PYMNTS

JULY 2, 2020

The president of the Federal Financial Supervisory Authority (BaFin), Germany’s financial regulator, said the $2.1 But EY, Hufeld and regulators are facing scrutiny over how the once high-flying company managed to escape the industry’s standard accounting rules. It is plain vanilla, old-fashioned criminal behaviour,” Felix Hufeld said.

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PYMNTS

AUGUST 4, 2020

s Competition and Markets Authority (CMA) on Tuesday (Aug. 4) ruled that Amazon’s acquisition of a 16 percent stake in Deliveroo would not significantly dampen competition as the online delivery service battles it out for market share with rivals Just Eat Takeaway, Uber Eats and Domino’s. regulator, in a press release. “We

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PYMNTS

JANUARY 26, 2021

The partnership aims to create a secondary credit market that is transparent and efficient and makes it easy to manage credit and digitally store documents, loan history and due diligence activities, preventing “information asymmetry risks,” the release stated. Diokno, Philippines’ Central Bank (BSP) governor in the release.

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CFPB Monitor

SEPTEMBER 22, 2022

The public comment period for the notice of proposed rulemaking (“NPRM”) regarding the Motor Vehicle Dealers Trade Regulation Rule (the “Rule”) closed on September 15, 2022 after the FTC declined in August to extend it. The comments from AFSA, CBA, and NADA were among the close to 27,000 comments on the proposed Rule received by the FTC.

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PYMNTS

DECEMBER 9, 2020

And new regulations are taking root or are on the horizon to help protect consumers, their data and how that data might be used. The confluence of the great digital shift, closed offices and the need for robust ID efforts can be seen in a microcosm of sorts, where Mitek is conducting selfie and document verification to help Gov.UK

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PYMNTS

DECEMBER 11, 2019

The United Kingdom’s regulator on competition and antitrust concerns has signaled that eCommerce giant Amazon’s stake in food delivery service Deliveroo may need additional examination. 11) that Britain’s Competition and Markets Authority (CMA) has said the stake raises “serious competition concerns” and may need more investigation.

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PYMNTS

FEBRUARY 17, 2020

increased regulation over content delivered online through platforms may be on the horizon. This past week, Britain’s federal government said its media regulator, known as Ofcom, would be given new oversight to monitor and regulate material posted on the web by companies such as Facebook, Google and Twitter. In the U.K.,

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South State Correspondent

JANUARY 16, 2024

With the development of the term SOFR market, BSBY offers no perceived advantages over SOFR, Fed Funds, or Prime. BSBY was not well received by US regulators from its inception, but the market eventually embraced SOFR over BSBY. No ISDA documents. The reason for the cessation of BSBY is simple – lack of use.

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PYMNTS

SEPTEMBER 2, 2020

Hufeld’s comments come one day after the Bundestag announced it plans to hold an inquiry into regulators’ failure to prevent the biggest corporate fraud since World War II. But EY has said it was provided with false documentation and suggested Wirecard may be involved in large-scale international fraud.

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PYMNTS

FEBRUARY 12, 2020

The DPC — which acts as the regulator for all of Europe — searched the social media giant’s offices in Dublin. Privacy regulators raised concerns that the new feature wasn’t compliant with the new General Data Protection Regulation (GDPR). “We In November , U.S.

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PYMNTS

JUNE 7, 2018

As financial institutions grapple with compliance costs, a finance industry organization in Asia wants regulators to allow new technologies that could help them fight money laundering. It was the second major case new CEO Matt Comyn settled with regulators in a month, following an admission of rate manipulation.

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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. People familiar with the matter said the regulators were most interested in looking at Amazon’s resiliency and backup systems.

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PYMNTS

MARCH 20, 2018

Regulators from around the world are teaming up to create a blueprint for a global FinTech “sandbox.”. Later this week we start work with interested regulators, including colleagues across Europe, the U.S. The law would enable the FinTech sector to grow through crowdfunding and common blockchain technology standards. “An

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Abrigo

OCTOBER 14, 2022

Takeaway 3 Utilize regulatory guidance to understand regulators' expectations, which are likely to include consistent stress testing. So how can banks help customers keep up in uncertain markets? Get to know regulator expectations and priorities. Have a playbook. Adapt and adjust.

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CFPB Monitor

AUGUST 10, 2021

The California Department of Financial Protection and Innovation (DFPI) has issued proposed amendments to its regulations implementing the Pilot Program for Increased Access to Responsible Small Dollar Loans (Pilot Program). Initially effective from 2014 to2018, the Pilot Program’s sunset date was extended to January 1, 2028.

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PYMNTS

MARCH 25, 2020

Competition and Markets Authority (CMA), which is the governmental agency that can approve the proposed deal, has contested two big upcoming tie ups: Amazon’s deal with Deliveroo as well as Takeaway.com’s proposed $8 billion purchase of Just Eat. As food delivery companies are surging in the U.K.

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PYMNTS

APRIL 2, 2019

And its reportedly the end of one of the first regulated exchanges for digital currencies, Gatecoin, The Next Web reported. The exchange, which was rolled out in 2013, had its main focus on ethereum, bitcoin and token markets based on ethereum.

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PYMNTS

JANUARY 26, 2020

The EU is looking to adopt new antitrust rules that will aim to give European companies more leeway in the market. Documents obtained by Reuters show that the EU wants to adopt a strategy of utilizing more aggressive trade defense instruments against companies thought to be unfairly benefiting from foreign subsidies.

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Abrigo

FEBRUARY 16, 2024

Customize documentation : Avoid a one-size-fits-all approach to documentation when it comes to the underwriting process. This will save time by ensuring that staff aren’t adding unnecessary length and detail to low-risk, low-maintenance documents. Assess and control key risk areas with an effective credit policy.

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PYMNTS

JULY 16, 2020

German market watchdog Federal Financial Supervisory Authority, or BaFin , has come under fire for its actions in the Wirecard scandal, as the regulator reportedly failed to investigate warnings about the payments firm and instead cast more scrutiny on accusers, The Wall Street Journal (WSJ) reported.

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Abrigo

MAY 2, 2022

Takeaway 3 Minor inconsistencies between policy and loan portfolio can be a red flag to regulators, so careful review is key. . Your policy should include what type of loans you are actively seeking and what loans you don’t have an appetite for so regulators understand your institution’s direction. keep me informed.

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PYMNTS

DECEMBER 18, 2020

The new regulations, if adopted after a comment period, would require banks and some other institutions to obtain and report the identities of parties engaging in certain digital transactions, including payments involving what are called "unhosted wallets" – effectively secret bank accounts that hold cryptocurrency.

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Abrigo

NOVEMBER 9, 2020

Prudential regulators have made it clear that while they will adjust supervisory strategies as appropriate to emerging risks of the pandemic, examiner scrutiny will continue assessing basic principles that ensure the safety and soundness of financial institutions. Can people access data and documents wherever the staff are located?

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Accenture

MARCH 23, 2017

I wanted to explore how investment trends in this area are impacting the industry and how the ecosystem can work with the regulator. We think about RegTech as technology that lowers the “cost” (technical, physical, monetary) of regulation by using technology. Regulators have a key role to play, too. Now—what does RegTech mean?

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Accenture

MARCH 23, 2017

I wanted to explore how investment trends in this area are impacting the industry and how the ecosystem can work with the regulator. We think about RegTech as technology that lowers the “cost” (technical, physical, monetary) of regulation by using technology. Regulators have a key role to play, too. Now—what does RegTech mean?

Regulation 150

Regulation Industry Trends Compliance 150

PYMNTS

APRIL 5, 2019

Silicon Valley-based financial services startup Earnin has potentially run afoul of New York State regulators with its payday advance product for consumers. The apps has been popular with consumers, with 10 million downloads thus far in the six years it has been on the market. About half of those were in the last year.

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PYMNTS

JULY 8, 2019

As the regulator said at a Lisbon conference, “The optimal size of the banking sector is hard to gauge, but it seems clear, though, that the European banking sector is still too large. The breaches and allegedly lax documentation come on top of billions of dollars in fines levied in the wake of scandals over sham accounts.

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PYMNTS

SEPTEMBER 22, 2016

Know Your Customer regulations can mean corporations have to wait as long as three months — yes, months — to get onboarded to a new bank. “When we look at where the market is moving, clients expect to transact globally and to trade globally, to have a cash management account in Hong Kong and an FX trading accounting the U.K.

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South State Correspondent

AUGUST 21, 2022

We compared and contrasted the two strategies and sized the market for community banks. The first decision a community bank must make in choosing a hedging program is if they will subject their commercial customers to ISDA documents. Borrowers should hire legal counsel with specific derivative knowledge to review ISDA documents.

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PYMNTS

FEBRUARY 16, 2018

Amid the talk of filling in the small business (SMB) financing gap banks have left since the financial crisis, the rush of FinTechs, alternative and marketplace lenders coming to market may have left another business segment behind: the middle market, particularly the lower middle market.

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South State Correspondent

MAY 18, 2023

At this session, one of the rules was that you could not worry about constraints – You can’t mention budget, regulation, risk, or capabilities. Tate ingests currently approved documents and provides natural language answers to our employees. Poorly structured documents cause the bulk of generative AI inaccuracies.

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CFPB Monitor

AUGUST 15, 2018

Last week the CFPB announced an initiative to create a Global Financial Innovation Network (GFIN) with 11 other financial regulators and related organizations across the globe. The GFIN working group is encouraging responses and feedback from interested parties to 10 questions posed within the Consultation Document by October 14, 2018.

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PYMNTS

SEPTEMBER 8, 2020

Britain's Competition and Markets Authority (CMA) has fined Amazon over its failure to provide documents into its purchase of Deliveroo on time, Reuters reports. The eCommerce giant was fined 55,000 pounds, or $72,364, for the offense. The deal was finally approved in August by the CMA after 16 months of waiting, Reuters writes.

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PYMNTS

JULY 6, 2020

The Big Four accounting firms will have to put their United Kingdom auditing and consulting practices in separate business units by 2024, but may keep them within the same parent companies, under regulations announced today by the Financial Reporting Council. The measures by the U.K.’s

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Regulation Report Operations Meeting 165

PYMNTS

FEBRUARY 1, 2019

Wirecard is being investigated for possible market manipulation. According to the Financial Times ( FT ), the German financial regulator and prosecutors in Munich have opened up a preliminary investigation into the payments company. The German financial regulator, BaFin , announced on Thursday (Jan.

Regulation 144

Regulation Marketing Compliance Report 144

PYMNTS

NOVEMBER 16, 2020

According to the press release, LIKEZERO will help to boost a new, more intelligent level of insight, helping banks, financial institutions (FIs) and other regulated businesses to analyze and extract insight and data from clients' clients.

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PYMNTS

NOVEMBER 3, 2020

3), stock exchanges in Shanghai and Hong Kong have suspended the looming IPO (initial public offering) in Ant Group, citing regulatory changes in the financial services landscape — and summoning executives including controller Jack Ma to meet with Chinese regulators at the China Securities Regulatory Commission.

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