PYMNTS

NOVEMBER 13, 2020

Managing inventory, B2B payments and a plethora of food and beverage vendors can be a headache for any kind of restaurant, bar or retailer. But in the alcohol beverage arena, unique regulations — many of which date back to the era of prohibition — have added an extra layer of complexity to the supply chain.

Industry 219

Industry Payments Retail Regulation 219

Bank Innovation

MARCH 10, 2016

Is there a way to prevent regulators from derailing a bank’s fintech initiatives? In fact, the influential community banker has devised a distinct strategy for limiting the bank’s regulatory risk from fintech projects, Read More. Jill Castilla, president and CEO of Citizens Bank of Edmond, located in Edmond, Okla.,

Regulation 150

Regulation Fintech Community Strategy 150

CFPB Monitor

OCTOBER 25, 2022

Following up on a threat it made back in 2018 , the New York State Department of Financial Services (DFS) announced on October 6, 2022 that it entered into a consent order with Rhinebeck Bank (“Rhinebeck”) to settle discrimination claims involving discretionary dealer markups on retail installment contracts with minority borrowers.

New York 78

New York Lending Community Bank Community 78

Celent Banking

MARCH 6, 2015

Next week I will be moderating a panel discussion at American Banker´s Retail Banking Conference in Austin about the competitive pressures of community institutions. It’s an important topic that Celent discussed in a report published last year: And Then There Were None: The Disappearance of Community Banks.

Conference 100

Conference Retail Community Austin 100

CFPB Monitor

OCTOBER 20, 2021

A group of 96 organizations and individuals, who describe themselves as consisting of “consumer, labor, civil rights, legal services, faith, community and financial organizations and academics,” have sent a letter to the CFPB urging the Bureau to regulate fee-based earned wage access (EWA) products as credit subject to the Truth in Lending Act.

Regulation 78

Regulation Groups Analysis Lending 78

Abrigo

MAY 8, 2024

Takeaway 3 Regulators are closely watching expanded uses of AI and generative artificial intelligence. They can more easily consider how to harness genAI's power to enhance their operations, compliance, risk management, and member or customer experience. GenAI is seeing varied use cases in banking.

Examples 222

Examples Fraud Resources Risk Management 222

PYMNTS

JUNE 18, 2020

The London-based trade group for Europe’s ePayments community is waiting for the European Banking Authority , the European Union (EU) banking regulator, to provide the 27-nation bloc with an update on Strong Customer Authentication (SCA). The implementation delay gives regulators an opportunity to get it right, Rodgers said.

Groups 131

Groups Regulation Fraud Security 131

Abrigo

MAY 24, 2023

Bipartisan support The SAFE Banking Act's long road to the Senate Many in the AML/CFT community have been watching the unfolding of the Secure and Fair Enforcement (SAFE) Banking Act for some time now with no significant progress. Similarly, it needlessly jeopardizes the safety of retail staffers, who are susceptible to robbery.

Lending 195

Lending Fraud Operations Ohio 195

CFPB Monitor

DECEMBER 19, 2019

The OCC and FDIC have issued a joint proposal to revise their regulations implementing the Community Reinvestment Act (CRA). Although the Federal Reserve, OCC and FDIC, are the primary CRA regulators, the Fed did not join the proposal and presumably will issue a separate proposal.

FDIC 78

FDIC Regulation Community Retail 78

PYMNTS

DECEMBER 28, 2018

It has been a busy year for the world of bank regulations, particularly Know Your Customer (KYC). Financial services regulations are notorious for their complexity and ever-changing demands for financial institutions and corporates, but another fuel for development in the KYC space was the FinTech community. ” .

Compliance 186

Compliance Regulation blockchain Taxes 186

PYMNTS

APRIL 26, 2018

is only weeks away from bringing its Global Data Protection Regulation (GDPR) rules into effect, and corporates are ill-prepared for the data security requirements, according to new research. Despite this struggle, 68 percent agreed that noncompliance with this aspect of the regulations would pose the greatest risk to their firms.

Data 148

Data Compliance Survey Regulation 148

Abrigo

APRIL 19, 2016

In a recent whitepaper (download), the regulator outlined the general approach it will take as it evaluates innovative products, services and processes that OCC-regulated banks may offer or perform. The product complies with laws and regulations, particularly those aimed at protecting consumers. Support responsible innovation.

Innovation 150

Innovation Fintech Risk Management Community Bank 150

PYMNTS

DECEMBER 30, 2019

The new jumble of state-level and municipal taxation has further obscured already confusing Internet sales tax compliance. A plan backed by the Illinois Retail Merchants Association places the burden on sales tax collection on the marketplaces, which will then settle up with the state Department of Revenue. Implementation.

Taxes 130

Taxes Alaska South Dakota South Carolina 130

Social Assurance

JULY 17, 2020

Deadlines for complying with the new OCC CRA regulations are coming. Now is the time to prepare your financial brand for the new regulations if you fall under OCC regulation. Community Spark provides your financial brand the tools to engage, track and share your community impact. March 2020. January 2023.

Compliance 15

Compliance Community Regulation Branding 15

CFPB Monitor

JUNE 25, 2020

On May 20, 2020, the OCC issued a final rule to “strengthen and modernize” its existing Community Reinvestment Act (“CRA”) regulations. The final rule is effective October 1, 2020 but sets mandatory compliance dates based on the applicable performance standards.

Community 97

Community Lending Meeting Retail 97

FICO

FEBRUARY 12, 2018

For all the talk in the UK about disruptors and fintechs and new entrants to the credit market, and about how banks and card issuers need to manage customers in arrears, there’s one group that seems strangely absent from this focus: retailers. It is estimated over £200 billion of UK household debt is in unsecured retail credit.

Retail 63

Retail Management Analytics Compliance 63

PYMNTS

OCTOBER 17, 2018

A few weeks before the CCC issued its final licenses, GFA Federal Credit Union of Gardner, Massachusetts, announced it would be willing to work with legalized marijuana businesses, extending financial services to the industry and providing marijuana retailers with the same financial benefits used by traditional businesses.

Colorado 126

Colorado Massachusetts US Industry 126

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

MAY 22, 2020

The OCC has issued a final rule revising its regulation implementing the Community Reinvestment Act (CRA). The final rule is effective October 1, 2020 but sets mandatory compliance dates based on the applicable performance standards. The final rule applies to national banks and federal savings associations.

FDIC 78

FDIC Lending Retail Compliance 78

CFPB Monitor

JANUARY 28, 2021

The fate of the OCC’s Community Reinvestment Act (“CRA”) final rule , issued on May 20, 2020, hangs in the balance following the inauguration of President Biden on January 20 and the resignation of former Acting Comptroller Brian Brooks, who was a major proponent of the rule, on January 14.

Community 131

Community FDIC Lending Survey 131

Independent Banker

FEBRUARY 24, 2016

“I know that unnecessary regulation saps the strength of community banks.” Federal banking regulators are always alert to emerging safety and soundness issues. Having said that, I believe very strongly that community banks have a bright future, and they don’t need to ease or lower their standards to build market share.

Community Bank 70

Community Bank Community Regulation Compliance 70

CFPB Monitor

AUGUST 19, 2022

New developments are often opposed by small groups prioritizing their own self-interest over the interests of the community at large. It took 44 years for the law to catch up to modern technology, but the CFPB finally did it in 2021 with Regulation F’s guidelines for FDCPA-compliant electronic communications like email and text messages.

DC 78

DC Regulation social media Maryland 78

PYMNTS

MAY 8, 2020

“In preparing to play … we will continue to make our decisions based on the latest medical and public health advice, in compliance with government regulations, and with appropriate safety protocols to protect the health of our fans, players, club and league personnel, and our communities,” NFL Commissioner Roger Goodell said in a statement.

Kansas City 130

Kansas City Houston Kansas Guidelines 130

CFPB Monitor

JUNE 15, 2020

On May 20, 2020, the OCC issued a final rule to “strengthen and modernize” its existing Community Reinvestment Act (“CRA”) regulations. of Community Development Fund Advisors. ET, Ballard Spahr will hold a webinar, “The OCC Issues Final CRA Rule – What Changed and What’s Next?” Thomas, Ph.D.,

Community 60

Community FDIC Lending Examples 60

ABA Community Banking

JULY 30, 2015

Everyone in the credit reporting chain’s on the hook now—including banks Retail Banking Compliance CFPB.

Regulation 40

Regulation Compliance Retail Report 40

PYMNTS

SEPTEMBER 13, 2017

We all know the lure of China’s consumers for retailers and merchants of all stripes and sizes operating across the globe. Additionally, cross-border payments mean that firms have to work with banks, regulators, compliance and even cultural nuances that can all add up to friction that hinders smooth eCommerce.

San Francisco 101

San Francisco Compliance Regulation Branding 101

Insights on Business

MAY 1, 2018

This summit is “the ideal meeting point for the Payments community to come together to understand the future-state of Payments,” and IBM is thrilled to be involved. Compliance. Regulation. Retail Payments. Enter, the Payments Canada Summit. Transformational change in Payments ecosystem. Topics include: AI. Biometrics.

System 126

System Payments blockchain Fraud 126

Gonzobanker

DECEMBER 19, 2022

As if that wasn’t enough, regulators took a sledgehammer to debit fee income with Reg II changes that will begin reducing card-not-present interchange fees starting in July 2023. SoFI gets a commercial bank that brings deposits, compliance, AND business lending. As expected, these rate hikes stopped the mortgage industry in its tracks.

Community 216

Community Fintech Industry Innovation 216

Independent Banker

FEBRUARY 16, 2015

Two steps to help manage for Bank Secrecy Act compliance. How can a bank get this area of compliance right? Here are two “executive playbook” steps to consider while preparing your community bank’s BSA/anti-money laundering risk assessment program. Compliance Corner General Highlighting Regulation & Compliance'

Analysis 70

Analysis Compliance Community Exercises 70

PYMNTS

FEBRUARY 15, 2019

Compliance startup Chainalysis works with law enforcement officials and financial institutions (FIs) to ensure that their cryptocurrency operations are within regulations. What started out as a B2C fashion eRetail company has now morphed into a firm targeting companies in the retail supply chain with back-office solutions.

Capital 122

Capital cryptocurrency Operations Financial Technology 122

Independent Banker

JANUARY 28, 2016

As in past years, community bankers will have a dynamic regulatory environment to contend with in 2016. Safety and soundness concerns will remain a prominent driver of that supervisory dynamic for community banks. IB: What safety and soundness issues are the regulators watching out for this year? IB: What are their concerns?

Community Bank 70

Community Bank Community Regulation Lending 70

Independent Banker

AUGUST 26, 2015

Today, many community banks are exploring how to “go paperless”—whether for cost reasons, a better customer experience or a deliberate outreach to a younger, technology-oriented demographic. In many ways, retail signature is identical to pen-on-paper, and today it’s a widely accepted technology with clear standards and conventions around it.

Community Bank 70

Community Bank Minneapolis Community Online 70

CB Insights

FEBRUARY 13, 2020

These APIs handle everything from acceptance and processing to settlement and reconciliation, while ensuring compliance and security. Stripe’s early success in acquiring customers was largely due to its mass appeal to the developer community. We wanted it to be extremely simple to integrate. Get the full report.

Online 98

Online Company Retail Payments 98

American Banker

DECEMBER 22, 2016

At a time when individual accountability at corporations is mounting, here is how compliance officers can detect and prevent fraud occurrences within their own firms.

Compliance 28

Compliance Fraud Branch Strategies Community Bank 28

PYMNTS

SEPTEMBER 11, 2019

According to the new Simplifying Cross-Border Payments Playbook , there are five key criteria that an ideal cross-border payment solution should meet: speed, security, compliance, transparency and ubiquity. The banking industry must come together for the benefit of the digital economy to standardize retail and wholesale banking APIs.”.

Payments 190

Payments Regional Operations Guidelines 190

CFPB Monitor

SEPTEMBER 25, 2015

It also alleged that during the relevant time period, the bank did not accept first lien mortgage loan applications at all of its branches and referred applicants to one of seven retail loan officers working at branches outside of and not in proximity to majority-Black-and-Hispanic areas. million civil money penalty to the CFPB.

NJ 60

NJ New Jersey New York Philadelphia 60

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. Goes to Eric Sprink, Coastal Community Bank , Everett, Wash. Like how does that play into our communities?

Fintech 142

Fintech Strategy Leadership Lending 142