CFPB Monitor

JUNE 11, 2019

Utah Governor Gary Herbert signed H.B. The sponsor of Utah’s legislation, Rep. ” Utah’s regulatory sandbox, which is effective as of May 13, is similar in many respects to Arizona’s sandbox, which began accepting applications in August 2018 and now has six participants. 378 , Regulatory Sandbox, into law on March 25, 2019.

Utah 60

Utah Arizona Regulation Innovation 60

CFPB Monitor

MAY 4, 2022

The CTDPA follows the form and content of other privacy laws passed in the prior year, including the Colorado Privacy Act (CPA), Virginia Consumer Data Protection Act (VCDPA), and Utah Privacy Act (UPA). California, of course, passed the California Consumer Privacy Rights Act (CPRA) via ballot initiative in 2020. Biometrics.

Connecticut 148

Connecticut Utah Colorado California 148

CFPB Monitor

FEBRUARY 16, 2022

During the week of February 7, 2022, bills were introduced in Utah and Maryland that would require disclosures in commercial transactions. Compliance obligations are not likely to arise in any of the other states before the third quarter of 2022. On February 1, 2022, Mississippi ’s commercial disclosure bill died in committee.

North Carolina 78

North Carolina Missouri Maryland Mississippi 78

Payments Source

NOVEMBER 15, 2018

Now that states such as Michigan, Utah and Missouri voted in favor of legalization in this year's midterms, legal marijuana is poised to become a growth industry.

Missouri 112

Missouri Utah Michigan Data 112

American Banker

MARCH 16, 2023

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Utah 69

Utah FDIC Compliance Regulation 69

American Banker

MAY 4, 2023

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Utah 52

Utah Community Bank Community Compliance 52

PYMNTS

NOVEMBER 1, 2017

State and federal regulators, including the Consumer Financial Protection Bureau (CFPB) are working to hold marketplace lending platforms accountable to usury law compliance, the publication noted, under the argument that the platforms are the true lenders.

Massachusetts 128

Massachusetts Utah National Regulation 128

BankInovation

JULY 2, 2021

Federal Reserve Vice Chair for Supervision Randal Quarles’ to the Utah Bankers Association Convention this week, in which he compared central bank digital currency (CBDC) to the ill-conceived parachute pants of the 1980s. This week, Bank Automation News discusses comments made by U.S.

Utah 59

Utah Compliance Regulation 59

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. In addition to “true lender” threats, non-bank participants in bank-model programs will continue to face state licensing threats.

California 78

California Innovation Utah West Virginia 78

CFPB Monitor

JUNE 2, 2022

In any event, if implemented in their proposed form, the CPRA regulations will require a substantial expansion of privacy compliance operations for many businesses subject to the law. The details, potential compliance problems, technical requirements, and unanswered questions are far too numerous to address in a single blog post.

Regulation 78

Regulation California Exercises Compliance 78

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

OCTOBER 30, 2014

The LO Compensation Rule was adopted by the Fed in 2010 and had a mandatory compliance date of April 6, 2011. On October 27, the mortgage company filed a motion to dismiss the RESPA, Utah unjust enrichment and California UCL claims. The CFPB’s January 2013 loan originator compensation rule, which is effective.

Utah 83

Utah Company California Regulation 83

CFPB Monitor

SEPTEMBER 21, 2015

Allen, Chief Compliance Officer, Bank of American Fork, American Fork, Utah. Quick, Vice President of Compliance, First Hope Bank, N.A., Katey Proefke – Assistant Vice President of Compliance, Chevron Federal Credit Union, Oakland, Calif. Joshua Zinner, Co-Director, New Economy Project, New York, N.Y. Kathleen J.

Groups 60

Groups Los Angeles San Francisco Community Bank 60

CFPB Monitor

SEPTEMBER 12, 2019

The Bureau expresses its agreement with commenters on its sandbox proposal “that the present lack of an interpretive letter or advisory opinion program represents a gap in the Bureau’s plans for providing compliance assistance to stakeholders under the Federal consumer financial laws.” Product Sandbox. NAL Policy.

Policies 60

Policies Compliance Regulation South Carolina 60

American Banker

FEBRUARY 26, 2016

The nation's largest marketplace lender announced changes Friday to its partnership with Utah-based WebBank. The revisions are designed to preserve Lending Club's ability to ignore state interest rate caps.

Lending 28

Lending Utah National Digital Banking 28

Independent Banker

OCTOBER 1, 2022

But as the prevalence of security breaches grows, so do the opportunities for community banks to position themselves as guardians of their customers’ personal data through compliance, technology and relationship building. By Katie Kuehner-Hebert. Data privacy and security is a hot topic and is only getting hotter.

Data 91

Data How To Community Bank California 91

Independent Banker

OCTOBER 31, 2022

billion-asset Sunwest Bank in Sandy, Utah. While AI could be applied to any layer in the tech stack, from back office, to customer facing, start with the back office including document processing, compliance verification and fraud detection,” says Sarah Hovde, head of investor relations at BankTech Ventures.

Community Bank 91

Community Bank Community Customer Experience Data 91

PYMNTS

AUGUST 14, 2018

. “If the White House does this, it will be manipulating the Military Lending Act regulations at the behest of auto dealers and banks to try and make it easier to sell overpriced rip-off products to military service members,” said Christopher Peterson, a law professor at the University of Utah, who reviewed the documents. “It

Lending 100

Lending Regulation Kentucky Utah 100

CB Insights

JULY 20, 2017

Raken provides a construction management platform for handling workflow and compliance reporting at job sites. George, Utah. Work Today. Headquarters: Santa Monica, California. Disclosed Funding: $1.4M. Select Investors: E-MERGE, GAN Ventures, Social Capital. Headquarters: St. Disclosed Funding: $1.3M.

San Diego 48

San Diego New York California Louisiana 48

Gonzobanker

DECEMBER 17, 2021

Simultaneously the bank invested in Paladin Fraud, Trabian Technology, and Chartwell Compliance to provide compliance and risk management solutions in the complex and connected web of fintech partnerships. The Gonzo Inn in Moab, Utah! GonzoBanker of the Year – Bank. The Perfect Hotel for GonzoBankers.

Fintech 147

Fintech Strategy Leadership Lending 147

Fintech Labs Insights

JUNE 25, 2015

Payments risk & compliance management. HQ: Salt Lake City, Utah. Tags: Payments, risk, compliance, SMB, merchants, cards, acquiring. HQ: Palo Alto, California. Latest round: $12 million. Total raised: $21.5 Source: FT Partners. Canopy Tax (formerly Beanstalk). Tax & accounting practice management.

Puerto Rico 12

Puerto Rico St. Louis Fintech Company 12

FICO

JUNE 14, 2021

BNPL companies themselves typically don’t bear the risk of losses from defaults or fraudulent loans; for example, Affirm and Square loans are issued through Celtic Bank, a Utah-chartered industrial bank. Who Shoulders the Risk?

Fraud 52

Fraud Cards Millennials Utah 52

Gonzobanker

DECEMBER 19, 2016

A “Making a Difference” Nod – Goes to S andy Dubois, executive secretary at People’s Utah Bancorp in American Fork, Utah, for her work in establishing “Project Teddy Bear.” Project Teddy Bear collects stuffed animals and gives them to at-risk children in Utah. Small things can make big differences.

Utah 60

Utah System Community Marketing 60

Gonzobanker

DECEMBER 19, 2016

A “Making a Difference” Nod – Goes to S andy Dubois, executive secretary at People’s Utah Bancorp in American Fork, Utah, for her work in establishing “Project Teddy Bear.” Project Teddy Bear collects stuffed animals and gives them to at-risk children in Utah. Small things can make big differences.

Utah 60

Utah System Community Marketing 60

Fintech Labs Insights

APRIL 4, 2016

HQ: Salt Lake City, Utah. Tags: Financial institutions, mortgage brokers, consumer lending, analytics, underwriting, compliance, regulations. Latest round: $10.03 Total raised: $22.46 HQ: Fort Washington, Pennsylvania. Source: Crunchbase. Consumer investing service. Latest round: $10 million Seed. Total raised: $10 million.

New York City 12

New York City Company Fintech California 12

CB Insights

FEBRUARY 13, 2020

These APIs handle everything from acceptance and processing to settlement and reconciliation, while ensuring compliance and security. This process also comes with hurdles like regulations, fees, compliance standards, and payment card issuers — all of which become increasingly complex for international transactions.

Online 98

Online Company Retail Payments 98

Fintech Labs Insights

JANUARY 18, 2016

HQ: Provo, Utah. Tags: Enterprise, investing, trading, risk management, security, compliance. Derivative risk management. Latest round: $7 million Debt. Total raised: Unknown. HQ: Surrey, British Columbia, Canada. Source: Crunchbase. Blockchain technology for securities. Latest round: $7 million. Total raised: $7 million. Lift Credit.

Company 12

Company New York City Fintech San Francisco 12

Fintech Labs Insights

JULY 18, 2023

Founded in late 2016 by Blake Murray and Alex Bean, the Lehi, Utah-based startup went from founding to a $2.3 The platform can automatically enforce these policies to ensure compliance. Divvy is one of the biggest fintech success stories of the 2020s. billion exit in just 4.5

Management 15

Management Cards Software Utah 15

Fintech Labs Insights

JANUARY 9, 2023

Founded in late 2016 by Blake Murray and Alex Bean, the Lehi, Utah-based startup went from founding to a $2.5 Timeline of a fintech rocket ship: September 2016: Founded in Lehi, Utah by Blake Murray and Alex Bean. The platform can automatically enforce these policies to ensure compliance. billion exit in just 4.5

Management 15

Management Cards Software Utah 15

CB Insights

OCTOBER 26, 2020

Goldman Sachs began working to automate its own IPO process after it found that around half of the 127 IPO steps it identified could be done by computers — for example, making calls to compliance, making calls to legal, delivering price updates to clients, preparing the company’s audited financials, and so on.

Management 78

Management Capital Company Marketing 78

Fintech Labs Insights

FEBRUARY 15, 2016

HQ: Salt Lake, Utah. Tags: B2B, consumer, compliance, sales, on-boarding, UX, Silicon Valley Bank (lender). Automates client onboarding in financial services. Latest round: $1 million Debt. Total raised: $1 million Debt. HQ: Vancouver, British Columbia, Canada. Source: Crunchbase. Home & auto purchase decision-making tools.

Company 12

Company Fintech New York City Comparison 12

Fintech Labs Insights

APRIL 30, 2015

Finaeos automates the back-office and capital raise compliance. HQ: Salt Lake City, Utah. Sneak Peek Part 7: Avoka, CBW Bank, Cloud Lending Solutions, Context Relevant, Dealstruck, DriveWealth, Dwolla, Dynamics, Encap Security, EyeBuy, FIS Mobile, Kabbage, Knox Payments, Lending Tree, LendKey. See you in San Jose! Founded: 2015.

San Jose 12

San Jose Las Vegas California Tucson 12

PYMNTS

FEBRUARY 1, 2021

Susan Collins of Maine, Mitt Romney of Utah, Rob Portman of Ohio, Lisa Murkowski of Alaska and five other lawmakers wrote in a Sunday letter to Biden. The Agency is committed to making sure compliance checks are executed on the front-end. Prior to this newest PPP round, the SBA supported 5.2

Alaska 235

Alaska Utah Ohio Groups 235