Perficient

JUNE 30, 2022

Members of Perficient’s Digital Asset Team have advised followers in multiple online articles about the digital asset revolution and relevant regulations affecting the same in the United States. Highlights From Federal Bank Regulators’ Joint Statement on Cryptocurrency Assets – Perficient Blogs.

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PYMNTS

MARCH 9, 2018

when it comes to financial regulation. As reported by Caixin Global , the People’s Bank of China will “take the lead” in coordinating regulation, a strategy that was telegraphed in remarks on Friday (March 9) from bank governor Zhou Xiaochuan. China may not take a page, or several, from the U.K.

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PYMNTS

JANUARY 8, 2021

The Cyberspace Administration of China is considering a revamping of internet oversight regulations, rules that have not been updated in more than 20 years, according to a Reuters report on Friday (Jan. The plan to revise cyberspace regulations comes at a time when China is stepping up the scrutiny of tech giants.

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PYMNTS

MAY 15, 2018

The Central Bureau of Investigation (CBI), India’s main investigative agency in the country, has filed charges in the Punjab National Bank fraud case against Nirav Modi, the jewelry retail owner, and his uncle Mehul Choksi, as well as senior executives at the state-run lender.

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PYMNTS

DECEMBER 13, 2018

CUs are also actively communicating with law enforcement agencies, keeping regulators informed about suspicious activity, while receiving tips on noticeable trends that these same agencies are eyeing. Recently, though, many CUs have turned to technology-driven solutions to help members more efficiently communicate their needs and feedback.

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PYMNTS

JUNE 8, 2020

United Nations global blockchain expert Massimo Buonomo has foreseen a future where digital currencies could replace low-interest bank accounts, Coindesk reports. He said the regulators would need to have total control over a cryptocurrency-fueled system that replaced traditional banking.

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PYMNTS

APRIL 12, 2018

India’s Punjab National Bank (PNB) is conducting an internal investigation into an alleged $2 billion fraud, vowing to come down on anyone involved in the crime. “We We are examining every aspect of it, and if we find others involved, we will not spare them,” said PNB CEO Sunil Mehta, according to Reuters.

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PYMNTS

MAY 22, 2017

That depends, says counterterrorism and cybersecurity expert Richard Clarke, on what companies, banks and regulators are willing to learn from the incident. s National Health Service. s National Health Service. After the latest worldwide cyberattack, the question remains: What’s going to change?

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PYMNTS

JUNE 29, 2020

Valdis Dombrovskis , the EU’s executive vice president of the European Commission for an Economy that Works for People, told attendees of the Digital Finance Outreach 2020 , a series of events for the 27-nation bloc on financial technology companies, that Europe must become the leader in crafting rules for digital finance.

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PYMNTS

JUNE 14, 2019

Plus, Klein addresses California’s new IoT security law and why the federal government should act now to release national smart device security legislation. Get the full scoop in the Tracker.

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PYMNTS

NOVEMBER 3, 2020

Critics have charged that the company’s main purpose is to sue big companies for infringing on patents that it owns. national security.”. "On 1), the tech giant referred to the possible effects of legal proceedings and global regulations and how those could impact its operations and financial conditions.

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PopularBank

MAY 25, 2021

Popular Bank Senior Vice President and Director of National Healthcare Financing Andrew Boland joined fellow industry leaders for the Environmental Banker Association (EBA) panel discussion How COVID Changed Senior Living & Care Underwriting. Are you following current regulations? We asked questions about their safety.

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PYMNTS

OCTOBER 19, 2016

According to Brad Fauss, president and CEO of the Network Branded Prepaid Card Association, the recently released regulations on prepaid cards from the Consumer Finance Protection Board could be another instance of good intentions gone wrong. The updated regulations are slated to take effect Oct.

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PYMNTS

NOVEMBER 9, 2017

Small banks do not want to compete with the Amazons and Walmarts of the world when it comes to offering financial services for clients — and as of today, they more or less are protected from having to do so by regulations that prevent banks’ holding companies from branching too far outside of core financial services businesses.

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PYMNTS

MAY 7, 2020

Its revised regulations , detailed on its Frequently Asked Questions page, urges companies who have access to other financing to reconsider whether they really needed the money. The main concern is whether my members can meet the threshold of using 75 percent of the loan for payroll,” Carlozzi said.

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PYMNTS

JUNE 16, 2020

They spoke before the Subcommittee on National Security, International Development, and Monetary Policy Tuesday. In addition, National Cyber Security Alliance Executive Director Kelvin Coleman said in his testimony that Congress “should consider making game-changing investments in cybersecurity awareness and education.”

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TheGuardian

DECEMBER 14, 2021

New legislation to protect strategic UK companies could almost have been written with BT in mind The government says it is “monitoring the situation carefully” and “will not hesitate to act if required to protect our critical national telecoms infrastructure”. Let’s hope so. Continue reading.

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PYMNTS

JULY 21, 2020

Open banking is appealing to financial institutions (FIs) and regulators in many markets, even as the pandemic sweeps across the world. Regulators in other regions, including Latin America, are also shaping and announcing plans to enable open banking and better support digital financial systems.

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CFPB Monitor

MAY 18, 2022

After moving alone in 2020 to reform its Community Reinvestment Act (CRA) regulation, the Office of the Comptroller of the Currency (OCC) has joined the Federal Deposit Insurance Corporation (FDIC) and Federal Reserve Board in issuing a joint notice of proposed rulemaking setting forth proposed amendments to their regulations implementing the CRA.

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PYMNTS

MARCH 19, 2019

The country’s regulators have gotten tough on the shadow banking market in recent years. However, while regulators are happy to see shadow lending fade, the sector’s main borrowers — private companies — are feeling the strain. China’s $9.1 As a result, outstanding loans in the sector fell to ¥61.3 trillion ($9.1

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PYMNTS

AUGUST 1, 2018

The center’s Task Force on Main Street Finance — co-chaired by former Senator Olympia Snowe, former U.S. It is critical that we respond to the needs and concerns of Main Street America,” said Snowe in a statement.

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PYMNTS

MAY 28, 2019

A year after the debut of Europe’s General Data Protection Regulation (GDPR), a total of €56 million ($62 million) in fines have been doled out. The main concerns focused on how the tech companies process data, the lack of transparency in how they collect personal data and consumers’ ability to access their data.

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PYMNTS

SEPTEMBER 15, 2020

To that end, Bloomberg reported at least some financial regulators from the European Union say there need to be strict controls governing central bank digital currencies in place — and Libra (among other private efforts) may present a threat to financial stability. Central bank digital coins on the Continent – but plenty of room for cash.

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Abrigo

SEPTEMBER 26, 2014

Within the financial industry, the word “regulation” often receives a mixed reaction. What’s been mostly out of the mainstream news cycle, though, is the effects of regulation following the financial crisis on the community banks– specifically, credit unions. ” The piece was written by B.

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PYMNTS

FEBRUARY 6, 2019

” Regulators have not accused the company of wrongdoing, and FLEETCOR said all of its fees are lawful and comply with regulations. the company’s main competitor, saw only 44 complaints filed against it during that time. . “The company figures out the easiest way to make money,” he told Bloomberg.

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PYMNTS

OCTOBER 20, 2019

David Marcus, CEO of Facebook’s wallet service Calibra , said that Libra could use national currency-pegged stablecoins like a dollar stablecoin, rather than the synthetic one it initially proposed, Reuters reported on Sunday (Oct. G-20 finance leaders on Friday (Oct. That is one of the options that should be considered.”.

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American Banker

SEPTEMBER 4, 2023

The National Credit Union Administration is addressing two of the main reasons why new institutions aren't being formed — making it easier for the organizers to raise the required capital and easing the burden of the application process, says Todd Harper, the agency's chairman.

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PYMNTS

JANUARY 23, 2020

Applebaum added that communities of color in New York City are more than twice as likely to lack access to a bank and are less likely to host a branch of a bank than the national average. Praising Torres and the other councilmembers, he said the bill would ensure that everyone can shop or eat at any place in the city.

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PYMNTS

DECEMBER 18, 2018

As well, the form has a long history of transmitting national values and providing cultural, political and even economic education — one need only dig deep into the comic scene during World War II to understand that. We hope this comic book helps illustrate the importance of regulations and compliance professionals around the globe.”.

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PYMNTS

DECEMBER 7, 2018

Not to ruin your holiday spirit, but let’s start this story with the cold and brutal truth: One of the largest risks that payments and commerce operators face in 2019 is being called to account by government officials, regulators or media about a failure to secure their organizations from cyberattacks. and other places.

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South State Correspondent

AUGUST 21, 2022

In talking to community bankers, here are the main reasons community banks have chosen a loan-level hedging program: Improved Credit Quality: Banks can stabilize the borrower’s debt service coverage ratio (DSCR). Eliminate Interest Rate Risk: Eliminate margin compression when interest rates rise.

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PYMNTS

MARCH 29, 2017

Currently, Uber is waiting on a court decision to find out how it will be regulated throughout Europe: as a transport service or a digital platform. The ruling would determine if Uber is a transport service, meaning it would have to follow the same labor and safety regulations as traditional taxi services.

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Abrigo

APRIL 26, 2022

The Financial Crimes Enforcement Network ( FinCEN ) has profiled this global issue by naming corruption one of the eight national security priorities. The $25 million assessment was the largest imposed by regulators at that time. As a national priority, corruption must be added to each institution’s risk assessment. Whitepaper.

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PYMNTS

APRIL 18, 2018

Bloomberg reported that the reasons for the cash shortages are varied, but one of the main ones is concerns from the public, which is losing faith in the banking system and thus loading up on cash. Indians are worried about a bill making the rounds which would enable regulators to use public deposits to bail out banks.

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BankUnderground

JUNE 29, 2023

Had stricter regulations on banks shifted vulnerabilities to other financial institutions in ways that created new systemic risks? For example, Forbes (2021) surveys the literature showing how tighter regulations on banks shifted financial intermediation to NBFIs (or ‘shadow banks’), generating new risks to financial stability.

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PYMNTS

JUNE 21, 2016

Chamber of Commerce uncovered the challenge businesses face in the wake of financial reforms and regulations, like Dodd-Frank. Its survey, the chamber said, suggests that the nation must heighten its capabilities of providing finance to its businesses, especially those struggling on account of regulation. What Regulation Does.

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PYMNTS

MAY 21, 2020

A central entity may be a central bank which regulates a monetary supply,” the company wrote. “A A central entity may maintain exclusive rights to create or destroy currency in a region such as a nation. So a retail CBDC is now [the ECB’s] main focus.”. A central entity may implement a monetary policy and issue currency.

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