PYMNTS

FEBRUARY 22, 2019

The OCC identified the deficiencies in the bank’s branches in New York, Los Angeles and Chicago. From a bank’s perspective, we need to process these papers manually, including checking for fraud, etc.” The office recently examined the branches for BSA/AML and Office of Foreign Assets Control (OFAC) sanctions compliance.

Compliance 108

Compliance Los Angeles New York blockchain 108

PYMNTS

SEPTEMBER 8, 2016

This marks the second big ding from regulators Wells Fargo has had to endure of late — a few weeks ago, the CFPB hit the banks with a fairly robust fine over student lending practices it labeled “highly deceptive.” Wells Fargo — the largest U.S. Cross-selling of products and sales tactics.

Los Angeles 100

Los Angeles Training Regulation Lending 100

American Banker

OCTOBER 13, 2016

Without investigations by the Los Angeles Times and city prosecutors, the Wells Fargo account scandal would never have come to light. Where were federal regulators?

Los Angeles 28

Los Angeles Fraud Regulation Compliance 28

PYMNTS

FEBRUARY 21, 2018

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. As regulators begin to consider blockchain regulations, many have signaled a desire not to hamper innovation while doing so.

blockchain 130

blockchain Los Angeles Regulation Oregon 130

Gonzobanker

JUNE 7, 2023

For neobanks, funding is plummeting and the path to profitability is about as formidable as crossing the 101 Highway in Los Angeles by foot. Mix in the added drama of regulators condemning the banking-as-a-service model, and there’s added risk. It’s easy to see what would make Charlie strike out.

Los Angeles 117

Los Angeles Fintech Digital Banking Tools 117

PYMNTS

JUNE 7, 2018

Now that principle applies to Europe’s General Data Protection Regulation (GDPR) – at least according to one report. The regulation requires companies to provide more transparency over how consumer data is used. Skillful criminals know how to use crowds — just ask anyone who has been pickpocketed in a subway station.

Los Angeles 107

Los Angeles Google Regulation Data 107

Abrigo

AUGUST 6, 2019

Like other FinCEN advisories, they contain common typologies, red flags to look for, and guidance on complying with FinCEN regulations to address those threats and vulnerabilities. FinCEN has issued numerous advisories concerning the corruption in Venezuela, as well as Nicaragua and Iran. The 12 major U.S.

System 264

System Las Vegas San Antonio San Diego 264

PYMNTS

DECEMBER 3, 2016

This year Dimon was warning against a desire to use regulations as a punitive measure against banks that are increasingly unfairly demonized. Now Charney is back in the T-shirt business, working out of South Central Los Angeles and preparing to jump from selling to retailers to selling to consumers as well. “We

Payments 100

Payments Los Angeles Lending Leadership 100

PYMNTS

JANUARY 31, 2020

market with limited trialing of its services in Los Angeles: to date, it reports 3.7 Far from it, those technology forms, with regulation and oversight, could and likely will be powerful tools going forward. The funds, according to reports , will go toward fueling expansion into new markets, notably the U.S.

Bitcoin 100

Bitcoin Payments Los Angeles blockchain 100

PYMNTS

JANUARY 19, 2021

But as GeoGuard CEO David Briggs and People’s United Bank VP of Financial Crimes and Fraud Intelligence Karen Boyer told Karen Webster, realizing the full benefits of using geolocation will take a bit of education – for consumers, yes, but also for banks. Not all data are created equal, of course. percent,” he said.

Data 227

Data Fraud Los Angeles Compliance 227

Abrigo

OCTOBER 31, 2022

While title insurance companies are required to collect and report data on covered transactions, regulators expect financial institutions to have procedures in place to detect these transactions. BSA Rules and Regulation. BSA Rules and Regulation. BSA Rules and Regulation. Fraud Prevention. keep me informed.

New York City 195

New York City Las Vegas District of Columbia San Antonio 195

William Mills

SEPTEMBER 9, 2016

I believe SEC regulations require a company to go public if they have more than 500 shareholders. I like the idea but I am a bit concerned about the potential for fraud from both companies and investors. Addresses compliance, fraud experience and customer experience analytics. Regulated Financial Institution.

social media 40

social media ATM Mobile Customer Experience 40

Gonzobanker

DECEMBER 22, 2015

Regulator Award. The all-powerful banking regulator claimed that car dealers discriminated against minority borrowers—by guessing the race of borrowers based on last names and addresses in loan files, and claimed racism if the people they guessed were minorities seemed to be paying higher rates. ‘Are You Freakin’ Kidding Me?’

Community Bank 60

Community Bank Apple Community Technology 60

CB Insights

JUNE 6, 2019

Accusations of fraud and mismanagement, and criticisms of the government’s decision to invest in Solyndra, were rampant in the days following news of Solyndra’s impending bankruptcy proceedings — but the core mistake here involved ignorance of a key aspect of Solyndra’s business.

Apple 78

Apple Branding Google Company 78

American Banker

SEPTEMBER 21, 2016

Republican lawmakers are pushing back against claims by the Consumer Financial Protection Bureau's allies that it rooted out fraud at Wells Fargo, arguing the L.A. City Attorney and the Los Angeles Times brought the situation to light.

Los Angeles 28

Los Angeles Fraud Regulation 28

PYMNTS

JANUARY 7, 2019

Fewer than 5 percent of all FIs reported using AI – true AI – to personalize offerings to their consumers, manage fraud or even allocate resources to collecting debt from consumers with the capacity to repay. I must admit, I am fascinated by Elon Musk’s Hyperloop.

Mobile 205

Mobile Innovation Apple Study 205

Gonzobanker

DECEMBER 19, 2016

Maybe a regulator was out sick or on maternity leave, but this is one crawling bureaucratic nightmare. A Shout Out for a Gutsy Call – Scott Reckard, a reporter for the Los Angeles Times, who first wrote about Wells Fargo’s branch pressure tactics in 2013. What’s next, rage in the cage, two CEOs, winner take all? Well done.

Utah 60

Utah System Community Marketing 60

Gonzobanker

DECEMBER 19, 2016

Maybe a regulator was out sick or on maternity leave, but this is one crawling bureaucratic nightmare. A Shout Out for a Gutsy Call – Scott Reckard, a reporter for the Los Angeles Times, who first wrote about Wells Fargo’s branch pressure tactics in 2013. What’s next, rage in the cage, two CEOs, winner take all? Well done.

Utah 60

Utah System Community Marketing 60