PYMNTS

JUNE 18, 2020

The London-based trade group for Europe’s ePayments community is waiting for the European Banking Authority , the European Union (EU) banking regulator, to provide the 27-nation bloc with an update on Strong Customer Authentication (SCA). The implementation delay gives regulators an opportunity to get it right, Rodgers said.

Groups 131

Groups Regulation Fraud Security 131

PYMNTS

FEBRUARY 25, 2019

The Conference of State Bank Supervisors (CSBS) said earlier this month that it had put in place a set of action items to standardize the national experience of FinTechs and non-bank entities. We have formed a working group of state regulators to develop the model.

Regulation 147

Regulation Fintech Community Bank Community 147

PYMNTS

JANUARY 18, 2017

The National ATM Council (NAC) argued in testimony to the Committee on Consumer Affairs of the New York City Council last week that a proposed ordinance would impose costly and burdensome new security regulations on ATM operators all around the city. said Renard in the same press release.

ATM 100

ATM National New York City New York 100

PYMNTS

SEPTEMBER 30, 2020

House committee this week began reviewing the idea of allowing the likes of Amazon or Facebook to receive charters to operate as banks — an idea that’s already gotten plenty of pushback from traditional financial institutions (FIs). This means getting regulation right is critical.

Regulation 349

Regulation National System Industry 349

PYMNTS

SEPTEMBER 23, 2020

Plus, the State Administration for Market Regulation in China has fined Luckin Coffee and other firms. The idea of a digital token has been touted by a number of nations and firms lately. Chinese Regulator Fines Luckin, 43 Other Companies In Fraud Case. The regulator said on Tuesday (Sept.

Cards 214

Cards Google Regulation cryptocurrency 214

PYMNTS

SEPTEMBER 28, 2020

s license to operate on Monday (Sept. 28), ending a 10-month fight between the ride-hailing company and regulators, The Wall Street Journal reported. based group, filed a lawsuit against Uber in the District Court of Amsterdam, where Uber’s European headquarters is located. A London judge reinstated Uber Technologies Inc. 's

Regulation 150

Regulation Groups Data Operations 150

PYMNTS

JANUARY 25, 2021

In today’s top payments news around the world, India’s central bank wants stricter regulations for big shadow lenders, while global foreign direct investment (FDI) dropped last year and the pandemic will continue to impact it this year. The central bank of India wants more stringent regulations for large shadow lenders.

United States 217

United States Regulation Payments Lending 217

PYMNTS

APRIL 9, 2020

A Travelex spokesman told the WSJ that the firm got advice from security experts on how to proceed, and have kept its investors and regulators up to date on the recovery. The hacking group, also known as REvil, told the BBC that they gained access to the company’s computer network last year and downloaded 5GB of sensitive customer data.

Report 279

Report Groups Data Cards 279

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 trends toward modernizing the banking system were only accelerated by lockdowns and shutdowns of brick-and-mortar locations. “If

Data 317

Data Regulation National Examples 317

PYMNTS

NOVEMBER 15, 2020

The BoE is among the global regulators looking at how to deal with digital currencies, which have become more of a clear prospect for the near future as the pandemic keeps people away from physical spaces. He said it has "huge implications" on payments as well as the general way society would operate.

Innovation 259

Innovation National Regulation Report 259

PYMNTS

MARCH 20, 2020

The vice president of policy and legal affairs at DJI, Brendan Schulman, said the Federal Aviation Administration should “readily grant waivers on restrictions that might impede beneficial operations.” . There are many use cases for drones that can aid the nation,” said Lisa Ellman, the group’s executive director.

California 315

California Apple Policies National 315

CFPB Monitor

OCTOBER 4, 2018

On September 21, 2018, the Attorney General for the State of Washington filed a lawsuit (see complaint ) against several companies engaged in purchasing charged-off consumer debts, for operating as “collection agencies” without a license, in violation of the Washington Collection Agency Act (WCAA).

Washington 84

Washington Operations Regulation National 84

PYMNTS

JANUARY 7, 2021

In today’s top payments news around the world, China’s Ant Group is mulling the creation of a new consumer loan unit, while the British financial watchdog Financial Conduct Authority (FCA) warned that the pandemic could flatline financial services companies. Ant Plans Credit Unit Overhaul to Avoid Sharp Drop in Loans.

Survey 172

Survey Payments Groups Data 172

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. In the report from the U.S. and international sanctions, and decrease America’s influence in the global marketplace.

cryptocurrency 206

cryptocurrency United States social media Regulation 206

PYMNTS

JUNE 19, 2019

The G7 wants to create a working group that will investigate how to make sure that there are proper controls against the threat of money laundering with cryptocurrencies as well. Also participating in the working group will be the International Monetary Fund.

cryptocurrency 193

cryptocurrency Groups Meeting System 193

PYMNTS

FEBRUARY 6, 2020

5) hearing before the House Financial Services Committee , representatives from several consumer groups said “rent-a-bank” schemes harm consumers through predatory lending. In terms of general practice, lenders, including those that operate online, must partner with chartered banks.). At a Wednesday (Feb. The Rent-a-Bank Scheme.

Utah 130

Utah National California Regulation 130

PYMNTS

OCTOBER 19, 2020

Regulation. Two government officials from European nations have advocated to have watchdogs engage in preventative measures against Big Tech to reduce their strength and handle on the market, according to reports. The new regulations would also reshape the manner in which these companies collect and harness information.

Taxes 143

Taxes Compliance Regulation Google 143

PYMNTS

AUGUST 29, 2018

In other news, the Alabama Securities Commission (ASC) is working on “Operation Cryptosweep” with the North American Securities Administrators Association, AL.com reported. In addition, the operation has caused 47 enforcement actions to come to pass since it started in May.

Alabama 100

Alabama Operations Bitcoin cryptocurrency 100

PYMNTS

DECEMBER 29, 2020

“Though the industry moved to enable interoperability of mobile wallets in 2018, this is limited to only P2P payments, and is yet to be expanded to both merchant and agent interoperability and even to work seamlessly at P2P,” according to the draft of the Kenya National Payments System 2021-2025 report. million people use M-Pesa.

National 160

National Policies Mobile Payments 160

Cisco

JUNE 7, 2022

The past 20 years have visibly demonstrated the impact large scale events have on market, credit, and operational risks in financial services. The subsequent regulatory activity in response to these events focused on operational risks. Cyber risk is the largest and fastest growing operational risk within financial services.

Risk Management 118

Risk Management Management Cyber Security Handbook 118

PYMNTS

APRIL 14, 2020

Gig workers’ rights and benefits — including healthcare and access to unemployment — have become key topics debated by regulators in th e United States as they work to figure out how to provide support. and other countries is the way consumers and regulators th ink about it. How The Pandemic Is Impacting Business Regulations.

Regulation 285

Regulation Examples United States National 285

PYMNTS

MAY 19, 2020

In other news, the government of Iran is aiming to limit digital currency exchanges with so-called “currency smuggling” regulations, CoinDesk reported. Multiple crypto operations serving the country, however, are legally based in other nations.

Data 212

Data Bitcoin cryptocurrency Taxes 212

PYMNTS

AUGUST 25, 2016

That focus provides insights into the direct link between lenders, their SME borrowers and the communities in which those businesses operate. But Clearinghouse CDFI can also offer interesting insight into the state of regulation of small business lending and how greater oversight may impact the SMEs that prop up their local communities.

Regulation 100

Regulation Lending Community California 100

Abrigo

AUGUST 20, 2021

When the Financial Crimes Enforcement Network (FinCEN)’s released its inaugural national priorities list for policy related to anti-money laundering and countering the financing of terrorism (AML/CFT), one of the eight priorities included on the list was transnational organized crime (TOC). BSA Rules and Regulation. BSA Training.

Training 195

Training Strategy Fraud National 195

South State Correspondent

JUNE 7, 2023

ERC Assist works with a nationally recognized, top-tier accounting firm specializing in financial institutions and has helped more than 25 banks collate the data and documentation needed to file an ERC claim. Unable to hold in-person meetings—with customers, partners, regulators, industry representatives, and more.

Taxes 195

Taxes Meeting Operations ATM 195

PYMNTS

SEPTEMBER 21, 2020

Plus, Western Union is collaborating with Isabel Group to provide payments in Belgium. Bankia and CaixaBank recently said that they are combining in an arrangement that, if given the green light by shareholders and regulators, would make the biggest financial institution in the country. International Trade Shows Signs Of Recovery.

Payments 141

Payments Groups National Regulation 141

PYMNTS

OCTOBER 1, 2019

Anil Ambani , group chairman of the non-bank financial company (NBFC), revealed the firm’s plans on Monday (Sept. 30), Reuters reported , noting that the company is struggling to overcome “collateral damage” resulting from a slowing national economic and a broader “crisis,” the publication said, in India’s lending sector.

Capital 109

Capital Lending Regulation Operations 109

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. These updates are in the sections for Charities and Nonprofit Organizations , Independent Automated Teller Machine (ATM) Owners or Operators , and Politically Exposed Persons (PEPs).

Training 195

Training Regulation Policies ATM 195

PYMNTS

JULY 23, 2020

This will help the Volkswagen Group achieve global efficiencies at its plants. At the same time, we are creating the pathway for partners to scale their applications and optimize their own operations. This way, everyone will benefit.”.

Industry 150

Industry National Tools Regulation 150

Perficient

JUNE 5, 2020

Secure software practices are at the heart of all system development; doubly so for highly regulated industries such as health-care providers. This includes static application structure, dynamic application behavior, third-party component patch/version levels, and overall deployment environment compliance with hardened operating systems.

Compliance 332

Compliance Security Software System 332

Independent Banker

OCTOBER 1, 2021

However, if the bank is underperforming peers, the peer group itself is dismissed as irrelevant (“we’re a lot different than those banks anyway…”). Bank regulators created the UBPR “peer analysis” to help further their own mission of prudential regulation, and it’s not a great substitute for the bank’s own performance benchmarking.

Analysis 91

Analysis Texas Groups Examples 91

PYMNTS

MAY 22, 2019

WeChat Pay is a unit of Tencent’s popular WeChat mobile messaging platform, while Alipay is operated by Ant Financial, an affiliate of Chinese eCommerce giant Alibaba. In a statement to Reuters, Tencent said its WeChat Pay unit meets all regulations in the countries where it operates. “As

Taxes 158

Taxes Regulation Payments System 158

PYMNTS

SEPTEMBER 26, 2018

Australian regulators on Tuesday (Sept. Regulators probed the banks’ breaches of law in a review scrutinizing operations between 2014 and 2017, according to reports. The nation named a new Small Business Minister last month, part of a broader government reshuffling that placed SMBs closer into focus for policymakers.

Regulation 108

Regulation National Compliance System 108

PYMNTS

MARCH 12, 2019

The Australian Securities and Investments Commission (ASIC) is criticizing top Australian banks for what the regulator said is an inefficient process of reviewing internal systems that allowed the banks to charge excess fees to customers. The Royal Commission has referred two dozen cases for regulators, which could result in prosecution.

Regulation 108

Regulation National Resources Security 108

PYMNTS

MAY 19, 2020

In other news, the government of Iran is aiming to limit digital currency exchanges with so-called “currency smuggling” regulations, CoinDesk reported. Multiple crypto operations serving the country, however, are legally based in other nations.

Bitcoin 148

Bitcoin cryptocurrency Taxes Security 148

PYMNTS

FEBRUARY 7, 2020

The committee will listen to a few trade groups from automakers and technology companies, as well as a transit official from San Francisco and a few different safety advocates. Legislators have been working for years on legislation to get rid of the barriers that would allow the vehicles to operate freely on roads.

San Francisco 174

San Francisco Technology National Regulation 174

PYMNTS

FEBRUARY 26, 2019

Meanwhile, South Korean cryptocurrency exchange Coinbin has declared bankruptcy after losing millions of dollars due to “increased debt” and “government regulation.” A group of central securities depositories (CSDs) in Europe and Asia are looking to work together “on infrastructure to custody digital assets.”

Bitcoin 109

Bitcoin blockchain Report cryptocurrency 109