Chris Skinner

MAY 1, 2017

Now I don’t want to get into politicks, as that’s not my job, but I do want to point to an interesting article on TechCrunch by Nik Milanovic (@NikMilanovic) that illustrates the issue well. Back in December, I picked up on this new Office of the Comptroller of the Currency (OCC) Ruling to issue national FinTech bank charters.

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Abrigo

AUGUST 20, 2021

Would you like others articles like this in your inbox? Crime proceeds linked primarily to the national sector such as fraud, burglaries, theft, robberies, loan sharking or protection racketeering were not included in these estimates.”. BSA Rules and Regulation. BSA Rules and Regulation. Takeaway 2 The U.S. BSA Training.

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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. Because, as of right now, the same basic question animates both plots: Will they or won’t they? So, time to panic in bitcoin land?

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PYMNTS

MARCH 6, 2017

China’s Forex regulator wants the nation to open up its domestic market, reports said Friday (Mar. Deputy head of the State Administration of Foreign Exchange Fang Shangpu penned the article. Deputy head of the State Administration of Foreign Exchange Fang Shangpu penned the article.

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Perficient

AUGUST 16, 2020

However, you may not know that there are certain rules/regulations that must be accounted for so you can remain compliant with FCC regulations. In short, if you had to take anything away from the article it would be: FCC rules require the dialing of 911, with no pre/post digits required to initiate the call (Kari’s Law).

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Abrigo

OCTOBER 19, 2023

In this article, we’ll explore the history of Cybersecurity Awareness Month, how it impacts the financial services sector, and what financial institutions can do to promote cybersecurity awareness among their employees and customers. And what does it mean for banks and credit unions?

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Abrigo

JULY 16, 2021

Would you like others articles like this in your inbox? Takeaway 2 Regulations haven't been written, but there are steps community financial institutions can take now to prepare. While these are general today, the AMLA requires that regulations be written around each Priority, as appropriate. financial system. How to prepare.

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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. We published various articles comparing community bank alternatives to LIBOR (such as SOFR, Ameribor, Fed Funds, and Prime). We believe that our program offers an advantage against the national banks.

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Abrigo

NOVEMBER 2, 2021

Would you like other articles like this in your inbox? On January 1, 2021, the Senate voted into law the National Defense Authorization Act (NDAA). The AMLA is extensive, and there are many steps involved before FinCEN can implement the act, such as conducting studies, writing regulations, and publishing guidance. Learn More.

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CFPB Monitor

SEPTEMBER 5, 2019

federal district court has granted the OCC’s motion to dismiss the lawsuit filed by the Conference of State Bank Supervisors (CSBS) to block the OCC from issuing special purpose national bank (SPNB) charters to fintech companies. In addition, the court pointed to the OCC’s agreement to notify the court and CSBS of a filing.

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Abrigo

MARCH 24, 2021

Anti-Money Laundering Act of 2020 BSA professionals should prepare for changes as new regulations and guidance from FinCEN unfold. Want more BSA readiness articles sent to your inbox? Takeaway 2 While the AMLA is now law, regulations, guidance, and other information still needs to be written. Anti-Money Laundering Act of 2020.

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Abrigo

DECEMBER 10, 2021

Would you like other articles like this in your inbox? This update clarifies that banking regulators and FinCEN understand that no specific customer type automatically falls into a higher risk category. Remember, regulators use this instruction manual when they conduct an examination. BSA Rules and Regulation. Learn More.

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The Financial Brand

FEBRUARY 8, 2023

This article NCUA Chief Targets Rate & Liquidity Risks as Credit Unions Reframe Competitive Strategies appeared first on The Financial Brand. The National Credit Union Administration chairman discusses new regulations, worrisome lending trends, fintechs and more in a wide-ranging interview.

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PYMNTS

OCTOBER 18, 2018

In July, reports in the Financial Times said Switzerland is working to open the nation’s traditional corporate banking market to cryptocurrency companies finding it difficult to get banked, thanks to fears over anti-money laundering (AML) violations and other compliance issues. “Time is pressing,” he said.

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Guidelines cryptocurrency blockchain National 213

Abrigo

DECEMBER 17, 2021

Would you like other articles like this in your inbox? With the passing of the Anti-Money Laundering Act of 2020 (AMLA) as part of the National Defense Authorization Act, FinCEN will be issuing AMLA regulations and guidance throughout 2022 around AMLA requirements and will affect the AML work effort for financial institutions.

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CFPB Monitor

JANUARY 9, 2019

federal district court in October 2018 by the Conference of State Bank Supervisors (CSBS) to stop the OCC from issuing special purpose national bank (SPNB) charters to fintech companies. That lawsuit was dismissed for failing to establish an injury in fact necessary for Article III standing and for lacking ripeness for judicial review.

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Abrigo

JULY 10, 2015

While regulations within the banking industry are, of course, a necessity, the ongoing conversation about striking a balance between mitigating risk and overregulation continues in government, media and financial institutions themselves. Regulators, American Banker notes, are the CROs biggest fans, and are in near constant communication.

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Jeff For Banks

FEBRUARY 6, 2011

Take for example the language from an FA Article relating to a strategic plan issued by the OCC to The Suffolk County National Bank of Riverhead (“SCNB”) in New York on October 25, 2010: “The Board shall adopt, implement, and thereafter ensure Bank adherence to a written strategic plan for the Bank covering at least a three-year period.

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PYMNTS

MARCH 7, 2018

Specific to the warning, as Reuters reported in a separate article, the SEC said several online trading platforms should be registered with — surprise, surprise — the SEC itself. Among the issues raised by the regulator, the SEC noted that investors may have faith and a sense of security triggered by the operating label of an “exchange.”

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Bitcoin cryptocurrency Regulation Security 108

Abrigo

AUGUST 31, 2023

From a security standpoint, forcing customers into Western nomenclature can lead to missed OFAC specially designated nationals (SDN) list matches, and open-source information searches could be lost or overlooked.

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Compliance Community Training System 195

BankBazaar

DECEMBER 12, 2023

In this series of articles, we’ll discuss the different routes you can take to plan your retirement or strengthen your current financial standing. In this article, we’ll discuss two government – backed retirement plans. As another year comes to an end, it’s important for us to equip you with the best investment ideas.

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Abrigo

NOVEMBER 17, 2023

The true cost of fraud goes beyond the initial reported fraud losses Would you like other articles like this in your inbox? The Financial Crimes Enforcement Network (FinCEN) has listed fraud and cybercrime as two of their National AML/CFT Priorities. Measuring the cost of fraud losses. financial s ystem.

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South State Correspondent

JUNE 7, 2023

This article details why banks are a special case and then provides our interactive estimate to see what your bank might be eligible to receive. Unable to hold in-person meetings—with customers, partners, regulators, industry representatives, and more.

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PYMNTS

AUGUST 22, 2019

Any addresses deemed to be associated with foreign narcotics operators are added to the Specially Designated Nationals (SDN). 21, it was discovered that three alleged narcotic operators associated with the SDN addresses were Chinese citizens: Xiaobing Yan, Fujing Zheng and Guanghua Zheng, according to the article.

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United States cryptocurrency US Bitcoin 116

PYMNTS

JULY 5, 2018

Reports are surfacing that, since the European Union’s General Data Protection Regulation took effect on May 25, customers exercising their rights under the law are contacting companies with questions about how their online data is being handled, and to request copies of that data. Breathing Room. Brazil Law?

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PYMNTS

AUGUST 30, 2019

Ten banks will be consolidated, Finance Minister Nirmala Sitharaman told the outlet – including the country’s second-largest state lender, Punjab National Bank. Bad loans and governance concerns have hampered growth in recent years, the article said. The circumstances have prompted calls for more regulation.

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Lending National Regulation System 115

CFPB Monitor

MARCH 20, 2017

Alan has now written an article published in BankThink, American Banker’s “platform for informed opinion about the ideas, trends and events reshaping financial services,” that urges the OCC to issue a rule to address Madden. As Alan demonstrates in his article, there is clear OCC and U.S.

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CFPB Monitor

JULY 29, 2020

The New York Department of Financial Services (DFS) has filed its opening brief with the Second Circuit in the OCC’s appeal from the district court’s final judgment in DFS’s lawsuit challenging the OCC’s issuance of special purpose national bank (SPNB) charters to non-depository fintech companies. . DFS is entitled to nationwide relief.

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Fintech New York Regulation National 88

Chris Skinner

JUNE 25, 2017

I was going to blog about something different, when I spotted this article in The Financial Times about Klarna gaining a banking license over the weekend (thanks to Pascal Bouvier). For me personally, it’s a day I’ve been looking forward to for a long time,” he said of Monday’s decision by Swedish regulators to give Klarna a banking licence.

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Fintech Online National Regulation 205

Abrigo

SEPTEMBER 22, 2015

Many community banks see this as a welcomed move towards offering smaller institutions some relief from the regulatory pressures of their larger, national counterparts. An article in American Banker noted that preparing call reports have become increasingly time-consuming and complex. Sound is a $500 million institution.

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South State Correspondent

AUGUST 21, 2022

In this article, we will discuss what community banks should look for in a hedge provider, specifically in a loan-level hedging program. Meet Competitive Pressures: National and larger regional banks are specifically targeting better borrowers for seven, ten, or 20-year fixed-rate loans. How Your Hedge Provider Can Be Relational .

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How To Community Bank Community FDIC 195

Abrigo

JUNE 5, 2015

In a recent Forbes article, Frank Sorrentino, Chairman and CEO of ConnectOne Bank, offered his take on how financial institutions should flip their mindset on regulators and examinations. Stress testing is one such area where many smaller banks are feeling the weight of regulation.

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Risk Management Community Bank Regulation Survey 150

Jeff For Banks

MAY 20, 2017

And regulators are getting anxious. Today, I read an American Banker article on how a multi-billion dollar bank is going to ramp up its business lending. Reading between the lines, this bank is likely over the CRE guidance levels, and were probably getting grief from their regulators about it. Anxiety, anxiety, anxiety.

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Lending Regulation Community Community Bank 60

South State Correspondent

AUGUST 21, 2023

Community bankers often lament the COF advantage at national banks – but the numbers do not support this view. We recently published an article concluding that the average community bank’s cost of capital is 12.5% ( here ).

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Finer Points

AUGUST 3, 2015

While ICBA continues our full-court press toward advancing community bank regulatory relief all the way through Congress and to the president’s desk, we are also making noticeable headway in raising public awareness of the problem via the national news media.

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Community Bank Washington Community National 100

Money and Payments

AUGUST 14, 2023

Simply put, the European legislator decided upon promulgating a regulation that obliges future virtual asset providers to broadcast personal data for all transactions along in the international value chain for reasons of preventing money laundering and terrorist finance. Where can I find the disputed requirement(s) in the EU regulation?

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Regulation Data Maine Operations 36

Money and Payments

AUGUST 8, 2023

Simply put, the European legislator decided upon promulgating a regulation that obliges future virtual asset providers to broadcast personal data for all transactions along in the international value chain for reasons of preventing money laundering and terrorist finance. Where can I find this requirement in the EU regulation?

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Regulation Data Maine Operations 36