Perficient

DECEMBER 21, 2023

Regulators to Bank Boards: “Debt is Good” Crucial Update: Extension of the Comment Period Since Perficient’s Risk and Regulatory Compliance Center of Excellence (CoE) analyzed this decision in September, a significant development has occurred. Learn More: U.S. Email: Send your comments to regulationshelpdesk@gsa.gov.

DC 221

DC FDIC Washington Compliance 221

PYMNTS

JULY 24, 2019

“This new division and these appointments position DFS as the regulator of the future, allowing the Department to better protect consumers, develop best practices, and analyze market data to strengthen New York’s standing as the center of financial innovation.”. The company then pulled the database offline.

Regulation 108

Regulation Bitcoin New York Online 108

CFPB Monitor

JANUARY 7, 2019

I am pleased to share with our blog readers that Alan Kaplinsky, who leads our firm’s Consumer Financial Services Group, was recently awarded the National Law Review’s Go-To Thought Leadership Award in Consumer Finance for his work on our blog, Consumer Finance Monitor. We certainly hope that our readers will agree.

Leadership 60

Leadership National Lending Industry 60

PYMNTS

FEBRUARY 17, 2019

According to a report in Bloomberg , Yes Bank released findings from a Reserve Bank of India risk assessment report, saying that while the regulator found several breaches across different functions at the bank, it only found “nil divergences” in how the company assessed bad loans for the year ending in March 2018.

Leadership 122

Leadership Guidelines Regulation Report 122

PYMNTS

APRIL 21, 2020

Some of the experts on hand include several renowned professors, including Pinar Ozcan, who teaches Entrepreneurship and Innovation, Luciano Floridi, who teaches Philosophy and Ethics of Information, Andrew White, who teaches Executive Education, Ivan Martinovic, who teaches Computer Science and visiting professor Alex ‘Sandy’ Pentland.

Course 246

Course Online Leadership Analytics 246

CFPB Monitor

DECEMBER 9, 2021

The CFPB has issued a final rule amending Regulation Z to address the discontinuation of the London Inter-Bank Offered Rate (LIBOR) that is currently used by many creditors as the index for calculating the interest rate on credit cards and other variable-rate consumer credit products. Change in index. Dollar LIBOR indices. (The

Regulation 78

Regulation Cards Compliance Groups 78

Abrigo

DECEMBER 10, 2021

None of the changes represent new information but rather address specific customers that may need more attention within policies, procedures, and processes due to a higher risk for money laundering, terrorist financing, and other illicit activity. The importance of the information added has been verbalized for some time. Watch Webinar.

Training 195

Training Regulation Policies ATM 195

Abrigo

JUNE 2, 2021

The guidance emphasizes a risk-focused approach to examinations and refocuses the regulators to scope each exam according to the unique financial institution, not to use a one-size-fits-all approach. Frequent communication is helpful in knowing ahead of time how the exam is going and if any clarifying information is needed.

How To 195

How To Training Compliance Policies 195

CFPB Monitor

MAY 26, 2022

Under Director Chopra’s leadership, the CFPB has regularly been sounding alarms about the potential for discrimination arising from the use of so-called “black box” credit models that use algorithms or other artificial intelligence (AI) tools.

Compliance 143

Compliance Regulation Leadership Technology 143

Abrigo

DECEMBER 8, 2021

Specific topics for your BSA board training may include the following: Give a brief history of BSA/AML The key point to make regarding the history of BSA/AML is to understand is understanding laws and regulations. An excellent place for information is FinCEN History of AML Laws. Keep Me Informed. Watch Webinar. BSA Training.

Training 195

Training Resources Video Compliance 195

Abrigo

APRIL 25, 2023

This tracking should be used to make informed, risk-based decisions on when exiting the relationship may be considered. Ask your board or executive leadership to consider the following: What is their tolerance for certain types of risk? Just ensure you check “Initial SAR” on the first page of the SAR form. Twenty-five?

Strategy 195

Strategy Training Leadership Fraud 195

Abrigo

NOVEMBER 2, 2021

The AMLA is extensive, and there are many steps involved before FinCEN can implement the act, such as conducting studies, writing regulations, and publishing guidance. He stated that "…(regulators) should talk to (banks) about the risks that they run within their institutions and jurisdictions if an AML compliance culture is not fostered.

Compliance 195

Compliance Regulation Resources Policies 195

CFPB Monitor

DECEMBER 2, 2021

Joined by two CBA representatives who previously served at the CFPB, we discuss the key arguments advanced in the white paper for why rulemaking and informal written guidance are more effective tools than enforcement for the Bureau to use to create new standards and expectations for industry and to carry out its consumer protection mission.

Leadership 78

Leadership Tools Industry Regulation 78

Abrigo

JUNE 14, 2021

As seldom seen from the regulatory authorities, the Guidelines generally defines management as senior leadership, executives, or the board of directors. Common root causes include: Lack of a formal OFAC SCP Misinterpretation or failure to understand OFAC regulations Facilitating transactions by non-U.S. BSA Rules and Regulation.

Compliance 370

Compliance Training Resources Policies 370

Perficient

AUGUST 14, 2020

Evolving Regulations – Each state has their own guidelines for managing this health crisis. Providing trusted information in real time to health systems and government health agencies is critical. We are pulling in data from multiple sources siloed from one another, yet we need a comprehensive and consumable experience.

System 519

System Analytics Strategy Guidelines 519

Abrigo

OCTOBER 17, 2023

Why change management is vital for banks and credit unions Regulators promote change management to manage risk, but banks and credit unions can also achieve important benefits when they manage change. This article describes recent comments by financial regulators about managing change.

Management 195

Management Lending Risk Management Strategy 195

Abrigo

MAY 20, 2022

Evaluating Leadership. What regulators look for in top-down guidance. keep me informed. BSA Rules and Regulation. BSA Rules and Regulation. BSA Rules and Regulation. Learn what to expect from an independent model validation. Watch Webinar. Help Staff Your BSA/AML Program with Third-Party Vendors. Learn More.

Risk Management 195

Risk Management Management FDIC Meeting 195

CFPB Monitor

APRIL 13, 2022

Since Rohit Chopra was sworn in as CFPB Director in October 2021, the report only reflects CFPB activity under the leadership of former Acting Director Uejio. Previous Directors (or Acting Directors) sometimes used the introductory message to share information about their priorities and plans for the Bureau.

Report 78

Report Leadership Analysis Lending 78

PYMNTS

MARCH 6, 2019

” Accounting strategies can not only boost transparency for regulators and visibility for a firm’s own leadership, but regulators say they can also promote security. Last October, the U.S. A recent report from CFO.com shed light on another factor driving accounting and financial transparency within corporate America.

Report 139

Report Leadership Regulation California 139

CFPB Monitor

JULY 27, 2020

In addition to discussing ongoing or past developments that we have covered in previous blog posts, the report includes the following noteworthy information: In October 2019, the Bureau created a Taskforce on Federal Consumer Financial Law. The report states that the Bureau expects to issue a final debt collection rule in October 2020.

Report 78

Report Lending Leadership National 78

Perficient

SEPTEMBER 29, 2020

In fact, working with healthcare organizations across the country, I hear from leadership over and over again: I want to create the Amazon experience! They’re highly regulated. She’s informed, but she isn’t barraged with pushy notifications. It’s information on the go! They have much bigger privacy concerns.

social media 294

social media System Retail Online 294

CFPB Monitor

JULY 14, 2022

leadership in the global financial system and economic competitiveness; financial inclusion; and responsible innovation.” According to the request for comment, additional protections are needed, particularly for “less informed market participants” and other vulnerable populations. . The Order makes no substantive conclusions.

United States 78

United States Leadership Policies Regulation 78

CFPB Monitor

APRIL 1, 2020

The CFPB has published a request for information (RFI) in today’s Federal Register seeking comments and information to assist its Taskforce on Federal Consumer Financial Law. Regulations. The questions focus on the regulations that the CFPB writes and enforces. Comments on the RFI must be received by June 1, 2020.

Regulation 78

Regulation Leadership Data Cards 78

Cisco

AUGUST 9, 2022

As these have attacks have evolved, regulatory bodies have updated their regulations to account for the increasing threat of cyber risk. This was revised in 2017, and this consistent framework is intended to be able to help leadership and the board assess their preparedness and risk over time.

Tools 114

Tools Leadership Handbook Security 114

CFPB Monitor

AUGUST 7, 2019

The DFS states that the investigation will focus on “whether companies are in violation of state banking laws, including usury limits, licensing laws and other applicable laws regulating payday lending and consumer protection laws.” It indicates that it is sending letters to members of the payroll advance industry to request information.

Industry 92

Industry Puerto Rico South Dakota North Dakota 92

PYMNTS

DECEMBER 18, 2019

The CMA informed both firms that an inquiry was underway and that a decision would be handed down on Feb. and Austria, and we continue to make progress with regulators in the U.K.”. 13 regarding a deeper probe. The agency is investigating whether Google ’s $2.6

Puerto Rico 130

Puerto Rico Data Google Alabama 130

PYMNTS

APRIL 24, 2019

As a result of the policy changes, CIDs will now provide more information about the laws that might have been violated, as well as specify the activities subject to the CFPB’s authority. Fiene joined the CFPB at its inception in 2011, and has more than 31 years of experience in regulating financial services companies.

Policies 115

Policies Leadership Maine Regional 115

PYMNTS

DECEMBER 21, 2018

. “In the early days of the internet, Congress passed legislation that provided certainty, and resisted the temptation to over-regulate the market. Our intent is to achieve a similar win for America’s economy, and for American leadership in this innovative space,” Davidson said.

Bitcoin 175

Bitcoin cryptocurrency Ohio Leadership 175

Gonzobanker

JUNE 14, 2023

Cross River Bank recently found itself in hot water with the FDIC when the agency declared that the bank engaged in unsafe or unsound banking practices in relation to its compliance with fair lending laws and regulations, specifically the Equal Credit Opportunity Act and the Truth-in-Lending Act. But fear not, compliance-conscious compadres.

Compliance 109

Compliance FDIC Strategy Fintech 109

CFPB Monitor

FEBRUARY 11, 2021

Uejio’s statement to CEEA follows the publication of his statements to the Bureau’s Division of Supervision, Enforcement, and Fair Lending and Division of Research, Markets, and Regulations. Ramp up our coordination efforts with other agencies to provide help and information to at-risk homeowners and renters.

Company 148

Company Report social media Community 148

CFPB Monitor

APRIL 20, 2022

I am concerned that TransUnion’s leadership is either unwilling or incapable of operating its businesses lawfully.”. According to the CFPB’s complaint, in October 2018, in connection with an examination of TransUnion, CFPB examiners requested information about the corporate defendants’ compliance with the 2017 consent order.

Compliance 78

Compliance Leadership Report Regulation 78

PYMNTS

MARCH 18, 2019

The Conference of State Bank Supervisors (CSBC) said last week that there should be a “floor” for data privacy and security regulations, a statement issued by the Senate Committee on Banking, Housing and Urban Affairs. Separately, in terms of regulatory news tied to fraud, legislation came this week from a pair of U.S.

California 122

California Data Security Regulation 122

CFPB Monitor

FEBRUARY 10, 2021

The MOU seeks to “improve coordination, cooperation, and efficiency generally, and to reduce the burden to institutions and examination staff” by proactively sharing information and coordinating on examinations. The MOU adds to the current collaboration framework and does not replace existing MOUs between the agencies and state regulators.

Training 78

Training Compliance Meeting Leadership 78

PYMNTS

DECEMBER 2, 2019

These groups also face a common small- to medium-sized business (SMB) challenge — needing to track every transaction to prove fiscal responsibility to donors and regulators. according to the latest figures from the IRS, which monitors and regulates such organizations. There are approximately 1.56 trillion in revenues and $2.4

Management 141

Management Taxes Groups Regulation 141

PYMNTS

JUNE 17, 2019

Congress charged the bureau with conducting financial education programs and ensuring consumers receive timely and understandable information to make responsible decisions about financial transactions,” Kraninger said. “We Regulations Abroad.

cryptocurrency 108

cryptocurrency California United States Regulation 108

CFPB Monitor

APRIL 11, 2022

By 2017, 1 st Alliance’s compliance department began to raise concerns to company leadership, including the individual defendants, that SCs were engaging in activities that would require licensing. The duties performed by the SCs/HLCs required them to hold a mortgage originator license in every state in which 1 st Alliance operated.

Connecticut 78

Connecticut Company Regulation social media 78

Abrigo

JUNE 23, 2020

We understand how important peer information is in the financial industry. It is a central location where you can go to ask industry questions, get product-specific answers, watch thought leadership webinars , and more. BSA Rules and Regulation. BSA Rules and Regulation. BSA Rules and Regulation. from time-to-time.

Software 195

Software Community Fraud Resources 195