American Banker

OCTOBER 30, 2020

The CrossState Credit Union Association continues to work with lawmakers in neighboring New Jersey to get similar legislation passed there.

Pennsylvania 74

Pennsylvania New Jersey Compliance Regulation 74

PYMNTS

DECEMBER 30, 2019

is thought to be the first company to deploy a self-driving commercial truck to haul 40,000 pounds of butter roughly 42 hours cross-country from Tulare, California to Quakertown, Pennsylvania, ZDNet reported. Silicon Valley startup Plus.ai

US 194

US Pennsylvania California Compliance 194

American Banker

OCTOBER 1, 2020

Atlantic Community Bankers Bank must improve its anti-money- laundering and Bank Secrecy Act policies and procedures.

Pennsylvania 31

Pennsylvania Compliance Policies Community 31

CFPB Monitor

AUGUST 19, 2019

Mr. Cameron joins the Bureau from the Pennsylvania Higher Education Assistance Agency where he was a high-ranking official responsible for litigation, compliance, and risk mitigation efforts. The CFPB has announced the appointment of Robert G. Cameron to serve as the Bureau’s private education loan ombudsman.

Pennsylvania 79

Pennsylvania Compliance Data 79

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

American Banker

FEBRUARY 5, 2024

First National Bank of Pennsylvania, a unit of FNB Corp., ran into trouble in connection with North Carolina operations it acquired from Yadkin Financial in 2017.

North Carolina 28

North Carolina Pennsylvania National Operations 28

CFPB Monitor

SEPTEMBER 5, 2019

Nicholas Smyth, Assistant Director of the Pennsylvania Attorney General’s Bureau of Consumer Protection, was our guest speaker for a webinar yesterday. Formerly a CFPB enforcement attorney, Nick was appointed by PA Attorney General Josh Shapiro about two years ago to lead the new unit.

Indiana 60

Indiana Pennsylvania Delaware Illinois 60

CFPB Monitor

MAY 6, 2019

Lemire worked most recently in the private sector as a partner at StoneTurn, an international consulting firm, which acquired the risk and compliance firm Lemire LLC that she founded. New York is the second state to create a “mini” CFPB, following Pennsylvania. Prior to her work in consulting, Ms. Lemire was an Assistant U.S.

New York 90

New York Pennsylvania Compliance Lending 90

Abrigo

SEPTEMBER 10, 2021

The first plane hitting the Twin Towers, the second plane, the Pentagon, and then our heroes on Flight 93 crashing into a Pennsylvania field. The role of BSA staff was typical compliance and very task-oriented. Completing and submitting forms to FinCEN without investigation or law enforcement contact was the general rule.

Training 195

Training Risk Management Pennsylvania Resources 195

Independent Banker

SEPTEMBER 25, 2014

Compliance officer James E. Pennsylvania community bank compliance officer, James E. Mastroianni, touts ICBA compliance education. Mastroianni, as vice president for Sweickley Savings Bank, leads much of the compliance efforts at the $330 million-asset community bank in Coraopolis, Pa. Mastroianni.

Compliance 70

Compliance Community Bank Resources Pennsylvania 70

CFPB Monitor

MAY 5, 2020

The Connecticut federal district court has ruled in Pennsylvania Higher Education Assistance Agency v. Perez that demands by the Connecticut Department of Banking (DOB) to the Pennsylvania Higher Education Assistance Agency (PHEAA) for federal student loan documents are preempted by federal law.

Connecticut 78

Connecticut Pennsylvania Compliance Regulation 78

PYMNTS

MARCH 2, 2020

When hackers hit Pennsylvania-based fuel and convenience retailer Wawa, they made off with the credentials of potentially thousands of credit union members. But legal loopholes to compliance aside, the CU community is firmly behind data privacy and security measures, as detailed in the full report.

California 130

California Fraud Pennsylvania Community 130

PYMNTS

OCTOBER 6, 2016

legal loophole that, for example, protects it from regulatory compliance issues by hosts. According to Michael Risch, a professor at Villanova University School of Law in Pennsylvania, “If Airbnb wins, we will likely see more companies making arguments that generally applicable regulation is barred by the Communications Decency Act.”.

San Francisco 168

San Francisco Pennsylvania Regulation Florida 168

CB Insights

APRIL 20, 2016

In April 2016, Pennsylvania became the 24th state to to legalize medical marijuana. With over 35 million Americans using medical marijuana each year, cannabis legalization is at the heart of a national debate — and a host of startups are … Continued.

Pennsylvania 28

Pennsylvania Compliance National Capital 28

PYMNTS

JANUARY 17, 2020

As the report notes, officials in Pennsylvania are stepping up their enforcement of tax efforts involving eSports participants. Indeed, it seems that in some states, winners at eSports competitions are waking up to the possibility that big chunks of their winnings – perhaps half or more – could be sent to tax authorities. The Wayfair Impact.

Taxes 132

Taxes Online Policies Philadelphia 132

CFPB Monitor

MARCH 29, 2022

Delivering the University of Pennsylvania Law School’s 2022 Distinguished Lecture on Regulation yesterday, CFPB Director Chopra addressed the following question: “How do we stop large dominant firms from violating the law over and over again with seeming impunity?”

Leadership 78

Leadership Pennsylvania Regulation Compliance 78

FICO

FEBRUARY 16, 2023

A cluster of states in the northeastern US accounted for an additional 29%, and included New York, New Jersey, Pennsylvania, Maryland and Virginia. When looking at total fraud cases related to skimming, we saw that 70% were tied to POCs in 5 states: California (38%), New York (16%), Pennsylvania (6%) and Florida/Washington (5%).

Cards 98

Cards US Data Fraud 98

CFPB Monitor

OCTOBER 4, 2022

The key allegations in the DOJ’s complaint are the following: During the relevant time period (2015-2021), the Newark, New Jersey-Pennsylvania Metro Division (Newark MD) as delineated in 2015 included Essex, Somerset, Union, Sussex, and Morris counties in New Jersey (Newark Lending Area).

New Jersey 147

New Jersey Lending Community National 147

CFPB Monitor

JANUARY 28, 2016

An attempt by the Pennsylvania Attorney General to use her Dodd-Frank Section 1042 authority recently met with only partial success in Pennsylvania federal district court. The AG’s action in Commonwealth of Pennsylvania v. Think Finance, Inc., For more information about the decision, see our legal alert.

Pennsylvania 60

Pennsylvania Compliance Payments Regulation 60

PYMNTS

OCTOBER 19, 2016

First National Bank of Pennsylvania, the largest subsidiary of F.N.B. The updated regulations are slated to take effect Oct. Meanwhile, ING Netherlands announced that its customers would now be able to use the bank’s mobile app to send money via social media.

Regulation 100

Regulation Cards Digital Banking social media 100

PYMNTS

OCTOBER 1, 2018

There were also warnings that a “patchwork” of privacy laws across various states would hurt businesses, as well as concerns that compliance costs could also do harm. While the executives at the hearing late last month agreed that a federal privacy law is necessary, they disagreed on issues such as how it should be created and enforced.

Online 100

Online Data Pennsylvania Florida 100

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

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

American Banker

NOVEMBER 23, 2016

The Pennsylvania company has redoubled its outreach to low- and moderate-income consumers by partnering with Operation Hope on a down payment assistance program and naming a veteran banker to the newly created post of director of fair and responsible banking.

Lending 28

Lending Pennsylvania Operations Payments 28

PYMNTS

OCTOBER 2, 2018

There were also warnings that a “patchwork” of privacy laws across various states would hurt businesses, as well as concerns that compliance costs could also do harm. While the executives at the hearing late last month agreed that a federal privacy law is necessary, they disagreed on issues such as how it should be created and enforced.

Data 189

Data Online Google social media 189

PYMNTS

FEBRUARY 28, 2020

A recent hack against Pennsylvania-based convenience store chain Wawa exposed credit and debit card credentials issued by hundreds of local credit unions. The breach resulted in more than $5 million in losses, but the damage done to CU members’ trust was incalculable.

Data 131

Data California Security Pennsylvania 131

Jeff For Banks

NOVEMBER 24, 2019

The Bank's Rise McConnell came to the bank in 1977 from McKeesport, Pennsylvania. She subsequently looted it and went to jail for it, and denied McConnell's will to donate a significant part of his wealth to his alma matar, Waynesburg University in Pennsylvania. He did not note the irony that he had a relationship with a board member.

National 78

National West Virginia Virginia Pennsylvania 78

PYMNTS

OCTOBER 28, 2016

Not to make them out to be a toast attraction, but the other kiosks can be checked out in New York, New Jersey, Pennsylvania, Texas, Louisiana and Nevada. Coinsource has built an organization that’s built to scale and to do so while meeting or exceeding varying levels of compliance,” said Coinsource CEO and Cofounder Sheffield Clark.

Bitcoin 100

Bitcoin ATM Cards Los Angeles 100

Jeff For Banks

DECEMBER 29, 2015

Special thanks to the Compliance folks on the 12th floor for this little gift of long-term holds! All because, what, Compliance determined that there might be a regulatory risk on large check deposits after the money was collected ? I doubt there is anybody in Pennsylvania, where my branch is located, that weighed in on that decision.

Community 60

Community Community Bank Pennsylvania Policies 60

Fintech Labs Insights

JANUARY 3, 2017

Starting in 2017 former Microsoft executive Jeremy Korst will be the man driving the message at tax compliance innovator and FinDEVr alum , Avalara. He has a BA in Economics, Politics, and Government from the University of Puget Sound, and a MBA from the Wharton School, University of Pennsylvania.

Marketing 15

Marketing Seattle Taxes Pennsylvania 15

CFPB Monitor

OCTOBER 24, 2022

in which a divided panel of the Pennsylvania Superior Court refused to enforce an arbitration agreement contained in Uber’s online terms and conditions. . The fact that the Pennsylvania constitution makes the right to a jury trial “inviolate,” as Chilutti stressed, does not displace federal arbitration law. Uber Technologies, Inc. ,

Pennsylvania 78

Pennsylvania Online Montana Capital 78

Jeff For Banks

AUGUST 29, 2012

This was one of the points made by Lisa Schultz of Stifel, Nicolaus, Weisel, an investment banking firm that specializes in FIs, at a recent Pennsylvania bankers conference. Have you over-reached with your compliance program? But retail investors were nowhere to be found. Now it''s time to cowboy up. How efficient is your back office?

Capital 84

Capital Retail Pennsylvania Community 84

PYMNTS

NOVEMBER 26, 2019

Wayfair ruling have made tax compliance challenges highly visible. Struggles to understand and fulfill tax obligations are not new — states have worked for decades to manage these compliance difficulties. Where SSUTA Does — and Does Not — Ease Remote Sales Tax Compliance . SSUTA’s Role in South Dakota v.

Taxes 141

Taxes South Dakota District of Columbia Compliance 141

Fintech Labs Insights

JANUARY 7, 2016

Social media financial compliance specialist Gremln raised $1.4 HQ: Philadelphia, Pennsylvania. Social media management & compliance for financial institutions . Tags: Enterprise, compliance, social media, regulations, marketing, Finovate alum. One Finovate alum added cash at year-end: . Source: Crunchbase.

St. Louis 12

St. Louis social media Company Fintech 12

Fintech Labs Insights

SEPTEMBER 30, 2016

President and Co-Chief Compliance Officer for Innovation Partners, Elaine Lawrence said the technology would help her firm “engage with clients according to their preferences, while also stepping in to demonstrate value as necessary.” and one of the Best Places to Work in San Diego by the San Diego Business Journal.

San Diego 12

San Diego Management North Carolina Philadelphia 12

CFPB Monitor

JANUARY 25, 2019

The Pennsylvania Department of Banking and Securities (“DoBS”) just released Guidance declaring that virtual currency, “including Bitcoin,” is not considered “money” under the Pennsylvania Money Transmission Business Licensing Law , otherwise known as the Money Transmitter Act (“MTA”). The Pennsylvania Guidance.

Pennsylvania 60

Pennsylvania Security New Hampshire Texas 60

PYMNTS

JANUARY 19, 2021

With a nod toward GeoGuard’s own offerings, Briggs noted that upon the buildout of the firm’s geolocation compliance system, the goal had not been, explicitly, to craft a geolocation anti-fraud system. “It Bit by bit, then, we may see the emergence of a technical framework, tied to KYC and anti-money laundering ( AML ) compliance.

Data 227

Data Fraud Los Angeles Compliance 227