CFPB Monitor

JULY 19, 2022

On July 13, 2022, the House Committee on Oversight and Reform, Subcommittee on National Security held a hearing entitled “Protecting Military Servicemembers and Veterans from Financial Scams and Fraud.” A recording of the hearing is available here. .

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PYMNTS

JUNE 29, 2020

Infraud was created in 2010 by Svyatoslav Bondarenko, 34, of Ukraine, to promote and grow interest in the Infraud Organization as the premier destination for purchasing retail items with counterfeit or stolen credit card information online, the Justice Department alleged in the indictment. In April, a joint study by the U.S.

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PYMNTS

AUGUST 7, 2020

India has seen a steady stream of digital payments since it locked down to prevent the spread of COVID-19 , but the nation of 1.3 To address grievances, the central bank will require payment system operators to introduce an online dispute resolution center. In July, the National Payments Corp.

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PYMNTS

NOVEMBER 13, 2020

12) earnings call, Martin Lau, Tencent president, told analysts that the proposed new laws will not overly affect its online entertainment and gaming business. Jack Ma’s Ant Group is the financial arm of his Alibaba Group. On a Thursday (Nov. Regulators hinted that FinTech companies could be treated more like banks.

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PYMNTS

MARCH 18, 2019

The board held a seven-hour meeting that included 150 citizens, union representatives and advocacy groups slated to speak, reported NBC News. Late last year Amazon chose National Landing, a location that is owned by Arlington County and the city of Alexandria, as its second headquarters in conjunction with New York City.

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PYMNTS

SEPTEMBER 18, 2020

The Payments Innovation Alliance, a membership group that includes financial institutions (FIs) and payment providers, has released “ Voice Payments: An Introduction and Overview ,” designed to deliver information on conversational payments and enabling technologies, including voice assistants and smart speakers.

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PYMNTS

OCTOBER 6, 2020

To help merchants and promote Afterpay in-store payment services to individuals before the busy holiday shopping season, buy now, pay later (BNPL) firm Afterpay and Simon have announced a national collaboration. There are real opportunities for those brands that deeply understand their consumer.”.

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Perficient

MAY 27, 2022

This piece was written in collaboration with Chandni Patel, Director of Financial Services and member of Perficient’s Digital Assets Working Group. We’ll then move to the federal level, seeking regulatory guidance as to whether digital tokens are securities under the jurisdiction of the U.S. State Regulations.

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PYMNTS

JANUARY 1, 2021

As reported in this space , the DSA and DMA cover online marketplaces, social media and other platforms. The proposal also mandates more disclosure on "online advertising and on the algorithms used to recommend content to users.". In China, of course , Ant Group is reportedly being told to switch focus back to payments business.

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PYMNTS

SEPTEMBER 30, 2019

As weaknesses in authorization systems can be exploited by online thieves, financial services firms are more vulnerable to hackers and get hit 300 times more often than other businesses, according to the Boston Consulting Group. Threat Scan is part of our multi-layered security strategy to secure the payments ecosystem,” said Johan.

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PYMNTS

FEBRUARY 10, 2020

The Equifax cyberattack exposed the financial data of almost 150 million Americans and British and Canadian nationals. They were charged with conspiring to steal data and company secrets by exploiting a software vulnerability used by Equifax’s online dispute portal. “There are exceptions, though.”

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PYMNTS

APRIL 5, 2016

In the recent instance of the XSS security vulnerabilities that befell the online shopping cart Zen Cart, for example, the company acted quickly to solve its own problem. But the fact is that things don’t always sort themselves out, effectively, in the retail security game. Sometimes, that assumption is accurate.

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PYMNTS

MAY 7, 2018

The deal will give Walmart of a majority stake in the firm, roughly 75 percent of the entire Flipkart group. Online retail in India was worth about $20 billion last year but is likely to rise to $35 billion by 2019, according to Forrester. The final outcome has come as a surprise to many. billion on revenues of $2.9

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Perficient

FEBRUARY 10, 2021

While the Centers for Disease Control and Prevention(CDC ) recommends healthcare consumers over 65 get vaccinated, few communications have targeted these groups or provided understanding and navigation to how to access the vaccine in their community. Make scheduling COVID-19 vaccination appointments an easier experience online and offline.

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PYMNTS

OCTOBER 14, 2016

The same premise holds true today and poses a knotty question in online commerce and FinTech: How do you know the person on the other end of a transaction is really who they say they are? Long ago, a cartoon ran in The New Yorker showing a canine seated at a desktop computer. “On

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PYMNTS

MAY 4, 2020

Researchers have criticized blockchain and voting platforms based on the internet as not secure and as having a tendency for technical flaws. The group will offer methods for monitoring and authenticating wine, food and produce through the blockchain and has its sights on the exports to China from Australia in particular.

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PYMNTS

AUGUST 11, 2020

“Fraud prevention solutions need to address the most common types of insurance fraud, like bots that submit illegitimate bulk quotes to open fake policies by using consumer information” that is purchased or stolen, Jay Sarzen, senior analyst, Aite Group, said in the announcement.

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Abrigo

JANUARY 3, 2024

According to the National Institute on Drug Abuse (NIDA), deaths involving synthetic opioids, primarily fentanyl, continued to rise, with 70,601 overdose deaths reported in 2021. The Department of Homeland Security defines human trafficking as using force, fraud, or coercion in exchange for labor, services, or a commercial sex act.

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PYMNTS

AUGUST 18, 2019

A group of six lawmakers, led by Rep. Carolyn Maloney, Lacy Clay, Al Green and Stephen Lynch — who wrote a letter calling for Facebook to stop its plans, citing risks to security, financial stability and the control the U.S. He confirmed Facebook’s commitment that it would not look to bring Libra online in the U.S.

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PYMNTS

APRIL 26, 2020

The site, coronaprevention.com, was posted on a hacker’s forum the day after the virus was declared a national pandemic by the President, according to a complaint. The owner of a site that wanted to sell fake coronavirus cures and accept payment in bitcoin has been seized by the U.S. Attorney’s Office for the District of Colombia.

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Abrigo

JULY 21, 2021

As part of the Financial Crimes Enforcement Network’s (FinCEN) first national priorities list for anti-money laundering and countering the financing of terrorism (AML/CFT) policies, one important priority continues to be detecting, reporting, and preventing terrorist financing. Other government organizations also offer content.

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PYMNTS

FEBRUARY 13, 2020

With the two-headed Facebook-Instagram giant now bustling online marketplaces and not just social sharing platforms anymore, stakes are getting higher faster. billion phones with fingerprint scanning that will go to market at the same time, and you’ve got the makings of a serious online security upgrade. Add those to the 4.6

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PYMNTS

JUNE 1, 2017

As a result, amateur hackers are being mistaken for high-profile, government groups. Symantec Security, a leading security research firm, raised this concern in a recent blog post. Called Trojan.Bachosens , the malicious software was predominantly used by nation-state actors, which confused researchers working on the case.

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CFPB Monitor

OCTOBER 20, 2021

A group of 96 organizations and individuals, who describe themselves as consisting of “consumer, labor, civil rights, legal services, faith, community and financial organizations and academics,” have sent a letter to the CFPB urging the Bureau to regulate fee-based earned wage access (EWA) products as credit subject to the Truth in Lending Act.

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PYMNTS

MARCH 12, 2020

Last year, credit card data was stolen from online stores hosted by eCommerce software, hosting and support company Volusion. The hack is thought to be perpetrated by a hacking group called FIN6, who are allegedly involved with other big breaches, like British Airways and Newegg.

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PYMNTS

MARCH 15, 2019

Analysts say the financial struggles of small to medium-sized businesses (SMBs) are challenging the strength of the national economy, adding pressure to a market whose gross domestic product forecast for 2019 was recently cut by Mexico’s central bank. But traditional FIs are beginning to see value in financing small startups, too.

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Perficient

JULY 11, 2022

When online shopping, if a retailer has a partnership with a BNPL platform, the customer can choose it as their payment method when placing their order at checkout. But, the reality was, even though I felt more financially secure, I wasn’t technically in any less debt than I would have been had I just bought the shoes outright.

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PYMNTS

OCTOBER 13, 2020

Across the globe, terrorists and criminals are leveraging cryptos in what is gearing up to be a significant national security threat to the United States. That’s according to the U.S. and international sanctions, and decrease America’s influence in the global marketplace.

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PYMNTS

OCTOBER 17, 2017

According to a news report from Reuters , cybersecurity firm Kaspersky Lab discovered the issue after a group it was tracking, BlackOasis, used it to plant malicious software on computers before connecting them back to servers in Switzerland, Bulgaria and the Netherlands. It urged its users to fix the problem as soon as possible.

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PYMNTS

OCTOBER 21, 2020

The EBF represents the vast majority of the European banking sector through its membership, spanning 32 national banking associations from across Europe, which in turn encompass more than 3,500 banks. The great digital shift has spurred banks to examine even the most basic levels of services and bring them online.

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PYMNTS

JANUARY 7, 2019

fashion retailer Missguided is offering a pay later option through Klarna , and Nordic payments company Nets A/S and merchant payment service provider Concardis Payment Group said they have completed their merger. The card will support currencies from Australia, Japan and the U.S., 7) that they have completed their merger. ”

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PYMNTS

OCTOBER 11, 2019

Five Dutch banks recently formed a group to protect their systems against money launderers, but only after three of them shook off fines and anti-money laundering (AML) strategy investigations. Consumers want speed and personalization, but they don’t want to sacrifice security,” he said.

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PYMNTS

OCTOBER 18, 2019

Mastercard is collaborating with four eCommerce retailers — WHSmith.co.uk, Funky Pigeon, Cult Pens and The Card Gallery — to offer the Pay by Bank app to online shoppers, Mastercard announced in a press release on Friday (Oct. PbBa is designed to work with the security of a consumer’s own bank.

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PYMNTS

JANUARY 10, 2017

Low-income consumers are far more likely to find it difficult to secure mainstream credit sources and are thus much more likely to make use of high-cost alternative credit sources when financial emergencies hit, often in the form of a payday, title, tax refund anticipation or installment loan. SNAP online .

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Perficient

JULY 10, 2020

The Chartis Group estimates that 10% of the patient market for elective care will disappear. 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.

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PYMNTS

NOVEMBER 26, 2020

Turkey didn’t become standard fare on the Thanksgiving table for over another 200 years when Abraham Lincoln officially declared it a national holiday in the 1860s. A Banner Year For Buying A Turkey, Especially Online . The only outlier in the group seems to be stuffing, which, for some reason, is slightly up in price.

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Independent Banker

JUNE 30, 2022

the person who led our crop insurance group had previous experience as a lender, and he moved back into that role when we opened the loan production office there.”. Security Bank Midwest. Security Bank. American Bank, National Association. Classic Bank, National Association. The First National Bank In Sioux Falls.

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