CFPB Monitor

DECEMBER 4, 2023

Tomorrow, the House Financial Services Committee’s Subcommittee on Digital Assets, Financial Technology and Inclusion will hold a hearing entitled “Fostering Financial Innovation: How Agencies Can Leverage Technology to Shape the Future of Financial Services.” The witnesses will be: Valerie A. Continue Reading

Innovation 78

Innovation Financial Technology Policies Compliance 78

PYMNTS

SEPTEMBER 17, 2020

In notes on its most recent (August) meeting of the bank’s Payments System Board, the members said that “at present there is not a strong public-policy case for issuance in Australia, given that the electronic payments system in Australia compares very favorably with those in many other countries and access to cash remains good.”.

Policies 181

Policies Boston Examples ATM 181

CFPB Monitor

FEBRUARY 12, 2024

On February 2, 2024, three Republican members of the House Financial Services Committee sent a letter to Federal Deposit Insurance Corporation (“FDIC”) Chair Martin Gruenberg expressing concern regarding what the congressmen perceive to be the FDIC’s attempts to reduce engagement with industry participants on financial technology and innovation.

Innovation 78

Innovation FDIC Regulation Financial Technology 78

CFPB Monitor

JANUARY 14, 2019

The Cato Institute announced that it will hold a policy forum in Washington, D.C. on January 17, 2019 at which the topic will be “Promoting Fintech Innovation and Consumer Choice: The Role of Regulatory Sandboxes.”. The forum will feature Paul Watkins, Director of the CFPB’s Office of Innovation at the CFPB.

Policies 74

Policies Innovation Fintech Washington 74

CFPB Monitor

OCTOBER 2, 2019

Paul Watkins, Director of the CFPB’s Office of Innovation, joined Ballard Spahr partners Alan Kaplinsky and James Kim yesterday for a discussion of the CFPB’s final innovation policies. In some circumstances, it may be advisable to submit applications under more than one policy.

Policies 60

Policies Innovation South Carolina Indiana 60

PYMNTS

FEBRUARY 5, 2020

Retailers that sell products and services online have been steadily removing payment frictions from their online checkout processes, adopting checkout features like refund policies and free shipping. And, in grocery, innovators are connecting retailers with shoppers to help sell surplus food that might otherwise go unsold.

Retail 130

Retail Innovation Policies Data 130

Chris Skinner

AUGUST 31, 2016

The Bank makes clear it’s not the opinions of the institution … The post Could central bank digital currencies kill monetary policy? Not a consumer bank of course – none of those blog – but a good old central bank. appeared first on Chris Skinner's blog.

Policies 253

Policies Course blockchain Innovation 253

Independent Banker

OCTOBER 1, 2022

Every year, ICBA surveys the industry and its members to identify their top concerns as part of its innovation strategy. Our bankers face both challenges and opportunities as they work to stay ahead of cybercriminals, paying attention to innovative solutions and partners to mitigate cyber risk. Visit ICBA’s website to learn more.

Innovation 139

Innovation Community Bank Training Community 139

ABA Community Banking

JANUARY 12, 2022

The post Edwards Discusses Innovation, Talent, Hot Policy Issues on IntraFi Podcast appeared first on ABA Banking Journal. In the interview, Edwards discussed how he has championed emerging leader talent development as CEO of United Bank in Griffin, Georgia.

Policies 52

Policies Innovation Georgia Community Bank 52

CFPB Monitor

OCTOBER 17, 2019

In this podcast, Paul Watkins, Director of the CFPB’s Office of Innovation, joins us to discuss the CFPB’s final trial disclosures, no-action letter, and FinTech sandbox policies.

Policies 60

Policies Innovation Regulation Fintech 60

PYMNTS

MARCH 12, 2020

As long as the weather’s still cold and people are not voluntarily and strictly carrying out isolation policies and quarantining, this is going to spread,” he said. An Opportunity for Innovation . As the situation evolves, Wang told Webster, the innovative responses are doing the same. billion RMB ($6.4

Innovation 283

Innovation Policies social media Examples 283

PYMNTS

JANUARY 14, 2021

In today’s top payments news around the world, Grab Financial Group said it has raised $300 million in a funding round, while the Saudi Arabian Monetary Authority (SAMA) is introducing an open banking policy. Saudi Arabia’s Open Banking Plan Aims To Advance Digital Innovation.

Innovation 138

Innovation Policies Groups Payments 138

PYMNTS

AUGUST 12, 2020

With more investment comes more innovation, which will be imperative for the sector to adjust its market strategies to fit the new normal of today. First, she said SMBs should closely examine their existing policies and coverage to determine what lines of support are out there already.

Policies 229

Policies Marketing Strategies Industry Payments 229

Bank Innovation

MARCH 27, 2018

EXCLUSIVE— P2P payment app Venmo will make live changes to its privacy policy starting Thursday, March 29. Among those updates, Venmo is clarifying how it uses consumer data.

Policies 170

Policies Data Payments Company 170

CFPB Monitor

MAY 31, 2022

Associate Director Evangelista stressed “responsible innovation” by the cryptocurrency industry, in order to protect consumers and national security interests, as well as to combat cybercrime and other illicit financial activity. Responsible Innovation “. Responsible Innovation “.

cryptocurrency 146

cryptocurrency Innovation DC National 146

Payments Dive

MARCH 5, 2020

tax policy at Avalara, explains why the technological innovation taking place across the convenience store industry has drastically increased the burden of product management, compliance, and shipping on businesses placing their stake in the omnichannel landscape. Scott Peterson, VP of U.S.

Taxes 371

Taxes Policies Compliance Innovation 371

CFPB Monitor

OCTOBER 16, 2014

Klein The CFPB published for comment in today’s Federal Register a proposed policy on issuing “no-action” letters for innovative financial products or services. The proposal is part of Project Catalyst, the CFPB’s initiative for facilitating innovation in consumer-friendly financial products and services.

Policies 95

Policies Innovation Examples Data 95

Bank Innovation

MARCH 16, 2018

INV Fintech, Bank Innovation’s accelerator arm, has seen an increase in applications from India, and currently has two Indian companies in its accelerator. To facilitate the creation of an entrepreneurial and innovative ecosystem, the Government of India, through its premier policy Think Tank called the Niti.Read More.

Policies 375

Policies Innovation Fintech Company 375

CFPB Monitor

FEBRUARY 22, 2016

Consent Orders, Informal Guidance, and the New No-Action Letter Policy” Register here. The CFPB has issued a final policy statement on issuing “no-action” letters (NAL) for innovative financial products or services. The final policy statement substantially follows the CFPB’s proposal.

Policies 60

Policies Innovation Regulation Resources 60

BankUnderground

JANUARY 12, 2022

Most economists rely upon the structural gravity model as a best tool to analyse the impact of trade policies on bilateral trade flows. This is problematic, as in practice many policy-relevant trade costs are country-specific. But, once such fixed effects are included, the impact of any country-specific policy of interest is subsumed.

Policies 80

Policies Analysis US Data 80

BankUnderground

AUGUST 31, 2022

But while some of this development can build on well-grounded principles for financial stability policy, other aspects are likely to come up against three timeless challenges, requiring novel and innovative thinking to overcome. Figure 1 summarises the most common issues considered by the Financial Policy Committee in the last decade.

Policies 82

Policies Marketing System Regulation 82

PYMNTS

MAY 7, 2018

Vice finance minister Cheng Lihua introduced seven new tax policies during a press conference Friday, with the goal of saving small businesses $9.45 The policies include tax cuts and introduce other incentives for SMBs to upgrade equipment, improve employee training, and enhance their research and development, the publication said.

Taxes 100

Taxes Policies Conference Training 100

PYMNTS

APRIL 30, 2019

The Office of the Comptroller of the Currency (OCC) announced it has opened a 45-day public comment period on its proposed Innovation Pilot Program. Supporting a financial system that innovates responsibly is central to the mission of the OCC,” said Comptroller of the Currency Joseph M. “As As the prudential regulator of the U.S.

Innovation 128

Innovation Regulation System Community 128

CFPB Monitor

JANUARY 27, 2020

The CFPB has issued a policy statement to clarify the Dodd-Frank Act’s abusiveness standard. The policy statement, which is applicable as of January 24, 2020, states that it describes “certain aspects of how [the Bureau] intends to approach its use of the abusiveness standard in its supervision and enforcement matters going forward.”.

Policies 78

Policies Compliance Analysis Resources 78

PYMNTS

NOVEMBER 6, 2018

Innovation Challenges. Payments innovation, for starters, is an alien concept for many travel service providers, especially in the U.S. Payments innovation, for starters, is an alien concept for many travel service providers, especially in the U.S. Innovation Willingness. Where is that spark for innovation coming from?

Innovation 177

Innovation Payments Industry Study 177

Perficient

FEBRUARY 28, 2024

Perficient’s insurance experts, who were interviewed for this report, echo this sentiment, emphasizing the need for insurers to embrace innovation to stay relevant. Those who heed the call to transform and innovate will carve out a prosperous future, while those who resist change may find themselves struggling to stay afloat.

Innovation 251

Innovation Regional Strategy Trends 251

PYMNTS

JUNE 18, 2019

Chief Executive Officer John Neal said that the 330-year-old insurance market is in discussions with automakers about different policies as car ownership changes. Lloyd’s of London is looking into its auto coverage options to prepare for the impending rise in driverless technology. It won’t be conventional motor insurance.”.

Policies 102

Policies Course Community Technology 102

PYMNTS

OCTOBER 21, 2020

Spend controls were the focus of innovation in the commercial card space this week thanks to feature and program launches. This week’s commercial card innovation tracker includes a rollout of the next generation of authorization controls from Comdata Inc., as well as the launch of the Flex by Finaxar initiative from Finaxar.

Cards 130

Cards Innovation Management Fraud 130

PYMNTS

JUNE 29, 2017

Regulation has historically been a challenge for the financial services space, but considering today’s fast pace of change in both financial services innovation and regulation, compliance is increasingly becoming a headache. But understanding what can be a dizzying array of policies is only part of the battle. . ”

Policies 123

Policies Compliance Regulation Innovation 123

PYMNTS

NOVEMBER 4, 2020

The Emburse Cards come integrated with spend policy controls, the company noted, and are looped to a platform allowing for professionals to create physical and virtual cards for employees. Pleo Centralizes Card Spend Data.

Cards 162

Cards Innovation Management ATM 162

BankBazaar

APRIL 5, 2020

Here are COVID-19-specific insurance policies currently available in India. . Although comprehensive health policies offered by health and general insurers will cover hospitalisation costs for COVID-19 as well, following the IRDAI’s directive, a few insurers have come up with insurance policies that cover this specifically.

Policies 78

Policies Regulation Online Groups 78

PYMNTS

FEBRUARY 4, 2019

Microsoft was significantly behind that, with 5,903 patents, but that’s still good enough for the global major leagues when it comes to AI research and innovation. Those growth rates are not the whole story when it comes to AI research and innovation, however. -based IBM has 8,902 AI patents, the biggest such collection in the world.

Innovation 194

Innovation Study Fraud Technology 194

PYMNTS

JULY 19, 2018

The Consumer Financial Protection Bureau (CFPB) has announced that Paul Watkins, a lawyer, will lead the agency’s newly created Office of Innovation. “I The Office of Innovation was recently created by Mulvaney to focus on a new priority for the agency: encouraging consumer-friendly innovation.

Innovation 100

Innovation Arizona Policies Leadership 100

CFPB Monitor

DECEMBER 3, 2020

The CFPB has issued its final Advisory Opinions Policy, which allows stakeholders to request interpretive guidance “to resolve regulatory uncertainty.” The final Policy, which as published in the Federal Register indicates that it was applicable beginning November 30, 2020, supersedes the Bureau’s pilot AO program launched in June 2020.

Policies 78

Policies Regulation Analysis Meeting 78

Bobsguide

APRIL 30, 2020

Across every industry, enterprises are adjusting to fully remote work policies that inherently change the way their employees engage with one another and their customers. Today’s business landscape is not what it was a month ago. While many organisations are facing this situation, the.

Innovation 152

Innovation Policies Industry 152

PYMNTS

JULY 22, 2019

Retail trends and innovation can come from unlikely places, and that seems to be the case now when it comes to pets and CBD, two hot areas of commerce that are intersecting. According to a Bloomberg report , the use of CBD — which is derived from hemp but which does not get users intoxicated — is finding it ways into use for pets.

Retail 124

Retail Innovation Industry Study 124

CFPB Monitor

MAY 21, 2021

The California Department of Financial Protection and Innovation announced earlier this month that it has hired Christina Tetreault to lead the new Office of Financial Technology and Innovation. Tetreault most recently served as Manager of Financial Policy for Consumer Reports. Tetreault, Ms.

Financial Technology 78

Financial Technology Innovation Technology California 78