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. As repeated by federal bank regulators, the required economic scenarios are not forecasts.

Capital 294

Capital Regulation Exercises United States 294

Bank Innovation

SEPTEMBER 10, 2019

Bento for Business‘ pitch to business owners, however, is more than just about expense tracking, according to Farhan Ahmad, the Chicago-based company’s CEO. […].

Chicago 276

Chicago Payments Tools Management 276

Abrigo

JUNE 27, 2023

Regulations such as Geographic Targeting Order updates help identify AML risks by requiring identification for certain real estate purchases. The limited regulation around the real estate industry has made it especially easy for these bad actors to cycle their dirty money into the financial system using this avenue.

El Paso 195

El Paso Miami United States New York City 195

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

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 83

Chicago Policies Compliance Regulation 83

PYMNTS

DECEMBER 9, 2020

In one market — Chicago — that has seen caps put in place, DoorDash has added a $1.50 “Chicago fee,” as reported by the Chicago Sun Times. And then there’s a bit of a work-around, a bit of making up for lost revenue streams — at least for DoorDash. And herein lies a conundrum for the platform companies.

District of Columbia 228

District of Columbia Chicago DC Washington 228

PYMNTS

OCTOBER 23, 2019

The appointment and resignation follow Daley’s failed nonpartisan political bid in February to become the next mayor of Chicago in Illinois. Daley’s father and brother are both former Chicago mayors. He joined JPMorgan in 2004 around the same time as Scharf, just before the bank merged with Chicago’s Bank One Corp.

Chicago 100

Chicago Illinois United States New York 100

PYMNTS

APRIL 3, 2019

According to a report in The New York Times citing sources who requested anonymity, the likes of Goldman Sachs, the New York Stock Exchange and the Chicago Board of Options Exchange are either seeing little demand for their efforts or are facing regulatory hiccups that are delaying plans. Take Goldman Sachs for starters.

Bitcoin 100

Bitcoin New York Chicago cryptocurrency 100

American Banker

OCTOBER 3, 2016

Fallout from the Wells Fargo phony accounts scandal has reached Midwest bond borrowers, with Illinois announcing bans on bond and investment work and the Chicago City Council set to consider a moratorium on any bond-related business.

Chicago 44

Chicago Illinois Regional National 44

PYMNTS

OCTOBER 11, 2020

from Tuskegee University, an MBA from the University of Chicago and an M.S. Santander’s hires come as federal regulators are strongly encouraging banks to increase small loans to consumers. The regulators have let banks know they specifically would like to see more lending in communities hit especially hard by the pandemic.

Lending 160

Lending New York Virginia Boston 160

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., Chicago’s LQD Business Finance announced a Series A funding round on Thursday (July 21). It recently rolled out a mobile-friendly version of its invoice financing offering.

Lending 100

Lending Regulation Big Data Risk Management 100

PYMNTS

JANUARY 21, 2020

“The Greater China team is engaged in services of a broad range of competition and regulation issues, including merger analysis, antitrust and intellectual property, abuse of dominance /monopolization and cartels and collusion, financial regulation, public utilities regulation and more,” according to the announcement.

Analysis 130

Analysis Boston Chicago New York 130

Perficient

AUGUST 14, 2020

Evolving Regulations – Each state has their own guidelines for managing this health crisis. As an example of a COVID command center in action, take a look at the University of Chicago Medicine , who is using the analytical platform Tableau. + + + + +. It’s a dynamic event that constantly changes with new associations.

System 519

System Analytics Strategy Guidelines 519

PYMNTS

OCTOBER 4, 2020

While the transactions were approved by regulators, some Capitol Hill lawmakers have raised antitrust concerns and urged the Federal Trade Commission (FTC) to break up the company and its subsidiaries.

social media 291

social media Austin Chicago User Experience 291

Abrigo

NOVEMBER 12, 2020

The newest order include s : Boston Chicago Dallas-Fort Worth Honolulu Las Vegas Los Angeles Miami New York City San Antonio San Diego San Francisco Seattle . BSA Rules and Regulation. BSA Rules and Regulation. What does this GTO mean for your institution? Customer Due Diligence. Learn More.

New York City 195

New York City Las Vegas San Antonio San Diego 195

PYMNTS

FEBRUARY 17, 2017

Barack Obama’s former campaign manager turned Uber exec David Plouffe has been hit with a $90K fine for reportedly illegally lobbying Chicago’s mayor Rahm Emanuel on behalf of Uber. The fine came down care of the city’s Board of Ethics after a series of emails written in 2015 were discovered as part of an unrelated case.

Chicago 100

Chicago Policies Regulation Management 100

PYMNTS

JULY 15, 2020

Trading on Nasdaq under the stock symbol GOCO, the Chicago-based online health coverage company saw its stock price, which debuted at $21 a share on Wednesday, gain more 20 percent by midday before falling back to the 10 percent range by early afternoon. million, the company told federal regulators. Revenue in 2019 jumped 138.5%

Chicago 130

Chicago Online Regulation Marketing 130

CFPB Monitor

JULY 20, 2020

The complaint in general asserts that during the period of January 1, 2014 through December 31, 2017 (the “relevant period”), Townestone, which principally lent in the Chicago Metropolitan Statistical Area (MSA) during the relevant period, redlined majority and high-majority African-American neighborhoods in the Chicago MSA.

Chicago 147

Chicago Regulation Community Marketing 147

PYMNTS

MARCH 18, 2019

The term “money laundering” is believed to have originated as a result of infamous Chicago gangster Al Capone’s habit of channeling criminally obtained funds through laundromats, as their cash-heavy nature made it more difficult for the right side of the law to detect such money mixed in among legitimate payments.

Compliance 181

Compliance Regulation Chicago Tools 181

American Banker

MAY 5, 2016

One of the last surviving black-owned banks in Chicago was rescued from its loan-related woes by a Ghanaian-American family.

Chicago 28

Chicago Community Bank Capital Community 28

Abrigo

JUNE 11, 2021

Takeaway 1 Regulators stress sound risk management practices that include the ability to identify and measure interest rate risk (IRR). Regulators have repeatedly stressed the importance of sound risk management practices that include the ability to identify and measure interest rate risk. EVE Analysis.

How To 195

How To Risk Management Analysis Kansas City 195

PYMNTS

OCTOBER 15, 2020

Regulated betting is quickly becoming a fixture of modern sports entertainment, and this collaboration with Turner Sports further scales the reach of our products and content to engage fans,” said Ezra Kucharz , DraftKings’ chief business officer, in the release.

Report 141

Report Boston Chicago New York 141

PYMNTS

JANUARY 25, 2019

The Chicago Tribune reported that the youth bought a season pass to Six Flags Great America and had his fingerprint data collected in 2004. The biometrics issue has garnered a lot of controversy in the tech industry, and recently, Microsoft Chief Executive Satya Nadella said he supports regulation of the technology.

Illinois 116

Illinois Google Chicago Regulation 116

CFPB Monitor

JANUARY 23, 2017

The 22nd Annual Consumer Financial Services Institute, sponsored by the Practising Law Institute, will take place on March 27-28, 2017 in New York City (and by live webcast and groupcast in Atlanta; Philadelphia, Pittsburgh, and Mechanicsburg PA) and on May 4-5, 2017 in Chicago. Kristen Donoghue, Principal Deputy for Enforcement (Chicago).

New York City 60

New York City Chicago New York Philadelphia 60

American Banker

NOVEMBER 18, 2021

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Chicago 78

Chicago Community Bank Community Compliance 78

American Banker

AUGUST 29, 2020

The Justice Department alleges that the bankers worked with “higher-ranking bank officials” at Washington Federal Bank for Savings in Chicago to falsify records and hide funds prior to the bank's December 2017 collapse.

Chicago 94

Chicago Washington FDIC Community Bank 94

PYMNTS

APRIL 30, 2020

Asia-Pacific bank regulators have been crafting their own open banking initiatives even since Europe rolled out similar rules in 2018. meal kits, and hot Chicago restaurant Fat Rice is permanently changing to a specialty market for meal kits and other goods. Feeding Consumers’ Growing Appetite For Digitally Enabled Dining.

Arizona 141

Arizona Meeting Payments Chicago 141

Abrigo

DECEMBER 4, 2015

Sageworks consultants have hosted and spoken at roughly two dozen regional and national events and industry conferences attended by hundreds of banking and credit union executives, regulators and industry professionals. See upcoming regional and national events hosted or attended by Sageworks here.

North Carolina 150

North Carolina Ohio DC Regional 150

PYMNTS

NOVEMBER 16, 2018

While the previous purchase amount threshold varied by city, it’s now set at $300,000 for each metropolitan area, covering certain counties within the following major locations: Boston, Chicago, Dallas-Fort Worth, Honolulu, Las Vegas, Los Angeles, Miami, New York City, San Antonio, San Diego, San Francisco and Seattle.

Las Vegas 134

Las Vegas San Antonio Report San Diego 134

PYMNTS

SEPTEMBER 28, 2020

Regulations. SocialMediaToday reported that in early September, an EU “privacy regulator … sent Facebook a preliminary order to suspend data transfers to the U.S. Facebook Threatens EU Withdrawal Over Data Sovereignty. about its EU users.” The dustup reportedly deals with EU concerns over surveillance uses. “If

Taxes 162

Taxes Compliance Illinois Las Vegas 162

American Banker

AUGUST 10, 2022

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Chicago 41

Chicago Compliance Regulation 41

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

JULY 6, 2020

A new Amazon Go grocery store will soon open in Bellevue, Washington, and the tech giant has further plans to expand its cashierless Amazon Go grocery stores in Seattle, California, Chicago and Washington, D.C. Audit: Wirecard Payments, Issuing Businesses Have Been Bleeding Cash for Years.

US 130

US Washington Payments Seattle 130

PYMNTS

JUNE 7, 2018

According to Target, as of this week, Chicago will be the first U.S. Asian Banks Want Regulators to Allow More FinTech Solutions. Amazon’s Alexa has a new job, Asian banks make a FinTech announcement and mirrors are getting a lot smarter. Target Raises Delivery Game to Fend off Amazon/Walmart.

Chicago 101

Chicago Video Fintech Examples 101

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

PYMNTS

MARCH 25, 2019

Beyond the CFPB, and at the state level in Illinois, a state Senate committee last week voted to approve legislation that would keep state banking regulators from punishing financial institutions, including banks and credit unions, for doing business with medical marijuana enterprises.

Lending 128

Lending Illinois Compliance Chicago 128

Abrigo

FEBRUARY 12, 2020

Despite expectations for growth, bankers, regulators, investors, and others are watchful about potentially lower returns and credit risks ahead. That’s just the beginning,” warned the Chicago Tribune less than a week earlier. Key Takeaways Commercial real estate lending will be a top focus for many financial institutions in 2020.

Lending 195

Lending Trends FDIC Survey 195