have taken meaningful, proactive steps to acknowledge financial inequality issues, reach out to traditionally underserved populations to expand access to credit, and further protect consumers from discrimination. This blog post contains a summary of those efforts.

Regulation 78

Regulation FDIC Community Lending 78

American Banker

MAY 8, 2020

The Independent Community Bankers of America accused the National Credit Union Administration of using the coronavirus outbreak to usher in additional changes without the normal amount of scrutiny.

Regulation 53

Regulation America Community National 53

PYMNTS

APRIL 13, 2016

Virgin loyalists are unlikely to get any help from regulators in saving their grounded carrier. ” First off, it pays to note that, despite the national pastime that is complaining about airports and air travel, average domestic fares are lower today than they have been in more than half a decade.

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Alaska America Wichita US 100

PYMNTS

NOVEMBER 9, 2017

Small banks do not want to compete with the Amazons and Walmarts of the world when it comes to offering financial services for clients — and as of today, they more or less are protected from having to do so by regulations that prevent banks’ holding companies from branching too far outside of core financial services businesses.

Regulation 100

Regulation Retail New York Apple 100

PYMNTS

JUNE 17, 2019

The dispute over the Office of the Comptroller of the Currency ‘s (OCC’s) national bank charter, which became available to FinTech firms last year, has reportedly caused technology conglomerates to shy away from a tool that aims to provide nonbank firms with a more streamlined way to operate on a national level.

Google 142

Google National Fintech Regulation 142

PYMNTS

JULY 2, 2020

European regulators are investigating Google’s proposed $2.1 In a separate move, nearly two dozen consumer groups, including the European Consumer Organization (the Belgium-based umbrella group that represents 45 consumer agencies from 32 countries), and the Consumer Federation of America, the Washington, D.C.

Google 199

Google San Francisco Washington Regulation 199

South State Correspondent

JANUARY 16, 2024

BSBY was not well received by US regulators from its inception, but the market eventually embraced SOFR over BSBY. Comerica Bank announced a $91mm charge, and Bank of America announced a $1.6B We believe that our program offers an advantage against the national banks. The reason for the cessation of BSBY is simple – lack of use.

Community Bank 195

Community Bank Community Compliance CA 195

PYMNTS

JANUARY 13, 2017

But thanks to faster cross-border payments solutions, the distance between nations across the world is shrinking considerably. But with so many unknown questions about how the technology functions, greater regulation may be required to help governments and the public trust and accept it. Regulation required. In short, no.

Regulation 100

Regulation blockchain Payments Technology 100

PYMNTS

MAY 26, 2016

Those services launched into virgin territory in terms of regulation — businesses of this kind had never quite existed before — and so the rules and regs in place did not quite manage to directly address them. But the events of the week indicate that this area is not likely to remain quite so gray forever. The Big Austin Loss .

Regulation 100

Regulation Austin San Antonio United States 100

PYMNTS

DECEMBER 10, 2020

and Europe the ability to send secure funds to 12 nations in Africa for a reduced charge. PayPal’s Remittance Arm Xoom Enables Low-Fee Wallet Transfers Across Africa. Xoom, PayPal's money transfer arm, is now offering clients in the U.S., Canada, U.K. Sending money to Africa through traditional channels has always been expensive.

Payments 178

Payments Google Technology Taxes 178

PYMNTS

MARCH 5, 2018

Best Taking a Stand — DICK’S, Bank of America, Kroger, BlackRock, Delta, United (etc). This week saw three very big names in retail and payments weigh in on the debate over gun control in an attempt to push the market toward regulating itself with or without government intervention. We had a pit in our stomach,” Stack told CNN. “We

Regulation 108

Regulation Data Regional America 108

Abrigo

NOVEMBER 18, 2019

It spares financial institutions, federal home loan banks, insurers, and their employees who provide banking services to state or tribe licensed CRBs or MRBs from prosecution under federal law or regulation. Are you still confused on the rules and regulations around banking cannabis-related businesses? BSA Rules and Regulation.

Regulation 150

Regulation Community National Operations 150

PYMNTS

JUNE 14, 2017

Not only do regulations vary from jurisdiction to jurisdiction, but the consequences of non-compliance vary greatly, too. Efforts to promote fair competition and boost international trade could offer some relief eventually, especially as the nation aims to harmonize its regulations with those of the European Union.

Compliance 146

Compliance Marketing Taxes Groups 146

PYMNTS

AUGUST 24, 2020

Here’s the latest news from Facebook, Amazon and others, which are coming under increasing scrutiny from regulators, trade groups and politicians the world over. Regulations. The services are not currently registered as distinct entities, although they are provided to users in the nation. Facebook Supports Data-Portability Law.

social media 152

social media Data Apple Compliance 152

PYMNTS

APRIL 30, 2018

National Small Business Week is this week in the U.S., But analysts from Bank of America, Square, Navcom and the National Association for the Self-Employed warn that challenges for some SMBs have reached new heights, too. and finance experts are celebrating with new data on the state of the entrepreneurial community.

Taxes 144

Taxes America National Community 144

PYMNTS

NOVEMBER 27, 2019

Xero, for instance, recently struck a FinTech-to-FinTech-to-Bank integration agreement, while Australia’s National Australian Bank demonstrated the opportunities for API connectivity and FinTech partnerships to address banking friction for larger corporates, too. Plaid’s Global Expansion. and Canada.

Fintech 227

Fintech blockchain Data National 227

PYMNTS

JULY 22, 2019

“If a firm needs to digitally onboard someone and verify them, we can help that company do that fairly seamlessly,” Samer Atassi, regional director, Latin America and Caribbean for Jumio, told PYMNTS in a recent conversation. Identifications aren’t standardized across Latin America, and they’re based on paper in many cases.

Innovation 161

Innovation Payments Regional America 161

PYMNTS

NOVEMBER 28, 2017

comptroller of the currency on Monday to serve as the leading regulator of national banks. Treasury Secretary Steven Mnuchin, will oversee big banks, such as Bank of America , JPMorgan Chase & Co. Joseph Otting was sworn in as U.S. According to news from Reuters , Otting, a former banking executive and associate of U.S.

California 100

California Regulation America National 100

PYMNTS

JUNE 21, 2018

Sources say Robinhood Markets is in talks with regulators about offering banking services to its more than 4 million users. The app was specifically targeted at millennials — roughly 80 percent of the Robinhood app’s beta testers were under 30 years old, with an average age of 26.

Regulation 123

Regulation Millennials California Capital 123

Independent Banker

MARCH 31, 2022

“I’m so inspired by the professionalism, integrity and commitment of our executive committee and board of directors as we work together to serve the needs of community bankers across the nation,” says Terry Jorde, ICBA senior executive vice president and chief of staff. ICBA president and CEO Rebeca Romero Rainey echoes this sentiment.

Community Bank 239

Community Bank Community Industry Texas 239

PYMNTS

JULY 11, 2019

Lawmakers went on the assumption that reforming federal marijuana laws is a given and used the hearing to discuss regulation. policy manager at the Drug Policy Alliance’s Office of National Affairs. The meeting marks a significant development in the marijuana reform movement. Karen Bass, D-Calif.

Policies 199

Policies Washington America Meeting 199

PYMNTS

OCTOBER 9, 2020

Attorney General William Barr said that while cryptocurrency could fundamentally transform how human beings interact and how we organize society, “ensuring that use of this technology is safe and does not imperil our public safety or our national security is vitally important to America and its allies.”.

cryptocurrency 205

cryptocurrency Bitcoin US Security 205