PYMNTS

APRIL 13, 2020

“People are more interested in news about the spread of the virus than they are about the economic data,” said Art Hogan, chief market strategist at National Securities, said per a CNBC report. “We That’s ignored because we’re listening to who is plateauing … Is New York actually getting better and we see a peak?

Retail 216

Retail Data Capital New York 216

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

JANUARY 29, 2020

As online lending platforms proliferate among the SMB borrowing community, however, experts warn that a lack of regulation means these companies rarely publicly reveal interest rates and fees. At the state level, New York Governor Andrew Cuomo signed legislation in August to curb the use of confessions of judgment. ”

Lending 136

Lending New York Online New Jersey 136

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

NOVEMBER 5, 2018

The banks that are affected have $100 billion to $700 billion in assets, a tier that includes companies such as Capital One and U.S. The New York Times reported that stress tests will still be in place for any bank with more than $100 billion in assets. PSD2 News, Too.

Regulation 128

Regulation Guidelines New York Groups 128

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 73

Regulation FDIC National Capital 73

PYMNTS

JANUARY 17, 2018

Bitcoin losses, however, were probably felt a bit more acutely — by close of business in New York, bitcoin was trading for $10,370, a 48 percent fall-off from the peak price of $19,783 that it hit in mid-December 2017. And understandably so,” said Kerrie Walsh, assistant economist at Capital Economics.

Bitcoin 101

Bitcoin cryptocurrency New York National 101

Jeff For Banks

DECEMBER 9, 2020

On October 29, 2020, the New York State Department of Financial Services (DFS) issued a letter to all depositories and non-depositories regulated by them regarding climate change and financial risks. In her letter , Linda Lacewell, the DFS superintendent, said she expected regulated depositories under DFS supervision to: 1.

Lending 78

Lending Regulation Community National 78

PYMNTS

AUGUST 20, 2018

Three months in, the European Union’s General Data Protection Regulation still stymies some firms seeking to comply with new rules and regulations governing data protection and privacy. The waiting comes as the long-running debate over state vs. federal oversight over FinTechs and charters may play out through new chapters.

Fintech 101

Fintech Survey Regulation Resources 101

PYMNTS

APRIL 27, 2020

As Bank of America CEO Brian Moynihan said on “Face the Nation” this past week, “It’s clear that between Congress, the administration and the American people, we need to get all these funded and not make this a foot race. Firms were served on a first-come, first-served basis. Just get the work done.”. They view it as free money.”.

Columbus 149

Columbus Ohio Capital New York 149

Jeff For Banks

MAY 20, 2017

And regulators are getting anxious. and New York Community Bancorp called off their planned merger. Reading between the lines, this bank is likely over the CRE guidance levels, and were probably getting grief from their regulators about it. The recovery from the Great Recession is eight years running.

Lending 60

Lending Regulation Community Community Bank 60

PYMNTS

APRIL 22, 2020

The New York City Police Department recently stopped using its fingerprint identification security procedure for employees entering buildings, for example, contributing to a spike in demand for contactless identification alternatives. The greatest concern is whether the U.S.

Innovation 209

Innovation New York City System Tools 209

PYMNTS

JANUARY 31, 2018

Reports at the time said the venture was a potentially innovative, effective strategy in this field, but reports from The New York Times this week cast doubts over the company’s plans. Blockchain isn’t un-hackable, and regulators have recently warned about the potential of fraudulent initial coin offerings (ICOs).

blockchain 124

blockchain Bitcoin cryptocurrency New York 124

PYMNTS

MARCH 17, 2017

Lack of oversight, regulation and the potential for fraud in the broader bitcoin space. Additionally, those markets must be regulated. We agree with the SEC that regulation and oversight are important to the health of any marketplace and the safety of all investors.”. Still, some aren’t satisfied with that.

Bitcoin 123

Bitcoin Regulation cryptocurrency blockchain 123

Lex Sokolin

JANUARY 14, 2021

If you are a financial advisor or a trust company, you have missed out on $1 trillion in capital appreciation for your customers. And that the capital appreciation that matters?—?cementing American financial regulation is an alphabet soup, and has grown out of politics and crises. Here it is. Don’t get us wrong.

America 52

America Wyoming National Capital 52

Lex Sokolin

JANUARY 14, 2021

If you are a financial advisor or a trust company, you have missed out on $1 trillion in capital appreciation for your customers. And that the capital appreciation that matters?—?cementing American financial regulation is an alphabet soup, and has grown out of politics and crises. Here it is. Don’t get us wrong.

America 52

America Wyoming National Capital 52

CFPB Monitor

JULY 21, 2022

On July 13, 2022, the House of Representatives (the “House”) adopted an amendment to the 2023 National Defense Authorization Act (“NDAA”) offered by Maxine Waters (D. As we will discuss, it applies the BSA to persons providing corporate formation, trust, third-party payment, or similar legal or accounting services.

United States 78

United States Taxes Regulation Compliance 78

PYMNTS

MAY 13, 2016

But the term “bitcoin” is always what made this story light up the mainstream news headlines. Because he believes there should be proper protection and regulation over them. How Bill Clinton’s administration dealt with the Internet in order to ensure it was not over-regulated. So, why digital currencies?

Bitcoin 100

Bitcoin blockchain Regulation Operations 100

PYMNTS

AUGUST 7, 2019

According to the report , the deal comes as Carro raised some $30 million in fresh capital. Waste is becoming ever more of a vice, especially among younger consumers, and now regulators. And that seems likely to create new opportunities for certain types of online merchants. News from France in June supports those points.

Online 112

Online Retail Trends New York 112

PYMNTS

SEPTEMBER 22, 2017

Startup formation is fizzling, according to New York Times reports – and dragging down the rest of the economic landscape with them. That is related to, but slightly different from, the regulatory hurdles that new businesses face. The proof, according to economists, is in the numbers. Want to accept credit cards?

US 108

US Apple Innovation Regulation 108

Gonzobanker

DECEMBER 17, 2021

Some interesting finalists would be: M&T and People’s United Old National and First Midwest Webster and Sterling Columbia Bank and Umpqua. CAP COM and SEFCU in New York come to together to create an $8 billion cooperative organization. Congrats on a brave move and national recognition Jim! Bank Merger of the Year.

Fintech 147

Fintech Strategy Leadership Lending 147

PYMNTS

FEBRUARY 16, 2018

As a result, our eCommerce business is now approximately $1 billion in annualized retail sales, and we are well-positioned to capitalize on what is sure to be a dynamic future in this space,” Nooyi told investors. Household debt: It continues to rise, according to the Federal Reserve Bank of New York, to the tune of $13 trillion.

Retail 124

Retail Branding Mobile Strategy 124

CFPB Monitor

MARCH 8, 2017

Earlier this week, we attended the LendIt USA conference in New York City, a leading annual fintech conference, at which CFPB Director Richard Cordray and Comptroller of the Currency Thomas Curry both spoke. Comptroller Curry said that the OCC definitely has authority to grant special purpose charters without new legislation.

Conference 74

Conference Policies New York City Data 74

Independent Banker

DECEMBER 31, 2021

Regulators haven’t yet broached the subject with them. will continue its mission to fund microloans to new small businesses in New York City’s low-income neighborhoods, says president and CEO Carlos P. finds talk of raising capital thresholds concerning. Addressing ESG is one thing,” she says. Ponce Bank, a $1.5

Community Bank 144

Community Bank Community Lending Louisiana 144

Gonzobanker

AUGUST 22, 2014

While we may see an uptick in the number of new bank charters from the near zero we have today, too many other industries with less regulation will attract capital. Useful filters could include qualities like geography, asset size, branch network, balance sheet mix, capital levels and niche businesses.

Strategy 87

Strategy United States Community New York City 87

CB Insights

DECEMBER 4, 2019

Today, 22 Amazon Go stores are live in Seattle, New York, San Francisco, and Chicago. An RBC Capital Markets report put the average annual sales of an Amazon Go location at about $1.5M. The 2017 FDIC National Survey of Unbanked and Underbanked Households shows: Approximately 6.5% US households, composed of 14.1M

Cards 101

Cards Lending Strategy US 101

PYMNTS

NOVEMBER 18, 2020

New York-headquartered Tel Aviv telemed startup K Health announced that it has partnered with Mayo Clinic and separately closed a $42 million Series D funding round led by Valor Equity Partners, according to a VentureBeat report on Wednesday (Nov. The new investment raises K Health’s total funding to $139.3

New York 233

New York Software System Industry 233

PYMNTS

FEBRUARY 10, 2020

The impression may be that the tax amounts to a “papercut,” but it “could impact working capital of small businesses.”. The settlement was disclosed in the company’s latest quarterly earnings results, reported by The New York Times. Amazon India and Flipkart stated that they are both studying the proposed tax.

Taxes 175

Taxes Illinois Study Operations 175

Fintech Labs Insights

NOVEMBER 16, 2016

Leveraging the power of technology to make raising capital in the bond market easier and more efficient for large companies is the goal of Overbond , the Toronto-based startup launched in 2015. He said: We talk with insiders investors tell us they are getting inundated with hundred plus phone calls a week regarding new bond issues.

Technology 12

Technology Capital Analytics Big Data 12

Gonzobanker

DECEMBER 20, 2019

The company’s market capitalization, which after declining to less than $600 million in the 2009 recession, has now grown to almost $3 billion. Yet the Gonzo team has to give a shout out to the late entry of Texas Capital and Independent Bank. The Tech Award – Goes to Capital One. Best of luck in the next chapter, Chris!

Idaho 148

Idaho Conference Data Marketing 148

CFPB Monitor

OCTOBER 25, 2019

The panel members are: Claire Kramer-Mills, Assistant Vice President and Director of Community Development Analysis, Federal Reserve Bank of New York. Noah Breslow, Chairman and CEO, On Deck Capital. The panel will be moderated by Elena Babinecz, Managing Counsel in the Bureau’s Office of Regulations.

Tampa 60

Tampa Lending California Community 60

CFPB Monitor

FEBRUARY 6, 2015

Mishkin Not surprisingly, letters sent to the CFPB this week by New York Financial Services Superintendent Benjamin Lawsky and by 12 House Republicans urge the CFPB to take very different approaches as it considers payday and short-term loan rulemaking. Conduct a qualitative and quantitative cost-benefit analysis.

Regulation 60

Regulation Lending Analysis New York 60

CB Insights

MARCH 6, 2019

Venture capitalists initially balked at investing in the company because Holmes refused to demonstrate her technology, according to the New York Times. Select investors : Amazon, Hummer Winblad Venture Partners, Bowman Capital Management LLC. Signs of Theranos’ eventual demise were present throughout the company’s ascent.

Report 78

Report San Francisco Capital New York 78

CB Insights

JUNE 14, 2018

In 1964, American writer Isaac Asimov famously attended the World’s Fair in New York and wrote about what the world would look like 50 years in the future. . Housing supply is dire nationally, with the US reportedly staring down a housing shortage of 7.3M Cities’ housing shortage. Home prices rose 6.2%

Seattle 56

Seattle Capital Industry New York 56

PYMNTS

MARCH 30, 2017

Samsung managed to take up most of the oxygen in the mobile room this week — and the big show included the world’s introduction to the new Galaxy phone, Bixby, VR, Samsung Pass, and Samsung Pay’s and Visa Checkout’s partnership to bring Samsung Pay to the online world. He said launching in the U.K. Oh, and Ant Financial isn’t going anywhere.

Samsung 100

Samsung Apple ATM Mobile 100

PYMNTS

FEBRUARY 13, 2017

The percentage of sales lost by those physical store franchises can be seen not only in the pretty charts and graphs that we produce and share on a regular basis but the ongoing drumbeat of the national and regional store closings for those brands that can no longer keep up. And if you’re in the City — New York, that is — stop by.

Retail 134

Retail Innovation Maine Community 134

CB Insights

FEBRUARY 28, 2019

Brown, instead of managers getting stock options or guaranteed bonuses, every manager got paid $7,800 a year (the equivalent of about $14,500 today), plus “a designated percentage of the profits of the company after these are reduced by a charge for capital employed.”. The result of this type of plan was to make each manager at H.

Omaha 78

Omaha Company Capital Management 78