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. Model management continues to present financial institutions with new compliance obstacles.

Compliance 40

Compliance DC Washington Regulation 40

Abrigo

FEBRUARY 25, 2022

The year 2021 saw a continuation of pandemic policies and changes, a new administration in Washington , and regulatory reform from the Financial Crimes Enforcement Network ( FinCEN ). House of Representatives advanced the Secure and Fair Enforcement (SAFE) Banking Act to the Senate for the sixth time. 10 NBFI AML Compliance Essentials.

Regulation 195

Regulation Policies Compliance Washington 195

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

Insights on Business

FEBRUARY 21, 2019

Optimizing risk, compliance and security. Too often cloud adoption can just happen, and security teams are asked reactively to make it secure and compliant. But it is possible to gain control and establish a proactive foundation of well governed, compliant security upon which these cloud projects can be built and managed.

Innovation 79

Innovation Seattle blockchain Customer Experience 79

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

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. The SEC indicated over the summer that securities laws might apply to the digital coins.

cryptocurrency 101

cryptocurrency Regulation System Washington 101

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. Other figures also point to how much consumers are spending on legal retail pot.

Retail 154

Retail Colorado Regulation Compliance 154

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

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

PYMNTS

JULY 29, 2019

The company introduced a new open banking platform in June that supports connectivity, security and compliance, dispute resolution and consulting services.

Payments 117

Payments Portland Oregon United States 117

Gonzobanker

NOVEMBER 22, 2022

While the regulators and Congress were spit-balling a determination on whether crypto is a security, a commodity, or a currency, the continued collapse of crypto-related entities reveals that everyone in power has been flat-footed in their policy response to digital assets.

Regulation 178

Regulation blockchain Marketing Strategy 178

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. While the U.S. AML Professionals and executives alike, hold on tight.

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

TrustBank

JUNE 3, 2020

There are three main contributors: The first is that, despite weak compliance from OPEC in May, the market anticipates that the OPEC+ coalition will extend the production cuts through July or August. Washington Trust Bank believes that the information used in this study was obtained from reliable sources, but we do not guarantee its accuracy.

US 81

US Washington Meeting Maine 81

PYMNTS

DECEMBER 12, 2019

Securities and Exchange Commission is turning its attention to a lack of transparency within corporates’ investor disclosures as more businesses use supply chain financing. 10) during the American Institute of CPA’s (AICPA) annual conference, held in Washington D.C.

Tools 145

Tools Report Washington Strategy 145

CFPB Monitor

OCTOBER 9, 2018

As we reported previously , in June 2018 Zillow Group (Zillow) announced that it is no longer under investigation by the CFPB for Real Estate Settlement Procedures Act (RESPA) and UDAAP compliance with regard to its co-marketing program.

Fraud 68

Fraud United States Security Marketing 68

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?

Policies 52

Policies Las Vegas FDIC Washington 52

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

American Banker

FEBRUARY 24, 2020

Recent proposals considered or passed by legislatures around the country grant banks certain exemptions, but they differ from state to state and may pose new compliance headaches.

Compliance 69

Compliance New York Illinois Washington 69

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. A Critical Reality Check.

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

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

FEBRUARY 16, 2023

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%). A cluster of states in the northeastern US accounted for an additional 29%, and included New York, New Jersey, Pennsylvania, Maryland and Virginia.

Cards 98

Cards US Data Fraud 98

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

PYMNTS

APRIL 27, 2016

There are issues of transaction security, criminal elements, tax evasion, free flow of capital, access to goods and services and the ability to fully participate in the global economy. Now legal in 23 states, with recreational use also legal in Alaska, Colorado, Oregon and Washington, marijuana is very much still a cash-based business.

Taxes 100

Taxes Colorado Alaska Cards 100

PYMNTS

DECEMBER 14, 2020

We stand by our record of providing upfront information and clear controls, strong internal data governance, secure infrastructure, and above all, helpful products.”. “People who use Google expect us to respect their privacy, whether they have a Google account or not,” a representative for Google said, per the report. “We

Google 132

Google social media Compliance Regulation 132

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

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

PYMNTS

MARCH 2, 2020

New Jersey joins Washington, Illinois and other states and regions in introducing data privacy laws. The result of single-state legislation could result in a patchwork of laws that force businesses to establish state-specific compliance systems, he added. “It

NJ 249

NJ New Jersey Regulation Data 249

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

DECEMBER 13, 2015

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. A variety of new additional data points will be required after Jan.

Community Bank 70

Community Bank Community Resources Regulation 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., Guam, Puerto Rico, the Northern Mariana Islands, and the U.S.

Puerto Rico 243

Puerto Rico Virgin Islands Guam United States 243

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

Independent Banker

DECEMBER 29, 2015

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. “We don’t want to have to get rid of them. There just isn’t any value to that.”.

Community Bank 70

Community Bank Community Capital Lending 70

PYMNTS

MARCH 28, 2016

Ironically, the places with the highest check cashing fees are Maryland and Washington, D.C.). government decided to save billions of dollars by eliminating Social Security checks in favor of making them a direct deposit to a depository account. In 2011, the U.S. It’s amazing how well that worked.

US 100

US Payments Course System 100

Fintech Labs Insights

JUNE 6, 2016

Online debit card security. HQ: Bellevue, Washington. Tags: Consumer, security, payments, direct debit, online billpay. Source: FT Partners. iPad POS system for the hospitality industry. Latest round: $22.8 million Series C. Total raised: $37 million. HQ: Berlin, Germany. Source: Crunchbase. Healthcare finance platform .

Company 12

Company Fintech San Francisco New York City 12