PYMNTS

DECEMBER 20, 2020

Alibaba billionaire Jack Ma told Chinese regulators in November that he would give portions of Ant Group , the FinTech he founded, to the country's government in what so far has appeared to be an unsuccessful effort to make peace with authorities in the country, The Wall Street Journal (WSJ) reported.

Groups 278

Groups Report Fintech Regulation 278

CFPB Monitor

SEPTEMBER 16, 2020

As previously reported , unable to agree on long-term reforms for the National Flood Insurance Program (NFIP), at the end of last year Congress extended the NFIP through September 30, 2020, which is the end of the current federal government fiscal year. With that date looming, in a letter to majority and minority leaders in the U.S.

National 78

National Groups Industry Report 78

Bank Innovation

JULY 19, 2017

Pittsburgh-based PNC Financial Services Group is making a significant digital push this quarter, and highlighted a number of areas this is benefiting the bank’s consumer business. But the most significant revelation from the company’s earnings call yesterday may be that digital banking allows any bank to become national.

National 302

National Digital Banking Groups Company 302

CFPB Monitor

MAY 25, 2023

Consumer Financial Protection Bureau , an industry group composed of the Mortgage Bankers Association (MBA), National Association of Home Builders (NAHB), and National Association of REALTORS® (NAR) has filed a brief as amici curiae cautioning the Supreme Court against a ruling that could call into question all of the CFPB’s regulations.

Regulation 78

Regulation Groups Industry America 78

Payments Dive

AUGUST 29, 2022

The nation’s biggest bank and bank trade groups stressed the risks of creating a central bank digital currency in comments to the Fed, and largely rejected the idea that a digital dollar would accomplish stated goals.

National 533

National Groups 533

Bank Innovation

JULY 1, 2019

First National Bank of Omaha (FNBO), with $20 billion in assets and 5,000 employees, is building out its seven-person innovation group within the bank's namesake skyscraper in Omaha, Nebraska. The goal is to […].

Omaha 170

Omaha National Innovation Nebraska 170

PYMNTS

JULY 12, 2018

Dean Garfield of the Information Technology Industry Council — a trade group that represents Google , Microsoft and other tech companies — is calling for faster development of national privacy norms to avoid opposing state rules. Companies will also have a tougher time sharing and/or selling data on children under the age of 16.

National 100

National Groups Data Regulation 100

PYMNTS

JUNE 10, 2020

As retailers reopen and take stock of new post-pandemic consumer dynamics, the role of industry trade groups is changing. Groups like the National Retail Federation (NRF) focused more on economic forecasts and supply chain issues as other advocacy groups that have taken the fight for more stimulus dollars to Washington, D.C.

Retail 141

Retail Groups Strategy National 141

CFPB Monitor

JANUARY 26, 2023

In a letter to Director Chopra , five banking trade groups address the CFPB’s obligation to comply with the Small Business Regulatory Enforcement Fairness Act of 1996 (SBREFA) before proposing a rule on credit card late fees and late payments. Continue Reading

Cards 78

Cards Groups America National 78

CFPB Monitor

APRIL 30, 2020

We are pleased to announce that Ballard Spahr’s Consumer Financial Services Group has once again received the highest national ranking from Chambers USA: America’s Leading Lawyers for Business. Our CFS Group has been ranked in Band One every year since Chambers USA introduced a national category for consumer finance.

National 78

National Groups Fintech Regulation 78

PYMNTS

SEPTEMBER 18, 2020

The chairman of a European industry trade group has warned the uneven rollout of 5G wireless technology could hurt companies. So far, the European Union’s 27-nation bloc has deployed 10 5G base stations per million residents while South Korea had 1,500 per million, the report revealed. In a tweet Friday (Sept.

Groups 216

Groups Industry Regional National 216

PYMNTS

NOVEMBER 20, 2020

What’s next for Ant Group – and by extension, Jack Ma? . Yu said the timing of the IPO suspension — again, mere hours before launch — shows that regulators may have been hesitant, or perhaps even did not feel empowered, to take on a national hero like Ma and his behemoth of a corporate creation.

Groups 236

Groups Regulation Fintech Lending 236

PYMNTS

SEPTEMBER 9, 2020

Blockchain firm Digital Currency Group (DCG) has bought the Luno cryptocurrency exchange, which it will keep running as an independent subsidiary, according to a Wednesday (Sept. In August, a large share of a group of mayors inked a deal to take payment for taxes through the country’s digital currency. 9) announcement.

Groups 151

Groups Bitcoin blockchain cryptocurrency 151

Bank Innovation

SEPTEMBER 26, 2019

Marc Butterfield, senior vice president of digital and payments solutions at First National Bank of Omaha, will speak at Bank Innovation Build. Butterfield has led FNBO’s internal innovation group since its launch in 2017. His work there […].

Omaha 150

Omaha National Innovation Payments 150

CFPB Monitor

SEPTEMBER 6, 2022

I am pleased to share with our blog readers that Kristen Larson, an attorney with almost two decades of in-house experience advising midsized and large national banks on financial services matters, has joined Ballard Spahr’s Consumer Financial Services Group. She is resident in the firm’s Minneapolis office.

Groups 78

Groups Minneapolis Digital Banking Lending 78

PYMNTS

JULY 30, 2020

As the new stimulus package starts its journey from initial proposal to tense negotiations, both the National Retail Federation ( NRF ) and Retail Industry Leaders Association ( RILA ) have expressed support for several aspect of what is now being called the HEALS Act (Health, Economic Assistance, Liability Protection, and Schools Act).

Retail 145

Retail Groups Industry Guidelines 145

Independent Banker

AUGUST 31, 2021

ICBA’s National Community Bank Service Award winners for 2021 demonstrate that when their local areas need support, community banks are there with innovative, compassionate and thoughtful responses. The community bank provided nearly 480,000 PPP loans totaling more than $13 billion to businesses across the nation. “I

Community Bank 196

Community Bank Community National Fresno 196

PYMNTS

JANUARY 24, 2021

Bus operator National Express reported a 185 percent increase in bookings for spring and summer trips compared with bookings made during the same period in 2020. Among the figures noted by the Financial Times: Saga said bookings made during the first two weeks of January were twice those made during the first two weeks of September.

Operations 260

Operations Lending Groups Report 260

PYMNTS

JANUARY 2, 2020

As online shopping powers a forecasted 26 percent year-over-year volume surge on National Returns Day, the United Parcel Service (UPS) foresees shipping 1.9 In some categories, the return rate is near 50 percent due to inconsistent sizing across brands, per IHL Group Founder and President Greg Buzek.

Retail 131

Retail National United States California 131

PYMNTS

JANUARY 21, 2020

And now, for digital currencies, it’s a group effort — among central banks, that is. 21), at least some of those central banks are banding together to form a group that will study ways and means of issuing central bank digital currencies (CBDC). As for what may be underpinning a group effort …. But as reported Tuesday (Jan.

Groups 142

Groups cryptocurrency Payments National 142

PYMNTS

JULY 7, 2020

The letter, from RILA President Brian Dodge , was addressed to National Governor’s Association Chair Lawrence Hogan (MD) and Vice Chair Andrew Cuomo (NY), asking them to push for specific and consistent mask mandates. RILA has finally had enough of the trend, and asked two governors for help in a letter released on Tuesday morning (July 7).

Retail 151

Retail Groups Regulation social media 151

PYMNTS

JULY 16, 2020

The gloves are off in the retail landlord leasing battle, with Simon Property Group now suing mall tenants who aren’t paying their rent. Last month, Simon Property Group filed a similar lawsuit against Brooks Brothers seeking $8.7 Stern likes what Ingka Group, operator of IKEA stores, is doing. million in missed rent payments.

Groups 151

Groups Retail Comparison Payments 151

PYMNTS

JUNE 15, 2020

The restaurant industry, hit hard by the effects of the coronavirus, has lost $120 billion in the first three months of the pandemic, reported the National Restaurant Association. The organization said its research indicated the industry’s losses are likely to keep rising and will total about $240 billion by year’s end.

Groups 142

Groups Industry National Survey 142

PYMNTS

NOVEMBER 25, 2020

In today’s top news in digital-first banking, Ukrainian financial institution UKRSIBBANK is collaborating with Sweden-based FinTech upstart Dreams, while Oportun Financial is pursuing a national bank charter with the Office of the Comptroller of the Currency (OCC). FinTech Oportun Seeks US National Bank Charter.

Fintech 161

Fintech National Digital Banking US 161

PYMNTS

SEPTEMBER 13, 2019

To enable continued innovation and growth in the digital economy, the Business Roundtable is asking Congress to pass a comprehensive consumer data privacy law that establishes a national privacy framework and strengthens protections for consumers. to come up with a national privacy law had hit a wall. companies.

National 129

National Compliance Regulation Data 129

PYMNTS

APRIL 8, 2019

The world of payments has provided a new leader to the National Urban League. Tim Murphy, general counsel for Mastercard , has become the 22nd chairman of the civil rights and urban advocacy group, according to a statement from the payment card network. which focuses on managed healthcare.

National 122

National New York City Payments Cards 122

CFPB Monitor

AUGUST 8, 2022

Eight national trade groups have filed a petition with the CFPB that urges the Bureau to engage in rulemaking to define larger participants in the market for data aggregation services. According to the trade groups, the current situation creates “an unsustainable model as the aggregation services market grows.”

Groups 78

Groups Data National Compliance 78

PYMNTS

FEBRUARY 23, 2018

First National Bank of Omaha announced that it is not renewing a contract with the National Rifle Association (NRA) to offer customers an NRA-branded Visa card. “The NRA supports efforts to prevent those who are in danger to themselves or others from getting access to firearms,” the group said in a statement.

Omaha 118

Omaha National Cards South Dakota 118

PYMNTS

OCTOBER 7, 2020

In July, news surfaced that Flywire joined forces with China’s global education industry association BOSSA to bring its cross-border payment offerings to additional Chinese students traveling to other nations.

Groups 200

Groups Payments Fraud Study 200

CFPB Monitor

AUGUST 13, 2020

We are pleased to announce that Ballard Spahr’s Consumer Financial Services Group and its Fintech & Payments Team received national rankings from The Legal 500 in the financial services regulation and fintech categories. It was our first application for ranking in the fintech category.

Fintech 60

Fintech Payments National Groups 60

PYMNTS

AUGUST 19, 2019

Hamas, the militant Palestinian group, has come up with a new way to raise funds for its terror campaigns: bitcoin. MEMRI recently exposed a video by a leading sheik with one of the biggest terrorist groups in Syria, Hayat Tahrir al-Sham, where he explained how bitcoin could be used for charitable donations.

Bitcoin 150

Bitcoin Groups New York Taxes 150

PYMNTS

MAY 10, 2019

prosecutors have charged a Chinese national for his alleged involvement in the 2015 data breach at health insurance company Anthem , which led to the theft of 78.8 million records. businesses. Benczkowski said in a press release. These defendants allegedly attacked U.S.

National 115

National Data Indianapolis Fraud 115

PYMNTS

SEPTEMBER 12, 2018

The Internet Association, a group that represents Facebook, Amazon and Alphabet’s Google , among other technology and internet companies, said on Tuesday (Sept. that are more modern, but urged lawmakers to approach the issue nationally. 11) that it supports data privacy rules in the U.S.

National 128

National Data Company California 128

CFPB Monitor

MAY 2, 2019

We are pleased to announce that Ballard Spahr’s Consumer Financial Services Group has once again been ranked in the highest tier nationally in the category of Financial Services Regulation: Consumer Finance (Compliance and Litigation) by Chambers USA: America’s Leading Lawyers for Business.

National 68

National Groups Fintech Regulation 68

PYMNTS

JUNE 23, 2017

Created in 2017, the API Standardization Industry Group has begun developing an application program interface (API) standardization “playbook” to help enhance support for payments and the business needs of financial institutions, companies, FinTechs and other industry stakeholders and participants.

Groups 187

Groups Meeting Industry Report 187

PYMNTS

JUNE 2, 2020

The forces closing in on retail have forced its various trade and advocacy groups to press their case in Washington. While the AAFA is taking its concerns to the government, the National Retail Federation (NRF) has expressed cautious optimism. Among those forces: 2.1 Brookfield is targeting $5 billion to be put toward the fund.

Retail 131

Retail Groups Washington Survey 131

PYMNTS

MARCH 29, 2019

Payments company Square has partnered with the Washington Nationals and Levy Restaurants to let fans order concession menu items right from their seats, according to reports. Alan Gottlieb, chief operating officer at Lerner Sports Group, said it was important for Nationals fans to get the most out of their ballpark experience.

Washington 134

Washington National Payments Apple 134