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

Abrigo

SEPTEMBER 25, 2023

LISTEN NOW Bipartisan support The 2023 SAFE Banking Act: An unclear outlook Takeaway 1 The Senate recently introduced the newest version of marijuana legislation, the Secure and Fair Enforcement Regulation (SAFER) Banking Act. While 38 states , along with Washington D.C., Guam, Puerto Rico, the Northern Mariana Islands, and the U.S.

Puerto Rico 195

Puerto Rico Virgin Islands Guam United States 195

PYMNTS

APRIL 16, 2018

HP is reportedly stepping into the cannabis industry with a new partnership to provide businesses with financial management software, according to The Washington Post. The tools will offer point-of-sale (POS) hardware and software, as well as other business management tools. The publication cited data from Cowen & Co.

Software 102

Software Marketing Washington Compliance 102

Gonzobanker

APRIL 28, 2016

The amount of regulation in the financial industry is staggering and has understandably been top of mind for most CEOs. My colleagues (shout out to Vincent Hui and Kaleb Seymour ) and I conducted a study for the credit union industry to determine the impact of regulation. The best banks aren’t just compliant with new regulations.

Regulation 60

Regulation Management Community Bank System 60

Bank Innovation

FEBRUARY 26, 2020

The parameters around how consumer financial information should be shared with third-party apps and platforms was the subject of debate at an industry forum organized by the Consumer Financial Protection Bureau in Washington, D.C., on Wednesday.

Data 300

Data Washington Industry Customer Experience 300

FICO

MARCH 31, 2016

During this period of Congressional gridlock, much of the activity in Washington DC impacting the financial services industry remains focused on the development and implementation of new regulations. Here’s a very brief overview of what we’ll cover: Stress testing is a key area of emphasis for regulators around the globe.

Compliance 40

Compliance DC Washington Regulation 40

PYMNTS

DECEMBER 30, 2019

To date 43 states and Washington, D.C. The new jumble of state-level and municipal taxation has further obscured already confusing Internet sales tax compliance. There is too much risk to not use a dynamic tool to better manage all this complexity.”. Implementation. With the debate now all but over, the real work has begun.

Taxes 130

Taxes Alaska South Dakota South Carolina 130

Abrigo

SEPTEMBER 20, 2021

The data is intended to help the CFPB enforce fair lending laws and could also be used by the government and small business lenders to identify the needs of businesses, said Michelle Lucci, Abrigo Regulatory Compliance Manager. Stay up to date on small business lending regulation and other lending trends. Collection Efforts.

Lending 195

Lending Data Compliance Regulation 195

Independent Banker

OCTOBER 1, 2022

Our compliance program, based on elevated risk, is very robust. However, the ambiguous legal landscape complicates compliance; 47 states, the District of Columbia and four U.S. Our compliance program, based on elevated risk, is very robust,” she notes. “We Digital path to compliance. Chris Hartman, Cogent Bank.

Marketing 113

Marketing Compliance Community Community Bank 113

PYMNTS

DECEMBER 27, 2019

The company is based in San Francisco and operates in the Bay Area, Los Angeles, New York City, Seattle and Washington, D.C. The round was led by TI Platform Management with participation from Airbnb, Spike Ventures, Comcast, CEAS Investments, NFX and Initialized Capital. Compliance is of absolute importance to us,” Taggar said.

Los Angeles 139

Los Angeles San Francisco New York City Trends 139

PYMNTS

MAY 16, 2018

Beyond the competitive edge, CFOs must contend with compliance and risk mitigation. “In In very plain language, it’s the CFO’s role with compliance to keep everyone out of jail and avoid financial restatements,” she said, a bit tongue-in-cheek. This is especially true with managing AP and AR functions, Wilczek added. The result?

Compliance 117

Compliance Data Innovation Analysis 117

Abrigo

JULY 12, 2021

One important step toward further global compliance for the U.S. The message sent by FATF has been well received in Washington, and the hard work mandated by the AML Act of 2020 and FATF recommendations has begun. BSA Rules and Regulation. Hidden Costs of Managing Multiple Vendors. While the U.S. Learn more. BSA Training.

Training 195

Training Policies United States Report 195

Independent Banker

SEPTEMBER 21, 2015

Tips on how to keep up with never-ending Bank Secrecy Act compliance. Compliance experts say that by planning ahead, reviewing current compliance status and risks, using technology when needed, and staying up-to-date with training, community banks can indeed weather the storm of regulatory exams and come out fine on the other end.

Training 70

Training Compliance Community Bank Community 70

PYMNTS

OCTOBER 17, 2018

Massachusetts joins a handful of states, including Colorado, Washington and Maine, that have taken steps to legalize recreational marijuana. GFA, however, will offer basic financial tools to these businesses, including access to online banking, checking accounts, debit cards, cash management and payroll services.

Colorado 126

Colorado Massachusetts US Industry 126

CFPB Monitor

JULY 21, 2022

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

Gonzobanker

SEPTEMBER 5, 2017

Under the DFA, banks that cross over $10 billion in assets face costly regulations such as DFA stress testing, Consumer Financial Protection Bureau oversight and Durbin Amendment compliance, which caps banks’ interchange income. Have regulatory compliance costs skyrocketed as feared? ERM/COMPLIANCE COSTS.

Risk Management 60

Risk Management Compliance Survey Cards 60

Independent Banker

SEPTEMBER 21, 2015

Regulators should use consistent and transparent standards when evaluating a community bank’s fair lending practices. Community banks should receive proper notice of any changes to the methodologies, standards or analysis regulators use to assess fair. lending compliance.

Lending 70

Lending Community Bank Policies Community 70

FICO

JANUARY 13, 2020

Some are saying this spring but in Washington, D.C., The laws and rules governing anti-money laundering and combating the financing of terrorism compliance have not been substantively updated since the Bank Secrecy Act was adopted in 1970. email and texts). The big question is: when we will see the final product? by Daniel Nestel.

Policies 52

Policies Las Vegas FDIC Washington 52

PYMNTS

FEBRUARY 4, 2020

Congress can regulate sports gambling directly, but if it elects not to do so, each state is free to act on its own.”. states, with only Arizona, Hawaii, Idaho, Montana, Nevada and Washington labeling DFS as illegal. The decision opened the floodgates to legalized sports betting – both in-person and online – in the U.S.

Online 134

Online New Hampshire Rhode Island District of Columbia 134

Independent Banker

SEPTEMBER 30, 2021

manages the community bank’s presence across platforms like Facebook, Instagram, LinkedIn and Twitter. Another reason pen tests are increasingly common is that regulations and PCI compliance require banks to furnish annual pen test results. Security information and event management (SIEM). a Washington, D.C.

Community 139

Community Community Bank social media Security 139

FICO

DECEMBER 20, 2022

Vice President, Product Management. As FIs have more customers using more forms of digital payments, defending against the dizzying array of scams will be crucial to their customer experiences, and potentially required for regulatory compliance. FICO Admin. Tue, 07/02/2019 - 02:45. by TJ Horan. expand_less Back To Top.

Fraud 52

Fraud Payments South Carolina Compliance 52

Jeff For Banks

NOVEMBER 24, 2019

September 1st, 1999, regulators from the Federal Deposit Insurance Corp, at the behest of the Office of the Comptroller of the Currency, descended on a small coal mining town in Keystone, West Virginia. Clearly, blue-suit regulators stood out. He set the tone for antagonizing regulators. The blue-suits were not well-received.

National 78

National West Virginia Virginia Pennsylvania 78

FICO

DECEMBER 20, 2021

The past year was one of transition in the Washington, DC policy arena as a new President, Congress and group of banking agency heads took charge of the financial legislative and regulatory policy agenda. Preferred Collection and Management Services, Inc. Despite these changes, the regulators still believe that more scrutiny is needed.

Policies 52

Policies DC Regulation Industry 52

FICO

OCTOBER 11, 2018

Chamber of Commerce to help all American businesses be more aware of, and better manage, their cybersecurity risk. The first step in managing risk is quantifying it — and that’s exactly what the Assessment of Business Cybersecurity (ABC) does. businesses. The ABCs of the ABC. Today’s inaugural ABC gives U.S.

DC 68

DC National Security Survey 68

Javelin Strategy & Research

SEPTEMBER 2, 2014

This will require several trips a year to Washington, DC along with several touch-points, and I’m looking forward to getting acquainted with the CFPB’s staff and other 24 Consumer Advisory Board (CAB) members. I have a lot to learn! I can’t get enough of innovation and digital strategy. Impossible? Definitely not.

Innovation 58

Innovation DC FDIC Strategy 58

Jeff For Banks

DECEMBER 16, 2022

Twenty-six percent of the bank is owned by the Board, Executive Management, and the ESOP. and Puerto Rico banking laws and regulations. They were under an FDIC consent order from 2014 through 2020 relating to their BSA and OFAC compliance and their relationship with third parties seeking access to the banking system.

Puerto Rico 78

Puerto Rico Virgin Islands Community Community Bank 78

PYMNTS

DECEMBER 14, 2020

The Commission Nationale de l’Informatique et des Libertés (CNIL), the French data protection watchdog, has hit Amazon and Google with significant financial penalties for allegedly contravening regulations on the digital advertising trackers known as “cookies,” CNBC reported. Amazon was told to pay 35 million euros (approximately $42.5

Google 132

Google social media Compliance Regulation 132

PYMNTS

MARCH 28, 2016

Consumers who today pay anywhere from 1 percent to 4 percent of the face value of the check to a source that regulators and policymakers fear are preying on them. Ironically, the places with the highest check cashing fees are Maryland and Washington, D.C.). KILL CHECK RATIONALE #4 … MAKE B2B PAYMENTS BETTER. OK, maybe not.).

US 100

US Payments Course System 100

Gonzobanker

DECEMBER 22, 2015

To those community bankers claiming their growing Compliance departments say no to everything. How about fighting harder with better examples and holding compliance officers as accountable as everybody else. Bank project management offices. Regulator Award. Vendor management. “I Did we hear a whaaaa?

Community Bank 60

Community Bank Apple Community Technology 60

Gonzobanker

DECEMBER 19, 2017

Heavy-handed regulators. Endless CRM and data management projects that shook our foundations and gutted our PMOs. The Just Kidding About the Whole Bank Thing Award – Goes to Fintech darling SoFI , whose management shakeup amid “behavioral issues” shifted the legal efforts from charter application to lawsuit and damage control.

Conference 101

Conference Industry Community Bank Community 101

Fintech Labs Insights

APRIL 4, 2016

Real estate transaction management technology. HQ: Fort Washington, Pennsylvania. Tags: Consumer, investing, trading, robo-advisor, porfolio management. Total raised: $205 million. HQ: New York City. Source: Finovate. Real Matters. Latest round: $76.7 million ($500 million valuation). Total raised: $136.7 HQ: California.

New York City 12

New York City Company Fintech California 12

Fintech Labs Insights

AUGUST 8, 2016

Compliance Science. Compliance platform for financial institutions. HQ: Seattle, Washington. Tags: Consumer, savings, deposits, spending, investing, personal financial management, PFM, mobile. Source: Crunchbase. Latest round: $2.9 Total raised: $11.2 HQ: New York City. Source: FT Partners. Digital payments platform.

Company 12

Company Fintech New York City blockchain 12

PYMNTS

OCTOBER 11, 2019

PayPal officially pulled its support of Facebook’s Libra initiative after being a no-show at the Libra Association meeting in Washington, D.C. LendingClub Founder Renaud Laplanche built a business to help consumers manage the $800 million in outstanding credit card debt twelve years ago. What We’ve Learned From Libra.

Cards 116

Cards Online Houston Digital Banking 116

CB Insights

MAY 23, 2019

Zenefits skirts compliance regulations. Zenefits skirts compliance regulations. In addition, regulators claimed that as many as 80% of insurance plans sold in Washington state by Zenefits reps were sold illegally by unlicensed brokers. Select Investors: MasterCard, Wellington Management.

Fraud 78

Fraud Las Vegas Company Video 78

CB Insights

JANUARY 4, 2018

Think of these AI-enhanced assistants as junior analysts (lawyers, journalists, etc) who never tire and who can process information beyond human capacity but who will still need the steady eye of a manager to make subjective judgments. Investment / Wealth Management. Compliance Officers. INVESTMENT / WEALTH MANAGEMENT.

Software 75

Software Compliance Training Google 75

PYMNTS

NOVEMBER 29, 2018

29), bringing her that much closer to nomination, according to The Washington Post. If nominated, the position would make Kraninger one of the most powerful banking regulators in the country. Kraninger does not have previous experience as a financial regulator.

Regulation 116

Regulation Washington Compliance Community 116

CB Insights

DECEMBER 7, 2017

In 2011, three banks accounted for half of new mortgage loans, according to the Washington Post. Quicken Loans founder Dan Gilbert’s innovation in mortgages was to assign regional-specific loan application reviewers, who familiarized themselves with the regulations of certain geographies.

Millennials 69

Millennials Lending United States Technology 69