PYMNTS

NOVEMBER 23, 2017

On the face of it, China’s announcement that it would open its financial markets to increased ownership by foreign companies seems a sea change. In reference to life insurance firms, a 51 percent limit will take effect and will be eliminated in five years. But then again, refocus a bit and the waves look like ripples.

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Jeff For Banks

APRIL 4, 2024

The Fed has paused for nearly a year now, and it was our experience in 2006-07 that bank cost of funds continued to increase as the market closed the delta between what someone could earn in a money market mutual fund and a bank account. But not until $1 trillion went from banking to money markets.

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CB Insights

NOVEMBER 5, 2020

Distributed ledger technology (DLT) — which uses tech like blockchain to verify transactions without the need for a centralized authority — is gaining traction as a way to revamp capital markets infrastructure by making it more streamlined, improving transparency, and reducing associated fees. But financial incumbents are also making waves.

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PYMNTS

AUGUST 20, 2018

The case against them, and the decision it rendered, deviated sharply from the traditional Sherman Act cases that accused companies of using their market power to raise prices to the detriment of the consumer. Regulators didn’t destroy A&P in the end. There was one wholesaler for every 43 mom-and-pop operations.

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PYMNTS

OCTOBER 7, 2019

Securities and Exchange Commission (SEC) is seeking to “modernize” the regulation of exchange-traded funds (ETFs) in a bid to make those investment vehicles more innovative, and give them quicker entrance to the market. SEC Chairman Jay Clayton told CNBC last month that “progress is being made” in crypto ETFs coming to market.

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Abrigo

JULY 13, 2023

In the context of financial crime, this troubling analogy refers to a manipulation technique used to exploit vulnerabilities in a victim through frequent interactions and social engineering. Many victims are lonely or isolated and don’t understand cryptocurrency markets. What exactly is a pig butchering scam? billion loss in 2022.

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Bobsguide

JULY 3, 2022

Lyn Canavan, Head of Marketing at AutoRek , commented, “We are delighted to have won this prestigious award and to be recognised again as a provider of the ‘Best CASS Solution’ by the Systems in the City Financial Technology Awards judging panel.

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PYMNTS

OCTOBER 30, 2018

Coinbase, the cryptocurrency exchange operator, has raised a fresh round of funding that gives it a valuation of more than $8 billion. The latest round of funding implies investors are still interested in the cryptocurrency market despite the steep declines in the price of many of the digital tokens.

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PYMNTS

JANUARY 16, 2020

Mobility is one of the areas where Europe will really benefit from a local champion who shares the values of European consumers and regulators,” Villig said. The funding comes as Uber faces a possible ban in London by transportation regulator Transport for London. Bolt rolled out in London last June.

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PYMNTS

OCTOBER 15, 2020

Size and market share are likely to be determining factors in who ends up on the “Big Tech hit list.”. House of Representatives antitrust subcommittee published its report on larger technology firms and competition in digital markets. According to reports, the new rules would also change the way these firms gather and use data.

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Accenture

SEPTEMBER 22, 2019

An obvious reason is the inroads they’re making into the market, both domestically and globally: recent Accenture research finds that digital-only banks operating in the UK could amass a total of 35 million customers globally within the next 12 months, up from 13 million today. Regulation. Why are they doing so well?

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PYMNTS

MAY 29, 2019

The shipping firms that rely on the rail operators to move goods are grappling with new timetables. billion last year, and the Surface Transportation Board, which regulates the industry, said the charges will be even more this year. As the financial news publication noted, large rail firms such as Union Pacific Corp. Those charges?

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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

BankUnderground

AUGUST 31, 2022

While regulators cannot be sure what risks the next decade will feature, they can be sure that the set of issues will continuously evolve. ‘The place beyond the banks’: market-based finance and non-bank financial institutions. Alina Barnett, Sinem Hacioglu Hoke and Simon Lloyd.

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PYMNTS

FEBRUARY 18, 2019

which the institution plans to deploy in its corporate payments operation. However, participation from the traditional financial services sector isn’t necessarily a requirement when it comes to crypto adoption, even in the B2B payments market, according to BitRail Co-founder and Vice Chairman Cameron Chell.

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PYMNTS

APRIL 26, 2016

Bitstamp has stamped its name in the record books in the EU for being the first company of its kind to secure a national license to operate as a bitcoin exchange. The company was awarded a license by the Luxembourg government, which recognizes it as a fully regulated, licensed exchange. That included security reviews and audits.

Bitcoin 100

Bitcoin National Security Regulation 100

PYMNTS

SEPTEMBER 6, 2018

The age of technology is, of course, well upon us, with Software-as-a-Service (SaaS) a key conduit to making sure that at least some business operations — once the province of spreadsheets and reams of paper — can be streamlined. IdentityMind has come to market with two offerings: the KYC and ICO plugins. Plugging In To Plugins.

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Compliance Fintech Regulation Knowledge Base 133

PYMNTS

MARCH 21, 2017

MarketInvoice operates in a completely different market,” he told the publication. regulators, reports said, while last month, MarketInvoice launched its factoring service to corporate borrowers. He’s the founding father of P2P,” said Anil Stocker, CEO and cofounder of MarketInvoice, in reference to Andrews.

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PYMNTS

MAY 20, 2019

As noted in a statement by Charlotte Roule, vice president of the European Chamber, the transfers “might be due to a number of reasons … either way, it is unacceptable that this practice continues in a market as mature and innovative as China.” In March , the American Chamber of Commerce in Beijing – gathering the opinions of hundreds of U.S.

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PYMNTS

JULY 5, 2017

Two months ago, another EU opinion threw out Uber’s argument that as a digital platform, it should face less regulation than a taxi company. The most recent case referred to the EU by a French court dealt with a 2014 French law making it a crime to organize illegal taxi services.

Management 109

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PYMNTS

JANUARY 28, 2019

Yes, I know that for many of you, especially in California, this is old news and standard operating procedure – but hear me out. The specific issue that I’m referring to is merchant surcharging – a fancy term to describe the fee charged by merchants when consumers use network-branded card products to pay for their purchases.

Regulation 181

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BankBazaar

APRIL 19, 2023

Amid the financial uncertainties, Silicon Valley Bank (SVB) collapsed in March this year, sending shockwaves across the global financial markets. What have the regulators done? After the collapse, the governments and regulators across the world are checking for SVB exposure in their corporate and banking sectors.

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PYMNTS

JUNE 11, 2018

In one of the latest salvos , know your customer, or KYC, efforts are being championed by the Asia Securities Industry and Financial Markets Association ( ASIFMA ). community banks hailed some changes to the Dodd-Frank regulations, particularly in regard to how small to medium banks are treated. Closer to home, in the U.S.,

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CFPB Monitor

NOVEMBER 24, 2020

A bank with $100 million or more in total assets would be presumed to hold such a market position but could attempt to rebut the presumption by submitting written materials to the OCC demonstrating it does not hold either market position. Comments on the proposal are due by January 4, 2021.

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PYMNTS

JULY 26, 2019

which operates the CASS program, reported that 17,687 small businesses change their banks in Q2. The bank switching scheme first launched in 2013 to promote banking competition and is part of a range of regulatory efforts to strengthen the financial services market. Chief Operating Officer Matthew Hunt in a statement.

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Abrigo

APRIL 21, 2023

Ongoing assessments of loans Continuous monitoring for loan review refers to the practice of conducting ongoing assessments of loans in the portfolio to help create and support a system for independent credit risk review. Limited reviews used in this process can be a means to determine where to do targeted, more comprehensive exams.

Lending 195

Lending Risk Management Software System 195

CFPB Monitor

JULY 7, 2022

Also, its legislative history refers to the Bureau’s antidiscrimination authority in the context of ECOA and HMDA, while referring to the Bureau’s UDAAP authority separately. The white paper concludes as follows: The CFPB’s action has tremendous implications for consumers, banks, and for financial markets at large.

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CFPB Monitor

OCTOBER 17, 2022

The new report represents a return to the Bureau’s pre-2016 practice of including in the annual report not only the information on college credit card agreements mandated by the CARD Act but also information on other financial products marketed to students. College Deposits Market.

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Abrigo

JUNE 5, 2023

In addition, even before the recent banking troubles, regulators have emphasized the financial institution’s responsibility to provide leaders with information on key areas of planning, operations, and risk management. Regulators review them to assess safety and soundness.

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PYMNTS

AUGUST 3, 2017

“Regulators have been quite slow and it is bordering on shameful, to be quite honest. ” Reports said the executive is referring to an ongoing review by the Basel Committee on Banking Supervision, and Winters added the decision to not restart dividend payments is “the cautious thing to do.”

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PYMNTS

AUGUST 14, 2019

The second was the rise of cryptocurrency (though during his remarks he tended to refer to it as Convertible Virtual Currency or CVC). When it came to technology, Blanco was specifically interested in – and concerned about – two main areas. The first is the rise of mobile gaming and gambling. “What you do saves lives.”

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PYMNTS

APRIL 22, 2016

According to reports from Sky News, MasterCard is in what’s being referred to as “exclusive talks” with VocaLink to buy the U.K.’s ’s faster payments operating system in order to gain a larger share of the card market. Neither MasterCard or VocaLink have commented on the matter.

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PYMNTS

NOVEMBER 22, 2018

But the seismic changes above just as easily refer to Brexit years after the historic 2016 vote marking a thumbs up to a historic divorce. basic access” to the bloc’s financial markets. Critics charge that equivalency can be revoked by regulators in Brussels, and that the U.K. The legacy of World War I?

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PYMNTS

NOVEMBER 20, 2017

JPMorgan Chase’s Swiss subsidiary broke anti-money laundering rules in that country, according to FINMA, the Swiss financial markets authority. In reference to what the outcome might be, Reuters noted that FINMA does not have the ability to impose fines, but does have a number of disciplinary arrows in its quiver.

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Meeting US System Operations 108

CFPB Monitor

NOVEMBER 29, 2021

Federal banking regulators have been busy in this space. President’s Working Group on Financial Markets, which delineated perceived risks associated with the increased use of stablecoins and highlighted three concerns: risks to rules governing anti-money laundering (“AML”) compliance, risks to market integrity, and general prudential risks.

Compliance 78

Compliance cryptocurrency Regulation FDIC 78

CFPB Monitor

FEBRUARY 7, 2019

The CFPB announced that it has entered into a settlement with the owners of payday loan retail outlets that operated under the name “Cash Tyme” in seven states to resolve alleged violations of the Consumer Financial Protection Act, the Gramm-Leach-Bliley Act/ Regulation P, and the Truth in Lending Act/ Regulation Z.

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PYMNTS

AUGUST 8, 2019

Apple is facing Russian scrutiny following a cybersecurity complaint that it is taking advantage of its controlling market position, Russia’s anti-monopoly watchdog told Reuters on Thursday (Aug. Apple said the removed apps used a “highly invasive” technology – Mobile Device Management (MDM) – that violated the App Store policies.

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