PYMNTS

MAY 26, 2016

Those services launched into virgin territory in terms of regulation — businesses of this kind had never quite existed before — and so the rules and regs in place did not quite manage to directly address them. But the events of the week indicate that this area is not likely to remain quite so gray forever. The Big Austin Loss .

Regulation 100

Regulation Austin San Antonio United States 100

PYMNTS

NOVEMBER 2, 2020

In 2018, the Postal Service piloted the FBI partership program at two post offices in Washington, D.C. The Postal Service operates 31,000 post offices, and 99 percent of the U.S. As facial recognition advances, tech companies are trying to get ahead of regulations. Department of Homeland Security (DHS).

US 191

US Washington Report Policies 191

PYMNTS

DECEMBER 2, 2019

New York and British regulators already levied almost $700 million in fines against Deutsche in a separate $10 billion money laundering case involving the so-called “mirror trades” from Russia. Washington and Frankfurt are now inquiring about the reasons for the delay. That incident is still under investigation by the DoJ.

Washington 200

Washington New York Regulation Report 200

PYMNTS

OCTOBER 26, 2018

Amid reports this week that changes to accounting standards are coming over the next few weeks, the Securities and Exchange Commission (SEC) has said that financial professionals, including accountants, must be mindful of cybersecurity risks. BEC, the acronym for business email compromise scams, is getting its share of attention.

Washington 122

Washington Fraud Security Report 122

PYMNTS

AUGUST 30, 2018

In the Penn Quarter neighborhood of Washington D.C., Cash was actually shaping up to be a security liability for Hill Country, which kept getting robbed. In so doing, it launched itself into a debate that is unfolding in both its home city of Washington D.C. and nationwide about whether cashless operation is discriminatory.

Washington 100

Washington FDIC Security Cards 100

PYMNTS

JULY 31, 2019

Regulators have taken note. At the time, The Washington Post said the probe represented “an unprecedented level of government attention” on a sector that has, until now, evaded regulatory scrutiny for operating outside of consumer protection rules.

Lending 162

Lending Washington Technology Security 162

PYMNTS

SEPTEMBER 26, 2019

House of Representatives passed the Secure And Fair Enforcement (SAFE) Banking Act that provides cannabis businesses with banking access. House of Representatives passed the Secure And Fair Enforcement (SAFE) Banking Act on Wednesday (Sept. Today in the payments news roundup, the U.S. And Peloton is hoping for an $8.2

Ohio 101

Ohio Payments Colorado Analytics 101

PYMNTS

SEPTEMBER 7, 2018

A new bank, launched by one of the Federal Reserve’s own, is now suing the Fed of New York , accusing the regulator of preventing the bank from moving forward with its business plans. Connecticut has granted temporary authorization for TNB to operate as a bank, but it will not provide retail banking services or loans, reports noted.

Connecticut 100

Connecticut New York Washington Policies 100

PYMNTS

MARCH 25, 2019

In addition, noted The Washington Post , half of the committee’s existing members can continue serving, and the number of in-person board meetings is being boosted from two to three annual meetings. They’re worried that could happen, and what that would mean for the overall concerns of their banks.”

Lending 128

Lending Illinois Compliance Chicago 128

Independent Banker

MARCH 31, 2022

Treasurer Sarah Getzlaff, CEO, Security First Bank of North Dakota, New Salem, N.D. ICBA president and CEO Rebeca Romero Rainey, Washington, D.C. Lucas White: We need to continue to differentiate community banks and educate policymakers on why tiered and proportionate regulation is necessary. Covington, Ind. Middlebourne, W.Va.

Community Bank 239

Community Bank Community Industry Texas 239

PYMNTS

DECEMBER 1, 2017

At the time, Uber – at the directive of its chief security officer – hid the breach and paid hackers about $100,000 to destroy the data. The ride-sharing company said that no Social Security numbers, credit card information, trip location details or other data were taken. Privacy regulators for the European Union said Wednesday (Nov.

New York 144

New York Data Regulation Washington 144

PYMNTS

NOVEMBER 30, 2020

That rather stark opinion comes care of Dr. Leana Wen, an emergency medicine physician and a visiting professor at George Washington University, who spoke to CNN over the weekend about the deteriorating situation based on the case number count. It’s never a good sign when, during a pandemic, the expert opinion on the ground is that the U.S.

Arizona 160

Arizona Survey Boston Examples 160

PYMNTS

OCTOBER 2, 2019

As is germane to Switzerland, there’s been a bit of support from regulators here — verbal support anyway. As has been reported , Mark Branson, CEO of Swiss financial supervisor FINMA said that Libra poses fewer concerns than do cryptocurrencies that trade and crypto firms that operate with no supervision. “I

cryptocurrency 123

cryptocurrency Meeting Regulation Washington 123

PYMNTS

MAY 24, 2019

FinCEN expects to hold events in the Washington, D.C. Companies that are already in their operational phases will be given advance consideration. “Technology demonstrations should highlight how these innovations work and how financial institutions might use them.

Innovation 124

Innovation US Metro Washington 124

PYMNTS

JULY 31, 2017

Most of the drama this week was in Washington. Regulators are reportedly inquiring about how a lawyer for wealthy customers of Wells Fargo came to access so large a trove of customer information. Or at least a less frustrating one. According to reports, the data was accidently given to the attorney as part of an ongoing lawsuit.

Taxes 100

Taxes Data Security Report 100

Independent Banker

NOVEMBER 25, 2015

“We are going to have to lean into this digitized world, so that we can continue to serve our customers well into the 21st century,” ICBA President and CEO Cam Fine told the 24th World Congress of Savings and Retail Banks in Washington, D.C., See “Closing the Gap” in the November 2015 issue, online at www.independentbanker.org.).

Community Bank 70

Community Bank Community Analytics Lending 70

CFPB Monitor

JULY 21, 2022

CA), inserting into the NDAA a version of the “Establishing New Authorities for Business Laundering and Enabling Risks to Security Act,” otherwise more commonly known as the ENABLERS Act. As we will discuss, it applies the BSA to persons providing corporate formation, trust, third-party payment, or similar legal or accounting services.

United States 78

United States Taxes Regulation Compliance 78

TrustBank

DECEMBER 8, 2022

As of October, the US ranked 32 nd according to the Organization for Economic Co-operation and Development (OECD) data. By the 1990’s, improvements in technology and further changes to securities regulations made it easier for corporate customers to access financial markets directly.

US 52

US Policies Taxes Washington 52

PYMNTS

OCTOBER 14, 2016

Although user access to the payments platform was not restricted officially, delays by financial regulators that seemed to have no intent in resolving issues meant that PayPal did not renew its financial license. Bitcoin Regulations. Bitcoin regulation, as Turkey is emphasizing, is a bane in bitcoin’s behind. The payoff is 12.5

Bitcoin 100

Bitcoin Conference New Hampshire blockchain 100

PYMNTS

AUGUST 9, 2019

It was a week with a fair amount of push back on the road, particularly on Amazon’s side of the ledger with choppy waters in both its delivery operations and ongoing expansion into healthcare. It was a big week for advances in robotic deliveries, with Postmates securing the first permit to test robotic sidewalk deliveries in San Francisco.

Strategy 144

Strategy San Francisco Policies Data 144

PYMNTS

APRIL 6, 2018

The news was particularly good for JUMP, a NYC-based bikesharing startup that can’t offer its pedal assist bikes in its hometown due to local regulations. It also operated dockless pedal-assist bikes in Washington, D.C. The firm has an 18-month exclusive permit for its electric bikes in San Francisco. and Sacramento.

Apple 100

Apple San Francisco New York Sacramento 100

Independent Banker

SEPTEMBER 30, 2021

Building trust in your institution has a lot to do with technology, from implementing strong data security practices to humanizing your online customer interactions. Penetration testing, or pen testing for short, has become a staple of bank IT security programs because hacking threats are constantly evolving. Elizabeth Judd.

Community 139

Community Community Bank social media Security 139

South State Correspondent

MARCH 15, 2023

Now, customers and analysts will pay more attention to Loans + Securities-to deposit ratio. Instead of just looking at LTD, investors, and depositors, will now look at loan plus securities to total deposits. This should be a standard operating procedure at every bank. 9) Brand Matters: SVB had one of the best brands in banking.

social media 195

social media FDIC Branding Management 195

Jeff For Banks

JULY 9, 2012

Second Quarter Surprises We received two big surprises at the end of the second quarter — one from Washington and one from an ocean away. Congress hauled Dimon to Washington to testify about the losses; as ever, he handled himself with authority and remained feisty. The end result will likely be more overzealous financial regulation.

Taxes 66

Taxes Washington Risk Management Marketing 66

CFPB Monitor

JANUARY 25, 2019

The Pennsylvania Department of Banking and Securities (“DoBS”) just released Guidance declaring that virtual currency, “including Bitcoin,” is not considered “money” under the Pennsylvania Money Transmission Business Licensing Law , otherwise known as the Money Transmitter Act (“MTA”). The Pennsylvania Guidance.

Pennsylvania 60

Pennsylvania Security New Hampshire Texas 60

PYMNTS

DECEMBER 14, 2020

The Commission Nationale de l’Informatique et des Libertés (CNIL), the French data protection watchdog, has hit Amazon and Google with significant financial penalties for allegedly contravening regulations on the digital advertising trackers known as “cookies,” CNBC reported. Amazon was told to pay 35 million euros (approximately $42.5

Google 132

Google social media Compliance Regulation 132

PYMNTS

MAY 15, 2017

It should be a call to action to the cybersecurity regulators that, when innovation — even intellectually and technologically sophisticated innovation — goes off the rails, it’s time to give a good hard look with an eye to reining it way, way in. She was awarded the Presidential Medal of Freedom from President John F. Kennedy in 1962.

Bitcoin 155

Bitcoin Regulation Innovation Fintech 155

PYMNTS

MARCH 28, 2016

doesn’t have to be paved with a 500+ person task force analyzing what the world would look like if we were starting from a clean sheet of paper, competing propositions for who’s going to build and operate a new set of rails, or even what sort of spiffy software can make existing rails faster. The path to faster payments in the U.S.

US 100

US Payments Course System 100

Gonzobanker

DECEMBER 19, 2017

Heavy-handed regulators. Seriously, sit back with a pocket flask of Pappy Van Winkle, smoke a cigar (or your combustible of choice if you live in Colorado, California, Washington, Oregon, Nevada, Main or Massachusetts) and enjoy the 2017 GonzoBanker Awards. Biggest Branch ITM User Award : The Security Guard. Payments chaos.

Conference 91

Conference Industry Community Bank Community 91

Abrigo

SEPTEMBER 20, 2021

They should also consider how they would comply with the regulation, which doesn’t include an asset-based exemption threshold for depository institutions or any other general exemptions for particular types of financial institutions. securities credit. credit secured by certain investment properties. public utilities credit.

Lending 195

Lending Data Compliance Regulation 195

PYMNTS

NOVEMBER 4, 2016

It ’ s unclear if the facility will augment Bitmain’s mining power or if it ’ s just a relocation of current operations. It’s much tougher to legitimize and regulate it. Elsewhere in the world, officials continue actively seeking legitimacy and regulation for bitcoin. Washington, D.C.,

Bitcoin 100

Bitcoin North Carolina New York Regulation 100

PYMNTS

OCTOBER 11, 2019

PayPal officially pulled its support of Facebook’s Libra initiative after being a no-show at the Libra Association meeting in Washington, D.C. Trending: How EU Regulators Are Complicating SCA Compliance (Ekata PSDS Tracker). And its investment in MercadoLibre, a Latin American retailer, dropped 10 percent.

Cards 116

Cards Online Houston Digital Banking 116

PYMNTS

APRIL 2, 2018

High-profile people called for users to delete their accounts, advertisers (and some investors) withdrew, and Washington found a rare moment of bipartisan agreement that something needs to be done to rein in Facebook’s power as a platform that connects billions and wields tremendous power as a social influencer.

Big Data 116

Big Data Data Regulation social media 116

CB Insights

JUNE 6, 2019

The company announced it was effectively ceasing operations immediately and filing for Chapter 11 bankruptcy, putting more than 1,100 people out of work overnight. In January 2019, Munchery abruptly ceased all operations, as it informed customers via email. By September 2011, Solyndra’s business model had fallen apart.

Apple 78

Apple Branding Google Company 78

CB Insights

MAY 23, 2019

Zenefits skirts compliance regulations. After a comprehensive investigation by the Securities and Exchange Commission, Holmes was banned from the laboratory testing industry for two years and was ultimately charged with wire fraud by the Department of Justice in summer 2018. Zenefits skirts compliance regulations. The Outcome.

Fraud 78

Fraud Las Vegas Company Video 78

CB Insights

JULY 23, 2020

Beyond the office: cybersecurity and at-home network security. Biometrics — which measure a person’s physical characteristics, such as fingerprints or voice patterns — are often more secure than other authentication options, more convenient for customers, and more cost-effective for businesses. Bathrooms: autonomous cleaning solutions.

Meeting 101

Meeting Tools Survey Company 101

CB Insights

SEPTEMBER 4, 2018

A few of the companies or brands listed below belong to the same parent organization, but are detailed separately if they are operating distinct autonomous development programs. The luxury brand operates under the umbrella of the Volkswagen Group, so developments within the division could have broader implications going forward.

System 78

System Technology Michigan California 78