PYMNTS

JULY 31, 2018

Loosening federal regulations, enacting national data breach protections and drafting “model laws” at the state level to reduce overlapping red tape, could help promote FinTech in the United States, according to report released Tuesday (July 31) by the U.S. FinTech Growth. Treasury Department. financial technology efforts.

Fintech 194

Fintech Security US United States 194

CFPB Monitor

MAY 13, 2020

For our webinar last Thursday, “Consumer Protection: What’s Happening at the FTC,” we were joined by special guest speakers Andrew Smith, Director of the FTC’s Bureau of Consumer Protection, and Malini Mithal, Associate Director of the FTC’s Division of Financial Practices.

Data 78

Data Security Company Payments 78

Abrigo

MARCH 11, 2022

Expert insights on 10 regulatory topics that NBFIs should consider this year Review this list of what regulators are looking for in 2022 to help your NBFI pass exams with flying colors. Takeaway 3 NBFIs should review common deficiencies in AML programs that regulators are citing and fix issues before their next audit or exam.

Regulation 195

Regulation cryptocurrency Policies Management 195

CFPB Monitor

OCTOBER 19, 2020

For our webinar last week, “What a Blue Wave in the November 2020 Elections Could Mean for the Consumer Financial Services Industry,” we were joined by special guest Isaac Boltansky, Director of Policy Research at Compass Point Research & Trading.

Leadership 78

Leadership FDIC Exercises Lending 78

CFPB Monitor

SEPTEMBER 19, 2019

Last week, the CFPB finalized its proposed revisions to its trial disclosures and no-action letter policies and also finalized its proposal to create a new FinTech sandbox policy. The webinar, “The CFPB’s Final Innovation Policies: What You Need to Know,” will be held on October 1, 2019 from 12:00 to 1:00 p.m.

Innovation 60

Innovation Policies Fintech Regulation 60

CFPB Monitor

OCTOBER 2, 2019

Alan leads the firm’s Consumer Financial Services Group and James is a co-leader of the firm’s inter-disciplinary Fintech Team. Last month, the CFPB finalized its proposed revisions to its trial disclosures and no-action letter (NAL) policies and also finalized its proposal to create a new FinTech sandbox policy.

Policies 60

Policies Innovation South Carolina Indiana 60

Celent Banking

SEPTEMBER 9, 2016

The rapid rise of Fintech firms offering non-bank financial services is triggering what some consider “creative destruction” in banking. Recognising that technology is a key enabler for efficient treasury operations, an increasing number of Fintech firms are creating specialized solutions for corporate financial management.

Fintech 100

Fintech Innovation Regulation Big Data 100

Abrigo

APRIL 7, 2022

You might also like this webinar, "Mergers & Acquisitions in a CECL Environment." Today’s financial marketplace is challenged by increasing regulation, high expectations for fast and mobile financial services, and new fintech companies joining the already competitive arena. BSA Rules and Regulation. Learn More.

Compliance 195

Compliance Policies Fraud Analysis 195

Abrigo

SEPTEMBER 20, 2021

Data collection for small business lenders Financial institutions, fintech companies, and other small business lenders will need to begin collecting a wide array of small business lending data under the Consumer Financial Protection Board’s (CFPB) proposed small business lending data collection rule. Collection Requirements. Consumer Lending.

Lending 195

Lending Data Compliance Regulation 195

Abrigo

DECEMBER 22, 2023

Why banking technology makes sense – recession or not Seventy percent of leaders from banks, credit unions, and fintechs in late 2022 planned to increase their tech spending in 2023, according to a survey by American Banker parent Arizent. Read this blog for five big reasons to automate SMB/commercial lending now.

Lending 221

Lending Risk Management Community Management 221

Bobsguide

NOVEMBER 19, 2018

According to a PwC report, 86% of banking and capital markets CEOs indicated that over regulation is their top concern, with the speed of technological change came a close second at 85%. A poll of the bobsguide audience conducted during a recent webinar, suggested.

Capital 60

Capital Marketing Fintech Regulation 60

Abrigo

FEBRUARY 12, 2020

Despite expectations for growth, bankers, regulators, investors, and others are watchful about potentially lower returns and credit risks ahead. And regulators have urged financial institutions to prepare for an eventual cyclical change while credit performance remains strong – and to do so as they originate new loans and in credit reviews.

Lending 195

Lending Trends FDIC Survey 195

Abrigo

MARCH 7, 2022

Experts weigh in on regulatory hot topics for 2022 Review these 10 insights into what regulators are looking for in 2022 to help your financial institution pass exams with flying colors. Takeaway 1 Regulators have increased their focus on BSA in the first quarter of 2022, and the crisis in Ukraine will put OFAC in the spotlight.

cryptocurrency 195

cryptocurrency Regulation Fraud Policies 195

CFPB Monitor

AUGUST 13, 2018

A portion of the Treasury’s report entitled “ A Financial System That Creates Economic Opportunities, Nonbank Financials, Fintech, and Innovation ,” focuses on payments. ( See our legal alert for a discussion of other portions of the Treasury’s report.). Current payment methods. Our observations. On September 20, 2018, from 12 p.m.

Report 60

Report Fintech Payments Regulation 60

Abrigo

SEPTEMBER 14, 2022

You might also like this webinar: "Fortify Your Loan Policy to Effectively Manage Credit Risk." Online lenders, platform lenders, and fintechs should also consider sending feedback to the CFPB and considering the ways their operations might be affected. Those implementing regulations were coming. Lending Regulation.

Lending 195

Lending Data Regulation Community 195

Independent Banker

AUGUST 31, 2022

The first day of the institute covered the regulations community banks are responsible for, observational skills, handling verbal and physical confrontations, social engineering, internal fraud, questioning documents and media relations skills. Held in Bloomington, Minn., Learn more ».

Community 91

Community Security Community Bank Fraud 91

Celent Banking

MARCH 30, 2016

Last week, I participated in a Finextra webinar on the topic of “Connected Credit and Compliance for Lending Growth” with panelists from ING, Vertus Partners, Misys and Credits Vision. Connectivity with clients and partners will increasingly be the hallmark of a successful commercial lender.

Lending 100

Lending Compliance Training Capital 100

PYMNTS

JUNE 25, 2018

Marry tech and talent, then risk management can pay dividends, notes an upcoming PYMNTS webinar. In advance of the upcoming webinar titled “RegTech: Transforming Compliance Through Enabling Technology,” Clayton Mitchell, principal of Crowe Horwath , stated that RegTech’s effectiveness can be limited by internal factors.

Risk Management 167

Risk Management Strategy Management Compliance 167

Gonzobanker

MARCH 21, 2024

When amending Regulation B of the Equal Credit Opportunity Act, the CFPB wrote: “There is limited data on small businesses’ access to credit. Technology and Data—Not Regulations—Is the Answer The CFPB’s comment holds the clue to the solution (and it isn’t more regulation from the CFPB and other regulatory bodies).

Lending 78

Lending How To Capital Data 78

CFPB Monitor

DECEMBER 12, 2016

The announcement by the Office of Comptroller of Currency that it will allow financial technology (fintech) companies to apply for national bank charters as way of fostering “responsible innovation” has already drawn fire from the New York Department of Financial Services (DFS) and the Conference of State Bank Supervisors (CSBS). .

Innovation 60

Innovation New York Illinois Regulation 60

CFPB Monitor

AUGUST 21, 2018

The Treasury suggests that federal banking regulators take action to resolve this ambiguity. The report assumes that “data aggregators and consumer fintech application providers are subject to the Gramm-Leach-Bliley Act (GLBA)” and that “the Safeguards Rule appropriately addresses” data security concerns with data aggregation activities.

Data 84

Data Report Regulation Security 84

Insights on Business

MARCH 7, 2019

In a business environment defined by sustained market volatility and ever-increasing regulations, companies need the ability to integrate enterprise-wide risk management processes and multiple regulations. For more information about the IBM RegTalk Webinar series, please visit: ibm.biz/RegTalk. Learn more at ibm.com/RegTech.

User Experience 93

User Experience Risk Management Compliance Regulation 93

Abrigo

JANUARY 24, 2024

Through FedNow, the fintech also facilitates instant microdeposits, the small-amount transactions used to validate accounts. Listen to this on-demand webinar about what financial crime professionals can expect ahead. Listen to this on-demand webinar about what financial crime professionals can expect ahead.

Fraud 221

Fraud Payments Software Policies 221

CFPB Monitor

JANUARY 7, 2019

In addition to our blog and webinars, we offer a weekly podcast program that features Ballard Spahr attorneys as well as regulators and other guests involved in the consumer finance industry. We certainly hope that our readers will agree.

Leadership 60

Leadership National Lending Industry 60

CFPB Monitor

FEBRUARY 2, 2021

The DFPI indicated in its announcement that it believes the MOUs “to be the first agreements of their kind between the fintechs and a state regulator.”. The CCFPL authorizes the DFPI to prescribe regulations requiring any covered person to register with the DFPI. We will soon be holding a webinar on EWA programs.

CA 60

CA Company Innovation Regulation 60

South State Correspondent

AUGUST 22, 2022

While banking doesn’t move as fast as technology, the rise of fintechs and neobanks are speeding things up. On top of business intelligence, a bank needs to answer to the regulators to run a business. Preparing For the Future Through Data Architecture. Information is critical for any business, but few more so than banking.

Data 195

Data Analysis Marketing System 195

Abrigo

FEBRUARY 23, 2022

Furthermore, given the rise of fintech firms chasing the SMB segment, borrowers have alternative sources of funding. Win more small business deals: Watch this webinar on SMB Lending Best Practices. That adds to the pressure on financial institutions to innovate the small business loan process.

Lending 195

Lending Community Bank Community Analysis 195

CFPB Monitor

JANUARY 12, 2021

To enable the DFPI to carry out its plans, the DFPI is expected to significantly expand its staffing this year.

Exercises 127

Exercises California Innovation Financial Technology 127

CFPB Monitor

SEPTEMBER 17, 2018

Future topics will span federal and state regulation and enforcement, litigation trends, fair lending, debt collection, marketplace lending, Fintech, mortgage banking, auto and student lending, and cybersecurity. We’ll be talking about how to make sense of breaking developments, avoid risk, and make the most of opportunity.

Lending 60

Lending Apple Google Compliance 60

CFPB Monitor

SEPTEMBER 8, 2020

Ballard Spahr to hold webinar on this legislation on September 29, 2020. This simply restates authority already given under the CFPA to enforce the CFPA or regulations issued under it for such entities. Register here. the “CFPA”). California Consumer Financial Protection Law. CCFPL: New Registration Requirements.

California 78

California Innovation Regulation Report 78

Abrigo

MARCH 6, 2017

4) @KarenGMills – Former SBA administrator in the Obama administration, Mills is now a senior fellow at Harvard Business School, writing and Tweeting about small business, lending and fintech. His Tweets mix news about middle market, small business and business internet banking with occasional pop culture references.

social media 150

social media Lending Community Community Bank 150

CFPB Monitor

SEPTEMBER 10, 2020

In 2017, the Colorado Attorney General filed lawsuits against fintechs Avant and Marlette Funding and their partner banks WebBank and Cross River Bank that included a “true lender” challenge to the interest rates charged under the defendants’ loan programs, even though the annual percentage rates were limited to 36%. to 4:30 p.m.

Utah 78

Utah California FDIC West Virginia 78

Insights on Business

NOVEMBER 26, 2018

As regulators grow more stringent about how institutions scrutinize their customers, as we’ve seen from last year’s CDD Rule in the US , the need for a smarter approach to financial crime and AML compliance analysis will go from being optional to essential. Webinar: AML Compliance comparison and effectiveness.

Compliance 123

Compliance Customer Experience Strategy Groups 123

PYMNTS

DECEMBER 8, 2016

Any FinTech, challenger bank or other PSP with a need to offer expedited payments can connect to the scheme. FinTechs such as TransferWise see this as a competitive benefit to offer expedited funding and disbursement of funds. The regulations also mean that those service providers can initiate payments on their customer’s behalf.

Payments 100

Payments Fintech Compliance Innovation 100

NCR

DECEMBER 12, 2017

The General Data Protection Regulation (GDPR) was developed with the intention of strengthening and unifying data protection for all people within the EU. Three industry executives discussed this subject during a recent Marketforce webinar exploring the ‘regulation revolution’ in financial services.

Data 56

Data Regulation Compliance Management 56

CFPB Monitor

FEBRUARY 14, 2019

Treasury Department issued a report that recommended sweeping regulatory changes intended to promote innovation in the consumer financial services market, reduce regulatory burdens on consumer financial services providers, and update regulations applicable to various types of consumer lending and related consumer financial products and services.

Lending 84

Lending Community National Leadership 84

NCR

OCTOBER 2, 2017

It provides the legal framework for open banking, formalizes the relationship between banks and fintechs, and enables greater access to customer account information and payment systems. How are banks and fintechs responding to PSD2? These are exciting changes that could open up many opportunities for providers and customers alike.

Fintech 72

Fintech Innovation Security Payments 72