PYMNTS

JULY 11, 2019

In a first-ever congressional hearing on marijuana law reform, the House Judiciary Subcommittee on Crime, Terrorism and Homeland Security convened July 10 to debate altering federal law around cannabis, CNBC reports. The meeting marks a significant development in the marijuana reform movement. Karen Bass, D-Calif.

Policies 199

Policies Washington America Meeting 199

Chris Skinner

MAY 18, 2016

I’m often asked whether banks should be afraid of the threat of Fintech. My answer is that most Fintech is enhancing what banks do, rather than threatening their core business.

Fintech 236

Fintech Digital Banking 236

PYMNTS

MARCH 23, 2018

A new survey from TD Bank suggests corporate treasurers have mixed outlooks on the impact of U.S. tax reform on their organizations. Forty-two percent of professionals surveyed said they believe tax reform will lead to significant economic benefits for their organizations, TD Bank said. as a result of tax reform.

Taxes 100

Taxes Survey Capital Compliance 100

CFPB Monitor

SEPTEMBER 8, 2022

Curinos was formed from the combination of two data driven business intelligence companies, Novantas and Informa’s FBX business. . As of August 2022, at least 29 financial institutions with more than $10B in assets have announced significant reforms to their overdraft policies.

Study 78

Study Policies Innovation Analysis 78

Perficient

MARCH 3, 2022

Federal bank regulators work together to design Comprehensive Capital Analysis and Review (“CCAR”) stress tests that are designed to ensure that even in the case of a severe recession, significant banks can lend to households and businesses. Covered institutions are required to use specific scenarios to conduct the stress tests.

Capital 294

Capital Regulation Exercises United States 294

Perficient

OCTOBER 27, 2022

Seeking additional arrows in their quiver against large bank failures, on October 14, 2022, the Federal Reserve Board (FRB) and Federal Deposit Insurance Corporation (FDIC) published an Advance Notice of Proposed Rulemaking (ANPR). Current Category I-III Bank Rules. For large banking organizations that are not U.S.

Capital 275

Capital Regulation FDIC Regional 275

PYMNTS

OCTOBER 8, 2019

The year’s final quarter is upon us, marking an opportunity to look back at Q3 and obtain a reading of small businesses’ most pressing — and most timely — concerns. small businesses and finds, unsurprisingly, a trove of challenges on business owners’ plates. This week’s B2B Data Digest dives into the latest surveys of U.S.

Survey 134

Survey Taxes Data Report 134

PYMNTS

NOVEMBER 23, 2020

India’s central bank is considering allowing payment banks and other finance companies to become lenders. A working group within the central bank is also mulling over whether to allow industrial conglomerates to set up banking units, according to Reuters. In a committee report released on Friday (Nov.

Groups 244

Groups Regulation Lending Industry 244

PYMNTS

FEBRUARY 11, 2020

China’s central bank gave Mastercard the go-ahead on Tuesday (Feb. 11) to set up a bank card clearing business, granting access to a $27 trillion payments market, according to reports. . The central bank said Mastercard and its partner, NetsUnion Clearing Corp. billion bank cards in circulation were debit cards.

Marketing 200

Marketing Payments Cards Mobile 200

PYMNTS

DECEMBER 26, 2019

The Central Bank of the Bahamas is planning to start a rollout of its new digital currency on Friday (Dec. The intent is to start a fully-fledged central bank digital currency (CBDC). According to the press release, the bank is working to make sure its services are available to everyone and streamlined to be as fast as they can be.

System 209

System cryptocurrency Digital Banking Survey 209

PYMNTS

APRIL 24, 2020

The People’s Bank of China (PBOC) is launching a pilot program to trial its new digital currency yuan with 19 local businesses, including the U.S. China is the first country to launch a central bank digital currency (CBDC) or digital currency electronic payment (DCEP). chains Starbucks, Subway and McDonald’s.

social media 209

social media National Regulation Groups 209

PYMNTS

APRIL 28, 2020

Brattleboro Savings & Loan (BS&L) has chosen NCR Corporation , a global enterprise technology provider for the financial industry, to provide customers with an improved digital banking experience, the companies announced Tuesday (April 28) in a press release. That first day was challenging for everybody,” he said in the report.

Digital Banking 142

Digital Banking Vermont Atlanta US 142

PYMNTS

APRIL 10, 2020

With the newest effort to direct more funding its most susceptible business vertical, China’s banking regulator said it would begin to watch the level of support lenders are providing to smaller companies that are encountering difficulties. The acute economic impact from COVID-19 has made those activities more pressing.

Lending 151

Lending Guidelines Regulation Industry 151

Payments Source

SEPTEMBER 28, 2020

Mary Mack, who heads Wells Fargo's consumer banking and small business division, talks about the challenges of reforming a bank's culture from the inside, the rise of women in the banking industry and reaching customers who need their services the most.

How To 61

How To Industry 61

PYMNTS

JUNE 18, 2020

.’s Main Street Lending Program intended to aid small- to medium-sized businesses (SMBs), The Wall Street Journal (WSJ) reported. The higher fees, Liang and English said, would encourage more banks to participate in the program, which has been criticized for its specific and limiting terms.

Maine 141

Maine Lending Meeting Capital 141

PYMNTS

SEPTEMBER 11, 2017

A new report from the International Finance Corporation, a part of the World Bank Group, finds correspondent banking relationships are down, an unintended consequence of regulatory reform. 8) said 27 percent of global banks surveyed have reported a drop in the number of correspondent banking relationships.

Survey 128

Survey Groups Regulation Compliance 128

PYMNTS

MARCH 14, 2019

Corporate treasurers are increasingly concerned about a complex regulatory environment, according to the latest analysis from Strategic Treasurer and TD Bank. Unfortunately, the report found, recent tax reform in the U.S. and challenging monetary policy, which contributed to an overall decline in corporate confidence.

Fraud 115

Fraud Survey Taxes Regulation 115

Abrigo

FEBRUARY 25, 2022

The year 2021 saw a continuation of pandemic policies and changes, a new administration in Washington , and regulatory reform from the Financial Crimes Enforcement Network ( FinCEN ). For example, politically exposed persons (PEPs) that your institution works with are not necessarily all high risk, nor is every restaurant that you bank.

Regulation 195

Regulation Policies Compliance Washington 195

TheGuardian

OCTOBER 4, 2020

about the proposed “reform” of the National Consumer Credit Protection Act, I smell a very large rodent. about the proposed “reform” of the National Consumer Credit Protection Act, I smell a very large rodent. Reform” here is effectively code language for repeal.

Lending 98

Lending National Regulation Course 98

PYMNTS

FEBRUARY 18, 2019

According to Reuters , the SOEs have been undergoing reforms since 2016 in an effort to make them more competitive. Back in August, the banking and insurance regulator in China issued changes to enable more foreign investments in the country’s financial industry.

Regulation 101

Regulation Capital Industry Company 101

CFPB Monitor

JULY 15, 2020

The FDIC declined to join the OCC’s CRA reform effort, despite seemingly being in lock-step with the OCC up until that point. As to the Federal Reserve Board (“FRB”), it had already bowed out of the CRA reform effort in 2019. He did not provide a time table for possible rulemaking activity, however.

FDIC 78

FDIC Community Bank Community Regulation 78

PYMNTS

DECEMBER 27, 2018

Open banking, bank APIs and data sharing flourished in 2018, with small business and corporate financial services squarely in the path of this financial services trend as banks and FinTechs consider new ways to enhance business payments, accounting, treasury and financial management. Read what he had to say below.

Customer Experience 191

Customer Experience Survey Trends Data 191

PYMNTS

DECEMBER 15, 2017

A new survey from Citizens Bank explores how mid-market CFOs in the U.S. 14), Citizens Commercial Banking released the results of its newest survey, which examines input from 300 CFOs at companies with between $25 million and $2 billion in annual revenue. . In an announcement Thursday (Dec. ”

Marketing 116

Marketing Payments Survey Taxes 116

PYMNTS

APRIL 10, 2019

Wells Fargo , the embattled national bank that is still reeling from a 2016 fake account scandal, is having a hard time recovering and rebuilding its reputation, leaning on cost cuts amid declines in revenue. Just how bad it is at the bank will be on display when Wells Fargo reports quarterly earnings Friday (April 12).

National 144

National Capital Regulation Report 144

PYMNTS

JULY 12, 2019

The report said Colorado “had 2,917 licensed marijuana businesses and 41,076 individuals licensed to work in the industry as of June.”. As a result, banks, credit unions and payment card networks are hesitant to participate. As a result, banks, credit unions and payment card networks are hesitant to participate.

Retail 154

Retail Colorado Regulation Compliance 154

PYMNTS

JULY 1, 2019

The Bank for International Settlements (BIS) has sent out a warning about the rise in corporate borrowing, saying it could be a danger to the global financial system, according to The Guardian.

Taxes 128

Taxes Policies Regulation System 128

Abrigo

JANUARY 1, 2016

Government Accountability Office (GAO), community banks and credit unions are starting feel the impact of the Dodd-Frank Wall Street Reform Act. The GAO report, released on December 30th, examined nine Dodd-Frank rules that became effective as of October 2015 for impact on community banks and credit unions.

Community Bank 150

Community Bank Community Compliance Training 150

PYMNTS

APRIL 6, 2018

In its latest initiative to promote the digitization of B2B payments, Singapore’s DBS Bank said it’s working to support its corporate customers’ shift away from the paper check. Reports in The Business Times on Thursday (April 5) said DBS Bank wants a 30 percent reduction in corporate check use by 2020.

Mobile 122

Mobile Innovation Payments National 122

PYMNTS

AUGUST 1, 2018

A new report by the Bipartisan Policy Center recommended several reforms that would help the U.S. financial system improve the ability of small businesses (SMBs) to get financing, driven in part by a decline in startup formation in recent decades. She noted that the risks of bad actors should be considered as part of the reforms made.

Policies 100

Policies Report Regulation Maine 100

PYMNTS

JULY 20, 2017

million prize as the company looks to boost innovation in the small business banking space. As part of its Open Up Challenge, announced in February, Nesta called for FinTechs that are using APIs to disrupt small business banking. s Competition and Markets Authority as it promotes retail banking reform. “We

Fintech 155

Fintech Innovation Data Company 155

PYMNTS

MAY 3, 2018

Tax reform played a key role for several corporate successes in the first quarter of 2018. “Together, these factors mean that companies could invest more funds, hire employees and generally spend on both their businesses and communities.” corporates from spending their rising cash reserves.

Taxes 100

Taxes Analysis Washington Report 100

PYMNTS

AUGUST 31, 2020

In May, India announced a $266 billion stimulus package to help taxpayers and businesses. Last month, the chairman of the State Bank of India , the country’s largest lender, said the resurgence of the coronavirus jeopardizes reform of the financial system. “If

Taxes 150

Taxes Lending Report System 150

PYMNTS

OCTOBER 9, 2019

Germany’s state-owned savings and cooperative banks are moving forward with discussions that could create a powerful financial association with $286 billion in assets and a staff of 11,000, the Financial Times reported on Wednesday (Oct. Talks between Frankfurt bank Helaba and asset manager Deka were sparked by regional banking heads.

Regional 108

Regional Regulation System Financial Technology 108

CFPB Monitor

DECEMBER 27, 2019

If the OCC and FDIC move forward without agreement from the Federal Reserve, different banks could be faced with wildly different CRA regimes. The proposed rulemaking would create presumptive ratings that banks could determine themselves by looking at the amount of CRA-eligible activities as compared to the amount of deposits.

FDIC 117

FDIC Community Groups Regulation 117

PYMNTS

AUGUST 30, 2019

India’s Prime Minister Narendra Modi is merging state banks as the country looks for ways to offset a slowdown of the economy, Financial Times reported on Friday (Aug. Ten banks will be consolidated, Finance Minister Nirmala Sitharaman told the outlet – including the country’s second-largest state lender, Punjab National Bank.

Lending 115

Lending National Regulation System 115

BankUnderground

DECEMBER 8, 2021

Reforms following the 2008 financial crisis have led to significant increases in banks’ capital requirements. A large literature since then has focused on understanding how banks respond to these changes. Our new paper shows that pre-reform profitability is a vital, but often overlooked, driver of banks’ responses.

Regulation 81

Regulation Analysis Capital System 81

PYMNTS

OCTOBER 6, 2020

Plus, Bank of America launched a digital financial planning program. The official report, which examines Alphabet, Amazon, Apple, and Facebook, is expected to be released later this week by the House Subcommittee on Regulatory Reform, Commercial and Antitrust Law. Global Economy Worst In 100 Years, Business Leaders Warn.

America 137

America Payments California Customer Experience 137