American Banker

DECEMBER 18, 2023

The Consumer Financial Protection Bureau is appealing a lower court ruling that found the agency exceeded its authority in bringing an anti-discrimination enforcement action against a Chicago mortgage lender after he made disparaging remarks about Blacks and Hispanics.

Chicago 81

Chicago Policies Compliance Regulation 81

American Banker

AUGUST 11, 2023

The three former Washington Federal Bank for Savings board members were accused of giving the OCC false information in an attempt to hide embezzlement. They could face up to five years in prison for attempting to deceive the OCC.

Chicago 36

Chicago Washington Community Bank Community 36

PYMNTS

MARCH 25, 2019

A federal judge late last week ordered a stay on the August 2019 compliance date tied to the “ payday lending rule ” mandated roughly two years ago by the Consumer Financial Protection Bureau (CFPB). Those firms, noted The Chicago Sun Times , would still be subject to federal laws (and possible prosecution under those laws).

Lending 128

Lending Illinois Compliance Chicago 128

PYMNTS

APRIL 7, 2016

.” “As an industry, there’s not one specific issue we’re particularly worried about — the space is already heavily regulated, with borrower protections on one side and securities rules on the other,” said Sam Hodges, cofounder and U.S. Specific regulation [for the marketplace lenders] could be a healthy thing.”.

Lending 100

Lending San Francisco FDIC Regulation 100

PYMNTS

JUNE 7, 2018

Now that principle applies to Europe’s General Data Protection Regulation (GDPR) – at least according to one report. The regulation requires companies to provide more transparency over how consumer data is used. Skillful criminals know how to use crowds — just ask anyone who has been pickpocketed in a subway station.

Los Angeles 107

Los Angeles Google Regulation Data 107

Abrigo

AUGUST 22, 2019

Ongoing training is at the very heart of a satisfactory Bank Secrecy Act/Anti-Money Laundering (BSA/AML) compliance program in financial institutions. 16 in Chicago, Illinois Oct. Networking is especially important for BSA officers to be able to stay informed. 5 in Richmond, Virginia Oct. 21 in Houston, Texas Nov.

Training 150

Training Las Vegas Alabama Minneapolis 150

PYMNTS

MARCH 25, 2019

The backlash goes beyond rooms, apartments and houses to include instruments of transportation, which is among the latest areas of the digital economy to come under the scrutiny of politicians and regulators. Compliance and regulatory issues remain top of mind, of course, but so does the overall experience of both buyers and sellers.

Los Angeles 135

Los Angeles Payments San Francisco Chicago 135

PYMNTS

MAY 19, 2016

The Chicago Tribune is reporting that Illinois is set to add facial recognition services to its driver’s license application process. Among the proposed methods, facial recognition has long been a pie-in-the-sky solution, but Illinois is the latest state to show that there’s a future in the tech.

Illinois 108

Illinois Chicago System Security 108

American Banker

NOVEMBER 18, 2021

(..)

Chicago 76

Chicago Community Bank Community Compliance 76

PYMNTS

MAY 10, 2019

s Cumberland crypto unit, Mike Novogratz’s Galaxy Digital Holdings and Ripple discussed the idea at a gathering Tuesday (May 7) in Chicago. A self-governance initiative like this is also something that regulators are keen to see.’’. Firms including DRW Holdings Inc.’s

Bitcoin 100

Bitcoin blockchain Community Chicago 100

American Banker

AUGUST 10, 2022

(..)

Chicago 40

Chicago Compliance Regulation 40

Abrigo

AUGUST 6, 2019

At the recent NYU Law Program on Corporate Compliance and Enforcement , FinCEN Director Kenneth A. Like other FinCEN advisories, they contain common typologies, red flags to look for, and guidance on complying with FinCEN regulations to address those threats and vulnerabilities. The 12 major U.S.

System 264

System Las Vegas San Antonio San Diego 264

Independent Banker

OCTOBER 1, 2022

But as the prevalence of security breaches grows, so do the opportunities for community banks to position themselves as guardians of their customers’ personal data through compliance, technology and relationship building. CCPA was modeled closely after the European Union’s General Data Protection Regulation (GDPR).

Data 91

Data How To Community Bank California 91

PYMNTS

APRIL 28, 2016

The new idea being floated involves classifying marketplace lenders, who operate online and also offer smaller loans with set payments, as installment lenders that are under the CFPB’s jurisdiction and regulations.

Lending 100

Lending Chicago Regulation Regional 100

American Banker

SEPTEMBER 15, 2021

(..)

Chicago 43

Chicago Data Compliance Lending 43

Independent Banker

SEPTEMBER 26, 2014

That is why we are calling on regulators to make the most of the latest mandatory review of federal banking rules. The agencies are required to study their regulations for dead weight every 10 years under the Economic Growth and Regulatory Paperwork Reduction Act of 1996. Starting fresh. Community Bankers Chosen as CFPB Advisors.

Washington 70

Washington Fort Worth Regulation Community Bank 70

PYMNTS

JULY 14, 2016

On Wednesday (July 13), the firm announced a Series A funding round led by Hoxton Ventures and Promus Ventures, based in London and Chicago, respectively. Behavox assesses information from emails, texts and voice calls to pinpoint possible threats from employees to ensure institutions remain compliant with frequently changing mandates.

Chicago 100

Chicago Analysis Analytics Data 100

CB Insights

JULY 16, 2017

Compliance and Safety: Companies providing technology to monitor drivers and vehicles in order to improve fuel efficiency and driver safety, as well as for complying with Federal Motor Carrier Safety Association regulations (electronic logging device requirements, tracking hours of service, records of duty status). KeepTruckin.

Company 28

Company Compliance Capital Groups 28

Gonzobanker

DECEMBER 17, 2021

Simultaneously the bank invested in Paladin Fraud, Trabian Technology, and Chartwell Compliance to provide compliance and risk management solutions in the complex and connected web of fintech partnerships. The regulator and media pressure on overdraft fees has been a constant challenge to overdraft revenue.

Fintech 147

Fintech Strategy Leadership Lending 147

PYMNTS

NOVEMBER 30, 2020

Chicago Alderman Proposes Tax on Deliveries. Deliveries by firms like Amazon would be taxed under a plan put forward by an alderman, the Chicago Tribune reported. tax on packages sent by ground to addresses in Chicago that weigh a maximum of 50 pounds and $2.50 Patrick Daley Thompson aims to levy a $1.25 for bulkier parcels.

Taxes 130

Taxes Chicago Compliance Apple 130

PYMNTS

MAY 15, 2017

It should be a call to action to the cybersecurity regulators that, when innovation — even intellectually and technologically sophisticated innovation — goes off the rails, it’s time to give a good hard look with an eye to reining it way, way in. Regulating bitcoin exchanges is starting to happen in other parts of the world.

Bitcoin 155

Bitcoin Regulation Innovation Fintech 155

Fintech Labs Insights

APRIL 4, 2016

HQ: Chicago, Illinois. Tags: Financial institutions, mortgage brokers, consumer lending, analytics, underwriting, compliance, regulations. Latest round: $10.03 Total raised: $22.46 HQ: Fort Washington, Pennsylvania. Source: Crunchbase. Consumer investing service. Latest round: $10 million Seed. Total raised: $10 million.

New York City 12

New York City Company Fintech California 12

CB Insights

FEBRUARY 13, 2020

These APIs handle everything from acceptance and processing to settlement and reconciliation, while ensuring compliance and security. This process also comes with hurdles like regulations, fees, compliance standards, and payment card issuers — all of which become increasingly complex for international transactions.

Online 98

Online Company Retail Payments 98

PYMNTS

AUGUST 13, 2018

In remarks to the 2018 Chicago-Kent Block (Legal) Tech Conference, Blanco stated that “we now receive over 1,500 SARs per month describing suspicious activity involving virtual currency, with reports coming from both MSBs in the virtual currency industry itself and other financial institutions.”. States’ Rights?

cryptocurrency 109

cryptocurrency Los Angeles Chicago Conference 109

Fintech Labs Insights

JUNE 16, 2015

There is a real compliance aspect to this solution, as well. “That’s a lot of interactions taking place outside the walls of the institution that could be running up against rules and regulations about various disclosures, privacy, etc,” Frankel said.

User Experience 12

User Experience Illinois Chicago Management 12

Gonzobanker

DECEMBER 19, 2016

Since Richman and about 100 other bankers from LaSalle Bank in Chicago joined PrivateBancorp nearly a decade ago, the bank has grown to an $18 billion solid niche player with $10 billion in assets under management. Maybe a regulator was out sick or on maternity leave, but this is one crawling bureaucratic nightmare.

Utah 60

Utah System Community Marketing 60

Gonzobanker

DECEMBER 19, 2016

Since Richman and about 100 other bankers from LaSalle Bank in Chicago joined PrivateBancorp nearly a decade ago, the bank has grown to an $18 billion solid niche player with $10 billion in assets under management. Maybe a regulator was out sick or on maternity leave, but this is one crawling bureaucratic nightmare.

Utah 60

Utah System Community Marketing 60

Independent Banker

FEBRUARY 16, 2015

Community banking priorities of reducing regulatory burden and institutionalizing tiered regulation, as well as addressing the risks and market distortions created by too-big-to-fail institutions are likely to rank high on Shelby’s and Brown’s legislative goals for the new Congress. He’s a free-market conservative,” Lynch says.

Community Bank 70

Community Bank Alabama Ohio Community 70