PYMNTS

JUNE 9, 2020

A Texas operator of several payment processing centers has agreed to be permanently banned from the industry in order to settle charges by the Federal Trade Commission (FTC) and the state of Ohio that they unlawfully participated in scams, according to a press release. The FTC and Ohio officials filed their complaint against the trio in U.S.

Ohio 130

Ohio Payments Texas Fraud 130

CFPB Monitor

NOVEMBER 16, 2020

ACFIN is a network of federal and state regulators that may include state attorneys general, state financial regulators, and federal financial regulators. The CFPB’s announcement invites innovators to request a meeting and describe the topic(s) they would like to discuss during their virtual session.

Colorado 78

Colorado South Carolina Tennessee Utah 78

PYMNTS

FEBRUARY 12, 2020

In today’s top news, Germany’s leaders will vote on the Road Traffic Act on Friday, which will determine the regulation of eScooters in the country, and Softbank’s quarterly profit dropped 99 percent. Ohio University On Paper Checks And The Higher Ed Financial Aid Catch 22. eScooters Prepare As Germany Leaders Vote On Ban.

Ohio 139

Ohio Apple Payments Regulation 139

American Banker

JUNE 13, 2023

Vance, R-Ohio, lambasted the Federal Reserve for increasing the dominance of "too big to fail" banks and failing to rein in systemic risk. He asked whether the Office of the Comptroller of the Currency is a better regulator than the Fed.

Ohio 41

Ohio Regulation System Compliance 41

PYMNTS

FEBRUARY 28, 2019

Wirex, a cryptocurrency and fiat (real money) payments platform, is releasing a beta version of a regulated crypto-oriented business account, according to reports. Last year, Ohio partnered with cryptocurrency company BitPay, and the state became first in the U.S. to allow businesses to pay their corporate taxes in bitcoin.

Ohio 162

Ohio cryptocurrency Taxes Bitcoin 162

American Banker

DECEMBER 28, 2016

The Department of Justice has agreed to a settlement with a pair of Cincinnati banks accused of redlining African-American neighborhoods in four cities in Ohio and Indiana.

Ohio 42

Ohio Indiana Regulation 42

PYMNTS

FEBRUARY 13, 2020

However, universities can make digital disbursements easier to access and more appealing for students, Sherry Rossiter, bursar at Ohio University , told PYMNTS in a recent interview. “We We cannot mandate direct deposit for federal [aid], … per [a] Department of Education regulation,” Rossiter clarified. “So,

Ohio 130

Ohio Security Payments Examples 130

PYMNTS

NOVEMBER 27, 2018

The terms of this mandate will ensure that these areas are regulated and managed in a way that provides job opportunities as well as income for the government and people of Nigeria. Abubakar added that regulation will “provide clarity” and allow for jobs and income for Nigeria.

blockchain 193

blockchain cryptocurrency Bitcoin Ohio 193

Payments Source

OCTOBER 7, 2019

Today: Paytm extends wireless; Tim Cook takes a veiled shot at Libra; European regulators warn banks on AML; Ohio shuts crypto tax payment site. The information you need to start your day, from PaymentsSource and around the web.

Ohio 71

Ohio Taxes Regulation Payments 71

American Banker

JULY 20, 2023

Both Senate Banking Committee Chairman Sherrod Brown, D-Ohio, and ranking member Tim Scott, R-S.C., said they would consider what reforms "if any" are necessary post Silicon Valley Bank failure.

Ohio 69

Ohio Policies Compliance Regulation 69

American Banker

DECEMBER 15, 2023

Sherrod Brown, D-Ohio, and John Kennedy, R-La., have reintroduced their ILC bill that would subject companies that hold an ILC charter to similar oversight as traditional banks, while measures to cap interest rates and ban 'trigger leads' have also been introduced.

Ohio 54

Ohio Company Policies Compliance 54

PYMNTS

SEPTEMBER 17, 2019

Interest rates on pawn loans vary as they are regulated by states. Regulations require that pawnbrokers request proof of ownership before making a deal with a potential customer — but the less reputable players in the industry have a nasty habit of forgetting to ask. Where Payday Lending Recedes, Pawnbrokers Flourish .

Ohio 151

Ohio Lending Iowa South Dakota 151

PYMNTS

FEBRUARY 25, 2019

Regulators in New York City recently ordered places that sell food to stop putting the substance in meals or beverages. In Maine and Ohio, regulators have also curtailed sales of the compound. There has been some pushback.

Marketing 179

Marketing New York City US Ohio 179

Abrigo

DECEMBER 4, 2015

Sageworks consultants have hosted and spoken at roughly two dozen regional and national events and industry conferences attended by hundreds of banking and credit union executives, regulators and industry professionals. See upcoming regional and national events hosted or attended by Sageworks here.

North Carolina 150

North Carolina Ohio DC Regional 150

Independent Banker

SEPTEMBER 25, 2014

The better prepared, the less likely they are to run afoul of the continually shifting regulations. Regulators and industry consultants agree that community banks are generally doing a great job handling their regulatory oversight and requirements. in Kent, Ohio. Be aware of existing or emerging risk concerns.

Compliance 101

Compliance Regulation Community Bank Community 101

PYMNTS

JULY 21, 2020

The Fintech Strategic Review, whose mission is to establish priorities for the industry, policy makers and regulators to ensure success of the UK fintech sector, will be led by Ron Kalifa, former CEO of Worldpay, the Ohio-based payment processing company and technology provider.

Fintech 174

Fintech Ohio Financial Technology Innovation 174

PYMNTS

JULY 15, 2020

While consumers have been avoiding full-service restaurants during the pandemic — out of choice, necessity, or COVID-related state regulations — QSRs , which are more adept at offering delivery, takeout, drive thru service and mobile-ordering capabilities, have felt the love these past few months. “I

Ohio 153

Ohio Branding Meeting Regulation 153

PYMNTS

APRIL 25, 2017

Other concerns are that the OCC doesn’t understand FinTech and therefore shouldn’t regulate it. Among the states that have issue with it are New York, Florida, Ohio and California. Some are concerned the OCC is hurting innovation, while others think it’s overstepping its limits. Take New York as one example.

Fintech 109

Fintech Ohio Florida Oregon 109

PYMNTS

AUGUST 30, 2020

While authorities say this is common, Trevor Brown , professor of public management at Ohio State University, said it could pose risk since "you are not competing," WSJ reported.

Ohio 271

Ohio Virginia Fraud Lending 271

PYMNTS

FEBRUARY 17, 2020

Colleges have had the ability to issue grants and refunds via ACH for 20 years, but government regulations insist on the tangible, tactile paper check as payment mode of choice despite its well-known weaknesses — lack of speed and security, plus an error-prone nature.

Arkansas 167

Arkansas Ohio Texas Regulation 167

PYMNTS

DECEMBER 21, 2018

Warren Davidson (R-Ohio) and Darren Soto (D-Fla.) “In the early days of the internet, Congress passed legislation that provided certainty, and resisted the temptation to over-regulate the market. According to CNBC , Reps.

Bitcoin 175

Bitcoin cryptocurrency Ohio Leadership 175

PYMNTS

DECEMBER 30, 2019

It’s all somewhat fragmented and ad hoc at the moment, as city councils coast to coast think of clever ways to leverage the new regulations. Some states are making sweeping moves, like Ohio just did by eliminating sales taxes on feminine hygiene products. With the debate now all but over, the real work has begun.

Taxes 130

Taxes Alaska South Dakota South Carolina 130

Independent Banker

MARCH 31, 2022

Coldwater, Ohio. Lucas White: We need to continue to differentiate community banks and educate policymakers on why tiered and proportionate regulation is necessary. We need to make sure people remember that and have it reflected in laws and regulations that affect our industry. Chairman Brad M. Grand Rapids, Minn.;

Community Bank 239

Community Bank Community Industry Texas 239

PYMNTS

SEPTEMBER 26, 2019

The bill was sponsored by congressmen Denny Heck of Washington, Ed Perlmutter of Colorado, Warren Davidson of Ohio and Steve Stivers of Ohio. The legislation looks to make sure that state-authorized and regulated cannabis businesses don’t have to operate with only cash. On-Demand Fitness Startup Peloton Pursues $8.2B

Ohio 101

Ohio Payments Colorado Analytics 101

Independent Banker

AUGUST 31, 2021

While reporting D&I performance metrics to your primary federal regulator is currently voluntary, your program might need to change if reporting metrics become mandatory or if D&I performance is required to be reflected in examination ratings. Procurement and business practices and supplier diversity.

Community Bank 91

Community Bank Policies Community Regulation 91

PYMNTS

AUGUST 8, 2018

At the state level, too, Ohio seems poised to embrace blockchain. Ohio is also the fifth-largest hub for the financial services industry, as counted at the state level. Critics charge that the blockchain-based initiative will still be vulnerable to hacking. Healthcare, At The Smallest (Genomic) Level. Blockchain … And Big Bucks.

blockchain 109

blockchain West Virginia Ohio Columbus 109

Abrigo

DECEMBER 18, 2023

Federal Reserve and OCC examiners at an Ohio Bankers League forum this summer highlighted repricing risk, uncertain lease renewals for office space, and increasingly burdensome costs for long-term care facilities, he said. CRE loans make up 28.7% of small bank assets, compared with only 6.5% at big banks.

Risk Management 221

Risk Management Management Lending Capital 221

Abrigo

MAY 24, 2023

Sherrod Brown, D-Ohio, in the same hearing. “The lack of electronic records in this world makes it easy to move money that shouldn’t be moved.” Without full access to the banking and payments system, legal cannabis businesses are forced to operate in the shadows,” said Sen.

Lending 195

Lending Fraud Operations Ohio 195

PYMNTS

AUGUST 8, 2018

As states are moving to find novel ways to make use of blockchain, a number of initiatives have been developed to regulate distributed ledger technology. Ohio Governor John Kasich has also signed legislation to boost blockchain efforts.

Hawaii 100

Hawaii West Virginia New York City New York 100

PYMNTS

SEPTEMBER 26, 2018

Representative Warren Davidson (R-Ohio) is hosting a “Legislating Certainty for Cryptocurrencies” roundtable, with financial firms, venture capitalists (VCs) and cryptocurrency companies all gathering to say their piece on the shaping of crypto regulation. This week, U.S.

Management 164

Management cryptocurrency blockchain Regulation 164

PYMNTS

AUGUST 14, 2018

Bob Latta (R-Ohio), the committee chair, urging regulation that would force financial firms to provide “relief to victims” of data breaches and more flexible data protection solutions. The group sent a joint letter to Rep.

Michigan 100

Michigan Report Ohio Groups 100

PYMNTS

JULY 17, 2019

Like a toddler who has gotten his hands on a book of matches, Facebook has burned down the house over and over, and called every arson a learning experience,” said Ohio Sen. It’s a good idea for us to explore this because quite honestly cryptocurrency now is still kind of the wild, wild west that is not well regulated,” he said.

cryptocurrency 142

cryptocurrency North Carolina Idaho Louisiana 142

PYMNTS

NOVEMBER 9, 2018

The site noted that regulators are mulling who will be on the hook to reimburse bank customers who have been victimized through no fault of their own. A bit closer to home, in Ohio, federal investigators and law enforcement officials in Austintown are trying to nab a fraudster who allegedly pilfered $50,000 from a local business.

Cards 150

Cards Fraud Policies Ohio 150

PYMNTS

MAY 30, 2018

Consumer advocates in Ohio were granted permission to start collecting signatures to get a constitutional amendment regarding payday loan reform on the ballot. “The Ohio Consumer Lenders Association favors reform that curbs excesses without ending access to credit,” association spokesman Patrick Crowley said in a statement.

Ohio 100

Ohio Regulation Lending Industry 100

PYMNTS

JANUARY 23, 2017

According to the new regulations, organic farmers must, at a minimum, provide one square foot of outdoor space for every 2.25 Not everyone is feeling plucky about the new regulations. As of now, 14 stores near Kroger’s Cincinnati, Ohio headquarters are running the technology; more stores are expected to try it out later this year.

Ohio 100

Ohio National Regulation Mobile 100

PYMNTS

MAY 16, 2018

As GDPR takes effect late in the month, firms must be compliant with new rules and regulations. The report recommends a collaborative approach among information security and compliance team members. Also noted by the site, Ernst & Young’s Global Fraud Survey has set its sights on compliance efforts.

Fraud 100

Fraud Compliance Cleveland Ohio 100

PYMNTS

SEPTEMBER 11, 2019

Further complicating matters, CBD is regulated on a state-by-state basis, meaning products legal in one place might flip to illegal if one drives a few miles over the wrong state line. Ohio-based Green Growth Brands is a publicly-traded cannabis firm that has a simple but pretty expansive mission. “We

Marketing 124

Marketing US Branding Retail 124