PYMNTS

APRIL 22, 2016

The consortium has a one-year time horizon through which FT said efforts would be fostered to “crack down” on fraudulent activity across a number of payment types, such as peer-to-peer lending and crowdfunding. FT noted that some analysts feel competition is hobbled by a social media presence.

Regulation 100

Regulation social media Fintech Lending 100

CFPB Monitor

SEPTEMBER 14, 2020

The report discusses the Bureau’s examinations in the areas of consumer reporting, debt collection, deposits, fair lending, mortgage servicing, and payday lending that were completed between September 2019 and December 2019. Violations of Regulation E requirements regarding qualifying notices of EFTA errors. Fair lending.

Lending 78

Lending Report Regulation Exercises 78

Abrigo

MARCH 6, 2017

The ABA has a new report out on how banks are using social media, and much of the report focuses on using Twitter, Facebook, LinkedIn and the like to boost customer service, make connections in the community and recruit staff. His recent research reports have covered SMB lending, alternative lenders and automating commercial lending.

social media 150

social media Lending Community Community Bank 150

CFPB Monitor

JANUARY 29, 2020

One of the most important areas of consumer financial regulation today is the use of internet- or social media-based platforms to target advertising for consumer financial products. Because the article represents one of the few regulatory perspectives on this issue, we highly recommend that financial institutions read it.

Lending 130

Lending social media Compliance Regulation 130

South State Correspondent

APRIL 23, 2023

Analysts, regulators, legislators, and bankers have been attributing the root cause of SVB’s failure in the past month. Some blame the dilution of the Dodd-Frank provisions, others the lack of oversight by regulators, and others still blame social media for exacerbating the deposit run.

Management 195

Management Security Risk Management social media 195

PYMNTS

OCTOBER 8, 2018

The impact of Europe’s General Data Protection Regulation ( GDPR ) continues to take shape roughly five months after taking effect, and Facebook could be on the hook for billions of dollars in fines tied to a data breach of about 50 million user accounts. Crypto Regulations. community banks and small business lending.

United States 174

United States Regulation cryptocurrency Cleveland 174

Bussman Advisory

JUNE 30, 2022

The post Most prominent crypto hedge fund just defaulted on a $670m loan | EU agrees on crypto landmark regulation | The war for tech talents is only beginning appeared first on Bussmann Advisory AG. We offer advisory services for the executive team and in-person or virtual courses with tailored topics.

Regulation 52

Regulation social media Fintech blockchain 52

CFPB Monitor

MARCH 21, 2019

While it is highly debatable whether the Equal Credit Opportunity Act or other fair lending laws apply to social media advertising of this nature, regulators take the position that they do, and they sometimes explore these issues in examinations.

social media 68

social media Lending America National 68

PYMNTS

FEBRUARY 2, 2021

Hodges, known as the “Rookie Bookie” on social media, made her comments less than three months after Tennessee became the 20th state to launch sports betting on Nov. 1, a milestone that also made Action 24/7 the only locally owned sportsbook gaming operator of four licensed by the state. Next Steps.

Tennessee 262

Tennessee Payments social media Regulation 262

PYMNTS

FEBRUARY 14, 2020

12) that the federal government would be rolling out new regulations regarding cryptocurrency at the Financial Crimes Enforcement Network (FCEN). Chiliz has created a coin called Barca Fan Token due to its partnership with the Spanish sports giant, which can be used on its social media app Socios.

Bitcoin 141

Bitcoin NJ cryptocurrency social media 141

PYMNTS

SEPTEMBER 25, 2020

HSBC To Staff: Stay Off Bank’s Social Media Accounts . The 233,000 global staffers of HSBC Holdings Plc were told to remain off the bank’s social media sites on Monday (Sept. The 233,000 global staffers of HSBC Holdings Plc were told to remain off the bank’s social media sites on Monday (Sept.

Maine 153

Maine social media Atlanta Massachusetts 153

PYMNTS

AUGUST 18, 2019

Waters has been a vocal critic of the social media giant’s plans for its own digital currency. It appears that these products may lend themselves to an entirely new global financial system that is based out of Switzerland and intended to rival U.S. He said Libra’s associated Calibra wallet plans will be regulated by the U.S.

US 173

US social media Policies cryptocurrency 173

PYMNTS

OCTOBER 16, 2019

The social media site faced accusations that its ad-targeting platform — which allows ad buyers to select what demographic groups they want to target with their advertisements — was allowing and encouraging financial institutions (FIs) to violate non-discrimination provisions of the Fair Housing and Truth in Lending Acts.

social media 110

social media Online Groups Community 110

CFPB Monitor

NOVEMBER 6, 2019

While it is highly debatable whether the Equal Credit Opportunity Act or other fair lending laws apply to social media advertising of this nature, regulators take the position that they do, and they sometimes explore these issues in examinations.

social media 60

social media Lending Washington California 60

Bank Innovation

SEPTEMBER 8, 2017

Chinese insurance company ZhongAn Online Property and Casualty Insurance, which boasts a customer base of 500 million people, has obtained approval to open an initial public offering (IPO) on the Hong Kong stock exchange. China’s first online-only insurance company hopes that the IPO will raise as much as $1.5 billion USD.

Company 231

Company Regulation Online social media 231

Gonzobanker

JULY 13, 2023

With their focus on consumer lending, credit unions are especially interested in this technology. However, in both supervised and unsupervised machine learning, bankers need to keep in mind that models develop biases that might not comply with things like fair lending and Community Reinvestment Act regulations.

Technology 78

Technology Software social media Fraud 78

CFPB Monitor

FEBRUARY 11, 2021

The publication of Mr. 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. Expand the Bureau’s social media presence.

Company 148

Company Report social media Community 148

PYMNTS

SEPTEMBER 13, 2017

As the government steps up against risky and illegal behaviors in the financial sector, it is handing down tough sentences and regulating industries. Meanwhile, Zhang Min, Yucheng’s president, and 24 others were sentenced for three to 15 years, noted Reuters, citing an article on the Beijing Courts social media account.

social media 100

social media Fraud Groups Lending 100

CFPB Monitor

JUNE 11, 2019

The Federal Trade Commission recently provided its annual letter to the CFPB concerning its enforcement activities relating to compliance with Regulation Z (Truth in Lending Act), Regulation M (Consumer Leasing Act), and Regulation E (Electronic Fund Transfer Act). Regulation Z/TILA; Regulation M/Consumer Leasing Act.

Report 60

Report Regulation social media Policies 60

PYMNTS

SEPTEMBER 28, 2020

The Predatory Lending Trap. This can come with a whole host of other problems, although some regulators have taken steps to broaden the scope of borrower protections to include SMBs. When an organization is bearing an ever-increasing burden of outstanding accounts receivables, there are multiple sources of capital to which it can turn.

social media 215

social media Capital Fintech Operations 215

Banking 2020

JANUARY 20, 2015

From social media to the use of all caps, every individual action can affect credit worthiness. Estimates vary, but it’s clear that tens of millions of consumers have little or no credit history, and many of them fall outside the purview of traditional lending institutions. In fact, there’s enormous potential here.

Technology 40

Technology Lending social media Analytics 40

PYMNTS

APRIL 12, 2017

Regulation A+ has made a mostly quiet splash on the market. Years in the making, the regulation was born from the JOBS Act, which was signed into law in 2012, with Title IV of the act — also known as Regulation A+ — enabling average joes to invest in companies seeking capital.

Regulation 102

Regulation Lending social media Operations 102

Independent Banker

MARCH 31, 2022

Lucas White: We need to continue to differentiate community banks and educate policymakers on why tiered and proportionate regulation is necessary. We need to make sure people remember that and have it reflected in laws and regulations that affect our industry. We are not Wall Street banks—we are community banks.

Community Bank 239

Community Bank Community Industry Texas 239

PYMNTS

MARCH 22, 2019

“Based on our learnings from that experiment, we actually decided to make meaningful improvements in the existing rails by leveraging the payments ecosystem, and within that ecosystem, we are considering the FinTechs as well or the regulators around the world as well, including SWIFT,” said Gulru Atak, who helms the lab.

Bitcoin 123

Bitcoin social media Lending cryptocurrency 123

CFPB Monitor

APRIL 11, 2022

A Connecticut federal district court has refused to dismiss claims filed by the CFPB against a mortgage company and three of its principals for alleged Truth in Lending Act (TILA), Mortgage Act and Practice (MAP) Rule, and Consumer Financial Protection Act (CFPA) violations.

Connecticut 78

Connecticut Company Regulation social media 78

PYMNTS

MAY 29, 2018

The system got a major boost in the 1970s with the passage of The Fair Credit Reporting Act , which officially regulated what information would be collected as well as created rules that made credit reports something consumers had a legal right to both see and dispute. Today, social media can’t address those needs.

Data 155

Data social media System Report 155

PYMNTS

AUGUST 6, 2018

The social media company has been exploring ways to incorporate that type of data onto its site by potentially allowing members to check their balances or get fraud alerts. China has locked out protesters, affecting investors and others in the Beijing financial district, after the P2P lending market has come close to collapsing.

social media 100

social media Bitcoin cryptocurrency Regulation 100

PYMNTS

AUGUST 11, 2017

In fact, some alleged perpetrators have gotten small sums through low-level fraud, such as check scams, or through channels where regulators have been paying less attention, such as social media fundraising, student loan withdrawals and online lending fraud.

US 106

US Maryland social media United States 106

PYMNTS

APRIL 20, 2017

s challenger bank landscape is spreading since regulators have welcomed new competition into the retail banking space. s Big Four banks — Barclays, HSBC, Lloyds and RBS — as FinTechs that lend and provide accounting and other financial services similarly populate the U.S., Take, for instance, SME lending. In the U.K.,

Compliance 110

Compliance Innovation social media Lending 110

CFPB Monitor

MARCH 13, 2015

In its Winter 2015 Supervisory Highlights , which covers supervision work generally completed between July and December 2014, the CFPB highlights legal violations resolved using non-public supervisory actions involving debt collection, consumer reporting, overdraft practices, mortgage origination, and fair lending. Fair lending.

Report 60

Report Lending Compliance Regulation 60

PYMNTS

APRIL 7, 2020

banking system is built for stability and security — not speed — particularly in the aftermath of that last financial crisis when the entire financial system learned simultaneously the importance of being careful when lending money. banking system which used to processing and distributing those funds.

America 144

America social media System United States 144

Bobsguide

MARCH 28, 2022

The research canvassed the opinions of 1,600 senior industry executives, exploring the opportunities presented by Banking as a Service (BaaS) – to provide retail or wholesale banking products and services to customers in context, as a service, using an existing licensed institution’s secure, regulated infrastructure with modern API-driven platforms.

Innovation 60

Innovation Lending social media Retail 60

FICO

FEBRUARY 8, 2017

This was a group of highly engaged professionals who understand regulations, customer needs and technology as well as anyone in the lending industry. Regulation. I thought FCA regulation would be the best thing for the industry. Social Media. The value is in the metadata of social media – not the content.".

social media 40

social media Analytics Regulation Industry 40

Jeff For Banks

JUNE 2, 2023

The old borrow short, lend long strategy. Second, this can be accomplished only if the industry does not have too much influence over its regulators and if the regulators have the ability to hire, train, and retain qualified staff. Third, the regulators need adequate financial resources.

FDIC 78

FDIC Community Bank Regulation Lending 78

Gonzobanker

JANUARY 4, 2016

Today, bank executives are struggling to stay current in an industry growing ever-more complex with increased regulation, changing customer expectations and digital disruption. We see the types of content being shared through social media. GonzoBanker Credit Union Consumer Lending Officer Roundtable Phoenix Mar 13-15.

San Diego 60

San Diego Phoenix social media Strategy 60

Jeff For Banks

APRIL 25, 2014

Read: We need to be bigger and have more capital to keep up with regulation and the industry. And what is social media? ." - Loralee Hutchinson, President of Alarion Financial Services, Inc. of Ocala, Florida on the bank''s sale to Heritage Financial Group, Inc.

Community 93

Community New York Indiana Connecticut 93

American Banker

DECEMBER 1, 2016

Comments are excerpted from reader response sections of AmericanBanker.com articles and our social media platforms. American Banker readers share their views on the most pressing banking topics of the week.

social media 28

social media Community Bank Regional National 28