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.

Groups 78

Groups Industry Regulation National 78

PYMNTS

NOVEMBER 13, 2020

As government regulators in China increase tech industry oversight, Tencent said it will comply with new laws intended to curb antitrust activities and tighten FinTech acceleration, according to a Bloomberg report on Friday (Nov. The regulators are looking more closely at transaction-based platforms, Lau said, per Bloomberg.

Regulation 227

Regulation social media Video Groups 227

PYMNTS

JANUARY 1, 2021

If 2020 was the year of streaming media, of content done a million different ways, of apps and Apple, and Google’s and Amazon’s algorithms … it was also the year of Big Tech regulation, where 2020 set the stage for a 2021 that could be seismic in changing the way companies — from Facebook to Apple to debt collectors — interact with consumers.

Regulation 352

Regulation social media Course Apple 352

CFPB Monitor

SEPTEMBER 22, 2022

Expressing a range of concerns, several key industry groups submitted comments to the Federal Trade Commission (“FTC”) last week regarding its proposed rule that would impose new substantive and disclosure obligations on auto-dealers in the auto finance process.

Regulation 148

Regulation Groups Customer Experience Retail 148

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 Regulation Compliance 78

CFPB Monitor

FEBRUARY 7, 2024

Several national and Texas banking and business trade groups have filed a lawsuit in the U.S.

Texas 78

Texas Community Groups FDIC 78

Perficient

APRIL 2, 2021

The five federal agencies are: the Consumer Financial Protection Bureau (CFPB), the Federal Deposit Insurance Corporation (FDIC), the Federal Reserve Board (Fed), the National Credit Union Administration (NCUA) and the. Office of the Comptroller of the Currency (OCC). Cybersecurity.

Regulation 309

Regulation Industry Risk Management Analysis 309

PYMNTS

JULY 7, 2020

Now there’s the Retail Industry Leaders Association (RILA) asking for help with mandating mask guidance regulations to protect store personnel. Social media has been full of news of anti-maskers wrecking displays – and weeks ago, even attacking a store clerk because of regulations requiring them to mask up inside stores.

Retail 151

Retail Groups social media Policies 151

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

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 Data Regulation 129

PYMNTS

JANUARY 21, 2021

billion acquisition of Future Group ’s retail assets. Amazon had been pushing Indian regulators , including the Bombay Stock Exchange and the securities board, to stop Reliance from taking over Future — a supermarket and high-end food store chain with more than 1,500 locations across India. Regulatory battles may remain for the deal.

Retail 130

Retail Regulation Groups Security 130

PYMNTS

NOVEMBER 16, 2018

The shift could possibly cause payments to move underground and particularly impact nations that are dependent on remittances, Reuters reported. But the checks by banks help to quell these kinds of violations, so the situation has caused frustration for regulators. 16) that the practice still fell in popularity in 2017.

Regulation 190

Regulation National Survey Regional 190

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.

National 60

National Groups Fintech Payments 60

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

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 Regulation Compliance 68

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.

Regulation 78

Regulation Groups Analysis Lending 78

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

Perficient

AUGUST 16, 2023

Heartland Tri-State began operations in 1985 under the name First National Bank of Elkhart. In 2011, Hanes put together a local investment group that purchased the bank from its former holding company, and he became President and CEO of the new bank. He was promoted to President and CEO in 2008.

United States 221

United States Kansas FDIC Risk Management 221

PYMNTS

DECEMBER 26, 2018

There will also be a significant increase in nation-state attacks, infecting routers and networks connected to storage devices worldwide, while terrorist-related groups will work to carry out cyberattacks on cities through Crimeware-as-a-Service (CaaS). Ackerman also warned that another wave of ransomware is expected to hit in 2019.

National 192

National Washington Data Security 192

PYMNTS

OCTOBER 24, 2019

The Kenyan National Assembly is considering a law that would make mobile lenders in the country subject to central bank oversight, which would force them to reveal transactions fees and interest rates before they dole out loans. According to the nation’s central bank, “customers will be scored and advised of their credit limit.

Mobile 101

Mobile Regulation Lending National 101

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 Marketing 78

PYMNTS

DECEMBER 10, 2018

And as reported by sites such as American Banker and National Law Review , a bipartisan group of senators is working on a bill that may reform the Bank Secrecy Act, which in turn may raise the threshold for reporting currency transaction reports to $30,000, from the current levels of $10,000.

Regulation 172

Regulation Fintech FDIC National 172

PYMNTS

AUGUST 14, 2019

The National Payments Corp. India’s digital payments market is expected to hit $1 trillion by 2023, according to a report by Credit Suisse Group AG. Indians love WhatsApp and will love the convenience of transacting through the app,” Prabhu Ram, head of the Industry Intelligence Group at CMR, said in May. “I

Compliance 100

Compliance National Payments Trends 100

PYMNTS

MARCH 9, 2020

And, even though the committee is aiming to receive permission to seize digital currency, the outlet reported that multiple nations around the globe have been auctioning seized digital currencies. His proposal splits digital assets into cryptocurrency, crypto-commodity and crypto-security.

Bitcoin 172

Bitcoin Regulation Arizona cryptocurrency 172

PYMNTS

MARCH 24, 2019

Australia is including an additional $390 million in its new budget to boost its financial regulation sector, according to Reuters. In addition, National Australia Bank advisors engaged in misconduct and illegal activity, including misappropriation of client funds, according to the report.

Regulation 111

Regulation National Report Groups 111

PYMNTS

AUGUST 19, 2019

The Australian Securities and Investments Commission (ASIC) is just weeks away from filing lawsuits against the country’s biggest banks, as the regulator increases its active investigations, Reuters reported on Monday (Aug. Big banks defended their use of auditors as consultants, which led to allegations of conflicts of interest.

Regulation 109

Regulation Groups Report National 109

PYMNTS

FEBRUARY 12, 2019

Lawmakers and regulators in the U.K. Reuters , citing lawmakers and regulators in the U.K., Reuters , citing lawmakers and regulators in the U.K., Meanwhile, Charles Randell, Payment Systems Regulator (PSR) chair, told a committee that everyone is in agreement that the system needs to be looked at with fresh eyes.

Regulation 108

Regulation System ATM Groups 108

CFPB Monitor

FEBRUARY 8, 2024

trillion, private student loans approaching $129 billion, strident consumer group advocacy, and national elections on the horizon, student loan origination and servicing continues to be a focal point for federal and state regulators. With federal student loans approaching $1.7

National 78

National Regulation Groups 78

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

DECEMBER 7, 2020

UK Regulations to Create New Digital Markets Unit. antitrust regulators are creating a Digital Markets Unit that will be given the duty to enforce rules applicable to Big Tech firms. Regulators also called out the tech company’s warranty terms for not covering water damage. According to the U.K. a lab with pure water).

Apple 143

Apple Regulation Taxes Marketing 143

PYMNTS

MAY 8, 2019

Credit union (CU) and bank trade groups are locked in another battle, this time arguing about oversight by the Consumer Financial Protection Bureau (CFPB). Jim Nussle, president and CEO of the Credit Union National Association (CUNA), recently requested that all CU supervision be handled by the National Credit Union Administration (NCUA).

Groups 108

Groups National Meeting Industry 108

PYMNTS

AUGUST 29, 2017

As Australian regulators continue to press the nation’s largest banks for fairer small business lending practices, a new small- to medium-sized businesses (SMB) lending platform is headed for the market. Australian Finance Group said Monday (Aug.

Groups 109

Groups Lending Training Regulation 109

PYMNTS

SEPTEMBER 24, 2019

Bank of Japan Head Haruhiko Kuroda spoke to business leaders in Osaka about the importance of having a coordinated global plan to regulate Libra and other cryptocurrencies, Reuters reported on Tuesday (Sept. He urged policymakers to ensure that the highest level of regulation is applied to such assets.

Regulation 108

Regulation social media cryptocurrency Policies 108

PYMNTS

JULY 21, 2019

The long-running proposed $26 billion T-Mobile-Sprint merger is close to getting a go-ahead from federal regulators. . In June, a group of U.S. In June, a group of U.S. wireless market would be dominated by three national players, putting the new company second to Verizon and ahead of AT&T. . billion annually.

Mobile 148

Mobile Regulation New York National 148

PYMNTS

MARCH 9, 2020

The group, which represents brands including Clorox and Colgate-Palmolive, among others, wants the Justice Department to stop merchants from heavily increasing prices on key coronavirus prevention supplies, such as masks and hand sanitizer, CNBC reported.

Groups 144

Groups Branding Fraud Compliance 144

PYMNTS

SEPTEMBER 30, 2020

The House committee held a hearing on the idea after Acting Comptroller of the Currency Brian Brooks in July proposed a new special purpose national banking charter for payments companies. They argue that the OCC would oversee the new charter holders — but not as rigorously as state regulators would.

Regulation 349

Regulation National System Industry 349

Payments Source

SEPTEMBER 30, 2020

Various trade organizations sent letters to a House Financial Services Committee task force saying lawmakers should "actively discharge their oversight prerogatives" as the national bank regulator considers giving licenses to companies that do not accept deposits.

Groups 87

Groups National Regulation Payments 87