PYMNTS
NOVEMBER 16, 2020
Regulation. Tencent Holdings President Martin Lau said further regulations are needed in China to mirror a “new reality.”. As technology companies become bigger and more important to the economy, I would say more regulations to reflect the new reality are needed," Lau said, according to the report. Larry Hogan vetoed the levy.
PYMNTS
AUGUST 8, 2019
The New York State Department of Financial Services (NYDFS) has announced it will lead a multi-state investigation into alleged violations of state regulations of the short term lending industry, specifically in the area of payroll advances. Many people living paycheck to paycheck already make more than median income.”.
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PYMNTS
FEBRUARY 24, 2017
Locations on the radar for new Coinsource ATMs in 2017, according to Sharp, included in Maryland, Massachusetts, Washington, D.C., Last month, the central bank and government of the United Arab Emirates had drawn up regulatory frameworks for FinTech and digital payments at large. machines per week. We hope to double that this year.”.
CFPB Monitor
SEPTEMBER 25, 2018
Noting, among other things, “retrenchment” on the federal level, the Maryland Financial Consumer Protection Act of 2018 ( HB 1634 ) was signed into law on May 15, 2018. Increases the maximum civil penalties for violations of the MCPA by merchants to $10,000 for a violation and $25,000 for a repeat violation. .
Independent Banker
NOVEMBER 30, 2022
So, what does this intersection of regulation and technology competition mean for community banks? In addition, community banks need to evaluate their partnerships with fintechs and other third parties. Colleen Morrison is a writer in Maryland. Jordan Hirschfield, Mercator Advisory Group. Community bank considerations.
CFPB Monitor
SEPTEMBER 10, 2020
In the past, “true lender” attacks have been launched or threatened by state authorities against high-rate bank/nonbank lending programs in DC, Maryland, New York, North Carolina, Ohio, Pennsylvania and West Virginia. Thus, both the OCC and FDIC have adopted regulations rejecting the Second Circuit’s Madden decision.
PYMNTS
SEPTEMBER 22, 2017
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. The European Union is also gearing up to promote new, continent-wide mandates that would promote FinTech growth and investments, especially post-Brexit.
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