PYMNTS

OCTOBER 19, 2020

EU regulators are reportedly creating a “hit list” of approximately 20 firms — Big Tech signature names among them — that will encounter stricter regulations over market competition and other operational activities. And so I made some mistakes — you know, just saying, ‘Hey, I never go to Washington, D.C.’ and Microsoft Corp.

Taxes 143

Taxes Compliance Regulation Google 143

PYMNTS

SEPTEMBER 11, 2019

Innovation and regulatory reform are topics of much discussion in Washington these days. Likewise, pilot programs that expose gaps in anti-money laundering compliance programs will not necessarily result in supervisory action with respect to that program,” El-Hindi said. Even if they do, he added, they should be allowed to exist.

social media 116

social media Compliance Innovation Regulation 116

PYMNTS

NOVEMBER 16, 2020

Amazon said in a statement, per the BBC , “Amazon represents less than 1 percent of the global retail market, and there are larger retailers in every country in which we operate.”. Like Washington, Beijing has a love-hate relationship with its tech champions,” Trivium China Partner Kendra Schaefer said, per CNBC.

Maryland 151

Maryland Taxes Online Groups 151

PYMNTS

FEBRUARY 6, 2018

The Conference of State Bank Supervisors (CSBS), through which these states are working, said Tuesday that seven states — which include Georgia, Illinois, Kansas, Massachusetts, Texas, Tennessee and Washington — have agreed to standardize licensing processes that are in place in order to provide money licensing services.

Fintech 118

Fintech US Tennessee Washington 118

PYMNTS

SEPTEMBER 2, 2019

Although regulation could make it hard for some crypto firms to continue operations, Murray said it’s not the BSA’s job to accommodate everyone. Crypto fans in Washington say regulatory clarity is vital to the sector’s growth. The FIN testimony also recommended that legislation gets passed that bans anonymous companies.

Groups 124

Groups cryptocurrency Regulation United States 124

Bank Innovation

APRIL 25, 2019

WASHINGTON, D.C. Fintechs are having trouble facing reality when it comes to obtaining bank charters, FDIC Chairman Jelena McWilliams and Comptroller of the Currency Joseph Otting said here at the FDIC’s Fintech and the Future of Banking conference on Wednesday.

Fintech 186

Fintech FDIC Washington Conference 186

PYMNTS

DECEMBER 27, 2019

Or maybe a relatively bland extended-stay operation right off the interstate. To learn more about the trend, PYMNTS recently caught up with Kulveer Taggar, co-founder and CEO of Zeus , a digital and mobile-focused operation that puts business travelers into furnished housing that Zeus rents from owners.

Los Angeles 139

Los Angeles San Francisco New York City Trends 139

PYMNTS

MAY 24, 2019

FinCEN expects to hold events in the Washington, D.C. Companies that are already in their operational phases will be given advance consideration. “Technology demonstrations should highlight how these innovations work and how financial institutions might use them.

Innovation 124

Innovation US Metro Washington 124

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. have moved to collect sales tax from remote sellers, and it’s just the beginning. If you ever wonder what causes internet billionaires to lose sleep … this’ll do it.

Taxes 130

Taxes Alaska South Dakota South Carolina 130

Insights on Business

FEBRUARY 21, 2019

Digitally transforming operations, operating models and technologies to compete in a changing industry structure. Optimizing risk, compliance and security. IBM has helped many regional and global organizations along this path with everything from migrating existing workloads to forward-looking projects such as blockchain and AI.

Innovation 79

Innovation Seattle blockchain Customer Experience 79

PYMNTS

MAY 13, 2016

As noted by The Washington Post , there are a number of factors at play with the economic quarantine that has bedeviled the country even since the nuclear pact was struck just months ago. The Post noted that both Washington and Tehran “blame each other” for the ennui. One key issue: banks have been balking at funding projects.

Washington 100

Washington United States Regional Compliance 100

Bank Innovation

MARCH 2, 2016

Washington, D.C. — Today the Consumer Financial Protection Bureau leveled a $100,000 penalty against the online payment platform Dwolla, who are obliged to pay the full amount and fix its security practices.

Security 150

Security Washington Online Data 150

PYMNTS

MARCH 25, 2019

A federal judge late last week ordered a stay on the August 2019 compliance date tied to the “ payday lending rule ” mandated roughly two years ago by the Consumer Financial Protection Bureau (CFPB). The CFPB had asked the court to wait until a separate case had been decided. That’s the problem this legislation is looking to solve.”.

Lending 128

Lending Illinois Compliance Chicago 128

PYMNTS

JULY 29, 2019

Mastercard has expanded its services for SMBs in several ways over the quarter, launching new SMB card rewards that operate like a “toolbox” for fulfilling recurring needs, such as Mastercard ID Theft Protection. Many of the company’s SMB projects are overseas.

Payments 117

Payments Portland Oregon United States 117

PYMNTS

SEPTEMBER 24, 2019

As it stands now, the number of states with economic nexus laws on the books is 43, plus Washington, D.C. For marketplace facilitator laws, the count is 34 states, along with Washington, D.C. The costs of compliance — both in terms of administration and financial penalties — can mount. As a result, audits and penalties may loom.

Taxes 116

Taxes Retail Online South Dakota 116

PYMNTS

OCTOBER 17, 2018

Massachusetts joins a handful of states, including Colorado, Washington and Maine, that have taken steps to legalize recreational marijuana. This forces many operations to continue using cash. Marijuana retailers] want to think about growing their businesses, enhancing operations and taking care of their employees,” she said.

Colorado 126

Colorado Massachusetts US Industry 126

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

SEPTEMBER 21, 2015

Agnani, Director of Policy and Civic Engagement, National Coalition for Asian Pacific American Community Development, Washington, D.C. Allen, Chief Compliance Officer, Bank of American Fork, American Fork, Utah. Quick, Vice President of Compliance, First Hope Bank, N.A., New Consumer Advisory Board members are: Seema M.

Groups 60

Groups Los Angeles San Francisco Community Bank 60

PYMNTS

AUGUST 6, 2019

At the time, Finance Assistant Secretary Antonio Lambino II spoke in Washington, D.C. The Philippines’ current tax system tends to “overemphasize controls and monitoring over the welfare of taxpayers and the overall ease and efficiency of compliance,” he said, according to reports. On Monday (Aug.

Regional 108

Regional Taxes System Guidelines 108

PYMNTS

JANUARY 17, 2020

The latest issue involves eSports – one of the rising trends in digital commerce , and one of the ways through which some mall and brick-and-mortar operators hope to revive those retail properties. billion in 2022.”. State Pressure. All that growth is now reportedly attracting the attention of the tax man. The Wayfair Impact.

Taxes 132

Taxes Online Policies Philadelphia 132

PYMNTS

MARCH 30, 2017

“The tension that the CFO is experiencing between priorities inside and outside of the finance function increases the need to streamline processes through technology, which, in turn, promotes more integration between finance, risk, treasury and operations.”. Policy changes abound in Washington, D.C.,

Analytics 100

Analytics Risk Management Management Data 100

PYMNTS

FEBRUARY 4, 2020

states, with only Arizona, Hawaii, Idaho, Montana, Nevada and Washington labeling DFS as illegal. The betting platform – which is managed via DraftKings, which won the competitive bid for the project – has been operating since late December, and saw a spike in activity over the weekend.

Online 134

Online New Hampshire Rhode Island District of Columbia 134

PYMNTS

AUGUST 8, 2017

” The bank also reportedly failed to refund the insurance money to customers whose cars were repossessed by increasing what they owed.

South Carolina 100

South Carolina Payments Iowa Oklahoma 100

Fintech Labs Insights

JUNE 6, 2016

Quantopian announced on Friday that Derek Meisner (pictured) had joined the company as General Counsel and Chief Compliance Officer, to help build what Quantopian CEO John Fawcett called a “compliance and operational infrastructure” as the company prepares to take its hedge fund to the public.

Compliance 12

Compliance San Francisco Boston Washington 12

CFPB Monitor

JULY 21, 2022

in a manner that the Secretary determines appropriate to assess compliance” with the amendment. After the random audits, the Secretary will submit reports to the Committee on Financial Services of the House of Representatives and the Committee on Banking, Housing, and Urban Affairs of the Senate.

United States 78

United States Taxes Regulation Compliance 78

FICO

OCTOBER 4, 2016

The potential of alternative data in consumer lending decisions continues to be a hot topic in Washington, D.C., When federal banking agencies recently revised their Q&As for CRA compliance , their focus on the use of alternative data caught my eye.

Lending 74

Lending Data Community FDIC 74

CFPB Monitor

SEPTEMBER 19, 2022

1960, which criminalizes the operation of unlicensed money transmitting businesses, in order to increase its statutory maximum penalty from five years to ten years of imprisonment, and doubling its maximum criminal fine from $500,000 to $1 million for certain offenses. Amending 18 U.S.C.

Report 78

Report cryptocurrency Training Guidelines 78

William Mills

OCTOBER 13, 2017

Attendees could customize their day – picking and choosing from 70 different sessions on five separate stages featuring a wide range of topics including payments, fraud, fintech, marketing/product development, channel optimization, sales, compliance, business banking, artificial intelligence (AI) and community-based banking.

Atlanta 41

Atlanta Innovation Conference Georgia 41

Jeff For Banks

DECEMBER 16, 2022

4 First BanCorp (NYSE: FBP) First BanCorp is a full service financial institution with operations in Puerto Rico, the British Virgin Islands, and Florida. 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

Independent Banker

MARCH 15, 2015

Educating a new member, says Anderson, is “helping lawmakers to understand what it means to be a community banker today, not what it was like in ‘It’s a Wonderful Life,’ because a lot of times people don’t realize how burdensome it has become for our members to operate in the current regulatory environment.”. is high on the list.

Community 70

Community Washington Community Bank Meeting 70

PYMNTS

SEPTEMBER 21, 2020

The Telecom Regulatory Authority of India (Trai) has decided not to put over-the-top (OTT) companies like WhatsApp, Facebook and Viber under a regulatory umbrella, leaving their operations up to market forces instead, the Financial Express reported. million) in annual operating income in Spain.

Google 147

Google Taxes Compliance Regulation 147

Gonzobanker

APRIL 28, 2016

We are hopeful that community banks will also pursue efforts to communicate the real cost of regulatory burden to our friends in Washington. They evolve their operations to find the optimal workflow and supporting processes to overcome every new obstacle. The best banks aren’t just compliant with new regulations.

Regulation 60

Regulation Management Community Bank System 60

PYMNTS

MARCH 31, 2020

California, New Jersey, New York and Washington have different laws, for example, and companies operating in all of these states must comply with each. merchants operate online and internationally, meaning they not only need to comply with U.S. It can be difficult for U.S. Fragmentation in U.S. Fragmentation in U.S.

Regulation 154

Regulation Data US Washington 154

PYMNTS

DECEMBER 14, 2020

An Amazon representative said, per the report, “We continuously update our privacy practices to ensure that we meet the evolving needs and expectations of customers and regulators and fully comply with all applicable laws in every country in which we operate.”. Facebook and Google Could Face Large Fines With Potential Australian Legislation.

Google 132

Google social media Compliance Regulation 132

Jeff For Banks

NOVEMBER 24, 2019

She effectively ran the bank and its operations. Church, part of "Knox's Foxes", was a Vice President of the bank and President of the mortgage subsidiary, which was at the center of Keystone's problems. Because the then-President was Billie Jean Cherry, the former town mayor, and paramour of J. You can't make this stuff up.

National 78

National West Virginia Virginia Pennsylvania 78

Independent Banker

SEPTEMBER 30, 2021

Another reason pen tests are increasingly common is that regulations and PCI compliance require banks to furnish annual pen test results. The biggest knock on multifactor authentication is inconvenience, according to Joel Williquette, ICBA’s senior vice president of operational risk policy. a Washington, D.C.-based

Community 139

Community Community Bank social media Security 139

Gonzobanker

DECEMBER 19, 2017

Seriously, sit back with a pocket flask of Pappy Van Winkle, smoke a cigar (or your combustible of choice if you live in Colorado, California, Washington, Oregon, Nevada, Main or Massachusetts) and enjoy the 2017 GonzoBanker Awards. It’s time to toast the conquerors and skewer the laggards, GonzoBankers.

Conference 101

Conference Industry Community Bank Community 101