CFPB Monitor

JULY 1, 2021

First, they represent the first effort by a state regulator to pursue the dealer finance charge issue against an assignee of retail installment contracts that we are aware of. The consent orders do not specify the analytical method used to arrive at these disparity figures. We will be watching for more developments from NYDFS on this issue.

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PYMNTS

APRIL 18, 2018

New York Attorney General Eric Schneiderman has announced the launch of the Virtual Markets Integrity Initiative, a fact-finding inquiry into the policies and practices of cryptocurrency trading platforms. One company has already announced that it plans to comply with Schneiderman’s request.

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New York cryptocurrency Policies Operations 101

PYMNTS

SEPTEMBER 16, 2019

The first Influencer Fraudnomics Summit in New York City on Tuesday (Sept. 17) will discuss the fraud problem stemming from influencer marketing. The event strives to unite the worlds of communications and marketing to stimulate conversations about digital marketing and influencer campaigns, PR Daily reported on Monday (Sept.

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social media Regulation New York City Baltimore 150

CFPB Monitor

DECEMBER 6, 2022

Earlier this year, New York delayed the effective date of its new law requiring card issuers to provide a grace period for using credit card rewards points that was slated to be effective later this week. The delay means that the effective date of the new law is now December 10, 2023.

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PYMNTS

DECEMBER 3, 2020

regulators are eyeing complaints that Facebook is muscling out the competition in the virtual reality area, as more than 40 states gear up to file an antitrust lawsuit against the company next week. Facebook is accused of using its market power to keep out companies that offer competing games and services. Earlier this week (Nov.

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PYMNTS

JULY 16, 2019

France’s financial regulator is set to approve a wave of cryptocurrency-related firms in the country, subjecting them to new rules that include paying taxes and complying with capital requirements and consumer protections, according to a report by Reuters. Because digital currency is so new, regulations vary around the world.

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Regulation Company cryptocurrency Taxes 143

PYMNTS

APRIL 24, 2019

Regulators want to have a greater stake in the way sharing platforms operate. Many of these regulators also now expect sharing and payment services to comply with shifting data regulations, like GDPR. For more on this and other developments, take a look at the Playbook’s News and Trends section.

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PYMNTS

AUGUST 9, 2020

Then the regulator clears the payment to be deposited to the nonexistent fund. The PFSA said it “would like to remind you that the cryptocurrency market in Poland is not a regulated or supervised market. They still have to inform NYDFS before using the coin, though.

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blockchain Bitcoin New York cryptocurrency 224

PYMNTS

DECEMBER 11, 2019

The New York State Department of Financial Services (DFS) is proposing revised rules for the listing of new virtual currencies and will review the state’s BitLicense , the regulator announced in a press release on Wednesday (Dec. DFS Superintendent of Financial Services Linda A. Comments are due on Jan.

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New York Regulation cryptocurrency Meeting 132

PYMNTS

MAY 3, 2019

Regulators from New York got the nod from a judge to move forward with their lawsuit aimed at stopping FinTechs from offering banking services on a national level. Regulators in New York want to prevent federal government agencies from granting FinTechs national licenses enabling them to loan and send money like a bank.

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PYMNTS

MAY 4, 2020

In eight countries, it appears that the parent company has decided Uber Eats fails to deliver the desired market clout. This continues our strategy of focusing our energy and resources on our top Eats markets around the world,” the company said, adding that the moves will not affect its ridesharing business. . and other countries.

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PYMNTS

FEBRUARY 25, 2019

cannabidiol (CBD) market continues to grow, with nearly 7 percent of Americans saying they use the substance. the market could reach $16 billion by the year 2025, as per a report by Bloomberg. Regulators in New York City recently ordered places that sell food to stop putting the substance in meals or beverages.

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PYMNTS

OCTOBER 13, 2019

financial regulators have warned firms with registered digital assets that they must follow securities laws to prevent money laundering, as well as report any suspicious activity. We haven’t said anything about ether — until now,” Tarbert said at Yahoo Finance ‘s All Markets Summit in New York City. “It

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Regulation Security New York City Bitcoin 122

PYMNTS

APRIL 5, 2019

Silicon Valley-based financial services startup Earnin has potentially run afoul of New York State regulators with its payday advance product for consumers. The apps has been popular with consumers, with 10 million downloads thus far in the six years it has been on the market. About half of those were in the last year.

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PYMNTS

MARCH 9, 2020

Banks on Wall Street are talking to regulators about waiving rules regarding brokers working remotely while the coronavirus makes its way through New York, according to a report by Reuters. New York Gov. The CEO of the Securities Industry and Financial Markets Association (SIFMA), Kenneth Bentsen Jr.,

New York 154

New York Regulation Meeting Industry 154

CFPB Monitor

OCTOBER 25, 2022

Following up on a threat it made back in 2018 , the New York State Department of Financial Services (DFS) announced on October 6, 2022 that it entered into a consent order with Rhinebeck Bank (“Rhinebeck”) to settle discrimination claims involving discretionary dealer markups on retail installment contracts with minority borrowers.

New York 78

New York Lending Community Bank Community 78

Abrigo

JUNE 27, 2023

Key Takeaways Real estate markets are vulnerable to money laundering and fraud because of their transaction size and appreciation over time. Regulations such as Geographic Targeting Order updates help identify AML risks by requiring identification for certain real estate purchases. Why real estate?

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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.

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Mobile Regulation New York National 148

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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Regulation North Carolina Alabama cryptocurrency 100

PYMNTS

SEPTEMBER 14, 2018

To challenge the Office of the Comptroller of the Currency (OCC)’s decision to allow online payment companies and lenders to have national bank charters, the top banking regulator in New York is suing the federal government. Of that total, 8,664 were New York business customers and 226,656 were New York individual customers.

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New York Fintech Lending Regulation 173

PYMNTS

SEPTEMBER 30, 2020

In today’s top news in digital-first banking, global card issuing platform Marqeta debuted its Tokenization-as-a-Service (TaaS) offering, while the Bank of New York Mellon (BNY Mellon) has named a new executive for global market infrastructure. BNY Mellon Names Robin Vince To Lead Global Market Infrastructure.

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Marketing New York Cards Conference 130

PYMNTS

JULY 12, 2018

New York’s Department of Financial Services is recommending that online lenders are subjected to the same scrutiny and regulations that traditional banks face. Cuomo on June 1, 2017, required DFS to study online lending in New York State and submit a report of its findings. A bill signed by Governor Andrew M.

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Online New York Lending Regulation 100

PYMNTS

JULY 24, 2019

New York’s Department of Financial Services (DFS) has launched a new Research and Innovation Division that will be responsible for licensing and supervising virtual currencies. And the New York Times has revealed that it is planning to use blockchain technology to fight fake news.

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Regulation Bitcoin New York Online 108

PYMNTS

SEPTEMBER 10, 2018

The cryptocurrency market is continuing its descent with the market hitting a new ten-month low after the price of Ether declined and regulators in the U.S. New York Time Friday (Sept. New York Time Friday (Sept. halted trading in two securities that are tied to cryptocurrency.

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cryptocurrency Marketing Bitcoin blockchain 104

PYMNTS

OCTOBER 11, 2020

Santander Bank has announced three high-level appointments, two overseeing lending operations and another overseeing marketing, according to a press release. Marchesi holds a Bachelor of Arts degree in international marketing from Hofstra University and an MBA in finance from New York University, according to Santander.

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Lending New York Virginia Boston 160

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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Regulation South Dakota ATM New York City 135

Perficient

MAY 15, 2023

market trend data, economic data, etc.) Additionally, maintaining clear, comprehensive data systems promotes business ethics and adherence to laws and regulations enforced by regulatory bodies. Venues in New York City, and it is free for those employed by financial services institutions to attend.

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Data Conference New York City New York 275

PYMNTS

MARCH 26, 2019

The Federal Reserve Bank of New York has announced the creation of the Fintech Advisory Group to bridge the communication gap between the FinTech industry and consumer organizations, the organization said in a release. The group members will be picked based on expertise across all FinTech -related issues.

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Groups Fintech New York Financial Technology 135

PYMNTS

SEPTEMBER 16, 2019

17), per new regulations in New York City , according to a report by Reuters. The new regulations are meant to boost driver pay and help to lessen congestion in the city. Lyft recently took similar action due to city regulations. The New York Taxi Workers Alliance said Uber was lying to its drivers.

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New York City New York Regulation Policies 109

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.

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Bitcoin Regulation New York Video 108

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.

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Regulation Payments National New York 134

PYMNTS

JANUARY 30, 2019

The New York Department of Financial Services (DFS) announced it has fined Standard Chartered $40 million for attempting to rig transactions in foreign exchange (FX) markets between 2007 and 2013. The DFS’ investigation discovered that traders used emails, phone calls and personal meetings to try to rig transactions.

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New York Compliance Risk Management Meeting 128

PYMNTS

OCTOBER 16, 2020

New York City is also high up there, with $2.2 The pandemic has dealt blows to many markets, but so far, London's FinTech market appears to be coping well, the release stated, with data suggesting that around 95 percent of the U.K.' billion in investments. billion in investments. isn't emerging unscathed, though.

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San Francisco Fintech New York City Data 265

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.

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Marketing cryptocurrency Conference Security 109

PYMNTS

NOVEMBER 14, 2019

Telegram has submitted a new legal filing requesting that the New York Southern District Court dismiss accusations by the U.S. In other news, Kik is also facing a legal battle with the SEC over its $100 million initial coin offering (ICO). Securities and Exchange Commission (SEC) that its cryptocurrency is a security.

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Security Marketing New York Bitcoin 100

PYMNTS

APRIL 3, 2019

In the wake of the crash in bitcoin last year, institutional players that had big plans for the cryptocurrency market are reigning in those efforts. A person familiar with its bitcoin trading operations told The New York Times that a year after launching the business, interest on the part of customers is weak.

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Bitcoin New York Chicago cryptocurrency 100

PYMNTS

DECEMBER 9, 2020

DoorDash soared on its first day of trading on the New York Stock Exchange Wednesday (Dec. The company’s IPO commences a busy time for companies to hit the markets, with Airbnb scheduled to go public on Thursday (Dec. The food delivery company trades under the ticker symbol of “DASH.”.

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District of Columbia DC New York Marketing 208