CFPB Monitor

DECEMBER 8, 2022

As a result, a company that controls an institution that is not a BHCA bank is not required to register as a bank holding company with the Federal Reserve Board and, therefore, is not subject to regulation and supervision by the Federal Reserve Board. The bill is co-sponsored by Senators Bob Casey (D-Pa.) and Chris Van Hollen (D-Md.).

FDIC 78

FDIC Company Industry Regulation 78

South State Correspondent

AUGUST 21, 2023

The three risks are: 1) rising funding costs to erode profitability, 2) reduced capital at small banks compared to larger banks, and 3) elevated commercial real estate (CRE) credit risks. Rising Funding Costs In Q2/23, the industry’s cost of funding rose rapidly.

Community Bank 195

Community Bank Community Capital Analysis 195

PYMNTS

OCTOBER 25, 2019

financial regulators represent the interests and needs of the nation and its financial services stakeholders,” according to a statement. “By promoting knowledge-sharing on innovation in financial services, U.S. Participation in international organizations such as this helps U.S. Colorado’s bill does have support from some lawmakers. “My

Colorado 102

Colorado Regulation Innovation Wyoming 102

PYMNTS

JANUARY 8, 2021

The Cyberspace Administration of China is considering a revamping of internet oversight regulations, rules that have not been updated in more than 20 years, according to a Reuters report on Friday (Jan. The plan to revise cyberspace regulations comes at a time when China is stepping up the scrutiny of tech giants.

Online 171

Online Regulation Maine National 171

Abrigo

FEBRUARY 6, 2024

The NCUA has emphasized the importance of considering the industries and loans the credit union plans to fund. Board involvement is not only a regulatory requirement but also a means to ensure safety, soundness, and adaptability to changes in lending regulations or institution-specific strategies. How robust is your compliance program?

Lending 221

Lending How To Risk Management Policies 221

Abrigo

DECEMBER 18, 2023

WATCH Takeaway 1 Banks and credit unions are critical sources of capital for businesses in their communities, so how institutions assess CRE credits matters. Takeaway 3 Loan-level stress testing can help assess repricing risk, while capital stress testing helps clarify the impact of CRE loan losses on capital.

Risk Management 221

Risk Management Management Lending Capital 221

Independent Banker

MARCH 31, 2022

Here stood a group of experienced and passionate community bankers who have dedicated themselves to advocating for the industry they care so deeply about. The key is to demonstrate how additional regulatory burdens on the community banking industry will negatively affect the customers and communities we serve.

Community Bank 239

Community Bank Community Industry Texas 239

PYMNTS

JUNE 10, 2016

As a general rule, most startups aren’t too happy when the regulator comes around, and it is rarely indicative of good news. And while that is bad news for a startup like Uber, as it turns out, instinctive fear of the regulator is not an endemic condition among startups. Kennedy School of Government.

Regulation 100

Regulation National Austin Fintech 100

PYMNTS

JULY 22, 2016

It’s even more surprising given that 2016 could be the year that regulation begins to really kick in for these lenders — in the U.S., Investors seem confident in the industry’s startups and their ability to provide adequate risk management and underwriting for their loans; VCs provided more than $11.5 million funding round.

Lending 100

Lending Regulation Big Data Risk Management 100

PYMNTS

JANUARY 13, 2021

Plus, the United Kingdom and the European Union are set to begin discussions on financial services sector regulation now that Brexit has been affected. Globe Fintech, which is called Mynt, said Bow Wave Capital Management and existing investors took part in the fundraise. UK, EU Begin Negotiations Over Financial Services Regulation.

Video 130

Video United States Mobile Payments 130

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

CFPB Monitor

MARCH 30, 2020

The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) includes the following key provisions that affect financial institutions and regulation of financial institutions: Section 4003 – Emergency Relief and Taxpayer Provisions. Section 4010 – Temporary Hiring Flexibility. Section 4011 – Temporary Lending Limit Waiver.

Regulation 122

Regulation United States Community Bank National 122

PYMNTS

FEBRUARY 15, 2018

In an interview with PYMNTS, Charles Clark, acting deputy director of the Washington State Department of Financial Institutions, said there had been complaints by industry participants about the differing legal requirements of getting licensed in each individual state as a money transmitter, especially in terms of disparate procedures.

Washington 101

Washington Regulation Conference Fintech 101

Abrigo

SEPTEMBER 26, 2014

Within the financial industry, the word “regulation” often receives a mixed reaction. What’s been mostly out of the mainstream news cycle, though, is the effects of regulation following the financial crisis on the community banks– specifically, credit unions. ” The piece was written by B.

Capital 191

Capital National Regulation Risk Management 191

Independent Banker

SEPTEMBER 25, 2014

The better prepared, the less likely they are to run afoul of the continually shifting regulations. Regulators and industry consultants agree that community banks are generally doing a great job handling their regulatory oversight and requirements. percent, which outpaced industry loan growth of 3.6

Compliance 101

Compliance Regulation Community Bank Community 101

PYMNTS

JUNE 16, 2020

Cyberattacks against the financial industry have jumped by 238 percent in just the first five months of the year, VMware, Inc. Cybercriminals are capitalizing on COVID-19, and they are doing so in tandem with the news cycle,” he said during the virtual hearing. House of Representatives subcommittee on Tuesday (June 16).

US 227

US Cyber Security Security National 227

PYMNTS

MARCH 27, 2019

nears possible regulation that could open the banking doors to legal marijuana businesses, there are some business owners in the industry who may not want to see such legislation pass: the competition in Canada. industry players have faced in accessing financing to help them grow and compete. As the U.S. ”

Capital 119

Capital Industry Regulation Lending 119

PYMNTS

FEBRUARY 3, 2019

Australia’s competition regulator is going after the banking industry in the country, vowing to punish what it claims is misconduct, reported The Financial Times. He noted that regulators shouldn’t have allowed Westpac to merge with St George Bank back in 2008, reported The Financial Times.

Regulation 101

Regulation Fintech Study Industry 101

PYMNTS

FEBRUARY 19, 2019

The new regulations state that these futures exchanges and clearing houses need to have paid-up capital of at least 1.5 trillion Indonesian rupiahs ($106 million USD), as well as have a closing capital balance of at least 1.2 trillion Indonesian rupiahs.

Bitcoin 164

Bitcoin blockchain cryptocurrency Capital 164

PYMNTS

OCTOBER 8, 2018

And Seoul Mayor Park Won-soon unveiled a $108-million plan to make the capital into a blockchain-enabled smart city, Coindesk reported. In other news, regulators in the European Union are looking at initial coin offerings (ICOs) to determine if they need to be regulated, Reuters reported. telephone number management.”

blockchain 176

blockchain Bitcoin Regulation Security 176

PYMNTS

APRIL 13, 2020

Activity during the month likely fluctuated notably and the impact is unlikely to be uniform across all industries,” Nomura Holdings said in a note to clients April 9. Although they don’t have to report anything by SEC regulations, GameStop will be interesting to watch this week. percent decline in February.

Retail 216

Retail Data Capital New York 216

PYMNTS

JANUARY 11, 2021

For its part, Paxos describes itself as a regulated financial institution that builds infrastructure to enable movement between physical and digital assets. However, when it comes to actually clearing and settling those supersonic trades, that part of the financial industry has barely improved at all. This is a really seismic shift.”.

blockchain 193

blockchain Bitcoin Regulation System 193

Lex Sokolin

FEBRUARY 2, 2022

Anyway, this is a mechanism that regulates the spending of energy and attention according to the pursuit of some sort of goal. tribes, nations, companies, societies, NFT Discords?—?have Alternately, you might be a growing nation in need of risk-seeking activity?—?a calorically, evolutionarily? Forgive the anthropomorphism.

National 52

National Google Regulation US 52

Gonzobanker

FEBRUARY 29, 2024

Well folks, they’re back—the cries from the rooftops, in the media and at conferences that “Scale Matters” in our consolidating and technically transforming banking industry. A recent round of bank merger announcements and the marquee Capital One/Discover deal illustrate this mantra’s popularity.

Tools 163

Tools Analytics Data System 163

PYMNTS

OCTOBER 22, 2020

“COVID, in general, has accelerated the adoption of digitization within the banking sector, but in particular, for the unbanked,” Kelly Switt , Red Hat ’s senior director of financial services industry strategy, ecosystem and strategic partnerships, told PYMNTS. Crypto And AI/ML.

Payments 206

Payments Community Mobile Comparison 206

FICO

DECEMBER 13, 2019

The guiding ethos of fintech (and really any industry portmanteau ending in ‘tech’) is move fast and break things. The most prominent villain for fintech companies is regulation. And when fintechs and challenger banks aren’t constrained by regulation (as they mostly are in the U.S. Generally this ethos is presented as a virtue.

Regulation 52

Regulation Fintech Lending Branding 52

Independent Banker

JULY 31, 2022

Locality Bank, a digital-first community bank serving south Florida that opened in January, is run by industry veterans with such successful track records that regulators signed off on their application for a charter in less than a year. Assets: $55 million. Location: Fort Lauderdale, Fla. Built on a solid foundation.

Florida 91

Florida Community Bank Community FDIC 91

PYMNTS

FEBRUARY 19, 2019

banking industry is in flux, largely thanks to federal policy that has made it easier (and faster) for institutions to merge. As concerns are raised about how industry consolidation might impact competition, Federal Reserve Chairman Jerome Powell is warning that it could hinder small businesses’ access to capital and financial services.

Marketing 108

Marketing Community Community Bank Industry 108

PYMNTS

JUNE 6, 2018

Prospa , an Australia-based small business lending platform, will float on the Australian Securities Exchange today (Wednesday, June 6), amid increasing pressure from regulators on the nation’s banking and financial services industry.

Lending 100

Lending Regulation Industry National 100

PYMNTS

SEPTEMBER 18, 2018

The nation is forming a Direct FAST industry group, where the members will include traditional financial institutions (FIs), FinTech firms and the Monetary Authority of Singapore (MAS). The movement to open that FinTech access, said the minister, brings “greater convenience to consumers” as those individuals use their eWallets.

Fintech 166

Fintech New York US National 166

Gonzobanker

DECEMBER 14, 2023

Just think of what the industry dealt with in the last 12 months: The brunt of the unprecedented scope and pace of Fed rate hikes hit home, and banks have seen an.80 Just think of what the industry dealt with in the last 12 months: The brunt of the unprecedented scope and pace of Fed rate hikes hit home, and banks have seen an.80

Fintech 195

Fintech Community Regional Technology 195

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.

Regulation 71

Regulation FDIC National Capital 71

Gonzobanker

FEBRUARY 1, 2024

Early this week, the conference was the epicenter of discussions, where 2,000 attendees descended upon Arizona to strategize and set the tone for our great industry’s future. As disruptive innovation finds a home in banking, the industry anticipates a surge in technology’s ability to drive tangible business outcomes.

Conference 88

Conference FDIC Arizona Industry 88

PYMNTS

OCTOBER 27, 2016

The Securities and Exchange Commission is considering new regulations that alternative lenders say would curb their ability to lend to small businesses. It would require these lenders to maintain high capital levels to safeguard against potential losses, meaning less cash can be used to finance small business loans, reports explained.

Capital 100

Capital Lending Company Industry 100

PYMNTS

DECEMBER 10, 2020

Procurement within the healthcare industry is perhaps more complex than most sectors thanks to an array of factors, but when the pandemic hit, many of the typical challenges exploded into insurmountable hurdles. Plus, he explored the opportunity that procurement digitization offers to an industry still grappling with dizzying demand.

Operations 219

Operations Fraud Industry Management 219

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. The spokeswoman was referring to the year in which Wells Fargo reached a settlement with regulators over the fake accounts.

National 144

National Capital Regulation Report 144

PYMNTS

MARCH 5, 2018

In Europe, on the other hand, the focus is on using mobile devices to transform the experience of inter-city travel, while in Thailand the challenge will be to solve for digital payments experiences in the growing tourism industry. SoftBank Group led the round, along with participation from GIC, Wellcome Trust and Sequoia Capital.

Regulation 108

Regulation Data Regional America 108