PYMNTS

JANUARY 19, 2018

In the latest sign of regulatory action in the virtual currency realm, the Commodity Futures Trading Commission (CFTC) has filed a lawsuit against three virtual currency operators, with allegations that the trio had defrauded customers. In addition, the regulator charged, the three operators broke laws governing commodity trading.

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Operations Regulation US Bitcoin 120

PopularBank

MAY 24, 2024

By Andrew Boland – Director of National Healthcare Financing, Popular Bank A minimum staffing standard for nursing homes across the country was unveiled last month, raising concerns from operators and industry leaders over the impact the mandate will have on their ability to maintain adequate access to long-term care. 5 ways to prepare.

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Operations Training Community Meeting 52

Perficient

FEBRUARY 15, 2024

This blog was co-authored by Perficient Risk and Regulatory CoE Member: Alicia Lawrence The announcement of significant amendments to the New York State Department of Financial Services (NYSDFS) regulations on December 1, 2023, represents a pivotal moment for entities operating within New York’s financial sector.

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New York Compliance Regulation Analysis 221

PYMNTS

OCTOBER 12, 2020

Facebook's proposed global digital currency Libra is expected to get pushback from G7 leaders who are anticipated to publicly oppose the project due to a lack of regulations, according to a Reuters report on Monday (Oct. 13) during a meeting of finance ministers and central bankers from the U.S.,

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Regulation Meeting System Security 200

Perficient

FEBRUARY 15, 2024

This blog was co-authored by Perficient Risk and Regulatory CoE Member: Alicia Lawrence Perficient’s Risk and Regulatory Center of Excellence (CoE) remains at the forefront of evolving financial rules and regulations, ensuring readiness to tackle emerging challenges and safeguard financial institutions and its customers.

Compliance 221

Compliance New York Regulation Analysis 221

PYMNTS

NOVEMBER 26, 2019

Regulation is perhaps the strongest driver of Lithuania’s FinTech-friendly environment. Particularly amid the continuing uncertainty surrounding Brexit, FinTechs are turning to Lithuania to retain their European footholds and operate in a country that supports their innovative ambitions. Resuming Operations.

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Compliance Regulation Fintech Resources 182

PYMNTS

FEBRUARY 3, 2020

Department of Justice (DOJ) will meet with state attorneys general representatives to review collective investigations of Google. Officials from as many as seven states — Texas included — will be at an afternoon meeting in Washington, D.C., As PYMNTS reported last week , this meeting in Washington, D.C. On Tuesday (Feb.

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Puerto Rico Google Meeting Washington 130

Perficient

OCTOBER 27, 2022

In addition, the regulators are trying to keep as many resolution options as possible open for the FDIC to resolve a firm in a way that minimizes the long-term risk to the Deposit Insurance Fund (DIF). GSIBs maintain enough loss-absorbing capacity to fully recapitalize material subsidiaries quickly for continuous operation.

Capital 275

Capital Regulation FDIC Regional 275

CFPB Monitor

JUNE 1, 2022

The California Privacy Protection Agency (“CPPA”) scheduled a Board Meeting for June 8 th , in which it will be discussing and possibly taking action with regard to the much anticipated CPRA enforcing regulations. To facilitate this discussion, the CPPA included a draft of the proposed regulations as part of the meeting records.

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California Regulation Meeting Operations 78

Perficient

MAY 30, 2024

The world’s leading financial institutions and regulators come together at XLoD to discuss the future of non-financial risk and control. Many banking firms that are operating with multiple legacy systems are curious about implementing new AI technologies. What is XLoD Global?

Compliance 221

Compliance Industry New York social media 221

PYMNTS

OCTOBER 9, 2019

As has been widely reported by CNBC, The Wall Street Journal and other outlets, the member firms behind the Libra Association, now at 27 firms (down one PayPal), are slated to meet on Monday (Oct. There’s an agenda behind the meeting, of course, where the companies will appoint a board of directors. 14 meeting in Geneva.

Meeting 144

Meeting Regulation Hawaii Policies 144

Cisco

OCTOBER 4, 2022

It is an update to the 2004 Operations book, and links the different processes of Architecture, Infrastructure, and Operations (AIO) into a cohesive framework for auditors to assess. In this booklet the FFIEC discusses the principles and practices for IT and operations, as well as processes for addressing risk respective to IT systems.

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Operations Software Risk Management Management 118

Bank Innovation

JANUARY 8, 2020

Gas station operators who fail to […]. Visa and Mastercard have given U.S. gas station owners until October of this year to upgrade pumps to accept EMV chip cards, rejecting a deadline extension request from the Merchant Advisory Group.

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Cards Meeting Groups Retail 259

PYMNTS

JANUARY 25, 2021

Last week marked the third anniversary of PSD2 , the regulation that launched open banking in the U.K. and Europe. And those three years have given rise to a slew of new companies capitalizing on that initiative all over the world, as well as established companies making their mark.

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Online Meeting Payments Cards 300

PYMNTS

OCTOBER 6, 2020

The friction is mainly education,” said Lance Carlson , co-founder and chief operating officer for payment services software provider HealPay. “. Firms looking to verify that their operations follow PCI requirements must pay not only to have their businesses audited but also to bring them up to speed if they do not.

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Compliance Meeting Payments Cards 178

The Paypers

OCTOBER 1, 2023

Cryptocurrency exchange Gemini has announced it will halt operations in the Netherlands due to its inability to meet the regulators’ requirements.

Operations 41

Operations cryptocurrency Meeting Regulation 41

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. There is an emerging international consensus around the scope of new regulation. Members of BEIS have been meeting with lawyers and different academics to determine how the regulator will operate.

Regulation 134

Regulation Google Policies Meeting 134

FICO

JULY 13, 2020

Two months ago, I posted about why it is important for collections operations to adopt a forward-looking approach to debt management – basically the importance of having a clear and compelling vision. New guidelines from the FCA that call for operational resilience in collections reinforce this point. The Expectation for Resilience.

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Meeting Operations Customer Experience Technology 52

BankUnderground

NOVEMBER 2, 2022

Operational risk is rapidly becoming one of the most important threats to the financial system but is also one of the least well understood. But they are only one part of operational risk, which includes losses from any kind of business disruption or human error, including power outages or natural disasters.

Operations 93

Operations Policies System Regulation 93

PYMNTS

JUNE 20, 2019

Powell also said that regulators have jurisdiction to enforce anti-money laundering regulations on business that operate within the digital sphere. “We It isn’t always easy for regulators to deal with cryptocurrencies, which don’t necessarily adhere to rules written before they came into existence. Cowen & Co.

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Regulation cryptocurrency System Bitcoin 168

CFPB Monitor

JUNE 2, 2022

In a surprising development, the California Privacy Protection Agency (CPPA) published proposed amendments to the CCPA regulations recently. The proposed amendments were initially made public in a package of materials to be considered by the CPPA at its upcoming June 8 meeting. The Proposed Regulations Are Highly Pro-Consumer.

Regulation 78

Regulation California Exercises Compliance 78

Abrigo

DECEMBER 5, 2023

AML Compliance Ten qualities of a successful BSA officer Hiring a Bank Secrecy Act (BSA) Officer for a financial institution involves looking for a unique experience level and skillset that ensures compliance with the BSA and related regulations. But what makes an exceptional BSA Officer?

Training 221

Training Compliance Regulation Software 221

PYMNTS

SEPTEMBER 16, 2019

Global central bank officials met with leaders from both Facebook’s Libra Association and JPMorgan to discuss policies and regulation around new cryptocurrencies, the Bank for International Settlements (BIS) said in a press release on Monday (Sept. The BIS is an umbrella organization for the world’s largest central banks.

Meeting 125

Meeting cryptocurrency Conference Policies 125

PYMNTS

DECEMBER 3, 2019

The exchange posted an announcement on its website to inform users that its services and servers will cease operations after December 15. Trump had been pressuring Kemp to appoint Representative Doug Collins, with the two reportedly having a tense meeting at the White House last week. Let’s see if you can win one w/o Trump.”.

Bitcoin 131

Bitcoin Operations social media Georgia 131

PYMNTS

JANUARY 16, 2020

The headline statement is that crypto firms have traditionally operated in a regulatory environment that might charitably be likened to the “Wild West.” This includes customers who meet the definition of a politically exposed person.”. Earlier this month, the U.K.’s Final determination on that proposed ban could come early this year.

Regulation 132

Regulation cryptocurrency User Experience Operations 132

PYMNTS

OCTOBER 31, 2019

Shanghai regulators are ordering more than 40 peer-to-peer (P2P) lenders to get ready to close shop, the Financial Times (FT) reported on Thursday (Oct. China’s P2P sector emerged during a wave of deregulation and has operated with little oversight. Lufax had been struggling since 2016 to meet requirements.

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Regulation Lending Meeting Fraud 100

PYMNTS

JANUARY 31, 2019

Flipkart, the Walmart-owned Indian eCommerce player, and Amazon’s Indian unit are having a tough time meeting the deadlines under new eCommerce laws in the country. That, the critics contend, hurt the merchants that aren’t operating online.

Meeting 129

Meeting Online Retail Operations 129

Insights on Business

MARCH 19, 2018

Up to 200 regulatory changes occur every day, varying from large scale regulation like Dodd Frank, to minute changes to the font and size of footnotes in regulation text. Banks and financial institutions are looking for any advantage they can get to streamline operations and reduce compliance costs.

Compliance 135

Compliance Meeting Regulation Comparison 135

Abrigo

JUNE 12, 2023

A regulatory baseline Benefits to adopting the model money transmitter act framework Money transmitters are regulated at the state level, and the absence of a standardized licensing and regulatory framework across states can lead to consistency and challenges for money transmitters. alone, handling $6 trillion in payments.

Compliance 195

Compliance Fraud Regulation Guidelines 195

PYMNTS

OCTOBER 30, 2020

Compliance with oversight laws, especially those involving anti-money laundering (AML) or know-your-customer (KYC) regulations, is a perennial struggle for FIs of all sizes. Automating Compliance.

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Operations Payments Compliance System 228

Perficient

FEBRUARY 29, 2024

Banking institutions are responding by integrating advanced technologies, particularly artificial intelligence and data analytics, into their lending operations to enhance efficiency and adaptability. The emergence of modern alternatives to traditional credit scoring signifies a broader movement toward financial inclusion.

Trends 221

Trends Industry Analytics Compliance 221

Abrigo

APRIL 6, 2022

New Rule Outlines Computer-Security Incident Notification Obligations for Banks Financial institutions and their service providers should prepare to meet new computer-security notice requirements by May 1, 2022. . You might also like this webinar, "Russian Sanctions: Impact, Implications, and Best Practices."

Security 195

Security Regulation District of Columbia United States 195

Abrigo

MAY 20, 2022

Meet Model Risk Management Expectations Updates to the FDIC Risk Management Manual should steer institutions toward a model that manages risk and drives growth. Takeaway 1 Aside from meeting examiner expectations, proper model risk management can protect your institution from unnecessary risk. . Evaluating Leadership. Lowering Risk.

Risk Management 195

Risk Management Management FDIC Meeting 195

Abrigo

NOVEMBER 3, 2014

Those regulated by the OCC and above $50 billion in assets are expected to use the results to detect opportunities to improve and implement specific changes that can be tracked, measured and evaluated. Access to management and regulators – Is there a need for increased interactions? Or, do they need more context and less data?

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Meeting Policies Training Exercises 170

Perficient

MAY 12, 2023

enables companies, governments, and public sector agencies to use innovative digital technologies, smart automation, and advanced analytics to transform operating processes. Now, as proposed by the World Economic Forum as well as Harvard University, a fourth Industrial Revolution, aka Industry 4.0, is starting. Industry 4.0 Industry 4.0

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Management Industry Innovation Operations 275

PYMNTS

FEBRUARY 14, 2018

government determines its best approach to cryptocurrency regulation, a commissioner with the Commodity Futures Trading Commission (CFTC) is advising crypto companies to self-regulate. Quintenz made his comments to reporters before the first meeting of CFTC’s Technology Advisory Committee in two years. While the U.S.

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Regulation Bitcoin cryptocurrency blockchain 101

PYMNTS

APRIL 10, 2017

New York’s financial regulator had a bold claim to offer over the weekend — she claimed that other states should use New York’s sweeping cybersecurity rules as a model for how insurers must protect their networks from hackers. The New York regulation is a road map with rules of the road.”.

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New York Regulation Denver Guidelines 110