CFPB Monitor

NOVEMBER 14, 2023

Last year, we blogged that Zelle was considering possible solutions for P2P customers on the Zelle Network who were the victims of scams. In an August 30, 2023 press release, Zelle announced that it was initiating new safety measures. Continue Reading

Payments 78

Payments 78

Abrigo

JULY 12, 2021

They addressed some of the most pressing illicit financial issues the world faces today. . Takeaway 1 Following the three-day plenary, FATF released expanded guidance in several areas of AML/CFT global conerns. New Guidance Released. FATF releases new guidance following plenary. keep me informed.

Training 195

Training Policies United States Report 195

Chris Skinner

AUGUST 27, 2017

This week’s main blog headlines are … Is Amazon About to Burst Banks? I get press releases all the time and generally ignore them. In fact, I don’t know why they email me, as I never post them on the blog.

Maine 171

Maine 171

PYMNTS

NOVEMBER 1, 2020

Crypto trading platform INX is moving ahead with its acquisition of digital securities trading firm Openfinance , a company blog post states. In addition, INX's tokens will be added to the mix, adding a security token that can be traded both by accredited investors as well as the general public from the outset, the blog says.

Bitcoin 212

Bitcoin cryptocurrency Fintech US 212

PYMNTS

NOVEMBER 25, 2020

24) blog post , improving on last year's version that only worked with brands. The features will be available next year, according to the blog post. Predictive finance platform Monit has rolled out new features to help banks better connect with small business customers, a press release says. 24) announcement.

Payments 229

Payments Data Management System 229

PYMNTS

JANUARY 24, 2021

Cryptocurrency-related crime fell in 2020, according to a blog post from Chainalysis. One of the reasons for the shift was that overall economic activity almost tripled between those two years, the blog says. One of the reasons for the shift was that overall economic activity almost tripled between those two years, the blog says.

Bitcoin 234

Bitcoin Marketing cryptocurrency Cards 234

PYMNTS

DECEMBER 17, 2020

The Salvation Army Western Territory is now accepting cryptocurrency donations, according to a press release. will be able to send bitcoin and ethereum donations to The Salvation Army using the Engiven ’s cryptocurrency donation platform, the release stated. This brings their total funding to $240 million, the release stated.

Bitcoin 148

Bitcoin cryptocurrency Community Meeting 148

PYMNTS

JUNE 22, 2020

million in refunds to 187,425 customers who were reportedly signed up for non-consensual payment plans with San Diego’s Triangle Media Corporation, according to a press release. Triangle and the other defendants made use of blogs, third-party websites and surveys to get people interested in the products, promising free trials.

San Diego 148

San Diego Video Fraud Online 148

CFPB Monitor

JUNE 7, 2022

On May 25, 2022, my colleagues, Mike Gordon, John Culhane and Ron Vaske published a blog which reported on a press release issued by the CFPB on the prior day entitled “CFPB Launches New Effort to Promote Competition and Innovation in Consumer Finance.” Cisneros of the CFPB’s press office. Not so, according to Raul E.

Innovation 78

Innovation Compliance Conference Operations 78

Chris Skinner

MAY 25, 2016

I was just sent a press pre-release copy of The Pulse of Fintech, the quarterly global report on Fintech VC trends published jointly by KPMG International and CB Insights. Q1 sees $5.7bn invested appeared first on Chris Skinner's blog.

Fintech 213

Fintech Trends Report Digital Banking 213

Chris Skinner

JUNE 9, 2016

I get all sorts of crappy press releases from public relations managers who are eager to see me prostitute my blog for them. You can decide which category this fits into: first direct identifies the factors … The post The financial customer of 2025 (according to #firstdirect) appeared first on Chris Skinner's blog.

Management 150

Management Digital Banking Fintech 150

PYMNTS

JANUARY 13, 2021

The Office of the Comptroller of the Currency (OCC) granted digital asset platform Anchorage Trust Company a digital banking license, according to a press release Wednesday (Jan. consumers, for nonexistent, high-end goods, such as cars, according to the release. Seven others have been sentenced, according to the release.

South Dakota 131

South Dakota Digital Banking Bitcoin cryptocurrency 131

Chris Skinner

NOVEMBER 5, 2017

I just got a press release with some stats and anyone who knows me will know that I like numbers.

Data 171

Data Regulation Management 171

CFPB Monitor

MAY 26, 2022

While the issuance of the new Circular allows the CFPB to issue a press release announcing that it is “act[ing] to protect the public,” the CFPB does not share any new information about the ECOA/Regulation B requirements in the Circular.

Compliance 143

Compliance Regulation Leadership Technology 143

PYMNTS

DECEMBER 23, 2020

Nuro has received the first-ever autonomous vehicle deployment permit from the state of California, according to a press release. The deliveries will start with automated Priuses before moving introducing the company's own autonomous vehicle, R2, the release stated.

California 166

California Software Meeting Technology 166

PYMNTS

JUNE 24, 2020

Fleetsmith , a startup that has built a platform enabling corporate IT crews to manage Apple devices, has been acquired by the tech giant, the company’s founders confirmed in a blog post. trillion , confirmed the deal in the trade press, but has not released an official announcement. Terms of the deal were not disclosed.

Apple 159

Apple Management San Francisco Security 159

PYMNTS

SEPTEMBER 8, 2020

Progress has announced that it will purchase Chef for $220 million, with the transaction to be finalized in October, according to a press release. In a separate blog post , Progress CEO Yogesh Gupta said the acquisition is "a step function" to help bolster everyone's operations all at once.

Resources 183

Resources Software Operations Compliance 183

Chris Skinner

JULY 15, 2016

I just received this press release and felt it worth sharing with y’all: The House of Lords Economic Affairs Committee will next week take evidence from the Deputy Governor of the Bank of England on blockchain technology, the distributed ledger that allows Bitcoin to function as an online currency.

Bitcoin 150

Bitcoin blockchain Online Technology 150

Chris Skinner

JULY 9, 2017

The post Things worth reading: 10th July 2017 appeared first on Chris Skinner's blog.

Data 192

Data Management 192

Bankelele

MARCH 29, 2016

On one side has been the public relations for the bank, of which I get the releases. Yesterday (March 28) the bank sent one, full of caution, urging their customers to ignore, a blog. At the beginning of the month (March 1) , the bank had issued another press release with a warning, and a threat to sue a blogger.

social media 28

social media National Regulation Online 28

PYMNTS

DECEMBER 27, 2020

bitcoin has become available at over 16,000 ATMs in December of this year, a press release from East London-based cryptocurrency company BitcoinPoint says. That resulted in limited liquidity for users, a company blog says. 29, 2021, the blog says. 25) and then $26,000 on Saturday (Dec. In the U.K., 10, 2021 at 1 p.m.,

Bitcoin 254

Bitcoin Miami cryptocurrency ATM 254

PYMNTS

DECEMBER 4, 2020

SellersFunding , which works in integrated financial services, has announced an expansion of its scope to sellers in other countries like Canada, the United Kingdom and the European Union, according to a press release. IBM Cyber Analysts Red-Flag Attempt To Hack COVID-19 Vaccine Supply Chain.

Taxes 153

Taxes Capital Company Regulation 153

CFPB Monitor

JULY 7, 2020

We will discuss that ratification in a separate blog post.). In its press release, the CFPB announced that it has denied the petition it received to commence a rulemaking to exclude debit and prepaid cards from the payments provisions. Constitution.

Payments 88

Payments Compliance Cards Lending 88

PYMNTS

NOVEMBER 14, 2018

Senior Vice President of Digital Operations Tom Ward said in a blog post , “Through it, w e aim to learn more about how we can take advantage of self-driving vehicles to deliver fresh groceries – hand-picked by our personal shoppers – to customers.”. Walmart U.S. households. Walmart U.S.

North Carolina 116

North Carolina Charlotte Miami Metro 116

CFPB Monitor

SEPTEMBER 16, 2022

The CFPB’s press release indicates that the report is also based on “deidentified submissions in the public CFPB complaint database and publicly available financial filings and other source material from the five firms who received the Bureau’s market monitoring orders.” Director Chopra also released prepared remarks on the report.

Report 78

Report Trends Data Policies 78

PYMNTS

SEPTEMBER 8, 2019

“The LINE Token Economy concept uses LINE’s internally-developed blockchain network, LINK Chain (mainnet), to build a LINK Ecosystem that aims to flatten the relationship structure between users and service providers to promote co-creation and mutual growth,” the company explained in a press release. marketplace, available in most U.S.

Bitcoin 149

Bitcoin blockchain social media US 149

Chris Skinner

APRIL 11, 2017

I blogged recently about American banks beating up the regulators to stop account access via APIs. I heard this in various White House meetings in 2016, and assumed all banks and bank people felt the same way. Well, they don’t. Citi’s head of FinTech Policy, Andres Wolberg-Stok, got in touch to clarify the true situation.

US 299

US Policies Washington New York 299

PYMNTS

DECEMBER 11, 2018

“Cryptocurrency is an ideal payment method for ecommerce and precious metals where the risk of chargebacks, fraud and identity theft with traditional credit cards is high,” Sonny Singh, chief commercial officer at BitPay, said in a press release.

Bitcoin 173

Bitcoin blockchain cryptocurrency Fraud 173

Abrigo

JULY 21, 2021

In June 2021, the White House released the first rendering of the National Strategy for Countering Domestic Terrorism 1 , a strong indicator that it is time for us all to be paying closer attention to this matter. FinCEN Releases AML/CTF Priorities: Implications for Community Financial Institutions. Learn more. BSA Training.

Training 195

Training National Strategy Regulation 195

PYMNTS

SEPTEMBER 1, 2020

“Instant account activity … allows institutions on Plaid Exchange to send user-permissioned transaction data to authorized Plaid developers within seconds of a user’s activity,” wrote Jesse Dhillon , a Plaid product manager, in a blog post. The new service has won an early endorsement from another FinTech.

San Francisco 159

San Francisco Fintech Software Data 159

Chris Skinner

MARCH 5, 2017

This week’s main blog headlines are …. The FinTech Wave, Part One I wrote a blog the other day for The Next Web. I thought it was ok, and it has gained a lot of traction socially.

Charlotte 150

Charlotte Fintech blockchain Maine 150

PYMNTS

FEBRUARY 28, 2019

In a press release , Amazon said with the new service Amazon will group together orders and deliver them on the same day of the week. In a recent blog post, the eCommerce leader announced Amazon Scout , a robot designed to transport packages to the door. Amazon announced Thursday (Feb. pick the day of delivery each week.

Washington 117

Washington Seattle Groups Retail 117

PYMNTS

JANUARY 29, 2019

In a blog post , Eric O’Toole, general manager of sports and fitness for Walmart U.S. Walmart said in the press release that products include officially licensed apparel, jerseys, hats, collectibles, tailgating items and novelty products. Walmart announced Tuesday (Jan. Beginning Tuesday (Jan.

Millennials 150

Millennials Branding Retail Operations 150

PYMNTS

FEBRUARY 20, 2019

. “Blockchain intelligence is increasingly important in the crypto ecosystem, and is necessary to achieve our mission of bringing the open financial system to the world,” wrote Varun Srinivasan, engineering director at Coinbase, in a blog post. This is the most complete insurance offering in the industry.

Bitcoin 164

Bitcoin cryptocurrency blockchain United States 164

PYMNTS

JANUARY 22, 2021

million in seed funding , Singapore-based Volopay is looking to expand its footprint into Australia, the company said in a recent press release. The company recently announced a $10 million Series A investment round led by RRE Ventures, while several other backers also participated, a press release said.

Security 204

Security Fintech Capital Management 204

CFPB Monitor

SEPTEMBER 8, 2022

As has been previously reported by the CFPB through a blog post and two December 2021 overdraft reports , which we previously blogged about here and here , many banks have announced innovations and policy changes in the past year to enhance their overdraft programs and reduce consumer harm.

Study 78

Study Policies Innovation Analysis 78

PYMNTS

MARCH 3, 2020

Each new building we open to make Same-Day Delivery even faster will create hundreds of part-time and full-time jobs,” Amazon said in a blog post. “In These are first-of-their-kind buildings and serve as mini-fulfillment centers optimized for faster click-to-delivery speeds,” Amazon said in a press release. .

Phoenix 175

Phoenix Philadelphia Dallas Community 175