CFPB Monitor

DECEMBER 10, 2020

Department of Justice and a media conglomerate underscores the importance of implementing robust Telephone Consumer Protection Act compliance measures, including for third-party vendors. A recent settlement between the U.S. DISH, the DOJ, and the States reached this expansive settlement on remand.

North Carolina 78

North Carolina Compliance Illinois Ohio 78

Jeff For Banks

DECEMBER 10, 2023

It is a Minority Depository Institution (MDI) and is one of only a few North Carolina banks designated by the U.S. 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. NasdaqGS: FCNC.A) In 1935, R.P.

Fresno 103

Fresno North Carolina Raleigh FDIC 103

Payments Source

APRIL 5, 2016

is scrapping plans to build an operations center in Charlotte, North Carolina, saying that recent legislation passed in the state undercuts the rights of lesbian, gay, bisexual and transgender people. PayPal Holdings Inc.

Charlotte 60

Charlotte North Carolina Operations Compliance 60

CFPB Monitor

OCTOBER 25, 2019

(States that provide time-barred debts are extinguished upon the running of the statute of limitations currently include Mississippi, Wisconsin, and, for purchased debts only, North Carolina.).

Metro 60

Metro North Carolina Mississippi Wisconsin 60

Jeff For Banks

AUGUST 10, 2012

I taught Organizational Structure this week at the North Carolina School of Banking. IT steering committee projects are driven by anecdotes and compliance. Strategy drives structure, so says Peter Drucker. Do you believe him? Does your strategy drive your structure? I was the one in the room with the accent, by the way.

Strategy 75

Strategy North Carolina New Jersey Case Study 75

CFPB Monitor

DECEMBER 5, 2022

CarMax has 180 days to implement these practices, and has agreed to compliance monitoring for a period of five years. Additionally, CarMax is prohibited from directly or indirectly stating in marketing, advertising, or during sale (including vehicle labeling) that a vehicle is “safe” or has been repaired for “safety issues.” .

Rhode Island 78

Rhode Island West Virginia South Carolina North Carolina 78

CFPB Monitor

DECEMBER 19, 2014

Mishkin As part of this week’s flurry of enforcement-related announcements, the CFPB announced the settlement of a lawsuit filed jointly with the Attorneys General of North Carolina and Virginia against Freedom Stores, Inc. CFPB Enforcement Debt Collection Military Issues cfbp debt collection military'

North Carolina 74

North Carolina Retail Company Virginia 74

CFPB Monitor

JULY 7, 2020

A North Carolina federal district court rejected the plaintiffs’ constitutional challenge but the Fourth Circuit vacated the judgment and held that the TCPA’s government debt exception violated the First Amendment. In 2018, the FCC issued a notice announcing that it was seeking comments on several TCPA issues following the D.C.

North Carolina 78

North Carolina United States System Compliance 78

CFPB Monitor

AUGUST 7, 2019

The DFS investigation is a reminder of the need for all providers of alternative financial products to carefully analyze product terms and to revisit true sale compliance, both in the language of their agreements and in the company’s actual practices. North Carolina Office of the Commissioner of Banks.

Industry 92

Industry Puerto Rico South Dakota North Dakota 92

PYMNTS

JANUARY 9, 2020

For instance, as PYMNTS has previously covered — patient non-compliance has become an endemic issue. It is a problem that Ride Health Founder and CEO Imran Cronk ran into firsthand about six years ago while volunteering at a rural North Carolina hospital. While there is no shortage of issues to be solved in the U.S.

North Carolina 136

North Carolina System Management Compliance 136

CFPB Monitor

MARCH 15, 2022

Given such continuing threats, non-bank participants would be well-advised to revisit their vulnerability to “true lender” challenges and their compliance with state licensing laws. Maryland, New York, North Carolina, Ohio, Pennsylvania, West Virginia, and Colorado. The DFPI is not alone in asserting a “true lender” claim.

California 78

California Innovation Utah West Virginia 78

Jeff For Banks

FEBRUARY 23, 2013

I first wrote of such a position based on an idea posed by a student in my class at the North Carolina School of Banking. Ensure compliance with all industry laws and regulations. Ensure compliance with all HR related laws and regulations. Ensure compliance training is consistent with industry standards.

Training 86

Training Leadership North Carolina Resources 86

CFPB Monitor

AUGUST 22, 2016

Cal Ratcliff, Senior Vice President, Chief Compliance Officer, Bank of North Carolina, High Point, NC. Ricardo Ledezma, Corporate Compliance Assurance Manager, San Antonio Federal Credit Union, San Antonio, TX. Sarah Marshall, Chief Executive Officer, North Side Community Federal Credit Union, Chicago, IL.

San Antonio 60

San Antonio Kansas City Groups CA 60

CFPB Monitor

SEPTEMBER 10, 2020

The DBO indicated that it “is investigating whether LoanMart’s role in the arrangement is so extensive as to require compliance with California’s lending laws. In particular, the DBO seeks to learn whether LoanMart’s arrangement with CCBank is a direct effort to evade the [FACA], an effort which the DBO contends would violate state law.”.

Utah 78

Utah California FDIC West Virginia 78

PYMNTS

JULY 10, 2020

The Wilmington, North Carolina-based company nCino Inc., Our solution streamlines employee, client and third-party interactions and drives increased profitability, efficiency, transparency and regulatory compliance across a financial institution.”. million by offering 7.6 million shares to the public and another 1.1

North Carolina 197

North Carolina Software Compliance Security 197

Fintech Labs Insights

SEPTEMBER 30, 2016

For Envestnet, the award comes just days after announcing its new collaboration with Charlotte, North Carolina’s Innovation Partners , who will use financial wellness solutions from Envestnet | Yodlee to enhance its wealth management services.

San Diego 12

San Diego Management North Carolina Philadelphia 12

Fintech Labs Insights

OCTOBER 27, 2015

” Spreedly helps marketplaces and platforms accept a wider range of payment types while reducing cost, complexity, and compliance burden. Founded in January 2008 and headquartered in Durham, North Carolina, 12-person Spreedly demonstrated its universal credit card, token technology at its FinDEVr 2015 debut in San Francisco.

San Francisco 12

San Francisco San Jose North Carolina Compliance 12

CB Insights

AUGUST 16, 2017

Co-founder and CEO Michael Praeger has grown AvidXchange to nearly 900 employees from its headquarters in Charlotte, North Carolina, making it the state’s only unicorn. Rubrik , known by some as a data backup solution, offers data protection, search, analytics, compliance, and copy data management in one platform.

Meeting 68

Meeting US Capital North Carolina 68

Fintech Labs Insights

AUGUST 8, 2016

Compliance Science. Compliance platform for financial institutions. HQ: Morrisville, North Carolina. Tags: Institutions, compliance, regulations. Source: Crunchbase. Latest round: $2.9 Total raised: $11.2 HQ: New York City. Source: FT Partners. Digital payments platform. Latest round: $2.8 Source: Crunchbase.

Company 12

Company Fintech New York City blockchain 12

Fintech Labs Insights

NOVEMBER 2, 2015

HQ: Durham, North Carolina. Tags: Security, fraud, AML, KYC, compliance, Finovate alum. Source: Crunchbase. Identity proofing solutions. Latest round: $10.45 million Post IPO equity. Total raised: Unknown. HQ: Melbourne, Australia. Source: Finovate. Payment & credit platform for the underbanked. Latest round: $10 million.

Los Angeles 12

Los Angeles New York City San Francisco Company 12

Fintech Labs Insights

OCTOBER 19, 2015

Bitcoin compliance solutions. HQ: Raleigh, North Carolina. HQ: Tallinn, Estonia. Latest round: $750,000. Total raised: $2.2 Source: Crunchbase. Scorechain. HQ: Luxembourg. Latest round: $600,000. Total raised: $600,000. Source: FT Partners. Using the blockchain for managing records. Latest round: $400,000 Seed. RewardStock.

New York City 12

New York City Company Fintech New York 12

CB Insights

AUGUST 14, 2017

Co-founder and CEO Michael Praeger has grown AvidXchange to nearly 900 employees from its headquarters in Charlotte, North Carolina, making it the state’s only unicorn. Rubrik , known by some as a data backup solution, offers data protection, search, analytics, compliance, and copy data management in one platform.

US 28

US Capital North Carolina Data 28

CFPB Monitor

SEPTEMBER 13, 2018

57, disapproving of the CFPB’s Bulletin 2013-2 regarding “Indirect Auto Lending and Compliance with the Equal Credit Opportunity Act.” The states whose AGs signed the comment letter are North Carolina, California, Illinois, Maine, Maryland, Massachusetts, Minnesota, New Jersey, New York, Oregon, Rhode Island, Vermont, and Virginia.

Rhode Island 60

Rhode Island District of Columbia North Carolina Vermont 60

Fintech Labs Insights

MARCH 28, 2017

Nearly 20 of the companies highlighted in Planet Compliance’s new RegTech Top 100 Power list – and five of the top ten – are Finovate and/or FinDEVr alums. Interestingly, Planet Compliance says it has added a “secret ingredient” to the ranking system. Headquartered in Wilmington, North Carolina.

San Jose 12

San Jose San Diego North Carolina California 12

Fintech Labs Insights

MAY 17, 2017

Named to Planet Compliance’s RegTech Top 100 Power List this spring, nCino partnered with North State Bank in April and teamed up with Valley National Bank in March to power commercial loan operations at both institutions. Headquartered in Wilmington, North Carolina. Company Facts. Founded in 2012.

System 14

System Operations North Carolina Compliance 14

Fintech Labs Insights

MAY 17, 2017

Named to Planet Compliance’s RegTech Top 100 Power List this spring, nCino partnered with North State Bank in April and teamed up with Valley National Bank in March to power commercial loan operations at both institutions. Headquartered in Wilmington, North Carolina. Company Facts. Founded in 2012.

System 13

System Operations North Carolina Compliance 13

Gonzobanker

DECEMBER 14, 2023

On one hand, there were tons of stories emerging about operational and compliance chaos in BaaS partnerships, enough to scare many banks who were standing at the edge of the pool to conclude, “I’m not jumping in.” A wonderful investment to help some very valued Americans. The Rough Year But Shake it Off Award – goes to Banking-as-a-Service.

Fintech 195

Fintech Community Regional Technology 195

William Mills

SEPTEMBER 7, 2016

Andrew just needs to review the account and forward on to compliance for their review. Andrew can snooze until Compliance has done their work so his workspace is not cluttered. Built a workflow for the bank so the bank can approve payment and see all compliance and tax information. Their application is middleware.

Mobile 40

Mobile Cards Fraud Data 40

Fintech Labs Insights

JULY 14, 2016

HQ: Wilmington, North Carolina. Tags: Institutions, compliance, risk mananagement, trading, investing. Source: FT Partners. Bank operating system. Latest round: $15.67 Total raised: $64.67 Source: Crunchbase. NexusCrowd. Real estate crowdfunding platform. Latest round: $15.5 Source: Crunchbase. Electronic notary service.

San Francisco 12

San Francisco Company Fintech California 12

Fintech Labs Insights

AUGUST 1, 2016

HQ: Charlotte, North Carolina. Tags: SMB, entreprise, leasing, accounting, managment, compliance. Source: Crunchbase. Mobile payment & financing platform for field sales. Latest round: $1.5 million Debt. Total raised: Unknown. Source: Crunchbase. Recurring bill management . Latest round: $1.4 million Seed. million Series.

Company 12

Company Fintech New York City Lending 12

CB Insights

JUNE 17, 2020

In addition to concerns about digital mediums lacking certain face-to-face benefits, teletherapy also presents compliance issues. In March 2020, Verizon was forced to suspend operations at its call centers in Elgin, South Carolina and Wilmington, North Carolina, after employees tested positive for Covid-19.

Industry 101

Industry Technology Online Video 101

CB Insights

MAY 15, 2019

Working with FCAT, the charity searched for third-party vendors and iterated testing on compliance with legal and regulatory requirements to be able to accept Bitcoin. Ally Financial set up TM Studio in North Carolina to test “new banking concepts.” PWC — Center for Technology and Innovation (CTI). Founded: 2018.

Innovation 78

Innovation blockchain Technology Groups 78

CFPB Monitor

JANUARY 7, 2021

If a bank fails to satisfy its compliance obligations, the OCC will not hesitate to use its enforcement authority consistent with its longstanding policy and practice.

District of Columbia 78

District of Columbia North Carolina New York Policies 78

PYMNTS

MARCH 10, 2020

Lawmakers repeatedly pressed Scharf on a timeframe for more tangible results across compliance and remediation efforts. Chairwoman Waters highlighted the fact that the OCC has pointed to tens of thousands of cases requiring remediation for consumer abuse. Not that I am aware of,” Scharf replied. Separately, Rep.

North Carolina 130

North Carolina Kentucky Compliance Capital 130

CFPB Monitor

MAY 3, 2021

The rule disallows “rent-a-bank schemes” where the bank allows its name to be used on loan documents but disclaims any compliance responsibility for loans, as pointed out in a recent letter to the Committee from Blake Paulson, Acting Comptroller of the Currency.

North Carolina 60

North Carolina Lending National District of Columbia 60