CFPB Monitor

DECEMBER 9, 2021

The CFPB has issued a final rule amending Regulation Z to address the discontinuation of the London Inter-Bank Offered Rate (LIBOR) that is currently used by many creditors as the index for calculating the interest rate on credit cards and other variable-rate consumer credit products. Change in index. Dollar LIBOR indices. (The

Regulation 78

Regulation Cards Compliance Groups 78

Jeff For Banks

APRIL 15, 2012

One form of training I fondly recall from my Navy days was Navy Leadership Development school, or NAVLEAD. The commander, however, worked for a large company and said they do incorporate leadership, management, and supervisory training to employees. We have acronyms for EVERYTHING in the military. But in my experience, this is not so.

Leadership 83

Leadership South Carolina Training Community 83

PYMNTS

DECEMBER 28, 2020

Recent regulatory crackdowns on Ant Group, Alibaba and Tencent show that China’s former tech darlings have run afoul with all-powerful political and regulatory regime in China. Reuters quoted Ant as saying in a statement that it would establish a “rectification” working group and fully implement the government’s requirements.

US 168

US Regulation Groups System 168

CFPB Monitor

DECEMBER 5, 2018

Called the Student Borrower Protection Center (SBPC), the group describes itself as “leading a nationwide effort to end the student debt crisis in America.”. The group’s website describes its projects as “supporting state and local officials” and “driving new actions in communities, in court, and in government.”

Groups 79

Groups California Leadership Resources 79

PYMNTS

JULY 23, 2020

Walmart is selling its 28 stores and eCommerce operations in India to Flipkart Group , the online marketplace it controls. Under India’s regulations, Walmart cannot sell directly to consumers through its websites or open supercenters. Earlier this month, Flipkart Group announced it had raised $1.2

Retail 130

Retail Leadership Groups Operations 130

PYMNTS

JANUARY 21, 2020

Global Economics Group (GlobalEcon) has branched out in China with the opening of an office in Shanghai, its second location in the country, the economic management consulting firm announced on Tuesday (Jan. GlobalEcon has enlisted a team of more than 12 senior economists, consultants and managers to work under Dr. Zhang’s leadership.

Analysis 130

Analysis Boston Chicago New York 130

PYMNTS

DECEMBER 2, 2019

These groups also face a common small- to medium-sized business (SMB) challenge — needing to track every transaction to prove fiscal responsibility to donors and regulators. million tax-exempt groups active in the U.S., according to the latest figures from the IRS, which monitors and regulates such organizations.

Management 141

Management Taxes Groups Regulation 141

PYMNTS

MAY 3, 2019

Chancellor Philip Hammond said there’s going to be a new group to tackle the issue, and that it will be chaired by the treasury and will include regulators and the Bank of England. I’m delighted to see the Government taking a leadership role on this critical issue — and look forward to seeing action as a result.”. An estimate 2.2

Leadership 192

Leadership Regulation Groups Community 192

CFPB Monitor

DECEMBER 2, 2021

We also discuss how CBA plans to use the white paper to address industry concerns that may arise from the CFPB’s expected strong reliance on its enforcement authority under its current leadership. Chris Willis, Co-Chair of Ballard Spahr’s Consumer Financial Services Group, hosts the conversation. Click here to listen to the podcast.

Leadership 78

Leadership Tools Industry Regulation 78

PYMNTS

APRIL 16, 2019

They met with Walmart leadership executives in the area. McMillon was asked about the changes to India’s market, such as the regulations put in place on Feb. When the regulations were first announced, Walmart expressed displeasure but said that it hoped for a more collaborative regulatory process moving forward.

Marketing 156

Marketing Leadership Meeting Regulation 156

Abrigo

FEBRUARY 10, 2023

Keep leadership informed on AML/CFT trends to ensure a strong culture of compliance at your financial institution. Introduction Corporate Transparency Act guidance FinCrime professionals have been on high alert for new regulations since the Anti-Money Laundering Act of 2020 (AMLA) was signed into law, but updates have been slow to arrive.

Fraud 195

Fraud Training Regulation Compliance 195

Perficient

AUGUST 14, 2020

Three leading organizations — Salesforce , Perficient , and The Chartis Group — have come together to share bright spots within the healthcare community that can point the way to building the necessary capacity to adapt. Evolving Regulations – Each state has their own guidelines for managing this health crisis.

System 519

System Analytics Strategy Guidelines 519

CFPB Monitor

JANUARY 28, 2021

In Part II of our two-part podcast, we look at the recommendations in the Taskforce’s report concerning the use of principles-based (rather than prescriptive) regulations and CFPB licensing of non-depository institutions providing lending, money transmission or payment services. To listen to the podcast, click here.

Leadership 78

Leadership Lending Regulation Groups 78

Abrigo

DECEMBER 10, 2021

This update clarifies that banking regulators and FinCEN understand that no specific customer type automatically falls into a higher risk category. The operations, activities, leadership, and affiliations of the customer play a factor in specific risks, particularly with foreign activity in and with areas of concern. Watch Webinar.

Training 195

Training Regulation Policies ATM 195

CFPB Monitor

MARCH 9, 2021

Providing further confirmation that the CFPB plans to ramp up its enforcement efforts under its new leadership, the CFPB is recruiting one or more attorneys from other federal agencies to work in its Office of Enforcement.

Leadership 78

Leadership Policies Lending Regulation 78

CFPB Monitor

FEBRUARY 11, 2021

In perhaps the most direct confirmation that the Biden Administration plans to return the CFPB to the dominant and active role it had under the leadership of former Director Cordray, Acting Director Uejio has published a blog post announcing that the Bureau has launched “an effort to recruit attorneys at all experience levels to join our team.”.

Leadership 78

Leadership Policies Lending Regulation 78

CFPB Monitor

DECEMBER 12, 2016

In their letter, the trade groups note that the CFPB “has recently finalized, or is in the process of finalizing, several rules, including arbitration, small dollar, third-party debt collection, and prepaid cards.” The trade groups also argue that the presidential election and the D.C. Circuit’s decision in CFPB v.

Groups 60

Groups Leadership National Regulation 60

CFPB Monitor

MARCH 16, 2021

Under the leadership of Acting CFPB Director Dave Uejio, the Bureau issued an interpretive rule on March 9, 2021 clarifying that the prohibition against sex discrimination under the Equal Credit Opportunity Act (“ECOA”) and Regulation B includes sexual orientation and gender identity discrimination.

Regulation 78

Regulation District of Columbia Georgia Policies 78

Abrigo

JUNE 14, 2021

As seldom seen from the regulatory authorities, the Guidelines generally defines management as senior leadership, executives, or the board of directors. Common root causes include: Lack of a formal OFAC SCP Misinterpretation or failure to understand OFAC regulations Facilitating transactions by non-U.S. BSA Rules and Regulation.

Compliance 370

Compliance Training Resources Policies 370

PYMNTS

APRIL 6, 2020

Today, the company continues to operate in compliance with an asset cap imposed by its regulator due to actions of past leadership. Therefore, we are focusing our efforts under the Paycheck Protection Program on these groups,” said Scharf.

Resources 162

Resources Leadership Regulation Compliance 162

PYMNTS

JANUARY 2, 2019

The new products will bring Didi into direct competition with the Alibaba Group and technology giant Tencent. The number of eligible applicants was already hampered by 2017 regulations, and Didi is short drivers in some major cities. The services include wealth management tools, credit, lending and crowdfunding for serious illnesses.

Lending 183

Lending Leadership Apple America 183

PYMNTS

OCTOBER 1, 2018

A top infrastructure lender in India is now being questioned by regulators over its $12.6 Reports in Bloomberg said Infrastructure Leasing & Financial Services (IL&FS) Group, a top financier of infrastructure projects, now faces a special audit from the Reserve Bank of India (RBI) after an August default shook the markets.

Marketing 108

Marketing Regulation Leadership Groups 108

CFPB Monitor

JANUARY 28, 2021

With Director Kraninger having submitted her resignation to President Biden last week, the report represents the CFPB’s fifth and final semi-annual report under Director Kraninger’s leadership. The report describes the most frequently cited Regulation Z and Regulation E violations during 2019. to 1:30 p.m.

Report 78

Report Leadership Lending Regulation 78

PYMNTS

MAY 31, 2017

Under Mack’s leadership , Bob Chlebowski has been named branch distribution executive, Laurey Cosentino will lead the customer and branch experience team, Celeste Finley will lead the regional services group and Jonathan Velline has been named head of business strategy and administration.

San Francisco 100

San Francisco Leadership Regional Retail 100

CFPB Monitor

JANUARY 31, 2022

The Report, which details how effectively CFPB-regulated entities demonstrate their commitment to D&I, is based on the CFPB’s FY2020 study analyzing publicly available D&I information from the websites and annual reports of 270 financial services entities. Supplier diversity programs.

Industry 78

Industry Report Resources Policies 78

CFPB Monitor

AUGUST 7, 2019

The DFS states that the investigation will focus on “whether companies are in violation of state banking laws, including usury limits, licensing laws and other applicable laws regulating payday lending and consumer protection laws.” Illinois Department of Financial Professional Regulation. Texas Office of Consumer Credit Commissioner.

Industry 92

Industry Puerto Rico South Dakota North Dakota 92

PYMNTS

MAY 29, 2018

Malysa O’Connor, senior director of Payroll Practice Group at Kronos, said, “Many payroll professionals find themselves in a challenging predicament. They’re forced to rely on outdated solutions that provide limited visibility into payroll’s impact on overall organizational performance. .”

Technology 111

Technology Survey Leadership Analytics 111

CFPB Monitor

JANUARY 26, 2017

The other motion was filed by Maeve Brown (who chairs the CFPB’s Consumer Advisory Board), Americans for Financial Reform, Center for Responsible Lending, Leadership Conference on Civil and Human Rights, Self-Help Credit Union, and United States Public Interest Research Group. In addition, Senator Brown and Ms. ”

Groups 60

Groups District of Columbia United States Leadership 60

CFPB Monitor

FEBRUARY 11, 2021

Uejio’s statement to CEEA follows the publication of his statements to the Bureau’s Division of Supervision, Enforcement, and Fair Lending and Division of Research, Markets, and Regulations. Aggressively rebuild and repair the Bureau’s relationships with consumer, civil rights, racial justice, and tribal and Indigenous rights groups.

Company 148

Company Report social media Community 148

PYMNTS

AUGUST 21, 2020

I know the company and its leadership agree on the centrality of this important task. These are difficult days for Facebook, which is in the crosshairs of regulators concerned about issues including free speech and the concentration of advertising industry power.

Puerto Rico 143

Puerto Rico social media Louisiana Leadership 143

PYMNTS

OCTOBER 3, 2019

The ongoing fallout from an accounting error at Metro Bank will now see Founder Vernon Hill completely exit the group after previously announcing he would remain on the board. “It is thanks to his vision and leadership that we have grown to 70 stores around the country, serving over 1.8 Reports in The Guardian on Wednesday (Oct.

Metro 124

Metro Leadership Report Capital 124

CFPB Monitor

OCTOBER 19, 2020

Alan Kaplinsky, Practice Leader of the firm’s Consumer Financial Services Group, moderated the webinar. The webinar examined the potential implications for the consumer financial services industry should Joe Biden win the Presidency and Democrats win control of the Senate while retaining control of the House.

Leadership 78

Leadership FDIC Exercises Lending 78

CFPB Monitor

AUGUST 16, 2019

The Committee concluded that senior leadership among large U.S. Specific recommendations include an increased focus on recruiting through affinity groups and minority institutions of higher education; closing the pay equity gap; and increasing investment in leadership and development programs to build a diverse talent pipeline.

CA 60

CA Leadership Regulation Groups 60

CFPB Monitor

MARCH 10, 2022

leadership in the global financial system and in technological and economic competitiveness; promotion of equitable access to safe and affordable financial services; and promotion of responsible development and use of digital assets.

FDIC 148

FDIC National cryptocurrency Leadership 148

Chris Skinner

MAY 21, 2017

As a result, I can easily call my partner and tell them I’m on a business trip to stay with my … Banks’ leadership teams are fatally flawed I was chairing a conference with various speakers, when Gartner Group stood up and talked about their annual bank survey. They were depressed. This felt familiar.

Survey 185

Survey New York Leadership Conference 185

Gonzobanker

FEBRUARY 29, 2024

It’s very hard for regulated banks and credit unions to gain any meaningful efficiencies under $1 billion in assets. As a trusted executive team, talk through what type of “ROL” or return on leadership the priciest folks in the organization are working. It appears nothing else matters but the urgency to get big and get there fast.

Tools 163

Tools Analytics Data System 163

PYMNTS

JANUARY 23, 2017

Businesses face mounting risk thanks to things like geopolitical uncertainties and regulation but are also threatened by something as seemingly arbitrary as group chat platforms. 40% more cyberbreaches impacted U.S. businesses in 2016 than the year prior, found CyberScout.

Survey 100

Survey Taxes Groups Analysis 100