Insights on Business

MARCH 15, 2019

Senior executives at financial services institutions have expressed the need for a stronger link between compliance and risk as stories of improper conduct and regulatory require­ments for AML, sanctions, customer fairness, data protection and privacy continue to dominate the business headlines. Key elements of an effective GRC program.

Compliance 87

Compliance Management DC Washington 87

American Banker

MARCH 20, 2024

Policy experts say the mix of proposals put forth by the White House could ease the nation's housing shortage, but success will be neither quick nor assured.

Washington 81

Washington Policies National Compliance 81

American Banker

NOVEMBER 29, 2023

The Port Angeles, Washington-based bank said it has already invested "significant resources" into enhancing its compliance management for fintech partnerships, after self-reporting a problem last year.

Examples 89

Examples FDIC Washington Compliance 89

Independent Banker

MARCH 15, 2015

Needless to say, the advocacy process with the CFPB has moved at the speed of Washington. Just as this victory serves as a reward for the hard work of our association and industry, it is also a reminder that effective advocacy in Washington is performed over years. See feature for details.).

Washington 70

Washington Community Bank Community Survey 70

Independent Banker

FEBRUARY 24, 2015

Needless to say, the advocacy process with the CFPB has moved at the speed of Washington. Just as this victory serves as a reward for the hard work of our association and industry, it is also a reminder that effective advocacy in Washington is performed over years. See feature for details.).

Washington 70

Washington Community Bank Community Survey 70

Independent Banker

SEPTEMBER 26, 2014

Advocacy & Policy Regulation / Compliance Washington Watch' If they truly want to make a difference, regulators need to use this opportunity to act, because we can’t wait another 10 years to get this right. Chris Cole ( chris.cole@icba.org ) is ICBA executive vice president and senior regulatory counsel.

Washington 70

Washington Fort Worth Regulation Community Bank 70

PYMNTS

JUNE 4, 2019

“We are really good at regulatory compliance,” Lyric Co-Founder and Chief Executive Officer Andrew Kitchell said in an interview with Bloomberg. Washington D.C. The startup is fully compliant in all 13 cities it operates in, he said. “We We don’t sneak into cities or buildings, we walk in the front door and we introduce ourselves.”.

Compliance 109

Compliance Innovation New York San Francisco 109

American Banker

APRIL 19, 2024

For the better part of the past decade, the Federal Reserve Board in Washington has played a more active role in presidential searches by regional reserve banks. The shift seems to have made the system more diverse, but some argue it's at the expense of regional bank independence.

Regional 97

Regional Washington System Policies 97

PYMNTS

DECEMBER 28, 2020

Facebook has put forward the idea of easing antitrust concerns by allowing a competitor to license access to its code and its users’ collection of relationships to allow for the easier development of a rival social platform, according to unnamed sources in a report from The Washington Post.

Compliance 148

Compliance Google Texas Apple 148

CB Insights

MARCH 4, 2022

The startup operates in the US and has teams in San Francisco, Texas, Colorado, and Washington, among other locations in the US. The post SaaS sales tax compliance software Anrok hits $100M valuation. The company’s client base includes Airbase, AgentSync, Front, Gem, Persona, Productboard, and Vanta. Want the full post?

Taxes 59

Taxes San Francisco Compliance Software 59

Perficient

SEPTEMBER 6, 2023

RELATED CONTENT : Regulatory Risk and Compliance in Financial Services Share Your Thoughts With OCC Regulators by November 30, 2023 You may submit comments to the OCC by any of the methods set forth below. These requirements, with a balance sheet depletion allowance of 0.5 Comments must be received on or before November 30, 2023.

Regulation 221

Regulation DC Capital Washington 221

American Banker

AUGUST 8, 2023

The payment giant's entry into the stablecoin market is expected to renew the debate over the appropriate regulatory oversight for digital tokens. It could also have ripple effects in areas such as the debate over instant payments.

Washington 36

Washington Payments Marketing cryptocurrency 36

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

American Banker

DECEMBER 28, 2020

Coastal Community in Washington is an investor in and the first client of Synctera, a software company that aims to help community banks manage their fintech relationships, including regulatory obligations.

Compliance 56

Compliance Washington Community Bank Community 56

Independent Banker

SEPTEMBER 25, 2014

This is particularly true for community banks preparing to undergo their next regulatory safety and soundness or compliance examination. As David Barr, spokesperson for the FDIC, points out, “a vast majority of community banks remain well-rated and exhibit satisfactory corporate governance programs and compliance management systems.”.

Compliance 101

Compliance Regulation Community Bank Community 101

American Banker

MARCH 4, 2024

Banco San Juan Internacional is suing the Federal Reserve Bank of New York and the Board of Governors in Washington claiming they wrongfully terminated its access to the federal payments system.

Washington 78

Washington New York System Payments 78

American Banker

OCTOBER 27, 2020

In addition to the fine, the institution is required to improve its compliance systems. The agency found a 40% error rate in the 2016 data submitted by the Seattle bank.

Washington 32

Washington Seattle Compliance System 32

American Banker

FEBRUARY 24, 2024

His message was especially notable because it was aimed at smaller institutions that have gotten less scrutiny from Washington. Surprise overdraft fees and charges incurred by consumers who cash bad checks likely violate the law, state Attorney General Rob Bonta said.

California 78

California Washington Community Bank Community 78

PYMNTS

APRIL 16, 2018

HP is reportedly stepping into the cannabis industry with a new partnership to provide businesses with financial management software, according to The Washington Post. According to the publication, Flowhub will provide compliance, regulatory and reporting support for cannabis companies. The publication cited data from Cowen & Co.

Software 102

Software Marketing Washington Compliance 102

PYMNTS

NOVEMBER 16, 2020

Like Washington, Beijing has a love-hate relationship with its tech champions,” Trivium China Partner Kendra Schaefer said, per CNBC. Watchdogs have already gotten involved in some areas and are now bolstering those initiatives. Australia Mulls Competition Implications for Consumer Data Right (CDR).

Maryland 151

Maryland Taxes Online Groups 151

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 ). You may find that your institution needs help from risk-management software to devote more s taff hours to creating a culture of compliance. Learn More.

Regulation 195

Regulation Policies Compliance Washington 195

Payments Source

MARCH 11, 2021

went after Visa and Mastercard during an antitrust hearing Thursday in Washington, suggesting the card brands have likely been looking for a way to increase fees and offset previous legal or regulatory pressure on their pricing structures. Dick Durbin, D-Ill.,

Branding 158

Branding Cards Washington Compliance 158

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

TheGuardian

SEPTEMBER 28, 2020

The move comes after the lender was caught in the middle of rising diplomatic tensions between Washington and Beijing and as it attracts fresh criticism for its money-laundering compliance procedures. Continue reading.

Washington 75

Washington Compliance US Management 75

PYMNTS

OCTOBER 19, 2020

And so I made some mistakes — you know, just saying, ‘Hey, I never go to Washington, D.C.’ “I was naïve at Microsoft and didn’t realize that our success would lead to government attention,” Gates said, as per CNBC. And now I don’t think, you know, that naivete is there.”.

Taxes 143

Taxes Compliance Regulation Google 143

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

MAY 3, 2020

The Dallas-based hotel nexus received $76 million, according to data compiled by The Washington Post. The public outcry that the money should have gone to the neediest of businesses prompted the hospitality group to announce it would return the bulk of the money. The hotel group’s Ashford Inc.,

Texas 167

Texas Groups Los Angeles Dallas 167

American Banker

JULY 2, 2023

How regulators shore up banks without driving their customers away is the source of a spirited philosophical debate in Washington. Higher capital requirements tend to drive certain lending activities away from banking and toward so-called shadow banks.

Capital 87

Capital Regulation Washington Lending 87

ABA Community Banking

JULY 24, 2015

SNL Report: Unexpectedly, small lenders gain market share under QM Retail Banking Compliance Mortgage CFPB.

Washington 40

Washington Compliance Retail Marketing 40

American Banker

APRIL 29, 2016

WASHINGTON – Financial regulators are proposing changes to their standards for evaluating institutions’ compliance with consumer protection rules to account for the evolution in supervisory approaches since the standards were adopted in 1980.

Compliance 28

Compliance Regulation Washington FDIC 28

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

AUGUST 1, 2019

Investigators from the Federal Reserve carried out an inspection of Amazon ’s cloud in April as Washington looks into ways to regulate companies that provide the service. While Washington wants to find a way to regulate them, tech giants are resisting.

Regulation 108

Regulation Washington Virginia Seattle 108

American Banker

AUGUST 8, 2022

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Washington 79

Washington cryptocurrency Compliance Regulation 79

American Banker

AUGUST 17, 2023

The small bank in eastern Washington State violated its commitment to regulators by helping the crypto company issue stablecoins. Earlier this year, the bank opted to dissolve itself.

Washington 69

Washington Regulation Company Policies 69

Payments Source

JANUARY 12, 2021

and GiveSendGo have parted ways after the Christian crowdfunding site helped raise funds for people who attended last week’s violent event in Washington. PayPal Holdings Inc.

Washington 109

Washington Compliance 109

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