Bank Innovation

APRIL 25, 2019

WASHINGTON, D.C. Both regulators said proving the necessary capital and profitability have been particularly difficult for […].

Fintech 186

Fintech FDIC Washington Conference 186

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

JULY 12, 2019

That said, in a first-ever congressional hearing on marijuana law reform, the House Judiciary Subcommittee on Crime, Terrorism and Homeland Security convened July 10 to debate altering federal law around cannabis. Lawmakers went on the assumption that reforming federal marijuana laws is a given and used the hearing to discuss regulation.

Retail 154

Retail Colorado Regulation Compliance 154

PYMNTS

SEPTEMBER 28, 2017

Securities and Exchange Commission (SEC) and Financial Industry Regulatory Authority (FINRA) requirements. Overstock has a license for an alternative trading system through its acquisition of Pro Securities two years ago, according to CNBC. We can start moving these ICOs in and provide good, regulated trading,” Byrne said.

cryptocurrency 101

cryptocurrency Regulation System Washington 101

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.

Lending 128

Lending Illinois Compliance Chicago 128

Bank Innovation

APRIL 24, 2019

WASHINGTON, D.C. — Secretary of the Treasury Steven Mnuchin said today that he prefers private over government solutions when it comes to collecting and using consumer data for financial products and services, speaking at a fintech conference hosted here by the FDIC.

Data 170

Data FDIC Washington Conference 170

Abrigo

JULY 12, 2021

This new guidance will assist countries and the private sector in understanding and documenting these risks and prepare accordingly for this serious threat to international peace and security. One important step toward further global compliance for the U.S. BSA Rules and Regulation. While the U.S. Learn more. BSA Training.

Training 195

Training Policies United States Report 195

Payments Source

SEPTEMBER 14, 2016

In Washington, the term has special significance. Special-interest groups regularly try to gain subsidies by securing a special regulation that disadvantages competitors.

Retail 60

Retail Washington Groups Regulation 60

PYMNTS

MAY 24, 2019

FinCEN expects to hold events in the Washington, D.C. “The Innovation Hours Program will provide financial technology (FinTech) and regulatory technology (RegTech) companies and financial institutions the opportunity to present their new and emerging innovative products and services to FinCEN,” the organization said in the release.

Innovation 124

Innovation US Metro Washington 124

CFPB Monitor

JULY 21, 2022

CA), inserting into the NDAA a version of the “Establishing New Authorities for Business Laundering and Enabling Risks to Security Act,” otherwise more commonly known as the ENABLERS Act. in a manner that the Secretary determines appropriate to assess compliance” with the amendment.

United States 78

United States Taxes Regulation Compliance 78

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

FICO

OCTOBER 11, 2018

Today marks the release of the first quarterly Assessment of Business Cybersecurity, at the Chamber’s Seventh Annual Cybersecurity Summit in Washington, DC. Organizations that want to learn more about their specific security performance can register for a free subscription to the FICO Cyber Risk Score.

DC 68

DC National Security Survey 68

FICO

DECEMBER 20, 2022

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. Buy-Now-Pay-Later Will Win on Customer Experience but Needs Enhanced Security. The P2P App Scam Crisis Will Not Go Away.

Fraud 52

Fraud Payments South Carolina Compliance 52

PYMNTS

MARCH 2, 2020

New Jersey joins Washington, Illinois and other states and regions in introducing data privacy laws. The California Consumer Privacy Act went into effect in January, and the European Union’s General Data Protection Regulation ( GDPR ) went into effect in 2018.

NJ 249

NJ New Jersey Regulation Data 249

PYMNTS

JUNE 12, 2019

Facebook is also being sued by the attorney general of Washington, D.C., Facebook has been against any efforts to hold Zuckerberg personally accountable as part of the settlement, the news outlet reported. Karl Racine, over the Cambridge Analytica scandal.

Washington 134

Washington Maine Data Report 134

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 just accepted a position on the Consumer Advisory Board of the CFPB. I have a lot to learn! So what do you think I should focus on?

Innovation 58

Innovation DC FDIC Strategy 58

Independent Banker

DECEMBER 28, 2015

The rule expands HMDA’s scope to apply to all loans, both closed- and open-end, secured by a dwelling (business-purpose loans are covered if they are home purchase loans, home improvement loans or refinancings). The data collection under the revised rule will be required beginning Jan. 1, 2018, with reporting of data beginning in 2019.

Report 70

Report Data Software Washington 70

Independent Banker

DECEMBER 13, 2015

Community banks face yet another set of regulatory requirements with the recently revised Regulation C reporting rule implementing the Home Mortgage Disclosure Act. The final rule also expands the types of reportable loans, including all loans or lines of credit secured by a dwelling that are for personal, family or household purposes.

Community Bank 70

Community Bank Community Resources Regulation 70

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

Independent Banker

DECEMBER 29, 2015

ICBA also is pressing regulators to use their oversight discretion to exempt community banks without legislation. Like many community banks, Sjulin says West Gate Bank is fortunate enough to be family-owned for 35 years and has a secure 11 percent core capital. Karen Epper Hoffman is a freelance financial writer in Washington state.

Community Bank 70

Community Bank Community Capital Lending 70

Abrigo

SEPTEMBER 25, 2023

Download 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.,

Puerto Rico 243

Puerto Rico Virgin Islands Guam United States 243

Independent Banker

SEPTEMBER 30, 2021

Building trust in your institution has a lot to do with technology, from implementing strong data security practices to humanizing your online customer interactions. Penetration testing, or pen testing for short, has become a staple of bank IT security programs because hacking threats are constantly evolving. Elizabeth Judd.

Community 139

Community Community Bank social media Security 139

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”). Click here to subscribe to Money Laundering Watch.).

Pennsylvania 60

Pennsylvania Security New Hampshire Texas 60

Independent Banker

JULY 8, 2015

Inclusive Communities Project —centered on the interpretation of the Fair Housing Act, which protects consumers from discrimination when they are renting, buying or securing financing for any housing. The bottom line is that community banks remain fully committed to fair lending and have strong compliance systems in place.

Washington 70

Washington Policies Community Community Bank 70

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. In 2011, the U.S.

US 100

US Payments Course System 100

PYMNTS

MAY 15, 2017

It should be a call to action to the cybersecurity regulators that, when innovation — even intellectually and technologically sophisticated innovation — goes off the rails, it’s time to give a good hard look with an eye to reining it way, way in. Regulating bitcoin exchanges is starting to happen in other parts of the world.

Bitcoin 155

Bitcoin Regulation Innovation Fintech 155

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. securities credit. credit secured by certain investment properties. public utilities credit.

Lending 195

Lending Data Compliance Regulation 195

Fintech Labs Insights

AUGUST 8, 2016

Compliance Science. Compliance platform for financial institutions. HQ: Seattle, Washington. Tags: Institutions, security, authentication, voice biometrics, payments, mobile. Source: Crunchbase. Latest round: $2.9 Total raised: $11.2 HQ: New York City. Source: FT Partners. Digital payments platform. Latest round: $2.8

Company 12

Company Fintech New York City blockchain 12

Gonzobanker

DECEMBER 19, 2017

Heavy-handed regulators. 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. Biggest Branch ITM User Award : The Security Guard. Payments chaos.

Conference 101

Conference Industry Community Bank Community 101

Fintech Labs Insights

APRIL 4, 2016

Bluefin Payments received $6 million to expand its secure payment system. HQ: Fort Washington, Pennsylvania. Tags: SMB, payments, security, merchants, acquiring, FinDEVr alum. Stratumn grabbed $670,000 for its blockchain services. Here are the fintech deals by size from 26 March to 1 April 2016: Ceridian. Latest round: $10.03

New York City 12

New York City Company Fintech California 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. Trending: How EU Regulators Are Complicating SCA Compliance (Ekata PSDS Tracker). And its investment in MercadoLibre, a Latin American retailer, dropped 10 percent.

Cards 116

Cards Online Houston Digital Banking 116

CB Insights

MAY 23, 2019

Zenefits skirts compliance regulations. After a comprehensive investigation by the Securities and Exchange Commission, Holmes was banned from the laboratory testing industry for two years and was ultimately charged with wire fraud by the Department of Justice in summer 2018. Zenefits skirts compliance regulations.

Fraud 78

Fraud Las Vegas Company Video 78

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

CB Insights

JULY 23, 2020

Beyond the office: cybersecurity and at-home network security. Biometrics — which measure a person’s physical characteristics, such as fingerprints or voice patterns — are often more secure than other authentication options, more convenient for customers, and more cost-effective for businesses. Bathrooms: autonomous cleaning solutions.

Meeting 101

Meeting Tools Survey Company 101

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. Regulator Award. FFIEC’s Cyber Security Self-Assessment Tool. Somebody-Call-the-Whaambulance Award. Demo Quote.

Community Bank 60

Community Bank Apple Community Technology 60