PYMNTS

FEBRUARY 6, 2018

Reuters reported news on Tuesday that banking regulators from seven states across the United States are working to, as the newswire reported, “streamline” the FinTech reporting process, with an eye on those tech firms having an easier road toward offering their products and services across the nation.

Fintech 118

Fintech US Tennessee Washington 118

PYMNTS

MARCH 25, 2019

Beyond the CFPB, and at the state level in Illinois, a state Senate committee last week voted to approve legislation that would keep state banking regulators from punishing financial institutions, including banks and credit unions, for doing business with medical marijuana enterprises. This is still illegal federally.”

Lending 128

Lending Illinois Compliance Chicago 128

PYMNTS

NOVEMBER 8, 2020

Restaurant executives are optimistic they can make indoor dining work in a number of situations because eateries have honed protocols for maintaining environments that conform with regulations designed to counter COVID-19. Management's enthusiasm for dining rooms is easy to understand.

Illinois 118

Illinois Florida Branding Report 118

PYMNTS

JULY 10, 2020

Open banking comes in several flavors, yet its rise requires robust Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures, Zac Cohen , chief operating officer at identity verification firm Trulioo told Karen Webster in a recent interview. Regulation Vs. Market Forces. Cohen said. However, Cohen said that in the U.S.,

Data 272

Data Innovation Fintech Illinois 272

PYMNTS

SEPTEMBER 17, 2019

Interest rates on pawn loans vary as they are regulated by states. Regulations require that pawnbrokers request proof of ownership before making a deal with a potential customer — but the less reputable players in the industry have a nasty habit of forgetting to ask. So what is driving the Pawnaissance?

Ohio 151

Ohio Lending Iowa South Dakota 151

PYMNTS

DECEMBER 15, 2020

Even as the new California benefits and the fees to cover them roll out, gig economy companies are facing scrutiny in other states that are mulling adopting similar workers’ rights rules, including Illinois, Massachusetts and New York.

California 227

California New York Taxes Illinois 227

CFPB Monitor

MARCH 25, 2021

On March 23 , Illinois Governor Pritzker signed into law SB 1792 , which contains the Predatory Loan Prevention Act (the “Act”). The new law became effective immediately upon signing notwithstanding the authority it gives the Illinois Secretary of Financial and Professional Regulation to adopt rules “consistent with [the] Act.”.

Illinois 148

Illinois Lending Retail Analysis 148

PYMNTS

DECEMBER 12, 2018

Dunkin’ Donuts (soon to be simply Dunkin’) recently learned of some holes in its cybersecurity operations. The city of Bakersfield, Illinois, for example, recently disclosed that cybercriminals had compromised the third-party website Click2Gov, used to process residents’ utility and municipal payments.

Report 165

Report Payments Data Illinois 165

PYMNTS

APRIL 30, 2019

States are moving to tighten their biometric privacy laws, following the lead of Illinois, which has what are considered to be the strictest protections in the U.S. They are stealing parents’ drivers’ licenses” in order to get around the protective digital fences put up by many (but not all) eCommerce operators. The method?

Fraud 161

Fraud Illinois Regulation Online 161

PYMNTS

NOVEMBER 23, 2020

In terms of mechanics, he explained, having a national bank charter in hand from the OCC means Figure will not have to obtain licenses to provide financial services on a state-by-state basis, but instead will be enabled to deliver its offerings on a nationwide basis while tailoring its compliance to the mandates of the OCC as sole regulator.

National 215

National blockchain Montana Lending 215

CFPB Monitor

OCTOBER 17, 2022

In that case, the Seventh Circuit handed a major victory to Ballard Spahr’s client by holding that Indiana was precluded from applying its usury law to auto title loans made in person in Illinois to Indiana residents. 3) grants Congress the power “[t]o regulate Commerce. The Commerce Clause (U.S. I, § 8, cl.

Indiana 78

Indiana Minnesota Pennsylvania South Dakota 78

PYMNTS

JULY 20, 2017

One of the seemingly largest barriers for banks with blockchain technology are federal-level regulations. As blockchain does not depend on any one centralized system to operate, this likely poses a problem for the well-regulated banks around the world. From the U.K. receiving £3.6 From the U.K. receiving £3.6

blockchain 105

blockchain Bitcoin Delaware Illinois 105

CFPB Monitor

AUGUST 5, 2021

Predominately designs, controls or operates the loan program, or. The new Maine anti-evasion provision regarding when a purported agent or service provider will be deemed a lender subject to Article 2 closely tracks the anti-evasion provision in the Illinois Predatory Loan Prevention Act which became effective in March 2021. .

Maine 78

Maine Illinois Operations Payments 78

CFPB Monitor

SEPTEMBER 30, 2021

Operational objectives. Pursuant to the 1975 Magnuson-Moss Warranty Act, instead of using the Administrative Procedure Act rulemaking process, the FTC must follow specific procedures for the promulgation of trade regulation rules under Section 18 of the FTC Act. Policy priorities.

Illinois 78

Illinois Policies Tools Regional 78

PYMNTS

DECEMBER 18, 2018

The mileage rate increase should spur businesses to consider how they reimburse the drivers who are part of everyday business operations, especially in the age of the mobile (literally) worker. Against that backdrop, said Lackey, “I would expect to see businesses looking more closely” at such operating costs. Beginning Jan.

Compliance 148

Compliance San Francisco Operations Taxes 148

Independent Banker

MAY 31, 2022

We would then assemble the incident response team, contact regulators and law enforcement and notify any customers who may have been exposed,” says Wyatt. “We William Atkinson is a writer in Illinois. Fraud-fighting recommendations. Tailor cybercrime training for the home environment if your bank still has “work from home” employees.

Community Bank 134

Community Bank Community Fraud Texas 134

CFPB Monitor

FEBRUARY 3, 2022

The decision could have significant implications for all providers of consumer credit whose operations involve cross-border lending. Thus, by extending loans to Pennsylvanians, TitleMax takes an interest in property located and operated in Pennsylvania. Constitution. In TitleMax of Delaware, Inc. citations omitted.).

Pennsylvania 147

Pennsylvania Analysis Security Indiana 147

CB Insights

FEBRUARY 22, 2018

It also employs 100,000 people and has a complicated web of suppliers and business operations. ILLINOIS GOVERNMENT PILOTING LEDGERS FOR LICENSING. The Illinois Department of Financial and Professional Regulation (IDFPR), which manages physician licensing, is exploring a pilot with Hashed Health to reduce internal complexity.

blockchain 78

blockchain Illinois cryptocurrency Industry 78

CFPB Monitor

JANUARY 19, 2021

On January 13, 2021, the Illinois legislature overwhelmingly passed SB 1792 (the “Act”), intended to, among other things, overhaul the state’s consumer finance laws. SB 1792 separately amends the Illinois Consumer Installment Loan Act and the Payday Loan Reform Act to apply this same 36% MAPR cap.)

Illinois 60

Illinois Retail Operations Lending 60

PYMNTS

DECEMBER 1, 2017

The New York AG isn’t the only regulator that’s taken an interest in this story. Uber is also under investigation by the attorneys general of New York, Missouri, Massachusetts, Connecticut and Illinois. Privacy regulators for the European Union said Wednesday (Nov. authorities seeking an explanation.

New York 144

New York Data Regulation Washington 144

Independent Banker

NOVEMBER 30, 2022

Once we’ve been here for 10 years, we are awarded a three-month paid sabbatical,” says Emilie Johnston, chief operations officer. We don’t operate from a position of fear.”. size businesses and individuals throughout Illinois, Wisconsin, Indiana and Florida. Reasons to stay. Two of us have gotten to take it so far.

Community Bank 169

Community Bank Community Montana Leadership 169

Independent Banker

SEPTEMBER 21, 2015

It teaches bankers how to develop a compliance program, meet lending compliance requirements, and comply with deposit and marketing regulations. Many have been bankers themselves, and sometimes regulators or attorneys. Ed Avis is a freelance writer in Illinois. Compliance. Bank security. Information technology.

Compliance 70

Compliance Community Bank Community Training 70

PYMNTS

FEBRUARY 10, 2020

firms operating on an international scale — is about to get more heated. Last week in India, the government proposed a tax on eCommerce transactions that will likely increase operating costs for sellers large and small. The jousting over eCommerce taxes — especially for U.S.

Taxes 175

Taxes Illinois Study Operations 175

MyBankTracker

MARCH 3, 2021

Lemonade is a fully licensed and regulated insurance company that serves customers in both the U.S. Lemonade advertises itself as a lower-cost insurance provider due to their lean approach to operations. In some states, there are regulations that prevent them from replacing an active term policy: Florida. What is Lemonade?

Policies 52

Policies CA Apple Wyoming 52

PYMNTS

MARCH 21, 2017

If the rules pass as present, long-term might be something of a huge misnomer, since, by even the CFPB’s own in-house estimates, some 85 percent of the nation’s currently operating short-term lenders would be knocked out of business. So how did that war gaming look? The Problem.

Lending 100

Lending Regulation Illinois Innovation 100

Independent Banker

SEPTEMBER 30, 2021

Another reason pen tests are increasingly common is that regulations and PCI compliance require banks to furnish annual pen test results. The biggest knock on multifactor authentication is inconvenience, according to Joel Williquette, ICBA’s senior vice president of operational risk policy. Ed Avis is a writer in Illinois.

Community 139

Community Community Bank social media Security 139

PYMNTS

AUGUST 12, 2020

Its partnership with Turner Media on the match between Tiger Woods and Phil Mickelson integrated DraftKings odds into the broadcast as an additional fan touchpoint, resulting in DraftKings being “official vending operators overlaid onto the PGA tour live OTT application.”. The company recently expanded into Illinois via a casino partnership.

User Experience 225

User Experience New Hampshire San Francisco Oakland 225

Celent Banking

APRIL 26, 2016

The TMC channel was a loyal companion during graduate school days at the University of Illinois, offering a comforting black and white backdrop to frequent all-day programming sessions, and today I frequently call on TMC to get me through my daily hour-long treadmill sessions. I'm a big fan of the old movie classics.

Chicago 100

Chicago Training Illinois System 100

CFPB Monitor

FEBRUARY 23, 2022

The new anti-evasion provision regarding when a purported agent or service provider will be subject to the SLA closely tracks the anti-evasion provisions in the Illinois Predatory Loan Prevention Act which became effective in March 2021 and amendments made to Maine’s Consumer Credit Code that became effective in June 2021. .

New Mexico 78

New Mexico Illinois Operations Marketing 78

PYMNTS

NOVEMBER 29, 2016

That is because after almost two years of speculation on the subject, as of early January it was clear that Consumer Financial Protection Bureau (CFPB) was finally going to release proposed new regulations for the entire short-term lending industry. Even the titans of payday lending aren’t operating with thick or even comfortable margins.

Lending 100

Lending Regulation Groups Innovation 100

PYMNTS

APRIL 26, 2016

Which brings us to payday lending and its proposed regulation – a subject that has turned out to be the Berserk Button for a shocking number of consumer right advocates, congressmen, regulators, Senators, preachers, industry representatives business people and consumers. So why all the fuss? The scale isn’t there.”.

Lending 100

Lending Regulation Industry Illinois 100

Jeff For Banks

DECEMBER 12, 2017

Nasdaq: OSBC) Old Second is a single-bank holding company headquartered in Aurora, Illinois. billion of assets and operates twenty five branches in the western suburbs of Chicago. That got regulator's attention in the form of a May 2011 Consent Order (CO). Summit also operates an insurance subsidiary. Well done!

Minnesota 60

Minnesota West Virginia Virginia Iowa 60

CB Insights

MAY 23, 2019

Zenefits skirts compliance regulations. Zenefits skirts compliance regulations. In addition, regulators claimed that as many as 80% of insurance plans sold in Washington state by Zenefits reps were sold illegally by unlicensed brokers. Table of contents. Theranos and the revolutionary blood tests that never existed.

Fraud 78

Fraud Las Vegas Company Video 78

CB Insights

JANUARY 4, 2018

Similar to audit, compliance follows a methodical, repetitive process, and regulators themselves are some of the earliest adopters of AI to aid in enforcing compliance with the regulatory requirements they mandate. It was scooped up in Q4’17 by Illinois-based trading software developer Trading Technologies. COMPLIANCE OFFICERS.

Software 75

Software Compliance Training Google 75

CB Insights

AUGUST 25, 2017

Ultimately, the use cases for a transparent, verifiable register of transaction data are practically endless — especially since blockchain operates through a decentralized platform requiring no central supervision, while still remaining resistant to fraud. Payments and money transfers. Ride sharing.

blockchain 78

blockchain Industry Bitcoin Security 78

PYMNTS

MARCH 2, 2020

For game makers operating in China, new licensing requirements are on the horizon, especially for those that rely on iOS. I will be surprised if there aren’t five votes to invalidate the CFPB’s current structure,” WSJ quoted University of Illinois law-school dean Vikram Amar as stating. International Tax Policy.

Taxes 130

Taxes Illinois Regulation Mobile 130

PYMNTS

FEBRUARY 26, 2019

By centralizing our expertise and attention, the new task force will be able to focus on these markets exclusively — ensuring they are operating pursuant to the antitrust laws, and taking action where they are not.”. billion antitrust fine over what the EU called an abuse of the Android operating system.

North Carolina 116

North Carolina Google New Jersey Connecticut 116