PYMNTS

DECEMBER 18, 2019

The United Kingdom will create a technology regulator next year after Brexit is completed, according to a report by the Financial Times. s Competition and Markets Authority (CMA), which published a report on Wednesday (Dec. There is an emerging international consensus around the scope of new regulation.

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PYMNTS

AUGUST 30, 2018

China is struggling to bridge its small businesses to financing for growth, with broader fiscal policy at odds with the initiative, according to reports. 29) that the government’s efforts to spur small business lending by pumping money into the financial services market has yielded only modest success.

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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.

Regulation 175

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PYMNTS

MAY 7, 2018

China introduced new tax initiatives aimed at bolstering the nation’s entrepreneurs, according to local news reports on Friday (May 4). Vice finance minister Cheng Lihua introduced seven new tax policies during a press conference Friday, with the goal of saving small businesses $9.45 billion a year, reports from Xinhua said.

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PYMNTS

APRIL 20, 2020

Two law researchers say regulators should take the cryptomarket into serious consideration, according to an Oxford Law blog post. And they noted that many studies find a weak correlation or no correlation between the cryptomarket and the stock market. As a result, investors might find a safe haven in them.

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Abrigo

JANUARY 17, 2024

The United Nations estimates there are currently 40 million people enslaved around the world, and that one-quarter of them are children. According to the  National Human Trafficking Hotline , working in the financial industry provides you the opportunity to report suspicious behavior involving 92% of the various  types of human trafficking.

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PYMNTS

SEPTEMBER 30, 2020

The House committee held a hearing on the idea after Acting Comptroller of the Currency Brian Brooks in July proposed a new special purpose national banking charter for payments companies. However, the banking industry doesn’t like that one bit. “We

Regulation 349

Regulation National System Industry 349

PYMNTS

AUGUST 1, 2018

A new report by the Bipartisan Policy Center recommended several reforms that would help the U.S. The report called on Congress to establish a national commission to conduct a comprehensive review of existing financial laws and regulations, and establish a pilot program to test the efficacy of coordinated bank examination teams.

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PYMNTS

JUNE 14, 2017

Not only do regulations vary from jurisdiction to jurisdiction, but the consequences of non-compliance vary greatly, too. Turkey, the report found, was the most complex market for regulatory compliance, followed by Brazil, Italy, Greece and Vietnam. There are also an “extremely high number” of tax rules.

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PYMNTS

OCTOBER 30, 2017

National Highway Traffic Safety Administration (NHTSA) wants input from the industry in finding ways to remove regulatory issues that prevent the rollout of autonomous vehicles. The agency is also seeking feedback on what research it should conduct before choosing which regulations to eliminate and which ones to rewrite.

Regulation 100

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PYMNTS

FEBRUARY 24, 2020

billion-strong, high-spending consumers and their willingness to adapt to new technologies, trends and products may represent the economy of the future for many banks and businesses, but it is notoriously difficult for firms to enter and compete in this market. Confronting the Chinese Privacy Myth .

Regulation 160

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BankUnderground

JUNE 29, 2023

This post explores how the funding choices of banking systems and corporates affected their resilience during the early stages of Covid and whether subsequent policy actions were effective at mitigating financial stress. Each of these episodes also raised questions about the impact of the extensive post-2008 regulatory reforms.

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PYMNTS

DECEMBER 12, 2016

9), Michigan became the first state in the union to pass statewide, comprehensive self-driving vehicle regulations that allow autonomous vehicles to drive … well, autonomously. Additionally, these companies can also have vehicle prototypes approved by the National Highway Traffic Safety Administration (NHTSA).

Michigan 100

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PYMNTS

MAY 22, 2020

Treasury’s difficulties getting relief money to individuals, has renewed calls for the government to accelerate its FedNow national real-time payments network, still not expected to be operational until at least 2023. The Paycheck Protection Program (PPP) disbursement fiasco, coupled with the U.S. The Fed’s Failure. Problem No.

Payments 344

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PYMNTS

SEPTEMBER 4, 2018

s request for the European Union to expand its financial market access after Brexit isn’t going to be met in the near future. Reuters , citing Levin Holle, director general of financial markets policy in Germany’s finance ministry, reported that request won’t be met any time soon. It’s a system that banks in the U.S.,

Marketing 100

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Abrigo

AUGUST 20, 2021

Transnational Organized Crime Reaches Far and Is Growing One of FinCEN's first priorities for AML/CFT policy is to combat transnational organized crime (TOC). Crime proceeds linked primarily to the national sector such as fraud, burglaries, theft, robberies, loan sharking or protection racketeering were not included in these estimates.”.

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PYMNTS

MAY 16, 2020

According to various embodiments, cash may be removed from the markets in a frictionless manner and the payment ecosystem may be improved.”. A central entity may be a central bank which regulates a monetary supply,” the company wrote. “A A central entity may implement a monetary policy and issue currency.

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PYMNTS

APRIL 2, 2019

However, it does struggle in two areas: mid-band spectrum and national strategy. rose from third to first in the ranks due to “quick action and visionary leadership” from policy makers, as well as the slashing of regulations and laws preventing the technology from moving forward. By the latter part of 2019, the U.S.

US 160

US Policies United States Leadership 160

PYMNTS

DECEMBER 10, 2018

While entrepreneurs continue to reflect record-level optimism, their top concerns are increasingly including the tight labor market and the importance of retaining staff in such a climate. “And that’s the way the market economy works, for better or worse.” How did small businesses fare in job growth last month?

Marketing 148

Marketing Data Survey America 148

PYMNTS

FEBRUARY 19, 2019

banking industry is in flux, largely thanks to federal policy that has made it easier (and faster) for institutions to merge. Reports said Powell noted that looser community bank regulations may help keep branches open. making it one of the nation’s first new community banks in years.

Marketing 108

Marketing Community Community Bank Industry 108

PYMNTS

FEBRUARY 25, 2020

Chinese banking and business practices’ potential impacts are favored topics for bankers and merchants: Changes in this market often have ripple effects on global finances. Chinese regulators are also working on regulations to shore up application programming interface (API) innovations and platform banking. and the U.S.

Regulation 140

Regulation Compliance Online Data 140

PYMNTS

DECEMBER 2, 2019

Technology firms in China are framing facial recognition policies at the United Nations (UN), The Financial Times (FT) reported on Sunday (Dec. The data obtained by FT shows that Chinese tech firms are striving to expand markets for the latest facial recognition technology while advancing a global standard.

National 144

National Technology Resources America 144

PYMNTS

JULY 31, 2019

China’s banking regulation is in-flux. In May, the watchdog laid out a dozen additional measures as part of that effort, including ending a policy that required foreign banks to meet certain asset thresholds to operate and establish branches in China.

Lending 134

Lending Policies National Guidelines 134

CFPB Monitor

OCTOBER 4, 2022

During the relevant time period, Lakeland relied almost entirely on mortgage loan officers, all but one of whom were assigned offices in branches in majority-white neighborhoods, to develop referral sources, conduct outreach to potential customers, and distribute mortgage lending marketing materials.

New Jersey 147

New Jersey Lending Community National 147

PYMNTS

NOVEMBER 12, 2018

The Nassau Guardian reported that the framework will address many of the regulatory challenges the bank associates with crypto, including tax evasion, market volatility, fraudulent initial coin offerings (ICOs), and anti-money laundering policies.

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Marketing cryptocurrency social media blockchain 179

American Banker

MARCH 15, 2024

The Consumer Financial Protection Bureau is preparing to pick winners and losers in the consumer lending market, stifling innovation and curtailing freedom of choice.

National 48

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PYMNTS

FEBRUARY 15, 2018

He said that in his own state of Washington, state regulators have been looking at those issues for some time to determine the possibility of some sort of reciprocity or sharing of information. “It The pilot being run with those initial seven states will provide some answers for how state regulators can streamline the process.

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Washington Regulation Conference Fintech 101

Abrigo

MARCH 24, 2021

Anti-Money Laundering Act of 2020 BSA professionals should prepare for changes as new regulations and guidance from FinCEN unfold. Takeaway 2 While the AMLA is now law, regulations, guidance, and other information still needs to be written. These include conducting studies, writing regulations, and publishing guidance.

Regulation 195

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PYMNTS

AUGUST 17, 2020

Amazon is facing an investigation by Germany’s national competition regulator over the eCommerce giant’s relationship with third-party sellers, Reuters reports. “We Germany is Amazon’s second largest market. In response, Amazon said the company’s policies were designed to guarantee its partners set competitive prices.

Retail 209

Retail Policies Marketing Online 209

PYMNTS

OCTOBER 19, 2020

Regulation. Two government officials from European nations have advocated to have watchdogs engage in preventative measures against Big Tech to reduce their strength and handle on the market, according to reports. The new regulations would also reshape the manner in which these companies collect and harness information.

Taxes 143

Taxes Compliance Regulation Google 143

BankUnderground

NOVEMBER 2, 2022

This includes not just the very large banks, but also critical financial market infrastructures (FMIs). They provide the networks for payment, settlement and clearing that connect and ensure the functioning of international capital markets. FMIs play a unique role as the ‘plumbing’ of the financial system.

Operations 90

Operations Policies System Regulation 90

Abrigo

FEBRUARY 24, 2022

Takeaway 1 Interest rate risk for financial institutions is the risk that earnings and market value may decline as market interest rates change. . The Federal Reserve’s upcoming rate hike gives bankers more reason than ever to focus on IRR, asset/liability management (ALM), and deposit management strategies, policies, and programs.

Management 195

Management Analysis Strategy Policies 195

Jeff For Banks

AUGUST 2, 2014

My firm will occasionally provide feedback on correspondence to our clients'' regulators. I thought about what we should have said to the regulator, versus the sweet words I was encouraging our client to use. Below is a sample letter to your regulator, saying it like you mean it. Warm Regards, Schmidlap National Bank.

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PYMNTS

SEPTEMBER 1, 2020

The BIS found that decline is even more pronounced in emerging-market economies and smaller island nations. For instance, the number of active correspondent banks fell about 23 percent in advanced economies, but as much as 41 percent in developing nations. A Reduction In The Number Of Corridors .

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blockchain System National Payments 307

PYMNTS

MAY 2, 2016

Treasury has added five nations to its list of trading partners with foreign exchange policies that need to be monitored, according to reports on Saturday (April 30). New customs regulations mean these countries fit the criteria to be monitored over the next six months, reports added.

United States 100

United States US Policies Guidelines 100

PYMNTS

JULY 11, 2019

percent dip after his Wednesday testimony about monetary policy. This is a direct response to the Powell testimony and comments on Facebook’s Libra and the implications that could have for the entire cryptocurrency space,” said Craig Erlam, senior market analyst at FX trading platform OANDA. This loss in value follows a 3.8

Bitcoin 173

Bitcoin cryptocurrency Regulation System 173

PYMNTS

MAY 20, 2020

TIPS is a real-time payments network that the ECB created to build a more streamlined, interoperable Pan-European instant payments rail — one that allows for funds to be transferred quickly and seamlessly among all EU nations on a 24/7 year-round basis. Official guidelines and regulations can only go so far, however.

Payments 210

Payments Guidelines Regional Strategy 210