CFPB Monitor

SEPTEMBER 25, 2015

.” In delineating its assessment area under the Community Reinvestment Act (CRA), the bank excluded most of the majority-Black-and-Hispanic neighborhoods in the NY/NJ and Camden MSAs. The proposed consent order requires the bank to pay a $5.5 million civil money penalty to the CFPB.

NJ 60

NJ New Jersey New York Philadelphia 60

CFPB Monitor

JANUARY 12, 2021

The Taskforce identified the following three “overarching principles” as animating its drafting of the report: Consumer protection policy should be particularly attentive to the consequences for inclusion and access by previously underserved communities. Bureau reorganization. enforcement, rulemaking and supervision). Small dollar credit.

Report 78

Report Regulation Policies Compliance 78

FICO

DECEMBER 20, 2018

The annual exercise of staring into our crystal balls and making predictions for the coming year has begun. Indeed, we are already starting to see signs of distress among community and regional banks that lack the advertising budgets and sophisticated digital capabilities of the big national banks.

Trends 73

Trends Lending Fraud Exercises 73

FICO

JUNE 15, 2020

The Consumer Financial Protection Bureau (CFPB) just released the Elder Fraud Prevention and Response Networks Development Guide , an online resource to help communities form collaborative networks to better prevent and respond to elder financial abuse. The Guide offers useful planning tools, templates, and exercises. Any questions?

Fraud 52

Fraud Exercises Taxes Resources 52

Independent Banker

JANUARY 31, 2023

Illustration by Jozefmicic/Adobe The CFPB recently issued new guidance on overdraft fees that was unanticipated by community banks. Learn what this means for the industry and how community banks can stay in compliance. Sound compliance management requires consistent written disclosures, procedures and actual practices.

Community Bank 91

Community Bank Community Compliance Regulation 91

Independent Banker

JULY 31, 2022

Fallout from recent global events presents an obstacle to generating revenue for community banks. Since COVID-19, profitability planning for community banks has mainly hinged on how the government was coping with the pandemic and the key role financial institutions played in keeping the economy afloat. By Elizabeth Judd.

Strategy 135

Strategy Community Bank Louisville Community 135

CFPB Monitor

JUNE 2, 2022

In any event, if implemented in their proposed form, the CPRA regulations will require a substantial expansion of privacy compliance operations for many businesses subject to the law. The details, potential compliance problems, technical requirements, and unanswered questions are far too numerous to address in a single blog post.

Regulation 78

Regulation California Exercises Compliance 78

CFPB Monitor

NOVEMBER 22, 2022

Unlike the Joint Final Rule, the HUD final rule does not permit lenders to exercise discretion to accept private flood insurance policies that do not meet the definition and requirements for a private flood insurance policy, or to accept flood coverage issued by mutual aid societies, in connection with FHA-insured loans.

Policies 148

Policies Meeting Exercises Regulation 148

Money and Payments

AUGUST 14, 2023

The main idea, at present, is to use the information, experiences and court case findings of the Dutch crypto community to align the claimants with a direct interest. Intelligence and law enforcement community were however keen to introduce far reaching KYC and data transfer requirements. Where does this idea/requirement come from?

Regulation 36

Regulation Data Maine Operations 36

Money and Payments

AUGUST 8, 2023

The main idea, at present, is to use the information, experiences and court case findings of the Dutch crypto community to align the claimants with a direct interest. Intelligence and law enforcement community were however keen to introduce far reachting KYC and data transfer requirements. Where does this idea/requirement come from?

Regulation 36

Regulation Data Maine Operations 36

BankUnderground

AUGUST 9, 2022

Widespread adoption of crypto in the metaverse, or any other setting would require compliance with robust consumer protection and financial stability regulatory frameworks. In the future, people could shop, exercise and socialise within the metaverse. Which vision will dominate, when and at what size, is uncertain.

System 129

System blockchain cryptocurrency Lending 129

CFPB Monitor

JULY 30, 2020

On July 28, 2020, the CFPB issued a request for information (“RFI”) seeking public input on how best to create a regulatory environment that expands access to credit and ensures consumers and communities are protected from discrimination in all aspects of credit transactions. How to facilitate greater usage of special purpose credit programs.

Regulation 78

Regulation Lending Industry Innovation 78

Abrigo

JANUARY 31, 2023

Recap and forecast The current state of AML/CFT regulations Terminology change Financial crime professionals have long referred to Bank Secrecy Act (BSA) compliance in conjunction with anti-money laundering efforts as “BSA/AML.” However, the regulatory movement since then has been slow.

Fraud 195

Fraud Training Regulation Trends 195

CB Insights

SEPTEMBER 10, 2018

Similarly, nearly 10,000 people use the mPower app, which provides exercises like finger tapping and gait analysis to study patients with Parkinson’s disease who have consented to share their data with the broader research community. . Called DeepLesion, the dataset was formed using images marked by radiologists with clinical findings.

Industry 28

Industry Trends Apple Study 28

CB Insights

JUNE 17, 2020

As more people have worked, learned, banked, exercised, relaxed, and even sought medical care from home during Covid-19, they have gotten a crash course in just how much can be accomplished at home. In addition to concerns about digital mediums lacking certain face-to-face benefits, teletherapy also presents compliance issues.

Industry 101

Industry Technology Online Video 101