American Banker

MARCH 25, 2021

A planned combination of Maine State Credit Union in Augusta and Midcoast Federal Credit Union in Freeport has been nixed despite receiving approval from regulators. ]].

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Maine Regulation 77

PYMNTS

SEPTEMBER 25, 2020

We have deep dives on the financial health of Main Street small and medium-sized businesses (SMBs), digital accounts payable (AP), and GoodRx ’s initial public offering (IPO). . The outlook for a number of Main Street SMBs seems to be getting better, but a cash crunch is still a lingering headwind.

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PYMNTS

JULY 7, 2019

regulators and politicians increase their focus on big tech and associated areas, with recent hearings targeting Facebook and Google. Also, Facebook’s plan to launch its own cryptocurrency, Libra , is among the main issues occupying the minds of digital payments and commerce experts. The move comes as U.S.

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PYMNTS

DECEMBER 19, 2019

While building a different startup, regulation required him to obtain workers’ compensation insurance. ” Opportunity On Main Street. That’s been surprising — how big of an opportunity Main Street has been, as opposed to more traditional startups or white-collar businesses.” It’s a major expense.

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Maine Policies Capital Online 131

PYMNTS

DECEMBER 11, 2018

Neither entrepreneur is hoping to disrupt the world with noodles or sandwiches — but both would very much like a chance at disrupting Main Street in their respective towns. MainVest, in short, is designed to be the platform that can help local people meet and invest in these entrepreneurs and their up-and-coming ideas.

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PYMNTS

JUNE 19, 2020

A top British financial services regulator Friday proposed new regulations that could help borrowers bracing for the end of consumer protections implemented as COVID-19 bore down on the country.

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PYMNTS

JANUARY 26, 2020

Europe’s main banking regulator, an arm of the ECB , is trying to make it easier for the continent’s financial lenders to merge. This is in sharp contrast to the regulator’s previously-held position, which was strongly against such mergers. The logic is that the move will help jump-start a lagging economy.

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PYMNTS

APRIL 24, 2020

Main Street may not be able to save itself in the aftermath of the COVID-19 crisis. Development goals, zoning, permits and regulations have just started to be integrated. One of those is in Fairfax County, Virginia. Located outside of Washington, D.C., Fairfax is home to Falls Church, Tysons, Reston and Vienna.

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Maine District of Columbia Virginia Community 130

Cisco

NOVEMBER 1, 2022

In 2017, New York Department of Financial Services (NYDFS) passed cybersecurity regulation 23 NYCRR 500, requiring all financial services companies to implement multi-factor authentication (MFA). According to the NYDFS cybersecurity regulations, there are common MFA violations that have occurred across financial service organizations.

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Regulation Security System New York 124

PYMNTS

SEPTEMBER 30, 2020

Consumers and businesses have been moving online in recent years, and regulators from the European Union to the Middle East and North Africa (MENA) region have worked to keep up with this migration. The pandemic is dramatically altering how merchants can transact, which data they can store and where they can store it, however.

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Regulation Data Regional Examples 175

PYMNTS

AUGUST 2, 2019

Regulators’ influence over non-banks is limited, and banks are left to vet their own vendors. Bank regulations hadn’t “sufficiently modernized to accommodate cloud and other innovative technologies,” according to a U.S. One of the main issues being revisited is Facebook’s purchase of Instagram and WhatsApp.

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PYMNTS

JUNE 26, 2020

Brussels to Investigate German Regulator Over Wirecard. Uber financial services leader Peter Hazlehurst has stepped down from his position as the rideshare company has put its plan to start a digital wallet on hold. The company instead plans to focus more on ridesharing and food delivery rather than expanding its financial services.

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PYMNTS

JULY 7, 2019

regulators and politicians increase their focus on Big Tech and associated areas, with recent hearings targeting Facebook and Google. Also, Facebook’s plan to launch its own cryptocurrency, Libra , is among the main issues occupying the minds of digital payments and commerce experts. The move comes as U.S.

Regulation 128

Regulation cryptocurrency Bitcoin Washington 128

PYMNTS

MAY 8, 2020

And while it isn’t afraid of being audited or asked to pay back the funds as a loan with interest, given its position as a heavily regulated FinTech working with banks, being the subject of a criminal investigation is not an option. They will “have to give the money back and do whatever we have to do as it relates to our employees.”.

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Maine Guidelines Capital Fintech 161

CFPB Monitor

JUNE 27, 2019

We can add Maine to the list of states to have enacted a “Student Loan Bill of Rights” that requires student loan servicers to be licensed. The law completely exempts from its coverage supervised financial organizations, financial institution holding companies, mutual holding companies, and their wholly- owned subsidiaries.

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Chris Skinner

FEBRUARY 15, 2020

The main blog headlines are … Banking is what we do and technology is how we do it A decade ago, we talked about the financial crisis, technology, regulations and compliance.

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PYMNTS

OCTOBER 7, 2019

Merchants in the European Union (EU) are still wondering exactly what changes the regulation will bring when it comes to their relationships with customers. Regulators in many EU countries have their own thoughts on SCA and how long it will take merchants to prepare. Around the PSD2 and GDPR world. About the Tracker.

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PYMNTS

APRIL 16, 2019

Another recently introduced piece of legislation aims to protect individuals by regulating facial-recognition cameras. In the feature story, Le discussed how device manufacturers can help foster that trust, and the need for regulation to secure healthcare data and connected devices. About the Tracker.

Regulation 204

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PYMNTS

FEBRUARY 28, 2020

The regulator is concerned that Rakuten is using its market position to take advantage of smaller companies and retailers, many of which rely on Rakuten for their livelihood. About a month ago, Chief Executive Officer Hiroshi Mikitani tweeted that free shipping would go forward as planned.

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Regulation Maine Study Retail 131

CFPB Monitor

AUGUST 5, 2021

Maine has amended its Consumer Credit Code to target loans made using a bank partnership model. The amendments include an anti-evasion provision under which a purported agent or service provider is deemed a “lender” subject to Title 9-A, Article 2 of Maine Revised Statutes.

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PYMNTS

JANUARY 14, 2019

Vietnam wants to be a cashless society, according to a report in Financial Times , but bank regulations are hindering the country’s ability to do so. However, because of the regulation issue, Vietnam is behind other countries in the ASEAN 5, and there’s no change in sight unless regulations change.

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Regulation Payments Compliance Maine 123

PYMNTS

FEBRUARY 1, 2019

31) that it was going to increase investment in the upcoming year, and expressed concern over new regulations in India that would limit its business in the country, according to a report by CNBC. . “Our main issue and our main concern is trying to minimize the impact to our customers and sellers in India.”

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Regulation Maine Marketing Operations 116

CFPB Monitor

MAY 7, 2020

” In its amicus brief, AFSA argues that the Maine amendments are preempted under the FCRA’s express preemption provisions. AFSA also argues that provisions such as the Maine amendments undermine the FCRA by producing a non-uniform credit-reporting system that is based on state-specific policy concerns.

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Maine Report Resources Policies 78

CFPB Monitor

OCTOBER 15, 2020

A Maine federal district court ruled that that two 2019 amendments to Maine’s credit reporting law are preempted by the federal Fair Credit Reporting Act and granted the motion for judgment filed by the plaintiff, the Consumer Data Industry Association (CDIA). 1681c], relating to information contained in consumer reports.”

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Maine Report Regulation Resources 60

PYMNTS

OCTOBER 2, 2017

Coinbase, the popular cryptocurrency exchange, is facing an inquiry by regulators in the U.S. As a regulated financial institution, Coinbase complies with regulations and fully cooperates with regulators,” Coinbase said in an emailed statement. The service was disabled after the June crash, noted Bloomberg. . “As

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Regulation cryptocurrency Maine Policies 117

TheGuardian

JUNE 26, 2020

FCA says its main aim is to protect consumers who use the scandal-hit payment service The financial watchdog has stepped in to order the UK arm of payments firm Wirecard to freeze customer funds, after its German parent company filed for insolvency amidst a €1.9bn (£1.69bn) alleged accounting fraud. Continue reading.

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Regulation Maine Fraud Cards 98

PYMNTS

MARCH 30, 2018

With fresh concerns about government regulation of cryptocurrency surfacing, Bitcoin and other digital tokens continued the recent declines in value, erasing $550 billion in value for the global cryptocurrency market since the start of 2018. After all, one of the appeals of digital tokens is that they are not regulated and are anonymous.

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cryptocurrency Bitcoin Regulation social media 115

PYMNTS

MARCH 27, 2019

regulators in the wake of money laundering scandals, reported the Financial Times. regulators are looking into Swedbank’s actions. Swedbank is the subject of an inquiry by U.S. In February, Sweden and Estonia announced a joint inquiry into money laundering in the Baltics.

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Regulation New York US Maine 122

Celent Banking

JANUARY 22, 2015

Peer to Peer (P2P) lending is one of those situations and banks have started to experiment with it, taking P2P lending to main street. Regulation is an important issue for banks to get into P2P lending and depending the country, there may be restrictions. This is why he works on 3 key issues (in order of importance): Regulation.

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Maine Lending Regulation Risk Management 100

Bobsguide

APRIL 24, 2020

Understandably, the FCA’s main immediate focus is to continue to address the challenges presented by the coronavirus emergency. On April 7, 2020, the Financial Conduct Authority (FCA) published its business plan for 2020/2021. However, that is not the whole story and the FCA is not planning to.

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Regulation Maine 177

PYMNTS

MAY 24, 2019

Baoshang Bank, based in Inner Mongolia, will be taken over by China’s banking and insurance regulator over critical credit risks, according to a report by Reuters. Takeovers of banks are rare in China, and this is the first one in almost 20 years. The China Construction Bank (CCB), based in Baotou, will handle the bank’s business operations.

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Regulation Lending Guidelines Maine 158

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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Regulation Course Maine Study 101

Bank Innovation

JANUARY 18, 2018

While regulations continue to be top of mind for financial institutions, banks have another main concern: the innovations and progress being made by fintechs, according to a survey released by EY.

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Innovation Fintech Report Maine 306

PYMNTS

JULY 2, 2018

Just a few weeks in, the data privacy law that has just taken root in the European Union already has some regulators seeking exemptions around the globe. Pertaining to investigations, the regulation – which took effect on May 25 – places restrictions on the data that can be shared internationally in the “public interest.”

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Chris Skinner

NOVEMBER 5, 2017

This week’s main blog headlines are … Regulating the unregulated I was thinking about this question of how to regulate global technology platforms that don’t recognise national boundaries, mainly in the context of crypto and digital currencies.

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Maine Regulation National How To 210

PYMNTS

SEPTEMBER 13, 2019

We need regulation,” she said in Copenhagen. “So Vestager has fined Google and Qualcomm around $10 billion euros after they were found to have squashed competition. “If If we want to define the market, to set out what’s acceptable and what isn’t, then what we need is not more competition enforcement.

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Regulation Data Guidelines Maine 108

Chris Skinner

FEBRUARY 8, 2020

The main blog headlines are … RegTech versus TechReg I often talk about how banks have five times more regulation than technology firms.

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Maine America Regulation Technology 260