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How AML Regulations Are Pulling Credit Unions Into Law Enforcement

PYMNTS

Recently, though, many CUs have turned to technology-driven solutions to help members more efficiently communicate their needs and feedback. Actors Federal Credit Union (ActorsFCU) is working with ATM solutions provider Paramount Management Group to deploy the latter’s digital media solutions in 250 ATMs across New York City.

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SMB Tax Complexity Preserves Role For The Human Accountant

PYMNTS

Anxieties that automation will replace humans have waned in the accounting sector, as industry players begin to realize that technology can actually help accountants play a more important role for their small business (SMB) customers as advisors and guides, rather than replacing their roles outright. Tackling Tax. Tax reform in the U.S.

Taxes 193
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Apple Watch Earns Pro QB $5K Scolding From NFL

PYMNTS

Add another job to that list: fine generator for the National Football League (NFL). In 2015, a similar incident occurred with Kansas City Royals Manager Ned Yost.”. Snapping this story back to Roethlisberger, he apparently likes being on the winning team, even when the competition centers around inanimate (for now) technology.

Apple 123
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OCC targets BSA/AML compliance by Anchorage Digital Bank – only 15 months after granting bank charter to the crypto custodian

CFPB Monitor

The OCC’s actions send a clear message that regulated entities offering emerging technology financial services must adhere to the same BSA/AML monitoring and reporting requirements as more traditionally regulated entities. In January 2021, the OCC granted Anchorage conditional approval for a national trust bank charter.

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Ballard Spahr Submits Comment Letter to OCC in Support of Proposed True Lender Rule

CFPB Monitor

Ballard Spahr LLP has submitted a comment letter to the OCC in support of its proposed rule , “National Banks and Federal Savings Associations as Lenders” (the “Proposed Rule”). Three virtually identical Federal Interest Statutes govern interest that may be charged by Banks: Section 85 of the National Bank Act (“NBA”), 12 U.S.C. §

FDIC 78
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Surviving The Retail Apocalypse: The Technologies And Trends That Can Help Brick-And-Mortar Thrive Again

CB Insights

Retailers are leveraging technology, such as artificial intelligence and augmented reality, to enhance operational visibility and personalize their customer service, a new necessity in fast-changing and demanding consumer market. However, this isn’t the whole story. The new big-box store. Ikea as a model.

Retail 59