PYMNTS

JULY 21, 2019

The long-running proposed $26 billion T-Mobile-Sprint merger is close to getting a go-ahead from federal regulators. . state attorneys general filed a lawsuit in federal court i n New York to block the merger, arguing that the proposed $26 billion deal would cost consumers more than $4.5 In June, a group of U.S.

Mobile 148

Mobile Regulation New York National 148

CFPB Monitor

JULY 29, 2022

On July 20, 2022, the Federal Trade Commission (“FTC”) and 18 state attorneys general led by New York Attorney General Letitia James announced that they have entered into a settlement with Harris Originals of NY, Inc. District Court for the Eastern District of New York, Harris Jewelry will issue approximately $10.9

National 78

National Retail Regulation New York 78

PYMNTS

OCTOBER 12, 2020

In today’s top payments news around the world, China’s central bank is issuing $1.5 watchdog proposed that the nation considers creating a new regulatory unit. Plus, European Union (EU) regulators are drawing a list of large internet companies to be targeted with more stringent regulations.

Regulation 134

Regulation Payments National New York 134

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.

Regulation 135

Regulation South Dakota ATM New York City 135

PYMNTS

JANUARY 15, 2019

Malaysia’s initial coin offering (ICO) regulations are said to take effect on Tuesday (January 15) per a notice from the Securities Commission (SC) in the country, Coindesk reported. At the same time, it was said that those who engage in digital asset dealing will have to follow rules for anti-money laundering (AML), among other regulations.

Bitcoin 108

Bitcoin Regulation New York Video 108

PYMNTS

JANUARY 28, 2019

As noted in this space by Karen Webster, the ban on the ban – where, now, in New York, surcharges are allowed when merchants post total prices for transactions – shows the inefficiencies of regulation that supersede card networks’ own rules governing merchant activities. Maybe, maybe not. As Webster recounted Monday (Jan.

Cards 125

Cards New York Oklahoma Connecticut 125

PYMNTS

SEPTEMBER 18, 2018

The nation is forming a Direct FAST industry group, where the members will include traditional financial institutions (FIs), FinTech firms and the Monetary Authority of Singapore (MAS). While In New York, New York…. Announcements came Monday (Sept. Open Banking, APIs In The UK.

Fintech 166

Fintech New York US National 166

PYMNTS

MARCH 23, 2018

To take stock of the cryptocurrency market, take stock? News came Friday that the wild west of cryptocurrencies — where fortunes are made and lost in the blink of an eye, and where regulations are less than regular — might be well-governed by the stock market when it comes to governance. After a fashion.

Marketing 109

Marketing cryptocurrency Conference Security 109

PYMNTS

OCTOBER 26, 2018

More legal troubles have emerged for the Office of the Comptroller of the Currency (OCC) over its plan to introduce national bank charters for FinTechs, aimed at making it easier for alternative financial services players to do business. state bank regulators said it filed a complaint in the U.S. .” The body of U.S.

District of Columbia 156

District of Columbia National Fintech New York 156

CFPB Monitor

OCTOBER 2, 2020

Capital One Funding, LLC , the federal district court for the Eastern District of New York joined the federal district court for the Western District of New York in Petersen v. Cohen and Peterson both involved the securitization of credit card receivables generated on credit card accounts issued by a national bank.

Cards 78

Cards New York National Exercises 78

PYMNTS

JULY 17, 2018

In one case at the state level (and it’s New York, so movement there carries much weight within the financial arena), Bloomberg reported that NY’s financial regulator is challenging what the newswire terms a “fundamental principle” on bank and FinTech relationships that brings interest rate caps into that regulator’s crosshairs.

Fintech 100

Fintech Regulation New York Management 100

PYMNTS

MARCH 21, 2016

There appears to be some dirty pool taking place over eCommerce between countries in the European Union, and antitrust regulators might be taking action to sort it out. Assessing whether this is a genuine concern or a pretext to separate the internal market is a delicate exercise in each of these cases.”

Regulation 100

Regulation Exercises Tools New York 100

PYMNTS

AUGUST 16, 2019

Axos Bank parent company Axos Financial has rolled out out commercial banking operations across new markets in the U.S., “The nation’s two largest metropolitan areas are home to a majority of our commercial lending and banking clients,” said Greg Garrabrants, president and CEO of Axos, in a statement.

Los Angeles 101

Los Angeles New York FDIC Lending 101

PYMNTS

APRIL 1, 2020

Spending at darknet markets declined during the past two months even with a drop in the price of the digital currency, per Chainalysis data, as the coronavirus pandemic has impacted every part of the global economy, CoinDesk reported. The value of bitcoins delivered to darknet markets declined to $3.2 million from $4.1

Bitcoin 124

Bitcoin ATM New York cryptocurrency 124

PYMNTS

JUNE 17, 2019

The dispute over the Office of the Comptroller of the Currency ‘s (OCC’s) national bank charter, which became available to FinTech firms last year, has reportedly caused technology conglomerates to shy away from a tool that aims to provide nonbank firms with a more streamlined way to operate on a national level.

Google 142

Google National Fintech Regulation 142

PYMNTS

JANUARY 29, 2018

China’s rising levels of corporate debt are in the headlines again with the nation’s banking regulator reportedly introducing to lower debt levels. Regulators must keep clear heads and cannot be blindly optimistic,” the regulator stated in its report. Reports in Reuters said Friday (Jan.

National 100

National Regulation New York Regional 100

PYMNTS

AUGUST 24, 2020

Here’s the latest news from Facebook, Amazon and others, which are coming under increasing scrutiny from regulators, trade groups and politicians the world over. Regulations. The services are not currently registered as distinct entities, although they are provided to users in the nation.

social media 152

social media Data Apple Compliance 152

PYMNTS

JANUARY 24, 2019

World leaders from countries including Japan, South Africa, China, and Germany said there should be global oversight of the technology industry, underscoring the interest internationally to regulate tech, which is an area where the U.S. Abe said Japan plans to push for increased oversight quickly but didn’t say what the plan will look like.

New York 122

New York Meeting National Data 122

PYMNTS

JUNE 16, 2018

Russia’s corporate treasurers are working with the nation’s central bank on a blockchain initiative, reports in CoinDesk said Friday (June 15). Russia’s FinTech Association and 14 of the nation’s largest banks collaborated on the development of Masterchain, reports noted, citing a white paper.

blockchain 113

blockchain National New York cryptocurrency 113

PYMNTS

AUGUST 2, 2019

This means that companies looking to pay suppliers abroad must transact in currencies less familiar — and certainly less liquid — than those tied to developed nations. Simply put, a local bank in an African country may not have a deep relationship with Citibank in New York. Those banks may use Barclays in the U.K.

Marketing 102

Marketing National Payments Examples 102

Abrigo

DECEMBER 18, 2023

Takeaway 2 Advisors recommend that financial institutions look behind some of the headlines and examine their own markets before ruling out CRE altogether. But understanding trends in their own portfolios and local markets can allow lenders to identify risk-appropriate CRE credits. They’re not your hometown.

Risk Management 221

Risk Management Management Lending Capital 221

PYMNTS

APRIL 13, 2020

“People are more interested in news about the spread of the virus than they are about the economic data,” said Art Hogan, chief market strategist at National Securities, said per a CNBC report. “We That’s ignored because we’re listening to who is plateauing … Is New York actually getting better and we see a peak?

Retail 216

Retail Data Capital New York 216

PYMNTS

JANUARY 29, 2020

As online lending platforms proliferate among the SMB borrowing community, however, experts warn that a lack of regulation means these companies rarely publicly reveal interest rates and fees. At the state level, New York Governor Andrew Cuomo signed legislation in August to curb the use of confessions of judgment.

Lending 136

Lending New York Online New Jersey 136

PYMNTS

JUNE 6, 2019

Waste is becoming ever more of a vice, especially among younger consumers, and now regulators. And that seems likely to create new opportunities for certain types of online merchants. News this week (June 5) from France supports those points. Now, regulators are getting into the game, as the news from France shows.

Retail 146

Retail New York Online Trends 146

CFPB Monitor

AUGUST 25, 2020

The central allegations in the new complaint generally track those made in the lawsuit against the OCC. The FDIC’s rule purports to regulate activities of non-banks which are beyond the FDIC’s jurisdiction.

FDIC 78

FDIC District of Columbia North Carolina Illinois 78

PYMNTS

NOVEMBER 5, 2018

The latest changes proposed by the Fed come on the heels of the May 2018 passage of the Economic Growth, Regulatory Relief and Consumer Protection Act, which in turn scaled back a number of financial regulations introduced a decade ago in the aftermath of the 2008 Financial Crisis. PSD2 News, Too.

Regulation 128

Regulation Guidelines New York Groups 128

CFPB Monitor

MARCH 11, 2020

In anticipation of the elimination of LIBOR, the Federal Reserve Board and the Federal Reserve Bank of New York (FRBNY) convened the AARC to identify alternative indices to replace LIBOR. Last year, the FRBNY began publishing the SOFR and the AARC recommended the use of SOFR to replace LIBOR.

New York 78

New York National Groups Community 78

PYMNTS

JUNE 6, 2016

Commerce Department, which has stated that it must turn over information, as noted by The New York Times , tied to its sales in Iran, Cuba, Sudan, North Korea and Syria. These nations have long been regarded by the U.S. Most of that derives from outside the American market, which is dominated by Cisco.

US 100

US United States Samsung New York 100

PYMNTS

DECEMBER 2, 2019

Looking back at 2019, and at cryptocurrencies, we may well make the declaration that fraudsters got a lot more brazen … which may mean 2020 is the year lawmakers and regulators clamp down through a global, concerted effort to root out financial crime. North Korea stands out in this respect.

Fraud 130

Fraud Report cryptocurrency National 130

Jeff For Banks

FEBRUARY 6, 2011

Take for example the language from an FA Article relating to a strategic plan issued by the OCC to The Suffolk County National Bank of Riverhead (“SCNB”) in New York on October 25, 2010: “The Board shall adopt, implement, and thereafter ensure Bank adherence to a written strategic plan for the Bank covering at least a three-year period.

Regulation 73

Regulation FDIC National Capital 73

Jeff For Banks

MAY 20, 2017

And regulators are getting anxious. and New York Community Bancorp called off their planned merger. Reading between the lines, this bank is likely over the CRE guidance levels, and were probably getting grief from their regulators about it. They need a marketing person to title their reports.

Lending 60

Lending Regulation Community Community Bank 60

PYMNTS

MARCH 17, 2017

Lack of oversight, regulation and the potential for fraud in the broader bitcoin space. The SEC noted that for them to approve an exchange that lists and trades shares of commodity-trust, exchange-traded products, the exchange must first have surveillance-sharing agreements with significant markets.

Bitcoin 123

Bitcoin Regulation cryptocurrency blockchain 123

PYMNTS

JANUARY 17, 2018

Bitcoin losses, however, were probably felt a bit more acutely — by close of business in New York, bitcoin was trading for $10,370, a 48 percent fall-off from the peak price of $19,783 that it hit in mid-December 2017. The more widespread bitcoin becomes, the more likely it is that stricter regulations will be enforced.”.

Bitcoin 101

Bitcoin cryptocurrency New York National 101

CFPB Monitor

MARCH 20, 2017

In a recent blog post , Alan Kaplinsky and Scott Pearson wrote about the remarks made by CFPB Director Richard Cordray and Comptroller of the Currency Thomas Curry at the LendIt USA conference in New York City earlier this month. As Alan demonstrates in his article, there is clear OCC and U.S.

Conference 68

Conference New York City National New York 68

Jeff For Banks

DECEMBER 9, 2020

On October 29, 2020, the New York State Department of Financial Services (DFS) issued a letter to all depositories and non-depositories regulated by them regarding climate change and financial risks. In her letter , Linda Lacewell, the DFS superintendent, said she expected regulated depositories under DFS supervision to: 1.

Lending 78

Lending Regulation Community National 78

PYMNTS

AUGUST 20, 2018

Three months in, the European Union’s General Data Protection Regulation still stymies some firms seeking to comply with new rules and regulations governing data protection and privacy. The waiting comes as the long-running debate over state vs. federal oversight over FinTechs and charters may play out through new chapters.

Fintech 101

Fintech Survey Regulation Resources 101

PYMNTS

FEBRUARY 27, 2017

Guo Shuqing, the former head stock market regulator in China, has been appointed as chairman of the China Banking Regulatory Commission, replacing Shang Fulin, who was forced to retire after reaching the mandatory retirement age of 65.

System 100

System New York Maine Regulation 100