CFPB Monitor

FEBRUARY 20, 2019

The Advisory Panel was formed in 2017 to identify actionable steps for improving state licensing, regulation, and non-depository supervision and for supporting innovation in financial services. It has 33 fintech company members that engage with the CSBS Emerging Payments and Innovation Task Force and other state regulators.

Fintech 68

Fintech Conference Survey Regulation 68

PYMNTS

SEPTEMBER 20, 2018

The financial services (FinServ) market is, by far, ahead of other industries when it comes to blockchain innovation and adoption, according to data released this year by PricewaterhouseCoopers (PwC). Asia is a particularly strong area of blockchain innovation, according to PwC, which predicted in its report that China will outpace the U.S.

blockchain 188

blockchain Innovation Tools Survey 188

PYMNTS

FEBRUARY 21, 2018

Singapore stepped onto the global stage as a world leader in blockchain innovation in recent months. Perhaps it isn’t surprising that analysts are now musing about how to avoid a repeat of the Punjab National Bank fraud scandal, and some are looking towards blockchain to do so. United States.

blockchain 130

blockchain Los Angeles Regulation Oregon 130

Gonzobanker

MARCH 21, 2024

According to Patrick Reily, co-founder of Uplinq , a technology firm that helps small business owners gain access to fair and ethical credit, “Using the FDIC’s definition, 80% of the small businesses in the U.S. Banks need to educate small businesses, regulators and themselves. The problem is even worse in 2024. are ‘underserved.’”

Lending 78

Lending How To Capital Data 78

PYMNTS

AUGUST 24, 2019

As new PYMNTS research documents, over the past year, 18 Major League Baseball (MLB), National Basketball Association (NBA), National Football League (NFL) and Major League Soccer (MLS) arenas have deployed biometric solutions by CLEAR. Attendance at NFL games declined from approximately 17.8 million people in 2016 to 17.2

Payments 161

Payments social media Mobile Seattle 161

PYMNTS

DECEMBER 6, 2017

And, much to the relief of corporates, the continuing focus on B2B payments innovation. We are definitely seeing more innovation in the cross-border B2B space in the last two years than we have ever before,” he recently told PYMNTS. “We The evolution of blockchain-based services. Collaboration between FinTechs and banks.

Payments 183

Payments blockchain Innovation Fintech 183

PYMNTS

SEPTEMBER 11, 2018

The Dubai Financial Services Authority (DFSA) and the Monetary Authority of Singapore (MAS) have signed onto efforts “that provide a framework for cooperation and referrals between the innovation teams of each authority.” There are 180 partnerships in place already, said Xero, with a roster that includes Barclays and National Australia Bank.

Fintech 161

Fintech Big Data Tools Management 161

PYMNTS

OCTOBER 24, 2018

When it comes to data privacy, it’s not all about General Data Protection Regulation (GDPR), and it’s not all about Europe. The aim may be to foster data privacy and protection while making sure that innovation can take place — but how to get there is open for debate, and some stakeholders want a national data-privacy law in place.

Data 122

Data US California Guidelines 122

PYMNTS

SEPTEMBER 4, 2020

Quick-service restaurants (QSRs), fast casual eateries and fast-food drive-thrus keep dominating headlines throughout the pandemic as a nation is understandably obsessed with staying fed on lockdown and after, when breathing the open air still feels oddly risky. There’s no way to translate that feeling to an open-air parking lot.

Boston 205

Boston San Francisco New York City Portland 205

Abrigo

DECEMBER 10, 2019

According to the National Council on Aging (NCOA) this heartless crime is most likely under-reported due to the victims’ fear, shame and embarrassment. To determine the definition and reporting requirements for your state, Eversafe.com has an interactive map showing the laws for the United States. BSA Rules and Regulation.

Fraud 284

Fraud Study United States Training 284

CFPB Monitor

SEPTEMBER 24, 2019

In Madden , the Second Circuit ruled that a purchaser of charged-off debts from a national bank was not entitled to the benefits of the preemption of state usury laws under Section 85 of the National Bank Act (NBA).

Colorado 60

Colorado National Policies Lending 60

PYMNTS

FEBRUARY 28, 2020

PYMNTS’ Credit Union Innovation Index found 65 percent of CU members chose credit unions as their primary financial institutions (FIs) because they trusted them, compared to 45 percent of non-CU members who said the same. The regulation applies to businesses, which it defines as any organization operating for profit.

Data 131

Data California Security Pennsylvania 131

PYMNTS

MARCH 16, 2017

Meanwhile, each particular geographic market has its own set of regulations, geopolitical and compliance demands. These five pain points Althaus identified are not new revelations: The B2B payments space is notorious for being slow, expensive and seemingly allergic to innovation. Time For Change.

Marketing 109

Marketing Payments Compliance Innovation 109

PYMNTS

OCTOBER 19, 2017

To gain insight into KTFCU’s strategy for addressing the needs of a small member base, PYMNTS recently spoke with David Underwood, treasurer and manager of KTFCU , who explained how the credit union balances innovation and maintaining an old-school reputation. ‘A Member-driven Innovation. A Small Pond to Fish in’.

Innovation 108

Innovation Tennessee Resources Regulation 108

PYMNTS

SEPTEMBER 22, 2017

B2B: The trillion dollar industry that gets overshadowed in innovation by consumer gee-wizardry tech, B2B is gaining more attention by the day. Across the pond, estimates Innovate Finance and Pitchbook, the B2B FinTech market has gotten nearly half of all FinTech funding in the European Union through the past year. Just sayin’.

US 108

US Apple Innovation Regulation 108

PYMNTS

MAY 10, 2016

We were definitely concerned by the scale of the problem,” the executive said, adding that the financial losses reported by these companies in the survey are “staggering.”. Ashdown said government regulation can be a first line of defense for these businesses when combating invoice fraud. Invoice fraud is definitely a global problem.

Fraud 100

Fraud Compliance Security Industry 100

PYMNTS

MAY 11, 2020

But as restaurants have struggled in the midst of the global health crisis and have been forced to shut down their dining rooms by social distancing regulations, they’ve complained of feeling less than helped by delivery aggregators that often can charge commission fees as high as 30 percent. And in some cases, feeling litigious.

San Francisco 161

San Francisco New York City Survey Seattle 161

PYMNTS

JANUARY 31, 2018

That brief was filed on behalf of the entities Retail Litigation Center, the National Retail Federation, the National Association of Convenience Stores, the National Association of Shell Marketers and others, including Walmart and Home Depot. Last month, retail associations filed a joint amicus brief in the case.

Cards 102

Cards Marketing National Retail 102

PYMNTS

OCTOBER 14, 2016

In Turkey, however, bitcoin stakeholders are one group that is definitely not able to relax as they face the blocking of many online services by Turkish authorities. Bitcoin Regulations. Bitcoin regulation, as Turkey is emphasizing, is a bane in bitcoin’s behind. Sounds like the two sides need to just chill. But until then….

Bitcoin 100

Bitcoin Conference New Hampshire blockchain 100

CFPB Monitor

JUNE 25, 2020

On May 20, 2020, the OCC issued a final rule to “strengthen and modernize” its existing Community Reinvestment Act (“CRA”) regulations. Until compliance with the final rule, national banks and federal savings banks must comply with the OCC’s current rule. This is the second in a series of five blog posts about the final rule.

Community 97

Community Lending Meeting Retail 97

CFPB Monitor

OCTOBER 13, 2020

We recently published a blog about the OCC’s proposed rule “National Banks and Federal Savings Associations as Lenders” (the “Proposed Rule”), which would clarify that a bank (or savings association) is properly regarded as the “true lender” when, as of the date of origination, it is named as the lender in a loan agreement or funds the loan.

Lending 60

Lending Colorado FDIC National 60

CFPB Monitor

MARCH 8, 2017

Comptroller Curry’s remarks focused primarily on the OCC’s fintech charter proposal , which he defended against a number of attacks from state regulators, consumer advocates, as well as industry opponents. Comptroller Curry said that the OCC definitely has authority to grant special purpose charters without new legislation.

Conference 74

Conference Policies New York City Data 74

Abrigo

MAY 8, 2024

Takeaway 3 Regulators are closely watching expanded uses of AI and generative artificial intelligence. That compares to 39% of global or national banks with more than $10 billion in assets. Another reason for reluctance about generative AI is the highly regulated nature of banking. GenAI is seeing varied use cases in banking.

Examples 195

Examples Fraud Resources Risk Management 195

PYMNTS

JANUARY 27, 2020

The change may have been telegraphed more than a year ago in October 2018, when Mick Mulvaney, who had been serving as acting director of the agency, said that the CFPB was working on a new regulation to define those practices, as reported in The Wall Street Journal. Digital Taxes, Abroad.

New York 179

New York Taxes California Conference 179

Tomorrow's Transactions

NOVEMBER 29, 2016

Naturally I refer to this time because the Internet, mobile phones and online commerce are creating a vortex that is sucking in monetary innovation at an accelerating rate. They might even look at some form of shared ledger solution, where copies of the “national ledger” are maintain by regulated financial institutions (e.g.,

Industry 30

Industry National Case Study Community 30

CB Insights

MAY 8, 2018

Innovations in camera technology have had significant impacts on the growing use of drones. Fortunately, conservationists are adopting innovative methods to protect and study our global ecosystems. DJI Innovations has been a leader within the conservation space, allowing teams to conduct research without disturbing natural habitats.

Exercises 78

Exercises Data Technology Industry 78

Gonzobanker

DECEMBER 22, 2015

Bank Innovation named Jill one of the 10 most innovative CEOs in banking for 2015, and we doubt that Bank Innovation would know who Jill is if not for her presence on Twitter. Regulator Award. And definitely include a meme. Jill’s use of Twitter is a model for any bank CEO looking to engage on social media.

Community Bank 60

Community Bank Apple Community Technology 60

CB Insights

JUNE 11, 2018

investment fund dedicated to startups innovating in the AV space. While Baidu has extensive expertise in high-definition (HD) mapping and AI, it lacks driver data that competitors such as Waymo and Tesla have collected from vehicles on public roads. The China advantage.

Google 71

Google Industry Software Data 71

Tomorrow's Transactions

DECEMBER 7, 2016

Hence I couldn’t resist asking their Lordships whether the transport secretary’s announcement on this very same day of some sort of national travel smart card today was an attempt to introduce an identity card by the back door…. From Still practising | Consult Hyperion.

blockchain 30

blockchain Case Study Cards Bitcoin 30

PYMNTS

AUGUST 19, 2016

Corporate payments innovation tends to stick with the obvious transactions: payments to suppliers, business partners, employees and the like. Without proper documentation of that transaction, corporations can run afoul of tax regulators and auditors. It’s all about money flowing outside of the corporation. ” How To Fix It.

Company 100

Company Taxes Regulation Examples 100

CB Insights

FEBRUARY 28, 2019

And he definitely liked the company’s “most unusual” executive compensation plan, which he wrote, “warms my heart.” When Buffett invests, he is not looking at the innovative potential of the company or, in a vacuum, its growth potential. While Buffett recognized that shoes were a tough industry, he liked that H.

Omaha 78

Omaha Company Capital Management 78

CB Insights

SEPTEMBER 4, 2018

Closer look: The Geely-owned Volvo car brand has placed an emphasis on safety innovations when it comes to developing self-driving passenger vehicles. Closer look: In early 2015, Ford announced its “Smart Mobility Plan” to push the company forward in innovative areas including vehicle connectivity and autonomous cars.

System 78

System Technology Michigan California 78

PYMNTS

JULY 15, 2019

And regulators in the U.S. Tomorrow, July 16, Marcus will go to Washington for the first of what will likely be an ongoing series of meetings with global regulators and legislators. But will regulators want to come to the table – or is it more likely they will want to shut it down? Regulators in first-world places like the U.S.,

Regulation 100

Regulation cryptocurrency Policies blockchain 100

CB Insights

FEBRUARY 16, 2018

To combat this issue, the Innovative Genomics Institute (IGI) at UC Berkeley is applying CRISPR to create disease-resistant cacao. Regulators have shown little resistance to gene-edited crops, and the United States Department of Agriculture (USDA) in particular is not regulating the space. Leading chocolate supplier MARS Inc.

System 78

System Study Industry Tools 78

FICO

DECEMBER 15, 2020

Since the FCC’s 2015 broad definition of Automatic Telephone Dialing System (ATDS) was struck down by the DC Court of Appeals, a steady stream of class action lawsuits have resulted in a number of conflicting decisions and a split among the courts. BSA/AML Reforms Are on their Way - Even With a Looming Presidential Veto.

Policies 52

Policies Washington DC Regulation 52

CB Insights

FEBRUARY 16, 2018

To combat this issue, the Innovative Genomics Institute (IGI) at UC Berkeley is applying CRISPR to create disease-resistant cacao. Regulators have shown little resistance to gene-edited crops, and the United States Department of Agriculture (USDA) in particular is not regulating the space. Leading chocolate supplier MARS Inc.

System 40

System Study Industry Tools 40

PYMNTS

DECEMBER 14, 2016

Peter is an industry leader, innovator and a person who cares deeply about the power of the people,” Trump commented earlier this week, adding that he values Thiel’s views on important issues. I think there will definitely be a push for less regulation of small businesses, some sort of fiscal stimulus.

Capital 100

Capital Apple Policies Innovation 100